First Trust Germany AlphaDEX Fund
ALTAR
Score™
6.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
45.9x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Germany AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Germany Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 14, 2012
Assets (mns) $84
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 40
Wgt avg mkt cap (mns) $17,438
Large cap (>$10bn) 48.7%
Mid cap ($2-10bn) 50.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DELIVERY HERO SE 6.0 %
BECHTLE AG 5.8 %
RWE AG 5.2 %
EVONIK INDUSTRIES AG 3.9 %
ZALANDO SE 3.8 %
PORSCHE AUTOMOBIL HLDG-PFD 3.6 %
TAG IMMOBILIEN AG 3.5 %
KION GROUP AG 3.4 %
TALANX AG 3.3 %
BASF SE 3.3 %
Total 41.9 %

TOP COUNTRY EXPOSURE
GERMANY 96.1 %
LUXEMBOURG 3.2 %









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.
-8.2% -2.1% 3.1% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.15 78%
MSCI EAFE 1.31 87%
MSCI Emg. Mkts. 0.96 74%

Technical Indicators
Recent close $41.87
30d moving avg. $41.37
Annualized volatility 22.1%
Short interest (ETF) 0.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.84%
ADV underlying (mns) $4,508

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FGM Expense: 80 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FGM
Ticker Fund
Name
Overlap1
vs FGM
(%)
Expense
ratio
(bp)
Savings
vs FGM
(bp)
ALTAR
Score™
(%)
ALTAR
vs FGM
(%)
FLGR Franklin FTSE Germany ETF 29.4 9 71 7.3 +0.5
EWG iShares MSCI Germany ETF 29.2 49 31 6.9 +0.1
DBGR Xtrackers MSCI Germany Hedged Equity ETF 28.8 45 35 7.0 +0.3
DXGE WisdomTree Germany Hedged Equity Fund 26.5 48 32 8.8 +2.0
QDEU SPDR MSCI Germany Quality Mix ETF 24.5 14 66 7.5 +0.8
FEUZ First Trust Eurozone AlphaDEX ETF 22.6 80 0 7.7 +1.0
DAX Global X DAX Germany ETF 19.7 21 59 7.6 +0.8
FEP First Trust Europe AlphaDEX Fund 12.7 80 0 7.7 +1.0
EWGS iShares MSCI Germany Small Cap ETF 11.3 59 21 5.1 -1.6
EURZ Xtrackers Eurozone Equity ETF 10.8 9 71 7.1 +0.3
HEDJ WisdomTree Europe Hedged Equity Fund 10.7 58 22 6.9 +0.2
EZU iShares MSCI Eurozone ETF 10.6 49 31 6.6 -0.2
FDD First Trust Stoxx European Select Dividend Index Fund 10.6 58 22 11.6 +4.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 10.0 45 35 6.8 +0.0
IFEU iShares Europe Development Real Estate ETF 9.4 48 32 6.4 -0.3
CARZ First Trust NASDAQ Global Auto Index Fund 9.2 70 10 14.2 +7.4
FEZ SPDR EURO STOXX 50 ETF 8.7 29 51 7.1 +0.3
FTAG First Trust Indxx Global Agriculture ETF 8.4 70 10 6.4 -0.4
SMEZ SPDR EURO STOXX Small Cap ETF 8.1 45 35 6.3 -0.4
DOO WisdomTree International Dividend ex-Financials Fund 7.8 58 22 8.9 +2.1
IQIN IQ 500 International ETF 7.0 25 55 9.0 +2.2
MOTI VanEck Vectors Morningstar International Moat ETF 6.5 57 23 8.5 +1.7
JPEU JPMorgan Diversified Return Europe Equity ETF 6.5 37 43 7.0 +0.3
DTH WisdomTree DEFA Equity Income Fund 6.1 58 22 9.8 +3.0
FDT First Trust Developed Markets ex-US Alphadex Fund 6.1 80 0 7.5 +0.8
RWX SPDR Dow Jones International Real Estate ETF 6.1 59 21 6.8 +0.0
EFV iShares MSCI EAFE Value ETF 5.8 39 41 9.6 +2.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 5.7 25 55 6.5 -0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 5.6 30 50 6.8 +0.1
FLEH Franklin FTSE Europe Hedged ETF 5.6 9 71 7.1 +0.4
IDOG ALPS International Sector Dividend Dogs ETF 5.6 50 30 11.1 +4.3
FLEE Franklin FTSE Europe ETF 5.5 9 71 7.0 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 5.5 45 35 6.7 -0.1
IFGL iShares International Developed Real Estate ETF 5.5 48 32 7.8 +1.0
SCID Global X Scientific Beta Europe ETF 5.4 39 41 6.5 -0.3
IEV iShares Europe ETF 5.3 59 21 6.8 +0.0
VGK Vanguard FTSE Europe ETF 5.2 8 72 7.4 +0.7
IEUR iShares Core MSCI Europe ETF 5.1 9 71 7.3 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 5.1 9 71 7.3 +0.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 5.1 35 45 8.9 +2.1
WPS iShares International Developed Property ETF 5.0 48 32 8.1 +1.4
ISDX Invesco Strategic Developed ex-US ETF 5.0 23 57 7.6 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.9 45 35 9.0 +2.2
FEU SPDR Portfolio Europe ETF 4.9 9 71 7.4 +0.6
DOL WisdomTree International LargeCap Dividend Fund 4.5 48 32 8.6 +1.8
IDRV iShares Self-driving EV & Tech ETF 4.5 47 33 6.9 +0.2
VYMI Vanguard International High Dividend Yield ETF 4.5 32 48 10.2 +3.5
FNDF Schwab Fundamental International Large Co. Index ETF 4.5 25 55 8.9 +2.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 4.5 58 22 8.1 +1.3
XBUY Amplify International Online Retail ETF 4.5 69 11 -1.0 -7.8
IVLU iShares Edge MSCI Intl Value Factor ETF 4.5 30 50 11.5 +4.7
IMOM Alpha Architect International Quantitative Momentum ETF 4.5 59 21 3.4 -3.4
IGRO iShares International Dividend Growth ETF 4.4 22 58 8.1 +1.3
MOTO SmartETFs Smart Transportation & Technology ETF 4.3 68 12 7.4 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.3 35 45 8.6 +1.8
DWM WisdomTree International Equity Fund 4.2 48 32 8.3 +1.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.2 70 10 7.4 +0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 4.1 29 51 7.7 +1.0
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 4.1 10 70 9.3 +2.5
EUFN iShares MSCI Europe Financials ETF 4.1 48 32 11.6 +4.9
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.1 70 10 2.4 -4.4
JHMD John Hancock Multifactor Developed International ETF 3.9 39 41 7.5 +0.7
FIDI Fidelity International High Dividend ETF 3.9 39 41 11.2 +4.4
VNQI Vanguard Global ex-US Real Estate Index Fund 3.8 12 68 10.1 +3.4
IDY Pacific Global International Equity Income ETF 3.6 39 41 8.1 +1.3
PDEV Principal International Multi-Factor Core Index ETF 3.6 25 55 8.0 +1.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 3.6 20 60 7.1 +0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 3.6 40 40 7.0 +0.3
MXI iShares Global Materials ETF 3.6 46 34 6.0 -0.7
EFA iShares MSCI EAFE ETF 3.5 32 48 7.1 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 3.5 35 45 6.9 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 3.4 48 32 6.6 -0.1
GQRE FlexShares Global Quality Real Estate Index Fund 3.4 45 35 7.1 +0.4
FDNI First Trust Dow Jones International Internet ETF 3.3 65 15 2.2 -4.6
DIM WisdomTree International MidCap Dividend Fund 3.3 58 22 7.8 +1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 3.3 20 60 7.5 +0.8
INTF iShares Edge MSCI Multifactor Intl ETF 3.3 30 50 7.9 +1.2
ISZE iShares Edge MSCI Intl Size Factor ETF 3.2 30 50 7.5 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 3.2 7 73 7.6 +0.8
TPIF Timothy Plan International ETF 3.2 62 18 6.4 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 3.2 45 35 6.8 -0.0
IEFA iShares Core MSCI EAFE ETF 3.1 7 73 7.4 +0.6
PLAT WisdomTree Modern Tech Platforms Fund 3.1 45 35 1.1 -5.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.1 25 55 6.6 -0.1
RWO SPDR Dow Jones Global Real Estate ETF 3.1 50 30 7.3 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 3.1 25 55 5.0 -1.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 3.0 45 35 10.0 +3.3
RNDM Developed International Equity Select ETF 3.0 65 15 6.4 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 3.0 39 41 6.7 -0.1
SCHF Schwab International Equity ETF 3.0 6 74 7.4 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 3.0 24 56 7.3 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 3.0 58 22 6.1 -0.7
RXI iShares Global Consumer Discretionary ETF 3.0 46 34 5.2 -1.5
GSID Goldman Sachs MarketBeta International Equity ETF 2.9 20 60 7.4 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 2.9 5 75 7.3 +0.5
MVIN Natixis Seeyond International Minimum Volatility ETF 2.9 56 24 5.4 -1.4
VIDI Vident International Equity Fund 2.9 59 21 11.4 +4.7
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 2.9 60 20 7.4 +0.7

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 Germany AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.