First Trust China AlphaDEX Fund
ALTAR
Score™		 9.0% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 10.1x P/Sales
ratio		 0.4x
P/BV
ratio		 0.6x Div.
yield		 2.4%


  • 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) $60
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) $11,933
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
CHINA HONGQIAO GROUP LTD 4.7 %
CHINA REINSURANCE (GROUP) CORP. CL 3.8 %
PETROCHINA CO LTD-H 3.7 %
XINJIANG GOLDWIND SCI&TEC-H 3.6 %
SHANDONG GOLD MINING CO., LTD. CLA 3.5 %
REMEGEN CO. LTD. CLASS H 3.4 %
CHINA COAL ENERGY CO - H 3.4 %
3SBIO INC 3.4 %
PEOPLE'S INSURANCE CO GROU-H 3.4 %
NEW CHINA LIFE INSURANCE C-H 3.1 %
Total 35.9 %

TOP COUNTRY EXPOSURE
CHINA 94.6 %
HONG KONG 4.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
46.5% 43.6% 7.0% 7.2% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.81 16%
MSCI EAFE 0.87 24%
MSCI Emg. Mkts. 0.99 36%

Technical Indicators
Recent close $28.80
30d moving avg. $28.91
Annualized volatility 26.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.5%
Bid/Ask (% of price) 1.32%
ADV underlying (mns) $1,461

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 203 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™: 9.0%


