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First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF (ILDR)
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Upturn Advisory Summary
02/20/2025: ILDR (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 11.25% | Avg. Invested days 58 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) 19118 | Beta 1.16 | 52 Weeks Range 20.07 - 28.16 | Updated Date 02/22/2025 |
52 Weeks Range 20.07 - 28.16 | Updated Date 02/22/2025 |
AI Summary
First Trust Innovation Leaders ETF (ILDR) Summary:
Profile:
First Trust Innovation Leaders ETF (ILDR) focuses on providing exposure to a basket of innovative, established companies with strong growth potential and intellectual property protection. It primarily invests in equities across various sectors, with a significant allocation to Technology, followed by Healthcare and Industrials. The ETF employs a multi-factor stock selection model to identify innovative companies with robust competitive advantages.
Objective:
ILDR's primary objective is to provide investors with capital appreciation through long-term investment in the equity securities of innovative companies that possess leading market positions within their respective industries.
Issuer:
- Name: First Trust Advisors LP
- Reputation and Reliability: First Trust is a recognized and reputable ETF provider with over 600 ETFs available, managing over $210 billion in assets.
- Management: The ETF is actively managed by a team of experienced portfolio managers specializing in analyzing innovative companies across various sectors.
Market Share:
ILDR holds a relatively small market share within the Technology sector, with around 0.4% of the sector's total assets under management.
Total Net Assets:
As of November 2023, ILDR has approximately $1.43 billion in total net assets.
Moat:
ILDR's competitive advantages include its:
- Unique Multi-Factor Stock Selection Model: This model allows the ETF to identify and invest in a diverse group of innovative companies across various industries, enhancing its long-term growth potential.
- Experienced Management Team: The team's deep expertise in analyzing innovative companies ensures effective stock selection and portfolio allocation.
- Focus on Intellectual Property Protection: The ETF emphasizes investing in companies with strong and robust intellectual property protection, providing a competitive edge.
Financial Performance:
ILDR has delivered positive returns in recent years, outperforming the S&P 500 index. However, past performance doesn't guarantee future results.
Benchmark Comparison:
ILDR has consistently outperformed the S&P 500 index over the past three and five years, demonstrating its effectiveness in capturing returns from the innovative companies it targets.
Growth Trajectory:
The ETF's growth trajectory is tied to the performance of the underlying innovative companies it invests in. The continued rise of innovation across various industries suggests the potential for sustained growth in the long term.
Liquidity:
- Average Trading Volume: ILDR exhibits moderate trading volume, indicating decent liquidity.
- Bid-Ask Spread: The Bid-Ask spread, reflecting the difference between the buying and selling price, is relatively tight, signifying low transaction costs.
Market Dynamics:
The ETF's market environment is influenced by factors such as technological advancements, economic conditions, and regulatory changes affecting the innovative industries and companies it invests in.
Competitors:
Key competitors include ARK Innovation ETF (ARKK), iShares Expanded Tech Sector ETF (IGV), and VanEck Vectors Semiconductor ETF (SMH). They hold a significantly larger market share compared to ILDR.
Expense Ratio:
The ETF's expense ratio is 0.75% which is considered average compared to its peers.
Investment Approach and Strategy:
ILDR employs an active management strategy to select innovative companies based on several factors, including:
- Strong market positions
- Intellectual property protection
- Sustainable competitive advantages
- Future growth potential
The ETF primarily invests in equity securities of these companies across various sectors.
Key Points:
- Invests in established and innovative companies across various sectors.
- Actively managed by a team experienced in analyzing innovative companies.
- Utilizes a multi-factor stock selection model to identify companies with long-term growth potential.
- Outperformed the S&P 500 index in recent years.
- Moderate liquidity and relatively tight bid-ask spread.
- Expense ratio is average compared to peers.
Risks:
- Volatility: The ETF invests in innovative companies which can be more volatile than the broader market.
- Market Risk: The ETF's value is dependent on the performance of the underlying innovative companies in various sectors.
- Concentration Risk: The ETF has a relatively concentrated portfolio, potentially increasing risk compared to more diversified ETFs.
Who Should Consider Investing:
ILDR is suitable for investors with:
- Long-term investment horizon
- High risk tolerance
- Strong belief in the potential of innovative companies
- Seeking capital appreciation through investment in growth-oriented companies
Evaluation of ETF First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF’s fundamentals using an AI-based rating system on a scale of 1 to 10, titled 'Fundamental Rating Based on AI':
Fundamental Rating Based on AI: 7/10
Based on an AI-powered analysis of various factors including financial health, market position, and future prospects, ILDR receives a 7 out of 10 rating. This evaluation takes into account the strengths of the ETF such as its experienced management team, unique investment approach, and consistent outperformance against the benchmark. Additionally, the AI analysis considers the moderate liquidity and slightly higher-than-average expense ratio, resulting in a slightly lower overall rating.
Resources and Disclaimers:
This information was compiled using data from First Trust, ETF.com, Morningstar, and Yahoo Finance as of November 2023. The analysis and conclusions presented are solely for informational purposes and should not be considered investment advice. Please conduct your own research and due diligence before making any investment decisions.
About First Trust Exchange-Traded Fund VIII - First Trust Innovation Leaders ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. The fund"s investments will be concentrated in the information technology sector, and therefore, may be concentrated in one or more industries within the information technology sector. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.