First Trust Multi Cap Value AlphaDEX Fund
ALTAR
Score™
7.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.3x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.4%


  • 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) $74
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 675
Wgt avg mkt cap (mns) $28,434
Large cap (>$10bn) 51.5%
Mid cap ($2-10bn) 37.8%
Small cap (<$2bn) 10.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAL MOTORS CO 0.6 %
EXXON MOBIL CORP 0.5 %
CENTURYTEL INC 0.5 %
PULTE HOMES INC 0.5 %
DR HORTON INC 0.5 %
LENNAR CORP-CL A 0.5 %
MICRON TECHNOLOGY INC 0.5 %
CVS CAREMARK CORP 0.5 %
METLIFE INC 0.5 %
FRANKLIN RESOURCES INC 0.5 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BERMUDA 1.5 %
IRELAND 0.9 %
PUERTO RICO 0.2 %
BRITAIN 0.2 %
SWITZERLAND 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.4% 2.4% 9.3% 9.0% 6.7%

Market Correlations
versus... Beta R-squared
S&P500 1.39 86%
MSCI EAFE 1.35 80%
MSCI Emg. Mkts. 1.14 73%

Technical Indicators
Recent close $61.83
30d moving avg. $59.52
Annualized volatility 28.2%
Short interest (ETF) 0.3%
Short interest (Underlying) 6.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $84,728

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.5%


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
(%)
VFVA Vanguard U.S. Value Factor ETF 57.0 14 57 8.5 +1.0
TUSA First Trust Total US Market AlphaDEX ETF 49.8 70 1 4.8 -2.8
FTA First Trust Large Cap Value AlphaDEX Fund 49.2 60 11 7.3 -0.2
FEX First Trust Large Cap Core AlphaDEX Fund 48.7 60 11 4.7 -2.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 40.2 29 42 6.0 -1.5
IWS iShares Russell Mid-Cap Value ETF 38.9 24 47 5.9 -1.6
JVAL JPMorgan U.S. Value Factor ETF 37.4 12 59 7.1 -0.4
RSP Invesco S&P 500 Equal Weight ETF 37.3 20 51 5.6 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 35.5 12 59 6.2 -1.4
EQAL Invesco Russell 1000 Equal Weight ETF 35.2 20 51 5.0 -2.5
VONV Vanguard Russell 1000 Value Index Fund 34.7 8 63 6.2 -1.4
ONEO SPDR Russell 1000 Momentum Focus ETF 34.6 20 51 5.6 -1.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 34.6 35 36 5.1 -2.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 34.4 35 36 5.0 -2.5
VOOV Vanguard S&P 500 Value ETF 34.1 10 61 6.6 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.1 25 46 5.7 -1.9
PRF Invesco FTSE RAFI US 1000 ETF 34.1 39 32 5.8 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 33.9 20 51 6.2 -1.4
IUSV iShares Core S&P U.S. Value ETF 33.6 4 67 6.4 -1.1
IWD iShares Russell 1000 Value ETF 33.5 19 52 6.0 -1.5
SIZE iShares MSCI USA Size Factor ETF 33.5 15 56 5.1 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 33.5 15 56 5.1 -2.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 33.4 17 54 5.6 -1.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 33.0 17 54 6.1 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.8 25 46 5.7 -1.8
VBR Vanguard Small Cap Value Index Fund 32.2 7 64 6.4 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 32.2 9 62 5.0 -2.6
AVUS Avantis U.S. Equity ETF 31.9 15 56 4.8 -2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 31.4 18 53 5.6 -1.9
VTV Vanguard Value Index Fund 31.0 4 67 6.6 -1.0
IVE iShares S&P 500 Value ETF 31.0 18 53 6.3 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 30.9 4 67 6.4 -1.1
IWR iShares Russell Midcap ETF 30.8 19 52 4.7 -2.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 30.5 29 42 6.2 -1.4
VUSE Vident Core US Equity Fund 30.4 48 23 7.4 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 30.2 25 46 4.9 -2.6
JHMM John Hancock Multifactor Mid Cap ETF 30.2 42 29 4.7 -2.9
FNK First Trust Mid Cap Value AlphaDEX Fund 30.1 70 1 7.7 +0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 30.0 61 10 5.1 -2.5
RPV Invesco S&P 500 Pure Value ETF 30.0 35 36 10.0 +2.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.0 29 42 7.3 -0.2
RWL Invesco S&P 500 Revenue ETF 29.6 39 32 6.3 -1.3
SCHV Schwab U.S. Large-Cap Value ETF 29.5 4 67 6.1 -1.4
JHML John Hancock Multifactor Large Cap ETF 29.3 29 42 4.8 -2.7
RNLC Large Cap US Equity Select ETF 29.1 60 11 5.2 -2.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 28.9 24 47 5.5 -2.1
ONEY SPDR Russell 1000 Yield Focus ETF 28.5 20 51 7.2 -0.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 28.1 4 67 4.9 -2.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 28.0 15 56 6.0 -1.6
VALQ American Century STOXX U.S. Quality Value ETF 28.0 29 42 7.8 +0.3
VYM Vanguard High Dividend Yield Index ETF 27.7 6 65 6.7 -0.9
VOE Vanguard Mid-Cap Value Index Fund 27.4 7 64 6.7 -0.9
IUS Invesco Strategic US ETF 27.2 19 52 5.5 -2.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.0 20 51 7.1 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.6 30 41 5.2 -2.3
AUSF Global X Adaptive U.S. Factor ETF 26.0 27 44 8.0 +0.5
SPVU Invesco S&P 500 Enhanced Value ETF 25.9 13 58 9.5 +2.0
JKI iShares Morningstar Mid-Cap Value ETF 25.8 30 41 7.7 +0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 25.7 35 36 5.1 -2.5
ROUS Hartford Multifactor US Equity ETF 25.7 19 52 5.8 -1.7
DFAU Dimensional US Core Equity Market ETF 25.5 12 59 4.7 -2.9
VFMF Vanguard U.S. Multifactor ETF 25.3 19 52 6.1 -1.4
DTD WisdomTree U.S.Total Dividend Fund 25.3 28 43 6.2 -1.3
VO Vanguard Mid-Cap Index Fund 24.8 4 67 4.5 -3.0
SPVM Invesco S&P 500 Value with Momentum ETF 24.7 39 32 7.7 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 24.7 8 63 5.9 -1.6
VLUE iShares MSCI USA Value Factor ETF 24.6 15 56 9.8 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 24.6 4 67 4.7 -2.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.6 6 65 4.0 -3.5
EZM WisdomTree U.S. MidCap Earnings Fund 24.6 38 33 7.6 +0.0
IEFN iShares Evolved U.S. Financials ETF 24.4 18 53 7.7 +0.1
ESGV Vanguard ESG U.S. Stock ETF 24.4 12 59 4.5 -3.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 24.3 35 36 7.7 +0.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 24.3 35 36 7.7 +0.2
VB Vanguard Small-Cap ETF 24.1 5 66 4.4 -3.1
RNMC Mid Cap US Equity Select ETF 24.0 60 11 6.1 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.9 30 41 5.0 -2.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.8 20 51 6.6 -0.9
JDIV JPMorgan U.S. Dividend ETF 23.8 12 59 6.7 -0.8
TPLC Timothy Plan US Large Cap Core ETF 23.6 52 19 4.4 -3.1
SPXT ProShares S&P 500 Ex-Technology ETF 23.5 27 44 4.9 -2.7
RNDV US Equity Dividend Select ETF 23.5 50 21 7.4 -0.1
REVS Columbia Research Enhanced Value ETF 23.4 19 52 6.7 -0.9
SCHA Schwab U.S. Small-Cap ETF 23.3 4 67 3.6 -4.0
JMIN JPMorgan U.S. Minimum Volatility ETF 23.2 12 59 5.3 -2.2
SCHM Schwab U.S. Mid-Cap ETF 23.1 4 67 5.0 -2.5
SPTM SPDR Portfolio Total Stock Market ETF 23.0 3 68 4.8 -2.8
VTHR Vanguard Russell 3000 Index Fund 22.9 10 61 4.4 -3.2
QUS SPDR MSCI USA StrategicFactors ETF 22.7 15 56 5.3 -2.3
DGRO iShares Core Dividend Growth ETF 22.6 8 63 6.0 -1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 22.5 25 46 4.8 -2.8
DIVB iShares U.S. Dividend & Buyback ETF 22.4 25 46 5.9 -1.6
IWV iShares Russell 3000 ETF 22.3 20 51 4.3 -3.3
SCHB Schwab U.S. Broad Market ETF 22.3 3 68 4.4 -3.1
MAGA Point Bridge GOP Stock Tracker ETF 22.2 72 -1 5.4 -2.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 22.2 17 54 4.0 -3.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 22.2 3 68 4.4 -3.1

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%.

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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

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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 11.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.49
 
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.