First Trust China AlphaDEX Fund
ALTAR
Score™		 6.8% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 9.5x P/Sales
ratio		 0.3x
P/BV
ratio		 0.4x Div.
yield		 2.6%


  • 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) $111
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 53
Wgt avg mkt cap (mns) $12,719
Large cap (>$10bn) 54.4%
Mid cap ($2-10bn) 45.1%
Small cap (<$2bn) 0.5%
Developed mkts 31.6%
Emerging mkts 68.4%

TOP TEN HOLDINGS
DONGFANG ELECTRIC CORP LTD-H 5.2 %
PETROCHINA CO LTD-H 4.3 %
TCL COMMUNICATION TECH HLDGS 4.2 %
CHINA HONGQIAO GROUP LTD 3.9 %
CHINA COSCO HOLDINGS-H 3.7 %
CHINA COAL ENERGY CO - H 3.6 %
QINGDAO PORT INTERNATIONAL CO LTD 3.5 %
ALUMINUM CORP OF CHINA LTD-H 3.4 %
CHINA TOWER CORP. LTD. CLASS H 3.1 %
JIANGXI COPPER COMPANY LTD-H 2.9 %
Total 37.8 %

TOP COUNTRY EXPOSURE
CHINA 92.6 %
HONG KONG 5.3 %









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.
10.9% 53.2% 5.9% 9.3% 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.72 27%
MSCI EAFE 0.87 35%
MSCI Emg. Mkts. 0.89 47%

Technical Indicators
Recent close $32.71
30d moving avg. $32.33
Annualized volatility 26.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 39
Turnover 1.2%
Bid/Ask (% of price) 1.13%
ADV underlying (mns) $1,461

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 176 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™: 6.8%


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
(%)
FEM First Trust Emerging Markets AlphaDEX Fund 22.5 80 0 8.6 +1.8
FXI iShares China Large-Cap ETF 18.0 74 6 19.8 +13.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 13.5 45 35 9.3 +2.5
MCHI iShares MSCI China ETF 12.3 59 21 18.9 +12.1
MCH Matthews China Active ETF 12.1 79 1 14.8 +8.0
FLCH Franklin FTSE China ETF 11.2 19 61 16.7 +9.9
GXC SPDR S & P China ETF 10.6 59 21 17.5 +10.7
JCHI JPMorgan Active China ETF 10.4 65 15 14.9 +8.1
PXH Invesco FTSE RAFI Emerging Markets ETF 10.2 49 31 13.4 +6.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.7 39 41 13.6 +6.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.7 50 30 8.5 +1.7
BKF iShares MSCI BIC ETF 8.1 69 11 13.6 +6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 7.8 29 51 7.4 +0.5
EYLD Cambria Emerging Shareholder Yield ETF 7.7 66 14 9.2 +2.4
ROAM Hartford Multifactor Emerging Markets ETF 7.6 44 36 7.9 +1.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 7.3 35 45 11.4 +4.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.3 67 13 11.8 +5.0
RNEM First Trust Emerging Markets Equity Select ETF 7.0 75 5 7.6 +0.8
DVYE iShares Emerging Markets Dividend ETF 6.8 49 31 16.7 +9.9
AVES Avantis Emerging Markets Value ETF 6.7 36 44 8.9 +2.1
ECON Columbia Emerging Markets Consumer ETF 6.2 49 31 7.2 +0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 6.2 70 10 6.0 -0.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.1 90 -10 3.9 -2.9
DFEV Dimensional Emerging Markets Value ETF 5.4 43 37 10.0 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 5.3 49 31 7.9 +1.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 5.3 88 -8 8.6 +1.8
AVEM Avantis Emerging Markets Equity ETF 5.3 33 47 7.3 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 5.3 49 31 9.0 +2.2
NUEM Nuveen ESG Emerging Markets Equity ETF 5.2 36 44 6.2 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 5.0 63 17 10.6 +3.8
FDEM Fidelity Emerging Markets Multifactor ETF 4.9 25 55 10.7 +3.9
DEHP Dimensional Emerging Markets High Profitability ETF 4.8 41 39 5.1 -1.7
EEMA iShares MSCI Emerging Markets Asia ETF 4.8 49 31 8.1 +1.3
COPX Global X Copper Miners ETF 4.6 65 15 4.0 -2.8
AIA iShares Asia 50 ETF 4.6 50 30 8.8 +2.0
EMXF iShares ESG Advanced MSCI EM ETF 4.6 16 64 7.2 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.5 20 60 8.7 +1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.2 30 50 7.9 +1.1
EMIF iShares Emerging Markets Infrastructure ETF 4.2 60 20 2.5 -4.3
SPEM SPDR Portfolio Emerging Markets ETF 4.2 7 73 9.5 +2.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.2 70 10 7.4 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 4.2 19 61 7.6 +0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.2 33 47 7.0 +0.2
SCHE Schwab Emerging Markets Equity ETF 4.0 11 69 9.5 +2.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.9 70 10 9.0 +2.2
BKEM BNY Mellon Emerging Markets Equity ETF 3.9 11 69 8.2 +1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.8 32 48 13.2 +6.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.8 66 14 7.6 +0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.8 36 44 7.9 +1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.8 38 42 7.2 +0.4
JADE JPMorgan Active Developing Markets Equity ETF 3.8 65 15 6.2 -0.6
VWO Vanguard FTSE Emerging Markets ETF 3.8 7 73 9.2 +2.4
EMGF iShares Emerging Markets Equity Factor ETF 3.8 25 55 9.3 +2.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.8 15 65 8.3 +1.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.7 45 35 8.4 +1.6
EEM iShares MSCI Emerging Markets ETF 3.7 69 11 8.2 +1.4
FAN First Trust Global Wind Energy ETF 3.6 60 20 2.7 -4.1
ESGE iShares ESG Aware MSCI EM ETF 3.6 25 55 8.6 +1.8
AVSE Avantis Responsible Emerging Markets Equity ETF 3.5 33 47 7.0 +0.2
LDEM iShares ESG MSCI EM Leaders ETF 3.5 17 63 12.2 +5.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.5 30 50 8.4 +1.6
BOAT SonicShares Global Shipping ETF 3.4 69 11 21.0 +14.2
DFAE Dimensional Emerging Core Equity Market ETF 3.4 35 45 7.2 +0.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.4 78 2 10.0 +3.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.4 44 36 9.1 +2.3
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 1 6.9 +0.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.3 59 21 8.7 +1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.3 40 40 6.5 -0.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.2 25 55 6.4 -0.4
AGMI Themes Silver Miners ETF 3.2 35 45 3.5 -3.3
IEMG iShares Core MSCI Emerging Markets ETF 3.2 9 71 8.5 +1.7
MEM Matthews Emerging Markets Equity Active ETF 3.1 79 1 8.9 +2.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.1 41 39 7.0 +0.2
AUAU Global X Gold Miners ETF 3.1 35 45 2.1 -4.7
IQDF FlexShares International Quality Dividend Index Fund 3.0 47 33 7.6 +0.8
GSIB Themes Global Systemically Important Banks ETF 2.9 35 45 8.7 +1.9
CTEC Global X CleanTech ETF 2.9 50 30 -0.0 -6.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.8 15 65 9.2 +2.4
DTCR Global X Data Center & Digital Infrastructure ETF 2.6 50 30 3.7 -3.1
ION ProShares S&P Global Core Battery Metals ETF 2.6 58 22 5.0 -1.8
FID First Trust S&P International Dividend Aristocrats ETF 2.5 60 20 7.8 +1.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.5 60 20 9.7 +2.9
ISHP First Trust Nasdaq Retail ETF 2.5 60 20 5.3 -1.5
SRVR Pacer Data & Infrastructure Real Estate ETF 2.5 55 25 3.7 -3.1
WDIV SPDR S&P Global Dividend ETF 2.2 40 40 9.2 +2.4
FRGN Horizon International Equity ETF 2.1 75 5 8.1 +1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 41 7.8 +1.0
RING iShares MSCI Global Gold Miners ETF 2.0 39 41 2.9 -3.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.0 55 25 5.6 -1.2
GEW Cambria Global EW ETF 2.0 29 51 5.5 -1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.0 47 33 7.4 +0.6
DINT Davis Select International ETF 1.9 55 25 6.1 -0.7
DWLD Davis Select Worldwide ETF 1.9 63 17 6.9 +0.1
VYMI Vanguard International High Dividend Yield ETF 1.9 17 63 7.9 +1.1
FRNW Fidelity Clean Energy ETF 1.9 39 41 1.9 -4.9
KURE KraneShares MSCI All China Health Care Index ETF 1.7 65 15 2.5 -4.3
EDIV SPDR S&P Emerging Markets Dividend ETF 1.6 49 31 8.9 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 1.6 20 60 5.7 -1.1
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.5 65 15 7.7 +0.8
GDXJ VanEck Junior Gold Miners ETF 1.5 52 28 2.3 -4.5
AUMI Themes Gold Miners ETF 1.5 35 45 2.6 -4.2
EMC Global X Emerging Markets Great Consumer ETF 1.4 75 5 7.5 +0.7
FPXI First Trust International Equity Opportunities ETF 1.4 70 10 3.9 -2.9
SCHY Schwab International Dividend Equity ETF 1.4 14 66 8.1 +1.3
JETS U.S. Global Jets ETF 1.3 60 20 2.7 -4.1
CGRO CoreValues Alpha Greater China Growth ETF 1.3 75 5 4.5 -2.3
ABLG Abacus FCF International Leaders ETF 1.3 59 21 6.2 -0.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 50 6.4 -0.4
IXG iShares Global Financials ETF 1.2 42 38 6.3 -0.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.2 18 62 6.4 -0.4
SLVP iShares MSCI Global Silver Miners ETF 1.2 39 41 3.5 -3.3
ACWX iShares MSCI ACWI ex U.S. ETF 1.1 34 46 6.4 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.1 41 39 6.1 -0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 51 8.4 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 4 76 6.8 -0.0
SDIV Global X Superdividend ETF 1.1 58 22 12.9 +6.1
VSGX Vanguard ESG International Stock ETF 1.1 10 70 6.7 -0.1
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 50 6.5 -0.3
GDX VanEck Gold Miners ETF 1.1 51 29 2.4 -4.4
PATN Pacer Nasdaq International Patent Leaders ETF 1.0 65 15 4.6 -2.2
NXTG First Trust Indxx NextG ETF 1.0 70 10 4.4 -2.4
VXUS Vanguard Total International Stock ETF 1.0 5 75 6.7 -0.1
IXUS iShares Core MSCI Total International Stock ETF 1.0 7 73 6.6 -0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 48 7.8 +1.0
GNR SPDR S&P Global Natural Resources ETF 1.0 40 40 8.0 +1.2
GLOF iShares Global Equity Factor ETF 1.0 20 60 5.8 -1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 32 8.9 +2.1
SUPL ProShares Supply Chain Logistics ETF 0.9 58 22 7.8 +1.0
DTEC ALPS Disruptive Technologies ETF 0.9 50 30 3.9 -2.9
IPKW Invesco International BuyBack Achievers ETF 0.9 55 25 8.0 +1.2
SHPP Pacer Industrials and Logistics ETF 0.9 60 20 7.0 +0.2
ICLN iShares Global Clean Energy ETF 0.8 41 39 1.9 -4.9
IXC iShares Global Energy ETF 0.8 44 36 7.2 +0.3
DFNL Davis Select Financial ETF 0.8 63 17 7.4 +0.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 41 7.8 +1.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -6 11.9 +5.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.7 60 20 9.3 +2.5
KTEC KraneShares Hang Seng TECH Index ETF 0.7 69 11 19.6 +12.8
KWEB KraneShares CSI China Internet ETF 0.7 69 11 22.2 +15.4
TCHI iShares MSCI China Multisector Tech ETF 0.7 59 21 14.3 +7.5
FDNI First Trust Dow Jones International Internet ETF 0.7 65 15 23.1 +16.3
MOTG VanEck Morningstar Global Wide Moat ETF 0.7 52 28 7.6 +0.8
MOTI VanEck Morningstar International Moat ETF 0.7 58 22 9.6 +2.8
CHIQ Global X MSCI China Consumer Discretionary ETF 0.7 65 15 11.8 +5.0
DSTX Distillate International Fundamental Stability & Value ETF 0.7 55 25 6.5 -0.3
IBUY Amplify Online Retail ETF 0.7 65 15 2.3 -4.5
HAP VanEck Natural Resources ETF 0.6 50 30 6.4 -0.4
DGT State Street SPDR Global Dow ETF 0.6 50 30 5.8 -1.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 34 7.2 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.6 60 20 6.3 -0.5
RXI iShares Global Consumer Discretionary ETF 0.6 41 39 8.0 +1.2
CQQQ Invesco China Technology ETF 0.6 70 10 15.8 +9.0
DEW WisdomTree Global High Dividend Fund 0.6 58 22 7.3 +0.5
IGF iShares Global Infrastructure ETF 0.6 41 39 4.1 -2.7
CGDG Capital Group Dividend Growers ETF 0.6 47 33 5.1 -1.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 60 4.9 -1.9
GII SPDR S&P Global Infrastructure ETF 0.5 40 40 4.1 -2.7
SNSR Global X Internet of Things ETF 0.5 68 12 4.0 -2.8
ACWI iShares MSCI ACWI ETF 0.4 32 48 4.8 -2.0
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 70 5.2 -1.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.4 46 34 5.0 -1.8
VIDI Vident International Equity Strategy ETF 0.4 61 19 8.3 +1.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 38 7.5 +0.7
IPOS Renaissance International IPO ETF 0.4 80 0 0.0 -6.8
VT Vanguard Total World Stock ETF 0.4 6 74 5.2 -1.6
GINN Goldman Sachs Innovate Equity ETF 0.4 52 28 4.0 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 71 5.0 -1.8
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 8 2.0 -4.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 38 4.0 -2.8
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -9 4.6 -2.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 68 8.2 +1.4
IGRO iShares International Dividend Growth ETF 0.2 15 65 6.7 -0.1
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 62 0.0 -6.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 68 4.6 -2.2
BKIE BNY Mellon International Equity ETF 0.0 4 76 6.0 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 60 5.8 -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

  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 China 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 3.3 %
Divided by: Fwd. P/BV 0.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.52
 
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.