First Trust ISE Global Natural Resources Income
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
7.6x P/Sales
ratio
0.7x
P/BV
ratio
1.3x Div.
yield
9.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Indxx Global Natural Resources Income ETF tracks the price and yield performance, before fees and expenses, to the Indxx Global Natural Resources Income Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Mar 12, 2010
Assets (mns) $7
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 50
Wgt avg mkt cap (mns) $37,728
Large cap (>$10bn) 73.5%
Mid cap ($2-10bn) 22.2%
Small cap (<$2bn) 4.3%
Developed mkts 79.5%
Emerging mkts 20.5%

TOP TEN HOLDINGS
RIO TINTO PLC-SPON ADR 9.9 %
CNOOC LTD-ADR 8.3 %
OCCIDENTAL PETROLEUM CORP 8.2 %
ARCHER-DANIELS-MIDLAND CO 8.0 %
UPM-KYMMENE OYJ 5.3 %
MMC NORILSK NICKEL OJSC 5.0 %
INTERNATIONAL PAPER CO 4.8 %
VEOLIA ENVIRONNEMENT 4.7 %
MARUBENI CORP 4.7 %
TATNEFT-CLS 4.6 %
Total 63.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 26.6 %
BRITAIN 23.1 %
RUSSIA 13.8 %
HONG KONG 8.7 %
FINLAND 5.3 %
FRANCE 4.7 %
JAPAN 4.7 %
CANADA 2.1 %
AUSTRALIA 1.7 %
COLOMBIA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.3% 1.2% -7.0% -- -7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.71 48%
MSCI EAFE 0.86 59%
MSCI Emg. Mkts. 0.55 39%

Technical Indicators
Recent close $11.78
30d moving avg. $11.54
Annualized volatility 12.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $1,213

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FTRI Expense: 70 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTRI
Ticker Fund
Name
Overlap1
vs FTRI
(%)
Expense
ratio
(bp)
Savings
vs FTRI
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTRI
(%)
TBLU Tortoise Water Fund 13.0 40 30 4.9 -5.0
CUT Invesco Timber 13.0 55 15 7.2 -2.8
CGW Invesco S&P Global Water 13.0 62 8 4.3 -5.6
PIO Invesco Global Water 11.7 75 -5 4.4 -5.5
GUNR Flexshares Global Upstream Natural Resources 11.4 46 24 5.7 -4.2
VEGI iShares MSCI Global Agriculture Producers 11.0 39 31 6.9 -3.0
ERUS iShares MSCI Russia 10.6 59 11 16.0 +6.1
SLX VanEck Vectors Steel 10.2 56 14 13.4 +3.5
FLRU Franklin FTSE Russia 9.6 19 51 17.4 +7.5
WOOD iShares S&P Global Timber 9.2 46 24 6.7 -3.2
WBIY WBI Power Factor High Dividend 8.6 70 0 10.0 +0.1
GNR SPDR S&P Global Nat. Resources 8.1 40 30 6.5 -3.4
NANR SPDR S&P N. American Nat. Resources 7.9 35 35 4.1 -5.8
FRAK VanEck Vectors Unconventional Oil & Gas 7.8 54 16 1.7 -8.2
FTXG First Trust Nasdaq Food & Beverage 7.5 60 10 5.6 -4.3
MOO VanEck Vectors Agribusiness ETF 7.5 54 16 6.4 -3.6
GRES Index IQ Global Resources 7.3 77 -7 6.1 -3.8
FXG First Trust Consumer Staples 7.0 64 6 6.6 -3.3
HAP VanEck Vectors Hard Asset Producers 6.8 50 20 5.9 -4.1
OBOR KraneShares MSCI One Belt One Road Index 6.6 79 -9 9.3 -0.6

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%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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
  2018 2019E 2020E
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 ISE Global Natural Resources Income
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.54
 
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.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.