First Trust Europe AlphaDEX Fund
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
2.7%


  • 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) $361
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) $16,150
Large cap (>$10bn) 40.6%
Mid cap ($2-10bn) 57.9%
Small cap (<$2bn) 1.2%
Developed mkts 99.1%
Emerging mkts 0.9%

TOP TEN HOLDINGS
SARTORIUS AG PREF 1.1 %
KINNEVIK AB CLASS B 1.1 %
WIZZ AIR HOLDINGS PLC 1.0 %
BECHTLE AG 1.0 %
EUROFINS SCIENTIFIC 1.0 %
SARTORIUS STEDIM BIOTECH SA 1.0 %
SOFINA 1.0 %
ILIAD SA 0.9 %
PORSCHE AUTOMOBIL HLDG-PFD 0.9 %
BIOMERIEUX SA 0.9 %
Total 9.9 %

TOP COUNTRY EXPOSURE
BRITAIN 15.1 %
GERMANY 14.8 %
SWEDEN 13.2 %
FRANCE 10.4 %
SWITZERLAND 6.4 %
NETHERLANDS 5.4 %
ITALY 4.8 %
BELGIUM 4.4 %
DENMARK 4.3 %
SPAIN 3.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.8% -7.3% 0.8% -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.09 77%
MSCI EAFE 1.29 93%
MSCI Emg. Mkts. 0.97 80%

Technical Indicators
Recent close $30.98
30d moving avg. $27.84
Annualized volatility 21.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 86
Turnover 0.7%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $11,345

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Europe AlphaDEX Fund 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™: 8.1%


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 ETF 51.9 80 0 8.0 -0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 38.0 80 0 7.9 -0.3
JPEU JPMorgan Diversified Return Europe Equity ETF 28.8 37 43 7.0 -1.2
SCID Global X Scientific Beta Europe ETF 27.7 38 42 7.1 -1.1
DDEZ WisdomTree Europe Multifactor Fund 21.3 43 37 7.2 -1.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 21.3 30 50 7.0 -1.1
FLEE Franklin FTSE Europe ETF 21.2 9 71 7.2 -0.9
FLEH Franklin FTSE Europe Hedged ETF 21.0 9 71 7.3 -0.9
BBEU JPMorgan BetaBuilders Europe ETF 20.4 9 71 7.5 -0.7
IEUR iShares Core MSCI Europe ETF 20.3 9 71 7.5 -0.7
VGK Vanguard FTSE Europe ETF 20.3 8 72 7.5 -0.7
FEU SPDR Portfolio Europe ETF 20.0 9 71 7.5 -0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.4 45 35 6.9 -1.3
IEV iShares Europe ETF 19.4 59 21 7.0 -1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.2 25 55 6.9 -1.3
EURZ Xtrackers Eurozone Equity ETF 18.6 9 71 7.3 -0.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.1 24 56 7.3 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 17.7 45 35 6.9 -1.2
RFEU First Trust Riverfront Dynamic Europe ETF 17.7 83 -3 5.1 -3.1
EZU iShares MSCI Eurozone ETF 16.3 49 31 7.0 -1.2
JHMD John Hancock Multifactor Developed International ETF 16.2 45 35 7.6 -0.6
CIL VictoryShares International Volatility Weighted Index ETF 16.1 45 35 6.8 -1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 15.6 30 50 5.0 -3.1
SMEZ SPDR EURO STOXX Small Cap ETF 15.4 45 35 5.6 -2.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 15.2 35 45 8.7 +0.6
IEUS iShares MSCI Europe Small-Cap ETF 15.1 40 40 7.0 -1.1
QINT American Century Quality Diversified International ETF 14.7 39 41 6.0 -2.1
RFDI First Trust Riverfront Dynamic Developed International ETF 14.4 83 -3 6.4 -1.7
TPIF Timothy Plan International ETF 14.3 62 18 7.1 -1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.0 14 66 7.1 -1.0
IQIN IQ 500 International ETF 13.8 25 55 9.2 +1.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 13.6 7 73 7.7 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 13.6 20 60 7.7 -0.5
EFA iShares MSCI EAFE ETF 13.6 32 48 7.3 -0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.6 35 45 7.1 -1.0
RBIN Nationwide Risk-Based International Equity ETF 13.5 42 38 6.5 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.5 45 35 9.1 +0.9
JPIN JPMorgan Diversified Return International Equity ETF 13.5 38 42 8.0 -0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.5 39 41 6.8 -1.4
IEFA iShares Core MSCI EAFE ETF 13.4 7 73 7.4 -0.7
PDEV Principal International Multi-Factor Core Index ETF 13.4 25 55 8.0 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.2 29 51 8.8 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 13.2 25 55 8.9 +0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.1 29 51 8.2 +0.0
SCHF Schwab International Equity ETF 13.0 6 74 7.5 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 12.8 5 75 7.4 -0.8
OEUR O'shares FTSE Europe Quality Dividend ETF 12.8 48 32 6.7 -1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.7 25 55 6.9 -1.2
IDMO Invesco S&P International Developed Momentum ETF 12.7 25 55 4.7 -3.4
ESGD iShares MSCI EAFE ESG Optimized ETF 12.6 20 60 7.3 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.6 35 45 8.7 +0.6
FGM First Trust Germany AlphaDEX Fund 12.5 80 0 7.2 -0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 12.5 20 60 7.4 -0.7
IQSI IQ Candriam ESG International Equity ETF 12.4 15 65 7.5 -0.7
QEFA SPDR MSCI EAFE Quality Mix ETF 12.3 30 50 6.9 -1.2
EFV iShares MSCI EAFE Value ETF 12.3 39 41 10.3 +2.1
PIZ Invesco DWA Developed Markets Momentum ETF 12.3 80 0 4.3 -3.8
WWJD Inspire International ESG ETF 12.3 80 0 7.9 -0.3
DWM WisdomTree International Equity Fund 12.2 48 32 8.4 +0.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.2 48 32 0.0 -8.1
SPDW SPDR Portfolio Developed World ex-US ETF 12.1 4 76 7.4 -0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 12.1 30 50 7.1 -1.1
VEA Vanguard FTSE Developed Markets ETF 12.0 5 75 7.6 -0.6
RNDM Developed International Equity Select ETF 11.8 65 15 6.5 -1.7
EUMV iShares Edge MSCI Min Vol Europe ETF 11.8 25 55 5.6 -2.5
DIM WisdomTree International MidCap Dividend Fund 11.8 58 22 7.8 -0.4
FKU First Trust United Kingdom AlphaDEX Fund 11.6 80 0 9.4 +1.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 11.5 58 22 6.2 -1.9
ISDX Invesco Strategic Developed ex-US ETF 11.3 23 57 7.6 -0.6
INTF iShares Edge MSCI Multifactor Intl ETF 11.2 30 50 8.5 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 10.8 30 50 6.3 -1.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 10.8 45 35 7.3 -0.9
DOL WisdomTree International LargeCap Dividend Fund 10.8 48 32 8.7 +0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 10.8 30 50 11.4 +3.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.8 45 35 10.0 +1.8
VYMI Vanguard International High Dividend Yield ETF 10.7 32 48 10.4 +2.2
EFG iShares MSCI EAFE Growth ETF 10.7 40 40 4.8 -3.4
DWMF WisdomTree International Multifactor Fund 10.4 38 42 6.9 -1.3
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 10.3 58 22 8.0 -0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.3 16 64 7.2 -0.9
HEDJ WisdomTree Europe Hedged Equity Fund 10.3 58 22 7.2 -1.0
FLGR Franklin FTSE Germany ETF 10.3 9 71 7.6 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 10.1 8 72 7.9 -0.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.0 39 41 9.2 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 9.9 32 48 7.6 -0.5
AVDE Avantis International Equity ETF 9.8 23 57 8.0 -0.1
IXUS ishares Core MSCI Total International Stock ETF 9.8 9 71 7.7 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.7 40 40 7.5 -0.6
VXUS Vanguard Total International Stock Index Fund 9.6 8 72 7.8 -0.3
DTH WisdomTree DEFA Equity Income Fund 9.6 58 22 9.8 +1.6
IDHQ Invesco S&P International Developed High Quality ETF 9.6 29 51 5.5 -2.6
FIVA Fidelity International Value Factor ETF 9.5 39 41 10.4 +2.3
IDY Pacific Global International Equity Income ETF 9.5 39 41 8.2 +0.0
FDEV Fidelity Targeted International Factor ETF 9.2 39 41 6.7 -1.5
EWG iShares MSCI Germany ETF 9.2 49 31 7.4 -0.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.1 45 35 7.5 -0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 9.0 20 60 9.4 +1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.0 32 48 6.6 -1.6
SCZ iShares MSCI Eafe Small-Cap ETF 8.9 40 40 6.6 -1.5

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

  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

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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 Europe AlphaDEX Fund
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 1.2 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.59
 
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.