First Trust Developed Markets ex-US Small Cap AlphaDEX Fund
ALTAR
Score™
12.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.3x P/Sales
ratio
0.4x
P/BV
ratio
0.6x Div.
yield
3.1%


  • 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) $6
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 402
Wgt avg mkt cap (mns) $873
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 86.3%
Developed mkts 80.1%
Emerging mkts 19.4%

TOP TEN HOLDINGS
CENOVUS ENERGY INC 0.7 %
SEVEN GENERATIONS ENERGY LTD. CLAS 0.7 %
BW OFFSHORE LIMITED 0.6 %
NHN KCP CORP. 0.6 %
HANDSOME CO LTD 0.5 %
HANJIN TRANSPORTATION CO 0.5 %
HYUNDAI DEVELOPMENT CO. 0.5 %
ALSO HOLDING AG 0.5 %
S&T MOTIV CO LTD 0.5 %
SANDFIRE RESOURCES NL 0.5 %
Total 5.7 %

TOP COUNTRY EXPOSURE
JAPAN 28.5 %
SOUTH KOREA 14.8 %
CANADA 7.0 %
BRITAIN 5.4 %
AUSTRALIA 4.2 %
HONG KONG 3.7 %
GERMANY 1.8 %
NORWAY 1.6 %
ISRAEL 1.6 %
SINGAPORE 1.2 %

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.
-22.2% -18.5% -1.4% -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.18 83%
MSCI EAFE 1.34 94%
MSCI Emg. Mkts. 1.03 85%

Technical Indicators
Recent close $30.72
30d moving avg. $28.94
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $2,103

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 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™: 12.3%


