First Trust Developed International Equity Select ETF
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
17.9x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Developed International Equity Select ETF tracks an index of developed international ex-US equities, selected for low volatility and weighted according to a tiered methodology: first market-cap followed by modified equal weights.


FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $23
Currency USD
Expense ratio 65 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 427
Wgt avg mkt cap (mns) $41,838
Large cap (>$10bn) 72.8%
Mid cap ($2-10bn) 25.1%
Small cap (<$2bn) 0.6%
Developed mkts 94.9%
Emerging mkts 5.1%

TOP TEN HOLDINGS
ONO PHARMACEUTICAL CO LTD 2.4 %
ADMIRAL GROUP PLC 2.2 %
MITSUI SUMITOMO INSURANCE GR 2.0 %
BRIDGESTONE CORP 1.6 %
KYOCERA CORP 1.5 %
USS CO LTD 1.4 %
NINTENDO CO LTD 1.3 %
CRODA INTERNATIONAL PLC 1.3 %
NITORI CO LTD 1.2 %
ITOCHU CORP 1.2 %
Total 16.0 %

TOP COUNTRY EXPOSURE
JAPAN 21.8 %
BRITAIN 10.3 %
FRANCE 8.8 %
SWITZERLAND 8.4 %
CANADA 6.8 %
GERMANY 6.5 %
AUSTRALIA 6.3 %
SOUTH KOREA 4.9 %
NETHERLANDS 4.7 %
SWEDEN 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.0% 11.9% -- -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.77 80%
MSCI EAFE 0.84 94%
MSCI Emg. Mkts. 0.67 74%

Technical Indicators
Recent close $51.93
30d moving avg. $53.30
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $29,743

