First Trust Eurozone AlphaDEX ETF
ALTAR
Score™
7.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.2x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Eurozone AlphaDex Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield of an index called the NASDAQ AlphaDEX? Eurozone Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Oct 21, 2014
Assets (mns) $28
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 150
Wgt avg mkt cap (mns) $17,745
Large cap (>$10bn) 49.0%
Mid cap ($2-10bn) 48.9%
Small cap (<$2bn) 1.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADYEN NV 1.7 %
ASM INTERNATIONAL N.V. 1.5 %
ILIAD SA 1.3 %
BECHTLE AG 1.3 %
PORSCHE AUTOMOBIL HLDG-PFD 1.3 %
SARTORIUS AG PREF 1.3 %
RWE AG 1.3 %
VOLKSWAGEN AG-PFD 1.2 %
SARTORIUS STEDIM BIOTECH SA 1.2 %
SOFINA 1.2 %
Total 13.4 %

TOP COUNTRY EXPOSURE
GERMANY 26.3 %
FRANCE 19.6 %
NETHERLANDS 11.5 %
ITALY 9.7 %
SPAIN 6.9 %
BELGIUM 6.7 %
FINLAND 6.2 %
AUSTRIA 3.5 %
LUXEMBOURG 3.3 %
IRELAND 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.5% -12.1% 2.4% -- 3.1%

Market Correlations
versus... Beta R-squared
S&P500 1.09 76%
MSCI EAFE 1.28 92%
MSCI Emg. Mkts. 0.95 80%

Technical Indicators
Recent close $34.77
30d moving avg. $34.55
Annualized volatility 21.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 12
Turnover 1.5%
Bid/Ask (% of price) 1.11%
ADV underlying (mns) $13,555

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the First Trust Eurozone AlphaDEX ETF ETF based on the alternatives' overlap in portfolio holdings with FEUZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEUZ Expense: 80 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEUZ
Ticker Fund
Name
Overlap1
vs FEUZ
(%)
Expense
ratio
(bp)
Savings
vs FEUZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs FEUZ
(%)
FEP First Trust Europe AlphaDEX Fund 51.9 80 0 7.7 -0.0
EURZ Xtrackers Eurozone Equity ETF 28.9 9 71 7.1 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 26.8 45 35 6.8 -0.9
EZU iShares MSCI Eurozone ETF 26.6 49 31 6.6 -1.2
JPEU JPMorgan Diversified Return Europe Equity ETF 25.3 37 43 7.0 -0.7
FGM First Trust Germany AlphaDEX Fund 22.6 80 0 6.8 -1.0
SMEZ SPDR EURO STOXX Small Cap ETF 21.4 45 35 6.3 -1.4
SCID Global X Scientific Beta Europe ETF 20.2 39 41 6.5 -1.3
FDT First Trust Developed Markets ex-US Alphadex Fund 19.9 80 0 7.5 -0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.4 25 55 6.5 -1.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 17.9 58 22 8.1 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 17.6 58 22 6.9 -0.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 17.1 30 50 6.8 -0.9
FLEH Franklin FTSE Europe Hedged ETF 17.0 9 71 7.1 -0.6
RFEU First Trust Riverfront Dynamic Europe ETF 17.0 83 -3 5.4 -2.4
FLEE Franklin FTSE Europe ETF 16.9 9 71 7.0 -0.7
FLGR Franklin FTSE Germany ETF 16.7 9 71 7.3 -0.5
FEU SPDR Portfolio Europe ETF 16.4 9 71 7.4 -0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.4 45 35 6.7 -1.1
IEUR iShares Core MSCI Europe ETF 16.3 9 71 7.3 -0.5
BBEU JPMorgan BetaBuilders Europe ETF 16.3 9 71 7.3 -0.4
VGK Vanguard FTSE Europe ETF 16.1 8 72 7.4 -0.3
IEV iShares Europe ETF 16.1 59 21 6.8 -1.0
EWG iShares MSCI Germany ETF 15.7 49 31 6.9 -0.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 15.6 45 35 7.0 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 15.6 83 -3 5.7 -2.1
IQIN IQ 500 International ETF 15.1 25 55 9.0 +1.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 14.9 35 45 8.9 +1.1
DWCR Arrow DWA Country Rotation ETF 14.0 95 -15 16.6 +8.9
FLFR Franklin FTSE France ETF 13.7 9 71 6.9 -0.9
JHMD John Hancock Multifactor Developed International ETF 13.2 39 41 7.5 -0.2
EWQ iShares MSCI France ETF 13.2 50 30 6.5 -1.3
EUMV iShares Edge MSCI Min Vol Europe ETF 13.0 25 55 5.0 -2.7
QDEU SPDR MSCI Germany Quality Mix ETF 12.8 14 66 7.5 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 12.7 45 35 9.0 +1.2
RBIN Nationwide Risk-Based International Equity ETF 12.7 42 38 6.5 -1.3
OEUR O'shares FTSE Europe Quality Dividend ETF 12.6 48 32 6.6 -1.1
QINT American Century Quality Diversified International ETF 12.6 39 41 5.8 -2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.5 25 55 6.6 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 12.4 45 35 6.8 -1.0
TPIF Timothy Plan International ETF 12.2 62 18 6.4 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 12.2 25 55 8.9 +1.2
EFA iShares MSCI EAFE ETF 11.9 32 48 7.1 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.8 35 45 6.9 -0.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 11.7 45 35 10.0 +2.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 11.6 30 50 4.3 -3.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.6 24 56 7.3 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 11.5 20 60 7.5 -0.2
PDEV Principal International Multi-Factor Core Index ETF 11.4 25 55 8.0 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.4 7 73 7.6 -0.1
DXGE WisdomTree Germany Hedged Equity Fund 11.4 48 32 8.8 +1.0
IQSI IQ Candriam ESG International Equity ETF 11.3 15 65 7.3 -0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.3 29 51 8.8 +1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.3 14 66 7.0 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.3 20 60 7.1 -0.6
RNDM Developed International Equity Select ETF 11.2 65 15 6.4 -1.3
IEFA iShares Core MSCI EAFE ETF 11.2 7 73 7.4 -0.4
EWN iShares MSCI Netherlands ETF 11.2 50 30 5.1 -2.6
QEFA SPDR MSCI EAFE Quality Mix ETF 11.2 30 50 6.9 -0.8
EFV iShares MSCI EAFE Value ETF 11.2 39 41 9.6 +1.9
GSID Goldman Sachs MarketBeta International Equity ETF 11.2 20 60 7.4 -0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 11.2 29 51 7.7 0.0
ESGD iShares MSCI EAFE ESG Optimized ETF 11.1 20 60 7.0 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 11.0 30 50 11.5 +3.8
FEZ SPDR EURO STOXX 50 ETF 10.9 29 51 7.1 -0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.9 39 41 6.7 -1.1
DIM WisdomTree International MidCap Dividend Fund 10.8 58 22 7.8 +0.1
SCHF Schwab International Equity ETF 10.8 6 74 7.4 -0.3
ISDX Invesco Strategic Developed ex-US ETF 10.8 23 57 7.6 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 10.7 30 50 7.5 -0.3
BKIE BNY Mellon International Equity ETF 10.7 4 76 7.5 -0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 10.6 35 45 6.8 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 10.6 5 75 7.3 -0.4
DWM WisdomTree International Equity Fund 10.5 48 32 8.3 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.4 35 45 8.6 +0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 10.3 56 24 5.4 -2.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.3 58 22 6.1 -1.7
SPDW SPDR Portfolio Developed World ex-US ETF 10.2 4 76 7.2 -0.5
VEA Vanguard FTSE Developed Markets ETF 9.8 5 75 7.5 -0.2
PIZ Invesco DWA Developed Markets Momentum ETF 9.8 81 -1 4.2 -3.6
INTF iShares Edge MSCI Multifactor Intl ETF 9.7 30 50 7.9 +0.2
DOL WisdomTree International LargeCap Dividend Fund 9.6 48 32 8.6 +0.9
VYMI Vanguard International High Dividend Yield ETF 9.6 32 48 10.2 +2.5
DTH WisdomTree DEFA Equity Income Fund 9.3 58 22 9.8 +2.1
DWMF WisdomTree International Multifactor Fund 9.1 38 42 6.8 -0.9
JPIN JPMorgan Diversified Return International Equity ETF 9.0 37 43 8.1 +0.4
AVDE Avantis International Equity ETF 9.0 23 57 8.0 +0.2
DAX Global X DAX Germany ETF 8.9 21 59 7.6 -0.1
IDMO Invesco S&P International Developed Momentum ETF 8.8 26 54 4.5 -3.2
IEUS iShares MSCI Europe Small-Cap ETF 8.8 40 40 8.0 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.7 16 64 6.9 -0.8
FIVA Fidelity International Value Factor ETF 8.6 39 41 10.1 +2.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.6 65 15 11.0 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 8.4 32 48 7.3 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.3 40 40 7.1 -0.6
EFG iShares MSCI EAFE Growth ETF 8.2 40 40 4.6 -3.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 8.2 30 50 0.0 -7.7
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 8 72 7.6 -0.1

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%.

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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 Eurozone AlphaDEX ETF
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 9.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.