First Trust Emerging Markets AlphaDEX Fund
ALTAR
Score™
13.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.6x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
3.6%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 18, 2011
Assets (mns) $379
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 150
Wgt avg mkt cap (mns) $10,004
Large cap (>$10bn) 28.5%
Mid cap ($2-10bn) 65.4%
Small cap (<$2bn) 2.0%
Developed mkts 19.5%
Emerging mkts 80.5%

TOP TEN HOLDINGS
CHINA COSCO HOLDINGS-H 1.3 %
ZIJIN MINING GROUP CO LTD-H 1.3 %
UNITED MICROELECTRONICS CORP 1.3 %
CHINA HONGQIAO GROUP LTD 1.3 %
SUPERMAX CORP BHD 1.3 %
DONGFENG MOTOR GRP CO LTD-H 1.3 %
IMPALA PLATINUM HOLDINGS LTD 1.2 %
CHINA TELECOM CORP. LTD. CLASS H 1.2 %
UNIMICRON TECHNOLOGY CORP 1.2 %
PTT EXPLORATION & PRODUCTION PLC(A 1.2 %
Total 12.6 %

TOP COUNTRY EXPOSURE
CHINA 39.1 %
HONG KONG 12.1 %
TAIWAN 8.6 %
BRAZIL 7.0 %
SOUTH AFRICA 6.4 %
RUSSIA 4.8 %
TURKEY 4.1 %
MALAYSIA 3.6 %
POLAND 2.5 %
INDIA 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.8% -4.8% 6.9% -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.05 64%
MSCI EAFE 1.29 79%
MSCI Emg. Mkts. 1.10 91%

Technical Indicators
Recent close $21.72
30d moving avg. $22.03
Annualized volatility 23.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 95
Turnover 0.5%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $4,082

