First Trust Riverfront Dynamic Asia Pacific ETF
ALTAR
Score™
5.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
19.7x P/Sales
ratio
1.6x
P/BV
ratio
1.9x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust RiverFront Dynamic Asia Pacific ETF is an actively-managed fund that seeks capital appreciation from developed Asia-Pacific stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Apr 14, 2016
Assets (mns) $10
Currency USD
Expense ratio 83 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 85
Wgt avg mkt cap (mns) $43,157
Large cap (>$10bn) 72.5%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 0.0%
Developed mkts 98.4%
Emerging mkts 1.6%

TOP TEN HOLDINGS
AIA GROUP LTD 3.4 %
COMMONWEALTH BANK OF AUSTRAL 2.6 %
NINTENDO CO LTD 2.3 %
SONY CORP 2.2 %
HONG KONG EXCHANGES & CLEAR 2.1 %
FANUC LTD 1.9 %
NIDEC CORP 1.9 %
RECRUIT HOLDINGS CO LTD 1.9 %
ITOCHU CORP 1.8 %
TOYOTA MOTOR CORP 1.8 %
Total 21.8 %

TOP COUNTRY EXPOSURE
JAPAN 59.7 %
AUSTRALIA 19.1 %
HONG KONG 10.0 %
SINGAPORE 3.0 %
NEW ZEALAND 1.9 %
BRITAIN 1.0 %
UNITED STATES 0.7 %
CHINA 0.6 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.0% 6.4% -- -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.83 81%
MSCI EAFE 0.94 88%
MSCI Emg. Mkts. 0.69 75%

Technical Indicators
Recent close $50.41
30d moving avg. $49.78
Annualized volatility 16.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $5,842

