First Trust Brazil AlphaDEX
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
First Trust Brazil AlphaDEX Fund seeks investment results that correspond to the Defined Brazil Index. |
Category | Emerging Market Equities |
Fund Sponsor | First Trust Advisors LP |
Website | www.ftportfolios.com |
Inception date | Apr 19, 2011 |
Assets (mns) | $115 |
Currency | USD |
Expense ratio | 80 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | Brown Brothers Harriman & Co |
Weighting | Tiered |
Index replication | Full |
Uses derivatives | No |
Options available | No |
No. of constituents | 49 |
Wgt avg mkt cap (mns) | $7,718 |
Large cap (>$10bn) | 19.8% |
Mid cap ($2-10bn) | 61.7% |
Small cap (<$2bn) | 9.4% |
Developed mkts | 0.0% |
Emerging mkts | 100.0% |
SUL AMERICA SA - UNITS | 4.0 % |
CIA PARANAENSE DE ENERGI-PFB | 3.8 % |
JBS SA | 3.6 % |
SAO PAULO ALPARGATAS SA-PREF | 3.5 % |
TIM PARTICIPACOES S.A. | 3.5 % |
TELEFONICA BRASIL SA PFD | 3.2 % |
BRADESPAR SA -PREF | 3.1 % |
CENTRAIS ELETRICAS BRAS-PR B | 2.9 % |
MAGAZINE LUIZA SA | 2.9 % |
BRF - BRASIL FOODS SA | 2.8 % | Total | 33.3 % |
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BRAZIL | 95.8 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
25.1% | 24.0% | 5.1% | -- | -2.2% |
versus... | Beta | R-squared |
S&P500 | 0.16 | 1% |
MSCI EAFE | 0.45 | 4% |
MSCI Emg. Mkts. | 0.69 | 13% |
Recent close | $17.11 |
30d moving avg. | $16.29 |
Annualized volatility | 26.6% |
Short interest (ETF) | 0.3% |
Relative strength (RSI) | 53 |
Avg. volume (thou.) | 9 |
Turnover | 0.1% |
Bid/Ask (% of price) | 0.73% |
ADV underlying (mns) | $1,593 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the First Trust Brazil AlphaDEX ETF based on the alternatives' overlap in portfolio holdings with FBZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | FBZ | Expense: | 80 bp | ALTAR Score™: | 6.9% |
Ticker | Fund Name |
Overlap1 vs FBZ (%) |
Expense ratio (bp) |
Savings vs FBZ (bp) |
ALTAR Score™ (%) |
ALTAR vs FBZ (%) |
FLN | First Trust Latin America AlphaDEX | 58.8 | 80 | 0 | 5.0 | -1.9 |
EWZ | iShares MSCI Brazil | 34.7 | 59 | 21 | 4.7 | -2.3 |
FLBR | Franklin FTSE Brazil | 33.0 | 19 | 61 | 5.0 | -1.9 |
FLLA | Franklin FTSE Latin America | 25.5 | 19 | 61 | 5.7 | -1.2 |
EWZS | iShares MSCI Brazil Small-Cap | 21.3 | 59 | 21 | 4.5 | -2.4 |
FEM | First Trust Emerging Markets AlphaDEX | 19.4 | 80 | 0 | 10.7 | +3.8 |
EEMO | Invesco S&P Emg Mkts Momentum | 15.0 | 30 | 50 | 7.8 | +0.9 |
BICK | First Trust BICK Index Fund | 11.3 | 64 | 16 | 5.5 | -1.4 |
EMGF | iShares Edge MSCI Multifactor Emerging Markets | 9.7 | 45 | 35 | 9.9 | +2.9 |
JPEM | JPMorgan Diversified Rtn Emg Mkt Equity | 9.3 | 45 | 35 | 8.8 | +1.9 |
SDEM | Global X SuperDividend Emg Mkts | 8.5 | 67 | 13 | 17.4 | +10.5 |
DWCR | Arrow DWA Country Rotation | 8.4 | 134 | -54 | 5.0 | -2.0 |
EMMF | WisdomTree Emerging Markets Multifactor Fund | 7.9 | 48 | 32 | 10.0 | +3.1 |
REDV | Invesco Emerging Markets Ultra Dividend Revenue ETF | 7.7 | 46 | 34 | 17.8 | +10.9 |
RFEM | First Trust Riverfront Dynamic Emerging Markets | 7.0 | 95 | -15 | 10.5 | +3.5 |
PIE | Invesco DWA Emg. Mkts. Technical Leaders | 6.9 | 90 | -10 | 5.2 | -1.8 |
BKF | iShares MSCI BRIC | 6.9 | 67 | 13 | 8.6 | +1.6 |
BRF | VanEck Vectors Brazil Small Cap | 6.9 | 60 | 20 | 7.4 | +0.4 |
XCEM | Columbia EM Core ex-China | 6.8 | 16 | 64 | 7.5 | +0.6 |
EMCG | WisdomTree Emg Mkts Consumer Growth | 6.5 | 32 | 48 | 6.6 | -0.3 |
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 | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
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 |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
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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 Brazil AlphaDEX | |||
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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