First Trust Multi Cap Value AlphaDEX Fund
ALTAR
Score™
9.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Multi Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Multi Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $53
Currency USD
Expense ratio 71 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 676
Wgt avg mkt cap (mns) $21,287
Large cap (>$10bn) 43.2%
Mid cap ($2-10bn) 37.3%
Small cap (<$2bn) 19.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PULTE HOMES INC 0.6 %
LENNAR CORP-CL A 0.5 %
UNIVERSAL HEALTH SERVICES-B 0.5 %
NEWMONT MINING CORP 0.5 %
TEXTRON INC 0.5 %
AXA EQUITABLE HOLDINGS, INC. 0.5 %
EXELON CORP 0.5 %
TYSON FOODS INC-CL A 0.5 %
BIOGEN IDEC INC 0.5 %
ALLY FINANCIAL INC 0.5 %
Total 4.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BERMUDA 1.2 %
IRELAND 1.1 %
BRITAIN 0.8 %
PUERTO RICO 0.4 %
CANADA 0.2 %
SWITZERLAND 0.2 %
LUXEMBOURG 0.1 %
CAYMAN ISLANDS 0.1 %
NETHERLANDS 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.9% -11.9% 2.6% 8.2% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.43 87%
MSCI EAFE 1.51 82%
MSCI Emg. Mkts. 1.07 68%

Technical Indicators
Recent close $47.80
30d moving avg. $46.25
Annualized volatility 26.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $69,115

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Multi Cap Value AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FAB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FAB Expense: 71 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FAB
Ticker Fund
Name
Overlap1
vs FAB
(%)
Expense
ratio
(bp)
Savings
vs FAB
(bp)
ALTAR
Score™
(%)
ALTAR
vs FAB
(%)
FTA First Trust Large Cap Value AlphaDEX Fund 50.4 60 11 9.2 -0.6
VFVA Vanguard U.S. Value Factor ETF 48.9 14 57 11.0 +1.3
FEX First Trust Large Cap Core AlphaDEX Fund 47.9 60 11 5.8 -3.9
TUSA First Trust Total US Market AlphaDEX ETF 47.8 70 1 5.7 -4.0
JVAL JPMorgan U.S. Value Factor ETF 36.4 12 59 8.5 -1.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 36.2 29 42 9.4 -0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 35.8 29 42 6.7 -3.0
VLU SPDR S&P 1500 Value Tilt ETF 34.5 12 59 7.2 -2.5
RSP Invesco S&P 500 Equal Weight ETF 34.5 20 51 6.5 -3.2
PVAL Principal Contrarian Value Index ETF 34.3 29 42 9.8 +0.1
IWS iShares Russell Mid-Cap Value ETF 32.9 24 47 7.0 -2.8
EQAL Invesco Russell 1000 Equal Weight ETF 31.9 20 51 5.4 -4.3
SIZE iShares Edge MSCI USA Size Factor ETF 31.6 15 56 6.1 -3.6
EUSA iShares MSCI USA Equal Weighted ETF 31.5 15 56 6.0 -3.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.9 25 46 6.2 -3.5
ONEY SPDR Russell 1000 Yield Focus ETF 30.9 20 51 9.0 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 30.8 39 32 6.6 -3.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.6 35 36 5.6 -4.1
IUSV iShares Core S&P U.S. Value ETF 29.9 4 67 7.3 -2.4
ONEO SPDR Russell 1000 Momentum Focus ETF 29.8 20 51 6.2 -3.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 29.8 25 46 6.2 -3.5
FNK First Trust Mid Cap Value AlphaDEX Fund 29.7 70 1 10.8 +1.1
VBR Vanguard Small Cap Value Index Fund 29.6 7 64 8.1 -1.7
FNX First Trust Mid Cap Core AlphaDEX Fund 29.6 61 10 6.4 -3.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.4 29 42 7.8 -1.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 29.2 9 62 5.8 -3.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 29.1 25 46 6.3 -3.5
VALQ American Century STOXX U.S. Quality Value ETF 28.7 29 42 8.8 -0.9
VONV Vanguard Russell 1000 Value Index Fund 28.3 8 63 6.9 -2.8
IWD iShares Russell 1000 Value ETF 28.3 19 52 6.8 -2.9
AVUS Avantis U.S. Equity ETF 28.1 15 56 5.5 -4.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.9 17 54 6.2 -3.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.9 20 51 6.8 -3.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 27.9 18 53 6.0 -3.7
SPYV SPDR Portfolio S&P 500 Value ETF 27.5 4 67 7.3 -2.5
IVE iShares S&P 500 Value ETF 27.5 18 53 7.1 -2.6
VOOV Vanguard S&P 500 Value ETF 27.5 15 56 7.1 -2.6
