First Trust Large Cap Core AlphaDEX Fund
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.7x P/Sales
ratio
1.7x
P/BV
ratio
2.0x Div.
yield
2.0%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $966
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 376
Wgt avg mkt cap (mns) $68,538
Large cap (>$10bn) 87.4%
Mid cap ($2-10bn) 12.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ONEOK INC 0.6 %
COUPA SOFTWARE, INC. 0.6 %
DR HORTON INC 0.6 %
DIAMONDBACK ENERGY INC 0.6 %
ROYAL CARIBBEAN CRUISES LTD 0.6 %
CONTINENTAL RESOURCES INC/OK 0.6 %
OKTA, INC. CLASS A 0.6 %
TESLA MOTORS INC 0.6 %
DISH NETWORK CORP-A 0.6 %
LENNAR CORP-CL A 0.6 %
Total 5.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.3 %
BRITAIN 0.8 %
SWITZERLAND 0.7 %
BERMUDA 0.5 %






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.
-9.8% 4.3% 5.9% 10.9% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.19 97%
MSCI EAFE 1.21 86%
MSCI Emg. Mkts. 0.90 73%

Technical Indicators
Recent close $61.16
30d moving avg. $55.53
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.4%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.4%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $225,276

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Large Cap Core AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FEX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEX Expense: 60 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEX
Ticker Fund
Name
Overlap1
vs FEX
(%)
Expense
ratio
(bp)
Savings
vs FEX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FEX
(%)
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 59.6 9 51 5.8 -0.1
RSP Invesco S&P 500 Equal Weight ETF 55.7 20 40 6.6 +0.7
SIZE iShares Edge MSCI USA Size Factor ETF 54.0 15 45 5.8 -0.1
EUSA iShares MSCI USA Equal Weighted ETF 53.8 15 45 6.0 +0.0
FTA First Trust Large Cap Value AlphaDEX Fund 53.3 60 0 8.6 +2.7
TUSA First Trust Total US Market AlphaDEX ETF 52.3 70 -10 5.9 -0.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 50.4 35 25 5.7 -0.2
RNLC Large Cap US Equity Select ETF 49.5 60 0 6.0 +0.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 49.3 17 43 6.8 +0.9
JHML John Hancock Multifactor Large Cap ETF 48.7 34 26 5.5 -0.4
SCIU Global X Scientific Beta US ETF 47.9 19 41 5.7 -0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 47.6 71 -11 8.9 +3.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.2 9 51 5.6 -0.4
FTC First Trust Large Cap Growth AlphaDEX Fund 45.1 61 -1 3.0 -2.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 44.6 66 -6 2.6 -3.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 42.5 17 43 6.4 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 42.4 30 30 6.6 +0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 42.0 20 40 6.4 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 41.6 19 41 6.1 +0.2
AVUS Avantis U.S. Equity ETF 41.0 15 45 5.7 -0.2
VLU SPDR S&P 1500 Value Tilt ETF 40.9 12 48 7.1 +1.2
PBUS Invesco PureBeta MSCI USA ETF 40.6 4 56 5.3 -0.6
PBP Invesco S&P 500 BuyWrite ETF 40.4 49 11 5.1 -0.8
VV Vanguard Large-Cap Index Fund 40.3 4 56 5.3 -0.6
SCHX Schwab U.S. Large-Cap ETF 40.3 3 57 5.4 -0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 40.2 29 31 6.5 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.2 2 58 5.4 -0.5
SFY SoFi Select 500 ETF 40.1 0 60 5.3 -0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 40.0 29 31 7.0 +1.1
EPS WisdomTree U.S. Earnings 500 Fund 39.8 8 52 6.4 +0.5
HSPX Global X S&P 500 Covered Call ETF 39.6 65 -5 4.9 -1.0
SCHK Schwab 1000 Index ETF 39.4 5 55 5.3 -0.6
IWB iShares Russell 1000 ETF 39.3 15 45 5.2 -0.7
IYY iShares Dow Jones U.S. ETF 39.2 20 40 5.2 -0.7
VONE Vanguard Russell 1000 ETF 39.1 8 52 5.3 -0.6
IVV iShares Core S&P 500 ETF 38.7 4 56 5.5 -0.5
SPLG SPDR Portfolio Large Cap ETF 38.7 3 57 5.5 -0.5
SPY SPDR S&P 500 ETF Trust 38.7 9 51 5.4 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 38.7 39 21 6.6 +0.7
RWL Invesco S&P 500 Revenue ETF 38.5 39 21 6.7 +0.7
VTI Vanguard Total Stock Market Index Fund 38.4 3 57 5.2 -0.7
VOO VANGUARD S&P 500 ETF 38.4 3 57 5.5 -0.5
SCHB Schwab U.S. Broad Market ETF 38.3 3 57 5.3 -0.6
AFLG First Trust Active Factor Large Cap ETF 38.3 55 5 5.6 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.3 3 57 5.2 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.3 25 35 6.4 +0.5
IWV iShares Russell 3000 ETF 37.9 20 40 5.1 -0.8
IWR iShares Russell Midcap ETF 37.9 19 41 5.6 -0.4
VTHR Vanguard Russell 3000 Index Fund 37.8 10 50 5.2 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 37.4 27 33 5.4 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 37.4 3 57 5.6 -0.4
FCTR First Trust Lunt U.S. Factor Rotation ETF 37.3 65 -5 4.8 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 37.3 20 40 5.5 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.2 25 35 6.4 +0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.8 75 -15 3.7 -2.2
SPXT ProShares S&P 500 Ex-Technology ETF 36.7 27 33 5.6 -0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 36.5 30 30 5.1 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 36.4 29 31 5.3 -0.6
VO Vanguard Mid-Cap Index Fund 36.4 4 56 5.4 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 36.4 15 45 5.1 -0.8
RNDV US Equity Dividend Select ETF 36.1 50 10 7.4 +1.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 35.9 20 40 7.5 +1.6
EQAL Invesco Russell 1000 Equal Weight ETF 35.7 20 40 4.9 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 35.5 15 45 5.8 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 35.2 27 33 5.1 -0.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 35.0 25 35 6.1 +0.1
ROUS Hartford Multifactor US Equity ETF 34.7 19 41 7.1 +1.2
IVE iShares S&P 500 Value ETF 34.5 18 42 7.0 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 34.5 4 56 7.2 +1.2
ESGV Vanguard ESG U.S. Stock ETF 34.5 12 48 5.3 -0.6
VOOV Vanguard S&P 500 Value ETF 34.4 15 45 7.1 +1.1
BFOR Barron's 400 ETF 34.3 66 -6 6.2 +0.2
IWD iShares Russell 1000 Value ETF 34.3 19 41 6.9 +1.0
IUS Invesco Strategic US ETF 34.2 19 41 6.2 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.2 29 31 6.1 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.1 20 40 5.0 -0.9
VONV Vanguard Russell 1000 Value Index Fund 33.9 8 52 7.0 +1.1
IUSV iShares Core S&P U.S. Value ETF 33.5 4 56 7.2 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 33.5 25 35 6.3 +0.4
EXT WisdomTree U.S. Total Earnings Fund 33.5 28 32 5.7 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 33.4 35 25 5.7 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 33.3 27 33 5.1 -0.8
TOK iShares MSCI Kokusai ETF 33.3 25 35 5.7 -0.2
MGC Vanguard Mega Cap Index Fund 33.2 7 53 5.3 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 33.2 44 16 5.6 -0.3
JMOM JPMorgan U.S. Momentum Factor ETF 32.9 12 48 3.9 -2.0
AUSF Global X Adaptive U.S. Factor ETF 32.4 27 33 7.8 +1.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 32.3 34 26 5.2 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.3 12 48 5.1 -0.8
URTH iShares MSCI World ETF 32.1 24 36 5.8 -0.1
VTV Vanguard Value Index Fund 31.8 4 56 7.1 +1.2
IQSU IQ Candriam ESG US Equity ETF 31.8 9 51 5.3 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 31.6 15 45 6.2 +0.3
TPLC Timothy Plan US Large Cap Core ETF 31.6 52 8 5.3 -0.6
SNPE Xtrackers S&P 500 ESG ETF 31.5 11 49 5.2 -0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 31.5 35 25 5.8 -0.1
JVAL JPMorgan U.S. Value Factor ETF 31.2 12 48 8.5 +2.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 30.5 20 40 6.8 +0.9
SCHV Schwab U.S. Large-Cap Value ETF 30.5 4 56 6.9 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 30.5 28 32 6.3 +0.3

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 Large Cap Core 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 12.7 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.53
 
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.