First Trust Emerging Markets Small Cap AlphaDEX Fund
ALTAR
Score™		 12.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 4.7%


  • 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) $252
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 220
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 3.0 %
WINWAY TECHNOLOGY CO., LTD. 1.7 %
EZCONN CORPORATION 1.6 %
THUNGELA RESOURCES LTD 1.5 %
ENERGI MEGA PERSADA TBK PT 1.4 %
KINETIC DEVELOPMENT GROUP LIMITED 1.2 %
ADARO ENERGY PT 1.1 %
LINGBAO GOLD CO LTD-H 1.1 %
DYNAMIC HOLDING CO., LTD. 1.1 %
PT ADARO ANDALAN INDONESIA TBK 1.1 %
Total 14.8 %

TOP COUNTRY EXPOSURE
CHINA 18.7 %
BRAZIL 12.9 %
TAIWAN 9.5 %
INDONESIA 8.0 %
TURKEY 6.8 %
SOUTH AFRICA 6.2 %
THAILAND 3.5 %
CHILE 2.2 %
MEXICO 2.0 %
MALAYSIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
13.6% 32.6% 6.6% 10.5% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 0.56 41%
MSCI EAFE 0.77 56%
MSCI Emg. Mkts. 0.77 67%

Technical Indicators
Recent close $44.63
30d moving avg. $46.13
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.5%
Bid/Ask (% of price) 0.90%
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™: 12.0%


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
(%)
BRF VanEck Brazil Small-Cap ETF 11.1 66 14 11.0 -1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.9 58 22 8.8 -3.2
EWZS iShares MSCI Brazil Small-Cap ETF 9.2 59 21 11.4 -0.6
EEMS iShares MSCI Emerging Markets Small Cap ETF 8.8 70 10 6.9 -5.2
AVEE Avantis Emerging Markets Small Cap Equity ETF 8.6 42 38 8.1 -3.9
SDIV Global X Superdividend ETF 7.6 58 22 13.7 +1.6
DVYE iShares Emerging Markets Dividend ETF 7.2 49 31 17.8 +5.8
EIDO iShares MSCI Indonesia ETF 6.6 59 21 8.4 -3.7
EWX SPDR S&P Emerging Markets Small Cap ETF 6.4 65 15 7.0 -5.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.5 59 21 9.3 -2.8
EYLD Cambria Emerging Shareholder Yield ETF 5.3 66 14 10.0 -2.0
TUR iShares MSCI Turkey ETF 5.2 58 22 12.7 +0.6
IDX VanEck Indonesia Index ETF 5.1 57 23 7.7 -4.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.9 90 -10 4.5 -7.5
AVES Avantis Emerging Markets Value ETF 4.1 36 44 9.5 -2.6
DEM WisdomTree Emerging Markets High Dividend Fund 3.7 63 17 11.3 -0.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.6 45 35 9.9 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.4 44 36 9.6 -2.5
VIDI Vident International Equity Strategy ETF 3.0 61 19 9.0 -3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.9 33 47 7.1 -4.9
DFEV Dimensional Emerging Markets Value ETF 2.7 43 37 10.7 -1.4
AVSE Avantis Responsible Emerging Markets Equity ETF 2.4 33 47 7.5 -4.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.4 38 42 7.7 -4.3
JIVE JPMorgan International Value ETF 2.4 55 25 9.0 -3.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.4 70 10 9.7 -2.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.4 53 27 6.0 -6.0
GVAL Cambria Global Value ETF 2.3 68 12 9.6 -2.4
AVEM Avantis Emerging Markets Equity ETF 2.3 33 47 7.9 -4.2
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 48 6.5 -5.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 20 10.1 -1.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.1 8 72 6.6 -5.4
ECH iShares MSCI Chile ETF 2.1 58 22 7.6 -4.4
EWW iShares MSCI Mexico ETF 2.0 50 30 8.6 -3.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.9 95 -15 11.0 -1.0
CGV Conductor Global Equity Value ETF 1.9 130 -50 7.8 -4.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 30 9.1 -3.0
XCNY SPDR S&P Emerging Markets ex-China ETF 1.9 15 65 6.3 -5.7
EPHE iShares MSCI Philippines ETF 1.8 59 21 0.0 -12.0
EPOL iShares MSCI Poland ETF 1.8 59 21 10.2 -1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 39 7.5 -4.5
EMGF iShares Emerging Markets Equity Factor ETF 1.7 25 55 10.0 -2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 1.6 49 31 9.2 -2.8
GOEX Global X Gold Explorers ETF 1.6 65 15 1.7 -10.3
FLLA Franklin FTSE Latin America ETF 1.5 19 61 10.8 -1.3
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 5 8.1 -4.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.5 39 41 14.4 +2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -8 9.1 -3.0
FDEM Fidelity Emerging Markets Multifactor ETF 1.5 25 55 11.2 -0.8
FLMX Franklin FTSE Mexico ETF 1.4 19 61 9.1 -3.0
CUT Invesco MSCI Global Timber ETF 1.3 61 19 8.1 -3.9
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 1 7.0 -5.0
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 71 9.0 -3.0
RING iShares MSCI Global Gold Miners ETF 1.3 39 41 3.0 -9.0
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 45 7.7 -4.3
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 73 9.6 -2.4
ROAM Hartford Multifactor Emerging Markets ETF 1.2 44 36 8.4 -3.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 48 13.2 +1.2
BLDG Cambria Global Real Estate ETF 1.1 60 20 11.4 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 31 14.1 +2.1
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 73 10.0 -2.1
GXC SPDR S & P China ETF 0.9 59 21 17.1 +5.1
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 22 5.6 -6.5
NIKL Sprott Nickel Miners ETF 0.9 75 5 7.3 -4.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 70 8.3 -3.7
FLTW Franklin FTSE Taiwan ETF 0.8 19 61 4.8 -7.3
VEXC Vanguard Emerging Markets Ex-China ETF 0.8 7 73 6.3 -5.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.8 30 50 6.8 -5.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 31 9.2 -2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 51 8.8 -3.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 68 8.5 -3.6
WOOD iShares Global Timber & Forestry ETF 0.7 42 38 11.0 -1.1
SCHE Schwab Emerging Markets Equity ETF 0.7 11 69 9.9 -2.1
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 -0.9 -13.0
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 6.1 -5.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 22 3.8 -8.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 33 5.0 -7.1
SGDJ Sprott Junior Gold Miners ETF 0.7 50 30 1.8 -10.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 48 8.3 -3.8
SETM Sprott Energy Transition Materials ETF 0.6 65 15 1.7 -10.4
FLBR Franklin FTSE Brazil ETF 0.6 19 61 11.8 -0.3
SMIN iShares MSCI India Small Cap ETF 0.6 79 1 3.7 -8.4
EZA iShares MSCI South Africa ETF 0.6 58 22 8.7 -3.3
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 41 7.3 -4.8
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 10 7.0 -5.0
EWZ iShares MSCI Brazil ETF 0.5 58 22 10.5 -1.6
ICLN iShares Global Clean Energy ETF 0.5 41 39 2.0 -10.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.5 39 41 8.2 -3.8
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 11 2.0 -10.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 47 7.6 -4.5
KGRN KraneShares MSCI China Clean Technology Index ETF 0.4 79 1 2.8 -9.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 39 5.5 -6.5
AVRE Avantis Real Estate ETF 0.4 17 63 7.0 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 69 8.7 -3.3
AFK VanEck Africa Index ETF 0.4 98 -18 11.3 -0.8
FRDM Freedom 100 Emerging Markets ETF 0.4 49 31 6.5 -5.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 8 2.3 -9.8
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 73 7.0 -5.0
BCOR Grayscale Bitcoin Adopters ETF 0.4 59 21 1.9 -10.2
BRAZ Global X Brazil Active ETF 0.4 75 5 10.0 -2.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 25 6.2 -5.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 44 8.4 -3.6
VSGX Vanguard ESG International Stock ETF 0.4 10 70 7.1 -4.9
VXUS Vanguard Total International Stock ETF 0.4 5 75 7.1 -5.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 51 8.0 -4.0
CGGO Capital Group Global Growth Equity ETF 0.4 47 33 4.6 -7.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 35 9.0 -3.0
CGW Invesco S&P Global Water Index ETF 0.3 57 23 4.4 -7.6
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 32 9.3 -2.7
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 18 3.1 -8.9
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 61 8.0 -4.1
SOCL Global X Social Media ETF 0.3 65 15 11.9 -0.1
LDEM iShares ESG MSCI EM Leaders ETF 0.3 17 63 12.7 +0.6
DFGR Dimensional Global Real Estate ETF 0.3 22 58 7.2 -4.8
VYMI Vanguard International High Dividend Yield ETF 0.3 17 63 8.4 -3.6
SCHC Schwab International Small-Cap Equity ETF 0.3 11 69 6.9 -5.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 45 12.1 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 31 8.3 -3.7
FLCH Franklin FTSE China ETF 0.3 19 61 16.4 +4.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 31 4.8 -7.2
CQQQ Invesco China Technology ETF 0.3 70 10 15.2 +3.2
GLOF iShares Global Equity Factor ETF 0.3 20 60 6.0 -6.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 41 7.2 -4.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 9.7 -2.4
JETS U.S. Global Jets ETF 0.2 60 20 2.9 -9.1
TBLU Tortoise Global Water ESG ETF 0.2 40 40 4.4 -7.6
AQWA Global X Clean Water ETF 0.2 50 30 4.8 -7.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 41 8.8 -3.2
GINN Goldman Sachs Innovate Equity ETF 0.2 52 28 4.0 -8.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.8 -3.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 57 7.6 -4.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 19 1.5 -10.6
HERO Global X Video Games & Esports ETF 0.2 50 30 5.6 -6.5
NERD Roundhill Video Games ETF 0.2 50 30 7.3 -4.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 19 -0.7 -12.8
XCEM Columbia EM Core ex-China ETF 0.2 16 64 5.8 -6.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 76 7.2 -4.9
ARVR First Trust Indxx Metaverse ETF 0.2 70 10 4.4 -7.6
AUAU Global X Gold Miners ETF 0.2 35 45 2.2 -9.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 55 6.0 -6.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 50 8.5 -3.6
BJK VanEck Gaming ETF 0.2 65 15 4.3 -7.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 31 6.3 -5.7
EWT iShares MSCI Taiwan ETF 0.1 58 22 4.4 -7.6
VT Vanguard Total World Stock ETF 0.1 6 74 5.4 -6.6
REET iShares Global REIT ETF 0.1 14 66 7.2 -4.8
EEM iShares MSCI Emerging Markets ETF 0.1 69 11 8.7 -3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 56 6.3 -5.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 5.3 -6.8
IDRV iShares Self-driving EV & Tech ETF 0.1 47 33 1.4 -10.6
PBD Invesco Global Clean Energy ETF 0.1 75 5 0.3 -11.7
EV Mast Global Battery Recycling & Production ETF 0.1 65 15 6.2 -5.8
ESGE iShares ESG Aware MSCI EM ETF 0.1 25 55 9.2 -2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 14 8.0 -4.0
CHPX Global X AI Semiconductor & Quantum ETF 0.1 50 30 2.7 -9.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 62 6.8 -5.2
IPKW Invesco International BuyBack Achievers ETF 0.1 55 25 8.4 -3.7
FINX Global X FinTech ETF 0.1 68 12 3.0 -9.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 34 7.4 -4.6
SHLD Global X Defense Tech ETF 0.1 50 30 2.4 -9.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 41 7.3 -4.7
IGPT Invesco AI and Next Gen Software ETF 0.1 60 20 3.6 -8.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 33 5.0 -7.1
IGRO iShares International Dividend Growth ETF 0.1 15 65 7.0 -5.1
EPI WisdomTree India Earnings Fund 0.1 85 -5 5.0 -7.0
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 15 4.9 -7.1
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 64 7.6 -4.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -9 4.8 -7.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 50 8.9 -3.1
BKF iShares MSCI BIC ETF 0.1 69 11 13.7 +1.7
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 20 5.0 -7.1
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 6.3 -5.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 39 6.5 -5.6
DEW WisdomTree Global High Dividend Fund 0.1 58 22 7.5 -4.6
VGK Vanguard FTSE Europe ETF 0.0 6 74 6.9 -5.2
SPEU SPDR Portfolio Europe ETF 0.0 7 73 6.8 -5.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 46 6.8 -5.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 50 6.9 -5.1
SCZ iShares MSCI EAFE Small-Cap ETF 0.0 40 40 6.5 -5.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 55 8.0 -4.0
VEA Vanguard FTSE Developed Markets ETF 0.0 3 77 6.4 -5.7
EEMA iShares MSCI Emerging Markets Asia ETF 0.0 49 31 8.5 -3.6
ECON Columbia Emerging Markets Consumer ETF 0.0 49 31 7.8 -4.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 35 7.3 -4.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 70 10 7.8 -4.2
WSML iShares MSCI World Small-Cap ETF 0.0 15 65 5.8 -6.2
IPAC iShares Core MSCI Pacific ETF 0.0 9 71 5.8 -6.2
ACWI iShares MSCI ACWI ETF 0.0 32 48 5.0 -7.0
VPL Vanguard FTSE Pacific ETF 0.0 7 73 5.9 -6.2
IEFA iShares Core MSCI EAFE ETF 0.0 7 73 6.4 -5.7

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

  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

Content on this tab for subscribers only

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 12.0 %
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.