FTXO

First Trust Nasdaq Bank ETF

The First Trust Nasdaq Bank ETF tracks an index composed of 30 U.S. banking companies. Holdings are selected by their liquidity, and weighted based on volatility, value, and growth factors.


Rules-Based, Concentrated

MANAGEMENT MATRIX

KBWB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 20, 2016
Assets (mns)$202
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionLiquidity
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
M & T BANK CORP 8.0 %
POPULAR INC 8.0 %
REGIONS FINANCIAL CORP 8.0 %
WELLS FARGO & CO 7.9 %
NEW YORK COMMUNITY BANCORP 7.5 %
CULLEN/FROST BANKERS INC 4.4 %
OLD NATL BANCORP/IN 4.3 %
FIRST CITIZENS BCSHS -CL A 4.2 %
PNC FINANCIAL SERVICES GROUP 4.1 %
SYNOVUS FINANCIAL CORP. 4.0 %
Constituent Breakdown
Number of holdings31
Herfindahl-Hirschman Index 540
Wgt avg mkt cap (mns)$54,075
Large cap (>$10bn)58.0%
Mid cap ($2-10bn)41.8%
Small cap (<$2bn)0.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 91.6 %
PUERTO RICO 8.0 %
Historical Performance


Standardized Annual Returns (as of 08/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-13.4% -9.9% 27.7% 8.0% 4.5% -- 8.3%
Market Correlations
versus...BetaR-squared
S&P 5001.1246%
MSCI EAFE1.2756%
MSCI Emg Mkts1.2557%
Liquidity Measures
Avg. volume (000)43
Turnover0.6%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$6,695
Technical Indicators
Recent close$25.90
30d moving avg.$28.12
Annualized volatility31.8%
Relative strength (RSI)31
Short interest (ETF)0.0%
Short interest (underlying)1.8%
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
Risk and Returns: FTXO vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
2.1 7.8 0.8 3.9% --
Based on closing prices from 9/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FTXO



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™

FTXO

11.6%

Cat. Avg

7.4%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™11.6%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 875 funds in the US Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 3.2%. FTXO's ALTAR Score™ is approximately 1.3 standard deviations above the category average. This places FTXO in the 91st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FTXO
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FTXO 60.0 6.5 66.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.