First Trust Developed Markets ex-US AlphaDEX
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
12.7x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Developed Markets ex-US AlphaDEX Fund seeks investment results that correspond to the Defined Developed Markets ex-US Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $683
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 299
Wgt avg mkt cap (mns) $16,359
Large cap (>$10bn) 41.6%
Mid cap ($2-10bn) 56.9%
Small cap (<$2bn) 1.0%
Developed mkts 93.3%
Emerging mkts 6.7%

TOP TEN HOLDINGS
BLUESCOPE STEEL LTD 0.7 %
ASM INTERNATIONAL N.V. 0.6 %
AVAST PLC 0.6 %
ANGLO AMERICAN PLC 0.6 %
TOSOH CORP 0.6 %
PORSCHE AUTOMOBIL HLDG-PFD 0.6 %
FORTESCUE METALS GROUP LTD 0.6 %
INDUSTRIAL ALLIANCE INSURANC 0.6 %
HASEKO CORP 0.6 %
AIR CANADA 0.6 %
Total 6.1 %

TOP COUNTRY EXPOSURE
JAPAN 25.5 %
CANADA 9.7 %
GERMANY 9.4 %
BRITAIN 8.7 %
HONG KONG 7.2 %
SOUTH KOREA 5.3 %
FRANCE 5.1 %
AUSTRALIA 4.8 %
ITALY 4.6 %
SWEDEN 4.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.1% 6.8% 4.3% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 67%
MSCI EAFE 1.16 86%
MSCI Emg. Mkts. 0.90 83%

Technical Indicators
Recent close $55.05
30d moving avg. $54.40
Annualized volatility 13.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 47
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $13,377

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Developed Markets ex-US AlphaDEX ETF based on the alternatives' overlap in portfolio holdings with FDT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FDT Expense: 80 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDT
Ticker Fund
Name
Overlap1
vs FDT
(%)
Expense
ratio
(bp)
Savings
vs FDT
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDT
(%)
FEP First Trust Europe AlphaDEX 42.0 80 0 7.2 -0.8
UIVM USAA MSCI International Value Momentum Blend Index 28.7 35 45 8.1 +0.1
FEUZ First Trust Eurozone AlphaDex 26.5 80 0 6.9 -1.1
IQIN IQ 500 International 23.1 25 55 8.3 +0.3
RODM Lattice Developed Markets (Ex-US) Strategy 23.0 29 51 7.6 -0.4
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 22.1 24 56 6.9 -1.1
TPIF Timothy Plan International 21.5 62 18 6.5 -1.4
REFA Invesco International Revenue ETF 21.3 42 38 8.6 +0.6
ISDX Invesco Strategic Developed ex-US 21.2 23 57 7.6 -0.3
ISZE iShares MSCI Int'l Developed Size Factor 20.9 30 50 6.6 -1.3
PQIN PGIM QMA Strategic Alpha International Equity 20.2 29 51 7.1 -0.8
INTF iShares FactorSelect MSCI International 20.2 30 50 8.2 +0.2
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 20.0 45 35 6.8 -1.1
IVLU iShares MSCI Int'l Developed Value Factor 20.0 30 50 10.2 +2.2
JPGE JPM Diversified Return Global Equity 19.9 29 51 6.8 -1.2
CIL Victory CEMP International Volatility Wtd 19.9 45 35 6.8 -1.1
FNDF Schwab Fundamental Intl Large Cap 19.8 25 55 7.4 -0.6
PDEV Principal International Multi-Factor Core Index 19.6 25 55 6.6 -1.4
FJP First Trust Japan AlphaDEX 19.6 80 0 8.5 +0.6
JPIN JPMorgan Diversified Rtn. Int'l Equity 19.6 38 42 7.3 -0.6

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
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
  2018 2019E 2020E
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 Developed Markets ex-US AlphaDEX
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.63
 
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.