First Trust Emerging Markets Small Cap AlphaDEX Fund
ALTAR
Score™		 14.3% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 6.2x P/Sales
ratio		 0.4x
P/BV
ratio		 0.8x Div.
yield		 5.1%


  • 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) $325
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 222
Wgt avg mkt cap (mns) $1,587
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 65.2%
Developed mkts 8.7%
Emerging mkts 91.3%

TOP TEN HOLDINGS
ALLIS ELECTRIC CO., LTD. 8.6 %
MAVI GIYIM SANAYI VE TICARET A.S. 1.7 %
L&K ENGINEERING CO LTD 1.1 %
DOGUS OTOMOTIV SERVIS VE TIC 1.0 %
ANADOLU SIGORTA 1.0 %
ANADOLU EFES BIRACILIK VE 0.9 %
C&A MODAS SA 0.9 %
EXXARO RESOURCES LTD 0.9 %
ULKER BISKUVI SANAYI AS 0.9 %
TAV HAVALIMANLARI HOLDING AS 0.9 %
Total 17.8 %

TOP COUNTRY EXPOSURE
TURKEY 18.2 %
BRAZIL 11.0 %
CHINA 10.9 %
TAIWAN 9.7 %
HONG KONG 6.4 %
POLAND 5.4 %
INDONESIA 5.1 %
SOUTH AFRICA 4.8 %
MALAYSIA 4.8 %
INDIA 4.7 %

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.
1.1% 11.2% 7.2% 4.9% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.55 35%
MSCI EAFE 0.72 56%
MSCI Emg. Mkts. 0.77 69%

Technical Indicators
Recent close $38.33
30d moving avg. $37.45
Annualized volatility 16.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.3%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $1,948

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 248 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™: 14.3%


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
(%)
TUR iShares MSCI Turkey ETF 13.7 58 22 18.8 +4.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 12.7 58 22 10.1 -4.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 11.3 90 -10 6.9 -7.3
EEMS iShares MSCI Emerging Markets Small Cap ETF 9.7 70 10 7.3 -7.0
EWX SPDR S&P Emerging Markets Small Cap ETF 9.1 65 15 7.7 -6.5
DVYE iShares Emerging Markets Dividend ETF 8.7 49 31 16.6 +2.3
EWZS iShares MSCI Brazil Small-Cap ETF 8.4 59 21 8.1 -6.2
ECNS iShares MSCI China Small-Cap ETF 8.3 59 21 14.5 +0.2
EYLD Cambria Emerging Shareholder Yield ETF 7.1 66 14 12.2 -2.1
SDIV Global X Superdividend ETF 7.0 58 22 17.7 +3.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 6.7 44 36 10.3 -4.0
BRF VanEck Brazil Small-Cap ETF 6.5 66 14 7.8 -6.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.5 59 21 9.6 -4.7
AVES Avantis Emerging Markets Value ETF 6.5 36 44 12.2 -2.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 5.7 45 35 12.8 -1.5
EPOL iShares MSCI Poland ETF 5.4 59 21 10.4 -3.9
EDIV SPDR S&P Emerging Markets Dividend ETF 5.3 49 31 11.0 -3.3
AVEM Avantis Emerging Markets Equity ETF 4.6 33 47 9.2 -5.1
DFEV Dimensional Emerging Markets Value ETF 4.3 43 37 11.0 -3.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.1 95 -15 11.5 -2.8
GVAL Cambria Global Value ETF 4.1 68 12 12.3 -2.0
IDX VanEck Indonesia Index ETF 4.1 57 23 8.0 -6.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 3.9 38 42 8.3 -6.0
EIDO iShares MSCI Indonesia ETF 3.8 59 21 7.5 -6.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 3.6 41 39 7.9 -6.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.5 29 51 8.2 -6.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.5 70 10 11.4 -2.9
EMMF WisdomTree Emerging Markets Multifactor Fund 3.2 48 32 9.4 -4.9
VIDI Vident International Equity Strategy ETF 3.2 61 19 11.9 -2.4
OBOR KraneShares MSCI One Belt One Road Index ETF 3.2 79 1 10.4 -3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.1 50 30 10.6 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 3.1 63 17 12.9 -1.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.0 49 31 19.0 +4.7
FDEM Fidelity Emerging Markets Multifactor ETF 2.9 25 55 12.0 -2.3
FBZ First Trust Brazil AlphaDEX Fund 2.7 80 0 11.7 -2.6
EWW iShares MSCI Mexico ETF 2.7 50 30 9.6 -4.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.7 60 20 14.7 +0.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.6 7 73 6.5 -7.8
DFAE Dimensional Emerging Core Equity Market ETF 2.5 35 45 7.8 -6.5
DMAT Global X Disruptive Materials ETF 2.3 59 21 10.2 -4.1
FRDM Freedom 100 Emerging Markets ETF 2.2 49 31 7.3 -7.0
IEMG iShares Core MSCI Emerging Markets ETF 2.1 9 71 7.6 -6.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 2.1 39 41 12.7 -1.6
VWO Vanguard FTSE Emerging Markets ETF 2.1 8 72 7.6 -6.7
FLBR Franklin FTSE Brazil ETF 2.1 19 61 12.3 -2.0
FLLA Franklin FTSE Latin America ETF 2.0 19 61 11.5 -2.8
RNEM First Trust Emerging Markets Equity Select ETF 2.0 75 5 8.3 -6.0
EMGF iShares Emerging Markets Equity Factor ETF 1.9 25 55 8.7 -5.6
SPEM SPDR Portfolio Emerging Markets ETF 1.9 7 73 7.5 -6.8
EWM iShares MSCI Malaysia ETF 1.9 50 30 5.7 -8.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.8 88 -8 6.2 -8.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.7 49 31 6.4 -7.9
BLDG Cambria Global Real Estate ETF 1.7 60 20 9.3 -5.0
GXC SPDR S&P China ETF 1.7 59 21 9.2 -5.1
KGRN KraneShares MSCI China Clean Technology Index ETF 1.7 79 1 6.6 -7.7
ION ProShares S&P Global Core Battery Metals ETF 1.7 58 22 11.5 -2.8
FLCH Franklin FTSE China ETF 1.7 19 61 9.8 -4.5
CGV Conductor Global Equity Value ETF 1.7 130 -50 11.2 -3.0
IWTR iShares MSCI Water Management Multisector ETF 1.6 47 33 4.8 -9.5
BATT Amplify Lithium & Battery Technology ETF 1.6 59 21 2.9 -11.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.5 10 70 8.0 -6.3
ICLN iShares Global Clean Energy ETF 1.5 41 39 4.2 -10.1
SMIN iShares MSCI India Small Cap ETF 1.5 79 1 4.3 -10.0
