First Trust China AlphaDEX Fund
ALTAR
Score™		 17.6% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 6.5x P/Sales
ratio		 0.4x
P/BV
ratio		 0.7x Div.
yield		 5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust China AlphaDEX Fund seeks investment results that correspond to the Defined China 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 52
Wgt avg mkt cap (mns) $24,760
Large cap (>$10bn) 48.3%
Mid cap ($2-10bn) 51.1%
Small cap (<$2bn) 0.6%
Developed mkts 26.0%
Emerging mkts 74.0%

TOP TEN HOLDINGS
WEICHAI POWER CO LTD-H 4.4 %
NEW ORIENTAL EDUCATION & TECHNOLOG 4.1 %
PETROCHINA CO LTD-H 3.9 %
SINOTRUK HONG KONG LTD 3.9 %
CHINA COSCO HOLDINGS-H 3.8 %
ZIJIN MINING GROUP CO LTD-H 3.7 %
CNPC HONG KONG LIMITED 3.5 %
BEIJING ENTERPRISES HLDGS 3.4 %
CHONGQING CHANGAN AUTOMOBILE CO. L 3.3 %
ORIENT OVERSEAS INTL LTD 3.1 %
Total 37.3 %

TOP COUNTRY EXPOSURE
CHINA 77.1 %
HONG KONG 18.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% -7.0% -2.1% 2.6% -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.37 6%
MSCI EAFE 0.78 26%
MSCI Emg. Mkts. 1.13 58%

Technical Indicators
Recent close $19.31
30d moving avg. $18.10
Annualized volatility 26.3%
Short interest (ETF) 0.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 11
Turnover 3.2%
Bid/Ask (% of price) 1.06%
ADV underlying (mns) $947

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 206 potential alternatives to the First Trust China AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FCA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FCA Expense: 80 bp ALTAR Score™: 17.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FCA
Ticker Fund
Name		 Overlap1
vs FCA
(%)		 Expense
ratio
(bp)		 Savings
vs FCA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FCA
(%)
FXI iShares China Large-Cap ETF 19.0 74 6 9.6 -8.1
FEM First Trust Emerging Markets AlphaDEX Fund 16.9 80 0 16.3 -1.4
MCHI iShares MSCI China ETF 16.5 59 21 8.9 -8.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 15.9 49 31 19.0 +1.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 15.8 45 35 12.7 -4.9
FLCH Franklin FTSE China ETF 15.1 19 61 9.6 -8.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 15.1 70 10 11.4 -6.3
GXC SPDR S&P China ETF 14.5 59 21 9.0 -8.6
EDIV SPDR S&P Emerging Markets Dividend ETF 13.1 49 31 10.9 -6.8
KALL KraneShares MSCI All China Index ETF 12.7 49 31 9.4 -8.3
DVYE iShares Emerging Markets Dividend ETF 11.7 49 31 16.6 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.5 39 41 12.5 -5.1
TCHI iShares MSCI China Multisector Tech ETF 11.3 59 21 3.0 -14.6
PXH Invesco FTSE RAFI Emerging Markets ETF 11.2 49 31 12.4 -5.3
CN Xtrackers MSCI All China Equity ETF 10.6 50 30 8.7 -9.0
ROAM Hartford Multifactor Emerging Markets ETF 10.4 44 36 11.7 -6.0
EYLD Cambria Emerging Shareholder Yield ETF 10.3 66 14 12.1 -5.6
BKF iShares MSCI BIC ETF 9.6 69 11 7.1 -10.6
DEM WisdomTree Emerging Markets High Dividend Fund 9.1 63 17 12.9 -4.7
JCHI JPMorgan Active China ETF 8.9 65 15 7.9 -9.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.5 50 30 10.5 -7.1
FDEM Fidelity Emerging Markets Multifactor ETF 8.1 25 55 11.9 -5.7
KTEC KraneShares Hang Seng TECH Index ETF 8.1 69 11 -3.9 -21.6
DFEV Dimensional Emerging Markets Value ETF 8.0 43 37 10.9 -6.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.8 67 13 17.5 -0.2
RNEM First Trust Emerging Markets Equity Select ETF 7.7 75 5 8.2 -9.4
RODE Hartford Multifactor Diversified International ETF 7.7 29 51 11.5 -6.1
CHIQ Global X MSCI China Consumer Discretionary ETF 7.7 65 15 5.3 -12.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.4 30 50 8.5 -9.1
SEA U.S. Global Sea to Sky Cargo ETF 7.0 60 20 24.1 +6.4
BOAT SonicShares Global Shipping ETF 7.0 69 11 29.1 +11.5
