First Trust Australia AlphaDEX Fund
ALTAR
Score™
6.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.6x P/Sales
ratio
1.7x
P/BV
ratio
1.3x Div.
yield
3.2%


  • 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 14, 2012
Assets (mns) $3
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) $12,338
Large cap (>$10bn) 21.3%
Mid cap ($2-10bn) 75.3%
Small cap (<$2bn) 0.0%
Developed mkts 97.7%
Emerging mkts 2.3%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 5.3 %
AFTERPAY TOUCH GROUP LTD. 4.7 %
CHARTER HALL GROUP 4.6 %
JB HI-FI LTD 4.3 %
ORIGIN ENERGY LIMITED 4.0 %
MIRVAC GROUP 3.9 %
DEXUS PROPERTY GROUP 3.7 %
EVOLUTION MINING LTD 3.5 %
SANTOS LTD 3.5 %
COLES GROUP LTD. 3.5 %
Total 40.9 %

TOP COUNTRY EXPOSURE
AUSTRALIA 100.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.6% -16.1% 2.6% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.25 74%
MSCI EAFE 1.42 80%
MSCI Emg. Mkts. 1.01 66%

Technical Indicators
Recent close $26.65
30d moving avg. $25.97
Annualized volatility 25.1%
Short interest (ETF) 5.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.88%
ADV underlying (mns) $1,494

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Australia AlphaDEX Fund 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™: 6.3%


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 ETF 27.5 9 71 6.5 +0.3
EWA iShares MSCI Australia ETF 26.7 50 30 6.1 -0.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 20.9 80 0 7.3 +1.0
SCIX Global X Scientific Beta Asia ex-Japan ETF 19.3 38 42 6.6 +0.4
EPP iShares MSCI Pacific ex-Japan ETF 19.1 48 32 6.5 +0.3
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 18.8 19 61 6.8 +0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 11.4 83 -3 5.3 -1.0
IVAL Alpha Architect International Quantitative Value ETF 10.4 59 21 10.1 +3.9
EFAS Global X MSCI SuperDividend EAFE ETF 8.6 56 24 9.6 +3.4
FYLD Cambria Foreign Shareholder Yield ETF 8.5 59 21 6.7 +0.5
DVYA iShares Asia/Pacific Dividend ETF 8.1 49 31 12.8 +6.5
PICK iShares MSCI Global Metals & Mining Producers ETF 7.5 39 41 6.8 +0.5
IDOG ALPS International Sector Dividend Dogs ETF 7.3 50 30 10.6 +4.4
IPAC iShares Core MSCI Pacific ETF 7.1 9 71 7.2 +1.0
ESGN Columbia Sustainable International Equity Income ETF 6.9 45 35 10.4 +4.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 6.8 24 56 7.0 +0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 6.7 29 51 12.0 +5.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 6.5 29 51 8.5 +2.2
DOO WisdomTree International Dividend ex-Financials Fund 6.2 58 22 8.6 +2.4
INTF iShares Edge MSCI Multifactor Intl ETF 6.2 30 50 7.7 +1.4
VPL Vanguard FTSE Pacific ETF 5.9 8 72 7.5 +1.2
QINT American Century Quality Diversified International ETF 5.9 39 41 5.6 -0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.8 58 22 7.7 +1.5
IDHQ Invesco S&P International Developed Quality ETF 5.6 29 51 5.0 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 5.5 37 43 7.8 +1.5
GNR SPDR S&P Global Natural Resources ETF 5.5 40 40 6.3 +0.1
IPKW Invesco International BuyBack Achievers ETF 5.2 55 25 8.2 +2.0
GCOW Pacer Global High Dividend ETF 5.2 60 20 10.2 +3.9
WWJD Inspire International ESG ETF 5.2 80 0 7.3 +1.0
MXI iShares Global Materials ETF 5.1 46 34 5.7 -0.6
GUNR Flexshares Morningstar Global Upstream Natural Resources 4.9 46 34 5.5 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 4.9 20 60 10.8 +4.6
FTRI First Trust Indxx Global Natural Resources Income ETF 4.9 70 10 8.8 +2.6
FINX Global X FinTech Thematic ETF 4.7 68 12 3.5 -2.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 4.5 20 60 9.4 +3.2
FDT First Trust Developed Markets ex-US Alphadex Fund 4.5 80 0 7.2 +1.0
GDXJ VanEck Vectors Junior Gold Miners ETF 4.5 53 27 2.4 -3.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.5 65 15 10.5 +4.2
IFGL iShares International Developed Real Estate ETF 4.4 48 32 7.7 +1.4
DTH WisdomTree DEFA Equity Income Fund 4.4 58 22 9.6 +3.3
WPS iShares International Developed Property ETF 4.4 48 32 7.9 +1.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.3 45 35 9.8 +3.5
RFDI First Trust Riverfront Dynamic Developed International ETF 4.2 83 -3 5.6 -0.7
VIDI Vident International Equity Fund 4.2 59 21 10.9 +4.6
IDY Pacific Global International Equity Income ETF 4.1 39 41 7.9 +1.7
GDX VanEck Vectors Gold Miners ETF 4.1 52 28 2.6 -3.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 4.0 10 70 9.2 +2.9
LVHI Legg Mason International Low Volatility High Dividend ETF 4.0 40 40 9.0 +2.8
HAP VanEck Vectors Natural Resources ETF 4.0 50 30 5.9 -0.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 3.9 47 33 11.9 +5.7
IDMO Invesco S&P International Developed Momentum ETF 3.8 26 54 4.4 -1.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 3.7 30 50 6.0 -0.3
DRW WisdomTree Global ex-US Real Estate Fund 3.7 58 22 10.6 +4.3
TPAY Tortoise Digital Payments Infrastructure Fund 3.6 40 40 5.4 -0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 3.5 20 60 5.4 -0.8
VNQI Vanguard Global ex-US Real Estate Index Fund 3.4 12 68 10.1 +3.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 3.4 35 45 8.5 +2.3
MVIN Natixis Seeyond International Minimum Volatility ETF 3.4 56 24 5.3 -1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.4 39 41 6.4 +0.2
RWX SPDR Dow Jones International Real Estate ETF 3.3 59 21 6.8 +0.5
ISZE iShares Edge MSCI Intl Size Factor ETF 3.3 30 50 7.2 +1.0
TPIF Timothy Plan International ETF 3.3 62 18 6.2 -0.1
DIM WisdomTree International MidCap Dividend Fund 3.2 58 22 7.5 +1.3
IQDF FlexShares International Quality Dividend Index Fund 3.2 47 33 12.1 +5.8
CRAK VanEck Vectors Oil Refiners ETF 3.2 60 20 12.3 +6.1
ISDX Invesco Strategic Developed ex-US ETF 3.2 23 57 7.2 +1.0
GRES IQ Global Resources ETF 3.2 77 3 7.2 +1.0
JHMD John Hancock Multifactor Developed International ETF 3.2 39 41 7.3 +1.1
DWCR Arrow DWA Country Rotation ETF 3.2 95 -15 13.6 +7.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.1 50 30 6.0 -0.2
DWMF WisdomTree International Multifactor Fund 3.1 38 42 6.6 +0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 3.1 30 50 6.8 +0.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 3.0 35 45 6.8 +0.6
CIL VictoryShares International Volatility Weighted Index ETF 3.0 45 35 6.5 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 3.0 45 35 6.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 2.9 32 48 9.9 +3.6
IPAY ETFMG Prime Mobile Payments ETF 2.9 75 5 6.7 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 2.9 20 60 7.2 +1.0
DWM WisdomTree International Equity Fund 2.9 48 32 8.2 +1.9
IDV iShares International Select Dividend ETF 2.8 49 31 10.0 +3.8
EFG iShares MSCI EAFE Growth ETF 2.8 40 40 4.5 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.8 35 45 8.4 +2.1
EFA iShares MSCI EAFE ETF 2.8 32 48 6.9 +0.7
EFV iShares MSCI EAFE Value ETF 2.8 39 41 9.4 +3.2
DOL WisdomTree International LargeCap Dividend Fund 2.8 48 32 8.5 +2.2
HFXI IQ 50 Percent Hedged FTSE International ETF 2.8 20 60 7.3 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 2.7 32 48 6.3 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.7 35 45 6.7 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 2.7 7 73 7.4 +1.2
REET iShares Global REIT ETF 2.7 14 66 7.4 +1.1
IMOM Alpha Architect International Quantitative Momentum ETF 2.6 59 21 3.3 -2.9
FDEV Fidelity Targeted International Factor ETF 2.6 39 41 6.5 +0.2
IEFA iShares Core MSCI EAFE ETF 2.6 7 73 7.2 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 2.6 25 55 8.6 +2.3
BLES Inspire Global Hope Large Cap ETF 2.6 52 28 6.4 +0.2
PDEV Principal International Multi-Factor Core Index ETF 2.6 25 55 7.7 +1.5
IQSI IQ Candriam ESG International Equity ETF 2.5 15 65 7.2 +0.9
PSP Invesco Global Listed Private Equity ETF 2.5 178 -98 5.3 -1.0
SCHF Schwab International Equity ETF 2.5 6 74 7.2 +1.0

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.59
 
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.