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 26.3 80 0 11.5 +2.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 11.4 45 35 10.1 +1.1
FXI iShares China Large-Cap ETF 10.7 74 6 16.6 +7.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 10.2 90 -10 4.9 -4.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 9.9 70 10 11.9 +2.9
FLCH Franklin FTSE China ETF 9.4 19 61 15.4 +6.4
MCH Matthews China Active ETF 9.3 79 1 14.0 +5.0
MCHI iShares MSCI China ETF 8.8 59 21 16.6 +7.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 8.2 67 13 14.6 +5.6
GXC SPDR S & P China ETF 7.8 59 21 15.7 +6.7
ROAM Hartford Multifactor Emerging Markets ETF 7.6 44 36 11.1 +2.2
EEMO Invesco S&P Emerging Markets Momentum ETF 7.4 29 51 7.6 -1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 7.1 49 31 14.8 +5.9
KALL KraneShares MSCI All China Index ETF 7.0 49 31 12.7 +3.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 6.4 39 41 15.4 +6.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 6.2 32 48 13.6 +4.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 6.1 35 45 16.3 +7.3
KTEC KraneShares Hang Seng TECH Index ETF 5.9 69 11 19.8 +10.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.8 50 30 10.3 +1.3
EMIF iShares Emerging Markets Infrastructure ETF 5.8 60 20 4.5 -4.5
BKF iShares MSCI BIC ETF 5.7 69 11 13.0 +4.0
FDEM Fidelity Emerging Markets Multifactor ETF 5.3 25 55 12.1 +3.1
CQQQ Invesco China Technology ETF 5.0 70 10 15.5 +6.5
RNEM First Trust Emerging Markets Equity Select ETF 4.8 75 5 8.4 -0.6
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 4.7 60 20 10.3 +1.4
BOAT SonicShares Global Shipping ETF 4.7 69 11 25.8 +16.9
KWEB KraneShares CSI China Internet ETF 4.6 69 11 25.7 +16.7
TCHI iShares MSCI China Multisector Tech ETF 4.6 59 21 17.1 +8.1
FLAX Franklin FTSE Asia Ex Japan ETF 4.4 19 61 8.4 -0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.4 45 35 9.6 +0.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 20 10.7 +1.8
AVES Avantis Emerging Markets Value ETF 4.3 36 44 10.8 +1.8
FTRI First Trust Indxx Global Natural Resources Income ETF 4.3 70 10 7.8 -1.2
FPXI First Trust International Equity Opportunities ETF 4.2 70 10 4.4 -4.6
EEMA iShares MSCI Emerging Markets Asia ETF 4.2 49 31 9.1 +0.1
ISHP First Trust Nasdaq Retail ETF 4.1 60 20 5.7 -3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 4.1 36 44 9.1 +0.1
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 69 9.3 +0.3
CHIQ Global X MSCI China Consumer Discretionary ETF 4.1 65 15 14.4 +5.4
GMF SPDR S&P Emerging Asia Pacific ETF 4.0 49 31 9.4 +0.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 4.0 15 65 9.6 +0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.0 66 14 8.9 -0.1
EYLD Cambria Emerging Shareholder Yield ETF 4.0 66 14 11.7 +2.7
SCHE Schwab Emerging Markets Equity ETF 3.9 11 69 10.5 +1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.9 15 65 7.5 -1.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.9 70 10 8.4 -0.5
JCHI JPMorgan Active China ETF 3.9 65 15 14.3 +5.4
EMC Global X Emerging Markets Great Consumer ETF 3.8 75 5 7.5 -1.5
AVEM Avantis Emerging Markets Equity ETF 3.8 33 47 8.2 -0.8
KURE KraneShares MSCI All China Health Care Index ETF 3.8 65 15 2.9 -6.1
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 3.7 85 -5 6.1 -2.9
RODE Hartford Multifactor Diversified International ETF 3.7 29 51 10.3 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 3.7 7 73 10.4 +1.4
VWO Vanguard FTSE Emerging Markets ETF 3.6 7 73 10.1 +1.2
AIA iShares Asia 50 ETF 3.6 50 30 12.7 +3.8
ECON Columbia Emerging Markets Consumer ETF 3.5 49 31 11.7 +2.8
EEM iShares MSCI Emerging Markets ETF 3.5 69 11 9.5 +0.5
DEHP Dimensional Emerging Markets High Profitability ETF 3.4 41 39 6.4 -2.6
FDNI First Trust Dow Jones International Internet ETF 3.4 65 15 22.8 +13.9
FAN First Trust Global Wind Energy ETF 3.3 60 20 4.2 -4.8
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 1 7.9 -1.1
DVYE iShares Emerging Markets Dividend ETF 3.3 49 31 17.9 +8.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.3 41 39 8.2 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.3 30 50 9.8 +0.9
IQDF FlexShares International Quality Dividend Index Fund 3.3 47 33 8.5 -0.5
DFEV Dimensional Emerging Markets Value ETF 3.2 43 37 11.9 +3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 21 8.6 -0.4
MEM Matthews Emerging Markets Equity Active ETF 3.2 79 1 7.4 -1.6
AVSE Avantis Responsible Emerging Markets Equity ETF 3.1 33 47 7.9 -1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.1 38 42 8.6 -0.4
ESGE iShares ESG Aware MSCI EM ETF 3.1 25 55 9.3 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 3.1 9 71 9.8 +0.8
DFAE Dimensional Emerging Core Equity Market ETF 3.0 35 45 8.6 -0.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.0 30 50 9.1 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 2.9 49 31 9.4 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 2.9 17 63 13.9 +4.9
IPAV Global X Infrastructure Development ex-U.S. ETF 2.8 55 25 6.9 -2.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 2.7 86 -6 14.3 +5.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.7 25 55 6.4 -2.6
MOTI VanEck Morningstar International Moat ETF 2.7 58 22 10.8 +1.9
CGRO CoreValues Alpha Greater China Growth ETF 2.7 75 5 3.6 -5.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.6 63 17 12.8 +3.8
EMGF iShares Emerging Markets Equity Factor ETF 2.6 25 55 10.8 +1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.5 47 33 7.9 -1.1
FRNW Fidelity Clean Energy ETF 2.5 39 41 2.3 -6.7
WRND IQ Global Equity R&D Leaders ETF 2.4 18 62 7.6 -1.4
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 41 11.0 +2.0
WTRE WisdomTree New Economy Real Estate Fund 2.4 58 22 8.0 -1.0
DTCR Global X Data Center & Digital Infrastructure ETF 2.4 50 30 3.9 -5.0
SRVR Pacer Data & Infrastructure Real Estate ETF 2.4 55 25 4.5 -4.5
EMXF iShares ESG Advanced MSCI EM ETF 2.3 16 64 8.0 -1.0
CHAT Roundhill Generative AI & Technology ETF 2.2 75 5 8.0 -1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.2 44 36 10.5 +1.5
ION ProShares S&P Global Core Battery Metals ETF 2.2 58 22 7.4 -1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 2.2 49 31 9.3 +0.3
MOTG VanEck Morningstar Global Wide Moat ETF 2.2 52 28 8.9 -0.1
CTEC Global X CleanTech ETF 2.2 50 30 0.7 -8.3
EMMF WisdomTree Emerging Markets Multifactor Fund 2.2 48 32 7.0 -2.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.1 60 20 7.9 -1.1
DSTX Distillate International Fundamental Stability & Value ETF 2.1 55 25 7.6 -1.4
GDXJ VanEck Junior Gold Miners ETF 2.1 52 28 3.8 -5.2
KGRN KraneShares MSCI China Clean Technology Index ETF 2.0 79 1 0.4 -8.6
JIVE JPMorgan International Value ETF 2.0 55 25 10.9 +1.9
COPX Global X Copper Miners ETF 2.0 65 15 5.7 -3.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.0 33 47 9.3 +0.3
NXTG First Trust Indxx NextG ETF 2.0 70 10 5.1 -3.9
MINV Matthews Asia Innovators Active ETF 1.9 79 1 7.1 -1.9
OZEM Roundhill GLP-1 & Weight Loss ETF 1.9 59 21 3.2 -5.8
THNR Amplify Weight Loss Drug & Treatment ETF 1.9 59 21 6.8 -2.2
ECNS iShares MSCI China Small-Cap ETF 1.7 59 21 9.2 +0.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.7 20 60 9.8 +0.8
FDHT Fidelity Digital Health ETF 1.7 39 41 1.5 -7.4
HTEC ROBO Global Healthcare Technology and Innovation ETF 1.7 68 12 2.1 -6.9
XT iShares Exponential Technologies ETF 1.6 46 34 4.7 -4.3
AUMI Themes Gold Miners ETF 1.6 35 45 3.8 -5.2
SLVP iShares MSCI Global Silver Miners ETF 1.5 39 41 5.2 -3.8
FDRV Fidelity Electric Vehicles and Future Transportation ETF 1.5 39 41 -1.3 -10.3
IPOS Renaissance International IPO ETF 1.5 80 0 2.5 -6.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.5 72 8 -1.3 -10.3
GDX VanEck Gold Miners ETF 1.5 51 29 3.7 -5.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 60 5.9 -3.1
PATN Pacer Nasdaq International Patent Leaders ETF 1.4 65 15 5.4 -3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.4 18 62 7.3 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.3 41 39 7.1 -1.9
JADE JPMorgan Active Developing Markets Equity ETF 1.3 65 15 7.7 -1.3
VYMI Vanguard International High Dividend Yield ETF 1.3 17 63 9.1 +0.1
SOCL Global X Social Media ETF 1.3 65 15 11.0 +2.1
AGMI Themes Silver Miners ETF 1.2 35 45 4.3 -4.7
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 46 7.4 -1.6
CGV Conductor Global Equity Value ETF 1.2 130 -50 7.9 -1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.2 30 50 7.5 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 4 76 7.7 -1.3
VSGX Vanguard ESG International Stock ETF 1.2 10 70 7.5 -1.5
