First Trust Value Line 100 Exchange-Traded Fund
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
1.4x
P/BV
ratio
3.9x Div.
yield
1.8%


  • 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) $33
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 99
Wgt avg mkt cap (mns) $93,257
Large cap (>$10bn) 87.5%
Mid cap ($2-10bn) 11.5%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 1.6 %
ADOBE SYSTEMS INC 1.4 %
PROCTER & GAMBLE CO/THE 1.3 %
NETFLIX INC 1.3 %
NEWMONT MINING CORP 1.3 %
AUTODESK INC 1.3 %
TRACTOR SUPPLY COMPANY 1.2 %
COSTCO WHOLESALE CORP 1.2 %
CADENCE DESIGN SYS INC 1.2 %
ACCENTURE PLC-CL A 1.2 %
Total 13.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.8 %
IRELAND 3.0 %
BRITAIN 2.0 %
SWITZERLAND 1.1 %
CANADA 1.0 %
ISRAEL 1.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% -4.2% 0.9% 8.1% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.94 85%
MSCI EAFE 0.94 74%
MSCI Emg. Mkts. 0.66 57%

Technical Indicators
Recent close $21.17
30d moving avg. $21.17
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $71,002

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™: 5.2%


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
(%)
SPLV Invesco S&P 500 Low Volatility ETF 38.3 25 45 5.7 +0.5
DEF Invesco Defensive Equity ETF 38.0 55 15 5.1 -0.1
PSET Principal Price Setters Index ETF 35.9 29 41 4.6 -0.6
USMV iShares Edge MSCI Min Vol USA ETF 35.0 15 55 5.6 +0.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 34.1 70 0 4.8 -0.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 32.1 25 45 6.0 +0.8
JQUA JPMorgan U.S. Quality Factor ETF 31.2 12 58 5.3 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 29.4 15 55 6.3 +1.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 29.2 49 21 5.2 +0.0
QUS SPDR MSCI USA StrategicFactors ETF 28.9 15 55 5.9 +0.7
LSLT Salt Low truBeta US Market ETF 28.8 29 41 6.1 +0.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 28.1 60 10 6.3 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 27.2 12 58 4.9 -0.3
FDMO Fidelity Momentum Factor ETF 26.7 29 41 3.8 -1.4
EQWL Invesco Russell Top 200 Equal Weight ETF 26.6 25 45 6.1 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 26.2 55 15 3.4 -1.8
ECOZ TrueMark ESG Active Opportunities ETF 26.2 58 12 4.2 -1.0
FQAL Fidelity Quality Factor ETF 25.9 29 41 5.5 +0.3
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 25.7 59 11 3.6 -1.6
RPG Invesco S&P 500 Pure Growth ETF 25.7 35 35 4.4 -0.8
FDLO Fidelity Low Volatility Factor ETF 25.5 29 41 5.2 -0.0
FLLV Franklin Liberty U.S. Low Volatility ETF 25.5 29 41 5.9 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.4 60 10 4.4 -0.8
FTC First Trust Large Cap Growth AlphaDEX Fund 25.4 61 9 2.9 -2.3
SPXE ProShares S&P 500 Ex-Energy ETF 25.2 27 43 5.3 +0.1
PBP Invesco S&P 500 BuyWrite ETF 25.2 49 21 5.0 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.1 20 50 5.4 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 25.0 0 70 5.2 +0.0
IWL iShares Russell Top 200 ETF 25.0 15 55 5.0 -0.2
HSPX Global X S&P 500 Covered Call ETF 24.9 65 5 4.9 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 24.8 17 53 6.6 +1.4
SPYG SPDR Portfolio S&P 500 Growth ETF 24.8 4 66 4.3 -0.9
IVW iShares S&P 500 Growth ETF 24.8 18 52 4.2 -1.0
SPY SPDR S&P 500 ETF Trust 24.7 9 61 5.4 +0.2
SFY SoFi Select 500 ETF 24.7 0 70 5.2 +0.0
VOOG Vanguard S&P 500 Growth ETF 24.7 10 60 4.2 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.7 9 61 5.6 +0.4
MGC Vanguard Mega Cap Index Fund 24.7 7 63 5.2 +0.0
SPLG SPDR Portfolio Large Cap ETF 24.7 3 67 5.4 +0.2
IVV iShares Core S&P 500 ETF 24.7 4 66 5.4 +0.2
IWF iShares Russell 1000 Growth ETF 24.7 19 51 4.1 -1.1
RBUS Nationwide Risk-Based U.S. Equity ETF 24.6 30 40 5.1 -0.1
VOO VANGUARD S&P 500 ETF 24.6 3 67 5.4 +0.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.5 59 11 4.2 -1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.5 35 35 4.4 -0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.5 30 40 6.6 +1.4
IWY iShares Russell Top 200 Growth ETF 24.3 20 50 4.1 -1.1
NULC Nuveen ESG Large-Cap ETF 24.3 20 50 5.0 -0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.2 29 41 6.3 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 24.1 15 55 4.1 -1.1
SPMO Invesco S&P 500 Momentum ETF 24.0 13 57 4.4 -0.8
IUSG iShares Core S&P US Growth ETF 23.8 4 66 4.3 -0.9
USMF WisdomTree U.S. Multifactor Fund 23.8 28 42 5.5 +0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.8 7 63 5.2 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 23.6 15 55 6.2 +1.0
VV Vanguard Large-Cap Index Fund 23.6 4 66 5.3 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.6 2 68 5.3 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 23.5 27 43 5.0 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.4 10 60 5.3 +0.1
IQSU IQ Candriam ESG US Equity ETF 23.4 9 61 5.1 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 23.4 20 50 5.0 -0.2
SUSL iShares ESG MSCI USA Leaders ETF 23.4 10 60 5.3 +0.1
PBUS Invesco PureBeta MSCI USA ETF 23.3 4 66 5.3 +0.1
DSI iShares MSCI KLD 400 Social ETF 23.2 25 45 5.1 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 23.2 3 67 5.5 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 23.1 15 55 5.1 -0.1
AFLG First Trust Active Factor Large Cap ETF 23.1 55 15 5.6 +0.4
SCHX Schwab U.S. Large-Cap ETF 23.1 3 67 5.3 +0.1
CLRG IQ Chaikin U.S. Large Cap ETF 23.0 25 45 6.1 +0.9
EXT WisdomTree U.S. Total Earnings Fund 22.9 28 42 5.2 +0.1
JMOM JPMorgan U.S. Momentum Factor ETF 22.7 12 58 3.9 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 22.6 29 41 5.2 +0.0
SPMV Invesco S&P 500 Minimum Variance ETF 22.5 10 60 5.9 +0.7
SCHK Schwab 1000 Index ETF 22.5 5 65 5.3 +0.1
ACIO Aptus Collared Income Opportunity ETF 22.4 79 -9 4.4 -0.8
VONE Vanguard Russell 1000 ETF 22.4 8 62 5.3 +0.1
IYY iShares Dow Jones U.S. ETF 22.3 20 50 5.2 -0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 22.2 28 42 6.4 +1.2
IWB iShares Russell 1000 ETF 22.2 15 55 5.2 +0.0
VONG Vanguard Russell 1000 Growth Index Fund 22.2 8 62 4.2 -1.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.0 75 -5 3.8 -1.4
RECS Columbia Research Enhanced Core ETF 21.9 15 55 5.7 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 21.9 27 43 5.0 -0.2
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 21.9 60 10 3.4 -1.8
OEF iShares S&P 100 ETF 21.8 20 50 4.8 -0.4
JHML John Hancock Multifactor Large Cap ETF 21.8 29 41 5.6 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 21.8 27 43 5.7 +0.5
FTCS First Trust Capital Strength ETF 21.7 58 12 4.9 -0.3
KRMA Global X Conscious Companies ETF 21.6 43 27 5.2 0.0
RYT Invesco S&P 500 Equal Weight Technology ETF 21.6 40 30 6.8 +1.6
QLC FlexShares US Quality Large Cap Index Fund 21.6 32 38 5.4 +0.2
SCIU Global X Scientific Beta US ETF 21.5 19 51 5.8 +0.6
SCHB Schwab U.S. Broad Market ETF 21.5 3 67 5.3 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.4 3 67 5.2 0.0
SUSA iShares MSCI USA ESG Select ETF 21.4 25 45 4.8 -0.4
PFM Invesco Dividend Achievers ETF 21.4 54 16 5.5 +0.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 21.4 35 35 5.4 +0.2
VTHR Vanguard Russell 3000 Index Fund 21.3 10 60 5.1 -0.1
SNPE Xtrackers S&P 500 ESG ETF 21.3 11 59 5.1 -0.1
VTI Vanguard Total Stock Market Index Fund 21.3 3 67 5.2 -0.0

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 21.6 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.52
 
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.