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
3.4 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) | $3,390 |
| 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
| C.H. ROBINSON WORLDWIDE INC | 1.9 % |
| BROWN & BROWN INC | 1.8 % |
| S&P GLOBAL, INC. | 1.8 % |
| ESSEX PROPERTY TRUST INC | 1.8 % |
| WAL-MART STORES INC | 1.8 % |
| AMCOR PLC | 1.8 % |
| SHERWIN-WILLIAMS CO/THE | 1.7 % |
| CINTAS CORP | 1.7 % |
| AFLAC INC | 1.7 % |
| NEXTERA ENERGY GROUP | 1.7 % |
Constituent Breakdown
| Number of holdings | 134 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $110,072 |
| 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 | 93.4 % |
 |
BRITAIN | 4.9 % |
 |
SWITZERLAND | 1.7 % |
 |
IRELAND | 1.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.1% | 18.0% | 9.0% | 7.2% | 9.4% | -- | 10.2% | Volatility | 9.1% | 9.4% | 12.1% | 14.4% | 19.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 78% |
| MSCI EAFE | 0.79 | 77% |
| MSCI Emg Mkts | 0.54 | 35% |
Liquidity Measures
| Avg. volume (000) | 389 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $23,520 |
Technical Indicators
| Recent close | $50.36 |
| 30d moving avg. | $53.51 |
| Annualized volatility | 15.8% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | 22.1% | +7 bp | +0.2% |
| CCOR | Core Alternative ETF | 21.9% | +32 bp | -1.0% |
| ACIO | Aptus Collared Investment Opportunity ETF | 14.8% | +4 bp | -1.6% |
| XYLE | Global X S&P 500 ESG Covered Call ETF | 14.1% | -15 bp | -1.0% |
| EFIV | SPDR S&P 500 ESG ETF | 13.9% | -65 bp | -0.6% |
| DJIA | Global X Dow 30 Covered Call ETF | 12.9% | -15 bp | -0.9% |
| DYLG | Global X Dow 30 Covered Call & Growth ETF | 12.9% | -15 bp | -0.9% |
| PBP | Invesco S&P 500 BuyWrite ETF | 12.4% | -26 bp | -1.2% |
| XRMI | Global X S&P 500 Risk Managed Income ETF | 12.3% | -15 bp | -1.3% |
| XYLD | Global X S&P 500 Covered Call ETF | 12.3% | -15 bp | -1.3% |
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 12/18/2024
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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
5.7%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. KNG's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places KNG in the 51st 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. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .