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First Trust Lunt U.S. Factor Rotation ETF
ETF
FCTR
Payout Change
Pending
Price as of:
$30.15
+0.02
+0.06%
primary theme
U.S. Large-Cap Blend Equity
FCTR (ETF)
First Trust Lunt U.S. Factor Rotation ETF
Payout Change
Pending
Price as of:
$30.15
+0.02
+0.06%
primary theme
U.S. Large-Cap Blend Equity
FCTR (ETF)
First Trust Lunt U.S. Factor Rotation ETF
Payout Change
Pending
Price as of:
$30.15
+0.02
+0.06%
primary theme
U.S. Large-Cap Blend Equity
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.6%
1 yr return
18.7%
3 Yr Avg Return
-3.0%
5 Yr Avg Return
8.1%
Net Assets
$79.3 M
Holdings in Top 10
18.3%
52 WEEK LOW AND HIGH
$30.1
$22.67
$31.14
Expenses
OPERATING FEES
Expense Ratio 0.65%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FCTR - Profile
Distributions
- YTD Total Return 8.6%
- 3 Yr Annualized Total Return -3.0%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.42%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Lunt U.S. Factor Rotation ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateJul 25, 2018
-
Shares Outstanding14300002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerStan Ueland
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an “indexing” investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and was developed by Lunt Capital Management, Inc. (the “Index Provider”) and is calculated and maintained by Nasdaq, Inc. Nasdaq, Inc. may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity.The Index is designed to track the performance of U.S. securities exhibiting desirable factor exposure. According to the Index Provider, the Index utilizes the Index Provider’s risk-adjusted relative strength methodology to allocate exposure to securities exhibiting either high or low levels of the characteristics associated with one of four primary investing factors: (i) momentum; (ii) value; (iii) quality; and (iv) volatility. Within the Index’s selection universe, each factor is represented by two sub-indices, each of which selects 50 stocks from the Nasdaq US 500 Large CapTM Index. One sub-index selects 50 stocks exhibiting the highest levels of the factor and the other selects 50 stocks exhibiting the lowest levels of the factor. The factors are briefly defined, and their associated sub-indices are set forth below. The Index Provider’s risk-adjusted relative strength methodology is designed to identify the sub-indices with the greatest return potential with the least amount of risk and tactically allocate exposure to those sub-indices.•Momentum is the statistical measurement of the price performance of a security versus a market average, another security or a universe of securities. The sub-indices representing this factor are rebalanced semi-annually and evaluate the average of a security’s trailing 12-month, 9-month, 6-month, 3-month and 1-month returns.○Nasdaq Factor Family US MomentumTM Index: an index seeking to select a portfolio of securities exhibiting high momentum factor characteristics.○Nasdaq Factor Laggard US MomentumTM Index: an index seeking to select a portfolio of securities exhibiting low momentum factor characteristics.•Value is the statistical measurement of a security’s price relative to the fundamental value of that security. The sub-indices representing this factor are rebalanced semi-annually and select securities based on a value score that evaluates several factors, including a security’s book value to price ratio, cash flow to price, return on assets, sales enterprise value and earnings-to-price ratio.○Nasdaq Factor Family US ValueTM Index: an index seeking to select a portfolio of securities exhibiting high value factor characteristics.○Nasdaq Factor Laggard US ValueTM Index: an index seeking to select a portfolio of securities exhibiting low value factor characteristics.•Quality is the statistical measurement of the strength of a security’s fundamentals. The sub-indices representing this factor are rebalanced annually and evaluate several criteria, including a security’s earnings-per-share, operating margin, sales growth and return on equity.○Nasdaq Factor Family US QualityTM Index: an index seeking to select a portfolio of securities exhibiting high quality factor characteristics.○Nasdaq Factor Laggard US QualityTM Index: an index seeking to select a portfolio of securities exhibiting low quality factor characteristics.•Volatility is the statistical measurement of the magnitude of a security’s price fluctuations over time. The sub-indices representing this factor are rebalanced semi-annually and evaluate a security’s realized volatility over trailing 12-month, 9-month, 6-month and 3-month and 1-month time periods.○Nasdaq Factor Family US Low VolatilityTM Index: an index seeking to select a portfolio of securities exhibiting low levels of volatility.○Nasdaq Factor Laggard US Low VolatilityTM Index: an index seeking to select a portfolio of securities exhibiting high levels of volatility.According to the Index Provider, on the last trading day of each month, the Index applies the Index Provider’s risk-adjusted relative strength methodology to each pair of sub-indices and assigns each a “Risk-Adjusted Score.” The Risk-Adjusted Score is the return per unit of risk of the sub-index, measured as the standard deviation of returns over the course of the prior 12 months. From each pair of sub-indices, the Index selects the sub-index with the highest Risk-Adjusted Score for inclusion in the Index and invests in the securities comprising the four selected sub-indices. The aggregate weight assigned to each sub-index is dependent upon the Index’s holdings prior to the Index’s evaluation. If, upon the evaluation, the same four sub-indices are selected for inclusion in the Index, no changes of any kind are enacted. If, however, one or more sub-indices are to be replaced, the weight assigned to the sub-indices already included in the Index (if any) remains unchanged and the aggregate weight of the sub-indices that are removed is redistributed equally to the newly included sub-indices. Within each sub-index, the securities are weighted by factor score, with the highest scoring security receiving the highest weight.The Index is rebalanced and reconstituted periodically and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s periodic rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 31, 2023, the Index was composed of 154 securities andthe Fund had significant investments in information technology companies, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of March 31, 2023. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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FCTR - Performance
Return Ranking - Trailing
| Period | FCTR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -1.8% | 12.5% | 13.34% |
| 1 Yr | 18.7% | 2.3% | 44.9% | 81.29% |
| 3 Yr | -3.0%* | -11.8% | 27.1% | 98.86% |
| 5 Yr | 8.1%* | -1.9% | 106.4% | 93.69% |
| 10 Yr | N/A* | 2.5% | 20.6% | 79.04% |
* Annualized
Return Ranking - Calendar
| Period | FCTR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.4% | -42.6% | 47.4% | 97.04% |
| 2022 | -21.5% | -56.3% | -4.2% | 53.65% |
| 2021 | 20.5% | -27.2% | 53.7% | 34.09% |
| 2020 | 29.4% | -36.2% | 2181.7% | 0.51% |
| 2019 | 29.6% | -22.7% | 40.4% | 10.48% |
Total Return Ranking - Trailing
| Period | FCTR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.6% | -1.8% | 12.5% | 13.34% |
| 1 Yr | 18.7% | 2.3% | 44.9% | 81.29% |
| 3 Yr | -3.0%* | -11.8% | 27.1% | 98.86% |
| 5 Yr | 8.1%* | -1.9% | 106.4% | 93.69% |
| 10 Yr | N/A* | 2.5% | 20.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FCTR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.7% | -5.0% | 47.4% | 99.60% |
| 2022 | -20.4% | -36.8% | -2.2% | 83.24% |
| 2021 | 21.1% | 3.0% | 124.3% | 90.38% |
| 2020 | 30.1% | -15.8% | 2266.0% | 1.19% |
| 2019 | 30.9% | -0.4% | 241.3% | 37.66% |
FCTR - Holdings
Concentration Analysis
| FCTR | Category Low | Category High | FCTR % Rank | |
|---|---|---|---|---|
| Net Assets | 79.3 M | 2.34 M | 1.55 T | 89.24% |
| Number of Holdings | 155 | 1 | 4053 | 41.71% |
| Net Assets in Top 10 | 15.2 M | 885 K | 387 B | 93.64% |
| Weighting of Top 10 | 18.28% | 0.3% | 112.0% | 96.77% |
Top 10 Holdings
- NVIDIA Corp 2.66%
- Royal Caribbean Cruises Ltd 2.25%
- Apollo Global Management Inc 2.07%
- Builders FirstSource Inc 1.76%
- Broadcom Inc 1.68%
- DraftKings Inc 1.66%
- ROBLOX Corp 1.65%
- Fair Isaac Corp 1.52%
- Insulet Corp 1.52%
- Alnylam Pharmaceuticals Inc 1.52%
Asset Allocation
| Weighting | Return Low | Return High | FCTR % Rank | |
|---|---|---|---|---|
| Stocks | 99.88% | 0.00% | 124.03% | 7.07% |
| Cash | 0.12% | 0.00% | 99.06% | 87.59% |
| Preferred Stocks | 0.00% | 0.00% | 2.38% | 95.29% |
| Other | 0.00% | -13.91% | 100.00% | 95.92% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 95.11% |
| Bonds | 0.00% | -0.50% | 93.78% | 95.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FCTR % Rank | |
|---|---|---|---|---|
| Financial Services | 20.41% | 0.00% | 55.59% | 7.27% |
| Energy | 14.52% | 0.00% | 41.64% | 1.20% |
| Healthcare | 14.35% | 0.00% | 60.70% | 52.04% |
| Utilities | 10.18% | 0.00% | 20.91% | 0.88% |
| Technology | 7.48% | 0.00% | 48.94% | 96.08% |
| Consumer Defense | 6.55% | 0.00% | 47.71% | 58.67% |
| Real Estate | 6.29% | 0.00% | 31.91% | 3.76% |
| Basic Materials | 6.07% | 0.00% | 25.70% | 7.75% |
| Industrials | 5.97% | 0.00% | 29.90% | 95.04% |
| Consumer Cyclical | 5.74% | 0.00% | 30.33% | 90.89% |
| Communication Services | 2.45% | 0.00% | 27.94% | 93.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FCTR % Rank | |
|---|---|---|---|---|
| US | 99.88% | 0.00% | 124.03% | 6.13% |
| Non US | 0.00% | 0.00% | 62.81% | 95.37% |
FCTR - Expenses
Operational Fees
| FCTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.65% | 0.01% | 16.07% | 63.72% |
| Management Fee | 0.65% | 0.00% | 1.90% | 75.37% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 19.18% |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| FCTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FCTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FCTR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | 98.72% |
FCTR - Distributions
Dividend Yield Analysis
| FCTR | Category Low | Category High | FCTR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.54% | 0.00% | 25.73% | 68.11% |
Dividend Distribution Analysis
| FCTR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| FCTR | Category Low | Category High | FCTR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.42% | -54.00% | 6.06% | 66.88% |
Capital Gain Distribution Analysis
| FCTR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.041 | OrdinaryDividend |
| Dec 29, 2023 | $0.080 | OrdinaryDividend |
| Sep 29, 2023 | $0.019 | OrdinaryDividend |
| Jun 30, 2023 | $0.115 | OrdinaryDividend |
| Mar 31, 2023 | $0.075 | OrdinaryDividend |
| Dec 30, 2022 | $0.072 | OrdinaryDividend |
| Sep 30, 2022 | $0.138 | OrdinaryDividend |
| Jun 30, 2022 | $0.095 | OrdinaryDividend |
| Mar 31, 2022 | $0.082 | OrdinaryDividend |
| Dec 31, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.018 | OrdinaryDividend |
| Jun 30, 2021 | $0.055 | OrdinaryDividend |
| Mar 31, 2021 | $0.067 | OrdinaryDividend |
| Dec 31, 2020 | $0.002 | OrdinaryDividend |
| Sep 30, 2020 | $0.028 | OrdinaryDividend |
| Jun 30, 2020 | $0.064 | OrdinaryDividend |
| Mar 31, 2020 | $0.037 | OrdinaryDividend |
| Dec 31, 2019 | $0.071 | OrdinaryDividend |
| Sep 30, 2019 | $0.070 | OrdinaryDividend |
| Jun 28, 2019 | $0.046 | OrdinaryDividend |
| Mar 29, 2019 | $0.036 | OrdinaryDividend |
| Dec 31, 2018 | $0.093 | OrdinaryDividend |
| Sep 28, 2018 | $0.024 | OrdinaryDividend |
FCTR - Fund Manager Analysis
Managers
Stan Ueland
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Roger Testin
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Chris Peterson
Start Date
Tenure
Tenure Rank
Jul 23, 2018
3.86
3.9%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.23 | 2.42 |
