First Trust Riverfront Dynamic Asia Pacific
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.6x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
3.0%


  • 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 13, 2016
Assets (mns) $27
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 172
Wgt avg mkt cap (mns) $38,228
Large cap (>$10bn) 68.6%
Mid cap ($2-10bn) 23.6%
Small cap (<$2bn) 7.8%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 2.5 %
AIA GROUP LTD 2.2 %
COMMONWEALTH BANK OF AUSTRAL 1.9 %
TAKEDA PHARMACEUTICAL CO LTD 1.6 %
KEYENCE CORP 1.5 %
WESTPAC BANKING CORP 1.5 %
SONY CORP 1.4 %
KDDI CORPORATION 1.4 %
NATIONAL AUSTRALIA BANK LTD 1.3 %
SOFTBANK GROUP CORP. 1.3 %
Total 16.6 %

TOP COUNTRY EXPOSURE
JAPAN 69.5 %
AUSTRALIA 16.4 %
HONG KONG 7.2 %
SINGAPORE 3.7 %
CHINA 1.3 %
BERMUDA 0.5 %
NEW ZEALAND 0.4 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.9% 3.2% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.90 73%
MSCI EAFE 1.02 78%
MSCI Emg. Mkts. 0.78 75%

Technical Indicators
Recent close $53.19
30d moving avg. $51.99
Annualized volatility 12.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $12,405

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Riverfront Dynamic Asia Pacific 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™: 7.3%


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 47.9 9 74 7.5 +0.2
QJPN SPDR MSCI Japan Quality Mix 43.8 14 69 8.1 +0.8
EWJ iShares MSCI Japan 43.7 47 36 7.7 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan 43.4 30 53 7.8 +0.5
FLJP Franklin FTSE Japan 43.2 9 74 8.1 +0.8
DBJP Xtrackers MSCI Japan Hedged 43.2 45 38 7.7 +0.4
FLJH Franklin FTSE Japan Hedged 43.1 9 74 8.0 +0.7
VPL Vanguard Pacific ETF 43.0 9 74 7.8 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity 42.9 25 58 7.8 +0.5
BBJP JPMorgan BetaBuilders Japan 42.6 19 64 7.9 +0.6
JPXN iShares JPX-Nikkei 400 41.9 48 35 7.7 +0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity 41.9 9 74 8.1 +0.8
RFDI First Trust Riverfront Dynamic Developed Int'l 39.5 83 0 6.6 -0.7
DXJ WisdomTree Japan Hedged Equity 31.6 48 35 8.7 +1.4
EWJV iShares MSCI Japan Value 29.1 15 68 10.1 +2.8
JPMV iShares MSCI Japan Min Volatility 28.5 30 53 6.7 -0.6
EWJE iShares MSCI Japan Equal Weighted 28.0 15 68 7.3 +0.0
SCIJ Global X Scientific Beta Japan 26.9 39 44 7.0 -0.3
EPP iShares MSCI Pacific ex-Japan 24.1 48 35 6.3 -1.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 23.9 19 64 6.5 -0.8

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 Riverfront Dynamic Asia Pacific
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.63
 
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.