First Trust NASDAQ Technology Dividend Index Fund
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.4x P/Sales
ratio
2.1x
P/BV
ratio
3.4x Div.
yield
2.9%


  • 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) $1,189
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 88
Wgt avg mkt cap (mns) $376,643
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 2.5%
Developed mkts 86.5%
Emerging mkts 13.5%

TOP TEN HOLDINGS
APPLE INC 8.8 %
MICROSOFT CORP 8.6 %
CISCO SYSTEMS INC 7.3 %
INTL BUSINESS MACHINES CORP 7.2 %
INTEL CORP 6.6 %
TAIWAN SEMICONDUCTOR-SP ADR 4.4 %
QUALCOMM INC 4.4 %
BROADCOM INC. 4.2 %
TEXAS INSTRUMENTS INC 4.1 %
ORACLE CORP 4.0 %
Total 59.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.3 %
TAIWAN 4.4 %
NETHERLANDS 3.3 %
LUXEMBOURG 2.1 %
PHILIPPINES 2.0 %
RUSSIA 2.0 %
MEXICO 1.9 %
IRELAND 0.8 %
CHINA 0.8 %
INDIA 0.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.2% 9.6% 12.4% -- 12.9%

Market Correlations
versus... Beta R-squared
S&P500 0.96 90%
MSCI EAFE 0.96 77%
MSCI Emg. Mkts. 0.71 67%

Technical Indicators
Recent close $41.80
30d moving avg. $41.14
Annualized volatility 17.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 100
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $50,589

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.9%


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 46.6 40 10 5.0 -0.9
IYW iShares U.S. Technology ETF 40.3 42 8 4.0 -1.8
XLK Technology Select Sector SPDR Fund 38.8 13 37 4.8 -1.1
FTEC Fidelity MSCI Information Technology Index ETF 37.8 8 42 4.6 -1.3
VGT Vanguard Information Technology Index Fund 37.6 10 40 4.6 -1.3
IXN iShares Global Tech ETF 34.7 46 4 4.5 -1.3
IGM iShares Expanded Tech Sector ETF 34.5 46 4 3.8 -2.0
SOXX iShares PHLX Semiconductor ETF 31.8 46 4 5.4 -0.5
SMH VanEck Vectors Semiconductor ETF 31.6 35 15 5.6 -0.3
NUSI Nationwide Risk-Managed Income ETF 30.6 68 -18 3.5 -2.4
QYLD Global X NASDAQ 100 Covered Call ETF 30.5 60 -10 3.5 -2.4
QQQ Invesco QQQ Trust 30.1 20 30 3.9 -2.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 29.8 37 13 6.3 +0.4
IETC iShares Evolved U.S. Technology ETF 29.8 18 32 3.8 -2.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 29.4 57 -7 5.0 -0.9
QDF FlexShares Quality Dividend Index Fund 29.3 37 13 6.2 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 29.1 29 21 7.0 +1.2
XNTK SPDR NYSE Technology ETF 29.0 35 15 3.7 -2.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 28.7 45 5 4.8 -1.1
DRIV Global X Autonomous & Electric Vehicles ETF 27.8 68 -18 5.6 -0.2
RYT Invesco S&P 500 Equal Weight Technology ETF 27.5 40 10 6.7 +0.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 27.2 21 29 3.0 -2.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.6 49 1 4.1 -1.7
FTXL First Trust Nasdaq Semiconductor ETF 26.5 60 -10 5.0 -0.8
IQSU IQ Candriam ESG US Equity ETF 26.3 9 41 5.1 -0.7
XLG Invesco S&P 500 Top 50 ETF 26.1 20 30 4.5 -1.3
TECB iShares US Tech Breakthrough Multisector ETF 25.9 40 10 4.0 -1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 25.7 60 -10 4.4 -1.4
SPHQ Invesco S&P 500 Quality ETF 25.6 15 35 4.7 -1.2
SYG SPDR MFS Systematic Growth Equity ETF 25.6 60 -10 4.3 -1.5
VEGN US Vegan Climate ETF 25.4 60 -10 5.2 -0.6
KOIN Innovation Shares NextGen Protocol ETF 25.0 95 -45 4.4 -1.5
OEF iShares S&P 100 ETF 24.9 20 30 4.8 -1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 24.9 52 -2 5.1 -0.8
SYE SPDR MFS Systematic Core Equity ETF 24.5 60 -10 5.7 -0.2
STLG iShares Factors US Growth Style ETF 24.3 25 25 3.7 -2.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.2 12 38 5.0 -0.9
JVAL JPMorgan U.S. Value Factor ETF 24.2 12 38 8.8 +3.0
SPMO Invesco S&P 500 Momentum ETF 23.9 13 37 4.4 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 23.8 8 42 4.3 -1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 23.8 37 13 5.9 +0.1
VOOG Vanguard S&P 500 Growth ETF 23.7 10 40 4.3 -1.6
DIVB iShares U.S. Dividend & Buyback ETF 23.7 25 25 6.7 +0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 23.6 4 46 4.4 -1.5
IVW iShares S&P 500 Growth ETF 23.6 18 32 4.2 -1.6
IUSG iShares Core S&P US Growth ETF 23.6 4 46 4.4 -1.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.6 28 22 6.5 +0.7
FVAL Fidelity Value Factor ETF 23.4 29 21 8.1 +2.3
SPXV ProShares S&P 500 Ex-Health Care ETF 22.9 27 23 5.1 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 22.9 28 22 6.4 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.9 15 35 6.3 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 22.5 27 23 5.0 -0.8
IWF iShares Russell 1000 Growth ETF 22.4 19 31 4.2 -1.7
QLC FlexShares US Quality Large Cap Index Fund 22.3 32 18 5.4 -0.5
SNPE Xtrackers S&P 500 ESG ETF 22.3 11 39 5.2 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 22.1 75 -25 4.6 -1.3
IWY iShares Russell Top 200 Growth ETF 22.0 20 30 4.2 -1.7
RECS Columbia Research Enhanced Core ETF 21.9 15 35 5.7 -0.2
IWL iShares Russell Top 200 ETF 21.9 15 35 5.1 -0.8
VUG Vanguard Growth Index Fund 21.8 4 46 4.1 -1.8
BKLC BNY Mellon US Large Cap Core Equity ETF 21.7 0 50 5.3 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 21.7 16 34 5.7 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 21.6 32 18 5.1 -0.7
PKW Invesco Buyback Achievers ETF 21.5 62 -12 6.9 +1.0
RNLC Large Cap US Equity Select ETF 21.5 60 -10 6.2 +0.4
MGK Vanguard Mega Cap Growth ETF 21.3 7 43 4.2 -1.7
MGC Vanguard Mega Cap Index Fund 21.1 7 43 5.3 -0.6
TMFC Motley Fool 100 Index ETF 21.1 50 0 3.8 -2.1
EPS WisdomTree U.S. Earnings 500 Fund 21.0 8 42 6.5 +0.7
DSTL Distillate US Fundamental Stability & Value ETF 21.0 39 11 6.6 +0.7
PSI Invesco Dynamic Semiconductors ETF 20.9 58 -8 4.9 -1.0
IOO iShares Global 100 ETF 20.9 40 10 4.7 -1.1
DTD WisdomTree U.S.Total Dividend Fund 20.8 28 22 6.7 +0.8
RNDV US Equity Dividend Select ETF 20.5 50 0 7.7 +1.9
GDAT Goldman Sachs Motif Data-Driven World Etf 20.4 50 0 5.0 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 20.2 27 23 5.4 -0.5
ESGV Vanguard ESG U.S. Stock ETF 20.1 12 38 5.2 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.1 20 30 5.4 -0.5
PBP Invesco S&P 500 BuyWrite ETF 20.0 49 1 5.0 -0.8
SCHG Schwab U.S. Large-Cap Growth ETF 19.9 4 46 4.2 -1.7
HLAL Wahed FTSE USA Shariah ETF 19.9 50 0 4.7 -1.2
VOO VANGUARD S&P 500 ETF 19.8 3 47 5.5 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 19.8 29 21 5.3 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 19.7 7 43 5.3 -0.6
SPY SPDR S&P 500 ETF Trust 19.7 9 41 5.4 -0.5
HSPX Global X S&P 500 Covered Call ETF 19.7 65 -15 4.9 -1.0
SPLG SPDR Portfolio Large Cap ETF 19.6 3 47 5.5 -0.4
IVV iShares Core S&P 500 ETF 19.6 4 46 5.5 -0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 19.5 19 31 5.7 -0.2
FDVV Fidelity Core Dividend ETF 19.5 29 21 7.2 +1.3
SFYF SoFi 50 ETF 19.4 29 21 5.4 -0.5
AIQ Global X Future Analytics Tech ETF 19.4 68 -18 3.9 -1.9
ESGU iShares MSCI USA ESG Optimized ETF 19.2 15 35 5.2 -0.7
QTUM Defiance Quantum ETF 19.1 40 10 5.8 -0.1
EDOW First Trust Dow 30 Equal Weight ETF 19.1 50 0 6.0 +0.2
OUSA O'Shares FTSE US Quality Dividend ETF 19.0 48 2 5.7 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.0 25 25 6.6 +0.7
PBUS Invesco PureBeta MSCI USA ETF 18.9 4 46 5.3 -0.5
VV Vanguard Large-Cap Index Fund 18.9 4 46 5.3 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.8 2 48 5.4 -0.5

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

  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:

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 20.2 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.52
 
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.