First Trust Index Digital Transaction & Process Technology ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.3x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield, before fees and expenses, of an index called the Indxx Blockchain Index.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jan 24, 2018
Assets (mns) $42
Currency USD
Expense ratio 65 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $128,606
Large cap (>$10bn) 96.6%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.0%
Developed mkts 78.9%
Emerging mkts 21.1%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 2.4 %
NVIDIA CORP 2.1 %
FUJITSU LTD 1.9 %
MICROSOFT CORP 1.7 %
JD.COM INC-ADR 1.7 %
TAIWAN SEMICONDUCTOR-SP ADR 1.7 %
WORLDLINE SA 1.6 %
LONDON STOCK EXCHANGE GROUP 1.6 %
INTEL CORP 1.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.6 %
Total 18.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 34.5 %
CHINA 7.8 %
FRANCE 7.6 %
INDIA 6.6 %
JAPAN 5.6 %
SWITZERLAND 5.4 %
GERMANY 4.1 %
BRITAIN 3.9 %
SOUTH KOREA 3.1 %
SPAIN 3.0 %

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.
-1.1% 15.7% -- -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 92%
MSCI EAFE 1.08 83%
MSCI Emg. Mkts. 0.80 71%

Technical Indicators
Recent close $30.06
30d moving avg. $32.67
Annualized volatility 14.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $49,630

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Index Digital Transaction & Process Technology ETF ETF based on the alternatives' overlap in portfolio holdings with LEGR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LEGR Expense: 65 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LEGR
Ticker Fund
Name
Overlap1
vs LEGR
(%)
Expense
ratio
(bp)
Savings
vs LEGR
(bp)
ALTAR
Score™
(%)
ALTAR
vs LEGR
(%)
BLCN Reality Shares Nasdaq NextGen Economy ETF 42.8 68 -3 5.1 -1.6
KOIN Innovation Shares NextGen Protocol ETF 26.7 95 -30 4.6 -2.1
BLOK Amplify Transformational Data Sharing ETF 24.5 70 -5 4.3 -2.5
GDAT Goldman Sachs Motif Data-Driven World Etf 23.9 50 15 6.3 -0.4
XNTK SPDR Morgan Stanley Technology ETF 22.9 35 30 4.6 -2.1
RYT Invesco S&P 500 Equal Weight Technology ETF 21.8 40 25 6.8 +0.1
DGT SPDR Global Dow ETF 21.6 50 15 7.2 +0.5
IXN iShares Global Tech ETF 20.6 46 19 5.4 -1.3
AIQ Global X Future Analytics Tech ETF 20.5 68 -3 4.8 -1.9
FONE First Trust Indxx NextG ETF 19.5 70 -5 6.4 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.2 12 53 5.6 -1.1
QTUM Defiance Quantum ETF 19.1 40 25 6.3 -0.4
IGM iShares North American Tech ETF 19.0 46 19 4.6 -2.1
IETC iShares Evolved U.S. Technology ETF 18.8 18 47 4.7 -2.0
XLK Technology Select Sector SPDR Fund 18.6 13 52 5.6 -1.1
VGT Vanguard Information Technology Index Fund 18.3 10 55 5.4 -1.3
FTEC Fidelity MSCI Information Technology Index ETF 18.3 8 57 5.4 -1.3
EQWL Invesco Russell Top 200 Equal Weight ETF 18.2 25 40 6.5 -0.3
DRIV Global X Autonomous & Electric Vehicles ETF 17.3 68 -3 7.2 +0.5
OEF iShares S&P 100 ETF 16.9 20 45 5.6 -1.1

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 Index Digital Transaction & Process Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.