First Trust Riverfront Dynamic Emerging Markets ETF
ALTAR
Score™
10.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.2x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust RiverFront Dynamic Emerging Markets ETF is an actively managed fund that seeks capital appreciation from emerging market stocks using a factor approach. The manager has discretion to hedge currency exposure up to 100% of the portfolio.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 14, 2016
Assets (mns) $53
Currency USD
Expense ratio 95 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 136
Wgt avg mkt cap (mns) $122,508
Large cap (>$10bn) 64.6%
Mid cap ($2-10bn) 24.5%
Small cap (<$2bn) 10.2%
Developed mkts 8.9%
Emerging mkts 91.1%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.6 %
TENCENT HOLDINGS LTD 6.9 %
TAIWAN SEMICONDUCTOR MANUFAC 5.5 %
SAMSUNG ELECTRONICS CO LTD 4.1 %
ISHARES CORE MSCI EMERGING MARKETS 2.4 %
CHINA CONSTRUCTION BANK-H 1.6 %
NASPERS LTD-N SHS 1.4 %
PING AN INSURANCE GROUP CO-H 1.3 %
INFOSYS TECHNOLOGIES LTD 1.2 %
NETEASE.COM INC-ADR 1.2 %
Total 33.2 %

TOP COUNTRY EXPOSURE
CHINA 35.5 %
TAIWAN 12.7 %
INDIA 7.9 %
BRAZIL 7.8 %
SOUTH KOREA 7.7 %
HONG KONG 6.2 %
SOUTH AFRICA 3.3 %
TURKEY 3.3 %
INDONESIA 2.9 %
THAILAND 1.9 %

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.
-18.2% -6.3% -- -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.94 64%
MSCI EAFE 1.12 78%
MSCI Emg. Mkts. 0.99 94%

Technical Indicators
Recent close $55.71
30d moving avg. $51.79
Annualized volatility 19.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $12,168

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Riverfront Dynamic Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with RFEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFEM Expense: 95 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFEM
Ticker Fund
Name
Overlap1
vs RFEM
(%)
Expense
ratio
(bp)
Savings
vs RFEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFEM
(%)
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 42.1 30 65 8.8 -1.4
EEMA iShares MSCI Emerging Markets Asia ETF 40.9 50 45 8.4 -1.7
ESGE iShares ESG MSCI EM ETF 39.9 25 70 9.7 -0.5
EEM iShares MSCI Emerging Markets ETF 39.4 68 27 8.3 -1.9
JHEM John Hancock Multifactor Emerging Markets ETF 38.9 55 40 8.8 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.8 68 27 8.0 -2.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 38.5 65 30 8.4 -1.7
FLAX Franklin FTSE Asia Ex Japan ETF 38.4 19 76 8.5 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 38.3 45 50 8.7 -1.4
SCHE Schwab Emerging Markets Equity ETF 37.5 13 82 8.7 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 36.0 14 81 8.7 -1.5
DVEM WisdomTree Emerging Markets Dividend Fund 35.1 32 63 9.1 -1.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 35.0 14 81 9.5 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.4 32 63 6.8 -3.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.6 20 75 7.6 -2.5
BKF iShares MSCI BRIC ETF 33.1 69 26 8.5 -1.7
VWO Vanguard FTSE Emerging Markets ETF 32.4 10 85 8.8 -1.3
NUEM Nuveen ESG Emerging Markets Equity ETF 32.3 45 50 7.8 -2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.9 32 63 9.5 -0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.2 40 55 7.9 -2.3
SPEM SPDR Portfolio Emerging Markets ETF 29.5 11 84 8.6 -1.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 28.9 32 63 7.9 -2.2
GMF SPDR S&P Emerging Asia Pacific ETF 28.4 49 46 8.0 -2.2
FLCH Franklin FTSE China ETF 28.3 19 76 9.2 -0.9
MCHI iShares MSCI China ETF 28.3 59 36 9.1 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 27.9 59 36 11.1 +0.9
GXC SPDR S&P China ETF 27.6 59 36 8.9 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 27.5 50 45 13.7 +3.6
AIA iShares Asia 50 ETF 26.0 50 45 8.9 -1.2
CN Xtrackers MSCI All China Equity ETF 25.5 50 45 9.4 -0.8
KALL KraneShares FTSE Emerging Markets Plus ETF 25.3 49 46 9.2 -1.0
CHIL Global X MSCI China Large-Cap 50 ETF 24.8 29 66 9.5 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.8 39 56 13.1 +3.0
EMMF WisdomTree Emerging Markets Multifactor Fund 24.7 48 47 9.9 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 24.4 30 65 9.4 -0.7
WCHN WisdomTree ICBCCS S&P China 500 Fund 24.2 55 40 9.2 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 24.1 49 46 8.3 -1.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.5 45 50 10.0 -0.1
ISEM Invesco Strategic Emerging Markets ETF 23.4 35 60 10.3 +0.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 22.9 32 63 7.0 -3.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 22.4 45 50 9.7 -0.4
ROAM Hartford Multifactor Emerging Markets ETF 21.7 44 51 14.8 +4.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 21.7 45 50 9.0 -1.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 21.5 48 47 10.0 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 20.8 49 46 8.4 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 20.6 30 65 7.1 -3.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.0 49 46 9.0 -1.1
FDNI First Trust Dow Jones International Internet ETF 19.7 65 30 2.8 -7.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.5 86 9 2.3 -7.8
KWEB KraneShares CSI China Internet ETF 18.3 76 19 3.4 -6.7
ECON Columbia Emerging Markets Consumer ETF 18.0 59 36 4.9 -5.2
AVEM Avantis Emerging Markets Equity ETF 17.9 33 62 9.5 -0.6
RNEM Emerging Markets Equity Select ETF 17.6 75 20 10.4 +0.3
XCEM Columbia EM Core ex-China ETF 17.4 16 79 7.8 -2.3
TTTN UP Fintech China-U.S. Internet Titans ETF 17.2 59 36 5.0 -5.1
FXI iShares China Large-Cap ETF 16.5 74 21 13.5 +3.4
PIE Invesco DWA Emerging Markets Momentum ETF 15.6 90 5 5.7 -4.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 14.9 64 31 5.3 -4.8
BICK First Trust BICK Index Fund 14.6 64 31 4.4 -5.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.1 16 79 7.1 -3.0
VIGI Vanguard International Dividend Appreciation ETF 14.0 25 70 5.9 -4.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 13.9 25 70 8.4 -1.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.7 45 50 13.5 +3.4
JOYY Infusive Compounding Global Equities ETF 13.6 50 45 3.9 -6.2
DEM WisdomTree Emerging Markets High Dividend Fund 13.2 63 32 14.2 +4.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.7 29 66 9.9 -0.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 12.2 50 45 9.9 -0.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.9 80 15 1.7 -8.4
VSGX Vanguard ESG International Stock ETF 11.7 17 78 7.4 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.5 40 55 7.4 -2.7
PGJ Invesco Golden Dragon China ETF 11.4 70 25 3.4 -6.7
FNI First Trust Chindia ETF 11.3 59 36 3.4 -6.7
EWT iShares MSCI Taiwan ETF 10.9 59 36 6.4 -3.7
ACWX iShares MSCI ACWI ex U.S. ETF 10.8 32 63 7.5 -2.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.7 70 25 13.0 +2.9
VIDI Vident International Equity Fund 10.4 59 36 11.3 +1.2
FLTW Franklin FTSE Taiwan ETF 10.3 19 76 6.7 -3.5
CHIC Global X Nasdaq China Technology ETF 10.3 65 30 4.4 -5.7
IXUS ishares Core MSCI Total International Stock ETF 10.2 9 86 7.6 -2.6
CHIQ Global X China Consumer ETF 10.2 65 30 9.2 -1.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.1 60 35 8.4 -1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 10.1 49 46 11.5 +1.3
VXUS Vanguard Total International Stock Index Fund 9.8 8 87 7.7 -2.4
CQQQ Invesco China Technology ETF 9.6 70 25 4.3 -5.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 9.6 18 77 6.1 -4.1
OGIG O'Shares Global Internet Giants ETF 9.5 48 47 0.5 -9.6
FEM First Trust Emerging Markets AlphaDEX Fund 9.4 80 15 11.8 +1.6
PNQI Invesco NASDAQ Internet ETF 9.3 62 33 1.2 -8.9
DINT Davis Select International ETF 9.1 75 20 5.8 -4.3
VEU Vanguard FTSE All-World ex-US Index Fund 9.0 8 87 7.7 -2.4
SOCL Global X Social Media ETF 8.9 65 30 2.3 -7.9
PEK VanEck Vectors ChinaAMC CSI 300 ETF 8.9 60 35 8.1 -2.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.9 47 48 13.5 +3.4
ONLN ProShares Online Retail ETF 8.7 58 37 1.6 -8.5
GBUY Goldman Sachs Motif New Age Consumer ETF 8.7 50 45 2.1 -8.0
CWI SPDR MSCI ACWI ex-US ETF 8.6 30 65 7.6 -2.5
AIQ Global X Future Analytics Tech ETF 8.5 68 27 4.2 -6.0
IXP iShares Global Comm Services ETF 8.4 46 49 5.8 -4.3
DWCR Arrow DWA Country Rotation ETF 8.3 95 0 17.6 +7.4
VYMI Vanguard International High Dividend Yield ETF 8.2 32 63 10.1 -0.0

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 Emerging Markets ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.45
 
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.