First Trust Multi Cap Growth AlphaDEX Fund
ALTAR
Score™
1.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
47.6x P/Sales
ratio
2.9x
P/BV
ratio
6.9x Div.
yield
0.5%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $218
Currency USD
Expense ratio 66 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) $53,668
Large cap (>$10bn) 51.6%
Mid cap ($2-10bn) 35.5%
Small cap (<$2bn) 11.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROKU, INC. CLASS A 0.5 %
MODERNA, INC. 0.5 %
APPLIED MATERIALS INC 0.5 %
ETSY, INC. 0.5 %
TESLA MOTORS INC 0.5 %
LAM RESEARCH CORP 0.5 %
KLA-TENCOR CORPORATION 0.5 %
TWILIO, INC. CLASS A 0.5 %
TERADYNE INC 0.5 %
EXACT SCIENCES CORP 0.5 %
Total 5.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
IRELAND 1.1 %
SWITZERLAND 0.7 %
BERMUDA 0.6 %
BRITAIN 0.3 %
CAYMAN ISLANDS 0.1 %
PUERTO RICO 0.0 %




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.
34.9% 34.9% 16.3% 13.6% 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.12 89%
MSCI EAFE 1.04 76%
MSCI Emg. Mkts. 0.84 62%

Technical Indicators
Recent close $111.64
30d moving avg. $105.71
Annualized volatility 22.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.4%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $190,727

