First Trust Australia
ALTAR
Score™
5.4% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
16.1x P/Sales
ratio
1.8x
P/BV
ratio
2.0x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Australia AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Australia Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 15, 2012
Assets (mns) $2
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $13,059
Large cap (>$10bn) 29.3%
Mid cap ($2-10bn) 70.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.2%
Emerging mkts 0.9%

TOP TEN HOLDINGS
BLUESCOPE STEEL LTD 4.8 %
ORIGIN ENERGY LIMITED 4.6 %
AFTERPAY TOUCH GROUP LTD. 4.3 %
FORTESCUE METALS GROUP LTD 4.1 %
MAGELLAN FINANCIAL GROUP LTD 4.0 %
GPT GROUP 4.0 %
BEACH PETROLEUM LTD 3.9 %
TELSTRA CORPORATION LIMITED 3.8 %
MEDIBANK PRIVATE LTD 3.7 %
ALUMINA LTD 3.5 %
Total 40.7 %

TOP COUNTRY EXPOSURE
AUSTRALIA 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.1% 8.9% 4.5% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.71 48%
MSCI EAFE 0.82 55%
MSCI Emg. Mkts. 0.61 50%

Technical Indicators
Recent close $31.78
30d moving avg. $31.29
Annualized volatility 12.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.57%
ADV underlying (mns) $1,423

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Australia ETF based on the alternatives' overlap in portfolio holdings with FAUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FAUS Expense: 80 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FAUS
Ticker Fund
Name
Overlap1
vs FAUS
(%)
Expense
ratio
(bp)
Savings
vs FAUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs FAUS
(%)
FLAU Franklin FTSE Australia 28.6 9 71 6.0 +0.7
EWA iShares MSCI Australia 27.2 47 33 5.6 +0.3
FPA First Trust Asia Pac Ex-Japan AlphaDEX 20.6 80 0 8.7 +3.4
SCIX Global X Scientific Beta Asia ex-Japan 20.5 38 42 6.1 +0.8
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 18.1 19 61 6.5 +1.2
EPP iShares MSCI Pacific ex-Japan 17.0 48 32 6.3 +0.9
IMOM MomentumShares Int'l Quantitative Momentum 12.7 59 21 4.8 -0.6
IDOG ALPS International Sector Dividend Dogs 8.9 50 30 7.4 +2.0
IVAL Valueshares Int'l Quantitative Value 8.5 59 21 8.2 +2.8
AXJL WisdomTree Asia Pacific Ex-Japan 8.2 48 32 9.1 +3.7
PICK iShares MSCI Global Select Metals & Mining 8.0 39 41 7.5 +2.1
DWMF WisdomTree International Multifactor Fund 7.6 38 42 6.4 +1.0
FYLD Cambria Foreign Shareholder 7.4 59 21 8.2 +2.8
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 6.8 24 56 7.1 +1.7
IDMO Invesco S&P Int'l Dev. Momentum 6.5 25 55 4.7 -0.7
JPGE JPM Diversified Return Global Equity 6.0 29 51 6.9 +1.5
INTF iShares FactorSelect MSCI International 6.0 30 50 8.3 +3.0
IPAC iShares Core MSCI Pacific 5.8 9 71 7.5 +2.1
DVYA iShares Asia/Pacific Dividend 30 5.7 49 31 8.3 +2.9
PIZ Invesco DWA Dev. Mkts. Technical Leaders 5.6 80 0 4.2 -1.2

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 Australia
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 11.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.91 CATEGORY
AVERAGE
1.63
 
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.