First Trust Multi Cap Value AlphaDEX Fund
ALTAR
Score™
13.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.6x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
4.0%


  • 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 10, 2007
Assets (mns) $46
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 674
Wgt avg mkt cap (mns) $23,439
Large cap (>$10bn) 40.5%
Mid cap ($2-10bn) 37.5%
Small cap (<$2bn) 22.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEWMONT MINING CORP 0.8 %
T-MOBILE US, INC. 0.6 %
BIOGEN IDEC INC 0.6 %
KROGER CO 0.6 %
EXELON CORP 0.6 %
MICRON TECHNOLOGY INC 0.6 %
PACCAR INC 0.6 %
AT&T INC 0.6 %
ELECTRONIC ARTS INC 0.6 %
INTEL CORP 0.5 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
BERMUDA 1.2 %
IRELAND 1.0 %
BRITAIN 0.8 %
SWITZERLAND 0.5 %
PUERTO RICO 0.2 %
CAYMAN ISLANDS 0.1 %
NETHERLANDS 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-38.4% -32.5% -4.0% 4.9% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 1.40 85%
MSCI EAFE 1.36 78%
MSCI Emg. Mkts. 1.03 66%

Technical Indicators
Recent close $34.10
30d moving avg. $42.11
Annualized volatility 23.1%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.4%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.8%
Bid/Ask (% of price) 1.01%
ADV underlying (mns) $97,456

