First Trust Dev Mkts ex-US Small Cap Alpha
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
10.7x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
2.7%


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

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 16, 2012
Assets (mns) $10
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 401
Wgt avg mkt cap (mns) $1,196
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 22.2%
Small cap (<$2bn) 77.6%
Developed mkts 88.1%
Emerging mkts 11.9%

TOP TEN HOLDINGS
DART GROUP PLC 0.8 %
BURE EQUITY AB 0.6 %
PERSEUS MINING LTD 0.6 %
SOULBRAIN CO LTD 0.6 %
DONGBU HITEK CO LTD 0.6 %
LEE & MAN PAPER MANUFACTURIN 0.6 %
ORGANO CORP 0.6 %
SHOWA CORP 0.5 %
BW LPG LTD 0.5 %
PUBLIC POWER CORP 0.5 %
Total 5.8 %

TOP COUNTRY EXPOSURE
JAPAN 31.2 %
SOUTH KOREA 9.8 %
CANADA 9.0 %
BRITAIN 6.2 %
AUSTRALIA 4.9 %
HONG KONG 3.7 %
ISRAEL 2.5 %
SWEDEN 2.4 %
FRANCE 1.5 %
GERMANY 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.7% 18.7% 5.8% -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 1.05 71%
MSCI EAFE 1.32 92%
MSCI Emg. Mkts. 0.92 77%

Technical Indicators
Recent close $38.46
30d moving avg. $38.22
Annualized volatility 15.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $1,644

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FDTS Expense: 80 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FDTS
Ticker Fund
Name
Overlap1
vs FDTS
(%)
Expense
ratio
(bp)
Savings
vs FDTS
(bp)
ALTAR
Score™
(%)
ALTAR
vs FDTS
(%)
ISCF iShares FactorSelect MSCI Intl Small-Cap 16.8 40 40 7.0 -1.7
AVDV Avantis International Small Cap Value 15.6 36 44 7.1 -1.7
DFJ WisdomTree Japan Small Cap Dividend 15.1 58 22 7.9 -0.8
DXJS WisdomTree Japan Hedged Small 15.0 58 22 7.7 -1.0
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 13.9 49 31 6.3 -2.4
ISDS Invesco Strategic Developed ex-US Small Company 13.6 35 45 5.0 -3.7
GWX SPDR International SmallCap 13.4 40 40 4.5 -4.2
FNDC Schwab Fundamental Intl Small Cap 13.2 39 41 4.4 -4.4
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 12.9 43 37 8.0 -0.7
SCJ iShares MSCI Japan Small Cap 12.5 47 33 6.1 -2.6
DLS WisdomTree Int'l SmallCap Dividend 11.7 58 22 8.0 -0.8
SCHC Schwab Intl Small-Cap Equity 11.3 12 68 6.3 -2.4
SCZ iShares MSCI EAFE Small Cap 9.5 39 41 6.0 -2.7
VSS Vanguard FTSE All World ex-US Small Cap 8.7 12 68 6.2 -2.5
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 7.9 39 41 8.1 -0.6
DFE WisdomTree Europe Small Cap Dividend 7.2 58 22 8.6 -0.2
DDJP WisdomTree Dynamic Currency Hedged Japan Equity 6.2 43 37 7.1 -1.6
IEUS iShares MSCI Europe Small Cap 5.9 40 40 6.1 -2.6
EWUS iShares MSCI United Kingdom Small Cap 4.8 59 21 7.3 -1.4
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 4.3 43 37 6.1 -2.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Dev Mkts ex-US Small Cap Alpha
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.