SCHE Schwab Emerging Markets Equity ETF 1.5 11 69 7.6 -6.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.5 32 48 5.8 -8.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.3 30 50 7.8 -6.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 33 10.2 -4.1
KURE KraneShares MSCI All China Health Care Index ETF 1.2 65 15 3.6 -10.7
COPX Global X Copper Miners ETF 1.2 65 15 7.2 -7.1
MCHI iShares MSCI China ETF 1.1 59 21 9.1 -5.2
SETM Sprott Energy Transition Materials ETF 1.1 65 15 5.4 -8.9
JETS U.S. Global Jets ETF 1.1 60 20 -15.3 -29.6
EFRA iShares Environmental Infrastructure and Industrials ETF 1.1 47 33 5.2 -9.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.1 45 35 8.6 -5.7
WOOD iShares Global Timber & Forestry ETF 1.0 42 38 9.6 -4.7
FLMX Franklin FTSE Mexico ETF 1.0 19 61 10.7 -3.6
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 36 11.8 -2.5
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 21 11.9 -2.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 68 8.6 -5.7
EMIF iShares Emerging Markets Infrastructure ETF 1.0 60 20 4.7 -9.6
IGF iShares Global Infrastructure ETF 1.0 41 39 5.0 -9.3
GII SPDR S&P Global Infrastructure ETF 1.0 40 40 5.0 -9.3
KTEC KraneShares Hang Seng TECH Index ETF 1.0 69 11 -4.0 -18.3
BRAZ Global X Brazil Active ETF 1.0 75 5 10.1 -4.2
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 41 6.8 -7.5
FAN First Trust Global Wind Energy ETF 0.9 60 20 5.5 -8.8
WNDY Global X Wind Energy ETF 0.9 50 30 5.1 -9.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.9 39 41 11.1 -3.2
CUT Invesco MSCI Global Timber ETF 0.9 61 19 8.5 -5.8
FCA First Trust China AlphaDEX Fund 0.9 80 0 18.0 +3.7
RODE Hartford Multifactor Diversified International ETF 0.9 29 51 11.5 -2.8
CN Xtrackers MSCI All China Equity ETF 0.9 50 30 10.0 -4.3
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 61 7.2 -7.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 69 7.7 -6.6
EZA iShares MSCI South Africa ETF 0.9 58 22 11.4 -2.9
IQDF FlexShares International Quality Dividend Index Fund 0.9 47 33 10.7 -3.6
XC WisdomTree Emerging Markets Ex-China Fund 0.9 32 48 6.2 -8.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.8 29 51 6.2 -8.1
FTAG First Trust Indxx Global Agriculture ETF 0.8 70 10 9.1 -5.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 31 6.6 -7.7
COPJ Sprott Junior Copper Miners ETF 0.8 75 5 9.9 -4.4
EPU iShares MSCI Peru and Global Exposure ETF 0.8 59 21 5.6 -8.7
PBD Invesco Global Clean Energy ETF 0.8 75 5 -3.8 -18.1
ECH iShares MSCI Chile ETF 0.8 58 22 10.6 -3.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 39 7.3 -6.9
ERTH Invesco MSCI Sustainable Future ETF 0.8 62 18 3.7 -10.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.8 36 44 7.5 -6.8
AQWA Global X Clean Water ETF 0.8 50 30 4.3 -10.0
TCHI iShares MSCI China Multisector Tech ETF 0.8 59 21 3.1 -11.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 50 8.6 -5.7
IQDE FlexShares International Quality Dividend Defensive Index ET 0.8 47 33 10.6 -3.6
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 0.8 60 20 6.3 -8.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 31 12.5 -1.8
ESGE iShares ESG Aware MSCI EM ETF 0.7 25 55 7.7 -6.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 66 14 7.2 -7.0
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.7 56 24 1.7 -12.6
EMFQ Amplify Emerging Markets FinTech ETF 0.7 69 11 5.4 -8.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.7 85 -5 8.2 -6.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 48 6.3 -8.0
BKF iShares MSCI BIC ETF 0.7 69 11 7.2 -7.1
NIKL Sprott Nickel Miners ETF 0.7 75 5 7.5 -6.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.7 49 31 6.7 -7.6
KWEB KraneShares CSI China Internet ETF 0.7 69 11 -0.7 -14.9
EEM iShares MSCI Emerging Markets ETF 0.7 69 11 7.0 -7.3
VSGX Vanguard ESG International Stock ETF 0.7 12 68 6.8 -7.5
EPHE iShares MSCI Philippines ETF 0.7 59 21 8.9 -5.4
HJEN Direxion Hydrogen ETF 0.6 45 35 -3.1 -17.4
