First Trust Developed Markets ex-US Small Cap AlphaDEX Fund
ALTAR
Score™
10.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
0.5x
P/BV
ratio
0.7x Div.
yield
2.6%


  • 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 15, 2012
Assets (mns) $7
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) $1,092
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 78.4%
Developed mkts 79.5%
Emerging mkts 19.9%

TOP TEN HOLDINGS
SHOP APOTHEKE EUROPE NV 0.9 %
SEVEN GENERATIONS ENERGY LTD. CLAS 0.8 %
HOPSON DEVELOPMENT HOLDINGS 0.7 %
NHN KCP CORP. 0.7 %
DATA#3 LTD 0.7 %
HONG KONG TELEVISION NETWORK LTD. 0.6 %
ROYAL MAIL PLC 0.6 %
BURE EQUITY AB 0.6 %
CENOVUS ENERGY INC 0.6 %
SK CHEMICALS CO LTD 0.6 %
Total 6.8 %

TOP COUNTRY EXPOSURE
JAPAN 27.3 %
SOUTH KOREA 15.6 %
CANADA 6.8 %
BRITAIN 5.1 %
AUSTRALIA 4.8 %
HONG KONG 4.5 %
GERMANY 1.9 %
NORWAY 1.5 %
SWEDEN 1.5 %
ISRAEL 1.4 %

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.
-3.6% 10.4% 4.0% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 1.18 85%
MSCI EAFE 1.35 94%
MSCI Emg. Mkts. 1.00 82%

Technical Indicators
Recent close $35.52
30d moving avg. $36.52
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $167

