Small Cap US Equity Select
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.8x P/Sales
ratio
0.9x
P/BV
ratio
1.6x Div.
yield
2.9%


  • 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) $8
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) $1,770
Large cap (>$10bn) 0.2%
Mid cap ($2-10bn) 32.4%
Small cap (<$2bn) 67.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PATTERSON COS INC 2.4 %
HEALTHCARE SERVICES GROUP 2.2 %
U.S. PHYSICAL THERAPY INC 2.1 %
NATIONAL HEALTHCARE CORP 2.0 %
LUMINEX CORP 2.0 %
CONMED CORP 2.0 %
ATRION CORPORATION 2.0 %
PLANTRONICS INC 1.3 %
PROGRESS SOFTWARE CORP 1.2 %
SWITCH, INC. CLASS A 1.2 %
Total 18.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
BERMUDA 1.2 %
PUERTO RICO 0.6 %
NETHERLANDS 0.4 %
CANADA 0.2 %
CAYMAN ISLANDS 0.2 %





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.
21.4% 21.4% -- -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.15 75%
MSCI EAFE 1.16 61%
MSCI Emg. Mkts. 0.67 36%

Technical Indicators
Recent close $21.91
30d moving avg. $22.09
Annualized volatility 17.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.6%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $5,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Small Cap US Equity Select 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™: 5.9%


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 49.0 66 -6 5.4 -0.5
DES WisdomTree Smallcap Dividend 48.3 38 22 7.1 +1.2
CSF Compass EMP US Discovery 500 Enhanced Vol. 38.9 35 25 7.1 +1.2
CSA Victory CEMP US Small Cap Volatility Wtd 38.7 35 25 7.0 +1.1
ISMD Inspire Small/Mid Cap Impact 37.7 61 -1 4.8 -1.1
TPSC Timothy Plan US Small Cap Core 37.5 52 8 6.7 +0.8
FYT First Trust Small Cap Value AlphaDEX 36.2 76 -16 7.1 +1.2
IJR iShares Core S&P Small-Cap 35.1 7 53 6.1 +0.2
SLY SPDR S&P 600 Small Cap 35.0 15 45 6.0 +0.1
DGRS WisdomTree US Small Cap Dividend Growth 34.9 38 22 8.8 +2.9
VIOO Vanguard S&P Small-Cap 600 34.8 15 45 5.8 -0.1
EES WisdomTree SmallCap Earnings 33.9 38 22 8.4 +2.5
EWSC Invesco S&P Small Cap 600 Equal Weight 33.7 40 20 5.6 -0.3
SLYV SPDR S&P600 Small Cap Value 29.4 15 45 7.7 +1.8
VIOV Vanguard S&P Small-Cap 600 Value 29.4 20 40 7.2 +1.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 29.4 29 31 4.7 -1.2
IWN iShares Russell 2000 Value 29.3 24 36 6.2 +0.3
IJS iShares S&P 600 SmallCap Value 29.1 25 35 7.5 +1.6
PSC Principal U.S. Small Cap Index 28.8 38 22 6.4 +0.5
VTWV Vanguard Russell 2000 Value 28.8 20 40 6.3 +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:
Small 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 9.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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