KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options.
Fund Basics
Fund sponsor | First Trust |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Mar 26, 2018 |
Assets (mns) | $2,591 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | |
Derivatives-based | Yes |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ALBEMARLE CORP | 1.7 % |
LOWE'S COS INC | 1.7 % |
CATERPILLAR INC | 1.7 % |
ECOLAB INC | 1.7 % |
EMERSON ELECTRIC CO | 1.6 % |
DOVER CORP | 1.6 % |
WW GRAINGER INC | 1.6 % |
LINDE PLC | 1.6 % |
TARGET CORP | 1.6 % |
SMITH (A.O.) CORP | 1.6 % |
Constituent Breakdown
Number of holdings | 136 |
Herfindahl-Hirschman Index | 151 |
Wgt avg mkt cap (mns) | $90,869 |
Large cap (>$10bn) | 97.3% |
Mid cap ($2-10bn) | 2.7% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 92.8 % | |
BRITAIN | 4.6 % | |
SWITZERLAND | 1.5 % | |
IRELAND | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
2.0% | 10.8% | 5.6% | 8.6% | 9.7% | -- | 9.7% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.84 | 81% |
MSCI EAFE | 0.84 | 75% |
MSCI Emg Mkts | 0.54 | 33% |
Liquidity Measures
Avg. volume (000) | 348 |
Turnover | 0.7% |
Avg. Bid/Ask (% of price) | 0.09% |
ADV of underlying (mns) | $25,576 |
Technical Indicators
Recent close | $53.71 |
30d moving avg. | $49.69 |
Annualized volatility | 16.6% |
Relative strength (RSI) | 72 |
Short interest (ETF) | 0.5% |
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
Ticker | Fund Name | Overlap vs. KNG |
Expenses vs. KNG |
ALTAR Score™ vs. KNG |
---|---|---|---|---|
SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 21.4% | +7 bp | +0.3% |
CCOR | Core Alternative ETF | 20.5% | +32 bp | -0.1% |
ACIO | Aptus Collared Investment Opportunity ETF | 14.0% | +4 bp | -1.3% |
PBP | Invesco S&P 500 BuyWrite ETF | 13.2% | -26 bp | -0.7% |
XRMI | Global X S&P 500 Risk Managed Income ETF | 13.2% | -15 bp | -0.8% |
XYLD | Global X S&P 500 Covered Call ETF | 13.2% | -15 bp | -0.8% |
SFLR | Innovator Equity Managed Floor ETF | 13.2% | +14 bp | -1.3% |
XYLG | Global X S&P 500 Covered Call & Growth ETF | 13.0% | -15 bp | -0.8% |
XTR | Global X S&P 500 Tail Risk ETF | 12.8% | -49 bp | -0.4% |
XCLR | Global X S&P 500 Collar 95-110 ETF | 12.8% | -50 bp | -0.4% |
Risk and Returns: KNG 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 3/28/2024
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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
KNG
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™
KNG
5.4%
Cat. Avg
5.6%
Fund Category: US Equities
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 882 funds in the US Equities category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.7%. KNG's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places KNG in the 47th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
KNG
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) |
|
---|---|---|---|
KNG | 75.0 | 8.5 | 83.5 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .