First Trust Brazil AlphaDEX Fund
ALTAR
Score™
6.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
19.7x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
2.6%


  • 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 19, 2011
Assets (mns) $8
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 50
Wgt avg mkt cap (mns) $5,933
Large cap (>$10bn) 18.1%
Mid cap ($2-10bn) 51.1%
Small cap (<$2bn) 21.5%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
MAGAZINE LUIZA SA 5.1 %
COSAN SA INDUSTRIA COMERCIO 3.8 %
BRADESPAR SA -PREF 3.8 %
CIA DE TRANSMISSAO DE ENE-PF 3.7 %
TIM PARTICIPACOES S.A. 3.4 %
CENTRAIS ELETRICAS BRAS-PR B 3.1 %
SUL AMERICA SA - UNITS 2.9 %
CIA PARANAENSE DE ENERGI-PFB 2.9 %
CIA ENERGETICA MINAS GER-PRF 2.9 %
NOTRE DAME INTERMEDICA PARTICIPACO 2.8 %
Total 34.4 %

TOP COUNTRY EXPOSURE
BRAZIL 90.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-46.4% -30.1% -1.3% -- -7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.00 20%
MSCI EAFE 1.38 33%
MSCI Emg. Mkts. 1.23 41%

Technical Indicators
Recent close $10.34
30d moving avg. $8.76
Annualized volatility 37.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 235
Turnover 31.3%
Bid/Ask (% of price) 1.33%
ADV underlying (mns) $2,194

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.3%


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
(%)
FLN First Trust Latin America AlphaDEX Fund 41.6 80 0 8.8 +2.5
EWZ iShares MSCI Brazil Capped ETF 38.6 59 21 5.4 -0.9
FLBR Franklin FTSE Brazil ETF 37.2 19 61 6.0 -0.2
FLLA Franklin FTSE Latin America ETF 27.0 19 61 7.6 +1.3
EWZS iShares MSCI Brazil Small-Cap ETF 20.9 59 21 6.1 -0.2
BICK First Trust BICK Index Fund 8.3 64 16 4.8 -1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.5 45 35 9.4 +3.2
GVAL Cambria Global Value ETF 7.2 69 11 12.2 +6.0
FEM First Trust Emerging Markets AlphaDEX Fund 6.8 80 0 12.4 +6.1
XCEM Columbia EM Core ex-China ETF 6.7 16 64 8.3 +2.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.3 45 35 10.4 +4.2
EEMO Invesco S&P Emerging Markets Momentum ETF 5.7 30 50 7.6 +1.4
SDEM Global X SuperDividend Emerging Markets ETF 5.6 67 13 23.7 +17.4
BKF iShares MSCI BRIC ETF 5.6 69 11 9.0 +2.8
RNEM Emerging Markets Equity Select ETF 5.2 75 5 11.2 +4.9
EMXC iShares MSCI Emerging Markets ex China ETF 5.1 49 31 8.9 +2.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.1 49 31 8.9 +2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 5.1 50 30 14.6 +8.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.9 39 41 14.0 +7.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.9 49 31 9.6 +3.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.7 32 48 8.0 +1.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.6 45 35 14.3 +8.0
ISEM Invesco Strategic Emerging Markets ETF 4.3 35 45 11.1 +4.9
BRF VanEck Vectors Brazil Small-Cap ETF 4.2 60 20 4.0 -2.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.1 95 -15 10.9 +4.6
DVEM WisdomTree Emerging Markets Dividend Fund 3.9 32 48 9.6 +3.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 3.9 64 16 5.8 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 35 9.1 +2.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 3.9 45 35 10.4 +4.1
JHEM John Hancock Multifactor Emerging Markets ETF 3.8 55 25 9.5 +3.2
SCHE Schwab Emerging Markets Equity ETF 3.8 13 67 9.2 +2.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 3.8 14 66 10.1 +3.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.6 50 30 22.1 +15.8
DVYE iShares Emerging Markets Dividend ETF 3.6 49 31 13.6 +7.3
ROAM Hartford Multifactor Emerging Markets ETF 3.6 44 36 15.9 +9.6
ILF iShares Latin America 40 ETF 3.4 48 32 7.9 +1.6
IPOS Renaissance International IPO ETF 3.3 80 0 5.7 -0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.2 70 10 13.7 +7.4
ECON Columbia Emerging Markets Consumer ETF 3.1 59 21 5.2 -1.1
EEM iShares MSCI Emerging Markets ETF 3.1 68 12 8.8 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 3.1 48 32 10.4 +4.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.1 65 15 8.9 +2.7
IEMG iShares Core MSCI Emerging Markets ETF 3.0 14 66 9.3 +3.0
VWO Vanguard FTSE Emerging Markets ETF 2.9 10 70 9.4 +3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.8 32 48 10.1 +3.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.8 45 35 8.2 +1.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 2.7 50 30 10.6 +4.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.7 30 50 9.3 +3.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 2.6 80 0 1.9 -4.4
KMED KraneShares Emerging Markets Healthcare Index ETF 2.6 79 1 2.6 -3.7
BLES Inspire Global Hope Large Cap ETF 2.6 61 19 6.7 +0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.5 40 40 8.1 +1.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.5 46 34 6.3 +0.0
PIO Invesco Global Water ETF 2.5 75 5 4.2 -2.0
ESGE iShares ESG MSCI EM ETF 2.4 25 55 10.3 +4.0
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 41 8.2 +1.9
PIE Invesco DWA Emerging Markets Momentum ETF 2.3 90 -10 6.1 -0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.3 20 60 8.1 +1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.3 59 21 11.8 +5.5
XBUY Amplify International Online Retail ETF 2.3 69 11 -1.0 -7.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.2 32 48 7.3 +1.0
VIDI Vident International Equity Fund 2.1 59 21 12.6 +6.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 20 11.1 +4.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.8 69 11 8.1 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 1.8 11 69 9.1 +2.8
AVEM Avantis Emerging Markets Equity ETF 1.6 33 47 10.1 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 1.5 63 17 14.9 +8.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.4 30 50 9.8 +3.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.4 25 55 8.9 +2.6
FILL iShares MSCI Global Energy Producers ETF 1.0 39 41 6.5 +0.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.0 47 33 13.4 +7.1
VYMI Vanguard International High Dividend Yield ETF 0.9 32 48 10.8 +4.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.9 32 48 8.0 +1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.8 40 40 7.9 +1.6
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 33 13.8 +7.6
ACWF iShares FactorSelect MSCI Global ETF 0.8 35 45 8.4 +2.1
WOOD iShares Global Timber & Forestry ETF 0.8 46 34 10.3 +4.0
CUT Invesco MSCI Global Timber ETF 0.8 55 25 9.4 +3.2
IXUS ishares Core MSCI Total International Stock ETF 0.8 9 71 8.1 +1.8
VXUS Vanguard Total International Stock Index Fund 0.8 8 72 8.3 +2.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.7 29 51 13.0 +6.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 33 14.5 +8.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -6 2.5 -3.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.7 20 60 11.6 +5.3
EYLD Cambria Emerging Shareholder Yield ETF 0.7 66 14 17.8 +11.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.6 16 64 7.5 +1.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 72 8.3 +2.0
VSGX Vanguard ESG International Stock ETF 0.6 17 63 7.9 +1.6
GLIF AGFiQ Global Infrastructure ETF 0.5 45 35 5.3 -1.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.5 51 29 14.3 +8.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 63 17 13.9 +7.6
DNL WisdomTree Global ex-US Dividend Growth Fund 0.5 58 22 8.2 +1.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.4 20 60 6.6 +0.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.4 10 70 9.6 +3.4
ACWI iShares MSCI ACWI ETF 0.4 32 48 6.3 +0.0
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 21 7.2 +1.0
DRW WisdomTree Global ex-US Real Estate Fund 0.4 58 22 11.5 +5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 60 6.6 +0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 51 10.3 +4.1
IPAY ETFMG Prime Mobile Payments ETF 0.3 75 5 6.7 +0.4

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

  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 Brazil AlphaDEX Fund
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 10.2 %
Divided by: Fwd. P/BV 1.4 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
1.48 CATEGORY
AVERAGE
1.45
 
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.