First Trust Multi Cap Growth
ALTAR
Score™
3.4% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
26.3x P/Sales
ratio
2.7x
P/BV
ratio
3.9x Div.
yield
1.3%


  • 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 10, 2007
Assets (mns) $186
Currency USD
Expense ratio 69 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) $29,849
Large cap (>$10bn) 49.7%
Mid cap ($2-10bn) 36.3%
Small cap (<$2bn) 14.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHARTER COMMUNICATIONS, INC. CLASS 0.5 %
OLD DOMINION FREIGHT LINE 0.5 %
SEATTLE GENETICS INC 0.5 %
COPART INC 0.5 %
FMC CORP 0.5 %
CDW CORP/DE 0.5 %
TESLA MOTORS INC 0.5 %
TELEDYNE TECHNOLOGIES INC 0.5 %
TRANSDIGM GROUP INC 0.5 %
RINGCENTRAL, INC. CLASS A 0.5 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 1.5 %
IRELAND 1.1 %
BRITAIN 0.3 %
PUERTO RICO 0.2 %
SWITZERLAND 0.2 %
CHINA 0.2 %
CAYMAN ISLANDS 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.4% 12.6% 10.0% 13.5% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.08 82%
MSCI EAFE 0.93 50%
MSCI Emg. Mkts. 0.65 39%

Technical Indicators
Recent close $75.94
30d moving avg. $75.02
Annualized volatility 14.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.4%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $79,764

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Multi Cap Growth 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: 69 bp ALTAR Score™: 3.4%


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 49.8 61 8 3.7 +0.3
VFMO Vanguard U.S. Momentum Factor 45.0 13 56 3.1 -0.3
FEX First Trust Large Cap Core Alphadex 39.0 61 8 6.4 +3.0
TUSA First Trust Total US Market AlphaDEX 34.6 70 -1 6.6 +3.2
VXF Vanguard Extended Market 34.5 7 62 3.3 -0.1
PBSM Invesco PureBeta MSCI USA Small Cap 33.4 6 63 5.3 +2.0
IWP iShares Russell Midcap Growth 32.9 24 45 4.5 +1.2
VB Vanguard Smallcap ETF 32.8 5 64 5.5 +2.1
JMOM JPMorgan U.S. Momentum Factor 32.8 12 57 4.3 +0.9
JHMM John Hancock Multifactor Mid Cap 32.2 44 25 5.9 +2.5
IWR iShares Russell Midcap 32.1 19 50 5.9 +2.5
FSMD Fidelity Small-Mid Factor ETF 32.1 29 40 6.4 +3.0
DEUS Xtrackers Russell 1000 Comprehensive Factor 31.8 17 52 6.4 +3.0
ONEO SPDR Russell 1000 Momentum Focus 31.6 20 49 6.5 +3.1
CFA Compass EMP US 500 Volatility Weighted 31.4 35 34 6.1 +2.7
CFO Victory CEMP US 500 Enhanced Volatility Wtd 31.4 35 34 6.1 +2.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 31.1 9 60 6.0 +2.6
FNY First Trust Mid Cap Growth AlphaDEX 30.3 70 -1 3.6 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight 29.9 29 40 6.6 +3.3
USLB Invesco Russell 1000 Low Beta Equal Weight 29.8 35 34 5.8 +2.4

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 14.3 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 69 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.56
 
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.