First Trust Riverfront Dynamic Developed International ETF
ALTAR
Score™
5.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
2.0x
P/BV
ratio
2.9x Div.
yield
2.2%


  • 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 14, 2016
Assets (mns) $152
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 125
Wgt avg mkt cap (mns) $65,240
Large cap (>$10bn) 78.5%
Mid cap ($2-10bn) 20.5%
Small cap (<$2bn) 1.0%
Developed mkts 98.8%
Emerging mkts 1.3%

TOP TEN HOLDINGS
ASML HOLDING NV 2.6 %
ROCHE HOLDING AG-GENUSSCHEIN 2.5 %
NESTLE SA-REG 2.3 %
NOVARTIS AG-REG 2.0 %
PARTNERS GROUP HOLDING AG 1.7 %
SONY CORP 1.7 %
BHP BILLITON LTD 1.6 %
NOVO NORDISK A/S-B 1.6 %
FORTESCUE METALS GROUP LTD 1.6 %
TOKYO ELECTRON LTD 1.5 %
Total 19.0 %

TOP COUNTRY EXPOSURE
BRITAIN 17.5 %
SWITZERLAND 13.4 %
JAPAN 13.3 %
AUSTRALIA 7.9 %
SWEDEN 7.6 %
NETHERLANDS 4.1 %
FRANCE 3.6 %
GERMANY 3.6 %
FINLAND 3.0 %
DENMARK 2.9 %

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.
9.1% 9.1% -- -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.90 84%
MSCI EAFE 0.96 93%
MSCI Emg. Mkts. 0.79 80%

Technical Indicators
Recent close $66.17
30d moving avg. $64.48
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $14,022

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the First Trust Riverfront Dynamic Developed International ETF 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™: 5.1%


