Large Cap US Equity Select ETF
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
1.9x
P/BV
ratio
3.2x Div.
yield
1.9%


  • 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) $21
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 361
Wgt avg mkt cap (mns) $86,925
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TERADYNE INC 1.0 %
LAM RESEARCH CORP 1.0 %
APPLIED MATERIALS INC 1.0 %
MICROCHIP TECHNOLOGY INC 0.9 %
XILINX INC 0.9 %
KLA-TENCOR CORPORATION 0.9 %
QUALCOMM INC 0.9 %
NXP SEMICONDUCTORS NV 0.9 %
AMPHENOL CORP-CL A 0.9 %
WESTERN DIGITAL CORP 0.9 %
Total 9.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
IRELAND 2.9 %
SWITZERLAND 1.4 %
NETHERLANDS 0.9 %
BERMUDA 0.8 %
BRITAIN 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.5% 2.1% -- -- 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.03 97%
MSCI EAFE 1.07 86%
MSCI Emg. Mkts. 0.78 70%

Technical Indicators
Recent close $26.87
30d moving avg. $25.18
Annualized volatility 18.8%
Short interest (ETF) 1.5%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $119,110

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 5.5%


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 ETF 58.1 9 51 5.4 -0.1
RSP Invesco S&P 500 Equal Weight ETF 56.2 20 40 5.8 +0.3
JHML John Hancock Multifactor Large Cap ETF 53.3 29 31 5.0 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 52.3 15 45 5.5 +0.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 51.4 35 25 5.3 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 51.4 35 25 5.3 -0.2
SIZE iShares MSCI USA Size Factor ETF 51.2 15 45 5.4 -0.0
SCHV Schwab U.S. Large-Cap Value ETF 48.2 4 56 6.2 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.9 9 51 5.2 -0.3
RNDV US Equity Dividend Select ETF 47.4 50 10 7.7 +2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 47.3 17 43 6.2 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 47.1 30 30 6.1 +0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 46.9 18 42 5.7 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.5 25 35 5.9 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 46.3 60 0 5.0 -0.5
HSPX Global X S&P 500 Covered Call ETF 46.1 60 0 4.6 -0.9
PBP Invesco S&P 500 BuyWrite ETF 45.8 49 11 4.7 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 45.7 8 52 5.9 +0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 45.7 60 0 4.6 -0.9
SPLG SPDR Portfolio Large Cap ETF 45.4 3 57 5.0 -0.5
IVV iShares Core S&P 500 ETF 45.4 3 57 5.0 -0.5
SPY SPDR S&P 500 ETF Trust 45.4 9 51 4.9 -0.5
VOOV Vanguard S&P 500 Value ETF 45.2 10 50 6.6 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 45.1 15 45 5.4 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.1 20 40 4.9 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 45.1 39 21 6.0 +0.6
VOO VANGUARD S&P 500 ETF 45.0 3 57 5.0 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.0 25 35 5.9 +0.4
PBUS Invesco PureBeta MSCI USA ETF 44.9 4 56 4.8 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.7 2 58 4.8 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.7 7 53 4.8 -0.7
SCHX Schwab U.S. Large-Cap ETF 44.3 3 57 4.8 -0.7
VV Vanguard Large-Cap Index Fund 44.2 4 56 4.8 -0.7
SPYV SPDR Portfolio S&P 500 Value ETF 44.1 4 56 6.7 +1.2
IVE iShares S&P 500 Value ETF 44.1 18 42 6.5 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 44.1 27 33 4.9 -0.6
VONV Vanguard Russell 1000 Value Index Fund 43.9 8 52 6.3 +0.9
SPTM SPDR Portfolio Total Stock Market ETF 43.8 3 57 5.1 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 43.6 17 43 5.9 +0.4
SCHK Schwab 1000 Index ETF 43.5 5 55 4.8 -0.7
RWL Invesco S&P 500 Revenue ETF 43.5 39 21 6.4 +0.9
IYY iShares Dow Jones U.S. ETF 43.4 20 40 4.6 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 43.4 25 35 6.1 +0.6
IWD iShares Russell 1000 Value ETF 43.4 19 41 6.2 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 43.4 28 32 5.9 +0.5
IWB iShares Russell 1000 ETF 43.4 15 45 4.7 -0.8
IUSV iShares Core S&P U.S. Value ETF 43.3 4 56 6.7 +1.3
DTD WisdomTree U.S.Total Dividend Fund 43.2 28 32 6.1 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 43.0 12 48 6.4 +0.9
VTHR Vanguard Russell 3000 Index Fund 42.6 10 50 4.6 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 42.3 29 31 4.7 -0.8
IUS Invesco Strategic US ETF 42.2 19 41 5.7 +0.2
SCHB Schwab U.S. Broad Market ETF 42.2 3 57 4.7 -0.8
SFY SoFi Select 500 ETF 42.1 0 60 4.7 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.0 3 57 4.7 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 42.0 15 45 4.7 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 41.9 29 31 6.1 +0.6
IWV iShares Russell 3000 ETF 41.9 20 40 4.5 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 41.5 27 33 5.1 -0.4
VTV Vanguard Value Index Fund 41.4 4 56 6.7 +1.2
ESGV Vanguard ESG U.S. Stock ETF 41.3 12 48 4.7 -0.8
VTI Vanguard Total Stock Market Index Fund 41.2 3 57 4.6 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.2 29 31 5.2 -0.3
VONE Vanguard Russell 1000 ETF 41.1 8 52 4.8 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 40.9 20 40 5.9 +0.4
AVUS Avantis U.S. Equity ETF 40.7 15 45 5.1 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 40.6 27 33 4.6 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 40.1 27 33 4.6 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 38.8 35 25 5.1 -0.4
JVAL JPMorgan U.S. Value Factor ETF 38.6 12 48 7.4 +1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 38.4 20 40 4.6 -0.9
MGC Vanguard Mega Cap Index Fund 38.1 7 53 4.8 -0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 38.0 60 0 5.7 +0.3
FLQL Franklin LibertyQ U.S. Equity ETF 38.0 15 45 5.8 +0.4
IQSU IQ Candriam ESG US Equity ETF 37.9 9 51 4.7 -0.8
DGRO iShares Core Dividend Growth ETF 37.3 8 52 6.1 +0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 37.2 25 35 5.6 +0.1
SNPE Xtrackers S&P 500 ESG ETF 36.9 10 50 4.7 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 36.9 9 51 5.2 -0.3
EFIV SPDR S&P 500 ESG ETF 36.9 10 50 4.7 -0.8
TOK iShares MSCI Kokusai ETF 36.8 25 35 5.1 -0.4
AFLG First Trust Active Factor Large Cap ETF 36.8 55 5 4.9 -0.6
ROUS Hartford Multifactor US Equity ETF 36.7 19 41 6.1 +0.6
FTA First Trust Large Cap Value AlphaDEX Fund 36.3 60 0 7.5 +2.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.3 15 45 5.8 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 36.2 30 30 4.7 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 36.0 32 28 4.7 -0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.9 4 56 4.8 -0.7
RAFE PIMCO RAFI ESG U.S. ETF 35.5 29 31 6.9 +1.5
USDY Pacific Global US Equity Income ETF 35.4 29 31 7.7 +2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 35.3 0 60 4.8 -0.7
IWL iShares Russell Top 200 ETF 35.2 15 45 4.6 -0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 35.1 29 31 6.4 +0.9
URTH iShares MSCI World ETF 34.9 24 36 5.2 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.8 12 48 4.2 -1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.2 10 50 4.9 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 34.2 10 50 4.9 -0.6
KRMA Global X Conscious Companies ETF 33.8 43 17 4.8 -0.7
DSI iShares MSCI KLD 400 Social ETF 33.7 25 35 4.7 -0.7

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 17.6 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.50
 
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.