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Multi Cap Growth AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FAD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FAD Expense: 66 bp ALTAR Score™: 1.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FAD
Ticker Fund
Name
Overlap1
vs FAD
(%)
Expense
ratio
(bp)
Savings
vs FAD
(bp)
ALTAR
Score™
(%)
ALTAR
vs FAD
(%)
FTC First Trust Large Cap Growth AlphaDEX Fund 48.6 61 5 2.2 +0.4
VFMO Vanguard U.S. Momentum Factor ETF 45.2 13 53 1.4 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 43.1 60 6 4.7 +2.9
TUSA First Trust Total US Market AlphaDEX ETF 38.1 70 -4 4.8 +3.0
VXF Vanguard Extended Market Index Fund 37.9 6 60 2.5 +0.7
VBK Vanguard Small-Cap Growth Index Fund 36.9 7 59 1.9 +0.1
IWP iShares Russell Mid-Cap Growth ETF 35.9 24 42 2.6 +0.9
VB Vanguard Small-Cap ETF 35.0 5 61 4.4 +2.6
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 34.2 29 37 7.2 +5.5
JMOM JPMorgan U.S. Momentum Factor ETF 33.6 12 54 3.0 +1.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 33.0 35 31 5.1 +3.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 32.9 35 31 5.0 +3.3
JHMM John Hancock Multifactor Mid Cap ETF 32.9 42 24 4.7 +2.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 32.7 6 60 4.0 +2.2
IWR iShares Russell Midcap ETF 32.5 19 47 4.7 +2.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 31.6 75 -9 2.0 +0.2
SCHA Schwab U.S. Small-Cap ETF 31.5 4 62 3.6 +1.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 31.5 9 57 5.0 +3.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 31.5 17 49 4.0 +2.2
BFOR Barron's 400 ETF 31.3 65 1 5.5 +3.8
VTWO Vanguard Russell 2000 Index Fund 31.0 10 56 2.6 +0.9
ESGV Vanguard ESG U.S. Stock ETF 30.9 12 54 4.5 +2.7
EUSA iShares MSCI USA Equal Weighted ETF 30.5 15 51 5.1 +3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 30.5 4 62 4.9 +3.1
SIZE iShares MSCI USA Size Factor ETF 30.3 15 51 5.1 +3.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 30.2 70 -4 1.6 -0.2
JKH iShares Morningstar Mid-Cap Growth ETF 29.6 30 36 1.9 +0.1
TPLC Timothy Plan US Large Cap Core ETF 29.0 52 14 4.4 +2.7
IWM iShares Russell 2000 ETF 28.8 19 47 2.5 +0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 28.7 20 46 5.6 +3.8
FNX First Trust Mid Cap Core AlphaDEX Fund 28.5 61 5 5.0 +3.3
FSMD Fidelity Small-Mid Factor ETF 28.3 29 37 5.2 +3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 28.1 39 27 3.4 +1.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 27.6 7 59 3.9 +2.1
VTWG Vanguard Russell 2000 Growth Index Fund 27.6 15 51 0.1 -1.7
IWO iShares Russell 2000 Growth ETF 27.5 24 42 -0.1 -1.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 26.9 17 49 5.6 +3.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.9 30 36 5.2 +3.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 26.6 20 46 3.8 +2.0
BKSE BNY Mellon US Small Cap Core Equity ETF 25.6 4 62 4.7 +2.9
SCHM Schwab U.S. Mid-Cap ETF 25.4 4 62 5.0 +3.2
SFYX Sofi Next 500 ETF 25.4 0 66 4.8 +3.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.3 9 57 4.8 +3.0
VFQY Vanguard U.S. Quality Factor ETF 25.1 13 53 5.3 +3.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 24.9 9 57 3.3 +1.5
JHML John Hancock Multifactor Large Cap ETF 24.9 29 37 4.9 +3.1
RBUS Nationwide Risk-Based U.S. Equity ETF 24.6 30 36 4.6 +2.8
IUSS Invesco Strategic US Small Company ETF 24.3 23 43 3.6 +1.9
ETHO Etho Climate Leadership U.S. ETF 24.2 47 19 3.6 +1.9
VTHR Vanguard Russell 3000 Index Fund 24.2 10 56 4.4 +2.6
VO Vanguard Mid-Cap Index Fund 24.0 4 62 4.5 +2.8
IWF iShares Russell 1000 Growth ETF 24.0 19 47 3.4 +1.7
DFAU Dimensional US Core Equity Market ETF 23.9 12 54 4.7 +2.9
QGRO American Century STOXX U.S. Quality Growth ETF 23.9 29 37 3.7 +1.9
SCHB Schwab U.S. Broad Market ETF 23.8 3 63 4.5 +2.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 23.8 35 31 5.1 +3.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 23.8 3 63 4.4 +2.6
MTUM iShares MSCI USA Momentum Factor ETF 23.6 15 51 2.2 +0.5
IWV iShares Russell 3000 ETF 23.5 20 46 4.3 +2.5
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 23.5 50 16 3.3 +1.5
VTI Vanguard Total Stock Market Index Fund 23.4 3 63 4.4 +2.6
VONG Vanguard Russell 1000 Growth Index Fund 23.4 8 58 3.5 +1.8
AVUS Avantis U.S. Equity ETF 23.2 15 51 4.8 +3.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.2 30 36 5.0 +3.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.1 25 41 4.9 +3.1
VOT Vanguard Mid-Cap Growth Index Fund 23.1 7 59 2.7 +0.9
EQAL Invesco Russell 1000 Equal Weight ETF 23.0 20 46 5.0 +3.3
JHMT John Hancock Multifactor Technology ETF 22.9 40 26 4.0 +2.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.8 29 37 6.0 +4.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 22.7 39 27 3.9 +2.2
STMB iShares Factors US Mid Blend Style ETF 22.7 30 36 4.9 +3.2
VUG Vanguard Growth Index Fund 22.6 4 62 3.5 +1.7
VFMF Vanguard U.S. Multifactor ETF 22.4 19 47 6.1 +4.3
RSP Invesco S&P 500 Equal Weight ETF 22.4 20 46 5.6 +3.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 22.4 21 45 2.9 +1.1
IYY iShares Dow Jones U.S. ETF 22.3 20 46 4.4 +2.6
IUSG iShares Core S&P US Growth ETF 22.3 4 62 3.7 +1.9
SCHK Schwab 1000 Index ETF 22.0 5 61 4.6 +2.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 21.9 12 54 4.0 +2.2
IWB iShares Russell 1000 ETF 21.9 15 51 4.5 +2.7
RESP WisdomTree US ESG Fund of Benef Interest 21.9 28 38 5.1 +3.3
IGM iShares Expanded Tech Sector ETF 21.7 46 20 3.3 +1.5
SCHX Schwab U.S. Large-Cap ETF 21.5 3 63 4.6 +2.8
IETC iShares Evolved U.S. Technology ETF 21.4 18 48 3.4 +1.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.4 24 42 4.9 +3.1
SCHG Schwab U.S. Large-Cap Growth ETF 21.2 4 62 3.2 +1.4
FYC First Trust Small Cap Growth AlphaDEX Fund 21.2 70 -4 1.7 -0.1
PDP Invesco DWA Momentum ETF 21.2 62 4 1.8 +0.0
XSW SPDR S&P Software & Services ETF 20.8 35 31 3.1 +1.3
VONE Vanguard Russell 1000 ETF 20.6 8 58 4.6 +2.8
PBUS Invesco PureBeta MSCI USA ETF 20.5 4 62 4.6 +2.8
ROUS Hartford Multifactor US Equity ETF 20.3 19 47 5.9 +4.1
FTEC Fidelity MSCI Information Technology Index ETF 20.1 8 58 3.9 +2.1
JOET Virtus Terranova US Quality Momentum ETF 20.1 29 37 4.6 +2.8
FYX First Trust Small Cap Core AlphaDEX Fund 20.0 63 3 5.4 +3.6
STSB iShares Factors US Small Blend Style ETF 20.0 35 31 2.9 +1.1
VGT Vanguard Information Technology Index Fund 20.0 10 56 3.9 +2.1
AFLG First Trust Active Factor Large Cap ETF 20.0 55 11 4.7 +2.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.0 25 41 4.8 +3.0

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 Growth AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.5 %
Divided by: Fwd. P/BV 6.0 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 1.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.