US Equity Dividend Select ETF
ALTAR
Score™
10.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.3x P/Sales
ratio
0.8x
P/BV
ratio
1.8x Div.
yield
5.7%


  • 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) $4
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 116
Wgt avg mkt cap (mns) $53,723
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 16.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GILEAD SCIENCES INC 5.3 %
ABBVIE INC 4.6 %
CARDINAL HEALTH INC 4.0 %
INTL BUSINESS MACHINES CORP 3.9 %
PFIZER INC 3.6 %
SEAGATE TECHNOLOGY 3.3 %
UNITED PARCEL SERVICE-CL B 2.9 %
3M CO 2.9 %
BROADCOM INC. 2.7 %
EATON CORP PLC 2.6 %
Total 35.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.3 %
IRELAND 6.0 %
BRITAIN 0.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.4% -16.2% -- -- -1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.09 91%
MSCI EAFE 1.08 84%
MSCI Emg. Mkts. 0.79 67%

Technical Indicators
Recent close $16.66
30d moving avg. $19.20
Annualized volatility 18.1%
Short interest (ETF) 1.7%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.2%
Bid/Ask (% of price) 1.53%
ADV underlying (mns) $38,579

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the US Equity Dividend Select ETF 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™: 10.7%


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
(%)
DHS WisdomTree U.S. High Dividend Fund 45.1 38 12 10.6 -0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 38.8 38 12 10.3 -0.4
SDOG ALPS Sector Dividend Dogs ETF 38.4 40 10 14.1 +3.4
SPDV AAM S&P 500 High Dividend Value ETF 38.3 29 21 14.7 +4.0
USDY Pacific Global US Equity Income ETF 34.4 29 21 10.7 +0.1
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 34.1 35 15 11.6 +0.9
SPYD SPDR S&P 500 High Dividend ETF 33.8 7 43 14.4 +3.7
DVOP Source Dividend Opportunity ETF 32.0 50 0 11.5 +0.8
DEW WisdomTree Global High Dividend Fund 31.7 58 -8 11.6 +0.9
VYM Vanguard High Dividend Yield Index ETF 31.1 6 44 9.0 -1.7
FDRR Fidelity Dividend ETF for Rising Rates 30.1 29 21 9.8 -0.9
JKF iShares Morningstar Large Cap Value ETF 29.6 25 25 9.7 -1.0
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF 29.4 35 15 11.6 +0.9
SCHD Schwab U.S. Dividend Equity ETF 29.2 6 44 9.3 -1.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 29.1 30 20 12.0 +1.3
FDL First Trust Morningstar Dividend Leaders Index Fund 29.0 45 5 11.2 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 28.8 28 22 8.1 -2.5
VLUE iShares Edge MSCI USA Value Factor ETF 28.1 15 35 14.6 +4.0
JDIV JPMorgan U.S. Dividend ETF 28.0 12 38 11.0 +0.3
DTD WisdomTree U.S.Total Dividend Fund 27.4 28 22 8.6 -2.1
QDIV Global X S&P 500 Quality Dividend ETF 27.0 20 30 10.9 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 26.7 4 46 9.1 -1.6
RNLC Large Cap US Equity Select ETF 26.0 60 -10 8.2 -2.5
OUSA O'Shares FTSE US Quality Dividend ETF 26.0 48 2 7.1 -3.6
VOOV Vanguard S&P 500 Value ETF 25.9 15 35 9.3 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 25.9 4 46 9.4 -1.3
IVE iShares S&P 500 Value ETF 25.8 18 32 9.2 -1.5
VTV Vanguard Value Index Fund 25.6 4 46 9.3 -1.4
IUSV iShares Core S&P U.S. Value ETF 24.8 4 46 9.5 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 24.6 29 21 10.2 -0.5
MGV Vanguard Mega Cap Value ETF 24.3 7 43 9.0 -1.7
NULV Nuveen ESG Large-Cap Value ETF 24.0 35 15 9.5 -1.2
DIVB iShares U.S. Dividend & Buyback ETF 23.9 25 25 8.9 -1.8
VALQ American Century STOXX U.S. Quality Value ETF 23.8 29 21 12.0 +1.3
JVAL JPMorgan U.S. Value Factor ETF 23.7 12 38 12.2 +1.5
ONEY SPDR Russell 1000 Yield Focus ETF 23.5 20 30 12.4 +1.7
QDF FlexShares Quality Dividend Index Fund 23.5 37 13 9.0 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 23.0 39 11 9.4 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 23.0 35 15 12.3 +1.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 22.9 37 13 9.3 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 22.8 15 35 8.2 -2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 22.6 25 25 8.5 -2.2
