First Trust Emerging Markets Small Cap AlphaDEX Fund
ALTAR
Score™		 11.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.0x P/Sales
ratio		 0.7x
P/BV
ratio		 1.1x Div.
yield		 4.4%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 15, 2012
Assets (mns) $265
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 224
Wgt avg mkt cap (mns) $1,911
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 33.7%
Small cap (<$2bn) 64.0%
Developed mkts 15.2%
Emerging mkts 84.8%

TOP TEN HOLDINGS
CHINA ZHONGWANG HOLDINGS LTD 3.1 %
EZCONN CORPORATION 2.1 %
WINWAY TECHNOLOGY CO., LTD. 2.0 %
ENERGI MEGA PERSADA TBK PT 1.5 %
JHSF PARTICIPACOES SA 1.5 %
THUNGELA RESOURCES LTD 1.3 %
DYNAMIC HOLDING CO., LTD. 1.2 %
ITEQ CORP 1.1 %
BRADESPAR SA -PREF 1.1 %
MOVIDA PARTICIPACOES SA 1.1 %
Total 16.2 %

TOP COUNTRY EXPOSURE
CHINA 17.9 %
BRAZIL 14.5 %
TAIWAN 9.5 %
INDONESIA 7.7 %
TURKEY 6.3 %
SOUTH AFRICA 6.0 %
THAILAND 4.7 %
CHILE 2.1 %
MEXICO 1.9 %
POLAND 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.9% 28.5% 5.7% 9.1% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.62 44%
MSCI EAFE 0.78 61%
MSCI Emg. Mkts. 0.73 70%

Technical Indicators
Recent close $47.76
30d moving avg. $45.28
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.6%
Bid/Ask (% of price) 0.93%
ADV underlying (mns) $1,234

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 189 potential alternatives to the First Trust Emerging Markets Small Cap AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FEMS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEMS Expense: 80 bp ALTAR Score™: 11.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEMS
Ticker Fund
Name		 Overlap1
vs FEMS
(%)		 Expense
ratio
(bp)		 Savings
vs FEMS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FEMS
(%)
ECNS iShares MSCI China Small-Cap ETF 11.3 59 21 8.1 -3.1
EWZS iShares MSCI Brazil Small-Cap ETF 10.3 59 21 9.7 -1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.8 58 22 8.4 -2.9
SDIV Global X Superdividend ETF 9.4 58 22 13.0 +1.8
DVYE iShares Emerging Markets Dividend ETF 9.2 49 31 16.8 +5.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 8.8 70 10 6.5 -4.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 8.6 42 38 7.6 -3.6
EWX SPDR S&P Emerging Markets Small Cap ETF 6.6 65 15 6.6 -4.6
EIDO iShares MSCI Indonesia ETF 6.3 59 21 8.2 -3.1
IDX VanEck Indonesia Index ETF 5.7 57 23 7.4 -3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.5 59 21 8.8 -2.4
TUR iShares MSCI Turkey ETF 4.9 58 22 11.7 +0.5
EYLD Cambria Emerging Shareholder Yield ETF 4.8 66 14 9.4 -1.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.8 90 -10 4.0 -7.2
AVES Avantis Emerging Markets Value ETF 4.1 36 44 9.0 -2.3
DEM WisdomTree Emerging Markets High Dividend Fund 3.6 63 17 10.7 -0.5
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.5 45 35 9.4 -1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.3 44 36 9.1 -2.1
VIDI Vident International Equity Strategy ETF 3.0 61 19 8.4 -2.9
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.9 33 47 6.6 -4.7
DFEV Dimensional Emerging Markets Value ETF 2.9 43 37 10.1 -1.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.4 38 42 7.3 -4.0
AVSE Avantis Responsible Emerging Markets Equity ETF 2.4 33 47 7.1 -4.2
JIVE JPMorgan International Value ETF 2.4 55 25 8.4 -2.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.4 53 27 5.5 -5.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.3 70 10 9.0 -2.3
GVAL Cambria Global Value ETF 2.3 68 12 8.8 -2.5
AVEM Avantis Emerging Markets Equity ETF 2.3 33 47 7.4 -3.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.2 8 72 6.3 -5.0
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 48 6.0 -5.2
ECH iShares MSCI Chile ETF 2.0 58 22 7.0 -4.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 20 9.8 -1.4
EWW iShares MSCI Mexico ETF 1.9 50 30 7.8 -3.5
EPOL iShares MSCI Poland ETF 1.9 59 21 8.9 -2.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 30 8.6 -2.7
CGV Conductor Global Equity Value ETF 1.9 130 -50 7.4 -3.9
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 65 5.9 -5.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -15 10.4 -0.8
EPHE iShares MSCI Philippines ETF 1.7 59 21 0.0 -11.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 39 7.1 -4.2
EMGF iShares Emerging Markets Equity Factor ETF 1.5 25 55 9.4 -1.8
FLLA Franklin FTSE Latin America ETF 1.5 19 61 9.4 -1.9
EDIV SPDR S&P Emerging Markets Dividend ETF 1.5 49 31 8.9 -2.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.5 39 41 13.7 +2.4
GOEX Global X Gold Explorers ETF 1.5 65 15 1.7 -9.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -8 8.3 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.5 25 55 10.7 -0.6
FLMX Franklin FTSE Mexico ETF 1.4 19 61 8.2 -3.1
RNEM First Trust Emerging Markets Equity Select ETF 1.3 75 5 7.7 -3.6
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 73 9.2 -2.0
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 71 8.5 -2.7
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 45 7.3 -4.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 1 6.9 -4.3
CUT Invesco MSCI Global Timber ETF 1.3 61 19 8.0 -3.2
WOOD iShares Global Timber & Forestry ETF 1.3 42 38 10.8 -0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.3 32 48 13.3 +2.0
RING iShares MSCI Global Gold Miners ETF 1.3 39 41 2.9 -8.4
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 31 13.5 +2.3
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 36 8.0 -3.3
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 73 9.6 -1.7
GXC SPDR S & P China ETF 1.0 59 21 17.6 +6.3
BLDG Cambria Global Real Estate ETF 0.9 60 20 11.5 +0.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 70 8.1 -3.2
VEXC Vanguard Emerging Markets Ex-China ETF 0.9 7 73 5.9 -5.3
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 22 5.1 -6.1
NIKL Sprott Nickel Miners ETF 0.8 75 5 7.1 -4.2
FLTW Franklin FTSE Taiwan ETF 0.8 19 61 4.4 -6.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 50 6.4 -4.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 68 8.2 -3.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.8 45 35 -0.9 -12.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 31 9.0 -2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.8 58 22 3.5 -7.7
SCHE Schwab Emerging Markets Equity ETF 0.7 11 69 9.5 -1.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.7 29 51 8.5 -2.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 6.0 -5.3
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 33 4.7 -6.5
SGDJ Sprott Junior Gold Miners ETF 0.7 50 30 1.8 -9.4
FLBR Franklin FTSE Brazil ETF 0.6 19 61 10.0 -1.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.6 32 48 7.8 -3.4
EZA iShares MSCI South Africa ETF 0.6 58 22 8.1 -3.2
SETM Sprott Energy Transition Materials ETF 0.6 65 15 1.5 -9.8
SMIN iShares MSCI India Small Cap ETF 0.6 79 1 3.5 -7.8
EWZ iShares MSCI Brazil ETF 0.6 58 22 9.0 -2.3
ICLN iShares Global Clean Energy ETF 0.6 41 39 1.9 -9.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 11 2.0 -9.3
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 7.2 -4.1
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 10 6.7 -4.6
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 41 7.9 -3.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 47 7.1 -4.2
KGRN KraneShares MSCI China Clean Technology Index ETF 0.5 79 1 2.9 -8.4
EMMF WisdomTree Emerging Markets Multifactor Fund 0.5 48 32 9.0 -2.3
AVRE Avantis Real Estate ETF 0.4 17 63 6.8 -4.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 39 5.2 -6.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 69 8.3 -3.0
AFK VanEck Africa Index ETF 0.4 98 -18 10.3 -0.9
BRAZ Global X Brazil Active ETF 0.4 75 5 8.6 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 8 2.1 -9.2
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 73 6.7 -4.6
FRDM Freedom 100 Emerging Markets ETF 0.4 49 31 5.9 -5.4
VSGX Vanguard ESG International Stock ETF 0.4 10 70 6.8 -4.5
BCOR Grayscale Bitcoin Adopters ETF 0.4 59 21 2.0 -9.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 44 8.0 -3.3
GLOF iShares Global Equity Factor ETF 0.4 20 60 5.8 -5.4
VXUS Vanguard Total International Stock ETF 0.4 5 75 6.7 -4.5
CGW Invesco S&P Global Water Index ETF 0.4 57 23 4.2 -7.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 51 7.5 -3.8
CGGO Capital Group Global Growth Equity ETF 0.4 47 33 4.4 -6.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 35 8.5 -2.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.3 55 25 5.7 -5.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 61 7.6 -3.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 18 3.0 -8.3
LDEM iShares ESG MSCI EM Leaders ETF 0.3 17 63 12.2 +1.0
SCHC Schwab International Small-Cap Equity ETF 0.3 11 69 6.5 -4.7
DFGR Dimensional Global Real Estate ETF 0.3 22 58 7.1 -4.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 45 11.5 +0.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 31 7.9 -3.3
FLCH Franklin FTSE China ETF 0.3 19 61 16.8 +5.5
VYMI Vanguard International High Dividend Yield ETF 0.3 17 63 8.0 -3.3
CQQQ Invesco China Technology ETF 0.3 70 10 15.9 +4.7
SOCL Global X Social Media ETF 0.3 65 15 12.7 +1.5
AQWA Global X Clean Water ETF 0.3 50 30 4.6 -6.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 31 4.6 -6.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 41 6.7 -4.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 41 8.0 -3.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 9.3 -2.0
JETS U.S. Global Jets ETF 0.2 60 20 2.7 -8.6
GINN Goldman Sachs Innovate Equity ETF 0.2 52 28 4.0 -7.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.4 -2.9
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 57 7.2 -4.1
XCEM Columbia EM Core ex-China ETF 0.2 16 64 5.3 -5.9
INTF iShares International Equity Factor ETF 0.2 15 65 6.4 -4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 76 6.8 -4.4
ARVR First Trust Indxx Metaverse ETF 0.2 70 10 4.3 -7.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 19 1.5 -9.8
HERO Global X Video Games & Esports ETF 0.2 50 30 5.8 -5.5
NERD Roundhill Video Games ETF 0.2 50 30 7.7 -3.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 19 -0.7 -12.0
AUAU Global X Gold Miners ETF 0.2 35 45 2.1 -9.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 50 8.0 -3.3
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 55 5.5 -5.7
TBLU Tortoise Global Water ESG ETF 0.2 40 40 4.2 -7.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 31 6.0 -5.3
VT Vanguard Total World Stock ETF 0.1 6 74 5.2 -6.0
REET iShares Global REIT ETF 0.1 14 66 7.1 -4.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 11 8.2 -3.0
EWT iShares MSCI Taiwan ETF 0.1 58 22 4.0 -7.3
IDRV iShares Self-driving EV & Tech ETF 0.1 47 33 1.3 -10.0
PBD Invesco Global Clean Energy ETF 0.1 75 5 0.3 -11.0
EV Mast Global Battery Recycling & Production ETF 0.1 65 15 6.3 -5.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 56 5.7 -5.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 5.1 -6.2
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 55 8.7 -2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 14 7.6 -3.6
FINX Global X FinTech ETF 0.1 68 12 3.2 -8.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 62 6.5 -4.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 34 7.2 -4.0
SHLD Global X Defense Tech ETF 0.1 50 30 2.6 -8.7
CHPX Global X AI Semiconductor & Quantum ETF 0.1 50 30 2.4 -8.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 41 7.0 -4.3
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -9 4.7 -6.6
IGPT Invesco AI and Next Gen Software ETF 0.1 60 20 3.5 -7.8
IPKW Invesco International BuyBack Achievers ETF 0.1 55 25 8.0 -3.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 33 4.9 -6.3
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 15 4.7 -6.6
EPI WisdomTree India Earnings Fund 0.1 85 -5 4.9 -6.3
BKF iShares MSCI BIC ETF 0.1 69 11 13.6 +2.3
IGRO iShares International Dividend Growth ETF 0.1 15 65 6.7 -4.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 50 8.5 -2.8
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 64 7.2 -4.1
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 20 5.1 -6.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 6.0 -5.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 39 6.2 -5.1
VGK Vanguard FTSE Europe ETF 0.0 6 74 6.5 -4.8
SPEU SPDR Portfolio Europe ETF 0.0 7 73 6.4 -4.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 46 6.4 -4.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 50 6.5 -4.7
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 40 6.1 -5.2
DEW WisdomTree Global High Dividend Fund 0.0 58 22 7.3 -4.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 77 6.0 -5.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 55 7.5 -3.7
ECON Columbia Emerging Markets Consumer ETF 0.0 49 31 7.3 -4.0
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 31 8.1 -3.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 35 6.9 -4.4
WSML iShares MSCI World Small-Cap ETF 0.0 15 65 5.5 -5.7
IPAC iShares Core MSCI Pacific ETF 0.0 9 71 5.5 -5.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 10 7.5 -3.8
ACWI iShares MSCI ACWI ETF 0.0 32 48 4.9 -6.4
VPL Vanguard FTSE Pacific ETF 0.0 7 73 5.5 -5.8
IEFA iShares Core MSCI EAFE ETF 0.0 7 73 6.0 -5.2

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 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 12.6 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.52
 
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.