ETF Research Center

The First Trust Indxx Global Agriculture ETF tracks the price and yield performance, before fees and expenses, of the Indxx Global Agriculture Index.

FUND BASICS
Category	US Equities
Fund Sponsor	First Trust Advisors LP
Website	www.ftportfolios.com
Inception date	Mar 12, 2010
Assets (mns)	$3
Currency	USD
Expense ratio	70 bp
Distributions	Quarterly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian	Bank of New York Mellon
Weighting	Market Cap
Index replication	Full
Uses derivatives	No
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	42
Wgt avg mkt cap (mns)	$33,703
Large cap (>$10bn)	70.7%
Mid cap ($2-10bn)	26.5%
Small cap (<$2bn)	2.8%
Developed mkts	90.5%
Emerging mkts	9.5%

TOP TEN HOLDINGS
Total	62.9 %
BAYER AG	10.7 %
DEERE & CO	10.7 %
BASF SE	9.0 %
DOW CHEMICAL	7.9 %
CORTEVA INC	5.1 %
NUTRIEN LTD.	4.3 %
DOW, INC.	4.2 %
WILMAR INTERNATIONAL LTD	4.1 %
KUBOTA CORP	3.8 %
FMC CORP	3.0 %

TOP COUNTRY EXPOSURE
	UNITED STATES	41.8 %
	GERMANY	23.0 %
	JAPAN	8.0 %
	CANADA	4.3 %
	INDIA	4.3 %
	SINGAPORE	4.1 %
	BRITAIN	2.8 %
	MALAYSIA	2.7 %
	NORWAY	2.5 %
	AUSTRALIA	1.3 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru January 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
-7.8%	-5.4%	-13.6%	--	-17.0%

Market Correlations
versus...	Beta	R-squared
S&P500	1.07	66%
MSCI EAFE	1.28	79%
MSCI Emg. Mkts.	0.89	66%

Technical Indicators
Recent close	$21.58
30d moving avg.	$22.77
Annualized volatility	15.9%
Short interest (ETF)	0.8%
Relative strength (RSI)	38

Liquidity measures
Avg. volume (thou.)	0
Turnover	0.0%
Bid/Ask (% of price)	0.26%
ADV underlying (mns)	$2,031

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Indxx Global Agriculture ETF ETF based on the alternatives' overlap in portfolio holdings with FTAG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

FTAG

Expense:

70 bp

ALTAR Score™:

7.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH FTAG
Ticker	Fund Name	Overlap¹ vs FTAG (%)	Expense ratio (bp)	Savings vs FTAG (bp)	ALTAR Score™ (%)	ALTAR vs FTAG (%)
VEGI	iShares MSCI Global Agriculture Producers ETF	44.3	39	31	6.3	-1.5
MOO	VanEck Vectors Agribusiness ETF	44.2	54	16	5.8	-2.0
DIET	Defiance Next Gen Food & Agriculture ETF	27.3	30	40	4.9	-2.9
SOIL	Global X Fertilizers/Potash ETF	24.5	69	1	5.2	-2.7
IYM	iShares U.S. Basic Materials ETF	19.7	42	28	7.8	+0.0
HAP	VanEck Vectors Natural Resources ETF	19.6	50	20	6.3	-1.5
XLB	Materials Select Sector SPDR Fund	17.4	13	57	8.3	+0.5
GUNR	Flexshares Morningstar Global Upstream Natural Resources	16.8	46	24	6.4	-1.4
RTM	Invesco S&P 500 Equal Weight Materials ETF	16.8	40	30	7.8	0.0
NANR	SPDR S&P North American Natural Resources ETF	15.2	35	35	4.6	-3.2
VAW	Vanguard Materials Index Fund	15.1	10	60	8.1	+0.3
FMAT	Fidelity MSCI Materials Index ETF	14.7	8	62	8.1	+0.3
MXI	iShares Global Materials ETF	12.3	46	24	6.8	-1.0
DXGE	WisdomTree Germany Hedged Equity Fund	12.2	48	22	9.1	+1.3
DAX	Global X DAX Germany ETF	11.9	20	50	8.3	+0.5
QDEU	SPDR MSCI Germany Quality Mix ETF	11.9	14	56	8.1	+0.3
EWG	iShares MSCI Germany ETF	11.1	49	21	7.6	-0.2
JHMA	John Hancock Multifactor Materials ETF	11.0	40	30	7.6	-0.2
FLGR	Franklin FTSE Germany ETF	10.9	9	61	7.9	+0.1
DBGR	Xtrackers MSCI Germany Hedged Equity ETF	10.7	45	25	7.5	-0.3

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2015	2016	2017	2018	2019	2020E	2021E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS

	2019	2020E	2021E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	First Trust Indxx Global Agriculture ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	9.8	%
Divided by: Fwd. P/BV	1.2	x
Less: Expense ratio	70	bp
Equals: ALTAR Score	7.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.55	CATEGORY AVERAGE	1.56

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.