GBDV Global Beta Smart Income ETF 22.6 29 21 16.7 +6.0
FVAL Fidelity Value Factor ETF 22.6 29 21 11.1 +0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 22.3 17 33 9.4 -1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 22.0 9 41 8.5 -2.2
COWZ Pacer US Cash Cows 100 ETF 22.0 49 1 14.0 +3.3
FTA First Trust Large Cap Value AlphaDEX Fund 22.0 60 -10 12.4 +1.7
LVHD Legg Mason Low Volatility High Dividend ETF 21.9 27 23 8.8 -1.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.5 25 25 8.6 -2.1
QDEF FlexShares Quality Dividend Defensive Index Fund 21.3 37 13 8.0 -2.7
VLU SPDR S&P 1500 Value Tilt ETF 21.3 12 38 9.8 -0.9
RWL Invesco S&P 500 Revenue ETF 21.1 39 11 9.3 -1.3
DVY iShares Select Dividend ETF 21.1 39 11 10.9 +0.2
VONV Vanguard Russell 1000 Value Index Fund 20.9 8 42 9.4 -1.3
IWD iShares Russell 1000 Value ETF 20.6 19 31 9.3 -1.4
RSP Invesco S&P 500 Equal Weight ETF 20.3 20 30 8.9 -1.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 20.2 45 5 6.4 -4.3
EQWL Invesco Russell Top 200 Equal Weight ETF 20.2 25 25 7.7 -3.0
EPS WisdomTree U.S. Earnings 500 Fund 19.9 8 42 8.6 -2.1
FLAG FLAG-Forensic Accounting Long Short ETF 19.8 152 -102 12.1 +1.4
IUS Invesco Strategic US ETF 19.5 19 31 8.1 -2.6
FVD First Trust Value Line Dividend Index Fund 19.4 70 -20 8.2 -2.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 19.4 60 -10 10.0 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.2 29 21 8.2 -2.4
DGRO iShares Core Dividend Growth ETF 19.0 8 42 8.5 -2.2
FDVV Fidelity Core Dividend ETF 19.0 29 21 9.9 -0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 18.7 29 21 8.5 -2.2
ROUS Hartford Multifactor US Equity ETF 18.7 19 31 9.4 -1.3
FEX First Trust Large Cap Core AlphaDEX Fund 18.6 60 -10 8.2 -2.4
PWV Invesco Dynamic Large Cap Value ETF 18.6 55 -5 10.8 +0.1
AFLG First Trust Active Factor Large Cap ETF 18.5 55 -5 7.8 -2.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.5 19 31 8.5 -2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.2 30 20 8.0 -2.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 18.0 34 16 6.8 -3.8
CATH Global X S&P 500 Catholic Values Custom ETF 18.0 29 21 7.1 -3.6
EUSA iShares MSCI USA Equal Weighted ETF 17.7 15 35 8.6 -2.1
PEY Invesco High Yield Equity Dividend Achievers ETF 17.7 53 -3 10.1 -0.6
VFVA Vanguard U.S. Value Factor ETF 17.6 13 37 16.9 +6.3
JKI iShares Morningstar Mid-Cap Value ETF 17.6 30 20 13.6 +2.9
IWX iShares Russell Top 200 Value ETF 17.6 20 30 8.9 -1.8
JHML John Hancock Multifactor Large Cap ETF 17.5 34 16 7.6 -3.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 17.5 50 0 7.7 -3.0
QUS SPDR MSCI USA StrategicFactors ETF 17.5 15 35 7.4 -3.3
GCOW Pacer Global High Dividend ETF 17.4 60 -10 13.1 +2.5
HDV iShares Core High Dividend ETF 17.4 8 42 8.3 -2.4
SPXT ProShares S&P 500 Ex-Technology ETF 17.4 27 23 7.4 -3.3
JMIN JPMorgan U.S. Minimum Volatility ETF 17.3 12 38 7.3 -3.4
LSLT Salt Low truBeta US Market ETF 17.3 0 50 8.7 -2.0
RBUS Nationwide Risk-Based U.S. Equity ETF 17.2 30 20 7.3 -3.4
PBP Invesco S&P 500 BuyWrite ETF 17.1 49 1 6.8 -3.9
HSPX Global X S&P 500 Covered Call ETF 17.1 65 -15 6.6 -4.1
JQUA JPMorgan U.S. Quality Factor ETF 16.9 12 38 6.7 -4.0
REVS Columbia Research Enhanced Value ETF 16.9 19 31 10.0 -0.7
SIZE iShares Edge MSCI USA Size Factor ETF 16.6 15 35 8.4 -2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.6 9 41 7.4 -3.3
SPY SPDR S&P 500 ETF Trust 16.6 9 41 7.2 -3.5
SPLG SPDR Portfolio Large Cap ETF 16.6 3 47 7.2 -3.5
VOO VANGUARD S&P 500 ETF 16.6 3 47 7.2 -3.5
IVV iShares Core S&P 500 ETF 16.6 4 46 7.2 -3.5

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:
US Equity Dividend Select 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 19.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 10.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.51
 
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.