First Trust Value Line 100 Exchange-Traded Fund
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
1.8x
P/BV
ratio
4.3x Div.
yield
1.5%


  • 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) $37
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 100
Wgt avg mkt cap (mns) $118,144
Large cap (>$10bn) 95.6%
Mid cap ($2-10bn) 4.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 1.6 %
PROCTER & GAMBLE CO/THE 1.5 %
ADOBE SYSTEMS INC 1.4 %
COSTCO WHOLESALE CORP 1.3 %
TRACTOR SUPPLY COMPANY 1.3 %
AUTODESK INC 1.3 %
CADENCE DESIGN SYS INC 1.3 %
NVIDIA CORP 1.3 %
CHURCH & DWIGHT CO INC 1.2 %
NEWMONT MINING CORP 1.2 %
Total 13.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.0 %
IRELAND 1.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% -0.2% 3.7% 7.2% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 0.91 86%
MSCI EAFE 0.94 75%
MSCI Emg. Mkts. 0.67 61%

Technical Indicators
Recent close $22.38
30d moving avg. $22.11
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 128
Turnover 7.8%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $77,860

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
(%)
DEF Invesco Defensive Equity ETF 41.9 55 15 5.1 -0.1
SPLV Invesco S&P 500 Low Volatility ETF 40.3 25 45 5.4 +0.3
ALTL Pacer Lunt Large Cap Alternator ETF 40.3 60 10 5.1 -0.1
FLQL Franklin LibertyQ U.S. Equity ETF 33.2 15 55 6.0 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 32.1 59 11 4.2 -1.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 32.1 35 35 4.4 -0.7
SPMO Invesco S&P 500 Momentum ETF 31.7 13 57 3.9 -1.3
FDMO Fidelity Momentum Factor ETF 31.7 29 41 3.2 -2.0
GBGR Global Beta Momentum-Growth ETF 31.1 29 41 5.2 +0.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.1 15 55 4.0 -1.1
USMF WisdomTree U.S. Multifactor Fund 31.0 28 42 5.7 +0.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 30.6 25 45 5.8 +0.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 30.0 20 50 7.4 +2.2
RPG Invesco S&P 500 Pure Growth ETF 29.6 35 35 4.3 -0.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 29.4 49 21 4.9 -0.3
AFLG First Trust Active Factor Large Cap ETF 29.3 55 15 5.3 +0.1
JQUA JPMorgan U.S. Quality Factor ETF 29.0 12 58 5.2 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.8 9 61 5.4 +0.2
ROUS Hartford Multifactor US Equity ETF 28.7 19 51 6.3 +1.1
PSET Principal Price Setters Index ETF 28.6 15 55 4.8 -0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 28.1 30 40 4.5 -0.6
VFMV Vanguard U.S. Minimum Volatility ETF 28.1 13 57 4.3 -0.9
CLRG IQ Chaikin U.S. Large Cap ETF 28.1 25 45 5.7 +0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 28.0 61 9 2.6 -2.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 27.9 60 10 6.4 +1.2
PWB Invesco Dynamic Large Cap Growth ETF 27.6 56 14 3.2 -2.0
GBLO Global Beta Low Beta ETF 27.4 29 41 7.2 +2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.1 29 41 5.8 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 27.1 12 58 3.3 -1.9
USMV iShares Edge MSCI Min Vol USA ETF 26.9 15 55 5.4 +0.3
QLC FlexShares US Quality Large Cap Index Fund 26.7 32 38 5.0 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.6 12 58 4.5 -0.7
EXT WisdomTree U.S. Total Earnings Fund 26.6 28 42 5.4 +0.2
SCIU Global X Scientific Beta US ETF 26.3 19 51 0.0 -5.2
FDLO Fidelity Low Volatility Factor ETF 26.3 29 41 5.1 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.3 30 40 6.4 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 26.2 29 41 3.6 -1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.9 75 -5 3.7 -1.4
PBP Invesco S&P 500 BuyWrite ETF 25.8 49 21 4.8 -0.3
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 25.7 59 11 3.8 -1.4
HSPX Global X S&P 500 Covered Call ETF 25.7 60 10 4.8 -0.4
