First Trust Riverfront Dynamic Emerging Markets ETF
ALTAR
Score™
9.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.0x P/Sales
ratio
1.4x
P/BV
ratio
1.7x Div.
yield
3.4%


  • 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 117
Wgt avg mkt cap (mns) $159,849
Large cap (>$10bn) 69.5%
Mid cap ($2-10bn) 21.5%
Small cap (<$2bn) 7.8%
Developed mkts 12.1%
Emerging mkts 87.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.5 %
TENCENT HOLDINGS LTD 7.5 %
TAIWAN SEMICONDUCTOR MANUFAC 5.2 %
SAMSUNG ELECTRONICS CO LTD 3.2 %
CHINA CONSTRUCTION BANK-H 1.8 %
INFOSYS TECHNOLOGIES LTD 1.5 %
NETEASE.COM INC-ADR 1.4 %
UNITED MICROELECTRONICS CORP 1.3 %
IND & COMM BK OF CHINA - H 1.3 %
GRUPO FINANCIERO GALICIA-ADR 1.3 %
Total 32.9 %

TOP COUNTRY EXPOSURE
CHINA 44.5 %
TAIWAN 10.3 %
INDIA 9.2 %
BRAZIL 7.9 %
HONG KONG 7.3 %
SOUTH KOREA 3.9 %
RUSSIA 3.6 %
SOUTH AFRICA 3.1 %
TURKEY 1.6 %
MEXICO 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.5% 5.1% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.97 65%
MSCI EAFE 1.14 75%
MSCI Emg. Mkts. 1.00 94%

Technical Indicators
Recent close $62.12
30d moving avg. $60.76
Annualized volatility 20.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.9%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $13,747

