Large Cap US Equity Select
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.4x P/Sales
ratio
1.6x
P/BV
ratio
2.8x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Large Cap US Equity Select ETF tracks a dividend-selected, tier-weighted index of Large-Cap U.S. Equities.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $20
Currency USD
Expense ratio 60 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 389
Wgt avg mkt cap (mns) $75,351
Large cap (>$10bn) 96.3%
Mid cap ($2-10bn) 3.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CENTURYTEL INC 0.9 %
VERIZON COMMUNICATIONS INC 0.8 %
AT&T INC 0.8 %
SKYWORKS SOLUTIONS INC 0.7 %
DXC TECHNOLOGY CO. 0.7 %
NVIDIA CORP 0.7 %
APPLE INC 0.7 %
LAM RESEARCH CORP 0.6 %
NETAPP INC 0.6 %
SS&C TECHNOLOGIES HOLDINGS 0.6 %
Total 7.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 2.2 %
BERMUDA 0.7 %
SWITZERLAND 0.6 %
CHINA 0.3 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.8% 14.2% -- -- 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 96%
MSCI EAFE 1.04 75%
MSCI Emg. Mkts. 0.70 55%

Technical Indicators
Recent close $24.64
30d moving avg. $24.12
Annualized volatility 14.1%
Short interest (ETF) 1.9%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $109,664

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RNLC Expense: 60 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNLC
Ticker Fund
Name
Overlap1
vs RNLC
(%)
Expense
ratio
(bp)
Savings
vs RNLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNLC
(%)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 67.2 9 51 5.9 -0.3
RSP Invesco S&P 500 Equal Weight 63.9 20 40 6.7 +0.5
EUSA iShares MSCI USA Equal Weight 58.5 15 45 6.3 +0.2
SIZE iShares MSCI USA Size Factor 57.7 15 45 6.2 -0.0
JHML John Hancock Multifactor Large Cap 57.4 34 26 5.9 -0.3
FEX First Trust Large Cap Core Alphadex 56.3 61 -1 6.2 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 54.0 9 51 6.0 -0.2
CFA Compass EMP US 500 Volatility Weighted 51.6 35 25 6.0 -0.2
CFO Victory CEMP US 500 Enhanced Volatility Wtd 51.5 35 25 6.0 -0.2
SCIU Global X Scientific Beta US 50.4 19 41 5.6 -0.6
PBP Invesco S&P 500 Buy/Write 49.7 49 11 5.4 -0.8
JPUS JPMorgan Diversified Return U.S. Equity 49.5 19 41 6.2 +0.0
HSPX Global X S&P 500 Covered Call 49.4 65 -5 5.3 -0.9
PBUS Invesco PureBeta MSCI USA 49.2 4 56 5.9 -0.3
SPY S&P 500 SPDR 49.2 9 51 5.8 -0.4
IVV iShares Core S&P 500 49.1 4 56 5.8 -0.3
VOO Vanguard S&P 500 ETF 49.0 3 57 5.9 -0.3
VV Vanguard Large-Cap ETF 48.9 4 56 5.7 -0.4
BBUS JP Morgan Betabuilders U.S. Equity 48.8 2 58 5.8 -0.4
SCHX Schwab U.S. Large-Cap 48.5 3 57 5.8 -0.4

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%.

Content on this tab for subscribers only**

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:
Large Cap US Equity Select
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 16.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.56
 
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.