First Trust Emerging Markets AlphaDEX Fund
ALTAR
Score™
12.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.9x P/Sales
ratio
0.8x
P/BV
ratio
0.9x Div.
yield
3.3%


  • 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) $458
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) $10,392
Large cap (>$10bn) 27.6%
Mid cap ($2-10bn) 66.8%
Small cap (<$2bn) 1.3%
Developed mkts 19.9%
Emerging mkts 80.1%

TOP TEN HOLDINGS
GOLD FIELDS LTD 1.7 %
KGHM POLSKA MIEDZ S.A. 1.6 %
ZHONGSHENG GROUP HOLDINGS 1.5 %
COUNTRY GARDEN SERVICES HOLDINGS C 1.3 %
PETROBRAS - PETROLEO BRAS-PR 1.3 %
CHINA NATIONAL BUILDING MA-H 1.3 %
PING AN HEALTHCARE AND TECHNOLOGY 1.2 %
CENTRAIS ELETRICAS BRAS-PR B 1.2 %
CHINA LIANSU GROUP HOLDINGS 1.2 %
ASELSAN ELEKTRONIK SANAYI 1.2 %
Total 13.5 %

TOP COUNTRY EXPOSURE
CHINA 32.2 %
HONG KONG 12.1 %
TAIWAN 8.0 %
BRAZIL 7.9 %
POLAND 5.3 %
RUSSIA 5.3 %
TURKEY 4.3 %
MEXICO 3.7 %
SOUTH AFRICA 3.3 %
THAILAND 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.8% -3.3% 4.7% -- -0.4%

Market Correlations
versus... Beta R-squared
S&P500 1.10 66%
MSCI EAFE 1.33 81%
MSCI Emg. Mkts. 1.10 90%

Technical Indicators
Recent close $23.65
30d moving avg. $22.52
Annualized volatility 23.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 116
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $4,794

