AFLG
First Trust Active Factor Large Cap ETF
AFLG is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
53.7 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 04, 2019 |
| Assets (mns) | $54 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.3 % |
| NVIDIA CORP | 5.2 % |
| MICROSOFT CORP | 4.7 % |
| ALPHABET INC. CLASS A | 1.9 % |
| AMAZON.COM INC | 1.7 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.6 % |
| META PLATFORMS INC | 1.6 % |
| BROADCOM INC. | 1.4 % |
| VISTRA ENERGY CORP. | 1.3 % |
| HARTFORD FINANCIAL SVCS GRP | 1.2 % |
Constituent Breakdown
| Number of holdings | 253 |
| Herfindahl-Hirschman Index | 151 |
| Wgt avg mkt cap (mns) | $665,303 |
| Large cap (>$10bn) | 96.7% |
| Mid cap ($2-10bn) | 2.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.3 % |
 |
IRELAND | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.0% | 39.8% | 27.7% | 11.8% | -- | -- | 12.0% | Volatility | 11.0% | 11.1% | 15.7% | 16.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 96% |
| MSCI EAFE | 0.87 | 76% |
| MSCI Emg Mkts | 0.62 | 37% |
Liquidity Measures
| Avg. volume (000) | 49 |
| Turnover | 3.2% |
| Avg. Bid/Ask (% of price) | 0.40% |
| ADV of underlying (mns) | $156,749 |
Technical Indicators
| Recent close | $34.64 |
| 30d moving avg. | $33.09 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 63 |
| Short interest (ETF) | 2.0% |
| Short interest (underlying) | 2.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFLG |
Expenses vs. AFLG |
ALTAR Score™ vs. AFLG |
|---|---|---|---|---|
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 56.2% | -46 bp | -0.5% |
| APUE | ActivePassive U.S. Equity ETF | 51.9% | -10 bp | -1.1% |
| IVV | iShares Core S&P 500 ETF | 51.3% | -52 bp | -0.9% |
| SPY | SPDR S&P 500 ETF Trust | 51.3% | -46 bp | -1.0% |
| SPLG | SPDR Portfolio S&P 500 ETF | 51.3% | -53 bp | -0.9% |
| VOO | Vanguard S&P 500 ETF | 51.3% | -52 bp | -0.9% |
| ILCB | iShares Morningstar U.S. Equity ETF | 50.7% | -52 bp | -1.0% |
| VOTE | TCW Transform 500 ETF | 50.7% | -50 bp | -1.0% |
| PBUS | Invesco MSCI USA ETF | 50.7% | -51 bp | -1.0% |
| STRV | Strive 500 ETF | 50.6% | -50 bp | -1.0% |
Risk and Returns: AFLG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
AFLG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
AFLG
5.9%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. AFLG's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places AFLG in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
AFLGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| AFLG (55 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| AFLG | 55.0 | 40.0 | 95 |
| Peer Avg. | 56.6 | 23.0 | 79.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .