First Trust Multi Cap Growth AlphaDEX Fund
ALTAR
Score™
2.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.8x P/Sales
ratio
3.4x
P/BV
ratio
4.9x Div.
yield
0.9%


  • 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) $161
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 674
Wgt avg mkt cap (mns) $57,931
Large cap (>$10bn) 52.5%
Mid cap ($2-10bn) 34.9%
Small cap (<$2bn) 12.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 0.7 %
COUPA SOFTWARE, INC. 0.7 %
DOCUSIGN, INC. 0.7 %
OKTA, INC. CLASS A 0.6 %
TERADYNE INC 0.5 %
DEXCOM INC 0.5 %
VEEVA SYSTEMS INC-CLASS A 0.5 %
WEST PHARMACEUTICAL SERVICES 0.5 %
SEATTLE GENETICS INC 0.5 %
APPLE INC 0.5 %
Total 5.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
IRELAND 0.8 %
BERMUDA 0.8 %
SWITZERLAND 0.4 %
BRITAIN 0.2 %
CAYMAN ISLANDS 0.1 %
PUERTO RICO 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
1.2% 5.1% 9.3% 13.2% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.14 89%
MSCI EAFE 1.10 73%
MSCI Emg. Mkts. 0.77 57%

Technical Indicators
Recent close $78.57
30d moving avg. $76.30
Annualized volatility 20.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $184,894

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 2.5%


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 49.6 61 5 2.9 +0.4
FEX First Trust Large Cap Core AlphaDEX Fund 44.8 60 6 6.1 +3.5
VFMO Vanguard U.S. Momentum Factor ETF 44.5 13 53 1.2 -1.4
TUSA First Trust Total US Market AlphaDEX ETF 41.4 70 -4 6.1 +3.5
VXF Vanguard Extended Market Index Fund 38.0 7 59 3.8 +1.3
VB Vanguard Small-Cap ETF 37.2 5 61 5.4 +2.9
JMOM JPMorgan U.S. Momentum Factor ETF 36.4 12 54 3.9 +1.4
BFOR Barron's 400 ETF 36.2 65 1 6.4 +3.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.2 9 57 6.0 +3.4
VBK Vanguard Small-Cap Growth Index Fund 34.2 7 59 2.5 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 34.0 42 24 5.9 +3.3
IWP iShares Russell Mid-Cap Growth ETF 33.9 24 42 4.2 +1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 33.6 35 31 6.0 +3.4
ONEO SPDR Russell 1000 Momentum Focus ETF 32.7 20 46 6.6 +4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 32.4 6 60 5.4 +2.9
SCHA Schwab U.S. Small-Cap ETF 32.3 4 62 4.8 +2.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 32.0 17 49 6.5 +3.9
IWR iShares Russell Midcap ETF 31.9 19 47 5.7 +3.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 31.5 17 49 5.2 +2.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 31.4 4 62 5.8 +3.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 31.0 35 31 5.5 +2.9
EUSA iShares MSCI USA Equal Weighted ETF 30.9 15 51 6.4 +3.8
SCIU Global X Scientific Beta US ETF 30.6 19 47 5.9 +3.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.6 75 -9 3.9 +1.3
SIZE iShares Edge MSCI USA Size Factor ETF 30.4 15 51 6.4 +3.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 30.2 70 -4 2.1 -0.4
IWM iShares Russell 2000 ETF 29.8 19 47 3.7 +1.1
VTWO Vanguard Russell 2000 Index Fund 29.5 10 56 3.7 +1.2
JKH iShares Morningstar Mid-Cap Growth ETF 29.5 30 36 2.3 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.4 9 57 5.6 +3.1
JHML John Hancock Multifactor Large Cap ETF 29.4 29 37 5.7 +3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 28.8 61 5 6.5 +3.9
ETHO Etho Climate Leadership U.S. ETF 28.6 47 19 4.4 +1.9
SCHB Schwab U.S. Broad Market ETF 28.0 3 63 5.3 +2.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.0 3 63 5.3 +2.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.9 29 37 6.8 +4.3
VTI Vanguard Total Stock Market Index Fund 27.7 3 63 5.2 +2.7
TPLC Timothy Plan US Large Cap Core ETF 27.6 52 14 5.6 +3.0
IWV iShares Russell 3000 ETF 27.6 20 46 5.1 +2.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.5 39 27 4.3 +1.7
VTHR Vanguard Russell 3000 Index Fund 27.5 10 56 5.2 +2.7
ESGV Vanguard ESG U.S. Stock ETF 27.3 12 54 5.3 +2.7
IWO iShares Russell 2000 Growth ETF 27.3 24 42 0.8 -1.8
VTWG Vanguard Russell 2000 Growth Index Fund 27.2 15 51 0.8 -1.8
EQAL Invesco Russell 1000 Equal Weight ETF 27.0 20 46 5.8 +3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 27.0 20 46 6.1 +3.5
AVUS Avantis U.S. Equity ETF 27.0 15 51 5.8 +3.3
SCHK Schwab 1000 Index ETF 27.0 5 61 5.3 +2.8
IUSG iShares Core S&P US Growth ETF 26.9 4 62 4.4 +1.9
IWF iShares Russell 1000 Growth ETF 26.9 19 47 4.2 +1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 26.8 4 62 5.8 +3.2
IYY iShares Dow Jones U.S. ETF 26.7 20 46 5.2 +2.7
VONG Vanguard Russell 1000 Growth Index Fund 26.7 8 58 4.3 +1.8
SCHM Schwab U.S. Mid-Cap ETF 26.4 4 62 6.3 +3.8
RBUS Nationwide Risk-Based U.S. Equity ETF 26.1 30 36 5.1 +2.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.0 12 54 5.0 +2.5
IWB iShares Russell 1000 ETF 26.0 15 51 5.3 +2.7
EXT WisdomTree U.S. Total Earnings Fund 25.9 28 38 5.3 +2.8
VONE Vanguard Russell 1000 ETF 25.8 8 58 5.3 +2.8
SCHX Schwab U.S. Large-Cap ETF 25.8 3 63 5.4 +2.8
VFQY Vanguard U.S. Quality Factor ETF 25.5 13 53 6.1 +3.6
QGRO American Century STOXX U.S. Quality Growth ETF 25.4 29 37 3.2 +0.6
RSP Invesco S&P 500 Equal Weight ETF 25.4 20 46 6.8 +4.3
PBUS Invesco PureBeta MSCI USA ETF 25.3 4 62 5.3 +2.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 25.2 7 59 5.5 +3.0
FSMD Fidelity Small-Mid Factor ETF 25.2 29 37 7.1 +4.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 25.1 25 41 6.7 +4.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 25.1 15 51 4.2 +1.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 25.0 17 49 6.6 +4.1
SFY SoFi Select 500 ETF 24.9 0 66 5.3 +2.8
FDMO Fidelity Momentum Factor ETF 24.6 29 37 3.9 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 24.6 4 62 4.2 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 24.5 30 36 6.6 +4.1
VFMF Vanguard U.S. Multifactor ETF 24.5 19 47 7.3 +4.8
IUSS Invesco Strategic US Small Company ETF 24.5 23 43 5.6 +3.0
VUG Vanguard Growth Index Fund 24.5 4 62 4.1 +1.6
SPTM SPDR Portfolio Total Stock Market ETF 24.4 3 63 5.6 +3.1
PDP Invesco DWA Momentum ETF 24.2 62 4 2.8 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.2 2 64 5.4 +2.8
SFYX Sofi Next 500 ETF 24.1 0 66 6.0 +3.5
SPYG SPDR Portfolio S&P 500 Growth ETF 24.1 4 62 4.4 +1.8
IVW iShares S&P 500 Growth ETF 24.1 18 48 4.2 +1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.9 29 37 6.3 +3.8
VOOG Vanguard S&P 500 Growth ETF 23.8 10 56 4.3 +1.8
USMF WisdomTree U.S. Multifactor Fund 23.8 28 38 5.5 +3.0
VV Vanguard Large-Cap Index Fund 23.7 4 62 5.3 +2.8
ESGU iShares MSCI USA ESG Optimized ETF 23.6 15 51 5.2 +2.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.5 7 59 5.3 +2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.9 18 48 6.3 +3.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 22.8 65 1 3.4 +0.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 22.7 34 32 5.0 +2.4
RPG Invesco S&P 500 Pure Growth ETF 22.3 35 31 4.5 +1.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 22.3 21 45 3.0 +0.4
SMMD iShares Russell 2500 ETF 22.3 15 51 5.5 +3.0
SPXE ProShares S&P 500 Ex-Energy ETF 22.3 27 39 5.4 +2.9
PBP Invesco S&P 500 BuyWrite ETF 22.2 49 17 5.0 +2.5
VO Vanguard Mid-Cap Index Fund 22.1 4 62 5.5 +3.0
SPY SPDR S&P 500 ETF Trust 22.0 9 57 5.4 +2.9
IVV iShares Core S&P 500 ETF 22.0 4 62 5.5 +2.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.0 20 46 5.4 +2.9

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 14.7 %
Divided by: Fwd. P/BV 4.6 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.