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 12.5%


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 32.1 80 0 13.4 +0.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 21.9 45 35 13.0 +0.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 19.0 50 30 10.2 -2.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 18.8 45 35 8.6 -3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 16.9 48 32 9.2 -3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 15.2 44 36 8.8 -3.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 15.0 51 29 13.9 +1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.6 32 48 8.8 -3.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 14.4 64 16 4.5 -8.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 14.4 39 41 12.7 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 13.7 50 30 13.2 +0.6
PIE Invesco DWA Emerging Markets Momentum ETF 13.6 90 -10 4.5 -8.1
RNEM Emerging Markets Equity Select ETF 13.5 75 5 11.6 -0.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.5 49 31 7.7 -4.8
ROAM Hartford Multifactor Emerging Markets ETF 13.5 44 36 14.5 +2.0
ISEM Invesco Strategic Emerging Markets ETF 13.4 35 45 10.2 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 13.3 29 51 6.2 -6.4
FLN First Trust Latin America AlphaDEX Fund 13.3 80 0 7.4 -5.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 12.3 95 -15 9.0 -3.5
DVEM WisdomTree Emerging Markets Dividend Fund 11.7 32 48 8.1 -4.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.5 70 10 13.2 +0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.5 45 35 7.7 -4.8
JHEM John Hancock Multifactor Emerging Markets ETF 10.8 49 31 8.2 -4.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.5 29 51 9.9 -2.7
FLLA Franklin FTSE Latin America ETF 10.3 19 61 6.6 -5.9
DEM WisdomTree Emerging Markets High Dividend Fund 10.1 63 17 14.1 +1.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 10.0 15 65 8.4 -4.2
DVYE iShares Emerging Markets Dividend ETF 9.8 49 31 16.6 +4.1
ESGE iShares ESG MSCI EM ETF 9.8 25 55 8.4 -4.2
BKF iShares MSCI BRIC ETF 9.7 69 11 7.2 -5.4
SCHE Schwab Emerging Markets Equity ETF 9.7 11 69 7.7 -4.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 9.6 65 15 7.3 -5.3
EEM iShares MSCI Emerging Markets ETF 9.5 68 12 7.2 -5.4
EMXC iShares MSCI Emerging Markets ex China ETF 9.4 25 55 8.0 -4.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 9.2 30 50 8.5 -4.0
VWO Vanguard FTSE Emerging Markets ETF 9.1 10 70 7.8 -4.7
CHII Global X China Industrials ETF 8.8 66 14 11.3 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 8.7 13 67 7.7 -4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.6 36 44 7.9 -4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 8.5 30 50 7.6 -4.9
SPEM SPDR Portfolio Emerging Markets ETF 8.4 11 69 7.7 -4.9
MCHI iShares MSCI China ETF 8.3 59 21 7.5 -5.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.3 60 20 10.4 -2.1
OBOR KraneShares MSCI One Belt One Road Index ETF 8.3 79 1 8.8 -3.7
FLCH Franklin FTSE China ETF 8.2 19 61 8.0 -4.6
EYLD Cambria Emerging Shareholder Yield ETF 8.2 66 14 17.0 +4.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.0 49 31 7.6 -5.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.9 59 21 10.8 -1.7
GMF SPDR S&P Emerging Asia Pacific ETF 7.9 49 31 7.1 -5.5
AVEM Avantis Emerging Markets Equity ETF 7.8 33 47 8.6 -3.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.4 45 35 9.4 -3.1
EEMA iShares MSCI Emerging Markets Asia ETF 7.4 50 30 7.3 -5.3
EWZ iShares MSCI Brazil Capped ETF 7.3 59 21 4.6 -8.0
GXC SPDR S&P China ETF 7.2 59 21 7.7 -4.8
FLBR Franklin FTSE Brazil ETF 7.2 19 61 5.1 -7.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.2 32 48 6.0 -6.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.1 20 60 6.5 -6.0
SDEM Global X SuperDividend Emerging Markets ETF 7.1 66 14 16.1 +3.6
NUEM Nuveen ESG Emerging Markets Equity ETF 7.0 45 35 6.9 -5.7
EWT iShares MSCI Taiwan ETF 6.9 59 21 5.5 -7.0
VIDI Vident International Equity Fund 6.9 59 21 11.2 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 6.8 11 69 8.2 -4.3
FXI iShares China Large-Cap ETF 6.7 74 6 13.0 +0.4
EMFM Global X MSCI Next Emerging & Frontier ETF 6.6 66 14 9.1 -3.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 6.5 68 12 6.9 -5.7
FLAX Franklin FTSE Asia Ex Japan ETF 6.3 19 61 7.5 -5.0
FLTW Franklin FTSE Taiwan ETF 6.2 19 61 6.0 -6.6
KALL KraneShares FTSE Emerging Markets Plus ETF 6.0 49 31 7.8 -4.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.9 50 30 20.9 +8.4
EDIV SPDR S&P Emerging Markets Dividend ETF 5.8 49 31 11.1 -1.4
CN Xtrackers MSCI All China Equity ETF 5.7 50 30 7.8 -4.7
FBZ First Trust Brazil AlphaDEX Fund 5.7 80 0 6.4 -6.1
KMED KraneShares Emerging Markets Healthcare Index ETF 5.6 79 1 1.9 -10.7
CHIH Global X MSCI China Health Care ETF 5.5 66 14 3.3 -9.3
KURE KraneShares MSCI All China Health Care Index ETF 5.3 65 15 2.5 -10.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 5.3 25 55 7.7 -4.9
EPOL iShares MSCI Poland Capped ETF 5.2 59 21 10.2 -2.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.2 40 40 7.1 -5.5
ECON Columbia Emerging Markets Consumer ETF 4.9 59 21 4.4 -8.2
CHIQ Global X China Consumer ETF 4.9 65 15 6.7 -5.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.9 32 48 5.8 -6.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 4.9 29 51 12.2 -0.4
FPXI First Trust International Equity Opportunities ETF 4.8 70 10 3.1 -9.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 4.7 20 60 11.1 -1.4
DWCR Arrow DWA Country Rotation ETF 4.7 95 -15 13.7 +1.2
FLRU Franklin FTSE Russia ETF 4.7 19 61 19.3 +6.7
GVAL Cambria Global Value ETF 4.5 69 11 11.4 -1.2
ACWF iShares FactorSelect MSCI Global ETF 4.4 35 45 7.7 -4.9
XCEM Columbia EM Core ex-China ETF 4.3 16 64 7.2 -5.4
PEK VanEck Vectors ChinaAMC CSI 300 ETF 4.1 60 20 6.9 -5.6
BICK First Trust BICK Index Fund 4.0 64 16 4.4 -8.1
PICK iShares MSCI Global Metals & Mining Producers ETF 4.0 39 41 6.7 -5.8
FILL iShares MSCI Global Energy Producers ETF 3.9 39 41 6.5 -6.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.8 47 33 12.6 +0.1
ILF iShares Latin America 40 ETF 3.8 48 32 6.8 -5.8
KWEB KraneShares CSI China Internet ETF 3.8 76 4 1.7 -10.9
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 33 12.2 -0.3

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 11.8 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 12.5 %
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.