First Trust NASDAQ Clean Edge Smart Grid Infrastructure
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
24.6x P/Sales
ratio
1.4x
P/BV
ratio
2.7x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund investment results that correspond generally to the price and yield of an equity index called the NASDAQ OMX Clean Edge S

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Nov 17, 2009
Assets (mns) $34
Currency USD
Expense ratio 70 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 56
Wgt avg mkt cap (mns) $32,984
Large cap (>$10bn) 50.4%
Mid cap ($2-10bn) 38.1%
Small cap (<$2bn) 11.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
SCHNEIDER ELECTRIC SA 8.1 %
TERNA SPA 8.0 %
PRYSMIAN SPA 7.8 %
RED ELECTRICA CORP. SA 7.5 %
APTIV PLC 7.3 %
ENPHASE ENERGY INC 5.4 %
SOLAREDGE TECHNOLOGIES, INC. 4.8 %
ADVANCED ENERGY INDUSTRIES 4.3 %
ITRON INC 4.1 %
NVENT ELECTRIC PLC 3.9 %
Total 61.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.1 %
ITALY 16.7 %
FRANCE 8.5 %
IRELAND 8.3 %
SPAIN 7.5 %
SWITZERLAND 4.5 %
BRITAIN 4.5 %
JAPAN 3.2 %
GERMANY 3.1 %
CANADA 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
42.8% 42.8% 10.3% 6.7% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.14 67%
MSCI EAFE 1.24 65%
MSCI Emg. Mkts. 0.87 55%

Technical Indicators
Recent close $56.39
30d moving avg. $55.07
Annualized volatility 16.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $12,227

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF based on the alternatives' overlap in portfolio holdings with GRID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GRID Expense: 70 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GRID
Ticker Fund
Name
Overlap1
vs GRID
(%)
Expense
ratio
(bp)
Savings
vs GRID
(bp)
ALTAR
Score™
(%)
ALTAR
vs GRID
(%)
PBW Invesco WilderHill Clean Energy 15.5 70 0 -1.2 -5.9
GMAN Goldman Sachs Motif Manufacturing Revolution 14.4 50 20 4.4 -0.3
SNSR Global X Internet of Things Thematic 14.1 68 2 5.0 +0.3
PZD Invesco Cleantech 13.4 68 2 4.4 -0.4
IDRV iShares Self-driving EV & Tech 12.0 47 23 8.2 +3.5
TAN Invesco Global Solar Energy 11.8 70 0 -1.4 -6.1
QCLN First Trust NASDAQ Clean Edge Green Energy 11.7 60 10 1.2 -3.5
ACES ALPS Clean Energy 11.4 65 5 0.4 -4.3
DRIV Global X Autonomous & Electric Vehicles 10.0 68 2 6.9 +2.2
ICLN iShares S&P Global Clean Energy 9.9 46 24 3.4 -1.3
XKII SPDR Kensho Intelligent Structures 9.4 45 25 5.9 +1.2
XKST SPDR Kensho Smart Mobility 9.3 45 25 3.8 -0.9
XNTK SPDR NYSE Technology 9.3 35 35 4.7 0.0
TDV ProShares S&P Technology Dividend Aristocrats 9.1 45 25 4.9 +0.2
BLCN Reality Shares NASDAQ NextGen Economy 8.6 68 2 5.1 +0.4
XKCP SPDR Kensho Clean Power 8.5 45 25 -9.8 -14.5
XLK Technology Select Sector SPDR 8.3 13 57 5.0 +0.3
IYW iShares US Technology 8.3 42 28 4.6 -0.1
VGT Vanguard Info Tech ETF 8.2 10 60 4.9 +0.2
FTEC Fidelity MSCI Info Technology 8.2 8 62 4.9 +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

  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

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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 NASDAQ Clean Edge Smart Grid Infrastructure
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 2.5 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.55
 
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.