DTEC ALPS Disruptive Technologies ETF 1.2 50 30 3.8 -5.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 41 9.3 +0.3
VXUS Vanguard Total International Stock ETF 1.1 5 75 7.7 -1.3
COPA Themes Copper Miners ETF 1.1 35 45 4.5 -4.5
GGME Invesco Next Gen Media and Gaming ETF 1.1 60 20 4.9 -4.1
KNCT Invesco Next Gen Connectivity ETF 1.1 40 40 4.6 -4.4
ARVR First Trust Indxx Metaverse ETF 1.1 70 10 4.2 -4.8
HUMN Roundhill Humanoid Robotics ETF 1.1 75 5 2.0 -7.0
DRGN Themes China Generative Artificial Intelligence ETF 1.1 39 41 10.9 +1.9
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 50 7.5 -1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 48 8.4 -0.5
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 73 7.6 -1.4
BATT Amplify Lithium & Battery Technology ETF 1.1 59 21 2.9 -6.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 44 7.3 -1.7
SUPL ProShares Supply Chain Logistics ETF 1.0 58 22 10.3 +1.3
GEW Cambria Global EW ETF 1.0 29 51 0.0 -9.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 19 2.3 -6.7
UMMA Wahed Dow Jones Islamic World ETF 1.0 65 15 4.8 -4.2
GLOF iShares Global Equity Factor ETF 0.9 20 60 6.7 -2.3
KOCG FIS Knights of Columbus Global Belief ETF 0.9 75 5 4.9 -4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 22 9.5 +0.5
IXC iShares Global Energy ETF 0.9 44 36 10.0 +1.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 31 5.0 -4.0
DEW WisdomTree Global High Dividend Fund 0.8 58 22 8.3 -0.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 19 -0.6 -9.6
PBD Invesco Global Clean Energy ETF 0.8 75 5 0.9 -8.1
GOEX Global X Gold Explorers ETF 0.8 65 15 2.8 -6.2
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 18 3.5 -5.5
IBUY Amplify Online Retail ETF 0.8 65 15 2.7 -6.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 38 6.4 -2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.7 29 51 8.9 -0.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 34 9.6 +0.6
IXP iShares Global Comm Services ETF 0.6 42 38 5.8 -3.2
JETS U.S. Global Jets ETF 0.6 60 20 3.2 -5.8
FMET Fidelity Metaverse ETF 0.6 39 41 4.8 -4.1
IGPT Invesco AI and Next Gen Software ETF 0.6 60 20 4.5 -4.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.6 78 2 8.9 -0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 40 6.7 -2.3
SCHY Schwab International Dividend Equity ETF 0.6 14 66 9.3 +0.3
IXG iShares Global Financials ETF 0.6 42 38 6.6 -2.3
DGT State Street SPDR Global Dow ETF 0.6 50 30 6.6 -2.4
GSIB Themes Global Systemically Important Banks ETF 0.6 35 45 9.2 +0.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.6 42 38 9.7 +0.7
IGF iShares Global Infrastructure ETF 0.6 41 39 4.6 -4.4
GII SPDR S&P Global Infrastructure ETF 0.6 40 40 4.6 -4.4
FCLD Fidelity Cloud Computing ETF 0.5 39 41 3.4 -5.6
ICLN iShares Global Clean Energy ETF 0.5 41 39 3.3 -5.7
SMOG VanEck Low Carbon Energy ETF 0.5 61 19 1.6 -7.4
CGDG Capital Group Dividend Growers ETF 0.5 47 33 6.0 -3.0
IXN iShares Global Tech ETF 0.5 41 39 3.6 -5.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 60 5.5 -3.5
ACWI iShares MSCI ACWI ETF 0.4 32 48 5.4 -3.6
GINN Goldman Sachs Innovate Equity ETF 0.4 52 28 3.7 -5.3
VT Vanguard Total World Stock ETF 0.4 6 74 5.7 -3.2
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 10 4.3 -4.7
HAP VanEck Natural Resources ETF 0.3 50 30 8.9 -0.1
KLMT Invesco MSCI Global Climate 500 ETF 0.3 10 70 5.6 -3.3
SHPP Pacer Industrials and Logistics ETF 0.3 60 20 8.2 -0.8
GNR SPDR S&P Global Natural Resources ETF 0.3 40 40 10.4 +1.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 71 5.6 -3.4
INTF iShares International Equity Factor ETF 0.3 15 65 7.3 -1.6
RXI iShares Global Consumer Discretionary ETF 0.3 41 39 8.3 -0.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 33 5.7 -3.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 68 5.2 -3.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 68 8.2 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 10 7.6 -1.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -9 5.1 -3.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 72 7.3 -1.7
BKIE BNY Mellon International Equity ETF 0.0 4 76 6.7 -2.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 60 6.6 -2.4

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 China AlphaDEX Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.54
 
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.