GMF SPDR S&P Emerging Asia Pacific ETF 6.8 49 31 6.4 -11.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.7 40 40 7.1 -10.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.6 25 55 7.0 -10.6
EEMA iShares MSCI Emerging Markets Asia ETF 6.5 49 31 6.7 -11.0
MCH Matthews China Active ETF 6.5 79 1 6.1 -11.6
AIA iShares Asia 50 ETF 6.3 50 30 6.9 -10.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.0 70 10 6.3 -11.4
DEHP Dimensional Emerging Markets High Profitability ETF 5.8 41 39 7.3 -10.4
EMIF iShares Emerging Markets Infrastructure ETF 5.8 60 20 4.6 -13.0
FTRI First Trust Indxx Global Natural Resources Income ETF 5.8 70 10 10.6 -7.0
AVES Avantis Emerging Markets Value ETF 5.7 36 44 12.1 -5.6
FLAX Franklin FTSE Asia Ex Japan ETF 5.6 19 61 7.2 -10.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.6 44 36 10.3 -7.4
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 5.4 68 12 8.8 -8.9
JHEM John Hancock Multifactor Emerging Markets ETF 5.4 49 31 8.3 -9.3
AVEM Avantis Emerging Markets Equity ETF 5.4 33 47 9.1 -8.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 5.3 90 -10 7.0 -10.7
SCHE Schwab Emerging Markets Equity ETF 5.3 11 69 7.6 -10.1
EMGF iShares Emerging Markets Equity Factor ETF 5.3 25 55 8.7 -9.0
SPEM SPDR Portfolio Emerging Markets ETF 5.2 7 73 7.5 -10.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.1 60 20 14.7 -3.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.1 60 20 10.0 -7.6
EEM iShares MSCI Emerging Markets ETF 5.1 69 11 7.0 -10.7
ACWV iShares MSCI Global Min Vol Factor ETF 5.0 20 60 6.7 -10.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.9 45 35 8.6 -9.1
EMXF iShares ESG Advanced MSCI EM ETF 4.8 16 64 7.4 -10.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.8 66 14 7.2 -10.5
VWO Vanguard FTSE Emerging Markets ETF 4.8 8 72 7.6 -10.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.7 30 50 7.5 -10.2
BKEM BNY Mellon Emerging Markets Equity ETF 4.7 11 69 7.7 -10.0
COPX Global X Copper Miners ETF 4.7 65 15 6.9 -10.7
NUEM Nuveen ESG Emerging Markets Equity ETF 4.7 36 44 6.8 -10.9
DFAE Dimensional Emerging Core Equity Market ETF 4.7 35 45 7.7 -9.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 4.6 38 42 8.2 -9.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.6 36 44 7.5 -10.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 4.4 15 65 7.1 -10.6
IEMG iShares Core MSCI Emerging Markets ETF 4.3 9 71 7.5 -10.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.3 32 48 5.7 -12.0
IQDF FlexShares International Quality Dividend Index Fund 4.2 47 33 10.7 -6.9
ESGE iShares ESG Aware MSCI EM ETF 4.2 25 55 7.7 -10.0
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 4.1 65 15 5.0 -12.7
LDEM iShares ESG MSCI EM Leaders ETF 3.9 17 63 7.7 -9.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 3.9 20 60 10.7 -7.0
OBOR KraneShares MSCI One Belt One Road Index ETF 3.9 79 1 10.3 -7.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.9 20 60 7.5 -10.2
VIDI Vident International Equity Strategy ETF 3.9 61 19 11.9 -5.7
ETEC iShares Breakthrough Environmental Solutions ETF 3.8 47 33 5.3 -12.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 3.8 65 15 8.4 -9.3
NXTG First Trust Indxx NextG ETF 3.8 70 10 6.0 -11.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.8 47 33 10.3 -7.4
GDX VanEck Gold Miners ETF 3.7 51 29 4.6 -13.0
RING iShares MSCI Global Gold Miners ETF 3.7 39 41 5.7 -11.9
IDRV iShares Self-driving EV & Tech ETF 3.6 47 33 -0.5 -18.2
SDIV Global X Superdividend ETF 3.5 58 22 17.6 -0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.5 59 21 9.6 -8.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.5 41 39 7.8 -9.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 3.4 39 41 -3.5 -21.2
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 3.2 18 62 7.9 -9.8
TAN Invesco Solar ETF 3.0 67 13 6.2 -11.5