AFK VanEck Africa Index ETF 0.6 98 -18 9.9 -4.4
IXUS iShares Core MSCI Total International Stock ETF 0.6 7 73 6.9 -7.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 65 7.1 -7.2
EMXF iShares ESG Advanced MSCI EM ETF 0.6 16 64 7.5 -6.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 55 7.0 -7.3
GMET VanEck Green Metals ETF 0.6 63 17 10.2 -4.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 10 6.4 -7.9
MOTI VanEck Morningstar International Moat ETF 0.6 58 22 6.9 -7.4
VXUS Vanguard Total International Stock ETF 0.6 7 73 7.1 -7.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.6 45 35 4.8 -9.5
KALL KraneShares MSCI All China Index ETF 0.6 49 31 9.5 -4.8
CGGO Capital Group Global Growth Equity ETF 0.6 47 33 4.3 -10.0
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 0.5 68 12 8.9 -5.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 2 9.0 -5.3
FLTW Franklin FTSE Taiwan ETF 0.5 19 61 6.0 -8.3
AVRE Avantis Real Estate ETF 0.5 17 63 6.6 -7.7
SCHC Schwab International Small-Cap Equity ETF 0.5 11 69 6.4 -7.9
CTEC Global X CleanTech ETF 0.5 50 30 1.0 -13.3
FIXT Procure Disaster Recovery Strategy ETF 0.5 75 5 5.7 -8.6
FRNW Fidelity Clean Energy ETF 0.5 39 41 3.6 -10.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 25 55 6.7 -7.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 0.5 60 20 10.0 -4.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 47 7.2 -7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 60 7.5 -6.8
VYMI Vanguard International High Dividend Yield ETF 0.5 22 58 9.7 -4.6
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 10 10.7 -3.6
FLHK Franklin FTSE Hong Kong ETF 0.4 9 71 7.7 -6.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.4 20 60 10.7 -3.6
RNRG Global X Renewable Energy Producers ETF 0.4 66 14 4.8 -9.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 31 8.4 -5.9
PIO Invesco Global Water ETF 0.4 75 5 4.9 -9.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 50 7.5 -6.8
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 63 7.8 -6.5
GLOF iShares Global Equity Factor ETF 0.4 20 60 7.0 -7.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 33 5.9 -8.4
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 0.4 86 -6 1.9 -12.3
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 34 8.9 -5.4
XCEM Columbia EM Core ex-China ETF 0.4 16 64 7.4 -6.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.4 40 40 7.1 -7.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 72 7.2 -7.1
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.3 18 62 7.9 -6.4
GLIF AGF Global Infrastructure ETF 0.3 45 35 5.5 -8.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.3 67 13 17.4 +3.1
SMOG VanEck Low Carbon Energy ETF 0.3 61 19 3.0 -11.3
REET iShares Global REIT ETF 0.3 14 66 7.1 -7.2
CQQQ Invesco China Technology ETF 0.3 70 10 -5.8 -20.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 0.3 60 20 1.0 -13.3
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 0.3 65 15 5.1 -9.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 48 7.6 -6.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.3 34 46 10.5 -3.8
EWT iShares MSCI Taiwan ETF 0.3 58 22 5.8 -8.5
IPKW Invesco International BuyBack Achievers ETF 0.3 55 25 9.1 -5.2
DFGR Dimensional Global Real Estate ETF 0.3 22 58 7.0 -7.3
EPI WisdomTree India Earnings Fund 0.3 85 -5 6.7 -7.6
TTAI FCF International Quality ETF 0.3 59 21 7.3 -7.0
ZSB USCF Sustainable Battery Metals Strategy Fund 0.3 61 19 14.9 +0.6
FM iShares Frontier and Select EM ETF 0.3 80 0 9.5 -4.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 60 6.7 -7.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 34 5.6 -8.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -6 2.0 -12.3
FILL iShares MSCI Global Energy Producers ETF 0.2 39 41 9.1 -5.2
VT Vanguard Total World Stock ETF 0.2 7 73 5.8 -8.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 39 6.6 -7.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 56 7.1 -7.1
DLS WisdomTree International SmallCap Dividend Fund 0.2 58 22 8.7 -5.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.2 58 22 4.6 -9.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 46 6.7 -7.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.2 68 12 3.4 -10.9
BJK VanEck Gaming ETF 0.2 65 15 1.8 -12.5
GINN Goldman Sachs Innovate Equity ETF 0.2 52 28 2.7 -11.6
VRAI Virtus Real Asset Income ETF 0.2 55 25 8.5 -5.8
GXG Global X MSCI Colombia ETF 0.2 62 18 15.0 +0.7
GLIN VanEck India Growth Leaders ETF 0.2 77 3 5.4 -8.9
EMM Global X Emerging Markets ex-China ETF 0.2 75 5 3.7 -10.6
IDRV iShares Self-driving EV & Tech ETF 0.2 47 33 -0.5 -14.8
EWZ iShares MSCI Brazil ETF 0.1 58 22 11.7 -2.6
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 0.1 47 33 0.7 -13.6
EBLU Ecofin Global Water ESG Fund 0.1 40 40 3.9 -10.4
SHPP Pacer Industrials and Logistics ETF 0.1 60 20 8.7 -5.6
OCEN IQ Clean Oceans ETF 0.1 45 35 5.3 -9.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 60 5.6 -8.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 5.7 -8.6
DEW WisdomTree Global High Dividend Fund 0.1 58 22 9.0 -5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 38 6.8 -7.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 50 6.8 -7.5
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 41 9.1 -5.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 41 7.3 -7.0
CGW Invesco S&P Global Water Index ETF 0.1 57 23 3.7 -10.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 68 7.3 -7.0
VGK Vanguard FTSE Europe ETF 0.1 11 69 6.8 -7.5
SPEU SPDR Portfolio Europe ETF 0.1 7 73 6.5 -7.8
IGRO iShares International Dividend Growth ETF 0.1 15 65 7.0 -7.2
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 35 6.3 -8.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 68 5.0 -9.2
VEA Vanguard FTSE Developed Markets ETF 0.1 5 75 6.9 -7.3
ACWI iShares MSCI ACWI ETF 0.1 32 48 5.4 -8.8
VPL Vanguard FTSE Pacific ETF 0.1 8 72 6.9 -7.4
DTH WisdomTree International High Dividend Fund 0.1 58 22 10.1 -4.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 44 6.8 -7.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 41 4.5 -9.8
GGME Invesco Next Gen Media and Gaming ETF 0.0 60 20 4.0 -10.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 31 5.7 -8.6
DFIS Dimensional International Small Cap ETF 0.0 39 41 6.7 -7.6
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -9 4.7 -9.6
DWM WisdomTree International Equity Fund 0.0 48 32 7.7 -6.5
DISV Dimensional International Small Cap Value ETF 0.0 42 38 9.2 -5.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.0 40 40 7.8 -6.5
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 40 0.0 -14.3
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 55 9.0 -5.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 56 6.2 -8.1
SCHF Schwab International Equity ETF 0.0 6 74 7.0 -7.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 41 7.6 -6.7
BKIE BNY Mellon International Equity ETF 0.0 4 76 6.8 -7.5
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 60 6.6 -7.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 57 7.4 -6.9
IPAC iShares Core MSCI Pacific ETF 0.0 9 71 6.6 -7.7
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 76 6.7 -7.6
DFAI Dimensional International Core Equity Market ETF 0.0 18 62 6.8 -7.4
IEFA iShares Core MSCI EAFE ETF 0.0 7 73 2.7 -11.6
AVDE Avantis International Equity ETF 0.0 23 57 7.8 -6.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 77 6.9 -7.4

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

  2019 2020 2021 2022 2023 2024E 2025E
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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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
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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 12.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 14.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 CATEGORY
AVERAGE		 1.39
 
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.