First Trust Value Line 100
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.5x
P/BV
ratio
2.9x 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) $40
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 98
Wgt avg mkt cap (mns) $54,040
Large cap (>$10bn) 63.8%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 13.6%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
AUDIOCODES LTD 1.4 %
TYLER TECHNOLOGIES INC 1.3 %
WEST PHARMACEUTICAL SERVICES 1.3 %
CROWN CASTLE INTL CORP 1.3 %
COPART INC 1.3 %
TELEDYNE TECHNOLOGIES INC 1.3 %
ZOETIS INC 1.3 %
MICROSOFT CORP 1.2 %
SBA COMMUNICATIONS CORP. CLASS A 1.2 %
FRANCO-NEVADA CORP 1.2 %
Total 12.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 79.5 %
CANADA 7.2 %
BERMUDA 4.1 %
IRELAND 2.9 %
BRITAIN 2.1 %
ISRAEL 1.4 %
TAIWAN 1.0 %
JAPAN 0.9 %
SWITZERLAND 0.9 %


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.
0.6% 15.4% 3.8% 9.4% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.85 69%
MSCI EAFE 0.77 46%
MSCI Emg. Mkts. 0.50 34%

Technical Indicators
Recent close $23.76
30d moving avg. $23.20
Annualized volatility 12.5%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $16,634

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Value Line 100 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™: 4.0%


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 21.4 25 45 4.9 +0.8
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 21.4 52 18 6.6 +2.6
JMIN JPMorgan U.S. Minimum Volatility 20.0 12 58 5.3 +1.2
KLCD KFA Large Cap Quality Dividend Index 19.7 41 29 5.0 +0.9
AFLG First Trust Active Factor Large Cap 19.2 55 15 6.2 +2.2
LSLT Salt Low truBeta US Market 18.6 0 70 6.3 +2.2
USMV iShares MSCI USA Minimum Volatility 18.2 15 55 4.9 +0.9
MTUM iShares MSCI USA Momentum Factor 17.5 15 55 4.1 +0.1
LGLV SPDR Russell 1000 Low Volatility 16.9 12 58 4.9 +0.8
FCTR First Trust Lunt U.S. Factor Rotation 16.8 65 5 6.4 +2.3
DEF Invesco Defensive Equity 16.6 59 11 4.6 +0.6
HUSV First Trust Horizon Managed Volatility Domestic 16.2 70 0 4.6 +0.6
NFO Invesco Insider Sentiment 16.0 66 4 4.3 +0.3
PDP Invesco DWA Technical Leaders 16.0 62 8 3.1 -1.0
RBUS Nationwide Risk-Based U.S. Equity 16.0 30 40 5.4 +1.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 15.1 75 -5 3.8 -0.3
VFMV Vanguard U.S. Minimum Volatility 14.8 13 57 4.9 +0.9
SPMO Invesco S&P 500 Momentum Portfolio 14.6 13 57 4.0 -0.0
DYNF BlackRock U.S. Equity Factor Rotation 14.5 30 40 6.3 +2.3
FDMO Fidelity Momentum Factor 14.5 29 41 3.9 -0.2

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

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 Value Line 100
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 13.4 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.
 

 

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.