Emerging Markets Equity Select ETF
ALTAR
Score™
10.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.5x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Emerging Markets Equity Select ETF tracks an index of emerging market stocks selected for low volatility.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $9
Currency USD
Expense ratio 75 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 276
Wgt avg mkt cap (mns) $40,861
Large cap (>$10bn) 50.1%
Mid cap ($2-10bn) 46.9%
Small cap (<$2bn) 2.4%
Developed mkts 4.0%
Emerging mkts 96.0%

TOP TEN HOLDINGS
SYNNEX TECHNOLOGY INTL CORP 3.3 %
COMPAL ELECTRONICS 3.1 %
TENCENT HOLDINGS LTD 3.0 %
TAIWAN CEMENT 2.9 %
ASUSTEK COMPUTER INC 2.8 %
NASPERS LTD-N SHS 2.3 %
POSTAL SAVINGS BANK OF CHINA CO., 1.4 %
PING AN INSURANCE GROUP CO-H 1.4 %
AGRICULTURAL BANK OF CHINA-H 1.4 %
BOC HONG KONG HOLDINGS LTD 1.4 %
Total 23.0 %

TOP COUNTRY EXPOSURE
TAIWAN 21.7 %
CHINA 20.7 %
INDIA 12.6 %
BRAZIL 9.8 %
SOUTH AFRICA 6.0 %
MEXICO 4.3 %
HONG KONG 3.8 %
THAILAND 3.6 %
MALAYSIA 3.0 %
INDONESIA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.9% -16.5% -- -- -4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.78 55%
MSCI EAFE 0.98 74%
MSCI Emg. Mkts. 0.87 88%

Technical Indicators
Recent close $43.27
30d moving avg. $40.04
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.63%
ADV underlying (mns) $6,649

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Emerging Markets Equity Select ETF ETF based on the alternatives' overlap in portfolio holdings with RNEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNEM Expense: 75 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNEM
Ticker Fund
Name
Overlap1
vs RNEM
(%)
Expense
ratio
(bp)
Savings
vs RNEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNEM
(%)
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 30.9 50 25 9.9 -0.5
JHEM John Hancock Multifactor Emerging Markets ETF 29.7 55 20 8.8 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 29.1 45 30 9.0 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 29.0 30 45 8.8 -1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 28.8 50 25 13.7 +3.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.9 30 45 9.4 -1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.8 39 36 13.1 +2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 27.5 29 46 9.9 -0.5
SCHE Schwab Emerging Markets Equity ETF 26.9 13 62 8.7 -1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 26.8 45 30 8.7 -1.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 26.2 49 26 8.3 -2.2
VWO Vanguard FTSE Emerging Markets ETF 26.1 10 65 8.8 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 25.8 11 64 8.6 -1.8
EEM iShares MSCI Emerging Markets ETF 25.7 68 7 8.3 -2.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.7 14 61 9.5 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.5 65 10 8.4 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 24.3 20 55 7.6 -2.8
IEMG iShares Core MSCI Emerging Markets ETF 23.7 14 61 8.7 -1.7
GMF SPDR S&P Emerging Asia Pacific ETF 23.6 49 26 8.0 -2.4
EMXC iShares MSCI Emerging Markets ex China ETF 23.5 49 26 8.4 -2.1
ESGE iShares ESG MSCI EM ETF 22.3 25 50 9.7 -0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 22.1 48 27 9.9 -0.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.8 40 35 7.9 -2.6
EEMA iShares MSCI Emerging Markets Asia ETF 21.3 50 25 8.4 -2.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.1 25 50 8.4 -2.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.8 49 26 9.0 -1.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 20.5 51 24 13.4 +3.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.8 32 43 6.8 -3.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 19.8 32 43 9.5 -0.9
ROAM Hartford Multifactor Emerging Markets ETF 19.7 44 31 14.8 +4.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.5 59 16 11.1 +0.6
DEM WisdomTree Emerging Markets High Dividend Fund 19.3 63 12 14.2 +3.8
DVEM WisdomTree Emerging Markets Dividend Fund 19.3 32 43 9.1 -1.3
FLAX Franklin FTSE Asia Ex Japan ETF 19.1 19 56 8.5 -1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 18.7 45 30 7.8 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 18.7 68 7 8.0 -2.5
BKF iShares MSCI BRIC ETF 18.4 69 6 8.5 -2.0
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 18.0 64 11 5.3 -5.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 17.8 45 30 9.7 -0.7
FXI iShares China Large-Cap ETF 17.7 74 1 13.5 +3.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 17.6 95 -20 10.1 -0.3
AVEM Avantis Emerging Markets Equity ETF 17.5 33 42 9.5 -0.9
AXJL WisdomTree Asia Pacific ex-Japan Fund 17.3 48 27 10.0 -0.4
ISEM Invesco Strategic Emerging Markets ETF 16.3 35 40 10.3 -0.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 15.3 32 43 7.9 -2.5
FEM First Trust Emerging Markets AlphaDEX Fund 14.1 80 -5 11.8 +1.3
CHIX Global X China Financials ETF 13.2 65 10 18.9 +8.5
GXC SPDR S&P China ETF 13.2 59 16 8.9 -1.5
FLCH Franklin FTSE China ETF 13.2 19 56 9.2 -1.2
MCHI iShares MSCI China ETF 13.1 59 16 9.1 -1.3
FLLA Franklin FTSE Latin America ETF 12.9 19 56 6.9 -3.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 12.7 45 30 10.0 -0.4
PIE Invesco DWA Emerging Markets Momentum ETF 12.7 90 -15 5.7 -4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 12.6 60 15 8.4 -2.0
AIA iShares Asia 50 ETF 12.6 50 25 8.9 -1.5
EWT iShares MSCI Taiwan ETF 12.5 59 16 6.4 -4.0
FLTW Franklin FTSE Taiwan ETF 12.4 19 56 6.7 -3.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 12.3 45 30 13.5 +3.1
EMFM Global X MSCI Next Emerging & Frontier ETF 12.1 55 20 8.7 -1.8
XCEM Columbia EM Core ex-China ETF 11.8 16 59 7.8 -2.6
KALL KraneShares FTSE Emerging Markets Plus ETF 11.7 49 26 9.2 -1.3
CN Xtrackers MSCI All China Equity ETF 11.4 50 25 9.4 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.2 20 55 10.9 +0.5
CHIL Global X MSCI China Large-Cap 50 ETF 11.2 29 46 9.5 -0.9
WCHN WisdomTree ICBCCS S&P China 500 Fund 11.2 55 20 9.2 -1.2
ECON Columbia Emerging Markets Consumer ETF 10.7 59 16 4.9 -5.5
DVYE iShares Emerging Markets Dividend ETF 10.6 49 26 13.0 +2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 10.3 30 45 7.1 -3.3
PIN Invesco India ETF 10.3 82 -7 6.4 -4.0
FLIN Franklin FTSE India ETF 10.1 19 56 6.4 -4.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.0 16 59 7.1 -3.3
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.6 58 17 5.6 -4.8
INDA iShares MSCI India ETF 9.5 69 6 6.1 -4.4
EPI WisdomTree India Earnings Fund 8.5 85 -10 9.9 -0.5
FLBR Franklin FTSE Brazil ETF 8.4 19 56 5.3 -5.1
VSGX Vanguard ESG International Stock ETF 8.4 17 58 7.4 -3.0
EDIV SPDR S&P Emerging Markets Dividend ETF 8.3 49 26 11.5 +1.1
VYMI Vanguard International High Dividend Yield ETF 8.2 32 43 10.1 -0.3
EWZ iShares MSCI Brazil Capped ETF 8.2 59 16 4.8 -5.6
VIGI Vanguard International Dividend Appreciation ETF 8.2 25 50 5.9 -4.5
FLN First Trust Latin America AlphaDEX Fund 8.0 80 -5 8.1 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 7.9 40 35 7.4 -3.0
MOTI VanEck Vectors Morningstar International Moat ETF 7.8 57 18 8.3 -2.1
FRDM Freedom 100 Emerging Markets ETF 7.5 49 26 7.2 -3.2
VEU Vanguard FTSE All-World ex-US Index Fund 7.5 8 67 7.7 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 7.3 32 43 7.5 -2.9
VXUS Vanguard Total International Stock Index Fund 7.2 8 67 7.7 -2.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.2 47 28 12.7 +2.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 7.0 50 25 20.8 +10.4
IXUS ishares Core MSCI Total International Stock ETF 7.0 9 66 7.6 -2.8
CWI SPDR MSCI ACWI ex-US ETF 6.9 30 45 7.6 -2.8
IQDF FlexShares International Quality Dividend Index Fund 6.8 47 28 12.9 +2.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 6.8 80 -5 8.7 -1.7
INDY iShares India 50 ETF 6.6 94 -19 6.3 -4.1
SDEM Global X SuperDividend Emerging Markets ETF 6.5 67 8 22.6 +12.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.3 80 -5 1.7 -8.7
ACWV iShares Edge MSCI Min Vol Global ETF 6.1 20 55 5.9 -4.6
EZA iShares MSCI South Africa ETF 6.0 59 16 9.6 -0.8
FLZA Franklin FTSE South Africa ETF 6.0 19 56 11.6 +1.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.9 70 5 13.0 +2.6

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:
Emerging Markets Equity 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 12.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.