First Trust Europe AlphaDEX Fund
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
42.0x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
2.4%


  • 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 18, 2011
Assets (mns) $371
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) $18,009
Large cap (>$10bn) 48.6%
Mid cap ($2-10bn) 48.1%
Small cap (<$2bn) 1.4%
Developed mkts 98.1%
Emerging mkts 1.0%

TOP TEN HOLDINGS
KINNEVIK AB CLASS B 1.4 %
EVOLUTION GAMING GROUP AB 1.4 %
ADYEN NV 1.1 %
SARTORIUS AG PREF 1.1 %
SARTORIUS STEDIM BIOTECH SA 1.0 %
EUROFINS SCIENTIFIC 1.0 %
BECHTLE AG 1.0 %
WIZZ AIR HOLDINGS PLC 1.0 %
POLYMETAL INTERNATIONAL PLC 1.0 %
ASM INTERNATIONAL N.V. 1.0 %
Total 11.0 %

TOP COUNTRY EXPOSURE
SWEDEN 15.1 %
GERMANY 14.8 %
BRITAIN 13.9 %
FRANCE 10.6 %
SWITZERLAND 7.3 %
NETHERLANDS 6.1 %
ITALY 4.7 %
DENMARK 4.5 %
BELGIUM 4.1 %
SPAIN 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.0% -4.8% 2.5% -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 1.08 78%
MSCI EAFE 1.29 92%
MSCI Emg. Mkts. 0.92 78%

Technical Indicators
Recent close $34.19
30d moving avg. $32.56
Annualized volatility 21.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 60
Turnover 0.6%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $11,210