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™: 9.2%


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
(%)
EEMA iShares MSCI Emerging Markets Asia ETF 38.6 50 45 7.5 -1.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 36.9 36 59 8.1 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 36.8 30 65 7.8 -1.5
EEM iShares MSCI Emerging Markets ETF 36.4 68 27 7.4 -1.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 36.2 45 50 7.8 -1.4
ESGE iShares ESG MSCI EM ETF 35.9 25 70 8.6 -0.7
JHEM John Hancock Multifactor Emerging Markets ETF 35.9 49 46 8.4 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 35.8 68 27 7.0 -2.2
BKF iShares MSCI BRIC ETF 35.6 69 26 7.4 -1.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 35.5 65 30 7.4 -1.8
FLAX Franklin FTSE Asia Ex Japan ETF 34.9 19 76 7.7 -1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.9 32 63 6.2 -3.1
SCHE Schwab Emerging Markets Equity ETF 34.5 11 84 7.9 -1.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 34.4 15 80 8.6 -0.6
DVEM WisdomTree Emerging Markets Dividend Fund 34.1 32 63 8.2 -1.0
IEMG iShares Core MSCI Emerging Markets ETF 33.7 13 82 7.9 -1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 32.0 32 63 8.9 -0.3
MCHI iShares MSCI China ETF 31.8 59 36 7.8 -1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.7 40 55 7.3 -2.0
FLCH Franklin FTSE China ETF 31.4 19 76 8.4 -0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 31.4 45 50 7.0 -2.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.3 20 75 6.7 -2.5
VWO Vanguard FTSE Emerging Markets ETF 30.7 10 85 8.0 -1.2
GXC SPDR S&P China ETF 30.6 59 36 8.0 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 29.4 29 66 8.4 -0.9
SPEM SPDR Portfolio Emerging Markets ETF 28.9 11 84 7.8 -1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 28.6 50 45 13.3 +4.1
BKEM BNY Mellon Emerging Markets Equity ETF 28.5 11 84 8.4 -0.8
GMF SPDR S&P Emerging Asia Pacific ETF 28.3 49 46 7.3 -2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 28.1 32 63 6.1 -3.2
KALL KraneShares FTSE Emerging Markets Plus ETF 28.0 49 46 8.1 -1.1
CN Xtrackers MSCI All China Equity ETF 27.8 50 45 8.1 -1.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 27.7 45 50 8.9 -0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 26.1 30 65 8.7 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 24.3 48 47 9.3 +0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.7 39 56 12.8 +3.6
AIA iShares Asia 50 ETF 22.7 50 45 8.0 -1.2
KWEB KraneShares CSI China Internet ETF 21.3 76 19 1.8 -7.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 21.2 45 50 9.5 +0.2
ISEM Invesco Strategic Emerging Markets ETF 20.9 35 60 10.3 +1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.6 86 9 2.2 -7.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 20.4 59 36 10.9 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.2 49 46 7.7 -1.5
FDNI First Trust Dow Jones International Internet ETF 19.9 65 30 2.2 -7.0
AVEM Avantis Emerging Markets Equity ETF 19.3 33 62 8.7 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 19.1 29 66 6.3 -2.9
TTTN UP Fintech China-U.S. Internet Titans ETF 19.0 59 36 4.2 -5.1
ROAM Hartford Multifactor Emerging Markets ETF 18.5 44 51 14.6 +5.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 18.5 49 46 7.6 -1.6
ECON Columbia Emerging Markets Consumer ETF 18.4 59 36 4.5 -4.7
FXI iShares China Large-Cap ETF 18.4 74 21 13.2 +3.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.0 44 51 9.0 -0.3
RNEM Emerging Markets Equity Select ETF 15.6 75 20 11.5 +2.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 15.2 64 31 4.5 -4.7
EMXC iShares MSCI Emerging Markets ex China ETF 15.0 25 70 8.0 -1.3
PIE Invesco DWA Emerging Markets Momentum ETF 14.7 90 5 4.6 -4.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.6 16 79 6.9 -2.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 14.6 25 70 7.8 -1.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.9 18 77 5.4 -3.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.8 45 50 13.1 +3.9
BICK First Trust BICK Index Fund 13.7 64 31 4.4 -4.8
DEM WisdomTree Emerging Markets High Dividend Fund 13.6 63 32 14.2 +5.0
XCEM Columbia EM Core ex-China ETF 13.6 16 79 7.1 -2.1
PGJ Invesco Golden Dragon China ETF 13.3 70 25 3.2 -6.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 12.9 60 35 7.1 -2.1
CQQQ Invesco China Technology ETF 12.8 70 25 3.8 -5.5
FNI First Trust Chindia ETF 12.6 60 35 2.7 -6.6
FEM First Trust Emerging Markets AlphaDEX Fund 12.4 80 15 12.8 +3.6
OGIG O'Shares Global Internet Giants ETF 12.3 48 47 0.7 -8.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.7 40 55 7.0 -2.2
CHIC Global X Nasdaq China Technology ETF 11.6 66 29 3.9 -5.4
CHIQ Global X China Consumer ETF 11.4 65 30 7.0 -2.2
VSGX Vanguard ESG International Stock ETF 11.4 17 78 7.1 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 11.0 32 63 7.3 -2.0
PNQI Invesco NASDAQ Internet ETF 10.9 62 33 1.0 -8.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 10.7 50 45 10.3 +1.1
IXUS ishares Core MSCI Total International Stock ETF 10.4 9 86 7.4 -1.8
VIGI Vanguard International Dividend Appreciation ETF 10.4 25 70 5.6 -3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.3 29 66 9.9 +0.7
WUGI Esoterica NextG Economy ETF 10.3 75 20 1.7 -7.5
VYMI Vanguard International High Dividend Yield ETF 10.0 32 63 10.1 +0.8
VXUS Vanguard Total International Stock Index Fund 9.9 8 87 7.5 -1.7
GBUY Goldman Sachs Motif New Age Consumer ETF 9.8 50 45 1.8 -7.5
SOCL Global X Social Media ETF 9.7 65 30 1.8 -7.4
ONLN ProShares Online Retail ETF 9.7 58 37 0.8 -8.4
DVYE iShares Emerging Markets Dividend ETF 9.1 49 46 16.7 +7.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.1 47 48 12.7 +3.5
IQDF FlexShares International Quality Dividend Index Fund 9.0 47 48 12.2 +3.0
VEU Vanguard FTSE All-World ex-US Index Fund 9.0 8 87 7.5 -1.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.9 58 37 7.9 -1.4
ESPO VanEck Vectors Video Gaming & eSports ETF 8.9 55 40 2.5 -6.7
FLTW Franklin FTSE Taiwan ETF 8.8 19 76 6.0 -3.2
EWT iShares MSCI Taiwan ETF 8.8 59 36 5.6 -3.6
JOYY Infusive Compounding Global Equities ETF 8.8 50 45 3.6 -5.6
DINT Davis Select International ETF 8.8 68 27 5.7 -3.5
AIQ Global X Future Analytics Tech ETF 8.7 68 27 4.2 -5.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 8.6 51 44 14.1 +4.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.3 70 25 13.4 +4.1
CWI SPDR MSCI ACWI ex-US ETF 8.1 30 65 7.2 -2.1

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 16.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.