First Trust Emerging Markets AlphaDEX Fund
ALTAR
Score™
12.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
9.6x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
4.1%


  • 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 19, 2011
Assets (mns) $412
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 149
Wgt avg mkt cap (mns) $9,483
Large cap (>$10bn) 21.9%
Mid cap ($2-10bn) 76.1%
Small cap (<$2bn) 0.8%
Developed mkts 21.3%
Emerging mkts 78.7%

TOP TEN HOLDINGS
ZHONGSHENG GROUP HOLDINGS 1.5 %
FEDERAL GRID CO UNIFIED 1.3 %
PTT EXPLORATION & PRODUCTION PLC(A 1.3 %
GOLD FIELDS LTD 1.3 %
PETROBRAS - PETROLEO BRAS-PR 1.3 %
BIM BIRLESIK MAGAZALAR AS 1.2 %
ASELSAN ELEKTRONIK SANAYI 1.2 %
COUNTRY GARDEN SERVICES HOLDINGS C 1.1 %
POLSKI KONCERN NAFTOWY SA 1.1 %
ALIBABA HEALTH INFORMATION TECHNOL 1.1 %
Total 12.5 %

TOP COUNTRY EXPOSURE
CHINA 28.4 %
HONG KONG 13.2 %
TAIWAN 8.4 %
BRAZIL 7.1 %
RUSSIA 6.0 %
POLAND 4.8 %
TURKEY 4.7 %
MEXICO 4.2 %
SOUTH AFRICA 2.8 %
INDONESIA 2.2 %

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.
-26.8% -19.2% -2.3% -- -2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.09 62%
MSCI EAFE 1.32 80%
MSCI Emg. Mkts. 1.14 91%

Technical Indicators
Recent close $19.88
30d moving avg. $19.27
Annualized volatility 23.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 319
Turnover 1.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $3,790

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 12.4%


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 28.0 80 0 15.9 +3.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 18.9 50 30 10.6 -1.9
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 18.4 45 35 14.3 +1.9
EMMF WisdomTree Emerging Markets Multifactor Fund 17.7 48 32 10.4 -2.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 16.2 51 29 14.3 +1.9
PIE Invesco DWA Emerging Markets Momentum ETF 16.0 90 -10 6.1 -6.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 15.9 45 35 10.4 -2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.5 45 35 9.4 -3.0
ISEM Invesco Strategic Emerging Markets ETF 15.3 35 45 11.1 -1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.8 39 41 14.0 +1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.6 32 48 10.1 -2.3
RNEM Emerging Markets Equity Select ETF 14.0 75 5 11.2 -1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 14.0 50 30 14.6 +2.2
ROAM Hartford Multifactor Emerging Markets ETF 13.6 44 36 15.9 +3.5
EEMO Invesco S&P Emerging Markets Momentum ETF 13.4 30 50 7.6 -4.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.3 49 31 9.6 -2.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 13.0 64 16 5.8 -6.6
FLN First Trust Latin America AlphaDEX Fund 12.6 80 0 8.8 -3.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 12.4 70 10 13.7 +1.3
DVEM WisdomTree Emerging Markets Dividend Fund 11.4 32 48 9.6 -2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.2 45 35 9.1 -3.3
JHEM John Hancock Multifactor Emerging Markets ETF 11.0 55 25 9.5 -2.9
DEM WisdomTree Emerging Markets High Dividend Fund 10.7 63 17 14.9 +2.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 10.6 32 48 8.0 -4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.5 29 51 10.3 -2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 10.2 14 66 10.1 -2.3
BKF iShares MSCI BRIC ETF 10.1 69 11 9.0 -3.4
SCHE Schwab Emerging Markets Equity ETF 10.0 13 67 9.2 -3.2
FLLA Franklin FTSE Latin America ETF 9.9 19 61 7.6 -4.9
EEM iShares MSCI Emerging Markets ETF 9.7 68 12 8.8 -3.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.6 65 15 8.9 -3.5
VWO Vanguard FTSE Emerging Markets ETF 9.5 10 70 9.4 -3.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.5 95 -15 10.9 -1.5
ESGE iShares ESG MSCI EM ETF 9.0 25 55 10.3 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 9.0 14 66 9.3 -3.2
EMXC iShares MSCI Emerging Markets ex China ETF 9.0 49 31 8.9 -3.5
MCHI iShares MSCI China ETF 8.8 59 21 9.6 -2.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 8.7 30 50 9.8 -2.6
SPEM SPDR Portfolio Emerging Markets ETF 8.6 11 69 9.1 -3.3
FLCH Franklin FTSE China ETF 8.6 19 61 9.7 -2.7
EYLD Cambria Emerging Shareholder Yield ETF 8.6 66 14 17.8 +5.4
GMF SPDR S&P Emerging Asia Pacific ETF 8.4 49 31 8.5 -3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 8.3 59 21 11.8 -0.6
CHII Global X China Industrials ETF 8.3 66 14 12.7 +0.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.2 60 20 11.1 -1.3
OBOR KraneShares MSCI One Belt One Road Index ETF 8.1 79 1 10.4 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.1 49 31 8.9 -3.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.9 45 35 10.4 -2.0
AVEM Avantis Emerging Markets Equity ETF 7.8 33 47 10.1 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.6 30 50 9.3 -3.2
GXC SPDR S&P China ETF 7.5 59 21 9.4 -3.0
EEMA iShares MSCI Emerging Markets Asia ETF 7.5 50 30 9.0 -3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.2 32 48 7.3 -5.1
DVYE iShares Emerging Markets Dividend ETF 7.1 49 31 13.6 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.0 20 60 8.1 -4.4
VIDI Vident International Equity Fund 7.0 59 21 12.6 +0.2
EWT iShares MSCI Taiwan ETF 6.9 59 21 6.7 -5.7
SDEM Global X SuperDividend Emerging Markets ETF 6.8 67 13 23.7 +11.3
FBZ First Trust Brazil AlphaDEX Fund 6.8 80 0 6.3 -6.1
KALL KraneShares FTSE Emerging Markets Plus ETF 6.6 49 31 9.6 -2.8
FXI iShares China Large-Cap ETF 6.6 74 6 14.2 +1.8
FLTW Franklin FTSE Taiwan ETF 6.5 19 61 7.0 -5.4
FLAX Franklin FTSE Asia Ex Japan ETF 6.5 19 61 9.1 -3.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.4 68 12 8.5 -3.9
FLBR Franklin FTSE Brazil ETF 6.4 19 61 6.0 -6.4
EDIV SPDR S&P Emerging Markets Dividend ETF 6.2 49 31 12.2 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 6.2 45 35 8.2 -4.2
EMFM Global X MSCI Next Emerging & Frontier ETF 6.2 55 25 9.2 -3.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.2 50 30 22.1 +9.7
EWZ iShares MSCI Brazil Capped ETF 6.1 59 21 5.4 -7.0
CN Xtrackers MSCI All China Equity ETF 6.1 50 30 9.9 -2.5
DOGS Arrow Dogs of the World ETF 5.7 134 -54 11.7 -0.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 5.7 25 55 8.9 -3.5
DWCR Arrow DWA Country Rotation ETF 5.5 95 -15 18.5 +6.1
AXJL WisdomTree Asia Pacific ex-Japan Fund 5.2 48 32 10.1 -2.3
FLRU Franklin FTSE Russia ETF 5.2 19 61 19.9 +7.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 5.2 29 51 13.0 +0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 5.1 20 60 11.6 -0.8
ECON Columbia Emerging Markets Consumer ETF 5.1 59 21 5.2 -7.3
XCEM Columbia EM Core ex-China ETF 4.9 16 64 8.3 -4.1
GVAL Cambria Global Value ETF 4.9 69 11 12.2 -0.2
EPOL iShares MSCI Poland Capped ETF 4.8 61 19 10.2 -2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.7 47 33 14.5 +2.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.7 32 48 7.4 -5.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.5 40 40 8.1 -4.3
CHIQ Global X China Consumer ETF 4.4 65 15 10.1 -2.3
CHIE Global X China Energy ETF 4.2 66 14 11.5 -0.9
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 4.2 45 35 8.9 -3.5
WCHN WisdomTree ICBCCS S&P China 500 Fund 4.2 55 25 9.3 -3.1
TUR iShares MSCI Turkey ETF 4.2 59 21 19.1 +6.7
ACWF iShares FactorSelect MSCI Global ETF 4.1 35 45 8.4 -4.0
PICK iShares MSCI Global Metals & Mining Producers ETF 4.0 39 41 8.2 -4.2
KMED KraneShares Emerging Markets Healthcare Index ETF 4.0 79 1 2.6 -9.8
FPXI First Trust International Equity Opportunities ETF 3.9 70 10 3.0 -9.4
FLMX Franklin FTSE Mexico ETF 3.9 19 61 10.3 -2.1
CHIH Global X MSCI China Health Care ETF 3.8 65 15 4.2 -8.2
KURE KraneShares MSCI All China Health Care Index ETF 3.8 65 15 3.5 -8.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 3.8 47 33 13.4 +1.0
FILL iShares MSCI Global Energy Producers ETF 3.8 39 41 6.5 -5.9
FLZA Franklin FTSE South Africa ETF 3.7 19 61 12.4 -0.0

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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