First Trust Value Line 100 Exchange-Traded Fund
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
17.8x P/Sales
ratio
1.8x
P/BV
ratio
2.7x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Value Line 100 Exchange-Traded Fund seeks to track the performance of the Value Line 100 Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 12, 2003
Assets (mns) $28
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $76,717
Large cap (>$10bn) 65.0%
Mid cap ($2-10bn) 28.9%
Small cap (<$2bn) 6.1%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
AUDIOCODES LTD 2.0 %
FRANCO-NEVADA CORP 1.6 %
WEST PHARMACEUTICAL SERVICES 1.6 %
TYLER TECHNOLOGIES INC 1.6 %
PROCTER & GAMBLE CO/THE 1.5 %
CABLE ONE INC 1.4 %
MICROSOFT CORP 1.4 %
ZOETIS INC 1.4 %
SWITCH, INC. CLASS A 1.4 %
HERSHEY CO/THE 1.3 %
Total 15.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.9 %
CANADA 7.9 %
IRELAND 2.9 %
BRITAIN 2.3 %
ISRAEL 2.0 %
BERMUDA 1.7 %
TAIWAN 1.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.1% -14.9% -2.8% 5.5% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 80%
MSCI EAFE 0.85 67%
MSCI Emg. Mkts. 0.62 52%

Technical Indicators
Recent close $17.37
30d moving avg. $19.13
Annualized volatility 15.7%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.1%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.7%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $63,200

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Value Line 100 Exchange-Traded Fund ETF based on the alternatives' overlap in portfolio holdings with FVL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FVL Expense: 70 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FVL
Ticker Fund
Name
Overlap1
vs FVL
(%)
Expense
ratio
(bp)
Savings
vs FVL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FVL
(%)
KLCD KFA Large Cap Quality Dividend Index ETF 25.6 41 29 6.8 +1.2
FDMO Fidelity Momentum Factor ETF 23.4 29 41 5.6 -0.0
JMOM JPMorgan U.S. Momentum Factor ETF 22.1 12 58 5.3 -0.3
AFLG First Trust Active Factor Large Cap ETF 21.8 55 15 7.8 +2.2
PDP Invesco DWA Momentum ETF 21.0 62 8 3.8 -1.8
JMIN JPMorgan U.S. Minimum Volatility ETF 20.3 12 58 7.3 +1.7
USMV iShares Edge MSCI Min Vol USA ETF 20.2 15 55 6.9 +1.3
USMF WisdomTree U.S. Multifactor Fund 20.0 28 42 8.3 +2.7
FDLO Fidelity Low Volatility Factor ETF 19.5 29 41 6.6 +1.0
PSET Principal Price Setters Index ETF 19.3 29 41 7.0 +1.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 19.3 20 50 10.6 +5.0
FLQL Franklin LibertyQ U.S. Equity ETF 19.1 15 55 8.2 +2.6
RPG Invesco S&P 500 Pure Growth ETF 19.0 35 35 6.6 +1.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 18.7 29 41 5.7 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.7 12 58 6.9 +1.3
ROUS Hartford Multifactor US Equity ETF 18.6 19 51 9.4 +3.8
QUS SPDR MSCI USA StrategicFactors ETF 18.4 15 55 7.4 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 18.2 55 15 4.6 -1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 18.1 30 40 7.3 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 18.0 15 55 6.8 +1.2
JQUA JPMorgan U.S. Quality Factor ETF 17.9 12 58 6.7 +1.1
LGLV SPDR Russell 1000 Low Volatility ETF 17.9 12 58 7.1 +1.5
LSLT Salt Low truBeta US Market ETF 17.9 0 70 8.7 +3.1
EQWL Invesco Russell Top 200 Equal Weight ETF 17.8 25 45 7.7 +2.1
AUSF Global X Adaptive U.S. Factor ETF 17.7 27 43 10.8 +5.2
FTC First Trust Large Cap Growth AlphaDEX Fund 17.6 61 9 4.5 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.5 29 41 8.2 +2.6
HSPX Global X S&P 500 Covered Call ETF 17.4 65 5 6.6 +1.0
PBP Invesco S&P 500 BuyWrite ETF 17.4 49 21 6.8 +1.2
SPMV Invesco S&P 500 Minimum Variance ETF 17.4 10 60 7.4 +1.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 17.3 20 50 6.7 +1.1
SPXN ProShares S&P 500 Ex-Financials ETF 17.3 27 43 6.7 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.3 9 61 7.4 +1.8
FQAL Fidelity Quality Factor ETF 17.2 29 41 7.1 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 17.2 27 43 7.1 +1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 17.2 20 50 7.2 +1.6
VFMO Vanguard U.S. Momentum Factor ETF 17.1 13 57 4.8 -0.9
PFM Invesco Dividend Achievers ETF 17.1 54 16 6.5 +0.9
SPY SPDR S&P 500 ETF Trust 16.9 9 61 7.2 +1.6
VOO VANGUARD S&P 500 ETF 16.9 3 67 7.2 +1.6
IVV iShares Core S&P 500 ETF 16.9 4 66 7.2 +1.6
SPLG SPDR Portfolio Large Cap ETF 16.9 3 67 7.2 +1.6
QLV FlexShares US Quality Low Volatility Index Fund 16.8 22 48 6.5 +0.9
MGC Vanguard Mega Cap Index Fund 16.8 7 63 6.9 +1.3
PBUS Invesco PureBeta MSCI USA ETF 16.8 4 66 7.2 +1.6
DEF Invesco Defensive Equity ETF 16.7 55 15 6.5 +0.9
SCHX Schwab U.S. Large-Cap ETF 16.7 3 67 7.1 +1.5
IWL iShares Russell Top 200 ETF 16.7 15 55 6.7 +1.1
VV Vanguard Large-Cap Index Fund 16.7 4 66 7.1 +1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 16.7 2 68 7.2 +1.6
VONE Vanguard Russell 1000 ETF 16.6 8 62 7.1 +1.5
FLLV Franklin Liberty U.S. Low Volatility ETF 16.6 29 41 7.2 +1.6
IUSG iShares Core S&P US Growth ETF 16.5 4 66 5.9 +0.3
IWB iShares Russell 1000 ETF 16.5 15 55 7.1 +1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.5 30 40 8.0 +2.4
SCHK Schwab 1000 Index ETF 16.5 5 65 7.2 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 16.4 3 67 7.4 +1.8
VOOG Vanguard S&P 500 Growth ETF 16.4 10 60 5.8 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 16.4 4 66 5.9 +0.3
IVW iShares S&P 500 Growth ETF 16.4 18 52 5.7 +0.1
IYY iShares Dow Jones U.S. ETF 16.4 20 50 7.1 +1.5
TTAC TrimTabs Float Shrink ETF 16.3 59 11 5.3 -0.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 16.2 19 51 7.8 +2.2
LEAD Reality Shares DIVCON Leaders Dividend ETF 16.1 43 27 5.7 +0.1
GARD Reality Shares DIVCON Dividend Guard ETF 16.1 129 -59 4.8 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 16.1 27 43 7.4 +1.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 16.1 34 36 6.8 +1.2
VTHR Vanguard Russell 3000 Index Fund 16.0 10 60 7.0 +1.4
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 16.0 49 21 6.6 +1.0
SPLV Invesco S&P 500 Low Volatility ETF 16.0 25 45 6.8 +1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.0 75 -5 5.0 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 16.0 15 55 7.0 +1.4
SCHB Schwab U.S. Broad Market ETF 15.9 3 67 7.2 +1.6
DFND Reality Shares DIVCON Dividend Defender ETF 15.9 121 -51 4.9 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 15.9 32 38 6.9 +1.3
IWV iShares Russell 3000 ETF 15.9 20 50 6.9 +1.3
VTI Vanguard Total Stock Market Index Fund 15.9 3 67 7.1 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 15.9 3 67 7.1 +1.5
IQSU IQ Candriam ESG US Equity ETF 15.9 9 61 6.8 +1.2
SUSL iShares ESG MSCI USA Leaders ETF 15.8 10 60 7.1 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 15.8 10 60 7.1 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 15.8 75 -5 6.4 +0.8
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.7 49 21 7.7 +2.1
SNPE Xtrackers S&P 500 ESG ETF 15.6 11 59 7.0 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 15.5 15 55 6.3 +0.7
JHML John Hancock Multifactor Large Cap ETF 15.5 34 36 7.6 +2.0
AFMC First Trust Active Factor Mid Cap ETF 15.4 65 5 10.0 +4.4
ESGV Vanguard ESG U.S. Stock ETF 15.4 12 58 7.1 +1.5
OEF iShares S&P 100 ETF 15.3 20 50 6.4 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 15.3 4 66 5.7 +0.1
VFMV Vanguard U.S. Minimum Volatility ETF 15.2 13 57 6.1 +0.5
SFY SoFi Select 500 ETF 15.2 0 70 6.7 +1.1
FTCS First Trust Capital Strength ETF 15.2 60 10 6.2 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 15.1 29 41 7.1 +1.5
KRMA Global X Conscious Companies ETF 15.1 43 27 7.5 +1.9
FCPI Fidelity Stocks for Inflation ETF 15.1 29 41 9.3 +3.7
SPXV ProShares S&P 500 Ex-Health Care ETF 15.0 27 43 6.9 +1.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 15.0 65 5 4.5 -1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.9 19 51 8.5 +2.9
DGRO iShares Core Dividend Growth ETF 14.9 8 62 8.5 +2.9

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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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 Value Line 100 Exchange-Traded Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.51
 
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.