First Trust Multi Cap Growth AlphaDEX Fund
ALTAR
Score™
2.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
39.5x P/Sales
ratio
3.2x
P/BV
ratio
5.7x Div.
yield
0.7%


  • 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) $172
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) $57,231
Large cap (>$10bn) 54.7%
Mid cap ($2-10bn) 34.0%
Small cap (<$2bn) 11.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 0.8 %
SQUARE, INC. CLASS A 0.6 %
NVIDIA CORP 0.6 %
EPAM SYSTEMS INC 0.5 %
QUALCOMM INC 0.5 %
APPLE INC 0.5 %
DOCUSIGN, INC. 0.5 %
ADVANCED MICRO DEVICES 0.5 %
VEEVA SYSTEMS INC-CLASS A 0.5 %
CHIPOTLE MEXICAN GRILL-CL A 0.5 %
Total 5.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 0.9 %
BERMUDA 0.9 %
SWITZERLAND 0.6 %
BRITAIN 0.1 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.8% 18.5% 12.7% 14.4% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.12 89%
MSCI EAFE 1.11 73%
MSCI Emg. Mkts. 0.79 59%

Technical Indicators
Recent close $85.79
30d moving avg. $85.22
Annualized volatility 20.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.4%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $13,813

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 49.3 61 5 2.9 +0.4
FEX First Trust Large Cap Core AlphaDEX Fund 45.2 60 6 6.0 +3.6
TUSA First Trust Total US Market AlphaDEX ETF 43.7 70 -4 6.1 +3.6
VFMO Vanguard U.S. Momentum Factor ETF 41.2 13 53 0.9 -1.6
JMOM JPMorgan U.S. Momentum Factor ETF 40.7 12 54 3.9 +1.4
VXF Vanguard Extended Market Index Fund 39.0 6 60 3.6 +1.2
IWP iShares Russell Mid-Cap Growth ETF 38.8 24 42 3.0 +0.5
IWR iShares Russell Midcap ETF 36.0 19 47 5.6 +3.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 35.5 35 31 5.8 +3.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.5 4 62 5.5 +3.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 35.1 35 31 5.8 +3.3
VB Vanguard Small-Cap ETF 34.8 5 61 5.4 +3.0
JHMM John Hancock Multifactor Mid Cap ETF 34.6 42 24 5.7 +3.2
BFOR Barron's 400 ETF 34.1 65 1 6.4 +3.9
VBK Vanguard Small-Cap Growth Index Fund 33.3 7 59 2.4 -0.1
SIZE iShares Edge MSCI USA Size Factor ETF 33.2 15 51 6.1 +3.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.0 9 57 6.0 +3.6
ONEO SPDR Russell 1000 Momentum Focus ETF 33.0 20 46 6.4 +4.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 33.0 75 -9 4.1 +1.6
EUSA iShares MSCI USA Equal Weighted ETF 32.5 15 51 6.2 +3.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 32.4 6 60 5.3 +2.9
JKH iShares Morningstar Mid-Cap Growth ETF 31.9 30 36 2.2 -0.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 31.5 17 49 5.0 +2.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 31.0 17 49 6.4 +3.9
ETHO Etho Climate Leadership U.S. ETF 30.8 47 19 4.5 +2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 30.5 70 -4 2.1 -0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 29.7 61 5 6.6 +4.2
JHML John Hancock Multifactor Large Cap ETF 29.7 29 37 5.9 +3.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 29.6 9 57 6.1 +3.7
IWF iShares Russell 1000 Growth ETF 28.8 19 47 5.5 +3.0
TPLC Timothy Plan US Large Cap Core ETF 28.7 52 14 5.4 +2.9
ESGV Vanguard ESG U.S. Stock ETF 28.2 12 54 5.8 +3.4
VONG Vanguard Russell 1000 Growth Index Fund 28.2 8 58 5.6 +3.2
SCIU Global X Scientific Beta US ETF 28.0 19 47 6.0 +3.5
SCHA Schwab U.S. Small-Cap ETF 28.0 4 62 4.6 +2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.7 39 27 4.8 +2.3
SCHB Schwab U.S. Broad Market ETF 27.6 3 63 5.7 +3.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 27.5 3 63 5.7 +3.2
VTHR Vanguard Russell 3000 Index Fund 27.5 10 56 5.6 +3.1
VO Vanguard Mid-Cap Index Fund 27.5 4 62 5.2 +2.8
IWV iShares Russell 3000 ETF 27.3 20 46 5.5 +3.0
VTI Vanguard Total Stock Market Index Fund 26.8 3 63 5.6 +3.1
