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.
Fund Basics
| Fund sponsor | First Trust |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2018 |
| Assets (mns) | $117 |
| 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 | 2.1 % |
| ADVANCED MICRO DEVICES | 1.7 % |
| AMAZON.COM INC | 1.7 % |
| MICROSOFT CORP | 1.7 % |
| MICRON TECHNOLOGY INC | 1.5 % |
| ORACLE CORP | 1.5 % |
| SAMSUNG ELECTRONICS CO LTD | 1.5 % |
| ACCENTURE PLC-CL A | 1.5 % |
| SALESFORCE.COM INC | 1.5 % |
| INTEL CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 104 |
| Herfindahl-Hirschman Index | 109 |
| Wgt avg mkt cap (mns) | $159,210 |
| Large cap (>$10bn) | 55.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 75.8% |
| Emerging mkts. | 24.2% |
Country Exposure
 |
UNITED STATES | 39.3 % |
 |
CHINA | 11.0 % |
 |
GERMANY | 7.8 % |
 |
INDIA | 7.5 % |
 |
BRITAIN | 4.8 % |
 |
FRANCE | 3.9 % |
 |
SWITZERLAND | 2.8 % |
 |
SOUTH KOREA | 2.3 % |
 |
SPAIN | 2.3 % |
 |
AUSTRALIA | 2.2 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 8.4% | 1.5% | -4.6% | 11.3% | 6.8% | -- | 5.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 76% |
| MSCI EAFE | 1.01 | 88% |
| MSCI Emg Mkts | 0.87 | 67% |
Liquidity Measures
| Avg. volume (000) | 29 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.36% |
| ADV of underlying (mns) | $57,024 |
Technical Indicators
| Recent close | $37.75 |
| 30d moving avg. | $37.14 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| 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 | 32.1% | -5 bp | -5.7% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 27.9% | +3 bp | -8.1% |
| EQWL | Invesco Russell Top 200 Equal Weight ETF | 27.5% | -40 bp | -1.2% |
| DGT | SPDR Global Dow ETF | 26.0% | -15 bp | -0.7% |
| ITAN | Sparkline Intangible Value ETF | 24.2% | -15 bp | -1.5% |
| NXTG | First Trust Indxx NextG ETF | 22.0% | +5 bp | -2.0% |
| AIQ | Global X Future Analytics Tech ETF | 21.8% | +3 bp | -4.0% |
| OEF | iShares S&P 100 ETF | 21.0% | -45 bp | -2.9% |
| KOIN | Innovation Shares NextGen Protocol ETF | 20.9% | +10 bp | -2.3% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 20.6% | -16 bp | -2.8% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 6/2/2023
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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
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
8.1%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.1% |
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 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
4.9%. LEGR's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places LEGR in the 80th 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
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) |
|
|---|---|---|---|
| LEGR | 65.0 | 36.1 | 101.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .