Large Cap US Equity Select ETF
ALTAR
Score™
8.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.5x P/Sales
ratio
1.2x
P/BV
ratio
2.1x Div.
yield
3.1%


  • 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) $14
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 388
Wgt avg mkt cap (mns) $68,945
Large cap (>$10bn) 84.8%
Mid cap ($2-10bn) 15.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CITRIX SYSTEMS INC 1.1 %
SYMANTEC CORP 1.1 %
VERIZON COMMUNICATIONS INC 0.9 %
NVIDIA CORP 0.9 %
MICROSOFT CORP 0.8 %
ORACLE CORP 0.8 %
INTEL CORP 0.8 %
HARRIS CORP 0.8 %
SAIC INC 0.8 %
AT&T INC 0.7 %
Total 8.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 2.1 %
BERMUDA 0.9 %
SWITZERLAND 0.5 %
CHINA 0.4 %
BRITAIN 0.1 %





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.
-24.0% -13.0% -- -- -0.1%

Market Correlations
versus... Beta R-squared
S&P500 1.08 97%
MSCI EAFE 1.04 85%
MSCI Emg. Mkts. 0.76 68%

Technical Indicators
Recent close $18.01
30d moving avg. $20.41
Annualized volatility 17.4%
Short interest (ETF) 1.9%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.8%
Bid/Ask (% of price) 5.26%
ADV underlying (mns) $176,810

