First Trust Nasdaq Artificial Intelligence & Robotics
ALTAR
Score™
2.5% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
46.1x P/Sales
ratio
2.3x
P/BV
ratio
3.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The First Trust Nasdaq Artificial Intelligence and Robotics ETF tracks a modified equal-weighted index of roughly 90 all-cap, global companies involved in artificial intelligence or robotics.

FUND BASICS
Category Global Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Feb 21, 2018
Assets (mns) $69
Currency USD
Expense ratio 65 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 99
Wgt avg mkt cap (mns) $36,954
Large cap (>$10bn) 41.3%
Mid cap ($2-10bn) 37.9%
Small cap (<$2bn) 20.8%
Developed mkts 94.9%
Emerging mkts 5.1%

TOP TEN HOLDINGS
AVEVA GROUP PLC 2.5 %
HEXAGON AB-B SHS 2.4 %
QINETIQ GROUP PLC 2.4 %
ANSYS INC 2.3 %
NUANCE COMMUNICATIONS INC 2.3 %
BLUE PRISM GROUP PLC 2.3 %
AEROVIRONMENT INC 2.3 %
OBIC CO LTD 2.2 %
ILLUMINA INC 2.2 %
TOPCON CORP 2.1 %
Total 23.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.0 %
JAPAN 15.9 %
BRITAIN 7.1 %
FRANCE 5.6 %
ISRAEL 3.8 %
SOUTH KOREA 2.5 %
SWEDEN 2.4 %
CHINA 1.9 %
GERMANY 1.8 %
SWITZERLAND 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
30.9% 17.5% -- -- 8.4%

Market Correlations
versus... Beta R-squared
S&P500 1.40 89%
MSCI EAFE 1.38 64%
MSCI Emg. Mkts. 1.06 54%

Technical Indicators
Recent close $33.56
30d moving avg. $32.84
Annualized volatility 22.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $29,009

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Nasdaq Artificial Intelligence & Robotics ETF based on the alternatives' overlap in portfolio holdings with ROBT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ROBT Expense: 65 bp ALTAR Score™: 2.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROBT
Ticker Fund
Name
Overlap1
vs ROBT
(%)
Expense
ratio
(bp)
Savings
vs ROBT
(bp)
ALTAR
Score™
(%)
ALTAR
vs ROBT
(%)
ROBO Robo Global Robotics & Automation 36.0 95 -30 3.6 +1.2
GMAN Goldman Sachs Motif Manufacturing Revolution 23.9 50 15 4.8 +2.3
IRBO iShares Robotics and Artificial Intelligence 19.4 47 18 1.9 -0.5
ARKQ ARK Industrial Innovation 17.7 75 -10 0.9 -1.6
LOUP Innovator Loup Frontier Tech 16.3 70 -5 2.7 +0.2
BOTZ Global X Robotics & Artificial Intelligence Thematic 15.9 68 -3 3.7 +1.2
QTUM Defiance Quantum 15.3 40 25 6.4 +4.0
IFLY ETFMG Drone Economy Strategy 15.0 75 -10 0.8 -1.7
DTEC ALPS Disruptive Technologies 14.3 50 15 3.4 +1.0
JHMT John Hancock Multifactor Technology 12.9 40 25 6.1 +3.6
PRNT 3D Printing 12.5 66 -1 -0.4 -2.9
RYT Invesco S&P Equal Weight Technology 12.4 40 25 6.4 +4.0
XKST SPDR Kensho Smart Mobility 12.1 45 20 5.9 +3.4
XT iShares Exponential Technologies 11.8 47 18 5.2 +2.7
AIQ Global X Future Analytics Tech 11.7 68 -3 4.5 +2.1
GDAT Goldman Sachs Motif Data-Driven World 11.6 50 15 6.0 +3.5
TTAC TrimTabs All Cap US Free-Cash-Flow 11.5 59 6 4.8 +2.4
IGV iShares N. American Tech-Software 10.8 46 19 3.1 +0.6
QQEW First Trust NASDAQ 100 Equal Weight 10.3 60 5 5.9 +3.4
QQQE Direxion NASDAQ-100 Equal Weight 10.3 35 30 0.0 -2.5

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

  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

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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:
First Trust Nasdaq Artificial Intelligence & Robotics
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.8 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.