IYY iShares Dow Jones U.S. ETF 26.6 20 46 5.7 +3.2
SCHK Schwab 1000 Index ETF 26.5 5 61 5.8 +3.4
QGRO American Century STOXX U.S. Quality Growth ETF 26.4 29 37 3.8 +1.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.4 29 37 6.9 +4.5
AVUS Avantis U.S. Equity ETF 26.4 15 51 6.1 +3.7
RBUS Nationwide Risk-Based U.S. Equity ETF 26.2 30 36 4.6 +2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.1 7 59 5.4 +3.0
IWB iShares Russell 1000 ETF 26.1 15 51 5.6 +3.2
VUG Vanguard Growth Index Fund 25.9 4 62 5.5 +3.1
SCHX Schwab U.S. Large-Cap ETF 25.9 3 63 5.9 +3.4
VONE Vanguard Russell 1000 ETF 25.8 8 58 5.7 +3.3
FSMD Fidelity Small-Mid Factor ETF 25.8 29 37 6.4 +4.0
IUSG iShares Core S&P US Growth ETF 25.8 4 62 5.7 +3.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.6 30 36 6.6 +4.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 25.5 17 49 6.5 +4.0
EQAL Invesco Russell 1000 Equal Weight ETF 25.4 20 46 5.7 +3.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 25.3 25 41 6.8 +4.3
VOT Vanguard Mid-Cap Growth Index Fund 25.2 7 59 3.2 +0.8
SCHM Schwab U.S. Mid-Cap ETF 25.1 4 62 6.2 +3.7
RSP Invesco S&P 500 Equal Weight ETF 25.1 20 46 6.6 +4.1
VFQY Vanguard U.S. Quality Factor ETF 25.0 13 53 6.4 +4.0
IUSS Invesco Strategic US Small Company ETF 24.9 23 43 5.4 +2.9
SCHG Schwab U.S. Large-Cap Growth ETF 24.8 4 62 5.4 +3.0
SFYX Sofi Next 500 ETF 24.8 0 66 6.0 +3.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 24.7 35 31 5.4 +3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 24.6 4 62 6.1 +3.6
PDP Invesco DWA Momentum ETF 24.5 62 4 2.9 +0.4
PBUS Invesco PureBeta MSCI USA ETF 24.4 4 62 5.9 +3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.3 29 37 6.3 +3.8
ROUS Hartford Multifactor US Equity ETF 24.3 19 47 6.5 +4.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 24.1 12 54 6.1 +3.7
EXT WisdomTree U.S. Total Earnings Fund 24.1 28 38 6.0 +3.6
SFY SoFi Select 500 ETF 24.1 0 66 5.5 +3.1
IWM iShares Russell 2000 ETF 24.0 19 47 3.7 +1.2
RPG Invesco S&P 500 Pure Growth ETF 23.9 35 31 4.6 +2.1
VTWO Vanguard Russell 2000 Index Fund 23.8 10 56 3.7 +1.3
AIEQ AI Powered Equity ETF 23.7 87 -21 2.7 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.5 2 64 5.9 +3.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 23.4 21 45 3.5 +1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 23.4 34 32 4.9 +2.5
JHMT John Hancock Multifactor Technology ETF 23.4 40 26 5.9 +3.5
VV Vanguard Large-Cap Index Fund 23.2 4 62 5.8 +3.3
JQUA JPMorgan U.S. Quality Factor ETF 23.1 12 54 5.6 +3.1
IETC iShares Evolved U.S. Technology ETF 23.1 18 48 5.8 +3.4
IVW iShares S&P 500 Growth ETF 23.0 18 48 5.6 +3.2
SPYG SPDR Portfolio S&P 500 Growth ETF 23.0 4 62 5.8 +3.3
USMF WisdomTree U.S. Multifactor Fund 23.0 28 38 5.8 +3.3
VOOG Vanguard S&P 500 Growth ETF 23.0 10 56 5.7 +3.3
FDMO Fidelity Momentum Factor ETF 22.6 29 37 4.1 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.6 7 59 5.9 +3.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 22.6 15 51 5.0 +2.6
ESGU iShares MSCI USA ESG Optimized ETF 22.5 15 51 5.7 +3.2
SPTM SPDR Portfolio Total Stock Market ETF 22.5 3 63 6.1 +3.6
IGM iShares Expanded Tech Sector ETF 22.4 46 20 5.2 +2.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 22.3 65 1 3.1 +0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 22.3 20 46 5.2 +2.7
IWO iShares Russell 2000 Growth ETF 22.3 24 42 0.0 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.1 18 48 6.2 +3.8

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 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 16.0 %
Divided by: Fwd. P/BV 5.1 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
1.46 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.