First Trust NASDAQ Technology Dividend Index Fund
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.5x P/Sales
ratio
2.5x
P/BV
ratio
3.4x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is invesment results that correspond to the price and yield of the NASDAQ Technology Dividend Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors
Website www.ftportfolios.com
Inception date Aug 13, 2012
Assets (mns) $1,309
Currency USD
Expense ratio 50 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 84
Wgt avg mkt cap (mns) $362,255
Large cap (>$10bn) 93.7%
Mid cap ($2-10bn) 5.0%
Small cap (<$2bn) 1.3%
Developed mkts 92.8%
Emerging mkts 7.2%

TOP TEN HOLDINGS
CISCO SYSTEMS INC 7.7 %
INTL BUSINESS MACHINES CORP 7.7 %
MICROSOFT CORP 7.3 %
APPLE INC 6.9 %
INTEL CORP 6.8 %
QUALCOMM INC 4.6 %
BROADCOM INC. 4.4 %
TEXAS INSTRUMENTS INC 4.3 %
ORACLE CORP 3.9 %
TAIWAN SEMICONDUCTOR-SP ADR 3.2 %
Total 56.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.4 %
CANADA 6.4 %
TAIWAN 3.6 %
BRITAIN 2.2 %
RUSSIA 1.8 %
HONG KONG 1.7 %
IRELAND 1.3 %
NETHERLANDS 1.2 %
CHINA 0.9 %
ARGENTINA 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.0% 5.5% 12.5% -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 91%
MSCI EAFE 0.97 79%
MSCI Emg. Mkts. 0.70 64%

Technical Indicators
Recent close $47.42
30d moving avg. $44.96
Annualized volatility 17.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 102
Turnover 0.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $34,544