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
(%)
AVDV Avantis International Small Cap Value ETF 15.2 36 44 9.1 -3.2
ISDS Invesco Strategic Developed ex-US Small Company ETF 13.9 35 45 6.4 -5.8
DFJ WisdomTree Japan SmallCap Dividend Fund 13.2 58 22 9.2 -3.1
GWX SPDR S&P International Small Cap ETF 13.0 40 40 6.8 -5.5
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 12.9 58 22 9.2 -3.1
FNDC Schwab Fundamental International Small Co. Index ETF 12.6 39 41 8.1 -4.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 12.5 49 31 7.9 -4.4
SCJ iShares MSCI Japan Small-Cap ETF 10.9 47 33 7.1 -5.2
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 10.9 43 37 9.6 -2.7
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 10.7 40 40 9.7 -2.6
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 10.2 43 37 9.9 -2.3
SCHC Schwab International Small-Cap Equity ETF 10.2 12 68 7.9 -4.4
DLS WisdomTree International SmallCap Dividend Fund 9.2 58 22 9.5 -2.8
SCZ iShares MSCI Eafe Small-Cap ETF 8.5 40 40 7.4 -4.9
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 7.8 11 69 7.7 -4.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.4 39 41 10.3 -2.0
IEUS iShares MSCI Europe Small-Cap ETF 5.1 40 40 7.9 -4.4
EWUS iShares MSCI United Kingdom Small Cap ETF 4.5 59 21 9.3 -3.0
DFE WisdomTree Europe SmallCap Dividend Fund 4.4 58 22 9.8 -2.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.2 69 11 8.3 -4.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 3.4 45 35 7.8 -4.5
AVDE Avantis International Equity ETF 3.0 23 57 8.9 -3.4
FLKR Franklin FTSE South Korea ETF 2.9 9 71 10.8 -1.5
DDEZ WisdomTree Europe Multifactor Fund 2.8 43 37 7.5 -4.8
VIDI Vident International Equity Fund 2.7 59 21 13.1 +0.8
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 36 16.3 +4.0
VPL Vanguard FTSE Pacific ETF 2.3 8 72 8.7 -3.6
EWY iShares MSCI South Korea ETF 2.3 59 21 10.2 -2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.2 39 41 7.4 -4.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.2 63 17 14.3 +2.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 2.1 45 35 14.6 +2.4
ENOR iShares MSCI Norway Capped ETF 2.1 53 27 11.9 -0.4
NORW Global X MSCI Norway ETF 2.1 50 30 11.9 -0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 41 8.6 -3.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.0 29 51 13.5 +1.2
EWGS iShares MSCI Germany Small Cap ETF 2.0 59 21 5.4 -6.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.8 59 21 12.1 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 1.8 38 42 8.8 -3.5
FLM First Trust Global Engineering & Construction ETF 1.8 70 10 11.3 -1.0
IPAC iShares Core MSCI Pacific ETF 1.6 9 71 8.4 -3.9
DXJ WisdomTree Japan Hedged Equity Fund 1.6 48 32 9.5 -2.8
FYLD Cambria Foreign Shareholder Yield ETF 1.6 59 21 10.8 -1.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.6 58 22 8.8 -3.5
IVAL Alpha Architect International Quantitative Value ETF 1.5 59 21 11.5 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 1.5 5 75 8.1 -4.2
EIS iShares MSCI Israel ETF 1.5 59 21 9.2 -3.1
ISRA VanEck Vectors Israel ETF 1.5 60 20 7.2 -5.1
DRW WisdomTree Global ex-US Real Estate Fund 1.4 58 22 11.9 -0.4
GQRE FlexShares Global Quality Real Estate Index Fund 1.4 45 35 8.3 -4.0
VEA Vanguard FTSE Developed Markets ETF 1.4 5 75 8.3 -4.0
PBD Invesco Global Clean Energy ETF 1.4 75 5 2.2 -10.1
IEFA iShares Core MSCI EAFE ETF 1.3 7 73 8.1 -4.2
SDIV Global X SuperDividend ETF 1.3 58 22 19.9 +7.6
AVEM Avantis Emerging Markets Equity ETF 1.3 33 47 10.5 -1.8
FILL iShares MSCI Global Energy Producers ETF 1.3 39 41 6.7 -5.6
IXUS ishares Core MSCI Total International Stock ETF 1.2 9 71 8.4 -3.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.2 32 48 10.4 -1.9
IPKW Invesco International BuyBack Achievers ETF 1.2 55 25 9.8 -2.5
ISDX Invesco Strategic Developed ex-US ETF 1.2 23 57 8.5 -3.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.2 24 56 8.0 -4.2
IQIN IQ 500 International ETF 1.2 25 55 10.5 -1.8
CROP IQ Global Agribusiness Small Cap ETF 1.1 76 4 5.4 -6.9
WPS iShares International Developed Property ETF 1.1 48 32 8.7 -3.6
FRAK VanEck Vectors Unconventional Oil & Gas ETF 1.1 54 26 1.6 -10.6
VXUS Vanguard Total International Stock Index Fund 1.1 8 72 8.6 -3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.0 29 51 9.7 -2.6
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.0 10 70 10.0 -2.3
XBUY Amplify International Online Retail ETF 1.0 69 11 -1.0 -13.3
GAMR ETFMG Video Game Tech ETF 1.0 75 5 3.6 -8.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -3 7.0 -5.3
FCAN First Trust Canada AlphaDex Fund 1.0 80 0 5.5 -6.8
JPGE JPMorgan Diversified Return Global Equity ETF 1.0 29 51 8.1 -4.2
VNQI Vanguard Global ex-US Real Estate Index Fund 1.0 12 68 11.1 -1.2
DWM WisdomTree International Equity Fund 1.0 48 32 9.2 -3.1
FLJP Franklin FTSE Japan ETF 0.9 9 71 8.7 -3.6
GRES IQ Global Resources ETF 0.9 77 3 7.9 -4.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 0.9 83 -3 7.9 -4.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 0.9 30 50 8.5 -3.8
FLJH Franklin FTSE Japan Hedged ETF 0.9 9 71 8.7 -3.6
COPX Global X Copper Miners ETF 0.9 65 15 8.3 -4.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 0.8 9 71 8.8 -3.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.8 25 55 9.9 -2.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.8 4 76 8.1 -4.2
SCID Global X Scientific Beta Europe ETF 0.8 38 42 7.8 -4.5
CUT Invesco MSCI Global Timber ETF 0.8 55 25 10.1 -2.2
ENZL iShares MSCI New Zealand Capped ETF 0.8 50 30 3.1 -9.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.8 45 35 10.7 -1.6
BBCA JPMorgan BetaBuilders Canada ETF 0.8 19 61 7.6 -4.7
RFEU First Trust Riverfront Dynamic Europe ETF 0.8 83 -3 5.5 -6.8
ICLN iShares Global Clean Energy ETF 0.8 46 34 3.8 -8.5
HAP VanEck Vectors Natural Resources ETF 0.7 50 30 6.9 -5.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.7 80 0 2.0 -10.3
PSP Invesco Global Listed Private Equity ETF 0.7 178 -98 6.0 -6.3
PAWZ ProShares Pet Care ETF 0.7 50 30 2.7 -9.6
GFIN Goldman Sachs Motif Finance Reimagined ETF 0.7 50 30 6.0 -6.3
FKU First Trust United Kingdom AlphaDEX Fund 0.7 80 0 10.6 -1.7
VGK Vanguard FTSE Europe ETF 0.7 8 72 8.2 -4.1
PDEV Principal International Multi-Factor Core Index ETF 0.7 25 55 8.8 -3.5
JPXN iShares JPX-Nikkei 400 ETF 0.7 48 32 8.3 -3.9
TBLU Tortoise Water Fund 0.7 40 40 5.6 -6.7

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

  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

Content on this tab for subscribers only

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 Small Cap AlphaDEX Fund
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 7.8 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 12.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.