First Trust Riverfront Dynamic Developed Int'l
ALTAR
Score™
6.4% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
14.8x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust RiverFront Dynamic Developed International ETF is an actively-managed fund that seeks capital appreciation from developed-country stocks (including the US) 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) $230
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 301
Wgt avg mkt cap (mns) $65,704
Large cap (>$10bn) 76.7%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 5.1%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
NESTLE SA-REG 2.5 %
ROCHE HOLDING AG-GENUSSCHEIN 1.8 %
NOVARTIS AG-REG 1.6 %
BP PLC 1.2 %
TOYOTA MOTOR CORP 1.1 %
GLAXOSMITHKLINE PLC 1.1 %
AIA GROUP LTD 0.9 %
ASTRAZENECA PLC 0.8 %
ENEL SPA 0.8 %
HSBC HOLDINGS PLC 0.8 %
Total 12.6 %

TOP COUNTRY EXPOSURE
JAPAN 27.5 %
BRITAIN 16.3 %
SWITZERLAND 9.0 %
FRANCE 7.5 %
GERMANY 7.4 %
AUSTRALIA 6.6 %
SWEDEN 5.0 %
NETHERLANDS 3.7 %
ITALY 3.3 %
HONG KONG 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.4% 20.4% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.88 69%
MSCI EAFE 1.12 94%
MSCI Emg. Mkts. 0.78 77%

Technical Indicators
Recent close $59.82
30d moving avg. $59.88
Annualized volatility 12.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $20,777

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the First Trust Riverfront Dynamic Developed Int'l ETF based on the alternatives' overlap in portfolio holdings with RFDI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFDI Expense: 83 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFDI
Ticker Fund
Name
Overlap1
vs RFDI
(%)
Expense
ratio
(bp)
Savings
vs RFDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFDI
(%)
RFEU First Trust Riverfront Dynamic Europe 58.8 83 0 6.0 -0.4
EFA iShares MSCI EAFE 49.2 31 52 6.7 +0.3
DBEF Xtrackers MSCI EAFE Hedged 48.0 35 48 6.6 +0.2
HFXI IQ 50 Percent Hedged FTSE Int'l 46.8 20 63 7.0 +0.6
DOL WisdomTree Int'l Large Cap Dividend 46.6 48 35 7.6 +1.2
PBDM Invesco PureBeta FTSE Developed ex-North America 46.1 7 76 7.3 +0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free 46.1 20 63 6.8 +0.4
ESGD iShares MSCI EAFE ESG Optimized 45.1 20 63 6.7 +0.3
IEFA iShares Core MSCI EAFE 44.3 7 76 6.9 +0.5
IQSI IQ Candriam ESG International Equity ETF 43.7 15 68 6.7 +0.3
DWM WisdomTree DEFA Fund 43.5 48 35 7.5 +1.1
SCHF Schwab International Equity 43.4 6 77 7.1 +0.8
JHMD John Hancock Multifactor Developed International 43.2 45 38 7.0 +0.7
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 43.1 35 48 7.7 +1.3
QEFA SPDR MSCI EAFE Quality Mix 42.8 30 53 6.4 +0.1
PDEV Principal International Multi-Factor Core Index 41.3 25 58 6.5 +0.1
IDEV iShares Core MSCI Int'l Developed Markets 41.1 5 78 6.9 +0.5
SPDW SPDR Portfolio World ex-US 40.4 4 79 6.9 +0.6
VEA Vanguard Europe Pacific 39.6 5 78 7.1 +0.7

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

  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 Developed Int'l
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 10.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.