SDG iShares MSCI Global Sustainable Development Goals ETF 2.9 49 31 5.8 -11.9
FLHK Franklin FTSE Hong Kong ETF 2.6 9 71 7.4 -10.2
CLNR IQ Cleaner Transport ETF 2.5 45 35 8.3 -9.4
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.5 85 -5 8.1 -9.6
LNGG Roundhill Alerian LNG ETF 2.5 65 15 8.5 -9.1
VYMI Vanguard International High Dividend Yield ETF 2.3 22 58 9.7 -7.9
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 22 11.6 -6.0
SRVR Pacer Data & Infrastructure Real Estate ETF 2.1 55 25 2.9 -14.8
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 30 2.7 -15.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.1 78 2 8.8 -8.8
IWFH iShares Virtual Work and Life Multisector ETF 2.1 47 33 -3.5 -21.1
CGRO CoreValues Alpha Greater China Growth ETF 2.0 75 5 2.6 -15.1
ARVR First Trust Indxx Metaverse ETF 2.0 70 10 2.5 -15.1
LITP Sprott Lithium Miners ETF 2.0 65 15 12.4 -5.3
REMX VanEck Rare Earth/Strategic Metals ETF 2.0 54 26 11.9 -5.8
DGT SPDR Global Dow ETF 2.0 50 30 6.7 -11.0
EMMF WisdomTree Emerging Markets Multifactor Fund 2.0 48 32 9.3 -8.3
ECON Columbia Emerging Markets Consumer ETF 2.0 49 31 4.8 -12.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.0 33 47 7.2 -10.5
IQDE FlexShares International Quality Dividend Defensive Index ET 2.0 47 33 10.7 -7.0
KGRN KraneShares MSCI China Clean Technology Index ETF 2.0 79 1 6.5 -11.2
ERTH Invesco MSCI Sustainable Future ETF 2.0 62 18 3.7 -14.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.0 72 8 2.2 -15.5
KURE KraneShares MSCI All China Health Care Index ETF 1.9 65 15 3.6 -14.1
DEW WisdomTree Global High Dividend Fund 1.9 58 22 9.1 -8.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.9 95 -15 11.4 -6.3
DSTX Distillate International Fundamental Stability & Value ETF 1.8 55 25 8.0 -9.6
ISHP First Trust Nasdaq Retail ETF 1.8 60 20 3.1 -14.5
IDAT iShares Future Cloud 5G and Tech ETF 1.7 47 33 4.5 -13.1
GGME Invesco Next Gen Media and Gaming ETF 1.6 60 20 4.1 -13.6
HJEN Direxion Hydrogen ETF 1.5 45 35 -3.2 -20.8
WRND IQ Global Equity R&D Leaders ETF 1.5 18 62 7.2 -10.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 50 7.8 -9.9
CWI SPDR MSCI ACWI ex-US ETF 1.5 30 50 6.8 -10.8
GCOW Pacer Global Cash Cows Dividend ETF 1.5 60 20 13.6 -4.0
FILL iShares MSCI Global Energy Producers ETF 1.4 39 41 9.0 -8.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 34 46 6.7 -11.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.4 8 72 7.2 -10.5
IXG iShares Global Financials ETF 1.4 42 38 6.8 -10.8
SCHY Schwab International Dividend Equity ETF 1.3 14 66 9.2 -8.4
XT iShares Exponential Technologies ETF 1.3 46 34 3.9 -13.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 39 6.7 -11.0
VXUS Vanguard Total International Stock ETF 1.3 7 73 7.1 -10.5
GLOF iShares Global Equity Factor ETF 1.2 20 60 7.1 -10.6
VSGX Vanguard ESG International Stock ETF 1.2 12 68 6.8 -10.8
IXUS iShares Core MSCI Total International Stock ETF 1.2 7 73 6.9 -10.7
BATT Amplify Lithium & Battery Technology ETF 1.2 59 21 2.9 -14.7
CHAT Roundhill Generative AI & Technology ETF 1.2 75 5 4.2 -13.4
CQQQ Invesco China Technology ETF 1.1 70 10 -5.7 -23.3
SUPL ProShares Supply Chain Logistics ETF 1.1 58 22 13.1 -4.6
PBD Invesco Global Clean Energy ETF 1.1 75 5 -3.9 -21.5
MOTI VanEck Morningstar International Moat ETF 1.0 58 22 6.9 -10.7
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.0 47 33 0.7 -17.0
EEMO Invesco S&P Emerging Markets Momentum ETF 1.0 29 51 6.2 -11.5
ZSB USCF Sustainable Battery Metals Strategy Fund 1.0 61 19 14.8 -2.9
LUXX Roundhill S&P Global Luxury ETF 1.0 45 35 2.7 -14.9
BNE Blue Horizon BNE ETF 1.0 87 -7 5.0 -12.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 48 6.3 -11.4
CARZ First Trust NASDAQ Global Auto Index Fund 1.0 70 10 3.5 -14.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 1.0 46 34 5.6 -12.1
SETM Sprott Energy Transition Materials ETF 0.9 65 15 5.3 -12.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 51 8.3 -9.3
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.9 80 0 14.2 -3.5
SHPP Pacer Industrials and Logistics ETF 0.9 60 20 8.9 -8.8
DRIV Global X Autonomous & Electric Vehicles ETF 0.8 68 12 3.3 -14.3
CGV Conductor Global Equity Value ETF 0.8 130 -50 11.3 -6.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.8 60 20 0.9 -16.7
SMOG VanEck Low Carbon Energy ETF 0.8 61 19 3.0 -14.6
IXC iShares Global Energy ETF 0.7 44 36 8.2 -9.4
KNCT Invesco Next Gen Connectivity ETF 0.7 40 40 5.9 -11.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 43 8.7 -8.9
GVAL Cambria Global Value ETF 0.6 68 12 12.3 -5.3
FYLD Cambria Foreign Shareholder Yield ETF 0.6 59 21 12.0 -5.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 34 8.8 -8.9
KOCG FIS Knights of Columbus Global Belief ETF 0.5 75 5 5.3 -12.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 60 5.6 -12.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 46 10.6 -7.0
EMC Global X Emerging Markets Great Consumer ETF 0.5 75 5 4.9 -12.8
MINV Matthews Asia Innovators Active ETF 0.5 79 1 2.8 -14.8
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 1 5.7 -11.9
ACWI iShares MSCI ACWI ETF 0.5 32 48 5.5 -12.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 71 5.7 -11.9
VT Vanguard Total World Stock ETF 0.5 7 73 5.8 -11.8
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -9 4.8 -12.9
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 15 4.3 -13.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 41 11.0 -6.7
GLIF AGF Global Infrastructure ETF 0.3 45 35 5.5 -12.2
IGF iShares Global Infrastructure ETF 0.3 41 39 5.0 -12.7
GII SPDR S&P Global Infrastructure ETF 0.3 40 40 5.0 -12.7
RXI iShares Global Consumer Discretionary ETF 0.3 41 39 5.5 -12.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 68 8.7 -8.9
IXN iShares Global Tech ETF 0.2 41 39 4.3 -13.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 38 6.8 -10.8
IPKW Invesco International BuyBack Achievers ETF 0.2 55 25 9.1 -8.6
IGRO iShares International Dividend Growth ETF 0.2 15 65 7.1 -10.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.2 45 35 6.2 -11.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.2 83 -3 9.0 -8.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 33 5.9 -11.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 70 8.2 -9.5
IQIN IQ 500 International ETF 0.2 25 55 8.8 -8.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.1 45 35 8.5 -9.2
VPL Vanguard FTSE Pacific ETF 0.1 8 72 6.9 -10.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 55 9.1 -8.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 56 8.6 -9.1
HFXI IQ FTSE International Equity Currency Neutral ETF 0.1 20 60 6.8 -10.8
SCHF Schwab International Equity ETF 0.1 6 74 7.0 -10.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 68 5.1 -12.6
VEA Vanguard FTSE Developed Markets ETF 0.0 5 75 7.0 -10.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 15 7.7 -10.0
IQSI IQ Candriam International Equity ETF 0.0 15 65 6.4 -11.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 60 6.7 -11.0
BKIE BNY Mellon International Equity ETF 0.0 4 76 6.9 -10.8
QINT American Century Quality Diversified International ETF 0.0 39 41 7.4 -10.2
DFIS Dimensional International Small Cap ETF 0.0 39 41 6.7 -10.9
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 56 6.2 -11.4
DFIC Dimensional International Core Equity 2 ETF 0.0 23 57 7.4 -10.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 China AlphaDEX Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 17.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.39
 
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.