First Trust Developed Markets ex-US Alphadex Fund
ALTAR
Score™		 8.3% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 19.0x P/Sales
ratio		 0.8x
P/BV
ratio		 1.0x Div.
yield		 2.8%


  • 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) $389
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 300
Wgt avg mkt cap (mns) $13,549
Large cap (>$10bn) 37.2%
Mid cap ($2-10bn) 61.8%
Small cap (<$2bn) 1.0%
Developed mkts 91.3%
Emerging mkts 8.8%

TOP TEN HOLDINGS
SHOPIFY, INC. CLASS A 1.0 %
KINROSS GOLD CORP 0.9 %
DAUM COMMUNICATIONS CORP 0.8 %
FORTESCUE METALS GROUP LTD 0.7 %
KINNEVIK AB CLASS B 0.7 %
IMPERIAL OIL LTD 0.7 %
CANADIAN NATURAL RESOURCES 0.7 %
BECHTLE AG 0.7 %
WIZZ AIR HOLDINGS PLC 0.6 %
SANTOS LTD 0.6 %
Total 7.3 %

TOP COUNTRY EXPOSURE
JAPAN 28.9 %
CANADA 11.0 %
SOUTH KOREA 7.4 %
GERMANY 6.7 %
BRITAIN 6.5 %
SWEDEN 6.1 %
HONG KONG 4.1 %
AUSTRALIA 4.1 %
FRANCE 3.6 %
BELGIUM 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.0% -18.8% -1.7% -- -0.2%

Market Correlations
versus... Beta R-squared
S&P500 1.01 81%
MSCI EAFE 1.16 93%
MSCI Emg. Mkts. 0.91 89%

Technical Indicators
Recent close $45.74
30d moving avg. $42.95
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 144
Turnover 1.7%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $15,474

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Developed Markets ex-US Alphadex Fund 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™: 8.3%


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 Fund 37.6 80 0 8.6 +0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.0 24 56 7.7 -0.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 22.8 35 45 9.1 +0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.4 29 51 9.2 +0.9
ISZE iShares Edge MSCI Intl Size Factor ETF 20.3 30 50 7.5 -0.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 20.2 29 51 8.5 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 19.8 45 35 7.2 -1.1
FEUZ First Trust Eurozone AlphaDEX ETF 19.7 80 0 8.4 +0.0
JPIN JPMorgan Diversified Return International Equity ETF 19.4 38 42 8.5 +0.1
EWJE iShares MSCI Japan Equal Weighted ETF 18.4 15 65 7.5 -0.8
IQIN IQ 500 International ETF 18.3 25 55 9.9 +1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 18.2 30 50 5.2 -3.2
TPIF Timothy Plan International ETF 18.2 62 18 7.5 -0.9
JPGE JPMorgan Diversified Return Global Equity ETF 17.9 29 51 7.8 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 17.7 25 55 9.4 +1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 17.6 80 0 8.7 +0.3
JHMD John Hancock Multifactor Developed International ETF 17.4 45 35 8.0 -0.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 17.2 45 35 7.6 -0.8
ISDX Invesco Strategic Developed ex-US ETF 17.0 23 57 8.1 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.0 25 55 7.3 -1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.9 39 41 7.1 -1.2
FJP First Trust Japan AlphaDEX Fund 16.9 80 0 10.0 +1.6
SCHF Schwab International Equity ETF 16.4 6 74 7.9 -0.4
INTF iShares Edge MSCI Multifactor Intl ETF 16.3 30 50 8.8 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 16.2 20 60 8.1 -0.3
PDEV Principal International Multi-Factor Core Index ETF 16.0 25 55 8.4 +0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 16.0 30 50 12.0 +3.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.9 45 35 9.6 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 15.8 4 76 7.7 -0.6
DWMF WisdomTree International Multifactor Fund 15.7 38 42 7.2 -1.1
SCIJ Global X Scientific Beta Japan ETF 15.5 39 41 7.6 -0.8
JPEU JPMorgan Diversified Return Europe Equity ETF 15.4 37 43 7.3 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 15.3 7 73 8.1 -0.2
IDEV iShares Core MSCI International Developed Markets ETF 15.3 5 75 7.8 -0.6
VEA Vanguard FTSE Developed Markets ETF 15.3 5 75 8.0 -0.3
VPL Vanguard FTSE Pacific ETF 15.0 8 72 8.4 +0.0
QINT American Century Quality Diversified International ETF 15.0 39 41 6.3 -2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 14.9 83 -3 6.8 -1.6
EFA iShares MSCI EAFE ETF 14.4 32 48 7.7 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.1 35 45 7.5 -0.8
IEFA iShares Core MSCI EAFE ETF 14.0 7 73 7.8 -0.5
DIM WisdomTree International MidCap Dividend Fund 14.0 58 22 8.2 -0.1
EFV iShares MSCI EAFE Value ETF 13.8 39 41 10.8 +2.4
AVDE Avantis International Equity ETF 13.8 23 57 8.5 +0.2
SCID Global X Scientific Beta Europe ETF 13.6 38 42 7.4 -0.9
IPAC iShares Core MSCI Pacific ETF 13.6 9 71 8.0 -0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 13.5 30 50 8.1 -0.2
JPXN iShares JPX-Nikkei 400 ETF 13.4 48 32 7.9 -0.4
FLJH Franklin FTSE Japan Hedged ETF 13.4 9 71 8.3 -0.0
FLJP Franklin FTSE Japan ETF 13.4 9 71 8.3 +0.0
IDLV Invesco S&P International Developed Low Volatility ETF 13.3 25 55 7.2 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.2 14 66 7.4 -0.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 13.2 9 71 8.4 +0.0
ESGD iShares MSCI EAFE ESG Optimized ETF 13.2 20 60 7.7 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.0 20 60 7.7 -0.7
QJPN SPDR MSCI Japan StrategicFactors ETF 13.0 14 66 8.5 +0.1
BBJP JPMorgan BetaBuilders Japan ETF 13.0 19 61 8.2 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 13.0 32 48 8.0 -0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.9 25 55 8.1 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 12.7 8 72 8.3 -0.1
IDY Pacific Global International Equity Income ETF 12.7 39 41 9.4 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 12.7 30 50 7.2 -1.2
EWJ iShares MSCI Japan ETF 12.6 49 31 7.9 -0.4
RNDM Developed International Equity Select ETF 12.5 65 15 6.8 -1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.5 45 35 8.0 -0.4
IXUS ishares Core MSCI Total International Stock ETF 12.3 9 71 8.1 -0.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 12.3 29 51 13.0 +4.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.3 48 32 0.0 -8.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.2 35 45 9.1 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.2 40 40 7.9 -0.4
VXUS Vanguard Total International Stock Index Fund 12.2 8 72 8.3 -0.1
CWI SPDR MSCI ACWI ex-US ETF 12.1 30 50 8.1 -0.3
RBIN Nationwide Risk-Based International Equity ETF 12.1 42 38 6.8 -1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.9 39 41 9.8 +1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.9 16 64 7.5 -0.8
IDMO Invesco S&P International Developed Momentum ETF 11.9 25 55 4.9 -3.5
IQSI IQ Candriam ESG International Equity ETF 11.8 15 65 7.8 -0.5
DWM WisdomTree International Equity Fund 11.7 48 32 8.8 +0.5
VIDI Vident International Equity Fund 11.4 59 21 12.6 +4.3
VSGX Vanguard ESG International Stock ETF 11.3 17 63 7.9 -0.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 11.1 30 50 7.3 -1.0
EWJV iShares MSCI Japan Value ETF 11.1 15 65 11.6 +3.3
FLEE Franklin FTSE Europe ETF 11.1 9 71 7.5 -0.9
VGK Vanguard FTSE Europe ETF 11.0 8 72 7.9 -0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 11.0 45 35 7.3 -1.0
BBEU JPMorgan BetaBuilders Europe ETF 11.0 9 71 7.8 -0.6
FLEH Franklin FTSE Europe Hedged ETF 11.0 9 71 7.5 -0.8
IEUR iShares Core MSCI Europe ETF 10.8 9 71 7.8 -0.6
FEU SPDR Portfolio Europe ETF 10.8 9 71 7.8 -0.6
FDEV Fidelity Targeted International Factor ETF 10.2 39 41 6.9 -1.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 10.2 83 -3 7.6 -0.8
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 10.2 43 37 9.5 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.1 32 48 6.8 -1.6
FIVA Fidelity International Value Factor ETF 10.0 39 41 11.1 +2.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.9 25 55 7.1 -1.2
IEV iShares Europe ETF 9.9 59 21 7.3 -1.1
EFG iShares MSCI EAFE Growth ETF 9.9 40 40 5.0 -3.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 9.8 45 35 7.1 -1.2
DDEZ WisdomTree Europe Multifactor Fund 9.5 43 37 7.3 -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

  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 Developed Markets ex-US 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 9.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.58
 
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.