First Trust SMID Cap Rising Dividend Achievers
ALTAR
Score™
8.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.6x P/Sales
ratio
1.2x
P/BV
ratio
1.8x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SDVY tracks an equally weighted index of small- and midcap US companies with historically increasing dividends that meet various fundamental criteria.

FUND BASICS
Category US Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Nov 01, 2017
Assets (mns) $11
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $5,272
Large cap (>$10bn) 9.8%
Mid cap ($2-10bn) 69.4%
Small cap (<$2bn) 20.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALBEMARLE CORP 1.3 %
PULTE HOMES INC 1.2 %
TOLL BROTHERS INC 1.2 %
MDC HOLDINGS INC 1.2 %
JACK HENRY & ASSOCIATES INC 1.2 %
LOUISIANA-PACIFIC CORP 1.2 %
ENTEGRIS INC 1.1 %
TEXAS ROADHOUSE INC 1.1 %
ARGAN INC 1.1 %
TETRA TECH INC 1.1 %
Total 11.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
BERMUDA 1.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% 8.3% -- -- 1.3%

Market Correlations
versus... Beta R-squared
S&P500 1.20 83%
MSCI EAFE 1.22 68%
MSCI Emg. Mkts. 0.83 53%

Technical Indicators
Recent close $21.72
30d moving avg. $21.61
Annualized volatility 18.4%
Short interest (ETF) 3.3%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.0%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $3,653

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust SMID Cap Rising Dividend Achievers ETF based on the alternatives' overlap in portfolio holdings with SDVY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SDVY Expense: 60 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SDVY
Ticker Fund
Name
Overlap1
vs SDVY
(%)
Expense
ratio
(bp)
Savings
vs SDVY
(bp)
ALTAR
Score™
(%)
ALTAR
vs SDVY
(%)
OUSM O'Shares FTSE Russell Small Cap Quality Dividend 23.7 48 12 6.3 -1.9
EQWM Invesco Fundamental Pure Mid Core 21.1 25 35 5.1 -3.1
FNK First Trust Mid Cap Value AlphaDEX 17.8 70 -10 9.2 +1.0
RNMC First Trust Mid Cap US Equity Select 16.0 60 0 6.4 -1.7
EZM WisdomTree Midcap Earnings 15.4 38 22 8.5 +0.3
IJJ iShares S&P MidCap 400 Value 14.4 25 35 7.6 -0.6
IVOV Vanguard S&P Mid-Cap 400 Value 14.4 20 40 7.7 -0.5
MDYV SPDR S&P400 Mid Cap Value 14.4 15 45 7.7 -0.5
PY Principal Shareholder Yield 13.9 29 31 8.1 -0.1
FNX First Trust Mid Cap Core Alpadex 13.8 62 -2 6.4 -1.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index 13.7 20 40 6.7 -1.4
KRE SPDR KBW Regional Banking 13.6 35 25 8.4 +0.3
KBE KBW Bank ETF 13.6 35 25 8.5 +0.4
MDY S&P MidCap 400 SPDR 13.6 24 36 5.6 -2.6
SPMD SPDR Portfolio Mid Cap 13.6 5 55 5.7 -2.4
IJH iShares Core S&P MidCap 13.5 7 53 5.7 -2.5
IVOO Vanguard S&P Mid-Cap 400 13.5 15 45 5.7 -2.5
KBWR Invesco KBW Regional Bank 13.5 35 25 8.5 +0.3
DON WisdomTree Midcap Dividend 12.8 38 22 7.1 -1.0
MDYG SPDR S&P400 Mid Cap Growth 12.4 15 45 3.9 -4.3

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

Content on this tab for subscribers only

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:
First Trust SMID Cap Rising Dividend Achievers
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 1.8 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
1.67 CATEGORY
AVERAGE
1.56
 
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.