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Emerging Markets AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEM Expense: 80 bp ALTAR Score™: 13.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEM
Ticker Fund
Name
Overlap1
vs FEM
(%)
Expense
ratio
(bp)
Savings
vs FEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs FEM
(%)
FCA First Trust China AlphaDEX Fund 28.4 80 0 14.5 +0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 22.9 45 35 14.6 +0.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 17.7 45 35 9.1 -4.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 17.6 50 30 10.4 -3.6
PIE Invesco DWA Emerging Markets Momentum ETF 17.6 90 -10 5.0 -9.0
ISEM Invesco Strategic Emerging Markets ETF 16.2 35 45 10.8 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 15.4 48 32 9.6 -4.3
PXH Invesco FTSE RAFI Emerging Markets ETF 15.1 50 30 13.4 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.1 39 41 13.5 -0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.5 49 31 7.9 -6.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 13.1 44 36 9.2 -4.7
JHEM John Hancock Multifactor Emerging Markets ETF 12.7 49 31 8.7 -5.2
EEMO Invesco S&P Emerging Markets Momentum ETF 12.7 29 51 4.0 -10.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.5 32 48 9.0 -4.9
ROAM Hartford Multifactor Emerging Markets ETF 12.4 44 36 13.2 -0.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 12.2 74 6 13.8 -0.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 12.2 51 29 16.4 +2.5
BKF iShares MSCI BRIC ETF 11.8 69 11 7.3 -6.6
CHII Global X China Industrials ETF 11.2 66 14 12.2 -1.7
EYLD Cambria Emerging Shareholder Yield ETF 11.0 69 11 13.1 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.0 45 35 7.5 -6.4
DVEM WisdomTree Emerging Markets Dividend Fund 10.9 32 48 7.2 -6.7
RNEM Emerging Markets Equity Select ETF 10.8 75 5 11.8 -2.2
SCHE Schwab Emerging Markets Equity ETF 10.5 11 69 7.9 -6.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 10.4 30 50 7.6 -6.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.4 30 50 8.8 -5.2
SPEM SPDR Portfolio Emerging Markets ETF 10.3 11 69 7.7 -6.2
DVYE iShares Emerging Markets Dividend ETF 10.2 49 31 17.2 +3.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 10.0 15 65 8.4 -5.6
EEM iShares MSCI Emerging Markets ETF 10.0 68 12 7.3 -6.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.9 65 15 7.4 -6.6
FLCH Franklin FTSE China ETF 9.9 19 61 8.0 -5.9
EEMA iShares MSCI Emerging Markets Asia ETF 9.9 50 30 7.6 -6.3
FXI iShares China Large-Cap ETF 9.8 74 6 13.1 -0.8
MCHI iShares MSCI China ETF 9.8 59 21 7.5 -6.4
DEM WisdomTree Emerging Markets High Dividend Fund 9.8 63 17 15.2 +1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.7 95 -15 8.0 -5.9
GMF SPDR S&P Emerging Asia Pacific ETF 9.7 49 31 7.0 -6.9
ESGE iShares ESG MSCI EM ETF 9.7 25 55 8.5 -5.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.6 32 48 5.6 -8.3
VWO Vanguard FTSE Emerging Markets ETF 9.5 10 70 8.0 -6.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 9.5 36 44 7.3 -6.7
AVEM Avantis Emerging Markets Equity ETF 9.5 33 47 8.8 -5.1
NUEM Nuveen ESG Emerging Markets Equity ETF 9.3 45 35 6.7 -7.3
GXC SPDR S&P China ETF 9.3 59 21 7.6 -6.3
IEMG iShares Core MSCI Emerging Markets ETF 9.2 13 67 7.8 -6.1
DWCR Arrow DWA Country Rotation ETF 9.1 95 -15 13.7 -0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.9 59 21 11.1 -2.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.6 20 60 6.6 -7.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.4 29 51 10.1 -3.9
FLN First Trust Latin America AlphaDEX Fund 8.4 80 0 7.5 -6.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.2 68 12 7.0 -7.0
BKEM BNY Mellon Emerging Markets Equity ETF 8.1 11 69 8.2 -5.7
VIDI Vident International Equity Fund 8.1 59 21 11.4 -2.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.0 49 31 7.7 -6.2
KALL KraneShares FTSE Emerging Markets Plus ETF 8.0 49 31 7.9 -6.1
FLAX Franklin FTSE Asia Ex Japan ETF 7.9 19 61 7.6 -6.3
EMXC iShares MSCI Emerging Markets ex China ETF 7.9 25 55 8.2 -5.8
OBOR KraneShares MSCI One Belt One Road Index ETF 7.8 79 1 9.0 -4.9
SDEM Global X SuperDividend Emerging Markets ETF 7.7 66 14 18.4 +4.5
BICK First Trust BICK Index Fund 7.5 64 16 4.7 -9.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.5 40 40 7.2 -6.7
CN Xtrackers MSCI All China Equity ETF 7.4 50 30 7.9 -6.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 7.3 50 30 19.4 +5.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 7.2 25 55 8.0 -6.0
FLTW Franklin FTSE Taiwan ETF 7.2 19 61 6.2 -7.8
FLLA Franklin FTSE Latin America ETF 7.0 19 61 6.8 -7.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.6 45 35 8.5 -5.4
EWT iShares MSCI Taiwan ETF 6.5 59 21 6.0 -7.9
FLZA Franklin FTSE South Africa ETF 6.4 19 61 11.1 -2.8
EZA iShares MSCI South Africa ETF 6.4 59 21 7.8 -6.1
EWZ iShares MSCI Brazil Capped ETF 6.3 59 21 4.9 -9.0
FLBR Franklin FTSE Brazil ETF 6.2 19 61 5.4 -8.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 6.0 32 48 11.2 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 5.7 49 31 12.0 -1.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.7 60 20 10.8 -3.2
FBZ First Trust Brazil AlphaDEX Fund 5.7 80 0 7.0 -6.9
ECON Columbia Emerging Markets Consumer ETF 5.6 59 21 4.9 -9.1
ACWF iShares FactorSelect MSCI Global ETF 5.4 35 45 7.9 -6.0
CHIL Global X MSCI China Large-Cap 50 ETF 5.4 29 51 7.5 -6.5
CHIQ Global X China Consumer ETF 5.3 65 15 6.7 -7.2
AIA iShares Asia 50 ETF 5.0 50 30 7.7 -6.2
KGRN KraneShares MSCI China Environment Index ETF 4.9 80 0 7.9 -6.0
CHIM Global X China Materials ETF 4.7 66 14 9.0 -4.9
EMIF iShares Emerging Markets Infrastructure ETF 4.6 60 20 10.5 -3.4
FPXI First Trust International Equity Opportunities ETF 4.6 70 10 2.6 -11.4
EMFM Global X MSCI Next Emerging & Frontier ETF 4.6 66 14 9.1 -4.9
FLRU Franklin FTSE Russia ETF 4.5 19 61 21.4 +7.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 4.5 20 60 11.8 -2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.5 47 33 9.4 -4.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 4.4 29 51 11.7 -2.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.4 47 33 9.3 -4.7
KMED KraneShares Emerging Markets Healthcare Index ETF 4.3 79 1 2.4 -11.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.2 63 17 12.7 -1.2
CARZ First Trust NASDAQ Global Auto Index Fund 4.2 70 10 13.1 -0.8
NXTG First Trust Indxx NextG ETF 4.1 70 10 5.9 -8.0
CHIU Global X MSCI China Utilities ETF 4.0 66 14 10.3 -3.7
VSGX Vanguard ESG International Stock ETF 3.9 17 63 7.1 -6.8
CHIE Global X China Energy ETF 3.9 66 14 12.4 -1.5

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 Emerging Markets 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 11.9 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 13.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.43
 
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.