RNLC Large Cap US Equity Select ETF 27.2 60 11 6.1 -3.7
RWL Invesco S&P 500 Revenue ETF 27.1 39 32 7.0 -2.7
VUSE Vident Core US Equity Fund 27.0 48 23 7.5 -2.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.0 20 51 9.2 -0.5
IUS Invesco Strategic US ETF 26.9 19 52 6.3 -3.4
VTV Vanguard Value Index Fund 26.6 4 67 7.3 -2.5
ROUS Hartford Multifactor US Equity ETF 26.2 19 52 7.0 -2.7
VOE Vanguard Mid-Cap Value Index Fund 26.0 7 64 7.6 -2.1
JKI iShares Morningstar Mid-Cap Value ETF 25.9 30 41 8.9 -0.9
SCIU Global X Scientific Beta US ETF 25.9 19 52 5.6 -4.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 25.7 17 54 6.3 -3.4
SPVU Invesco S&P 500 Enhanced Value ETF 25.7 13 58 11.4 +1.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.7 20 51 7.4 -2.4
JHMM John Hancock Multifactor Mid Cap ETF 25.7 42 29 5.5 -4.2
IWR iShares Russell Midcap ETF 25.7 19 52 5.5 -4.3
EZM WisdomTree U.S. MidCap Earnings Fund 25.6 38 33 8.8 -0.9
JHML John Hancock Multifactor Large Cap ETF 25.4 29 42 5.4 -4.4
VLUE iShares Edge MSCI USA Value Factor ETF 25.2 15 56 11.4 +1.7
USDY Pacific Global US Equity Income ETF 25.0 29 42 7.1 -2.6
VFMF Vanguard U.S. Multifactor ETF 24.7 19 52 6.8 -2.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.6 30 41 6.3 -3.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.6 24 47 6.0 -3.8
SCHV Schwab U.S. Large-Cap Value ETF 24.5 4 67 7.1 -2.7
AUSF Global X Adaptive U.S. Factor ETF 24.4 27 44 7.6 -2.1
RNDV US Equity Dividend Select ETF 24.1 50 21 8.0 -1.8
EPS WisdomTree U.S. Earnings 500 Fund 24.0 8 63 6.3 -3.4
BKSE BNY Mellon US Small Cap Core Equity ETF 23.9 4 67 5.8 -3.9
REVS Columbia Research Enhanced Value ETF 23.8 19 52 7.3 -2.4
IWN iShares Russell 2000 Value ETF 23.6 24 47 6.9 -2.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 23.5 6 65 5.0 -4.7
RPV Invesco S&P 500 Pure Value ETF 23.4 35 36 10.9 +1.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 23.3 4 67 5.4 -4.3
VYM Vanguard High Dividend Yield Index ETF 23.3 6 65 7.3 -2.4
DTD WisdomTree U.S.Total Dividend Fund 23.2 28 43 6.5 -3.3
DIVB iShares U.S. Dividend & Buyback ETF 23.1 25 46 6.4 -3.3
RNMC Mid Cap US Equity Select ETF 22.7 60 11 7.3 -2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 22.6 29 42 5.8 -3.9
DON WisdomTree U.S. MidCap Dividend Fund 22.5 38 33 7.4 -2.3
VTWV Vanguard Russell 2000 Value Index Fund 22.4 15 56 7.1 -2.6
SCHA Schwab U.S. Small-Cap ETF 22.3 4 67 4.4 -5.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.3 25 46 6.2 -3.5
VB Vanguard Small-Cap ETF 22.2 5 66 5.2 -4.5
SCHM Schwab U.S. Mid-Cap ETF 22.1 4 67 6.0 -3.7
SPVM Invesco S&P 500 Value with Momentum ETF 22.0 39 32 8.8 -0.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 21.9 15 56 6.7 -3.1
FVAL Fidelity Value Factor ETF 21.7 29 42 7.7 -2.0
VFQY Vanguard U.S. Quality Factor ETF 21.7 13 58 5.8 -3.9
RAFE PIMCO RAFI ESG U.S. ETF 21.6 29 42 7.5 -2.2
IEFN iShares Evolved U.S. Financials ETF 21.4 18 53 9.2 -0.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 21.3 17 54 4.9 -4.8
SPXT ProShares S&P 500 Ex-Technology ETF 21.1 27 44 5.4 -4.3
VFLQ Vanguard U.S. Liquidity Factor ETF 21.1 14 57 4.5 -5.2
AFLG First Trust Active Factor Large Cap ETF 20.8 55 16 5.3 -4.4
MAGA Point Bridge GOP Stock Tracker ETF 20.7 72 -1 6.3 -3.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 20.5 40 31 6.8 -2.9
JDIV JPMorgan U.S. Dividend ETF 20.3 12 59 7.7 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 20.3 15 56 5.7 -4.0
FSMD Fidelity Small-Mid Factor ETF 20.2 29 42 6.7 -3.0
SPTM SPDR Portfolio Total Stock Market ETF 20.1 3 68 5.3 -4.4
VO Vanguard Mid-Cap Index Fund 20.0 4 67 5.1 -4.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.0 15 56 6.0 -3.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.9 35 36 8.4 -1.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 19.9 35 36 8.4 -1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Multi Cap Value AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.