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust NASDAQ Technology Dividend Index Fund ETF based on the alternatives' overlap in portfolio holdings with TDIV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TDIV Expense: 50 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TDIV
Ticker Fund
Name
Overlap1
vs TDIV
(%)
Expense
ratio
(bp)
Savings
vs TDIV
(bp)
ALTAR
Score™
(%)
ALTAR
vs TDIV
(%)
JHMT John Hancock Multifactor Technology ETF 40.9 40 10 4.3 -1.9
IYW iShares U.S. Technology ETF 35.8 43 7 3.6 -2.6
XLK Technology Select Sector SPDR Fund 34.6 13 37 4.5 -1.8
FTEC Fidelity MSCI Information Technology Index ETF 33.1 8 42 4.2 -2.1
VGT Vanguard Information Technology Index Fund 32.9 10 40 4.2 -2.1
SOXX iShares PHLX Semiconductor ETF 32.1 46 4 4.9 -1.4
IXN iShares Global Tech ETF 30.4 46 4 4.1 -2.1
IGM iShares Expanded Tech Sector ETF 30.3 46 4 3.5 -2.7
SMH VanEck Vectors Semiconductor ETF 29.9 35 15 4.8 -1.5
TDV ProShares S&P Technology Dividend Aristocrats ETF 29.9 46 4 4.4 -1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 29.1 57 -7 4.5 -1.7
QDF FlexShares Quality Dividend Index Fund 28.8 37 13 5.7 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 28.7 29 21 6.3 +0.0
XNTK SPDR NYSE Technology ETF 28.2 35 15 3.2 -3.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.8 37 13 5.6 -0.7
RYT Invesco S&P 500 Equal Weight Technology ETF 27.4 40 10 6.0 -0.2
GBGR Global Beta Momentum-Growth ETF 26.5 29 21 5.1 -1.2
QYLD Global X NASDAQ 100 Covered Call ETF 26.4 60 -10 3.3 -2.9
NUSI Nationwide Risk-Managed Income ETF 26.3 68 -18 3.5 -2.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 26.2 60 -10 3.3 -2.9
QQQM Invesco NASDAQ 100 ETF 26.0 15 35 3.7 -2.5
QQQ Invesco QQQ Trust 26.0 20 30 3.7 -2.6
TECB iShares US Tech Breakthrough Multisector ETF 25.9 40 10 3.8 -2.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 25.8 15 35 5.8 -0.4
IETC iShares Evolved U.S. Technology ETF 25.7 18 32 3.6 -2.7
QDEF FlexShares Quality Dividend Defensive Index Fund 25.6 37 13 5.7 -0.5
FTXL First Trust Nasdaq Semiconductor ETF 24.7 60 -10 3.9 -2.4
SPHQ Invesco S&P 500 Quality ETF 24.1 15 35 4.4 -1.9
VEGN US Vegan Climate ETF 23.8 60 -10 4.7 -1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.5 28 22 6.1 -0.1
IQSU IQ Candriam ESG US Equity ETF 23.4 9 41 4.7 -1.5
KOIN Innovation Shares NextGen Protocol ETF 23.2 95 -45 4.1 -2.2
DLN WisdomTree U.S. LargeCap Dividend Fund 23.2 28 22 6.0 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 23.1 52 -2 5.0 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.0 21 29 2.8 -3.4
ESGV Vanguard ESG U.S. Stock ETF 22.4 12 38 4.7 -1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 22.1 49 1 3.9 -2.4
DIVB iShares U.S. Dividend & Buyback ETF 22.0 25 25 6.1 -0.1
QLC FlexShares US Quality Large Cap Index Fund 21.7 32 18 4.8 -1.4
XLG Invesco S&P 500 Top 50 ETF 21.7 20 30 4.2 -2.0
PKW Invesco Buyback Achievers ETF 21.5 62 -12 6.0 -0.3
SYG SPDR MFS Systematic Growth Equity ETF 21.5 60 -10 4.0 -2.3
RNLC Large Cap US Equity Select ETF 21.5 60 -10 5.5 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 21.4 27 23 4.6 -1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 21.4 27 23 4.6 -1.7
NACP Impact Shares NAACP Minority Empowerment ETF 21.1 75 -25 4.5 -1.7
OEF iShares S&P 100 ETF 21.1 20 30 4.5 -1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.1 60 -10 3.8 -2.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 21.0 35 15 6.7 +0.4
DTD WisdomTree U.S.Total Dividend Fund 21.0 28 22 6.2 -0.1
EFIV SPDR S&P 500 ESG ETF 20.8 10 40 4.7 -1.5
SNPE Xtrackers S&P 500 ESG ETF 20.8 10 40 4.7 -1.5
SYE SPDR MFS Systematic Core Equity ETF 20.8 60 -10 5.3 -0.9
IWL iShares Russell Top 200 ETF 20.7 15 35 4.6 -1.7
VOOG Vanguard S&P 500 Growth ETF 20.7 10 40 4.1 -2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 20.7 0 50 4.7 -1.5
MGC Vanguard Mega Cap Index Fund 20.6 7 43 4.8 -1.5
IVW iShares S&P 500 Growth ETF 20.4 18 32 4.0 -2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 20.4 4 46 4.1 -2.1
FIVG Defiance Next Gen Connectivity ETF 20.4 30 20 4.4 -1.9
QTUM Defiance Quantum ETF 20.3 40 10 4.9 -1.3
IUSG iShares Core S&P US Growth ETF 20.3 4 46 4.1 -2.1
EPS WisdomTree U.S. Earnings 500 Fund 20.1 8 42 5.9 -0.3
SPQQ Siren Large Cap Blend Index ETF 20.0 20 30 4.4 -1.8
RECS Columbia Research Enhanced Core ETF 19.7 15 35 5.2 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 19.7 12 38 4.1 -2.1
JVAL JPMorgan U.S. Value Factor ETF 19.7 12 38 7.5 +1.2
FDVV Fidelity Core Dividend ETF 19.7 29 21 6.4 +0.1
STLG iShares Factors US Growth Style ETF 19.6 25 25 4.1 -2.2
ESG FlexShares STOXX US ESG Impact Index Fund 19.6 32 18 4.7 -1.6
PBP Invesco S&P 500 BuyWrite ETF 19.5 49 1 4.6 -1.6
HSPX Global X S&P 500 Covered Call ETF 19.4 60 -10 4.6 -1.7
IWF iShares Russell 1000 Growth ETF 19.4 19 31 3.6 -2.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.3 20 30 4.9 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 19.3 27 23 4.9 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 19.2 8 42 3.7 -2.6
IWY iShares Russell Top 200 Growth ETF 19.2 20 30 3.7 -2.5
XYLG Global X S&P 500 Covered Call & Growth ETF 19.2 60 -10 4.6 -1.7
AIQ Global X Future Analytics Tech ETF 19.2 68 -18 3.7 -2.5
AFLG First Trust Active Factor Large Cap ETF 19.1 55 -5 4.9 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 19.0 29 21 4.7 -1.6
SPY SPDR S&P 500 ETF Trust 18.9 9 41 4.9 -1.3
SPLG SPDR Portfolio Large Cap ETF 18.9 3 47 5.0 -1.3
IVV iShares Core S&P 500 ETF 18.9 3 47 5.0 -1.3
DHS WisdomTree U.S. High Dividend Fund 18.9 38 12 8.0 +1.8
VUG Vanguard Growth Index Fund 18.9 4 46 3.7 -2.6
FQAL Fidelity Quality Factor ETF 18.8 29 21 5.1 -1.2
STLC iShares Factors US Blend Style ETF 18.8 25 25 4.9 -1.3
MGK Vanguard Mega Cap Growth ETF 18.7 7 43 3.8 -2.5
VOO VANGUARD S&P 500 ETF 18.6 3 47 5.0 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 18.5 7 43 4.8 -1.5
OUSA O'Shares FTSE US Quality Dividend ETF 18.5 48 2 5.5 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 18.5 12 38 4.5 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 18.5 15 35 4.6 -1.6
VLUE iShares MSCI USA Value Factor ETF 18.4 15 35 10.2 +3.9
RNDV US Equity Dividend Select ETF 18.2 50 0 7.7 +1.5
PBUS Invesco PureBeta MSCI USA ETF 18.1 4 46 4.8 -1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 18.0 9 41 5.2 -1.1
FVAL Fidelity Value Factor ETF 18.0 29 21 7.1 +0.9

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:
First Trust NASDAQ Technology Dividend Index Fund
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 20.7 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.