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)
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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 | |
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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 .