First Trust Europe AlphaDEX
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.8x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Europe AlphaDEX Fund seeks investment results that correspond to the Defined Europe Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $500
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 200
Wgt avg mkt cap (mns) $19,205
Large cap (>$10bn) 46.2%
Mid cap ($2-10bn) 50.9%
Small cap (<$2bn) 2.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AVAST PLC 1.1 %
ASM INTERNATIONAL N.V. 1.1 %
INTL CONSOLIDATED AIRLINE-DI 1.1 %
BELLWAY PLC 1.0 %
ALTICE NV CLASS A 1.0 %
BOOHOO.COM PLC 0.9 %
PADDY POWER PLC 0.9 %
GALAPAGOS NV 0.9 %
ANGLO AMERICAN PLC 0.9 %
JD SPORTS FASHION PLC 0.9 %
Total 9.9 %

TOP COUNTRY EXPOSURE
BRITAIN 22.8 %
GERMANY 19.4 %
FRANCE 12.2 %
SWEDEN 9.5 %
ITALY 9.4 %
BELGIUM 4.4 %
NETHERLANDS 3.8 %
SWITZERLAND 2.8 %
LUXEMBOURG 2.7 %
DENMARK 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.8% 24.8% 7.4% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 60%
MSCI EAFE 1.29 91%
MSCI Emg. Mkts. 0.88 73%

Technical Indicators
Recent close $37.49
30d moving avg. $37.48
Annualized volatility 14.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 49
Turnover 0.4%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $7,868

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Europe AlphaDEX ETF based on the alternatives' overlap in portfolio holdings with FEP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEP Expense: 80 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEP
Ticker Fund
Name
Overlap1
vs FEP
(%)
Expense
ratio
(bp)
Savings
vs FEP
(bp)
ALTAR
Score™
(%)
ALTAR
vs FEP
(%)
FEUZ First Trust Eurozone AlphaDex 59.9 80 0 7.1 -0.1
FDT First Trust Developed Markets ex-US AlphaDEX 43.2 80 0 7.9 +0.7
JPEU JPMorgan Diversified Return Europe Equity 30.8 37 43 6.3 -0.9
SCID Global X Scientific Beta Europe 30.7 38 42 6.2 -1.0
GSEU Goldman Sachs ActiveBeta Europe Equity 23.6 25 55 6.2 -1.0
RFEU First Trust Riverfront Dynamic Europe 23.5 83 -3 6.0 -1.2
UIVM USAA MSCI International Value Momentum Blend Index 21.7 35 45 7.9 +0.7
FKU First Trust United Kingdom 21.7 80 0 7.1 -0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 21.4 30 50 6.4 -0.7
FLEE Franklin FTSE Europe 21.1 9 71 6.7 -0.5
IEUR iShares Core MSCI Europe 20.9 9 71 6.7 -0.5
FLEH Franklin FTSE Europe Hedged 20.8 9 71 6.7 -0.5
BBEU JPMorgan BetaBuilders Europe 20.8 9 71 6.6 -0.5
VGK Vanguard FTSE Europe 20.7 9 71 6.7 -0.5
FEU SPDR DJ Stoxx 50 20.6 9 71 6.7 -0.5
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 20.6 43 37 6.1 -1.1
IEV iShares S&P Europe 350 20.4 59 21 6.2 -1.0
EURZ Xtrackers Eurozone Equity 20.3 9 71 6.9 -0.3
DBEU Xtrackers Europe Hedged 20.3 45 35 6.2 -1.0
DBEZ Xtrackers MSCI EMU Hedged 19.9 45 35 6.3 -0.9

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Europe AlphaDEX
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.63
 
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.