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.3%


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 52.2 80 0 7.3 +0.0
FDT First Trust Developed Markets ex-US Alphadex Fund 40.3 80 0 7.2 -0.1
SCID Global X Scientific Beta Europe ETF 28.9 39 41 6.3 -0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 21.9 30 50 6.9 -0.4
FLEE Franklin FTSE Europe ETF 21.6 9 71 6.9 -0.4
FLEH Franklin FTSE Europe Hedged ETF 21.5 9 71 7.0 -0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 21.3 25 55 6.4 -0.9
IEUR iShares Core MSCI Europe ETF 21.0 9 71 7.1 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 20.9 9 71 7.2 -0.1
VGK Vanguard FTSE Europe ETF 20.8 8 72 7.3 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.6 45 35 6.5 -0.8
FEU SPDR Portfolio Europe ETF 20.6 9 71 7.2 -0.1
IEV iShares Europe ETF 20.0 59 21 6.7 -0.6
EURZ Xtrackers Eurozone Equity ETF 18.9 9 71 6.9 -0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.8 24 56 7.0 -0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 18.3 35 45 8.5 +1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 17.9 45 35 6.6 -0.7
EZU iShares MSCI Eurozone ETF 17.2 49 31 6.5 -0.8
JHMD John Hancock Multifactor Developed International ETF 16.8 39 41 7.3 +0.1
CIL VictoryShares International Volatility Weighted Index ETF 16.7 45 35 6.5 -0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 16.6 45 35 6.5 -0.7
RFEU First Trust Riverfront Dynamic Europe ETF 16.6 83 -3 5.2 -2.1
TPIF Timothy Plan International ETF 16.4 62 18 6.2 -1.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 16.4 30 50 4.3 -2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 15.8 83 -3 5.6 -1.7
QINT American Century Quality Diversified International ETF 15.6 39 41 5.6 -1.7
EFA iShares MSCI EAFE ETF 14.6 32 48 6.9 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.5 39 41 6.4 -0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.4 35 45 6.7 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 14.3 30 50 6.8 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.2 25 55 6.5 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 14.1 20 60 6.8 -0.4
IEFA iShares Core MSCI EAFE ETF 14.1 7 73 7.2 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 14.1 14 66 6.9 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 14.1 20 60 7.2 -0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.0 7 73 7.4 +0.2
RBIN Nationwide Risk-Based International Equity ETF 14.0 42 38 6.1 -1.2
IQIN IQ 500 International ETF 14.0 25 55 8.6 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 14.0 20 60 7.3 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.9 45 35 8.7 +1.4
PDEV Principal International Multi-Factor Core Index ETF 13.9 25 55 7.7 +0.5
IEUS iShares MSCI Europe Small-Cap ETF 13.9 40 40 7.6 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 13.6 20 60 7.0 -0.3
FGM First Trust Germany AlphaDEX Fund 13.6 80 0 5.9 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 13.5 25 55 8.6 +1.3
IDEV iShares Core MSCI International Developed Markets ETF 13.4 5 75 7.1 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.4 29 51 8.5 +1.2
SCHF Schwab International Equity ETF 13.3 6 74 7.2 -0.0
IQSI IQ Candriam ESG International Equity ETF 13.2 15 65 7.2 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 13.2 30 50 7.2 -0.0
EUMV iShares Edge MSCI Min Vol Europe ETF 13.2 25 55 5.0 -2.3
INTF iShares Edge MSCI Multifactor Intl ETF 13.1 30 50 7.7 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.0 35 45 8.4 +1.1
JPIN JPMorgan Diversified Return International Equity ETF 13.0 37 43 7.8 +0.5
SMEZ SPDR EURO STOXX Small Cap ETF 12.9 45 35 6.1 -1.1
PIZ Invesco DWA Developed Markets Momentum ETF 12.8 81 -1 4.6 -2.7
IDMO Invesco S&P International Developed Momentum ETF 12.8 26 54 4.4 -2.8
DWM WisdomTree International Equity Fund 12.8 48 32 8.2 +0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 12.6 48 32 6.6 -0.7
BKIE BNY Mellon International Equity ETF 12.6 4 76 7.2 -0.0
EFG iShares MSCI EAFE Growth ETF 12.6 40 40 4.5 -2.8
SPDW SPDR Portfolio Developed World ex-US ETF 12.5 4 76 7.0 -0.3
ISDX Invesco Strategic Developed ex-US ETF 12.5 23 57 7.2 -0.1
VEA Vanguard FTSE Developed Markets ETF 12.4 5 75 7.3 +0.0
DIM WisdomTree International MidCap Dividend Fund 12.4 58 22 7.5 +0.3
EFV iShares MSCI EAFE Value ETF 12.4 39 41 9.4 +2.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.3 29 51 7.6 +0.3
WWJD Inspire International ESG ETF 12.2 80 0 7.3 +0.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.2 58 22 6.0 -1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.2 35 45 6.8 -0.5
RNDM Developed International Equity Select ETF 12.2 65 15 6.2 -1.1
IMOM Alpha Architect International Quantitative Momentum ETF 11.6 59 21 3.3 -3.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 11.5 30 50 6.0 -1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 11.4 30 50 11.3 +4.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 11.3 45 35 7.0 -0.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 11.1 30 50 0.0 -7.3
DWCR Arrow DWA Country Rotation ETF 11.1 95 -15 13.6 +6.3
DOL WisdomTree International LargeCap Dividend Fund 11.0 48 32 8.5 +1.2
DWMF WisdomTree International Multifactor Fund 10.9 38 42 6.6 -0.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.7 45 35 9.8 +2.5
HEDJ WisdomTree Europe Hedged Equity Fund 10.5 58 22 6.8 -0.5
EWD iShares MSCI Sweden ETF 10.4 55 25 11.2 +4.0
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 10.4 58 22 7.7 +0.4
AVDE Avantis International Equity ETF 10.3 23 57 7.7 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 10.3 32 48 7.1 -0.1
FLGR Franklin FTSE Germany ETF 10.3 9 71 7.1 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 10.2 8 72 7.4 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.2 39 41 8.2 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.1 40 40 6.9 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.0 16 64 6.8 -0.5
IXUS ishares Core MSCI Total International Stock ETF 9.9 9 71 7.3 +0.0
DTH WisdomTree DEFA Equity Income Fund 9.9 58 22 9.6 +2.3
IDY Pacific Global International Equity Income ETF 9.8 39 41 7.9 +0.6
VXUS Vanguard Total International Stock Index Fund 9.8 8 72 7.4 +0.2
EWG iShares MSCI Germany ETF 9.6 49 31 6.7 -0.5
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.6 45 35 6.8 -0.5
FKU First Trust United Kingdom AlphaDEX Fund 9.5 80 0 8.0 +0.7
FDEV Fidelity Targeted International Factor ETF 9.4 39 41 6.5 -0.8

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 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.