RNLC
Large Cap US Equity Select ETF
The Large Cap US Equity Select ETF tracks a dividend-selected, tier-weighted index of Large-Cap U.S. Equities.
Fund Basics
| Fund sponsor | First Trust |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 20, 2017 |
| Assets (mns) | $16 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| INTUIT INC | 1.1 % |
| INTEL CORP | 1.0 % |
| CDW CORP/DE | 1.0 % |
| MICRON TECHNOLOGY INC | 1.0 % |
| INTL BUSINESS MACHINES CORP | 1.0 % |
| COGNIZANT TECH SOLUTIONS-A | 1.0 % |
| SAIC INC | 1.0 % |
| NVIDIA CORP | 1.0 % |
| ROPER TECHNOLOGIES, INC. | 1.0 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.0 % |
Constituent Breakdown
| Number of holdings | 376 |
| Herfindahl-Hirschman Index | 46 |
| Wgt avg mkt cap (mns) | $136,616 |
| Large cap (>$10bn) | 96.5% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.1 % |
 |
IRELAND | 2.6 % |
 |
SWITZERLAND | 1.4 % |
 |
NETHERLANDS | 0.9 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 10.5% | 12.0% | 0.3% | 11.6% | 9.0% | -- | 10.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 92% |
| MSCI EAFE | 0.93 | 82% |
| MSCI Emg Mkts | 0.66 | 40% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $133,247 |
Technical Indicators
| Recent close | $31.72 |
| 30d moving avg. | $32.41 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.2% |
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. RNLC |
Expenses vs. RNLC |
ALTAR Score™ vs. RNLC |
|---|---|---|---|---|
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 58.6% | -51 bp | -0.5% |
| RSP | Invesco S&P 500 Equal Weight ETF | 57.3% | -40 bp | -0.4% |
| CFA | VictoryShares US 500 Volatility Weighted Index ETF | 54.2% | -25 bp | -0.5% |
| CFO | VictoryShares US 500 Enhanced Volatility Weighted Index ETF | 53.9% | -24 bp | -0.5% |
| RNDV | US Equity Dividend Select ETF | 53.7% | -10 bp | +2.8% |
| JHML | John Hancock Multifactor Large Cap ETF | 53.4% | -31 bp | -1.1% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 53.4% | -51 bp | -0.5% |
| SIZE | iShares MSCI USA Size Factor ETF | 53.2% | -45 bp | -0.7% |
| SSPY | Syntax Stratified LargeCap ETF | 51.5% | -30 bp | -0.1% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 47.9% | -51 bp | -0.9% |
Risk and Returns: RNLC 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 9/20/2023
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
RNLC
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™
RNLC
7.3%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.3% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. RNLC's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places RNLC in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RNLC
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) |
|
|---|---|---|---|
| RNLC | 60.0 | 30.1 | 90.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .