First Trust Riverfront Dynamic Emerging Markets ETF
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.3x P/Sales
ratio
1.4x
P/BV
ratio
2.1x Div.
yield
3.0%


  • 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) $47
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 109
Wgt avg mkt cap (mns) $180,145
Large cap (>$10bn) 68.9%
Mid cap ($2-10bn) 21.3%
Small cap (<$2bn) 6.9%
Developed mkts 12.3%
Emerging mkts 87.7%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 9.8 %
TENCENT HOLDINGS LTD 7.5 %
TAIWAN SEMICONDUCTOR MANUFAC 6.8 %
SAMSUNG ELECTRONICS CO LTD 3.5 %
PING AN INSURANCE GROUP CO-H 2.0 %
CHINA CONSTRUCTION BANK-H 1.9 %
INFOSYS TECHNOLOGIES LTD 1.8 %
TATA CONSULTANCY SVS LTD 1.5 %
HON HAI PRECISION INDUSTRY 1.5 %
UNITED MICROELECTRONICS CORP 1.4 %
Total 37.6 %

TOP COUNTRY EXPOSURE
CHINA 42.2 %
TAIWAN 12.8 %
INDIA 12.0 %
BRAZIL 7.6 %
HONG KONG 7.1 %
SOUTH KOREA 4.7 %
SOUTH AFRICA 3.2 %
RUSSIA 2.3 %
TURKEY 2.0 %
MEXICO 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.1% 8.6% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 62%
MSCI EAFE 1.11 74%
MSCI Emg. Mkts. 0.99 94%

Technical Indicators
Recent close $62.42
30d moving avg. $61.78
Annualized volatility 20.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $11,801

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.1%


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 38.8 30 65 7.6 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 38.8 36 59 7.3 -0.8
ESGE iShares ESG MSCI EM ETF 38.3 25 70 8.5 +0.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.2 68 27 7.0 -1.1
EEM iShares MSCI Emerging Markets ETF 37.7 68 27 7.4 -0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.6 32 63 5.7 -2.4
EEMA iShares MSCI Emerging Markets Asia ETF 37.5 50 45 7.7 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 37.5 65 30 7.4 -0.7
DVEM WisdomTree Emerging Markets Dividend Fund 37.4 32 63 7.3 -0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 37.0 40 55 7.3 -0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 36.9 45 50 6.8 -1.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 36.5 45 50 7.5 -0.6
FLAX Franklin FTSE Asia Ex Japan ETF 36.2 19 76 7.7 -0.4
BKF iShares MSCI BRIC ETF 35.8 69 26 7.4 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 35.7 29 66 4.0 -4.1
SCHE Schwab Emerging Markets Equity ETF 35.6 11 84 7.9 -0.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 35.2 15 80 8.4 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 34.6 13 82 7.9 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 34.5 20 75 6.7 -1.4
JHEM John Hancock Multifactor Emerging Markets ETF 33.0 49 46 8.7 +0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.2 32 63 9.0 +0.9
MCHI iShares MSCI China ETF 30.8 59 36 7.6 -0.5
FLCH Franklin FTSE China ETF 30.5 19 76 8.2 +0.1
VWO Vanguard FTSE Emerging Markets ETF 30.1 10 85 8.0 -0.1
GXC SPDR S&P China ETF 29.2 59 36 7.7 -0.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 29.1 45 50 9.1 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 29.0 11 84 7.7 -0.4
GMF SPDR S&P Emerging Asia Pacific ETF 28.8 49 46 7.1 -1.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.8 32 63 11.4 +3.3
CHIL Global X MSCI China Large-Cap 50 ETF 28.3 29 66 7.5 -0.6
KALL KraneShares FTSE Emerging Markets Plus ETF 28.1 49 46 8.0 -0.1
CN Xtrackers MSCI All China Equity ETF 27.8 50 45 8.0 -0.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 27.3 45 50 8.5 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 27.1 50 45 13.3 +5.2
BKEM BNY Mellon Emerging Markets Equity ETF 26.9 11 84 8.3 +0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 25.3 48 47 9.7 +1.6
AIA iShares Asia 50 ETF 25.2 50 45 7.8 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.2 30 65 8.8 +0.7
KWEB KraneShares CSI China Internet ETF 23.9 76 19 2.0 -6.1
ISEM Invesco Strategic Emerging Markets ETF 23.5 35 60 10.7 +2.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.9 86 9 2.1 -6.0
FDNI First Trust Dow Jones International Internet ETF 21.8 65 30 2.1 -6.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 21.0 49 46 7.7 -0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 20.9 39 56 13.4 +5.3
TTTN UP Fintech China-U.S. Internet Titans ETF 20.4 59 36 4.3 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.3 49 46 8.0 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.8 59 36 11.1 +3.0
AVEM Avantis Emerging Markets Equity ETF 19.7 33 62 8.8 +0.7
ECON Columbia Emerging Markets Consumer ETF 18.7 59 36 4.9 -3.2
EMXC iShares MSCI Emerging Markets ex China ETF 16.8 25 70 8.1 +0.0
ROAM Hartford Multifactor Emerging Markets ETF 16.8 44 51 13.1 +5.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.3 16 79 7.0 -1.1
XCEM Columbia EM Core ex-China ETF 16.3 16 79 7.1 -1.0
FXI iShares China Large-Cap ETF 16.2 74 21 13.1 +5.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.4 44 51 9.2 +1.1
PEK VanEck Vectors ChinaAMC CSI 300 ETF 15.2 60 35 4.0 -4.1
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.9 18 77 4.9 -3.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 14.8 25 70 8.0 -0.1
PIE Invesco DWA Emerging Markets Momentum ETF 14.4 90 5 5.0 -3.1
BICK First Trust BICK Index Fund 14.1 64 31 4.7 -3.4
VSGX Vanguard ESG International Stock ETF 14.0 17 78 7.1 -1.0
CHIQ Global X China Consumer ETF 13.3 65 30 6.8 -1.3
PGJ Invesco Golden Dragon China ETF 12.8 70 25 3.4 -4.7
FNI First Trust Chindia ETF 12.7 60 35 2.5 -5.6
OGIG O'Shares Global Internet Giants ETF 12.5 48 47 0.5 -7.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.3 40 55 7.1 -1.0
RNEM Emerging Markets Equity Select ETF 12.3 75 20 11.7 +3.6
CQQQ Invesco China Technology ETF 12.1 70 25 6.1 -2.0
VIGI Vanguard International Dividend Appreciation ETF 11.7 20 75 5.6 -2.5
ACWX iShares MSCI ACWI ex U.S. ETF 11.6 32 63 7.3 -0.8
FLTW Franklin FTSE Taiwan ETF 11.4 19 76 6.2 -1.9
EWT iShares MSCI Taiwan ETF 11.4 59 36 6.1 -2.1
GBUY Goldman Sachs Motif New Age Consumer ETF 11.4 50 45 1.7 -6.4
WUGI Esoterica NextG Economy ETF 11.3 75 20 1.5 -6.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.3 45 50 14.5 +6.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 11.2 50 45 10.4 +2.3
PNQI Invesco NASDAQ Internet ETF 11.1 60 35 0.9 -7.2
IXUS ishares Core MSCI Total International Stock ETF 10.9 9 86 7.4 -0.7
CHIC Global X Nasdaq China Technology ETF 10.7 66 29 4.2 -3.9
DEM WisdomTree Emerging Markets High Dividend Fund 10.6 63 32 15.0 +6.9
AIQ Global X Future Analytics Tech ETF 10.3 68 27 4.0 -4.1
DINT Davis Select International ETF 10.0 68 27 5.7 -2.4
FEM First Trust Emerging Markets AlphaDEX Fund 9.6 80 15 13.9 +5.8
VXUS Vanguard Total International Stock Index Fund 9.6 8 87 7.6 -0.5
VYMI Vanguard International High Dividend Yield ETF 9.5 27 68 10.2 +2.1
SOCL Global X Social Media ETF 9.4 65 30 1.6 -6.5
VEU Vanguard FTSE All-World ex-US Index Fund 9.4 8 87 7.6 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.2 47 48 9.4 +1.3
JOYY Infusive Compounding Global Equities ETF 9.2 50 45 3.6 -4.5
IQDF FlexShares International Quality Dividend Index Fund 9.2 47 48 9.2 +1.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.1 61 34 9.0 +0.8
BUYZ Franklin Disruptive Commerce ETF 8.8 50 45 -0.2 -8.3
ESPO VanEck Vectors Video Gaming & eSports ETF 8.7 55 40 2.7 -5.4
DWLD Davis Select Worldwide ETF 8.7 63 32 6.4 -1.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.7 74 21 13.7 +5.6
FLIN Franklin FTSE India ETF 8.4 19 76 5.7 -2.4
CWI SPDR MSCI ACWI ex-US ETF 8.3 30 65 7.2 -0.9
INDA iShares MSCI India ETF 8.3 69 26 5.4 -2.7
GIGE SoFi Gig Economy ETF 8.3 59 36 -0.8 -8.9

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.43
 
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.