KNG
FT Vest S&P 500 Dividend Aristocrats Target Income ETF
KNG tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.6 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 26, 2018 |
| Assets (mns) | $3,636 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| INTL BUSINESS MACHINES CORP | 1.7 % |
| ABBVIE INC | 1.7 % |
| NUCOR CORP | 1.6 % |
| COCA-COLA CO/THE | 1.6 % |
| WAL-MART STORES INC | 1.6 % |
| ECOLAB INC | 1.6 % |
| EVERSOURCE ENERGY | 1.6 % |
| MCDONALD'S CORP | 1.6 % |
| ROPER TECHNOLOGIES, INC. | 1.6 % |
| JOHNSON & JOHNSON | 1.6 % |
Constituent Breakdown
| Number of holdings | 136 |
| Herfindahl-Hirschman Index | 148 |
| Wgt avg mkt cap (mns) | $100,088 |
| Large cap (>$10bn) | 98.4% |
| Mid cap ($2-10bn) | 1.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.8 % |
 |
BRITAIN | 4.4 % |
 |
IRELAND | 1.5 % |
 |
SWITZERLAND | 1.5 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 5.1% | 6.9% | 4.8% | 10.1% | -- | 8.8% | Volatility | 11.9% | 9.8% | 10.5% | 14.1% | 19.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 75% |
| MSCI EAFE | 0.78 | 74% |
| MSCI Emg Mkts | 0.54 | 35% |
Liquidity Measures
| Avg. volume (000) | 495 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $17,986 |
Technical Indicators
| Recent close | $50.58 |
| 30d moving avg. | $51.03 |
| Annualized volatility | 15.7% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.8% |
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. KNG |
Expenses vs. KNG |
ALTAR Score™ vs. KNG |
|---|---|---|---|---|
| CCOR | Core Alternative ETF | 21.9% | +32 bp | -1.4% |
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 15.5% | +7 bp | +0.7% |
| EFIV | SPDR S&P 500 ESG ETF | 15.1% | -65 bp | -0.4% |
| ACIO | Aptus Collared Investment Opportunity ETF | 15.0% | +4 bp | -1.6% |
| SFLR | Innovator Equity Managed Floor ETF | 13.6% | +14 bp | -1.5% |
| XYLG | Global X S&P 500 Covered Call & Growth ETF | 13.2% | -15 bp | 0.0% |
| XYLD | Global X S&P 500 Covered Call ETF | 13.1% | -15 bp | -0.9% |
| XTR | Global X S&P 500 Tail Risk ETF | 13.1% | -49 bp | +0.6% |
| XCLR | Global X S&P 500 Collar 95-110 ETF | 13.0% | -50 bp | +0.4% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 12.9% | -15 bp | -1.1% |
Risk and Returns: KNG 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 3/11/2025
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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
KNG
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 Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
KNG
5.9%
Cat. Avg
5.9%
ALTAR Score™ Calculation
Category Overview
There are 947 funds in the US Equity category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. KNG's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places KNG in the 50th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KNGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KNG (75 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KNG | 75.0 | 8.5 | 83.5 |
| Peer Avg. | 36.9 | 15.4 | 52.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .