First Trust Developed Markets ex-US Alphadex Fund
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
32.9x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
2.3%


  • 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 18, 2011
Assets (mns) $415
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 301
Wgt avg mkt cap (mns) $15,795
Large cap (>$10bn) 45.0%
Mid cap ($2-10bn) 52.7%
Small cap (<$2bn) 0.9%
Developed mkts 89.9%
Emerging mkts 9.9%

TOP TEN HOLDINGS
DAUM COMMUNICATIONS CORP 1.1 %
KINROSS GOLD CORP 1.0 %
KINNEVIK AB CLASS B 1.0 %
SHOPIFY, INC. CLASS A 0.9 %
FORTESCUE METALS GROUP LTD 0.9 %
SEEGENE INC 0.9 %
EVOLUTION GAMING GROUP AB 0.8 %
DOMINO'S PIZZA ENTERPRISES L 0.8 %
WIZZ AIR HOLDINGS PLC 0.7 %
SAMSUNG SDI CO LTD 0.7 %
Total 8.7 %

TOP COUNTRY EXPOSURE
JAPAN 28.2 %
CANADA 10.4 %
SOUTH KOREA 8.9 %
SWEDEN 7.6 %
GERMANY 7.0 %
BRITAIN 5.9 %
AUSTRALIA 4.6 %
HONG KONG 4.1 %
FRANCE 3.8 %
SWITZERLAND 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% 3.4% 3.9% -- 1.7%

Market Correlations
versus... Beta R-squared
S&P500 1.01 83%
MSCI EAFE 1.16 93%
MSCI Emg. Mkts. 0.87 82%

Technical Indicators
Recent close $51.51
30d moving avg. $51.07
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.4%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $6,009

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.2%


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 40.2 80 0 7.1 -0.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 27.7 35 45 8.5 +1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.3 24 56 7.0 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.0 29 51 7.6 +0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 20.5 30 50 7.1 -0.1
FEUZ First Trust Eurozone AlphaDEX ETF 20.3 80 0 7.1 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.2 45 35 6.5 -0.7
JPIN JPMorgan Diversified Return International Equity ETF 20.1 37 43 7.7 +0.6
CIL VictoryShares International Volatility Weighted Index ETF 20.1 45 35 6.6 -0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.6 30 50 4.3 -2.9
TPIF Timothy Plan International ETF 19.6 62 18 6.1 -1.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 19.2 80 0 7.5 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 18.6 29 51 7.4 +0.3
EWJE iShares MSCI Japan Equal Weighted ETF 18.6 15 65 7.1 -0.1
INTF iShares Edge MSCI Multifactor Intl ETF 18.3 30 50 7.7 +0.5
ISDX Invesco Strategic Developed ex-US ETF 18.3 23 57 7.2 -0.0
FJP First Trust Japan AlphaDEX Fund 18.0 80 0 8.5 +1.3
IQIN IQ 500 International ETF 17.9 25 55 8.5 +1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.9 39 41 6.4 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 17.8 25 55 8.6 +1.5
SCIJ Global X Scientific Beta Japan ETF 17.6 40 40 6.8 -0.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.6 25 55 6.6 -0.6
JHMD John Hancock Multifactor Developed International ETF 17.5 39 41 7.2 +0.1
QINT American Century Quality Diversified International ETF 17.2 39 41 6.0 -1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 17.2 45 35 7.0 -0.2
SCHF Schwab International Equity ETF 16.7 6 74 7.2 +0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 16.7 20 60 7.3 +0.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 16.4 29 51 11.4 +4.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 16.3 45 35 8.7 +1.5
DWMF WisdomTree International Multifactor Fund 16.2 38 42 6.2 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 16.2 4 76 7.0 -0.2
PDEV Principal International Multi-Factor Core Index ETF 15.9 25 55 7.7 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 15.8 7 73 7.4 +0.2
VEA Vanguard FTSE Developed Markets ETF 15.8 5 75 7.3 +0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 15.7 30 50 11.3 +4.1
SCID Global X Scientific Beta Europe ETF 15.5 39 41 6.3 -0.9
GSID Goldman Sachs MarketBeta International Equity ETF 15.5 20 60 7.1 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 15.5 5 75 7.1 -0.1
EFA iShares MSCI EAFE ETF 15.2 32 48 6.9 -0.3
VPL Vanguard FTSE Pacific ETF 15.0 8 72 7.4 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.9 35 45 6.7 -0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 14.9 20 60 6.8 -0.4
BKIE BNY Mellon International Equity ETF 14.8 4 76 7.3 +0.1
AVDE Avantis International Equity ETF 14.6 23 57 7.5 +0.3
IEFA iShares Core MSCI EAFE ETF 14.5 7 73 7.1 -0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 14.4 30 50 6.7 -0.5
DIM WisdomTree International MidCap Dividend Fund 14.3 58 22 7.4 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 14.2 35 45 6.8 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 14.1 20 60 6.9 -0.3
IPAC iShares Core MSCI Pacific ETF 13.9 9 71 7.1 -0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 13.8 25 55 7.1 -0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 13.7 9 71 7.5 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.7 14 66 6.8 -0.4
EFV iShares MSCI EAFE Value ETF 13.7 39 41 9.5 +2.3
JPXN iShares JPX-Nikkei 400 ETF 13.5 48 32 7.0 -0.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 13.5 30 50 0.0 -7.2
FLJP Franklin FTSE Japan ETF 13.4 9 71 7.4 +0.2
FLJH Franklin FTSE Japan Hedged ETF 13.4 9 71 7.4 +0.2
IDLV Invesco S&P International Developed Low Volatility ETF 13.4 25 55 6.6 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 13.2 32 48 7.2 -0.0
RNDM Developed International Equity Select ETF 13.1 65 15 6.2 -1.0
QJPN SPDR MSCI Japan StrategicFactors ETF 13.1 14 66 7.4 +0.2
RBIN Nationwide Risk-Based International Equity ETF 13.0 42 38 6.0 -1.2
CWI SPDR MSCI ACWI ex-US ETF 12.9 30 50 7.1 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 12.9 8 72 7.5 +0.3
BBJP JPMorgan BetaBuilders Japan ETF 12.9 19 61 7.2 +0.0
IDY Pacific Global International Equity Income ETF 12.8 39 41 7.9 +0.7
EWJ iShares MSCI Japan ETF 12.8 49 31 6.9 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.7 40 40 7.0 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.7 45 35 7.0 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.6 35 45 8.5 +1.3
VSGX Vanguard ESG International Stock ETF 12.4 17 63 7.0 -0.2
IXUS ishares Core MSCI Total International Stock ETF 12.3 9 71 7.3 +0.1
DWM WisdomTree International Equity Fund 12.2 48 32 8.2 +1.0
IQSI IQ Candriam ESG International Equity ETF 12.1 15 65 7.2 -0.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.1 30 50 0.0 -7.2
VXUS Vanguard Total International Stock Index Fund 12.1 8 72 7.4 +0.3
FDEV Fidelity Targeted International Factor ETF 12.0 39 41 6.3 -0.9
IDMO Invesco S&P International Developed Momentum ETF 12.0 26 54 4.5 -2.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.9 16 64 6.8 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.8 39 41 8.1 +1.0
VIDI Vident International Equity Fund 11.8 59 21 11.0 +3.8
VGK Vanguard FTSE Europe ETF 11.8 8 72 7.2 +0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 11.6 30 50 0.0 -7.2
VYMI Vanguard International High Dividend Yield ETF 11.6 27 53 10.1 +2.9
BBEU JPMorgan BetaBuilders Europe ETF 11.6 9 71 7.2 -0.0
FLEE Franklin FTSE Europe ETF 11.5 9 71 6.8 -0.3
IEUR iShares Core MSCI Europe ETF 11.4 9 71 7.1 -0.1
FLEH Franklin FTSE Europe Hedged ETF 11.4 9 71 7.0 -0.2
FEU SPDR Portfolio Europe ETF 11.3 9 71 7.1 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 11.1 25 55 6.3 -0.9
EFG iShares MSCI EAFE Growth ETF 11.1 40 40 4.4 -2.8
EWJV iShares MSCI Japan Value ETF 10.9 15 65 10.0 +2.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 10.8 45 35 6.5 -0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 10.7 30 50 5.9 -1.3
IEV iShares Europe ETF 10.6 59 21 6.7 -0.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.0 32 48 5.9 -1.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 9.9 65 15 10.7 +3.5

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 8.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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