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Investment Objective/Strategy - The Developed International Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Developed Markets Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").
There can be no assurance that the Fund's investment objectives will be achieved.
- The Nasdaq Riskalyze Developed Markets Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of low volatility securities.
- The index selects securities from the Nasdaq Developed Markets Ex-US Large Mid Cap Index based on factors such as liquidity and volatility.
- To be eligible for inclusion in the index, the securities must meet certain criteria, including:
- a minimum three-month average daily dollar trading volume of $5 million,
- having traded on an eligible exchange for at least one calendar year.
- Eligible securities are ranked by trailing twelve month volatility within their respective countries.
- The 25 securities with the lowest volatility from each country are selected (or all securities if less than 25 qualify).
- Weights are assigned that are equal to the to the country and sector weights within the Nasdaq Developed Markets Ex-US Large Mid Cap Index. The index weighting methodology includes a maximum weight cap of 3% to prevent high concentrations among larger stocks.
- The index is rebalanced and reconstituted on a semi-annual basis.
Ticker | RNDM |
Fund Type | International Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33738R787 |
ISIN | US33738R7879 |
Intraday NAV | RNDMIV |
Fiscal Year-End | 03/31 |
Exchange | Nasdaq |
Inception | 6/20/2017 |
Inception Price | $49.73 |
Inception NAV | $49.73 |
Rebalance Frequency | Semi-Annual |
Expense Ratio | 0.65% |
Closing NAV1 | $51.76 |
Closing Market Price2 | $51.63 |
Bid/Ask Midpoint | $51.93 |
Bid/Ask Premium | 0.32% |
30-Day Median Bid/Ask Spread3 | 0.39% |
Total Net Assets | $23,293,580 |
Outstanding Shares | 450,002 |
Daily Volume | 180 |
Average 30-Day Daily Volume | 903 |
Closing Market Price 52-Week High/Low | $54.29 / $34.63 |
Closing NAV 52-Week High/Low | $54.34 / $34.63 |
Number of Holdings (excluding cash) | 431 |
Holding |
Percent |
Ono Pharmaceutical Co., Ltd. |
2.27% |
Admiral Group Plc |
2.24% |
MS&AD Insurance Group Holdings, Inc. |
2.01% |
Bridgestone Corporation |
1.66% |
Kyocera Corporation |
1.49% |
USS Co., Ltd. |
1.43% |
Nintendo Co., Ltd. |
1.31% |
Mitsubishi Corporation |
1.26% |
Itochu Corporation |
1.24% |
Croda International Plc |
1.23% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Maximum Market Cap. | $489,654 |
Median Market Cap. | $13,335 |
Minimum Market Cap. | $3,943 |
Price/Earnings | 22.04 |
Price/Book | 2.02 |
Price/Cash Flow | 12.44 |
Price/Sales | 1.43 |
Country |
Percent |
Japan |
21.86% |
United Kingdom |
11.16% |
France |
8.90% |
Switzerland |
8.66% |
Canada |
6.94% |
Germany |
6.74% |
Australia |
6.34% |
South Korea |
5.09% |
The Netherlands |
4.63% |
Hong Kong |
2.95% |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
119 |
27 |
--- |
--- |
Days Traded at Discount |
134 |
11 |
--- |
--- |
Financials
|
18.46%
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Industrials
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16.69%
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Consumer Discretionary
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14.87%
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Health Care
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12.20%
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Technology
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10.65%
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Consumer Staples
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9.69%
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Basic Materials
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5.40%
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Telecommunications
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4.78%
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Utilities
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3.77%
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Real Estate
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2.08%
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Energy
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1.41%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
RNDM |
15.82% |
-2.20 |
0.85 |
0.03 |
0.98 |
NASDAQ DM Ex-US Large Mid Cap Index |
18.20% |
--- |
1.00 |
0.18 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI World ex USA Index - The Index includes developed markets and is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. NASDAQ DM Ex-US Large Mid Cap Index - The Index is designed to track the performance of securities assigned to Developed Markets Ex United States and comprised of the Large Mid Cap segment.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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