FCTR
First Trust Lunt U.S. Factor Rotation ETF
The First Trust Lunt US Factor Rotation ETF tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score. The fund aims to outperform the broad market over time.
Fund Basics
| Fund sponsor | First Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 23, 2018 |
| Assets (mns) | $116 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Technical |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MASTERCARD INCORPORATED CLASS A | 1.9 % |
| RIVIAN AUTOMOTIVE, INC. CLASS A | 1.9 % |
| FIRST SOLAR INC | 1.9 % |
| APOLLO GLOBAL MANAGEMENT INC. | 1.9 % |
| WW GRAINGER INC | 1.8 % |
| VISA INC. CLASS A | 1.4 % |
| AMPHENOL CORP-CL A | 1.4 % |
| ARISTA NETWORKS, INC. | 1.3 % |
| CADENCE DESIGN SYS INC | 1.3 % |
| TRANSDIGM GROUP INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 163 |
| Herfindahl-Hirschman Index | 112 |
| Wgt avg mkt cap (mns) | $59,967 |
| Large cap (>$10bn) | 97.4% |
| Mid cap ($2-10bn) | 2.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.7 % |
 |
IRELAND | 2.1 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.5% | -8.4% | -14.4% | 0.5% | 5.6% | -- | 6.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 75% |
| MSCI EAFE | 0.94 | 64% |
| MSCI Emg Mkts | 0.68 | 32% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $59,029 |
Technical Indicators
| Recent close | $24.48 |
| 30d moving avg. | $25.38 |
| Annualized volatility | 21.6% |
| Relative strength (RSI) | 37 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.3% |
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. FCTR |
Expenses vs. FCTR |
ALTAR Score™ vs. FCTR |
|---|---|---|---|---|
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 46.1% | -6 bp | +0.6% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 35.5% | -6 bp | +3.5% |
| VOT | Vanguard Mid-Cap Growth Index Fund | 34.7% | -58 bp | +1.4% |
| PDP | Invesco DWA Momentum ETF | 32.0% | -3 bp | +0.9% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 31.7% | -53 bp | +2.8% |
| JOET | Virtus Terranova US Quality Momentum ETF | 31.5% | -36 bp | +2.4% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 31.2% | -59 bp | +1.0% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 30.4% | -56 bp | +3.3% |
| IWP | iShares Russell Mid-Cap Growth ETF | 30.0% | -42 bp | +0.7% |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 28.2% | -2 bp | -0.2% |
Risk and Returns: FCTR 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/22/2023
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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
FCTR
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FCTR
3.6%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. FCTR's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places FCTR in the 18th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FCTR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FCTR | 65.0 | 24.6 | 89.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .