First Trust Multi-Manager Large Growth ETF
ALTAR
Score™
2.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
52.4x P/Sales
ratio
5.3x
P/BV
ratio
8.7x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
MMLG is actively managed to invest in US large cap growth stocks. Stock selections are made by two portfolio managers.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jul 21, 2020
Assets (mns) $2
Currency USD
Expense ratio 85 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 93
Wgt avg mkt cap (mns) $395,840
Large cap (>$10bn) 92.3%
Mid cap ($2-10bn) 4.3%
Small cap (<$2bn) 0.0%
Developed mkts 95.8%
Emerging mkts 4.2%

TOP TEN HOLDINGS
AMAZON.COM INC 5.6 %
MICROSOFT CORP 5.1 %
FACEBOOK 3.9 %
SEA LTD. (SINGAPORE) SPONSORED ADR 3.8 %
SERVICENOW INC 3.7 %
VISA INC-CLASS A SHARES 3.6 %
SQUARE, INC. CLASS A 3.5 %
NETFLIX INC 3.5 %
ADOBE SYSTEMS INC 3.3 %
MATCH GROUP, INC. 2.9 %
Total 38.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
SINGAPORE 3.9 %
BRITAIN 0.9 %
SWITZERLAND 0.4 %
ISRAEL 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.1% -- -- -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $22.91
30d moving avg. $22.05
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $83,431

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Multi-Manager Large Growth ETF ETF based on the alternatives' overlap in portfolio holdings with MMLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MMLG Expense: 85 bp ALTAR Score™: 2.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MMLG
Ticker Fund
Name
Overlap1
vs MMLG
(%)
Expense
ratio
(bp)
Savings
vs MMLG
(bp)
ALTAR
Score™
(%)
ALTAR
vs MMLG
(%)
MGK Vanguard Mega Cap Growth ETF 41.6 7 78 3.9 +1.8
JKE iShares Morningstar Large-Cap Growth ETF 41.5 25 60 2.9 +0.8
IWF iShares Russell 1000 Growth ETF 41.2 19 66 3.6 +1.6
IWY iShares Russell Top 200 Growth ETF 41.0 20 65 3.8 +1.8
VONG Vanguard Russell 1000 Growth Index Fund 40.6 8 77 3.8 +1.7
VUG Vanguard Growth Index Fund 40.6 4 81 3.7 +1.7
SCHG Schwab U.S. Large-Cap Growth ETF 40.5 4 81 3.4 +1.3
VOOG Vanguard S&P 500 Growth ETF 40.4 10 75 4.1 +2.1
ESGV Vanguard ESG U.S. Stock ETF 40.1 12 73 4.7 +2.7
IVW iShares S&P 500 Growth ETF 39.7 18 67 4.1 +2.0
SPYG SPDR Portfolio S&P 500 Growth ETF 39.7 4 81 4.2 +2.2
IWL iShares Russell Top 200 ETF 39.2 15 70 4.6 +2.6
BKLC BNY Mellon US Large Cap Core Equity ETF 38.8 0 85 4.8 +2.8
TECB iShares US Tech Breakthrough Multisector ETF 38.8 40 45 3.9 +1.8
IUSG iShares Core S&P US Growth ETF 38.7 4 81 4.2 +2.2
IGM iShares Expanded Tech Sector ETF 38.7 46 39 3.6 +1.5
MGC Vanguard Mega Cap Index Fund 38.5 7 78 4.8 +2.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.3 60 25 3.8 +1.8
TMFC Motley Fool 100 Index ETF 38.2 50 35 3.2 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 37.8 12 73 4.2 +2.2
SPXN ProShares S&P 500 Ex-Financials ETF 37.7 27 58 4.6 +2.6
OEF iShares S&P 100 ETF 37.5 20 65 4.5 +2.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 36.4 20 65 4.6 +2.6
IETC iShares Evolved U.S. Technology ETF 36.2 18 67 3.6 +1.6
PBP Invesco S&P 500 BuyWrite ETF 36.2 49 36 4.7 +2.7
HSPX Global X S&P 500 Covered Call ETF 36.0 60 25 4.7 +2.6
SPXE ProShares S&P 500 Ex-Energy ETF 35.8 27 58 4.9 +2.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.8 20 65 5.0 +3.0
EFIV SPDR S&P 500 ESG ETF 35.8 10 75 4.8 +2.7
SNPE Xtrackers S&P 500 ESG ETF 35.8 10 75 4.8 +2.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 35.7 7 78 4.8 +2.8
XLG Invesco S&P 500 Top 50 ETF 35.6 20 65 4.3 +2.3
XYLG Global X S&P 500 Covered Call & Growth ETF 35.6 60 25 4.7 +2.6
SPY SPDR S&P 500 ETF Trust 35.4 9 76 5.0 +3.0
IVV iShares Core S&P 500 ETF 35.4 3 82 5.1 +3.0
SPLG SPDR Portfolio Large Cap ETF 35.4 3 82 5.1 +3.0
VOO VANGUARD S&P 500 ETF 35.0 3 82 5.1 +3.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.9 2 83 4.9 +2.8
VV Vanguard Large-Cap Index Fund 34.8 4 81 4.8 +2.8
PBUS Invesco PureBeta MSCI USA ETF 34.8 4 81 4.8 +2.8
ESGU iShares MSCI USA ESG Optimized ETF 34.5 15 70 4.7 +2.7
SPXV ProShares S&P 500 Ex-Health Care ETF 34.3 27 58 4.6 +2.6
SFY SoFi Select 500 ETF 34.2 0 85 4.8 +2.7
SCHX Schwab U.S. Large-Cap ETF 34.1 3 82 4.8 +2.8
LRGE ClearBridge Large Cap Growth ESG ETF 33.7 59 26 3.6 +1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.6 9 76 5.3 +3.2
FDMO Fidelity Momentum Factor ETF 33.6 29 56 3.2 +1.1
IQSU IQ Candriam ESG US Equity ETF 33.6 9 76 4.8 +2.7
IWB iShares Russell 1000 ETF 33.5 15 70 4.7 +2.7
SCHK Schwab 1000 Index ETF 33.5 5 80 4.8 +2.8
HIPR Direxion High Growth ETF 33.4 40 45 4.4 +2.3
CATH Global X S&P 500 Catholic Values Custom ETF 33.3 29 56 4.7 +2.7
MTUM iShares MSCI USA Momentum Factor ETF 33.3 15 70 4.0 +2.0
IYY iShares Dow Jones U.S. ETF 33.2 20 65 4.7 +2.6
SPTM SPDR Portfolio Total Stock Market ETF 33.1 3 82 5.1 +3.1
WOMN Impact Shares YWCA Women's Empowerment ETF 32.9 75 10 3.9 +1.8
VTHR Vanguard Russell 3000 Index Fund 32.6 10 75 4.7 +2.6
IWV iShares Russell 3000 ETF 31.8 20 65 4.6 +2.5
SCHB Schwab U.S. Broad Market ETF 31.7 3 82 4.7 +2.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.6 3 82 4.7 +2.7
VEGN US Vegan Climate ETF 31.4 60 25 4.7 +2.7
QYLD Global X NASDAQ 100 Covered Call ETF 31.3 60 25 3.4 +1.3
SPMO Invesco S&P 500 Momentum ETF 31.2 13 72 4.0 +1.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 31.2 60 25 3.4 +1.4
NUSI Nationwide Risk-Managed Income ETF 31.1 68 17 3.6 +1.5
QQQM Invesco NASDAQ 100 ETF 31.1 15 70 3.8 +1.7
QQQ Invesco QQQ Trust 31.1 20 65 3.7 +1.7
PLAT WisdomTree Modern Tech Platforms Fund 31.0 20 65 1.4 -0.6
CACG ClearBridge All Cap Growth ETF 31.0 54 31 4.1 +2.0
VONE Vanguard Russell 1000 ETF 31.0 8 77 4.8 +2.8
VTI Vanguard Total Stock Market Index Fund 30.9 3 82 4.7 +2.7
ESG FlexShares STOXX US ESG Impact Index Fund 30.7 32 53 4.8 +2.7
JMOM JPMorgan U.S. Momentum Factor ETF 30.6 12 73 3.2 +1.2
PWB Invesco Dynamic Large Cap Growth ETF 30.2 56 29 3.3 +1.2
SPQQ Siren Large Cap Blend Index ETF 30.1 20 65 4.5 +2.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.0 15 70 5.9 +3.9
ECOZ TrueMark ESG Active Opportunities ETF 29.9 58 27 3.3 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 29.2 21 64 2.9 +0.8
DFAU Dimensional US Core Equity Market ETF 29.1 12 73 5.0 +3.0
SYG SPDR MFS Systematic Growth Equity ETF 29.0 60 25 4.1 +2.0
EXT WisdomTree U.S. Total Earnings Fund 28.9 28 57 5.2 +3.2
DSI iShares MSCI KLD 400 Social ETF 28.4 25 60 4.8 +2.8
ADME Aptus Drawdown Managed Equity ETF 28.4 79 6 3.5 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 27.7 75 10 4.6 +2.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 27.7 49 36 3.9 +1.9
KRMA Global X Conscious Companies ETF 27.6 43 42 4.8 +2.8
JHML John Hancock Multifactor Large Cap ETF 27.5 29 56 5.1 +3.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.5 75 10 4.0 +1.9
RFFC RiverFront Dynamic US Flex-Cap ETF 27.4 52 33 4.7 +2.6
MILN Global X Millennials Thematic ETF 27.4 50 35 2.1 +0.1
QLC FlexShares US Quality Large Cap Index Fund 26.7 32 53 4.9 +2.9
QUAL iShares MSCI Usa Quality Factor ETF 26.7 15 70 5.1 +3.1
GVIP Goldman Sachs Hedge Industry VIP ETF 26.4 45 40 3.5 +1.4
PNQI Invesco NASDAQ Internet ETF 26.4 60 25 1.2 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 26.2 9 76 5.3 +3.2
XNTK SPDR NYSE Technology ETF 26.2 35 50 3.2 +1.2
TOK iShares MSCI Kokusai ETF 26.1 25 60 5.2 +3.1
SPXT ProShares S&P 500 Ex-Technology ETF 26.1 27 58 5.2 +3.2
EPS WisdomTree U.S. Earnings 500 Fund 26.1 8 77 6.0 +4.0
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 26.0 59 26 3.8 +1.7

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 Multi-Manager Large Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.3 %
Divided by: Fwd. P/BV 7.4 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.49
 
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.