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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

SIXH

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMar 26, 2018
Assets (mns)$2,591
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings Transparency
Derivatives-basedYes
Options availableNo
Currency hedgedNo
Fund of fundsNo
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 holdings136
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)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
2.0% 10.8% 5.6% 8.6% 9.7% -- 9.7%
Market Correlations
versus...BetaR-squared
S&P 5000.8481%
MSCI EAFE0.8475%
MSCI Emg Mkts0.5433%
Liquidity Measures
Avg. volume (000)348
Turnover0.7%
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 volatility16.6%
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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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 -- -- -- -- -- -- --
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Dividends 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
  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 --%
1.6 18.8 3.1 2.5% --
Based on closing prices from 3/28/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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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 .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.