LEGR
First Trust Indxx Innovative Transaction & Process ETF
The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield, before fees and expenses, of an index called the Indxx Blockchain Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
65 bp
EXPENSES
$631.4 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Jan 25, 2018 |
Assets (mns) | $631 |
Expense ratio | 65 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NVIDIA CORP | 1.7 % |
ORACLE CORP | 1.6 % |
IND & COMM BK OF CHINA - H | 1.6 % |
MICRON TECHNOLOGY INC | 1.5 % |
AT&T INC | 1.5 % |
SAMSUNG ELECTRONICS CO LTD | 1.5 % |
INFOSYS TECHNOLOGIES-SP ADR | 1.5 % |
ICICI BANK LTD-SPON ADR | 1.5 % |
TAIWAN SEMICONDUCTOR-SP ADR | 1.5 % |
JD.COM INC-ADR | 1.4 % |
Constituent Breakdown
Number of holdings | 663 |
Herfindahl-Hirschman Index | 128 |
Wgt avg mkt cap (mns) | $222,435 |
Large cap (>$10bn) | 100.0% |
Mid cap ($2-10bn) | 0.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 72.7% |
Emerging mkts. | 27.3% |
Country Exposure
UNITED STATES | 37.1 % | |
CHINA | 11.9 % | |
INDIA | 8.0 % | |
GERMANY | 7.4 % | |
BRITAIN | 4.2 % | |
FRANCE | 3.9 % | |
SWITZERLAND | 2.8 % | |
JAPAN | 2.7 % | |
SPAIN | 2.3 % | |
AUSTRALIA | 2.3 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 7.7% | 16.9% | 16.7% | 4.0% | 10.2% | -- | 8.2% | Volatility | 13.2% | 13.5% | 17.3% | 17.8% | 22.5% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.87 | 79% |
MSCI EAFE | 0.94 | 86% |
MSCI Emg Mkts | 0.86 | 73% |
Liquidity Measures
Avg. volume (000) | 7 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.39% |
ADV of underlying (mns) | $155,336 |
Technical Indicators
Recent close | $43.56 |
30d moving avg. | $44.06 |
Annualized volatility | 17.7% |
Relative strength (RSI) | 53 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. LEGR |
Expenses vs. LEGR |
ALTAR Score™ vs. LEGR |
---|---|---|---|---|
BLKC | Invesco Alerian Galaxy Blockchain Users and Decentralized Co | 28.8% | -4 bp | -5.6% |
DGT | SPDR Global Dow ETF | 28.7% | -15 bp | -1.7% |
EQWL | Invesco S&P 100 Equal Weight ETF | 27.2% | -40 bp | -1.6% |
BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 25.2% | +3 bp | -4.1% |
IXG | iShares Global Financials ETF | 21.7% | -23 bp | -1.7% |
AIQ | Global X Artificial Intelligence & Technology ETF | 19.9% | +3 bp | -4.3% |
OEF | iShares S&P 100 ETF | 19.8% | -45 bp | -3.3% |
KOCG | FIS Knights of Columbus Global Belief ETF | 19.3% | +10 bp | -2.9% |
NXTG | First Trust Indxx NextG ETF | 18.9% | +5 bp | -2.4% |
USCL | iShares Climate Conscious & Transition MSCI USA ETF | 18.9% | -57 bp | -3.1% |
Risk and Returns: LEGR 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
Peer Group Comparison Sample data. Subscribe for access.
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
LEGR
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™
LEGR
8.3%
Cat. Avg
4.0%
Fund Category: Global
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.3% |
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 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. LEGR's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places LEGR in the 81st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
LEGR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based Global Equity ETFs |
# of ETFs | 191 |
Avg. Expense Ratio | 55.4 bp |
Std. Deviation | 17.5 bp |
LEGR (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) |
|
---|---|---|---|
LEGR | 65.0 | 38.5 | 103.5 |
Peer Avg. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .