First Trust Riverfront Dynamic Asia Pacific ETF
ALTAR
Score™
7.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.0x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
2.9%


  • 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) $12
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 140
Wgt avg mkt cap (mns) $38,407
Large cap (>$10bn) 72.5%
Mid cap ($2-10bn) 22.5%
Small cap (<$2bn) 5.0%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
CSL LIMITED 2.4 %
TOYOTA MOTOR CORP 2.3 %
KEYENCE CORP 2.0 %
COMMONWEALTH BANK OF AUSTRAL 1.9 %
SONY CORP 1.8 %
AIA GROUP LTD 1.7 %
KDDI CORPORATION 1.7 %
DAIICHI SANKYO CO LTD 1.6 %
RECRUIT HOLDINGS CO LTD 1.5 %
TOKYO ELECTRON LTD 1.5 %
Total 18.4 %

TOP COUNTRY EXPOSURE
JAPAN 65.0 %
AUSTRALIA 18.3 %
HONG KONG 5.3 %
SINGAPORE 3.0 %
NEW ZEALAND 1.5 %
UNITED STATES 1.0 %
CHINA 0.9 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.6% -12.0% -- -- -0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.84 81%
MSCI EAFE 0.92 86%
MSCI Emg. Mkts. 0.72 80%

Technical Indicators
Recent close $46.56
30d moving avg. $44.04
Annualized volatility 15.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $13,872

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™: 7.6%


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 43.0 9 74 8.0 +0.5
EWJ iShares MSCI Japan ETF 41.2 49 34 7.9 +0.4
QJPN SPDR MSCI Japan StrategicFactors ETF 41.2 14 69 8.5 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 40.6 45 38 8.0 +0.4
JPXN iShares JPX-Nikkei 400 ETF 40.3 48 35 7.9 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 40.2 30 53 8.1 +0.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 40.1 9 74 8.4 +0.8
FLJP Franklin FTSE Japan ETF 40.1 9 74 8.3 +0.8
BBJP JPMorgan BetaBuilders Japan ETF 39.9 19 64 8.2 +0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 39.8 25 58 8.1 +0.5
FLJH Franklin FTSE Japan Hedged ETF 39.7 9 74 8.3 +0.7
VPL Vanguard FTSE Pacific ETF 39.4 8 75 8.4 +0.8
JPMV iShares Edge MSCI Min Vol Japan ETF 28.3 30 53 7.3 -0.3
DXJ WisdomTree Japan Hedged Equity Fund 28.0 48 35 8.9 +1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 27.7 83 0 6.8 -0.8
SCIJ Global X Scientific Beta Japan ETF 24.4 39 44 7.6 0.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 24.2 19 64 7.6 +0.0
EPP iShares MSCI Pacific ex-Japan ETF 24.0 48 35 7.4 -0.1
EWJV iShares MSCI Japan Value ETF 23.9 15 68 11.6 +4.1
EWJE iShares MSCI Japan Equal Weighted ETF 23.8 15 68 7.5 -0.0
DOL WisdomTree International LargeCap Dividend Fund 22.5 48 35 9.1 +1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 22.0 30 53 5.2 -2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.1 14 69 7.4 -0.2
IQSI IQ Candriam ESG International Equity ETF 20.1 15 68 7.8 +0.3
EFA iShares MSCI EAFE ETF 20.1 32 51 7.7 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 19.8 20 63 7.7 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 19.7 20 63 8.1 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.6 35 48 7.5 -0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 19.6 30 53 12.0 +4.5
ESGD iShares MSCI EAFE ESG Optimized ETF 19.6 20 63 7.7 +0.2
EFV iShares MSCI EAFE Value ETF 19.5 39 44 10.8 +3.2
DWM WisdomTree International Equity Fund 19.0 48 35 8.8 +1.3
EFG iShares MSCI EAFE Growth ETF 18.9 40 43 5.0 -2.6
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 18.8 43 40 9.5 +2.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.6 7 76 8.1 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.6 35 48 9.1 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 18.5 30 53 7.2 -0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 17.9 48 35 0.0 -7.6
IDY Pacific Global International Equity Income ETF 17.7 39 44 9.4 +1.8
JHMD John Hancock Multifactor Developed International ETF 17.6 45 38 8.0 +0.4
FLAU Franklin FTSE Australia ETF 17.6 9 74 7.1 -0.5
IEFA iShares Core MSCI EAFE ETF 17.5 7 76 7.8 +0.2
EWA iShares MSCI Australia ETF 17.5 50 33 6.8 -0.8
RBIN Nationwide Risk-Based International Equity ETF 17.4 42 41 6.8 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 17.4 40 43 7.3 -0.3
SCHF Schwab International Equity ETF 17.2 6 77 7.9 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 16.8 25 58 9.4 +1.8
FIVA Fidelity International Value Factor ETF 16.7 39 44 11.1 +3.5
IDLV Invesco S&P International Developed Low Volatility ETF 16.7 25 58 7.2 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.5 39 44 7.1 -0.5
PDEV Principal International Multi-Factor Core Index ETF 16.4 25 58 8.4 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 16.4 4 79 7.7 +0.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 16.2 48 35 10.1 +2.5
JPGE JPMorgan Diversified Return Global Equity ETF 16.1 29 54 7.8 +0.2
JPIN JPMorgan Diversified Return International Equity ETF 16.0 38 45 8.5 +0.9
DWMF WisdomTree International Multifactor Fund 15.9 38 45 7.2 -0.3
IDMO Invesco S&P International Developed Momentum ETF 15.9 25 58 4.9 -2.7
IDHQ Invesco S&P International Developed High Quality ETF 15.8 29 54 5.6 -1.9
IQIN IQ 500 International ETF 15.8 25 58 9.9 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 15.8 5 78 7.8 +0.2
CWI SPDR MSCI ACWI ex-US ETF 15.7 30 53 8.1 +0.5
TPIF Timothy Plan International ETF 15.4 62 21 7.5 -0.1
FDEV Fidelity Targeted International Factor ETF 15.3 39 44 6.9 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 15.2 32 51 6.8 -0.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.2 80 3 6.3 -1.2
VEA Vanguard FTSE Developed Markets ETF 15.1 5 78 8.0 +0.4
FJP First Trust Japan AlphaDEX Fund 15.0 80 3 10.0 +2.4
ESGN Columbia Sustainable International Equity Income ETF 15.0 45 38 11.8 +4.3
QINT American Century Quality Diversified International ETF 14.9 39 44 6.3 -1.3
CIL VictoryShares International Volatility Weighted Index ETF 14.8 45 38 7.2 -0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.8 45 38 9.6 +2.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.7 30 53 6.6 -1.0
DTH WisdomTree DEFA Equity Income Fund 14.6 58 25 10.3 +2.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.6 25 58 7.3 -0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 14.6 29 54 8.5 +1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 14.3 35 48 9.1 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 14.0 32 51 8.0 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.0 16 67 7.5 -0.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 14.0 29 54 13.0 +5.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 14.0 29 54 9.2 +1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 14.0 20 63 6.1 -1.5
VSGX Vanguard ESG International Stock ETF 13.8 17 66 7.9 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.5 40 43 7.9 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 13.4 8 75 8.3 +0.7
VYMI Vanguard International High Dividend Yield ETF 13.4 32 51 10.8 +3.3
SCIX Global X Scientific Beta Asia ex-Japan ETF 13.3 38 45 7.2 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 13.2 38 45 6.7 -0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.9 58 25 6.6 -0.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 12.5 30 53 7.8 +0.2
DOO WisdomTree International Dividend ex-Financials Fund 12.2 58 25 9.3 +1.8
IXUS ishares Core MSCI Total International Stock ETF 12.2 9 74 8.1 +0.5
VXUS Vanguard Total International Stock Index Fund 12.1 8 75 8.3 +0.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.0 61 22 5.3 -2.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 11.9 47 36 13.4 +5.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.9 39 44 9.8 +2.2
DNL WisdomTree Global ex-US Dividend Growth Fund 11.9 58 25 8.2 +0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 11.6 30 53 7.5 -0.1
FIDI Fidelity International High Dividend ETF 11.4 39 44 11.8 +4.3
FAUS First Trust Australia AlphaDEX Fund 11.0 80 3 8.1 +0.5

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.58
 
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.