Large Cap US Equity Select ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.7x P/Sales
ratio
1.5x
P/BV
ratio
2.5x Div.
yield
2.4%


  • 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) $18
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 381
Wgt avg mkt cap (mns) $81,048
Large cap (>$10bn) 91.3%
Mid cap ($2-10bn) 8.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MARVELL TECHNOLOGY GROUP LTD 1.0 %
TERADYNE INC 1.0 %
NVIDIA CORP 0.9 %
MICROCHIP TECHNOLOGY INC 0.9 %
APPLE INC 0.9 %
SKYWORKS SOLUTIONS INC 0.9 %
LAM RESEARCH CORP 0.8 %
NXP SEMICONDUCTORS NV 0.8 %
KLA-TENCOR CORPORATION 0.8 %
ANALOG DEVICES INC 0.8 %
Total 8.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 2.1 %
BERMUDA 1.2 %
NETHERLANDS 0.8 %
SWITZERLAND 0.6 %
BRITAIN 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.5% 1.3% -- -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.08 98%
MSCI EAFE 1.08 85%
MSCI Emg. Mkts. 0.78 69%

Technical Indicators
Recent close $22.54
30d moving avg. $22.82
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $204,417

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Large Cap US Equity Select ETF 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™: 6.3%


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
(%)
RNDV US Equity Dividend Select ETF 61.1 50 10 7.7 +1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 59.9 9 51 5.9 -0.3
RSP Invesco S&P 500 Equal Weight ETF 59.5 20 40 6.8 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 56.7 15 45 6.3 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 56.1 15 45 6.4 +0.1
JHML John Hancock Multifactor Large Cap ETF 54.1 29 31 5.6 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.5 9 51 5.6 -0.7
SCIU Global X Scientific Beta US ETF 49.3 19 41 5.8 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 48.9 35 25 6.0 -0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 48.7 18 42 6.3 +0.0
FEX First Trust Large Cap Core AlphaDEX Fund 48.5 60 0 6.1 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.5 30 30 6.6 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.9 25 35 6.6 +0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 46.8 17 43 6.6 +0.3
PBP Invesco S&P 500 BuyWrite ETF 46.2 49 11 5.0 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 46.2 39 21 6.9 +0.6
HSPX Global X S&P 500 Covered Call ETF 46.0 65 -5 4.9 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 45.8 8 52 6.5 +0.2
SPY SPDR S&P 500 ETF Trust 45.7 9 51 5.4 -0.9
VOO VANGUARD S&P 500 ETF 45.7 3 57 5.4 -0.8
SPLG SPDR Portfolio Large Cap ETF 45.7 3 57 5.4 -0.8
IVV iShares Core S&P 500 ETF 45.7 4 56 5.4 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 45.5 15 45 5.9 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.5 25 35 6.6 +0.4
PBUS Invesco PureBeta MSCI USA ETF 45.5 4 56 5.3 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.4 20 40 5.4 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 45.3 2 58 5.3 -1.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 45.3 29 31 6.8 +0.6
VV Vanguard Large-Cap Index Fund 45.2 4 56 5.3 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 45.1 25 35 6.6 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.1 7 53 5.2 -1.1
SCHX Schwab U.S. Large-Cap ETF 45.1 3 57 5.3 -1.0
RWL Invesco S&P 500 Revenue ETF 45.0 39 21 7.3 +1.0
SPXE ProShares S&P 500 Ex-Energy ETF 44.8 27 33 5.3 -1.0
DTD WisdomTree U.S.Total Dividend Fund 44.5 28 32 6.7 +0.4
VOOV Vanguard S&P 500 Value ETF 44.3 15 45 7.4 +1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 44.3 17 43 6.5 +0.2
VLU SPDR S&P 1500 Value Tilt ETF 44.2 12 48 7.5 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 44.2 4 56 7.5 +1.2
IVE iShares S&P 500 Value ETF 44.2 18 42 7.3 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 44.1 28 32 6.4 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 44.0 3 57 5.5 -0.7
SCHK Schwab 1000 Index ETF 44.0 5 55 5.3 -1.0
VONE Vanguard Russell 1000 ETF 43.9 8 52 5.3 -1.0
IYY iShares Dow Jones U.S. ETF 43.9 20 40 5.2 -1.1
IWD iShares Russell 1000 Value ETF 43.8 19 41 7.2 +1.0
IUS Invesco Strategic US ETF 43.8 19 41 6.7 +0.5
IWB iShares Russell 1000 ETF 43.7 15 45 5.2 -1.1
ESGU iShares MSCI USA ESG Optimized ETF 43.6 15 45 5.1 -1.2
IUSV iShares Core S&P U.S. Value ETF 43.3 4 56 7.6 +1.3
SCHV Schwab U.S. Large-Cap Value ETF 43.1 4 56 7.2 +1.0
CATH Global X S&P 500 Catholic Values Custom ETF 43.1 29 31 5.2 -1.0
SCHB Schwab U.S. Broad Market ETF 42.9 3 57 5.3 -1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.8 3 57 5.2 -1.1
VTI Vanguard Total Stock Market Index Fund 42.5 3 57 5.2 -1.1
SFY SoFi Select 500 ETF 42.5 0 60 5.2 -1.0
AVUS Avantis U.S. Equity ETF 42.5 15 45 5.8 -0.5
VTHR Vanguard Russell 3000 Index Fund 42.5 10 50 5.1 -1.1
IWV iShares Russell 3000 ETF 42.3 20 40 5.1 -1.2
ONEO SPDR Russell 1000 Momentum Focus ETF 42.2 20 40 6.6 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 41.9 27 33 5.7 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.9 29 31 6.3 +0.0
SPXN ProShares S&P 500 Ex-Financials ETF 41.0 27 33 5.0 -1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 40.2 27 33 5.0 -1.3
VONV Vanguard Russell 1000 Value Index Fund 39.8 8 52 7.4 +1.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 39.8 29 31 8.3 +2.1
MGC Vanguard Mega Cap Index Fund 39.6 7 53 5.2 -1.0
VTV Vanguard Value Index Fund 39.4 4 56 7.5 +1.2
AFLG First Trust Active Factor Large Cap ETF 39.1 55 5 5.6 -0.7
ROUS Hartford Multifactor US Equity ETF 39.0 19 41 7.4 +1.1
FLQL Franklin LibertyQ U.S. Equity ETF 39.0 15 45 6.3 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 38.5 20 40 5.0 -1.3
ESGV Vanguard ESG U.S. Stock ETF 38.5 12 48 5.2 -1.1
JVAL JPMorgan U.S. Value Factor ETF 38.5 12 48 8.8 +2.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 38.4 35 25 5.4 -0.8
IQSU IQ Candriam ESG US Equity ETF 38.4 9 51 5.1 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.2 25 35 6.7 +0.4
SNPE Xtrackers S&P 500 ESG ETF 37.9 11 49 5.1 -1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 37.9 0 60 5.2 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.6 15 45 6.2 -0.1
DGRO iShares Core Dividend Growth ETF 37.6 8 52 6.7 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 37.0 20 40 7.7 +1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 36.8 9 51 5.7 -0.5
TOK iShares MSCI Kokusai ETF 36.6 25 35 5.6 -0.7
USDY Pacific Global US Equity Income ETF 36.4 29 31 7.3 +1.1
RAFE PIMCO RAFI ESG U.S. ETF 36.3 29 31 7.8 +1.6
IWR iShares Russell Midcap ETF 35.9 19 41 5.7 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.7 12 48 4.9 -1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.6 4 56 5.8 -0.4
EXT WisdomTree U.S. Total Earnings Fund 35.5 28 32 5.2 -1.0
IWL iShares Russell Top 200 ETF 35.5 15 45 5.0 -1.2
ESG FlexShares STOXX US ESG Impact Index Fund 35.3 32 28 5.1 -1.2
FTA First Trust Large Cap Value AlphaDEX Fund 35.2 60 0 9.4 +3.1
RBUS Nationwide Risk-Based U.S. Equity ETF 34.9 30 30 5.1 -1.2
URTH iShares MSCI World ETF 34.9 24 36 5.7 -0.6
EQAL Invesco Russell 1000 Equal Weight ETF 34.5 20 40 5.8 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 34.3 10 50 5.3 -0.9
DSI iShares MSCI KLD 400 Social ETF 34.3 25 35 5.1 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 34.3 12 48 5.3 -1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.3 10 50 5.3 -1.0

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:
Large Cap US Equity Select ETF
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 16.1 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.52
 
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.