First Trust Canada AlphaDex Fund
ALTAR
Score™
7.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Canada AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Canada Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 15, 2012
Assets (mns) $2
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 39
Wgt avg mkt cap (mns) $9,154
Large cap (>$10bn) 25.0%
Mid cap ($2-10bn) 68.7%
Small cap (<$2bn) 6.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENIVAR INC 6.2 %
SHOPIFY, INC. CLASS A 5.5 %
CAN APARTMENT PROP REAL ESTA 5.4 %
BROOKFIELD ASSET MANAGE-CL A 4.6 %
ALTAGAS INCOME TRUST 4.2 %
ONEX CORPORATION 4.1 %
INTACT FINANCIAL CORP 3.8 %
INDUSTRIAL ALLIANCE INSURANC 3.8 %
YAMANA GOLD INC 3.6 %
TOROMONT INDUSTRIES LTD 3.5 %
Total 44.7 %

TOP COUNTRY EXPOSURE
CANADA 97.4 %










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.
-41.7% -36.4% -12.4% -- -7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.33 64%
MSCI EAFE 1.44 72%
MSCI Emg. Mkts. 1.11 63%

Technical Indicators
Recent close $14.30
30d moving avg. $17.86
Annualized volatility 25.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $1,806

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Canada AlphaDex Fund ETF based on the alternatives' overlap in portfolio holdings with FCAN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FCAN Expense: 80 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FCAN
Ticker Fund
Name
Overlap1
vs FCAN
(%)
Expense
ratio
(bp)
Savings
vs FCAN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FCAN
(%)
BBCA JPMorgan BetaBuilders Canada ETF 23.0 19 61 9.1 +1.2
QCAN SPDR MSCI Canada Quality Mix ETF 22.1 14 66 9.0 +1.1
EWC iShares MSCI Canada ETF 22.0 49 31 8.9 +1.0
FLCA Franklin FTSE Canada ETF 21.2 9 71 9.4 +1.4
NANR SPDR S&P North American Natural Resources ETF 8.9 35 45 5.1 -2.8
PID Invesco International Dividend Achievers ETF 8.0 54 26 9.8 +1.8
IPKW Invesco International BuyBack Achievers ETF 7.2 55 25 12.3 +4.4
FDT First Trust Developed Markets ex-US Alphadex Fund 6.3 80 0 11.4 +3.5
ISDX Invesco Strategic Developed ex-US ETF 5.6 23 57 10.0 +2.1
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 5.5 60 20 4.3 -3.6
SLVP iShares MSCI Global Silver Miners ETF 5.4 39 41 2.7 -5.2
RING iShares MSCI Global Gold Miners ETF 5.2 39 41 4.9 -3.0
INTF iShares Edge MSCI Multifactor Intl ETF 4.9 30 50 10.3 +2.4
SCHC Schwab International Small-Cap Equity ETF 4.9 12 68 9.5 +1.5
IDLV Invesco S&P International Developed Low Volatility ETF 4.8 25 55 8.0 +0.1
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 21 13.0 +5.0
SILJ ETFMG Prime Junior Silver ETF 4.5 69 11 0.8 -7.2
COPX Global X Copper Miners ETF 4.4 65 15 11.0 +3.1
IGRO iShares International Dividend Growth ETF 4.4 22 58 9.9 +2.0
PEX ProShares Global Listed Private Equity ETF 4.1 313 -233 11.3 +3.4
AIIQ AI Powered International Equity ETF 4.1 79 1 6.1 -1.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 4.0 35 45 10.8 +2.9
EMLP First Trust North American Energy Infrastructure Fund 4.0 95 -15 7.5 -0.5
FILL iShares MSCI Global Energy Producers ETF 3.9 39 41 8.5 +0.6
FID First Trust S&P International Dividend Aristocrats ETF 3.7 60 20 11.9 +4.0
IXC iShares Global Energy ETF 3.7 46 34 7.5 -0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 3.7 46 34 7.9 -0.1
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 3.6 11 69 9.2 +1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 15 15.3 +7.4
GRES IQ Global Resources ETF 3.5 77 3 9.2 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.4 29 51 10.8 +2.8
WDIV SPDR Global Dividend ETF 3.2 40 40 12.8 +4.9
PDEV Principal International Multi-Factor Core Index ETF 3.0 25 55 8.5 +0.6
ABEQ Absolute Core Strategy ETF 3.0 85 -5 5.8 -2.1
FIVA Fidelity International Value Factor ETF 3.0 39 41 13.3 +5.3
VRAI Virtus Real Asset Income ETF 2.9 55 25 15.7 +7.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 2.9 30 50 8.1 +0.2
PSP Invesco Global Listed Private Equity ETF 2.8 178 -98 8.7 +0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.7 29 51 14.7 +6.8
TPYP Tortoise North American Pipeline Fund 2.6 40 40 8.4 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.5 25 55 8.6 +0.7
VIDI Vident International Equity Fund 2.5 59 21 15.1 +7.1
GNR SPDR S&P Global Natural Resources ETF 2.5 40 40 8.7 +0.7
SGDM Sprott Gold Miners ETF 2.5 50 30 3.3 -4.7
ALFA AlphaClone Alternative Alpha ETF 2.4 65 15 5.7 -2.2
AVDE Avantis International Equity ETF 2.4 23 57 10.3 +2.4
ISZE iShares Edge MSCI Intl Size Factor ETF 2.4 30 50 9.2 +1.2
AVDV Avantis International Small Cap Value ETF 2.4 36 44 12.1 +4.2
FDEV Fidelity Targeted International Factor ETF 2.3 39 41 7.8 -0.1
IFGL iShares International Developed Real Estate ETF 2.3 48 32 9.0 +1.1
FVL First Trust Value Line 100 Exchange-Traded Fund 2.2 70 10 5.6 -2.3
TPIF Timothy Plan International ETF 2.1 62 18 8.9 +1.0
CIL Victory CEMP International Volatility Weighted Index ETF 2.1 45 35 9.3 +1.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 2.1 65 15 13.2 +5.3
IDEV iShares Core MSCI International Developed Markets ETF 2.0 5 75 9.3 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.0 45 35 11.5 +3.6
SPDW SPDR Portfolio Developed World ex-US ETF 2.0 4 76 9.2 +1.3
BATT Amplify Advanced Battery Metals & Materials ETF 1.9 72 8 5.3 -2.7
AFK VanEck Vectors Africa Index ETF 1.9 78 2 4.6 -3.4
MXI iShares Global Materials ETF 1.9 46 34 8.4 +0.5
QVM Arrow QVM Equity Factor ETF 1.9 65 15 15.0 +7.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.9 32 48 7.6 -0.4
VEA Vanguard FTSE Developed Markets ETF 1.8 5 75 9.5 +1.6
VIGI Vanguard International Dividend Appreciation ETF 1.8 25 55 7.2 -0.8
IDMO Invesco S&P International Developed Momentum ETF 1.8 25 55 5.7 -2.2
RNDM Developed International Equity Select ETF 1.7 65 15 8.2 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.7 25 55 11.2 +3.3
FIDI Fidelity International High Dividend ETF 1.7 39 41 16.3 +8.4
GFIN Goldman Sachs Motif Finance Reimagined ETF 1.7 50 30 8.1 +0.2
SCHF Schwab International Equity ETF 1.7 6 74 9.4 +1.4
OGIG O'Shares Global Internet Giants ETF 1.7 48 32 1.0 -6.9
RWX SPDR Dow Jones International Real Estate ETF 1.6 59 21 8.2 +0.2
FRAK VanEck Vectors Unconventional Oil & Gas ETF 1.6 54 26 4.2 -3.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.6 10 70 10.6 +2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.6 24 56 9.3 +1.3
IQIN IQ 500 International ETF 1.6 25 55 11.3 +3.4
CWI SPDR MSCI ACWI ex-US ETF 1.6 30 50 9.4 +1.5
IXG iShares Global Financials ETF 1.6 46 34 12.7 +4.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.5 58 22 13.6 +5.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 41 8.6 +0.6
QINT American Century Quality Diversified International ETF 1.5 39 41 7.6 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.5 39 41 11.9 +3.9
ACWX iShares MSCI ACWI ex U.S. ETF 1.4 32 48 9.4 +1.5
IXUS ishares Core MSCI Total International Stock ETF 1.4 9 71 9.5 +1.6
VXUS Vanguard Total International Stock Index Fund 1.4 8 72 9.7 +1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 33 17.4 +9.4
ESGN Columbia Sustainable International Equity Income ETF 1.4 45 35 14.0 +6.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.4 70 10 8.9 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 1.4 39 41 10.9 +3.0
DRW WisdomTree Global ex-US Real Estate Fund 1.3 58 22 12.1 +4.2
REET iShares Global REIT ETF 1.3 14 66 9.4 +1.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 1.3 30 50 7.5 -0.4
GOEX Global X Gold Explorers ETF 1.3 65 15 5.0 -2.9
VALX Validea Market Legends ETF 1.3 79 1 19.2 +11.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 1.3 68 12 6.2 -1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 1.3 20 60 13.0 +5.1
PIZ Invesco DWA Developed Markets Momentum ETF 1.2 80 0 5.4 -2.5
VSGX Vanguard ESG International Stock ETF 1.2 17 63 9.2 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 40 40 9.2 +1.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.2 8 72 9.7 +1.8

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 Canada 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 7.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.57
 
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.