US Equity Dividend Select
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.3x P/Sales
ratio
1.3x
P/BV
ratio
2.6x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust US Equity Dividend Select ETF tracks a sector-neutral US large-cap index selected and weighted by dividends.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $5
Currency USD
Expense ratio 50 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 185
Wgt avg mkt cap (mns) $73,984
Large cap (>$10bn) 96.9%
Mid cap ($2-10bn) 3.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VMWARE INC-CLASS A 2.8 %
ABBVIE INC 2.3 %
SEAGATE TECHNOLOGY 2.1 %
LAS VEGAS SANDS CORP 1.9 %
BROADCOM INC. 1.7 %
INTL BUSINESS MACHINES CORP 1.6 %
CARDINAL HEALTH INC 1.5 %
PFIZER INC 1.5 %
QUALCOMM INC 1.5 %
NETAPP INC 1.5 %
Total 18.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
IRELAND 3.7 %
SWITZERLAND 0.3 %
BRITAIN 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.7% 27.7% -- -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 1.02 88%
MSCI EAFE 1.04 72%
MSCI Emg. Mkts. 0.65 49%

Technical Indicators
Recent close $24.47
30d moving avg. $23.94
Annualized volatility 14.3%
Short interest (ETF) 5.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $43,880

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the US Equity Dividend Select ETF based on the alternatives' overlap in portfolio holdings with RNDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNDV Expense: 50 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNDV
Ticker Fund
Name
Overlap1
vs RNDV
(%)
Expense
ratio
(bp)
Savings
vs RNDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNDV
(%)
USDY Pacific Global US Equity Income 55.2 29 21 7.1 -0.2
OYLD Invesco Russell 1000 Yield Factor ETF 51.7 19 31 6.8 -0.5
DTN WisdomTree Dividend Ex-Financials 47.9 38 12 7.8 +0.5
VYM Vanguard High Dividend Yield ETF 45.7 6 44 6.9 -0.4
DLN WisdomTree Large Cap Dividend 44.2 28 22 6.3 -1.0
RNLC Large Cap US Equity Select 43.7 60 -10 5.9 -1.4
SCHV Schwab U.S. Large-Cap Value 43.4 4 46 6.7 -0.6
DTD WisdomTree Total Dividend 42.2 28 22 6.4 -0.9
FDRR Fidelity Dividend for Rising Rates 41.1 29 21 7.3 +0.0
SPYV SPDR Portfolio S&P 500 Value 38.7 4 46 6.9 -0.4
IVE iShares S&P 500 Value 38.7 18 32 6.8 -0.5
DIVB iShares U.S. Dividend & Buyback 38.5 25 25 6.4 -0.9
VTV Vanguard Value ETF 38.2 4 46 6.9 -0.4
IUSV iShares Core U.S. Value 37.1 4 46 7.0 -0.3
DHS WisdomTree Equity Income 36.4 38 12 7.6 +0.3
FLQL Franklin LibertyQ U.S. Equity 36.1 15 35 6.4 -0.9
FNDX Schwab Fundamental Large Cap 35.7 25 25 6.2 -1.1
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 35.3 35 15 7.5 +0.2
CDL Victory CEMP US Large Cap High Div Volatility Wtd 35.3 35 15 7.5 +0.2
QDIV Global X S&P 500 Quality Dividend 35.0 20 30 7.1 -0.2

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
US Equity Dividend Select
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 18.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.