First Trust Emerging Markets AlphaDEX
ALTAR
Score™
9.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
10.4x P/Sales
ratio
0.7x
P/BV
ratio
1.2x 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 19, 2011
Assets (mns) $691
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) $12,025
Large cap (>$10bn) 22.9%
Mid cap ($2-10bn) 74.7%
Small cap (<$2bn) 1.9%
Developed mkts 10.7%
Emerging mkts 89.3%

TOP TEN HOLDINGS
IMPALA PLATINUM HOLDINGS LTD 1.6 %
INTER RAO JSC 1.3 %
TIM PARTICIPACOES S.A. 1.3 %
TATA STEEL LIMITED 1.3 %
ZOOMLION HEAVY INDUSTRY - H 1.3 %
SUL AMERICA SA - UNITS 1.3 %
EREGLI DEMIR VE CELIK FABRIK 1.3 %
KGHM POLSKA MIEDZ S.A. 1.3 %
ZHONGSHENG GROUP HOLDINGS 1.2 %
EQUATORIAL ENERGIA SA - ORD 1.1 %
Total 12.9 %

TOP COUNTRY EXPOSURE
CHINA 25.1 %
BRAZIL 19.5 %
TURKEY 8.7 %
HONG KONG 7.4 %
SOUTH AFRICA 5.3 %
INDIA 5.1 %
RUSSIA 4.6 %
TAIWAN 4.6 %
POLAND 4.4 %
MEXICO 2.5 %

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.
20.5% 20.5% 7.4% -- 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.89 40%
MSCI EAFE 1.22 62%
MSCI Emg. Mkts. 1.09 85%

Technical Indicators
Recent close $27.59
30d moving avg. $26.03
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 80

Liquidity measures
Avg. volume (thou.) 168
Turnover 0.7%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $3,819

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Emerging Markets AlphaDEX 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™: 9.8%


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
(%)
FLN First Trust Latin America AlphaDEX 23.2 80 0 4.9 -4.8
FCA First Trust China AlphaDEX 22.8 80 0 11.3 +1.6
EMGF iShares Edge MSCI Multifactor Emerging Markets 20.7 45 35 9.1 -0.7
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 20.6 45 35 12.4 +2.6
EMMF WisdomTree Emerging Markets Multifactor Fund 18.3 48 32 8.6 -1.1
FBZ First Trust Brazil AlphaDEX 17.7 80 0 6.8 -3.0
CEZ Victory CEMP Emerging Market Volatility Weighted 17.6 50 30 8.6 -1.2
EEMO Invesco S&P Emg Mkts Momentum 17.3 30 50 7.5 -2.3
PXH Invesco FTSE-RAFI Emerging Markets 16.7 50 30 11.4 +1.7
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 16.6 45 35 8.3 -1.5
FLLA Franklin FTSE Latin America 16.4 19 61 5.7 -4.1
DGRE WisdomTree Emg Mkt Dividend Growth 16.1 32 48 8.3 -1.5
FLBR Franklin FTSE Brazil 15.6 19 61 5.1 -4.6
EMEM Virtus Glovista Emerging Markets 15.4 67 13 8.6 -1.1
EWZ iShares MSCI Brazil 15.2 59 21 4.8 -4.9
ECOW Pacer Emerging Markets Cash Cows 100 14.7 70 10 9.9 +0.1
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 14.7 50 30 12.5 +2.7
ROAM Hartford Multifactor Emerging Markets 14.2 44 36 10.5 +0.8
ISEM Invesco Strategic Emerging Markets 14.0 35 45 9.1 -0.7
FNDE Schwab Fundamental Emg Mkt Large Cap 13.7 39 41 10.3 +0.5

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

  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

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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 Emerging Markets AlphaDEX
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 11.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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