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the First Trust Developed International Equity Select ETF ETF based on the alternatives' overlap in portfolio holdings with RNDM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNDM Expense: 65 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNDM
Ticker Fund
Name
Overlap1
vs RNDM
(%)
Expense
ratio
(bp)
Savings
vs RNDM
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNDM
(%)
DFAI Dimensional International Core Equity Market ETF 54.3 18 47 6.2 +0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 37.8 45 20 6.2 +0.6
CIL VictoryShares International Volatility Weighted Index ETF 37.8 45 20 6.4 +0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.5 25 40 6.1 +0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 34.8 20 45 6.4 +0.8
SCHF Schwab International Equity ETF 34.4 6 59 6.5 +0.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 34.0 7 58 6.5 +0.8
EFA iShares MSCI EAFE ETF 33.5 32 33 6.2 +0.5
PDEV Principal International Multi-Factor Core Index ETF 33.1 25 40 7.0 +1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.0 35 30 6.0 +0.4
BKIE BNY Mellon International Equity ETF 32.9 4 61 6.5 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 32.7 20 45 6.2 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 32.3 20 45 6.2 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 32.3 5 60 6.3 +0.7
TPIF Timothy Plan International ETF 32.3 62 3 5.9 +0.3
VEA Vanguard FTSE Developed Markets ETF 32.1 5 60 6.5 +0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 32.0 30 35 6.1 +0.4
JHMD John Hancock Multifactor Developed International ETF 31.9 39 26 6.4 +0.7
IEFA iShares Core MSCI EAFE ETF 31.8 7 58 6.4 +0.7
RBIN Nationwide Risk-Based International Equity ETF 31.7 42 23 5.9 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 31.2 4 61 6.1 +0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 30.9 25 40 6.0 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 30.5 20 45 6.2 +0.5
DWM WisdomTree International Equity Fund 30.0 48 17 7.1 +1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 29.9 40 25 7.2 +1.5
FLEE Franklin FTSE Europe ETF 29.9 9 56 6.4 +0.8
FLEH Franklin FTSE Europe Hedged ETF 29.9 9 56 6.4 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 29.7 25 40 6.2 +0.6
IEUR iShares Core MSCI Europe ETF 29.6 9 56 6.4 +0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.4 45 20 6.0 +0.3
SPEU SPDR Portfolio Europe ETF 29.4 9 56 6.5 +0.9
BBEU JPMorgan BetaBuilders Europe ETF 29.3 9 56 6.6 +1.0
IQSI IQ Candriam ESG International Equity ETF 29.0 15 50 6.2 +0.6
ISZE iShares Edge MSCI Intl Size Factor ETF 28.8 30 35 6.1 +0.4
VGK Vanguard FTSE Europe ETF 28.8 8 57 6.6 +0.9
IEV iShares Europe ETF 28.7 59 6 6.1 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 28.5 32 33 6.3 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 28.3 39 26 5.6 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.2 45 20 7.4 +1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 28.0 40 25 6.0 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 27.6 8 57 6.6 +1.0
DOL WisdomTree International LargeCap Dividend Fund 27.5 48 17 7.1 +1.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.5 20 45 5.1 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 27.3 45 20 6.3 +0.6
VSGX Vanguard ESG International Stock ETF 27.3 17 48 6.3 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 27.1 24 41 6.5 +0.9
CWI SPDR MSCI ACWI ex-US ETF 26.9 30 35 6.2 +0.5
FNDF Schwab Fundamental International Large Co. Index ETF 26.5 25 40 7.5 +1.9
DMXF iShares ESG Advanced MSCI EAFE ETF 26.4 12 53 5.9 +0.3
IXUS ishares Core MSCI Total International Stock ETF 26.0 9 56 6.4 +0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.9 29 36 7.2 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.4 32 33 6.0 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 25.3 37 28 6.9 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.0 80 -15 5.9 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 24.8 29 36 7.1 +1.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 24.8 35 30 6.0 +0.3
FDEV Fidelity Targeted International Factor ETF 23.8 39 26 6.2 +0.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 23.8 23 42 6.2 +0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.8 30 35 5.4 -0.2
RESD WisdomTree International ESG Fund 23.6 30 35 6.3 +0.7
EFG iShares MSCI EAFE Growth ETF 23.6 40 25 4.0 -1.7
IQIN IQ 500 International ETF 23.5 25 40 7.3 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 23.1 39 26 6.7 +1.1
AVDE Avantis International Equity ETF 22.7 23 42 6.7 +1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 22.4 14 51 6.0 +0.3
EFV iShares MSCI EAFE Value ETF 22.1 39 26 8.1 +2.5
EURZ Xtrackers Eurozone Equity ETF 21.6 9 56 6.3 +0.7
DWMF WisdomTree International Multifactor Fund 21.3 38 27 6.2 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.1 45 20 5.9 +0.3
QINT American Century Quality Diversified International ETF 21.0 39 26 6.2 +0.6
VXUS Vanguard Total International Stock ETF 20.8 8 57 6.6 +0.9
EZU iShares MSCI Eurozone ETF 20.3 51 14 5.9 +0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.1 16 49 5.9 +0.3
VYMI Vanguard International High Dividend Yield ETF 19.9 27 38 9.0 +3.4
VWID Virtus WMC International Dividend ETF 19.9 49 16 7.5 +1.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.2 30 35 3.8 -1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 19.1 58 7 6.5 +0.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 17.5 30 35 7.7 +2.1
DTH WisdomTree International High Dividend Fund 17.2 58 7 8.4 +2.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 16.9 42 23 4.8 -0.8
IDHQ Invesco S&P International Developed Quality ETF 16.8 29 36 5.1 -0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 16.6 47 18 8.1 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 16.6 83 -18 5.3 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 16.3 30 35 5.5 -0.1
LVHI Legg Mason International Low Volatility High Dividend ETF 16.1 40 25 8.9 +3.2
VPL Vanguard FTSE Pacific ETF 16.0 8 57 6.3 +0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.0 35 30 7.6 +2.0
IQDF FlexShares International Quality Dividend Index Fund 15.9 47 18 8.1 +2.4
VIGI Vanguard International Dividend Appreciation ETF 15.7 20 45 4.8 -0.8
TOK iShares MSCI Kokusai ETF 15.2 25 40 4.9 -0.7
IGRO iShares International Dividend Growth ETF 15.1 15 50 7.1 +1.4
KOKU Xtrackers MSCI Kokusai Equity ETF 15.1 9 56 5.1 -0.5
URTH iShares MSCI World ETF 15.1 24 41 5.1 -0.6
RFEU First Trust Riverfront Dynamic Europe ETF 15.0 83 -18 5.2 -0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 14.9 30 35 9.6 +4.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 14.7 20 45 9.5 +3.8
FIVA Fidelity International Value Factor ETF 14.2 39 26 8.7 +3.1

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Developed International Equity Select 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 10.7 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
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.