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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
65 bp
EXPENSES
$419.3 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jul 23, 2018 |
Assets (mns) | $419 |
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 +
BUNGE GLOBAL SA | 6.3 % |
COINBASE GLOBAL, INC. CLASS A | 2.3 % |
VERTIV HOLDINGS CO. CLASS A | 2.3 % |
NVIDIA CORP | 1.8 % |
RIVIAN AUTOMOTIVE INC-A | 1.4 % |
VISTRA ENERGY CORP. | 1.3 % |
GENERAL MOTORS CO | 1.1 % |
ARCHER-DANIELS-MIDLAND CO | 1.1 % |
HEWLETT PACKARD ENTERPRISE CO. | 1.0 % |
CONSTELLATION ENERGY CORPORATION | 1.0 % |
Constituent Breakdown
Number of holdings | 1011 |
Herfindahl-Hirschman Index | 82 |
Wgt avg mkt cap (mns) | $136,398 |
Large cap (>$10bn) | 98.7% |
Mid cap ($2-10bn) | 0.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 101.4 % | |
IRELAND | 1.9 % | |
BERMUDA | 1.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 12.0% | 19.1% | 8.1% | -2.7% | 8.4% | -- | 8.3% | Volatility | 14.1% | 15.2% | 19.7% | 19.6% | 23.7% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.04 | 81% |
MSCI EAFE | 0.97 | 65% |
MSCI Emg Mkts | 0.70 | 34% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.19% |
ADV of underlying (mns) | $220,279 |
Technical Indicators
Recent close | $30.32 |
30d moving avg. | $31.41 |
Annualized volatility | 20.9% |
Relative strength (RSI) | 56 |
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 |
---|---|---|---|---|
FEX | First Trust Large Cap Core AlphaDEX Fund | 49.9% | -6 bp | +0.6% |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 42.0% | -56 bp | +0.6% |
SSPY | Syntax Stratified LargeCap ETF | 39.8% | -35 bp | +1.1% |
FTC | First Trust Large Cap Growth AlphaDEX Fund | 39.4% | -6 bp | -2.6% |
CFA | VictoryShares US 500 Volatility Wtd ETF | 38.3% | -30 bp | +0.5% |
CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 38.2% | -25 bp | +0.5% |
FTA | First Trust Large Cap Value AlphaDEX Fund | 37.6% | -6 bp | +2.9% |
RSP | Invesco S&P 500 Equal Weight ETF | 36.8% | -45 bp | +0.8% |
EUSA | iShares MSCI USA Equal Weighted ETF | 36.6% | -56 bp | +0.6% |
SIZE | iShares MSCI USA Size Factor ETF | 36.1% | -50 bp | +0.5% |
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
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 7/25/2024
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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
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
5.4%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. FCTR's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places FCTR in the 45th 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
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
FCTR (65 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FCTR | 65.0 | 18.7 | 83.7 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .