First Trust NASDAQ Clean Edge Green Energy
ALTAR
Score™
1.3% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
66.0x P/Sales
ratio
2.2x
P/BV
ratio
2.7x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ Clean Edge Green Energy Index Fund seeks investment results that correspond generally to the price and yield of the NASDAQ Clean Edge U.S. Liquid Series Index, which tracks cl

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 14, 2007
Assets (mns) $132
Currency USD
Expense ratio 60 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 42
Wgt avg mkt cap (mns) $10,134
Large cap (>$10bn) 10.8%
Mid cap ($2-10bn) 70.8%
Small cap (<$2bn) 17.9%
Developed mkts 96.4%
Emerging mkts 3.6%

TOP TEN HOLDINGS
TESLA MOTORS INC 10.9 %
UNIVERSAL DISPLAY CORP 6.9 %
ON SEMICONDUCTOR CORPORATION 6.9 %
BROOKFIELD RENEWABLE PARTNERS LP 6.4 %
HEXCEL CORP 5.1 %
ACUITY BRANDS INC 3.9 %
ALBEMARLE CORP 3.8 %
CREE INC 3.8 %
LITTELFUSE INC 3.6 %
SOLAREDGE TECHNOLOGIES, INC. 3.2 %
Total 54.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.2 %
BERMUDA 6.4 %
CHINA 2.3 %
CANADA 2.1 %
BRITAIN 2.1 %
CHILE 0.7 %





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.
31.3% 18.9% 6.2% 5.6% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 1.19 72%
MSCI EAFE 1.06 47%
MSCI Emg. Mkts. 0.81 45%

Technical Indicators
Recent close $23.63
30d moving avg. $22.70
Annualized volatility 16.9%
Short interest (ETF) 0.6%
Short interest (Underlying) 8.3%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $4,051

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: QCLN Expense: 60 bp ALTAR Score™: 1.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QCLN
Ticker Fund
Name
Overlap1
vs QCLN
(%)
Expense
ratio
(bp)
Savings
vs QCLN
(bp)
ALTAR
Score™
(%)
ALTAR
vs QCLN
(%)
ACES ALPS Clean Energy 50.6 65 -5 0.6 -0.7
PBW Invesco WilderHill Clean Energy 45.3 70 -10 -1.8 -3.2
GEX VanEck Vectors Global Alternative Energy 33.9 63 -3 3.8 +2.5
XKCP SPDR Kensho Clean Power 27.7 45 15 2.8 +1.5
ICLN iShares S&P Global Clean Energy 23.9 46 14 3.7 +2.4
PBD Invesco Gbl Clean Energy 22.3 75 -15 -1.5 -2.9
TAN Invesco Global Solar Energy 19.6 70 -10 -3.2 -4.6
PZD Invesco Cleantech 19.5 68 -8 4.6 +3.3
BOON NYSE Pickens Oil Response 15.6 85 -25 3.4 +2.1
XSD SPDR S&P Semiconductors 14.3 35 25 4.8 +3.5
LIT Global X Lithium & Battery Tech ETF 13.8 75 -15 4.8 +3.5
YLCO Global X YieldCo & Renewable Energy Income 12.5 65 -5 4.5 +3.2
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure 11.0 70 -10 4.9 +3.6
ARKQ ARK Industrial Innovation 10.9 75 -15 0.8 -0.5
ARKW ARK Web x.O 10.4 75 -15 -0.8 -2.1
XKII SPDR Kensho Intelligent Structures 10.2 45 15 6.3 +5.0
KOMP SPDR Kensho New Economies Composite 9.8 20 40 3.7 +2.4
ARKK ARK Innovation 9.7 75 -15 -4.4 -5.7
XKST SPDR Kensho Smart Mobility 9.3 45 15 5.8 +4.4
GMAN Goldman Sachs Motif Manufacturing Revolution 9.0 50 10 4.7 +3.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Green Energy
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 5.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 1.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.