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™: 8.2%


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
(%)
RSP Invesco S&P 500 Equal Weight ETF 63.2 20 40 8.9 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 62.4 9 51 8.5 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 59.3 15 45 8.6 +0.4
SIZE iShares Edge MSCI USA Size Factor ETF 58.0 15 45 8.4 +0.2
JHML John Hancock Multifactor Large Cap ETF 57.2 34 26 7.6 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 54.1 9 51 7.4 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 51.3 19 41 8.5 +0.3
CFA Victory CEMP US 500 Volatility Weighted Index ETF 51.0 35 25 8.2 +0.0
FEX First Trust Large Cap Core AlphaDEX Fund 50.3 60 0 8.2 +0.1
SCIU Global X Scientific Beta US ETF 50.1 19 41 7.8 -0.4
PBP Invesco S&P 500 BuyWrite ETF 49.9 49 11 6.8 -1.4
HSPX Global X S&P 500 Covered Call ETF 49.7 65 -5 6.6 -1.6
SPY SPDR S&P 500 ETF Trust 48.9 9 51 7.2 -1.0
VV Vanguard Large-Cap Index Fund 48.9 4 56 7.1 -1.1
VOO VANGUARD S&P 500 ETF 48.9 3 57 7.2 -1.0
SPLG SPDR Portfolio Large Cap ETF 48.9 3 57 7.2 -1.0
IVV iShares Core S&P 500 ETF 48.9 4 56 7.2 -1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.7 2 58 7.2 -1.0
PBUS Invesco PureBeta MSCI USA ETF 48.6 4 56 7.2 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 48.5 20 40 7.2 -1.0
SCHX Schwab U.S. Large-Cap ETF 48.2 3 57 7.1 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 48.2 15 45 7.4 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 48.1 29 31 9.4 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 48.1 27 33 7.1 -1.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.1 25 35 8.5 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 47.9 8 52 8.6 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 47.7 39 21 9.4 +1.2
VONE Vanguard Russell 1000 ETF 47.5 8 52 7.1 -1.1
DTD WisdomTree U.S.Total Dividend Fund 47.4 28 32 8.6 +0.4
SCHK Schwab 1000 Index ETF 47.3 5 55 7.2 -1.0
IWB iShares Russell 1000 ETF 47.3 15 45 7.1 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 47.2 3 57 7.4 -0.8
IYY iShares Dow Jones U.S. ETF 47.1 20 40 7.1 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 47.0 28 32 8.1 -0.1
VOOV Vanguard S&P 500 Value ETF 46.9 15 45 9.3 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.9 25 35 8.6 +0.4
SPYV SPDR Portfolio S&P 500 Value ETF 46.9 4 56 9.4 +1.2
IVE iShares S&P 500 Value ETF 46.8 18 42 9.2 +1.0
IUS Invesco Strategic US ETF 46.1 19 41 8.1 -0.1
SCHB Schwab U.S. Broad Market ETF 46.1 3 57 7.2 -1.0
VLU SPDR S&P 1500 Value Tilt ETF 46.1 12 48 9.8 +1.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.1 3 57 7.1 -1.1
VTI Vanguard Total Stock Market Index Fund 46.0 3 57 7.1 -1.1
VTHR Vanguard Russell 3000 Index Fund 46.0 10 50 7.0 -1.2
RBUS Nationwide Risk-Based U.S. Equity ETF 46.0 30 30 7.3 -0.9
IUSV iShares Core S&P U.S. Value ETF 46.0 4 56 9.5 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 45.9 29 31 7.1 -1.1
IWV iShares Russell 3000 ETF 45.8 20 40 6.9 -1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 45.6 17 43 9.2 +1.0
RWL Invesco S&P 500 Revenue ETF 45.5 39 21 9.3 +1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 45.4 17 43 9.4 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 45.3 27 33 7.4 -0.8
SFY SoFi Select 500 ETF 45.1 0 60 6.7 -1.5
AVUS Avantis U.S. Equity ETF 45.0 15 45 8.1 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.7 30 30 8.0 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 44.1 27 33 6.7 -1.5
DIVB iShares U.S. Dividend & Buyback ETF 43.9 25 35 8.9 +0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.6 29 31 8.2 +0.1
SCHV Schwab U.S. Large-Cap Value ETF 43.6 4 56 9.1 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 43.6 15 45 6.8 -1.4
AFLG First Trust Active Factor Large Cap ETF 43.3 55 5 7.8 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 43.3 27 33 6.9 -1.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 43.2 29 31 10.7 +2.5
MGC Vanguard Mega Cap Index Fund 43.0 7 53 6.9 -1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 42.9 35 25 7.7 -0.5
ESGV Vanguard ESG U.S. Stock ETF 42.4 12 48 7.1 -1.1
IQSU IQ Candriam ESG US Equity ETF 42.1 9 51 6.8 -1.4
ONEO SPDR Russell 1000 Momentum Focus ETF 41.8 20 40 9.6 +1.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.8 25 35 8.7 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.6 20 40 6.7 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.6 12 48 6.9 -1.3
VONV Vanguard Russell 1000 Value Index Fund 41.5 8 52 9.4 +1.2
SNPE Xtrackers S&P 500 ESG ETF 41.3 11 49 7.0 -1.2
IWD iShares Russell 1000 Value ETF 41.1 19 41 9.3 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 40.9 15 45 7.0 -1.2
VTV Vanguard Value Index Fund 40.8 4 56 9.3 +1.1
EXT WisdomTree U.S. Total Earnings Fund 40.6 28 32 7.8 -0.4
FLQL Franklin LibertyQ U.S. Equity ETF 39.9 15 45 8.2 -0.0
DGRO iShares Core Dividend Growth ETF 39.8 8 52 8.5 +0.3
ROUS Hartford Multifactor US Equity ETF 39.5 19 41 9.4 +1.2
TOK iShares MSCI Kokusai ETF 39.2 25 35 7.4 -0.8
IWL iShares Russell Top 200 ETF 38.7 15 45 6.7 -1.5
IWR iShares Russell Midcap ETF 37.7 19 41 8.1 -0.1
DSI iShares MSCI KLD 400 Social ETF 37.4 25 35 6.9 -1.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 37.4 34 26 6.8 -1.4
USMV iShares Edge MSCI Min Vol USA ETF 37.4 15 45 6.9 -1.3
USDY Pacific Global US Equity Income ETF 37.1 29 31 10.7 +2.6
JVAL JPMorgan U.S. Value Factor ETF 37.1 12 48 12.2 +4.0
KRMA Global X Conscious Companies ETF 36.9 43 17 7.5 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 36.9 32 28 6.9 -1.3
URTH iShares MSCI World ETF 36.8 24 36 7.6 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 36.7 10 50 7.1 -1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 36.5 10 50 7.1 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 36.4 12 48 6.7 -1.5
JMIN JPMorgan U.S. Minimum Volatility ETF 36.0 12 48 7.3 -0.9
RAFE PIMCO RAFI ESG U.S. ETF 35.9 29 31 10.2 +2.0
EQAL Invesco Russell 1000 Equal Weight ETF 35.7 20 40 7.7 -0.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 35.3 60 0 9.2 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 35.0 30 30 7.5 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.2 60 0 6.0 -2.2

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 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.