FQAL Fidelity Quality Factor ETF 25.4 29 41 5.3 +0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 25.4 25 45 6.1 +1.0
ESGV Vanguard ESG U.S. Stock ETF 25.4 12 58 4.9 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 25.3 17 53 6.7 +1.5
RYT Invesco S&P 500 Equal Weight Technology ETF 25.2 40 30 6.5 +1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.1 20 50 5.1 -0.0
VOOG Vanguard S&P 500 Growth ETF 25.1 10 60 4.1 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 25.1 27 43 5.1 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 25.1 15 55 5.7 +0.5
IQSU IQ Candriam ESG US Equity ETF 25.1 9 61 4.9 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 25.0 60 10 4.8 -0.3
SFY SoFi Select 500 ETF 25.0 0 70 4.9 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 24.9 27 43 4.8 -0.4
SPY SPDR S&P 500 ETF Trust 24.8 9 61 5.1 -0.0
IVV iShares Core S&P 500 ETF 24.8 3 67 5.2 +0.0
HUSV First Trust Horizon Managed Volatility Domestic ETF 24.8 70 0 5.6 +0.5
SPLG SPDR Portfolio Large Cap ETF 24.8 3 67 5.2 +0.0
NULG Nuveen ESG Large-Cap Growth ETF 24.7 35 35 3.6 -1.6
IWL iShares Russell Top 200 ETF 24.6 15 55 4.8 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 24.6 4 66 4.2 -1.0
IVW iShares S&P 500 Growth ETF 24.6 18 52 16.8 +11.6
VOO VANGUARD S&P 500 ETF 24.5 3 67 5.2 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 24.4 0 70 4.9 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 24.4 20 50 4.8 -0.4
LSLT Salt Low truBeta US Market ETF 24.4 60 10 5.7 +0.5
NULC Nuveen ESG Large-Cap ETF 24.3 20 50 4.9 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 24.3 52 18 4.9 -0.3
RNLC Large Cap US Equity Select ETF 24.2 60 10 6.0 +0.8
KRMA Global X Conscious Companies ETF 24.2 43 27 5.0 -0.2
MGC Vanguard Mega Cap Index Fund 24.1 7 63 5.0 -0.2
SYG SPDR MFS Systematic Growth Equity ETF 24.1 60 10 3.9 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 24.1 29 41 5.0 -0.2
DSI iShares MSCI KLD 400 Social ETF 24.0 25 45 5.0 -0.2
FCPI Fidelity Stocks for Inflation ETF 23.9 29 41 6.2 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 23.9 10 60 5.2 +0.0
SUSL iShares ESG MSCI USA Leaders ETF 23.8 10 60 5.2 -0.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.8 7 63 5.0 -0.2
AIEQ AI Powered Equity ETF 23.8 87 -17 2.7 -2.5
SPMV Invesco S&P 500 Minimum Variance ETF 23.7 10 60 5.6 +0.5
IUSG iShares Core S&P US Growth ETF 23.6 4 66 4.2 -0.9
KLCD KFA Large Cap Quality Dividend Index ETF 23.5 42 28 5.3 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.4 2 68 5.1 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 23.4 15 55 4.9 -0.3
DSTL Distillate US Fundamental Stability & Value ETF 23.4 39 31 5.9 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 23.4 27 43 4.8 -0.4
PBUS Invesco PureBeta MSCI USA ETF 23.3 4 66 5.0 -0.2
QDF FlexShares Quality Dividend Index Fund 23.3 37 33 5.8 +0.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 23.3 34 36 4.6 -0.6
ECOZ TrueMark ESG Active Opportunities ETF 23.2 58 12 3.5 -1.6
VV Vanguard Large-Cap Index Fund 23.2 4 66 5.0 -0.2
EFIV SPDR S&P 500 ESG ETF 23.2 10 60 4.9 -0.3
SNPE Xtrackers S&P 500 ESG ETF 23.2 10 60 4.9 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 23.1 3 67 5.3 +0.1
ACIO Aptus Collared Income Opportunity ETF 23.1 79 -9 4.2 -1.0
LSAF LeaderShares AlphaFactor US Core Equity ETF 22.9 75 -5 5.8 +0.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 22.9 35 35 5.3 +0.1
HIPR Direxion High Growth ETF 22.8 40 30 4.5 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 22.8 32 38 5.0 -0.2
RWL Invesco S&P 500 Revenue ETF 22.7 39 31 7.1 +1.9

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.2 %
Divided by: Fwd. P/BV 3.8 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
1.53 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.