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Riverfront Dynamic Asia Pacific ETF ETF based on the alternatives' overlap in portfolio holdings with RFAP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFAP Expense: 83 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFAP
Ticker Fund
Name
Overlap1
vs RFAP
(%)
Expense
ratio
(bp)
Savings
vs RFAP
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFAP
(%)
IPAC iShares Core MSCI Pacific ETF 29.8 9 74 7.1 +1.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 28.9 25 58 7.1 +1.7
JPXN iShares JPX-Nikkei 400 ETF 28.4 48 35 7.0 +1.6
QJPN SPDR MSCI Japan StrategicFactors ETF 27.6 14 69 7.4 +2.0
EWJ iShares MSCI Japan ETF 27.5 49 34 6.9 +1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 27.4 45 38 7.0 +1.6
BBJP JPMorgan BetaBuilders Japan ETF 26.6 19 64 7.2 +1.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 26.1 9 74 7.5 +2.1
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 26.1 30 53 0.0 -5.4
FLJP Franklin FTSE Japan ETF 25.6 9 74 7.4 +2.0
FLJH Franklin FTSE Japan Hedged ETF 25.6 9 74 7.4 +2.0
VPL Vanguard FTSE Pacific ETF 24.7 8 75 7.4 +2.0
EPP iShares MSCI Pacific ex-Japan ETF 24.4 48 35 6.6 +1.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 23.8 19 64 6.9 +1.5
DXJ WisdomTree Japan Hedged Equity Fund 22.1 48 35 7.9 +2.5
JPMV iShares Edge MSCI Min Vol Japan ETF 20.1 30 53 6.2 +0.8
RFDI First Trust Riverfront Dynamic Developed International ETF 20.0 83 0 5.6 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.9 35 48 6.8 +1.4
SCIJ Global X Scientific Beta Japan ETF 17.6 40 43 6.8 +1.4
IDHQ Invesco S&P International Developed Quality ETF 16.4 29 54 4.9 -0.5
FLAU Franklin FTSE Australia ETF 16.2 9 74 6.8 +1.4
EWA iShares MSCI Australia ETF 15.8 50 33 6.3 +0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 15.6 30 53 4.3 -1.1
EWJV iShares MSCI Japan Value ETF 15.4 15 68 10.0 +4.6
EFG iShares MSCI EAFE Growth ETF 15.2 40 43 4.4 -1.0
DOL WisdomTree International LargeCap Dividend Fund 14.9 48 35 8.6 +3.1
IQSI IQ Candriam ESG International Equity ETF 14.8 15 68 7.2 +1.8
QINT American Century Quality Diversified International ETF 14.6 39 44 6.0 +0.6
EWJE iShares MSCI Japan Equal Weighted ETF 14.5 15 68 7.1 +1.7
FJP First Trust Japan AlphaDEX Fund 14.4 80 3 8.5 +3.1
BKIE BNY Mellon International Equity ETF 14.3 4 79 7.3 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 14.2 40 43 6.6 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 14.2 20 63 7.1 +1.7
FIVA Fidelity International Value Factor ETF 14.0 39 44 9.6 +4.2
EFA iShares MSCI EAFE ETF 14.0 32 51 6.9 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.7 35 48 6.7 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 13.6 20 63 7.3 +1.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 63 6.9 +1.5
ESGD iShares MSCI EAFE ESG Optimized ETF 13.5 20 63 6.8 +1.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 13.3 30 53 0.0 -5.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.1 14 69 6.8 +1.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 13.0 30 53 5.9 +0.5
SCIX Global X Scientific Beta Asia ex-Japan ETF 12.9 38 45 6.6 +1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.9 7 76 7.4 +2.0
IDY Pacific Global International Equity Income ETF 12.8 39 44 7.9 +2.5
JHMD John Hancock Multifactor Developed International ETF 12.7 39 44 7.2 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.6 35 48 8.5 +3.1
QEFA SPDR MSCI EAFE Quality Mix ETF 12.4 30 53 6.7 +1.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.4 61 22 4.8 -0.6
DWM WisdomTree International Equity Fund 12.4 48 35 8.2 +2.8
IEFA iShares Core MSCI EAFE ETF 12.3 7 76 7.1 +1.7
IDMO Invesco S&P International Developed Momentum ETF 12.1 26 57 4.5 -0.9
SCHF Schwab International Equity ETF 12.0 6 77 7.2 +1.8
IQDG WisdomTree International Quality Dividend Growth Fund 11.8 42 41 6.1 +0.7
FDEV Fidelity Targeted International Factor ETF 11.8 39 44 6.3 +0.9
DTH WisdomTree DEFA Equity Income Fund 11.6 58 25 9.7 +4.3
EFV iShares MSCI EAFE Value ETF 11.6 39 44 9.5 +4.1
RBIN Nationwide Risk-Based International Equity ETF 11.6 42 41 6.0 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 11.6 58 25 6.0 +0.6
PDEV Principal International Multi-Factor Core Index ETF 11.6 25 58 7.7 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.5 25 58 6.6 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 11.4 4 79 7.0 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 11.0 5 78 7.1 +1.7
DWMF WisdomTree International Multifactor Fund 11.0 38 45 6.2 +0.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 11.0 65 18 10.7 +5.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.9 32 51 5.9 +0.5
VSGX Vanguard ESG International Stock ETF 10.8 17 66 7.0 +1.6
JPIN JPMorgan Diversified Return International Equity ETF 10.8 37 46 7.7 +2.3
VEA Vanguard FTSE Developed Markets ETF 10.7 5 78 7.3 +1.9
DOO WisdomTree International Dividend ex-Financials Fund 10.5 58 25 8.7 +3.3
CWI SPDR MSCI ACWI ex-US ETF 10.4 30 53 7.1 +1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 10.3 58 25 7.7 +2.3
ESGN Columbia Sustainable International Equity Income ETF 10.1 45 38 10.7 +5.3
DWCR Arrow DWA Country Rotation ETF 10.1 95 -12 13.9 +8.5
TPIF Timothy Plan International ETF 9.9 62 21 6.1 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.8 39 44 6.4 +1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.8 29 54 7.4 +2.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 9.8 35 48 8.5 +3.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.8 29 54 11.4 +6.0
IQDF FlexShares International Quality Dividend Index Fund 9.7 47 36 8.9 +3.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 9.7 45 38 6.5 +1.1
IDLV Invesco S&P International Developed Low Volatility ETF 9.7 25 58 6.6 +1.2
CIL VictoryShares International Volatility Weighted Index ETF 9.6 45 38 6.6 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 9.6 32 51 7.2 +1.8
FLHK Franklin FTSE Hong Kong ETF 9.6 9 74 7.9 +2.5
FNDF Schwab Fundamental International Large Co. Index ETF 9.6 25 58 8.6 +3.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.5 20 63 5.4 0.0
VEU Vanguard FTSE All-World ex-US Index Fund 9.5 8 75 7.5 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.4 40 43 7.0 +1.5
IVLU iShares Edge MSCI Intl Value Factor ETF 9.4 30 53 11.3 +5.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.1 47 36 9.0 +3.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 9.1 16 67 6.8 +1.4
EWH iShares MSCI Hong Kong ETF 8.9 49 34 6.8 +1.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.9 45 38 8.7 +3.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.8 47 36 9.0 +3.6
MVIN Natixis Seeyond International Minimum Volatility ETF 8.7 56 27 5.5 +0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.6 29 54 7.6 +2.2
IXUS ishares Core MSCI Total International Stock ETF 8.6 9 74 7.3 +1.9
IMOM Alpha Architect International Quantitative Momentum ETF 8.6 59 24 3.4 -2.1

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 Riverfront Dynamic Asia Pacific 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 11.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.59
 
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.