First Trust Emerging Markets Small Cap Alphadex Fund
ALTAR
Score™
19.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
6.1x P/Sales
ratio
0.4x
P/BV
ratio
0.5x Div.
yield
5.5%


  • 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 16, 2012
Assets (mns) $119
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 202
Wgt avg mkt cap (mns) $1,056
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 13.3%
Small cap (<$2bn) 85.6%
Developed mkts 13.6%
Emerging mkts 86.4%

TOP TEN HOLDINGS
KWG PROPERTY HOLDING LTD 1.5 %
LONKING HOLDINGS LTD 1.3 %
CHINA LIANSU GROUP HOLDINGS 1.2 %
Q TECHNOLOGY (GROUP) CO. LTD. 1.2 %
RUENTEX INDUSTRIES LTD 1.1 %
UNITED INTEGRATED SERVICES 1.1 %
POLY HONG KONG INVESTMENT LT 1.1 %
WEST CHINA CEMENT LTD 1.1 %
MIGROS TICARET A.S 1.0 %
TAIWAN SURFACE MOUNTING TECH 1.0 %
Total 11.6 %

TOP COUNTRY EXPOSURE
TAIWAN 26.5 %
TURKEY 13.9 %
CHINA 13.5 %
HONG KONG 10.9 %
BRAZIL 7.4 %
SOUTH AFRICA 4.4 %
INDONESIA 3.5 %
MEXICO 1.6 %
POLAND 1.3 %
PHILIPPINES 1.1 %

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.
-36.3% -25.7% -1.7% -- 0.4%

Market Correlations
versus... Beta R-squared
S&P500 1.20 56%
MSCI EAFE 1.33 66%
MSCI Emg. Mkts. 1.26 87%

Technical Indicators
Recent close $24.20
30d moving avg. $29.73
Annualized volatility 24.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 97
Turnover 2.0%
Bid/Ask (% of price) 0.71%
ADV underlying (mns) $1,754

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 19.6%


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
(%)
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 16.0 63 17 16.8 -2.8
EWX SPDR S&P Emerging Markets Small Cap ETF 12.8 65 15 8.9 -10.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 11.2 69 11 10.6 -9.0
ECNS iShares MSCI China Small-Cap ETF 10.8 59 21 13.0 -6.6
TUR iShares MSCI Turkey ETF 9.8 59 21 24.2 +4.6
EYLD Cambria Emerging Shareholder Yield ETF 7.9 66 14 21.5 +1.9
EWZS iShares MSCI Brazil Small-Cap ETF 6.5 59 21 8.9 -10.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 6.5 45 35 16.7 -2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 5.9 95 -15 12.7 -6.9
ROAM Hartford Multifactor Emerging Markets ETF 5.6 44 36 18.5 -1.1
SDEM Global X SuperDividend Emerging Markets ETF 5.4 67 13 26.6 +7.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.3 59 21 13.5 -6.1
PIE Invesco DWA Emerging Markets Momentum ETF 5.2 90 -10 7.1 -12.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 4.6 45 35 12.2 -7.3
BRF VanEck Vectors Brazil Small-Cap ETF 4.6 60 20 7.9 -11.7
DVYE iShares Emerging Markets Dividend ETF 4.6 49 31 15.4 -4.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.4 51 29 21.3 +1.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.4 63 17 17.3 -2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.1 32 48 11.8 -7.8
VIDI Vident International Equity Fund 4.1 59 21 15.3 -4.3
AVEM Avantis Emerging Markets Equity ETF 4.1 33 47 12.1 -7.5
SDIV Global X SuperDividend ETF 4.0 58 22 24.9 +5.3
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 3.8 50 30 13.0 -6.6
EMMF WisdomTree Emerging Markets Multifactor Fund 3.5 48 32 12.3 -7.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.5 50 30 26.2 +6.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.4 29 51 15.0 -4.6
EWT iShares MSCI Taiwan ETF 3.4 59 21 7.9 -11.7
FLTW Franklin FTSE Taiwan ETF 3.4 19 61 8.3 -11.3
FCA First Trust China AlphaDEX Fund 3.3 80 0 17.4 -2.2
EIDO iShares MSCI Indonesia ETF 3.3 59 21 14.0 -5.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.0 45 35 10.9 -8.7
CHII Global X China Industrials ETF 3.0 66 14 13.4 -6.2
KOL VanEck Vectors Coal ETF 3.0 60 20 25.1 +5.5
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 2.8 11 69 9.4 -10.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.8 79 1 12.0 -7.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.8 70 10 16.0 -3.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 2.8 64 16 8.1 -11.5
FLZA Franklin FTSE South Africa ETF 2.6 19 61 15.3 -4.2
DVEM WisdomTree Emerging Markets Dividend Fund 2.5 32 48 11.3 -8.3
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 2.3 51 29 13.6 -6.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.3 40 40 9.3 -10.3
FLBR Franklin FTSE Brazil ETF 2.3 19 61 8.5 -11.1
IDX VanEck Vectors Indonesia Index ETF 2.2 57 23 12.6 -7.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 2.2 32 48 9.5 -10.1
FLLA Franklin FTSE Latin America ETF 2.1 19 61 9.7 -9.9
CHIR Global X MSCI China Real Estate ETF 2.1 65 15 19.1 -0.4
DRW WisdomTree Global ex-US Real Estate Fund 2.1 58 22 12.1 -7.5
VWO Vanguard FTSE Emerging Markets ETF 2.0 10 70 10.8 -8.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.0 29 51 12.8 -6.8
FBZ First Trust Brazil AlphaDEX Fund 2.0 80 0 9.5 -10.1
ISEM Invesco Strategic Emerging Markets ETF 1.9 35 45 12.2 -7.4
GVAL Cambria Global Value ETF 1.9 69 11 14.2 -5.4
IEMG iShares Core MSCI Emerging Markets ETF 1.8 14 66 10.9 -8.7
EDIV SPDR S&P Emerging Markets Dividend ETF 1.8 49 31 13.8 -5.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.8 45 35 12.1 -7.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.8 39 41 15.7 -3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 49 31 11.9 -7.7
EWW iShares MSCI Mexico Capped ETF 1.6 49 31 11.9 -7.7
IQDF FlexShares International Quality Dividend Index Fund 1.4 47 33 16.5 -3.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.4 47 33 15.9 -3.7
RING iShares MSCI Global Gold Miners ETF 1.4 39 41 5.0 -14.5
DWCR Arrow DWA Country Rotation ETF 1.4 95 -15 14.3 -5.3
VNQI Vanguard Global ex-US Real Estate Index Fund 1.4 12 68 11.7 -7.9
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.4 25 55 10.1 -9.5
SPEM SPDR Portfolio Emerging Markets ETF 1.4 11 69 10.5 -9.1
PXH Invesco FTSE RAFI Emerging Markets ETF 1.4 50 30 16.4 -3.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.3 30 50 11.3 -8.3
CHIM Global X China Materials ETF 1.3 65 15 12.0 -7.6
EMIF iShares Emerging Markets Infrastructure ETF 1.3 75 5 10.0 -9.6
SCHE Schwab Emerging Markets Equity ETF 1.2 13 67 10.7 -8.9
PICK iShares MSCI Global Metals & Mining Producers ETF 1.2 39 41 11.1 -8.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.2 14 66 11.7 -7.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.2 47 33 17.5 -2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 45 35 9.6 -10.0
TBLU Tortoise Water Fund 1.2 40 40 6.5 -13.1
CHIE Global X China Energy ETF 1.2 66 14 11.5 -8.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 31 9.7 -9.9
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 22 11.9 -7.7
EPOL iShares MSCI Poland Capped ETF 1.1 61 19 13.4 -6.1
KGRN KraneShares MSCI China Environment Index ETF 1.1 80 0 10.1 -9.5
EGPT VanEck Vectors Egypt Index ETF 1.1 98 -18 13.9 -5.7
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 1.1 43 37 11.8 -7.8
CHIK Global X MSCI China Information Technology ETF 1.1 65 15 12.7 -6.9
GXC SPDR S&P China ETF 1.0 59 21 10.3 -9.3
ESGE iShares ESG MSCI EM ETF 1.0 25 55 11.9 -7.7
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.0 10 70 10.8 -8.8
CUT Invesco MSCI Global Timber ETF 1.0 55 25 12.0 -7.6
MOTO SmartETFs Smart Transportation & Technology ETF 0.9 68 12 12.4 -7.2
RNEM Emerging Markets Equity Select ETF 0.9 75 5 11.9 -7.7
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 0.9 45 35 10.6 -9.0
IHAK iShares Cybersecurity & Tech ETF 0.9 47 33 4.9 -14.6
EEMA iShares MSCI Emerging Markets Asia ETF 0.9 50 30 10.3 -9.3
SLVP iShares MSCI Global Silver Miners ETF 0.9 39 41 2.8 -16.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.9 19 61 10.3 -9.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.9 30 50 12.7 -6.9
GOEX Global X Gold Explorers ETF 0.8 65 15 5.1 -14.4
GLIF AGFiQ Global Infrastructure ETF 0.8 45 35 6.3 -13.3
EEM iShares MSCI Emerging Markets ETF 0.8 68 12 10.4 -9.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.8 32 48 8.7 -10.9
FLMX Franklin FTSE Mexico ETF 0.8 19 61 12.4 -7.1

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 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 10.0 %
Divided by: Fwd. P/BV 0.5 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 19.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.