First Trust Brazil AlphaDEX Fund
ALTAR
Score™		 12.5% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 9.5x P/Sales
ratio		 0.5x
P/BV
ratio		 1.1x Div.
yield		 4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Brazil AlphaDEX Fund seeks investment results that correspond to the Defined Brazil Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 18, 2011
Assets (mns) $7
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $8,858
Large cap (>$10bn) 26.7%
Mid cap ($2-10bn) 57.7%
Small cap (<$2bn) 11.5%
Developed mkts 4.5%
Emerging mkts 95.5%

TOP TEN HOLDINGS
MARFRIG ALIMENTOS SA 4.3 %
PORTO SEGURO SA 4.0 %
EMPRESA BRAS DE AERONAUTICA 3.5 %
CIA SANEAMENTO MINAS GERAIS 3.4 %
CIA DE SANEAMENTO DO PARANA SA - S 3.4 %
JBS SA 3.4 %
VIBRA ENERGIA SA 3.2 %
TIM SA (BRAZIL) 3.1 %
CIA SANEAMENTO BASICO DE SP 3.1 %
ENERGISA SA UNITS CONS OF 1 SH + 4 3.0 %
Total 34.3 %

TOP COUNTRY EXPOSURE
BRAZIL 93.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.6% 3.8% 8.7% 5.2% -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.92 35%
MSCI EAFE 0.96 40%
MSCI Emg. Mkts. 0.75 24%

Technical Indicators
Recent close $11.35
30d moving avg. $11.04
Annualized volatility 26.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.7%
Bid/Ask (% of price) 0.99%
ADV underlying (mns) $1,553

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 potential alternatives to the First Trust Brazil AlphaDEX Fund 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™: 12.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FBZ
Ticker Fund
Name		 Overlap1
vs FBZ
(%)		 Expense
ratio
(bp)		 Savings
vs FBZ
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FBZ
(%)
FLBR Franklin FTSE Brazil ETF 40.0 19 61 15.7 +3.2
FLN First Trust Latin America AlphaDEX Fund 35.8 80 0 10.2 -2.3
EWZ iShares MSCI Brazil ETF 35.4 58 22 13.7 +1.3
FLLA Franklin FTSE Latin America ETF 29.3 19 61 13.4 +0.9
EWZS iShares MSCI Brazil Small-Cap ETF 21.8 59 21 11.5 -1.0
DVYE iShares Emerging Markets Dividend ETF 12.5 49 31 18.7 +6.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.5 70 10 15.5 +3.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 9.9 75 5 10.3 -2.2
FTHF First Trust Emerging Markets Human Flourishing ETF 9.8 75 5 8.9 -3.6
FEM First Trust Emerging Markets AlphaDEX Fund 9.7 80 0 12.0 -0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.7 44 36 10.9 -1.6
BRF VanEck Brazil Small-Cap ETF 9.7 66 14 12.1 -0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 8.5 49 31 17.0 +4.5
ILF iShares Latin America 40 ETF 8.3 48 32 13.4 +0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.8 39 41 17.2 +4.7
GVAL Cambria Global Value ETF 7.8 68 12 11.2 -1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.7 67 13 14.0 +1.6
EMMF WisdomTree Emerging Markets Multifactor Fund 7.6 48 32 8.1 -4.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 7.3 45 35 10.8 -1.7
RNEM First Trust Emerging Markets Equity Select ETF 7.0 75 5 7.0 -5.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.9 29 51 8.6 -3.8
ICLN iShares Global Clean Energy ETF 6.7 41 39 6.2 -6.3
BRAZ Global X Brazil Active ETF 6.2 75 5 13.2 +0.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.9 80 0 15.1 +2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.7 88 -8 9.8 -2.7
VCLN Virtus Duff & Phelps Clean Energy ETF 5.5 59 21 5.9 -6.6
DEM WisdomTree Emerging Markets High Dividend Fund 5.4 63 17 13.6 +1.1
BKF iShares MSCI BIC ETF 5.1 69 11 13.8 +1.3
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.8 90 -10 8.1 -4.4
XCEM Columbia EM Core ex-China ETF 4.8 16 64 8.4 -4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.7 24 56 8.5 -3.9
CGW Invesco S&P Global Water Index ETF 4.7 57 23 4.7 -7.8
STXE Strive Emerging Markets Ex-China ETF 4.5 32 48 8.0 -4.4
SDIV Global X Superdividend ETF 4.5 58 22 42.4 +29.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.4 32 48 7.0 -5.5
FRDM Freedom 100 Emerging Markets ETF 4.3 49 31 8.9 -3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.2 95 -15 13.3 +0.9
FDEM Fidelity Emerging Markets Multifactor ETF 4.1 25 55 13.6 +1.1
IWTR iShares MSCI Water Management Multisector ETF 4.1 47 33 6.1 -6.4
EFRA iShares Environmental Infrastructure and Industrials ETF 4.0 47 33 5.3 -7.2
EMXC iShares MSCI Emerging Markets ex China ETF 3.9 25 55 8.0 -4.5
VIDI Vident International Equity Strategy ETF 3.8 61 19 11.2 -1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.7 50 30 11.9 -0.6
XCNY SPDR S&P Emerging Markets ex-China ETF 3.7 15 65 7.7 -4.8
ECON Columbia Emerging Markets Consumer ETF 3.6 49 31 13.3 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 3.6 44 36 12.3 -0.2
AQWA Global X Clean Water ETF 3.6 50 30 5.0 -7.5
CUT Invesco MSCI Global Timber ETF 3.5 61 19 10.2 -2.2
WOOD iShares Global Timber & Forestry ETF 3.5 42 38 12.1 -0.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 3.4 35 45 20.9 +8.5
PIO Invesco Global Water ETF 3.1 75 5 4.9 -7.6
PICK iShares MSCI Global Metals & Mining Producers ETF 3.0 39 41 14.1 +1.6
SCHE Schwab Emerging Markets Equity ETF 3.0 11 69 11.8 -0.7
JHEM John Hancock Multifactor Emerging Markets ETF 3.0 49 31 10.7 -1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.0 46 34 10.7 -1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.9 45 35 11.1 -1.4
IPAY ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund 2.7 75 5 4.5 -8.0
LDEM iShares ESG MSCI EM Leaders ETF 2.7 17 63 14.0 +1.6
BKEM BNY Mellon Emerging Markets Equity ETF 2.7 11 69 10.6 -1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.7 36 44 10.4 -2.0
ICOP iShares Copper and Metals Mining ETF 2.7 47 33 9.5 -2.9
EEM iShares MSCI Emerging Markets ETF 2.7 69 11 10.8 -1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.6 66 14 10.5 -2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 2.6 15 65 10.9 -1.6
VWO Vanguard FTSE Emerging Markets ETF 2.6 8 72 11.1 -1.4
EYLD Cambria Emerging Shareholder Yield ETF 2.5 66 14 13.0 +0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.5 59 21 12.3 -0.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.5 86 -6 0.3 -12.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 2.5 58 22 5.0 -7.5
IEMG iShares Core MSCI Emerging Markets ETF 2.5 9 71 11.0 -1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.5 33 47 10.7 -1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.5 30 50 10.9 -1.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.4 60 20 10.8 -1.6
EMGF iShares Emerging Markets Equity Factor ETF 2.4 25 55 12.3 -0.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.4 15 65 8.6 -3.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.4 20 60 10.8 -1.7
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 64 8.6 -3.8
EDIV SPDR S&P Emerging Markets Dividend ETF 2.3 49 31 11.9 -0.6
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 48 6.2 -6.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.2 58 22 9.9 -2.5
RNRG Global X Renewable Energy Producers ETF 2.1 66 14 5.8 -6.6
BLLD JPMorgan Sustainable Infrastructure ETF 2.1 49 31 6.2 -6.3
DFAE Dimensional Emerging Core Equity Market ETF 2.0 35 45 10.2 -2.3