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
(%)
DFAI Dimensional International Core Equity Market ETF 47.8 18 65 6.4 +1.3
RFEU First Trust Riverfront Dynamic Europe ETF 40.3 83 0 5.6 +0.5
IDHQ Invesco S&P International Developed Quality ETF 32.9 29 54 4.8 -0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 32.0 30 53 5.2 +0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 27.8 58 25 5.8 +0.7
IQDG WisdomTree International Quality Dividend Growth Fund 27.5 42 41 6.0 +0.8
EFG iShares MSCI EAFE Growth ETF 27.0 40 43 4.1 -1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 26.7 30 53 6.0 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.8 25 58 5.9 +0.8
IQSI IQ Candriam ESG International Equity ETF 25.7 15 68 6.4 +1.3
DOL WisdomTree International LargeCap Dividend Fund 24.9 48 35 7.2 +2.0
RESD WisdomTree International ESG Fund 24.8 30 53 6.5 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 24.4 9 74 6.6 +1.5
IEV iShares Europe ETF 24.3 59 24 6.2 +1.1
FLEE Franklin FTSE Europe ETF 24.3 9 74 6.4 +1.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 24.3 58 25 6.5 +1.4
FLEH Franklin FTSE Europe Hedged ETF 24.2 9 74 6.5 +1.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 24.0 83 0 5.0 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 24.0 45 38 6.0 +0.9
BKIE BNY Mellon International Equity ETF 23.8 4 79 6.5 +1.4
FDEV Fidelity Targeted International Factor ETF 23.3 39 44 6.2 +1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.2 20 63 6.4 +1.3
EFA iShares MSCI EAFE ETF 23.1 32 51 6.2 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 23.0 20 63 6.3 +1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.0 30 53 4.1 -1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 22.9 20 63 6.2 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.7 35 48 6.1 +1.0
PDEV Principal International Multi-Factor Core Index ETF 22.5 25 58 7.1 +2.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.3 14 69 6.1 +1.0
IEUR iShares Core MSCI Europe ETF 22.3 9 74 6.6 +1.4
VGK Vanguard FTSE Europe ETF 22.3 8 75 6.7 +1.6
OEUR O'shares FTSE Europe Quality Dividend ETF 22.2 48 35 5.1 -0.0
DWM WisdomTree International Equity Fund 22.1 48 35 7.2 +2.1
SPEU SPDR Portfolio Europe ETF 21.9 9 74 6.7 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.7 40 43 7.2 +2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.7 25 58 6.0 +0.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 21.7 61 22 4.5 -0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 21.4 58 25 5.0 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 21.1 20 63 6.4 +1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.8 7 76 6.5 +1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.3 20 63 5.0 -0.1
IDMO Invesco S&P International Developed Momentum ETF 20.2 26 57 3.7 -1.4
QINT American Century Quality Diversified International ETF 20.2 39 44 5.7 +0.6
IEFA iShares Core MSCI EAFE ETF 20.1 7 76 6.5 +1.4
JHMD John Hancock Multifactor Developed International ETF 19.7 39 44 6.6 +1.5
DMXF iShares ESG Advanced MSCI EAFE ETF 19.5 12 71 6.2 +1.1
SCHF Schwab International Equity ETF 19.3 6 77 6.5 +1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 19.0 40 43 5.9 +0.8
FIVA Fidelity International Value Factor ETF 19.0 39 44 8.7 +3.6
IDEV iShares Core MSCI International Developed Markets ETF 18.9 5 78 6.5 +1.3
PIZ Invesco DWA Developed Markets Momentum ETF 18.8 81 2 4.4 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.7 32 51 5.7 +0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 18.4 35 48 5.9 +0.8
VIGI Vanguard International Dividend Appreciation ETF 18.3 20 63 5.0 -0.1
DWMF WisdomTree International Multifactor Fund 18.1 38 45 6.2 +1.1
INTF iShares Edge MSCI Multifactor Intl ETF 18.1 30 53 7.2 +2.1
EUDV ProShares MSCI Europe Dividend Growers ETF 18.0 56 27 4.9 -0.2
IQDF FlexShares International Quality Dividend Index Fund 17.9 47 36 7.9 +2.8
VEA Vanguard FTSE Developed Markets ETF 17.3 5 78 6.6 +1.4
VWID Virtus WMC International Dividend ETF 17.2 49 34 7.4 +2.3
IQDE FlexShares International Quality Dividend Defensive Index ET 17.1 47 36 7.8 +2.7
VSGX Vanguard ESG International Stock ETF 17.1 17 66 6.3 +1.2
LVHI Legg Mason International Low Volatility High Dividend ETF 17.1 40 43 9.0 +3.9
RBIN Nationwide Risk-Based International Equity ETF 17.0 42 41 6.0 +0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.0 39 44 5.6 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 16.9 4 79 6.2 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 16.5 29 54 7.3 +2.2
RNDM First Trust Developed International Equity Select ETF 16.5 65 18 5.7 +0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.4 80 3 6.0 +0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 16.2 47 36 8.1 +3.0
JIG JPMorgan International Growth ETF 16.0 55 28 2.4 -2.7
EFAD ProShares MSCI EAFE Dividend Growers ETF 15.9 51 32 5.0 -0.1
JPIN JPMorgan Diversified Return International Equity ETF 15.8 37 46 7.1 +2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.6 16 67 6.0 +0.8
CIL VictoryShares International Volatility Weighted Index ETF 15.6 45 38 6.4 +1.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.5 45 38 6.3 +1.2
CWI SPDR MSCI ACWI ex-US ETF 15.0 30 53 6.2 +1.0
IGRO iShares International Dividend Growth ETF 15.0 15 68 7.0 +1.9
RODE Hartford Multifactor Diversified International ETF 14.8 29 54 10.5 +5.4
ACWX iShares MSCI ACWI ex U.S. ETF 14.8 32 51 6.3 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.7 40 43 6.1 +1.0
VEU Vanguard FTSE All-World ex-US Index Fund 14.0 8 75 6.7 +1.6
FEP First Trust Europe AlphaDEX Fund 13.5 80 3 7.4 +2.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 13.1 24 59 6.5 +1.4
IXUS ishares Core MSCI Total International Stock ETF 13.1 9 74 6.4 +1.3
DOO WisdomTree International Dividend ex-Financials Fund 13.0 58 25 7.7 +2.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.9 29 54 7.1 +2.0
TPIF Timothy Plan International ETF 12.8 62 21 6.1 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.8 45 38 7.6 +2.5
IPAC iShares Core MSCI Pacific ETF 12.8 9 74 6.3 +1.2
ISDX Invesco RAFI Strategic Developed ex-US ETF 12.8 23 60 6.3 +1.2
IDLV Invesco S&P International Developed Low Volatility ETF 12.4 25 58 6.2 +1.1
DSTX Distillate International Fundamental Stability & Value ETF 12.3 55 28 5.9 +0.8
EURZ Xtrackers Eurozone Equity ETF 12.3 9 74 6.5 +1.4
FLSW Franklin FTSE Switzerland ETF 12.2 9 74 5.2 +0.1
DTH WisdomTree International High Dividend Fund 12.1 58 25 8.7 +3.6
EWL iShares MSCI Switzerland ETF 12.1 51 32 4.8 -0.4

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 Developed International 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 15.9 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.54
 
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.