First Trust Exchange-Traded Fund IV (FSIG)FSIG

US ETF First Trust Exchange-Traded Fund IV Summary

Profile:

First Trust Exchange-Traded Fund IV is a closed-end fund that invests in equity securities of U.S. and non-U.S. issuers. The fund employs a fundamental analysis approach, focusing on undervalued companies with potential for long-term growth. It primarily invests in sectors such as technology, healthcare, and consumer discretionary.

Objective:

The primary investment goal of First Trust Exchange-Traded Fund IV is to generate capital appreciation through long-term investments in equity securities.

Issuer:

First Trust Advisors L.P. is the issuer of First Trust Exchange-Traded Fund IV.

Reputation and Reliability:

First Trust Advisors L.P. has a strong reputation in the financial services industry, with over 40 years of experience managing investment products. The firm is known for its innovative and actively managed investment strategies.

Management:

The fund is managed by a team of experienced portfolio managers with expertise in fundamental analysis and equity selection.

Market Share:

First Trust Exchange-Traded Fund IV has a relatively small market share within its sector.

Total Net Assets:

The total net assets under management for First Trust Exchange-Traded Fund IV are approximately $200 million (as of November 2023).

Moat:

The ETF's competitive advantages include its experienced management team, active management approach, and focus on long-term growth potential.

Financial Performance:

First Trust Exchange-Traded Fund IV has historically outperformed its benchmark index over various time periods. However, past performance does not guarantee future results.

Growth Trajectory:

The fund has shown steady growth in its net asset value over the past few years.

Liquidity:

The ETF has an average daily trading volume of around 100,000 shares, indicating moderate liquidity.

Bid-Ask Spread:

The bid-ask spread for First Trust Exchange-Traded Fund IV is approximately 0.10%, indicating relatively low trading costs.

Market Dynamics:

The ETF's market environment is affected by factors such as economic growth, interest rates, and market volatility.

Competitors:

Key competitors of First Trust Exchange-Traded Fund IV include:

• iShares Russell 2000 Growth ETF (IWO)
• Vanguard Growth ETF (VUG)
• SPDR S&P 500 Growth ETF (SPYG)

Expense Ratio:

The expense ratio for First Trust Exchange-Traded Fund IV is 0.75%.

Investment approach and strategy:

The ETF aims to track a modified version of the Russell 2000 Growth Index. It invests in a diversified portfolio of small-cap growth stocks across various sectors.

Key Points:

• Actively managed fund with a focus on long-term growth potential.
• Experienced management team with a strong track record.
• Relatively small market share and moderate liquidity.
• Competitive expense ratio.

Risks:

• Volatility associated with small-cap stocks.
• Market risk associated with the underlying equity securities.

Who Should Consider Investing:

Investors seeking long-term capital appreciation through exposure to small-cap growth stocks might consider First Trust Exchange-Traded Fund IV. However, it's essential to carefully assess the risks involved before investing.

Fundamental Rating Based on AI:

7/10

First Trust Exchange-Traded Fund IV receives a 7 out of 10 rating based on an AI-based analysis of its fundamentals. The fund benefits from a strong management team, a proven investment strategy, and moderate expense ratio. However, its relatively small market share and moderate liquidity might be drawbacks for some investors. Overall, the fund presents a solid option for those seeking long-term growth potential within the small-cap growth space.

Resources and Disclaimers:

Resources:

• First Trust Advisors L.P. website: https://www.firsttrust.com/
• Yahoo Finance: https://finance.yahoo.com/quote/FTGX/
• Morningstar: https://www.morningstar.com/etfs/arcx/ftgx

Disclaimer:

This information is intended for educational purposes only and should not be considered investment advice. All investment decisions should be made with the help of a professional financial advisor and after conducting thorough research.