First Trust Riverfront Dynamic Developed International ETF
ALTAR
Score™
6.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.7x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.9%


  • 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) $160
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 228
Wgt avg mkt cap (mns) $60,571
Large cap (>$10bn) 76.8%
Mid cap ($2-10bn) 20.2%
Small cap (<$2bn) 3.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
NESTLE SA-REG 2.7 %
ROCHE HOLDING AG-GENUSSCHEIN 2.2 %
NOVARTIS AG-REG 1.6 %
NOVO NORDISK A/S-B 1.1 %
GLAXOSMITHKLINE PLC 1.1 %
TOYOTA MOTOR CORP 1.0 %
DAIICHI SANKYO CO LTD 1.0 %
ASTRAZENECA PLC 1.0 %
CHUGAI PHARMACEUTICAL CO LTD 1.0 %
SHIN-ETSU CHEMICAL CO LTD 0.9 %
Total 13.6 %

TOP COUNTRY EXPOSURE
JAPAN 23.0 %
BRITAIN 16.0 %
SWITZERLAND 9.8 %
FRANCE 7.8 %
AUSTRALIA 6.5 %
GERMANY 5.8 %
SWEDEN 5.6 %
NETHERLANDS 3.7 %
DENMARK 3.0 %
SPAIN 2.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.4% -2.0% -- -- 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.90 83%
MSCI EAFE 1.04 96%
MSCI Emg. Mkts. 0.78 81%

Technical Indicators
Recent close $54.13
30d moving avg. $49.56
Annualized volatility 16.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $24,793

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.3%


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 ETF 49.0 83 0 5.0 -1.4
EFA iShares MSCI EAFE ETF 43.4 32 51 7.2 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 43.0 35 48 7.0 +0.7
HFXI IQ 50 Percent Hedged FTSE International ETF 42.0 20 63 7.5 +1.2
DOL WisdomTree International LargeCap Dividend Fund 41.0 48 35 8.5 +2.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 40.9 20 63 7.3 +1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 40.7 20 63 7.2 +0.8
IQSI IQ Candriam ESG International Equity ETF 40.6 15 68 7.3 +1.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 40.5 7 76 7.6 +1.2
QEFA SPDR MSCI EAFE Quality Mix ETF 40.3 30 53 6.8 +0.4
IEFA iShares Core MSCI EAFE ETF 38.8 7 76 7.3 +1.0
DWM WisdomTree International Equity Fund 38.6 48 35 8.2 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 38.3 35 48 8.6 +2.3
SCHF Schwab International Equity ETF 38.0 6 77 7.4 +1.1
JHMD John Hancock Multifactor Developed International ETF 37.8 45 38 7.4 +1.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 36.3 25 58 6.8 +0.5
PDEV Principal International Multi-Factor Core Index ETF 36.0 25 58 7.9 +1.5
IDEV iShares Core MSCI International Developed Markets ETF 36.0 5 78 7.3 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 35.6 25 58 6.7 +0.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 35.3 30 53 6.8 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 35.3 4 79 7.2 +0.9
IEV iShares Europe ETF 35.1 59 24 6.8 +0.5
FLEE Franklin FTSE Europe ETF 35.1 9 74 7.0 +0.7
FLEH Franklin FTSE Europe Hedged ETF 34.9 9 74 7.2 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 34.9 9 74 7.3 +0.9
EFG iShares MSCI EAFE Growth ETF 34.9 40 43 4.7 -1.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 34.7 45 38 6.8 +0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 34.7 48 35 0.0 -6.3
VEA Vanguard FTSE Developed Markets ETF 33.9 5 78 7.4 +1.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 33.8 30 53 6.2 -0.1
IEUR iShares Core MSCI Europe ETF 33.8 9 74 7.3 +1.0
CWI SPDR MSCI ACWI ex-US ETF 33.6 30 53 7.6 +1.3
FEU SPDR Portfolio Europe ETF 33.1 9 74 7.3 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 32.9 25 58 8.7 +2.3
VGK Vanguard FTSE Europe ETF 32.8 8 75 7.3 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 32.5 14 69 7.0 +0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.8 45 38 8.8 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 30.9 32 51 7.5 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 30.4 40 43 7.4 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 29.7 39 44 6.7 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 29.2 8 75 7.7 +1.4
QINT American Century Quality Diversified International ETF 29.0 39 44 5.9 -0.4
ISDX Invesco Strategic Developed ex-US ETF 28.8 23 60 7.4 +1.1
IDY Pacific Global International Equity Income ETF 28.8 39 44 8.0 +1.7
IQIN IQ 500 International ETF 28.7 25 58 9.0 +2.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 28.6 30 53 5.0 -1.4
FDEV Fidelity Targeted International Factor ETF 28.4 39 44 6.5 +0.2
JPEU JPMorgan Diversified Return Europe Equity ETF 28.3 37 46 6.8 +0.5
CIL VictoryShares International Volatility Weighted Index ETF 28.1 45 38 6.7 +0.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 27.8 83 0 7.1 +0.8
IXUS ishares Core MSCI Total International Stock ETF 27.5 9 74 7.6 +1.2
EFV iShares MSCI EAFE Value ETF 27.4 39 44 10.0 +3.7
IDHQ Invesco S&P International Developed High Quality ETF 26.9 29 54 5.4 -0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 26.9 16 67 7.1 +0.8
VXUS Vanguard Total International Stock Index Fund 26.8 8 75 7.7 +1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 26.0 39 44 9.1 +2.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 25.7 20 63 5.9 -0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 25.4 25 58 5.5 -0.8
OEUR O'shares FTSE Europe Quality Dividend ETF 25.4 48 35 6.6 +0.3
FIVA Fidelity International Value Factor ETF 25.2 39 44 10.2 +3.9
TPIF Timothy Plan International ETF 25.0 62 21 7.0 +0.7
VYMI Vanguard International High Dividend Yield ETF 24.8 32 51 10.1 +3.8
VSGX Vanguard ESG International Stock ETF 24.4 17 66 7.4 +1.1
JPIN JPMorgan Diversified Return International Equity ETF 24.4 38 45 8.0 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.0 29 54 8.6 +2.3
RBIN Nationwide Risk-Based International Equity ETF 23.9 42 41 6.5 +0.1
IPAC iShares Core MSCI Pacific ETF 23.8 9 74 7.5 +1.2
IDMO Invesco S&P International Developed Momentum ETF 23.7 25 58 4.7 -1.7
DWMF WisdomTree International Multifactor Fund 22.9 38 45 6.8 +0.5
VPL Vanguard FTSE Pacific ETF 22.9 8 75 7.8 +1.5
IGRO iShares International Dividend Growth ETF 22.5 22 61 8.0 +1.7
RNDM Developed International Equity Select ETF 22.4 65 18 6.4 +0.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.6 32 51 6.5 +0.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.3 47 36 12.7 +6.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 21.2 29 54 8.1 +1.7
DTH WisdomTree DEFA Equity Income Fund 21.0 58 25 9.6 +3.2
JPGE JPMorgan Diversified Return Global Equity ETF 20.8 29 54 7.3 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 20.7 40 43 6.9 +0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.7 35 48 8.6 +2.3
IVLU iShares Edge MSCI Intl Value Factor ETF 20.6 30 53 11.3 +5.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 20.4 29 54 12.2 +5.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 20.2 80 3 6.0 -0.3
SCID Global X Scientific Beta Europe ETF 20.0 38 45 6.9 +0.5
IQDF FlexShares International Quality Dividend Index Fund 20.0 47 36 12.9 +6.6
ISZE iShares Edge MSCI Intl Size Factor ETF 19.7 30 53 6.9 +0.6
VIGI Vanguard International Dividend Appreciation ETF 19.7 25 58 5.9 -0.4
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 18.8 61 22 5.0 -1.4
IOO iShares Global 100 ETF 18.8 40 43 4.9 -1.5
EURZ Xtrackers Eurozone Equity ETF 18.7 9 74 7.0 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.7 24 59 7.2 +0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.7 47 36 13.5 +7.2
JPXN iShares JPX-Nikkei 400 ETF 18.6 48 35 7.5 +1.2
QJPN SPDR MSCI Japan StrategicFactors ETF 18.6 14 69 8.0 +1.7
DOO WisdomTree International Dividend ex-Financials Fund 18.6 58 25 8.7 +2.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.5 30 53 7.6 +1.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 18.5 25 58 7.6 +1.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 18.5 9 74 7.9 +1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 18.5 42 41 5.6 -0.7
FLJP Franklin FTSE Japan ETF 18.5 9 74 7.8 +1.5

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 Developed International 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 11.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.