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™: 13.3%


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
(%)
TUSA First Trust Total US Market AlphaDEX ETF 53.5 70 1 9.4 -3.9
FTA First Trust Large Cap Value AlphaDEX Fund 53.3 60 11 12.1 -1.2
VFVA Vanguard U.S. Value Factor ETF 50.9 13 58 16.5 +3.2
FEX First Trust Large Cap Core AlphaDEX Fund 48.0 60 11 8.1 -5.2
JVAL JPMorgan U.S. Value Factor ETF 38.2 12 59 11.9 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 36.5 29 42 9.2 -4.0
IWS iShares Russell Mid-Cap Value ETF 35.4 24 47 10.0 -3.3
RSP Invesco S&P 500 Equal Weight ETF 35.1 20 51 8.8 -4.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 34.5 17 54 9.0 -4.3
EQAL Invesco Russell 1000 Equal Weight ETF 34.3 20 51 7.6 -5.7
CFA Victory CEMP US 500 Volatility Weighted Index ETF 33.7 35 36 8.1 -5.2
VLU SPDR S&P 1500 Value Tilt ETF 32.9 12 59 9.6 -3.7
ONEO SPDR Russell 1000 Momentum Focus ETF 32.8 20 51 9.4 -3.9
ROUS Hartford Multifactor US Equity ETF 32.7 19 52 9.2 -4.1
PRF Invesco FTSE RAFI US 1000 ETF 32.6 39 32 9.2 -4.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 32.5 20 51 9.5 -3.8
EUSA iShares MSCI USA Equal Weighted ETF 32.4 15 56 8.4 -4.8
VUSE Vident Core US Equity Fund 32.0 48 23 11.0 -2.3
VONV Vanguard Russell 1000 Value Index Fund 31.8 8 63 9.3 -4.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 31.8 9 62 8.1 -5.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 31.7 17 54 8.9 -4.3
AVUS Avantis U.S. Equity ETF 31.5 15 56 8.0 -5.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 31.5 25 46 8.4 -4.9
IWD iShares Russell 1000 Value ETF 31.3 19 52 9.1 -4.1
SIZE iShares Edge MSCI USA Size Factor ETF 31.2 15 56 8.3 -5.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.9 19 52 8.3 -5.0
IUSV iShares Core S&P U.S. Value ETF 30.8 4 67 9.4 -3.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.4 25 46 8.3 -5.0
ONEY SPDR Russell 1000 Yield Focus ETF 30.4 20 51 12.2 -1.1
VBR Vanguard Small Cap Value Index Fund 30.3 7 64 12.0 -1.3
SCIU Global X Scientific Beta US ETF 30.2 19 52 7.6 -5.7
VALQ American Century STOXX U.S. Quality Value ETF 29.9 29 42 11.5 -1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 29.5 25 46 8.6 -4.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.3 29 42 10.6 -2.7
PVAL Principal Contrarian Value Index ETF 29.0 29 42 10.6 -2.7
USDY Pacific Global US Equity Income ETF 29.0 29 42 10.5 -2.7
VOOV Vanguard S&P 500 Value ETF 28.8 15 56 9.2 -4.1
SPYV SPDR Portfolio S&P 500 Value ETF 28.8 4 67 9.2 -4.1
IVE iShares S&P 500 Value ETF 28.7 18 53 9.1 -4.2
VFMF Vanguard U.S. Multifactor ETF 28.7 18 53 10.9 -2.3
FNK First Trust Mid Cap Value AlphaDEX Fund 28.6 70 1 15.9 +2.6
FNX First Trust Mid Cap Core AlphaDEX Fund 28.6 61 10 10.1 -3.1
RWL Invesco S&P 500 Revenue ETF 28.5 39 32 9.2 -4.1
JHML John Hancock Multifactor Large Cap ETF 28.0 34 37 7.5 -5.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.8 24 47 8.3 -4.9
JHMM John Hancock Multifactor Mid Cap ETF 27.7 44 27 8.3 -5.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 27.4 20 51 10.4 -2.8
RNLC Large Cap US Equity Select ETF 27.4 60 11 8.2 -5.1
VTV Vanguard Value Index Fund 27.4 4 67 9.1 -4.2
IWR iShares Russell Midcap ETF 27.4 19 52 8.0 -5.3
JKI iShares Morningstar Mid-Cap Value ETF 27.0 30 41 13.5 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 26.5 8 63 8.5 -4.8
RPV Invesco S&P 500 Pure Value ETF 26.5 35 36 17.6 +4.4
VLUE iShares Edge MSCI USA Value Factor ETF 26.3 15 56 14.4 +1.2
EZM WisdomTree U.S. MidCap Earnings Fund 26.0 38 33 13.8 +0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 25.8 30 41 7.2 -6.1
SPVU Invesco S&P 500 Enhanced Value ETF 25.7 13 58 15.9 +2.7
SCHV Schwab U.S. Large-Cap Value ETF 25.5 4 67 9.0 -4.3
IUS Invesco Strategic US ETF 25.4 19 52 7.9 -5.4
REVS Columbia Research Enhanced Value ETF 24.9 19 52 9.9 -3.4
VOE Vanguard Mid-Cap Value Index Fund 24.9 7 64 10.8 -2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.6 30 41 8.1 -5.2
DON WisdomTree U.S. MidCap Dividend Fund 24.5 38 33 11.0 -2.3
DTD WisdomTree U.S.Total Dividend Fund 24.5 28 43 8.5 -4.8
DIVB iShares U.S. Dividend & Buyback ETF 24.4 25 46 8.8 -4.5
VFQY Vanguard U.S. Quality Factor ETF 24.3 13 58 8.5 -4.8
AFLG First Trust Active Factor Large Cap ETF 24.2 55 16 7.7 -5.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 24.0 35 36 7.6 -5.6
FVAL Fidelity Value Factor ETF 23.8 29 42 11.0 -2.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 23.5 15 56 8.9 -4.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.5 29 42 8.2 -5.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.5 9 62 7.3 -6.0
VB Vanguard Small-Cap ETF 23.1 5 66 8.1 -5.2
VYM Vanguard High Dividend Yield Index ETF 23.1 6 65 8.9 -4.4
RNMC Mid Cap US Equity Select ETF 22.9 60 11 10.0 -3.3
JDIV JPMorgan U.S. Dividend ETF 22.7 12 59 10.7 -2.6
LRGF iShares Edge MSCI Multifactor USA ETF 22.6 20 51 9.0 -4.2
VO Vanguard Mid-Cap Index Fund 22.6 4 67 7.7 -5.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.4 6 65 8.0 -5.3
RAFE PIMCO RAFI ESG U.S. ETF 22.2 29 42 10.3 -3.0
SCHA Schwab U.S. Small-Cap ETF 22.2 4 67 7.5 -5.8
FLAG FLAG-Forensic Accounting Long Short ETF 22.1 152 -81 11.1 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 22.0 15 56 7.3 -6.0
SPXT ProShares S&P 500 Ex-Technology ETF 21.8 27 44 7.3 -6.0
EXT WisdomTree U.S. Total Earnings Fund 21.8 28 43 7.7 -5.6
SCHM Schwab U.S. Mid-Cap ETF 21.8 4 67 9.0 -4.3
FVD First Trust Value Line Dividend Index Fund 21.8 70 1 8.0 -5.2
SPTM SPDR Portfolio Total Stock Market ETF 21.8 3 68 7.3 -6.0
DGRO iShares Core Dividend Growth ETF 21.7 8 63 8.4 -4.9
AUSF Global X Adaptive U.S. Factor ETF 21.6 27 44 10.5 -2.8
SCHB Schwab U.S. Broad Market ETF 21.6 3 68 7.0 -6.2
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.5 25 46 9.6 -3.7
VTI Vanguard Total Stock Market Index Fund 21.5 3 68 7.0 -6.3
VTHR Vanguard Russell 3000 Index Fund 21.5 10 61 6.9 -6.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 21.5 3 68 7.0 -6.3
IEFN iShares Evolved U.S. Financials ETF 21.5 18 53 12.1 -1.1
IWV iShares Russell 3000 ETF 21.4 20 51 6.9 -6.4
HSPX Global X S&P 500 Covered Call ETF 21.4 65 6 6.2 -7.1
IYY iShares Dow Jones U.S. ETF 21.3 20 51 6.9 -6.3
PBP Invesco S&P 500 BuyWrite ETF 21.3 49 22 6.5 -6.8

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 11.3 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 71 bp
Equals: ALTAR Score 13.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.51
 
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.