Small Cap US Equity Select ETF
ALTAR
Score™
6.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
43.5x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
2.2%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $10
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 365
Wgt avg mkt cap (mns) $2,281
Large cap (>$10bn) 0.7%
Mid cap ($2-10bn) 51.0%
Small cap (<$2bn) 47.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LUMINEX CORP 1.7 %
ENSIGN GROUP INC/THE 1.6 %
ATRION CORPORATION 1.6 %
NATIONAL RESEARCH CORP-A 1.5 %
HEALTHCARE SERVICES GROUP 1.5 %
PATTERSON COS INC 1.5 %
U.S. PHYSICAL THERAPY INC 1.5 %
CONMED CORP 1.5 %
NATIONAL HEALTHCARE CORP 1.4 %
OWENS & MINOR INC 1.4 %
Total 15.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
BERMUDA 0.7 %
NETHERLANDS 0.5 %
CANADA 0.4 %
PUERTO RICO 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.2% 10.2% -- -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.26 83%
MSCI EAFE 1.25 81%
MSCI Emg. Mkts. 1.03 70%

Technical Indicators
Recent close $25.80
30d moving avg. $24.71
Annualized volatility 25.9%
Short interest (ETF) 0.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.48%
ADV underlying (mns) $8,669

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Small Cap US Equity Select ETF ETF based on the alternatives' overlap in portfolio holdings with RNSC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RNSC Expense: 60 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNSC
Ticker Fund
Name
Overlap1
vs RNSC
(%)
Expense
ratio
(bp)
Savings
vs RNSC
(bp)
ALTAR
Score™
(%)
ALTAR
vs RNSC
(%)
FYX First Trust Small Cap Core AlphaDEX Fund 43.4 63 -3 5.4 -0.6
DES WisdomTree U.S. SmallCap Dividend Fund 43.2 38 22 6.7 +0.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 40.1 35 25 6.0 +0.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 40.1 35 25 6.0 +0.0
TPSC Timothy Plan US Small Cap Core ETF 39.6 52 8 5.7 -0.3
FYT First Trust Small Cap Value AlphaDEX Fund 36.1 72 -12 7.9 +2.0
SLY SPDR S&P 600 Small Cap ETF 34.1 15 45 5.5 -0.4
SPSM SPDR Portfolio Small Cap ETF 34.1 5 55 5.6 -0.3
VIOO Vanguard S&P Small-Cap 600 ETF 33.9 10 50 5.5 -0.4
IJR iShares Core S&P Small Cap ETF 33.9 6 54 5.6 -0.4
XJR iShares ESG Screened S&P Small-Cap ETF 33.3 12 48 5.7 -0.2
IWN iShares Russell 2000 Value ETF 33.0 24 36 5.0 -0.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 32.4 15 45 6.9 +0.9
VTWV Vanguard Russell 2000 Value Index Fund 31.4 15 45 5.1 -0.8
SLYV SPDR S&P 600 Small Cap Value ETF 31.2 15 45 6.9 +0.9
IJS iShares S&P Small-cap 600 Value ETF 31.2 18 42 6.8 +0.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 31.1 40 20 5.1 -0.9
PSC Principal U.S. Small Cap Index ETF 29.8 38 22 4.6 -1.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 29.4 38 22 7.0 +1.1
EES WisdomTree SmallCap Earnings Fund 28.4 38 22 7.5 +1.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 27.8 9 51 3.3 -2.7
VTWO Vanguard Russell 2000 Index Fund 27.8 10 50 2.6 -3.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 26.9 29 31 4.2 -1.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.4 25 35 4.8 -1.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 25.1 12 48 6.0 +0.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 24.3 39 21 5.3 -0.7
AVUV Avantis U.S. Small Cap Value ETF 24.0 25 35 6.3 +0.4
SSLY Syntax Stratified SmallCap ETF 23.5 30 30 4.9 -1.1
ISMD Inspire Small/Mid Cap Impact ETF 23.5 60 0 4.3 -1.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 23.2 35 25 4.9 -1.1
CSML IQ Chaikin U.S. Small Cap ETF 22.8 35 25 2.8 -3.2
IWM iShares Russell 2000 ETF 22.4 19 41 2.5 -3.5
SLYG SPDR S&P 600 Small Cap Growth ETF 21.2 15 45 4.4 -1.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 21.2 29 31 4.9 -1.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 21.1 20 40 3.8 -2.2
IJT iShares S&P Small-Cap 600 Growth ETF 21.1 18 42 4.3 -1.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 21.0 16 44 4.3 -1.7
VBR Vanguard Small Cap Value Index Fund 20.5 7 53 6.4 +0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 20.2 39 21 3.4 -2.5
ROSC Hartford Multifactor Small Cap ETF 20.1 34 26 6.5 +0.6
SCHA Schwab U.S. Small-Cap ETF 19.9 4 56 3.6 -2.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 19.7 39 21 3.9 -2.1
IUSS Invesco Strategic US Small Company ETF 19.7 23 37 3.6 -2.3
FYC First Trust Small Cap Growth AlphaDEX Fund 19.6 70 -10 1.7 -4.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.6 30 30 6.0 +0.0
AFSM First Trust Active Factor Small Cap ETF 18.5 77 -17 4.3 -1.7
STSB iShares Factors US Small Blend Style ETF 18.3 35 25 2.9 -3.1
SVAL iShares US Small Cap Value Factor ETF 17.9 20 40 8.3 +2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 17.2 35 25 7.2 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.1 17 43 4.0 -1.9
NUSC Nuveen ESG Small-Cap ETF 17.0 40 20 3.9 -2.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 16.8 40 20 5.6 -0.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.4 6 54 4.0 -1.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.8 29 31 -0.3 -6.2
XSLV Invesco S&P SmallCap Low Volatility ETF 15.3 25 35 4.6 -1.4
VFVA Vanguard U.S. Value Factor ETF 15.3 14 46 8.5 +2.5
FAB First Trust Multi Cap Value AlphaDEX Fund 15.0 71 -11 7.5 +1.6
JKL iShares Morningstar Small Cap Value ETF 14.8 30 30 7.6 +1.6
SQLV Legg Mason Small-Cap Quality Value 14.5 62 -2 4.1 -1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 14.4 18 42 6.9 +0.9
MDYV SPDR S&P 400 Mid Cap Value ETF 14.4 15 45 6.9 +1.0
BKSE BNY Mellon US Small Cap Core Equity ETF 14.2 4 56 4.7 -1.3
FSMD Fidelity Small-Mid Factor ETF 14.1 29 31 5.2 -0.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.8 24 36 4.9 -1.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.7 20 40 7.1 +1.2
PSCF Invesco S&P SmallCap Financials ETF 13.7 29 31 9.0 +3.0
EZM WisdomTree U.S. MidCap Earnings Fund 13.3 38 22 7.6 +1.6
VFQY Vanguard U.S. Quality Factor ETF 13.2 13 47 5.3 -0.7
SMDV ProShares Russell 2000 Dividend Growers ETF 13.2 41 19 5.5 -0.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 13.0 15 45 6.7 +0.7
JKJ iShares Morningstar Small-Cap ETF 12.6 25 35 5.1 -0.9
VB Vanguard Small-Cap ETF 12.5 5 55 4.4 -1.6
RWK Invesco S&P MidCap 400 Revenue ETF 12.1 39 21 6.3 +0.4
SMDY Syntax Stratified MidCap ETF 11.6 30 30 5.1 -0.8
SIXS 6 Meridian Small Cap Equity ETF 11.4 97 -37 7.1 +1.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.3 20 40 3.6 -2.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.0 39 21 6.8 +0.8
VTWG Vanguard Russell 2000 Growth Index Fund 10.8 15 45 0.1 -5.9
VFMF Vanguard U.S. Multifactor ETF 10.7 19 41 6.1 +0.2
IWO iShares Russell 2000 Growth ETF 10.7 24 36 -0.1 -6.1
XSHQ Invesco S&P SmallCap Quality ETF 10.7 29 31 5.3 -0.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.4 35 25 6.8 +0.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 10.1 60 0 6.1 +0.2
MDY SPDR S&P Midcap 400 ETF Trust 10.0 23 37 5.1 -0.8
SPMD SPDR Portfolio Mid Cap ETF 10.0 5 55 5.3 -0.7
IJH iShares Core S&P Mid-Cap ETF 10.0 5 55 5.3 -0.7
KRE SPDR S&P Regional Banking ETF 9.8 35 25 7.5 +1.5
XJH iShares ESG Screened S&P Mid-Cap ETF 9.8 12 48 5.4 -0.6
VXF Vanguard Extended Market Index Fund 9.7 6 54 2.5 -3.5
XSMO Invesco S&P SmallCap Momentum ETF 9.7 39 21 3.6 -2.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 9.6 48 12 5.5 -0.4
IVOO Vanguard S&P Mid-Cap 400 ETF 9.5 10 50 5.3 -0.7
PSCI Invesco S&P SmallCap Industrials ETF 9.4 29 31 5.0 -1.0
BFOR Barron's 400 ETF 9.3 65 -5 5.6 -0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.1 80 -20 4.7 -1.3
OSCV Opus Small Cap Value Plus ETF 8.9 79 -19 4.5 -1.4
KSCD KFA Small Cap Quality Dividend Index ETF 8.9 51 9 5.2 -0.7
QABA First Trust NASDAQ ABA Community Bank Index Fund 8.8 60 0 7.4 +1.5
DEEP Roundhill Acquirers Deep Value ETF 8.6 80 -20 7.8 +1.9

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:
Small Cap US 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 11.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.49
 
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.