AVES Avantis Emerging Markets Value ETF 2.0 36 44 12.0 -0.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 42 10.0 -2.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.8 41 39 9.5 -3.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 50 10.2 -2.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.8 41 39 7.2 -5.3
LIVR Intelligent Livermore ETF 1.8 69 11 6.5 -6.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 20 7.1 -5.3
ESGE iShares ESG Aware MSCI EM ETF 1.7 25 55 10.7 -1.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.7 32 48 9.7 -2.8
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 51 6.8 -5.6
EMC Global X Emerging Markets Great Consumer ETF 1.6 75 5 8.4 -4.0
FDIG Fidelity Crypto Industry and Digital Payments ETF 1.6 39 41 -1.0 -13.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.6 40 40 7.3 -5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.5 36 44 8.2 -4.3
ERTH Invesco MSCI Sustainable Future ETF 1.5 62 18 3.6 -8.8
DSTX Distillate International Fundamental Stability & Value ETF 1.5 55 25 8.3 -4.1
IQDF FlexShares International Quality Dividend Index Fund 1.5 47 33 9.3 -3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 33 8.5 -4.0
WWJD Inspire International ETF 1.4 80 0 7.3 -5.1
DFEV Dimensional Emerging Markets Value ETF 1.4 43 37 14.1 +1.6
CGV Conductor Global Equity Value ETF 1.4 130 -50 9.1 -3.4
RODE Hartford Multifactor Diversified International ETF 1.4 29 51 11.0 -1.5
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 73 11.0 -1.4
FILL iShares MSCI Global Energy Producers ETF 1.3 39 41 12.7 +0.2
VYMI Vanguard International High Dividend Yield ETF 1.3 22 58 9.8 -2.7
SCHY Schwab International Dividend Equity ETF 1.3 14 66 9.6 -2.8
FINX Global X FinTech ETF 1.3 68 12 2.5 -10.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.3 70 10 7.8 -4.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 55 6.5 -5.9
AVEM Avantis Emerging Markets Equity ETF 1.2 33 47 9.5 -3.0
CGXU Capital Group International Focus Equity ETF 1.1 54 26 5.8 -6.7
DTEC ALPS Disruptive Technologies ETF 1.1 50 30 3.9 -8.6
DEW WisdomTree Global High Dividend Fund 1.0 58 22 8.8 -3.6
MEM Matthews Emerging Markets Equity Active ETF 1.0 79 1 8.5 -4.0
RCGE RockCreek Global Equality ETF 1.0 95 -15 6.4 -6.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.0 47 33 5.7 -6.7
JXI iShares Global Utilities ETF 0.9 43 37 5.9 -6.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 31 6.4 -6.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.8 18 62 8.0 -4.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 20 12.7 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.8 34 46 7.9 -4.5
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 73 8.1 -4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 39 7.8 -4.7
VXUS Vanguard Total International Stock ETF 0.7 7 73 8.2 -4.3
BLES Inspire Global Hope ETF 0.7 61 19 7.0 -5.5
TMAT Main Thematic Innovation ETF 0.7 164 -84 -1.5 -14.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.7 8 72 8.3 -4.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 50 8.3 -4.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.6 86 -6 14.1 +1.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -9 4.5 -7.9
VSGX Vanguard ESG International Stock ETF 0.5 12 68 8.0 -4.5
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 41 8.7 -3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.5 42 38 6.8 -5.7
PSC Principal U.S. Small-Cap ETF 0.5 38 42 7.2 -5.3
IPKW Invesco International BuyBack Achievers ETF 0.5 55 25 14.5 +2.0
AIQ Global X Artificial Intelligence & Technology ETF 0.5 68 12 4.3 -8.2
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 50 7.9 -4.6
DGT SPDR Global Dow ETF 0.4 50 30 7.4 -5.0
GLOF iShares Global Equity Factor ETF 0.4 20 60 6.9 -5.6
TRFM AAM Transformers ETF 0.4 49 31 1.8 -10.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.3 20 60 3.6 -8.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 60 6.0 -6.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 15 8.3 -4.2
ACWI iShares MSCI ACWI ETF 0.3 32 48 5.9 -6.6
VT Vanguard Total World Stock ETF 0.3 7 73 6.2 -6.3
RSSL Global X Russell 2000 ETF 0.2 8 72 4.8 -7.6
IWM iShares Russell 2000 ETF 0.2 19 61 4.9 -7.6
IWN iShares Russell 2000 Value ETF 0.2 24 56 8.4 -4.1
VTWG Vanguard Russell 2000 Growth ETF 0.2 15 65 1.5 -10.9
VTWO Vanguard Russell 2000 ETF 0.2 10 70 4.9 -7.6
IWO iShares Russell 2000 Growth ETF 0.2 24 56 1.5 -11.0
VTWV Vanguard Russell 2000 Value ETF 0.2 15 65 8.4 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 68 5.3 -7.1
GINN Goldman Sachs Innovate Equity ETF 0.2 52 28 4.2 -8.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.2 20 60 6.2 -6.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 10 8.5 -4.0
EXI iShares Global Industrials ETF 0.1 42 38 4.6 -7.8
VFVA Vanguard U.S. Value Factor ETF 0.1 13 67 11.9 -0.6
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 70 6.0 -6.4
IXJ iShares Global Healthcare ETF 0.1 42 38 7.2 -5.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 60 5.8 -6.6
IXG iShares Global Financials ETF 0.1 42 38 6.8 -5.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 41 6.9 -5.6
SMLF iShares U.S. SmallCap Equity Factor ETF 0.1 15 65 6.7 -5.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 6.1 -6.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 73 7.0 -5.5
IGRO iShares International Dividend Growth ETF 0.1 15 65 7.1 -5.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 5.0 -7.4
IWV iShares Russell 3000 ETF 0.0 20 60 5.1 -7.4
VTHR Vanguard Russell 3000 ETF 0.0 10 70 5.2 -7.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 59 4.1 -8.4
PRF Invesco FTSE RAFI US 1000 ETF 0.0 39 41 7.2 -5.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 65 6.1 -6.4

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 12.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.50
 
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.