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 10.3%


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 16.1 36 44 7.9 -2.5
GWX SPDR S&P International Small Cap ETF 13.9 40 40 6.4 -3.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 13.2 58 22 7.8 -2.5
DFJ WisdomTree Japan SmallCap Dividend Fund 13.2 58 22 7.8 -2.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 12.7 49 31 6.4 -4.0
FNDC Schwab Fundamental International Small Co. Index ETF 12.6 39 41 7.1 -3.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 12.4 40 40 8.6 -1.8
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 11.4 43 37 8.5 -1.8
SCJ iShares MSCI Japan Small-Cap ETF 11.3 49 31 6.1 -4.3
SCHC Schwab International Small-Cap Equity ETF 10.4 11 69 6.7 -3.7
DLS WisdomTree International SmallCap Dividend Fund 9.9 58 22 8.4 -1.9
SCZ iShares MSCI Eafe Small-Cap ETF 9.2 40 40 7.0 -3.3
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 7.8 11 69 6.7 -3.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 6.7 39 41 8.4 -1.9
IEUS iShares MSCI Europe Small-Cap ETF 5.8 40 40 7.8 -2.6
DFE WisdomTree Europe SmallCap Dividend Fund 4.8 58 22 8.5 -1.9
EWUS iShares MSCI United Kingdom Small Cap ETF 4.7 59 21 8.7 -1.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 4.1 69 11 8.1 -2.3
VIDI Vident International Equity Fund 3.9 59 21 11.4 +1.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 3.3 45 35 7.1 -3.3
AVDE Avantis International Equity ETF 3.3 23 57 7.7 -2.6
EWGS iShares MSCI Germany Small Cap ETF 3.0 59 21 5.0 -5.4
FYLD Cambria Foreign Shareholder Yield ETF 2.8 59 21 7.1 -3.2
FLKR Franklin FTSE South Korea ETF 2.7 9 71 9.1 -1.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 63 17 13.1 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.5 39 41 6.6 -3.8
ROAM Hartford Multifactor Emerging Markets ETF 2.5 44 36 13.6 +3.2
VPL Vanguard FTSE Pacific ETF 2.3 8 72 7.5 -2.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.3 29 51 11.6 +1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.1 59 21 11.5 +1.2
EWY iShares MSCI South Korea ETF 2.1 59 21 8.7 -1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.1 39 41 7.1 -3.2
XBUY Amplify International Online Retail ETF 2.1 69 11 -0.5 -10.8
FHK First Trust Hong Kong AlphaDEX Fund 2.0 80 0 9.2 -1.2
NORW Global X MSCI Norway ETF 1.9 50 30 9.9 -0.4
ENOR iShares MSCI Norway Capped ETF 1.9 53 27 9.5 -0.8
JPIN JPMorgan Diversified Return International Equity ETF 1.8 37 43 7.9 -2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.8 45 35 14.9 +4.6
SDIV Global X SuperDividend ETF 1.7 59 21 13.9 +3.6
IPAC iShares Core MSCI Pacific ETF 1.7 9 71 7.1 -3.2
ISDX Invesco Strategic Developed ex-US ETF 1.7 23 57 7.5 -2.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.7 58 22 7.9 -2.5
FLM First Trust Global Engineering & Construction ETF 1.7 70 10 9.3 -1.1
PBD Invesco Global Clean Energy ETF 1.6 75 5 2.0 -8.3
IPKW Invesco International BuyBack Achievers ETF 1.6 55 25 8.6 -1.8
DXJ WisdomTree Japan Hedged Equity Fund 1.6 48 32 7.9 -2.4
DRW WisdomTree Global ex-US Real Estate Fund 1.6 58 22 11.1 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 1.5 5 75 7.3 -3.1
FILL iShares MSCI Global Energy Producers ETF 1.5 39 41 7.6 -2.8
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 10 10.1 -0.3
IEFA iShares Core MSCI EAFE ETF 1.5 7 73 7.3 -3.0
VEA Vanguard FTSE Developed Markets ETF 1.5 5 75 7.5 -2.9
ISRA VanEck Vectors Israel ETF 1.4 62 18 6.7 -3.6
IVAL Alpha Architect International Quantitative Value ETF 1.3 59 21 10.4 +0.0
FRAK VanEck Vectors Unconventional Oil & Gas ETF 1.3 54 26 2.1 -8.3
EIS iShares MSCI Israel ETF 1.3 59 21 9.0 -1.4
WPS iShares International Developed Property ETF 1.3 48 32 7.9 -2.5
IXUS ishares Core MSCI Total International Stock ETF 1.3 9 71 7.5 -2.9
AVEM Avantis Emerging Markets Equity ETF 1.3 33 47 9.3 -1.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 1.2 9 71 7.5 -2.9
IQIN IQ 500 International ETF 1.2 25 55 8.8 -1.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.2 24 56 7.1 -3.3
GQRE FlexShares Global Quality Real Estate Index Fund 1.2 45 35 6.7 -3.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.2 10 70 9.3 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.1 32 48 9.3 -1.0
VNQI Vanguard Global ex-US Real Estate Index Fund 1.1 12 68 10.3 -0.0
VXUS Vanguard Total International Stock Index Fund 1.1 8 72 7.6 -2.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 10 2.4 -8.0
SPDW SPDR Portfolio Developed World ex-US ETF 0.9 4 76 7.2 -3.2
PSP Invesco Global Listed Private Equity ETF 0.9 158 -78 6.0 -4.4
DWM WisdomTree International Equity Fund 0.9 48 32 8.4 -1.9
IMOM Alpha Architect International Quantitative Momentum ETF 0.9 59 21 3.3 -7.0
EDOC Global X Telemedicine & Digital Health ETF 0.9 68 12 0.7 -9.6
GAMR ETFMG Video Game Tech ETF 0.9 75 5 2.4 -8.0
FNDF Schwab Fundamental International Large Co. Index ETF 0.9 25 55 8.9 -1.4
FLJP Franklin FTSE Japan ETF 0.9 9 71 7.4 -2.9
FLJH Franklin FTSE Japan Hedged ETF 0.9 9 71 7.4 -3.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.9 29 51 7.7 -2.6
SCID Global X Scientific Beta Europe ETF 0.9 39 41 6.5 -3.9
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 0.9 30 50 0.0 -10.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.9 45 35 8.9 -1.5
RWX SPDR Dow Jones International Real Estate ETF 0.9 59 21 6.8 -3.6
DVEM WisdomTree Emerging Markets Dividend Fund 0.8 32 48 7.5 -2.8
FKO First Trust South Korea AlphadDEX Fund 0.8 80 0 10.3 -0.1
COPX Global X Copper Miners ETF 0.8 65 15 6.4 -3.9
ENZL iShares MSCI New Zealand Capped ETF 0.8 50 30 3.0 -7.4
IEUR iShares Core MSCI Europe ETF 0.8 9 71 7.3 -3.0
GFIN Goldman Sachs Motif Finance Reimagined ETF 0.8 50 30 5.4 -5.0
JPXN iShares JPX-Nikkei 400 ETF 0.8 48 32 7.0 -3.3
EDEN iShares MSCI Denmark Capped ETF 0.8 53 27 6.2 -4.1
CROP IQ Global Agribusiness Small Cap ETF 0.8 76 4 0.0 -10.3
ICLN iShares Global Clean Energy ETF 0.8 46 34 2.6 -7.7
ECNS iShares MSCI China Small-Cap ETF 0.8 59 21 12.0 +1.6
GRES IQ Global Resources ETF 0.8 78 2 7.3 -3.0
FCAN First Trust Canada AlphaDex Fund 0.8 80 0 4.4 -5.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.7 45 35 9.3 -1.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.7 95 -15 8.5 -1.9
VGK Vanguard FTSE Europe ETF 0.7 8 72 7.5 -2.8

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 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 7.4 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 10.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.57
 
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.