First Trust China AlphaDEX
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
First Trust China AlphaDEX Fund seeks investment results that correspond to the Defined China Index. |
Category | Emerging Market Equities |
Fund Sponsor | First Trust Advisors LP |
Website | www.ftportfolios.com |
Inception date | Apr 19, 2011 |
Assets (mns) | $9 |
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 | Yes |
No. of constituents | 50 |
Wgt avg mkt cap (mns) | $14,390 |
Large cap (>$10bn) | 24.9% |
Mid cap ($2-10bn) | 73.2% |
Small cap (<$2bn) | 1.9% |
Developed mkts | 31.9% |
Emerging mkts | 68.1% |
DONGFENG MOTOR GRP CO LTD-H | 4.2 % |
COUNTRY GARDEN SERVICES HOLDINGS C | 4.1 % |
ZOOMLION HEAVY INDUSTRY - H | 3.8 % |
LI NING CO LTD | 3.8 % |
YIHAI INTERNATIONAL HOLDING LTD. | 3.4 % |
CHINA AOYUAN PROPERTY GROUP | 3.3 % |
MAANSHAN IRON & STEEL-H | 3.3 % |
CHINA MERCHANTS HLDGS INTL | 3.2 % |
LONGFOR PROPERTIES | 3.0 % |
ANGANG STEEL CO LTD-H | 2.9 % | Total | 34.9 % |
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CHINA | 75.0 % |
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HONG KONG | 21.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
9.2% | 0.5% | 4.2% | -- | 0.4% |
versus... | Beta | R-squared |
S&P500 | 1.18 | 48% |
MSCI EAFE | 1.47 | 62% |
MSCI Emg. Mkts. | 1.31 | 79% |
Recent close | $25.12 |
30d moving avg. | $25.42 |
Annualized volatility | 20.4% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 51 |
Avg. volume (thou.) | 2 |
Turnover | 0.6% |
Bid/Ask (% of price) | 1.22% |
ADV underlying (mns) | $1,243 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the First Trust China AlphaDEX 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™: | 12.5% |
Ticker | Fund Name |
Overlap1 vs FCA (%) |
Expense ratio (bp) |
Savings vs FCA (bp) |
ALTAR Score™ (%) |
ALTAR vs FCA (%) |
FEM | First Trust Emerging Markets AlphaDEX | 22.2 | 80 | 0 | 10.8 | -1.8 |
CHIR | Global X MSCI China Real Estate | 18.5 | 65 | 15 | 15.3 | +2.7 |
MCHI | iShares MSCI China | 13.2 | 59 | 21 | 9.4 | -3.2 |
TAO | Invesco China Real Estate | 13.0 | 70 | 10 | 13.2 | +0.7 |
FXI | iShares China Large-Cap | 12.9 | 74 | 6 | 14.2 | +1.7 |
FLCH | Franklin FTSE China | 12.7 | 19 | 61 | 10.0 | -2.5 |
HAO | Invesco China Small Cap ETF | 12.4 | 75 | 5 | 9.5 | -3.0 |
GXC | SPDR S&P China ETF | 11.6 | 59 | 21 | 9.2 | -3.4 |
ECOW | Pacer Emerging Markets Cash Cows 100 | 11.3 | 70 | 10 | 10.9 | -1.6 |
CHIM | Global X MSCI China Materials | 11.2 | 65 | 15 | 9.8 | -2.7 |
EMMF | WisdomTree Emerging Markets Multifactor Fund | 10.3 | 48 | 32 | 10.0 | -2.5 |
CHII | Global X MSCI China Industrials | 9.9 | 66 | 14 | 13.2 | +0.6 |
CHIQ | Global X MSCI China Consumer Discretionary | 9.8 | 65 | 15 | 5.3 | -7.2 |
BKF | iShares MSCI BRIC | 9.8 | 67 | 13 | 8.6 | -3.9 |
CN | Xtrackers Harvest MSCI All China | 9.7 | 50 | 30 | 9.3 | -3.3 |
EEMD | AAM S&P Emerging Markets High Dividend Value | 9.6 | 50 | 30 | 12.3 | -0.2 |
DGRE | WisdomTree Emg Mkt Dividend Growth | 9.6 | 32 | 48 | 9.1 | -3.5 |
EMGF | iShares Edge MSCI Multifactor Emerging Markets | 9.4 | 45 | 35 | 9.9 | -2.6 |
KALL | KraneShares MSCI China All Shares | 9.3 | 49 | 31 | 9.0 | -3.5 |
PXH | Invesco FTSE-RAFI Emerging Markets | 8.9 | 50 | 30 | 12.3 | -0.2 |
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
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 China AlphaDEX | |||
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™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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