First Trust Hong Kong AlphaDEX Fund
ALTAR
Score™
8.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.2x P/Sales
ratio
1.2x
P/BV
ratio
0.7x Div.
yield
3.3%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 14, 2012
Assets (mns) $3
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 39
Wgt avg mkt cap (mns) $8,072
Large cap (>$10bn) 29.6%
Mid cap ($2-10bn) 70.4%
Small cap (<$2bn) 0.0%
Developed mkts 91.9%
Emerging mkts 8.1%

TOP TEN HOLDINGS
HOPSON DEVELOPMENT HOLDINGS 6.1 %
CHINA YOUZAN LIMITED 5.0 %
FIT HON TENG LIMITED 4.7 %
KERRY LOGISTICS NETWORK LTD 4.4 %
TECHTRONIC INDUSTRIES CO 4.2 %
MAN WAH HOLDINGS LTD 4.1 %
SHIMAO PROPERTY HOLDINGS LTD 3.8 %
NINE DRAGONS PAPER HOLDINGS 3.7 %
KERRY PROPERTIES LTD 3.6 %
LEE & MAN PAPER MANUFACTURIN 3.6 %
Total 43.4 %

TOP COUNTRY EXPOSURE
HONG KONG 85.5 %
TAIWAN 4.7 %
CHINA 2.1 %
CAMBODIA 1.4 %
MACAU 0.7 %






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.
-10.3% -6.4% 0.3% -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.71 37%
MSCI EAFE 0.88 49%
MSCI Emg. Mkts. 0.82 68%

Technical Indicators
Recent close $32.98
30d moving avg. $32.00
Annualized volatility 20.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 2.99%
ADV underlying (mns) $1,056

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FHK Expense: 80 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FHK
Ticker Fund
Name
Overlap1
vs FHK
(%)
Expense
ratio
(bp)
Savings
vs FHK
(bp)
ALTAR
Score™
(%)
ALTAR
vs FHK
(%)
ZHOK SPDR Solactive Hong Kong ETF 22.2 14 66 6.8 -2.2
FLHK Franklin FTSE Hong Kong ETF 21.6 9 71 8.0 -0.9
EWH iShares MSCI Hong Kong ETF 19.3 49 31 6.8 -2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 17.6 80 0 7.3 -1.6
DVYA iShares Asia/Pacific Dividend ETF 13.4 49 31 12.8 +3.9
SCIX Global X Scientific Beta Asia ex-Japan ETF 9.9 38 42 6.6 -2.3
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.0 19 61 6.8 -2.1
EPP iShares MSCI Pacific ex-Japan ETF 7.4 48 32 6.5 -2.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 6.9 30 50 8.5 -0.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 6.8 59 21 10.9 +2.0
IDV iShares International Select Dividend ETF 6.0 49 31 10.0 +1.1
CHIM Global X China Materials ETF 5.5 66 14 8.4 -0.5
MOTI VanEck Vectors Morningstar International Moat ETF 4.7 57 23 8.4 -0.5
DRW WisdomTree Global ex-US Real Estate Fund 4.7 58 22 10.6 +1.7
AIA iShares Asia 50 ETF 4.1 50 30 7.9 -1.0
VGFO Virtus WMC Global Factor Opportunities ETF 4.1 49 31 7.8 -1.1
FID First Trust S&P International Dividend Aristocrats ETF 4.1 60 20 9.3 +0.4
WPS iShares International Developed Property ETF 3.9 48 32 7.9 -1.0
CHIR Global X MSCI China Real Estate ETF 3.8 65 15 16.9 +8.0
KGRN KraneShares MSCI China Environment Index ETF 3.8 80 0 7.7 -1.2
BJK VanEck Vectors Gaming ETF 3.7 66 14 5.0 -3.9
WDIV SPDR Global Dividend ETF 3.7 40 40 9.4 +0.5
DWMF WisdomTree International Multifactor Fund 3.6 38 42 6.6 -2.3
VIDI Vident International Equity Fund 3.6 59 21 10.9 +2.0
FDT First Trust Developed Markets ex-US Alphadex Fund 3.6 80 0 7.2 -1.7
TPIF Timothy Plan International ETF 3.5 62 18 6.2 -2.8
VNQI Vanguard Global ex-US Real Estate Index Fund 3.4 12 68 10.1 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 3.4 19 61 7.6 -1.3
GCOW Pacer Global High Dividend ETF 3.4 60 20 10.2 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.4 80 0 6.5 -2.4
LVHI Legg Mason International Low Volatility High Dividend ETF 3.3 40 40 9.0 +0.1
GQRE FlexShares Global Quality Real Estate Index Fund 3.3 45 35 6.9 -2.0
IFGL iShares International Developed Real Estate ETF 3.2 48 32 7.7 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.1 68 12 7.0 -2.0
CHIH Global X MSCI China Health Care ETF 3.1 66 14 3.5 -5.4
KURE KraneShares MSCI All China Health Care Index ETF 3.1 65 15 2.7 -6.2
CHNA Loncar China BioPharma ETF 3.1 79 1 1.7 -7.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 3.0 10 70 9.2 +0.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 3.0 45 35 9.8 +0.9
IPAC iShares Core MSCI Pacific ETF 2.9 9 71 7.2 -1.7
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 2.8 83 -3 5.3 -3.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 2.8 20 60 9.4 +0.5
ECNS iShares MSCI China Small-Cap ETF 2.8 59 21 11.1 +2.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.8 45 35 9.3 +0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 2.7 29 51 7.6 -1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 2.7 32 48 6.1 -2.8
JPIN JPMorgan Diversified Return International Equity ETF 2.5 37 43 7.8 -1.1
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.5 39 41 11.1 +2.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 2.5 50 30 6.0 -2.9
VPL Vanguard FTSE Pacific ETF 2.5 8 72 7.5 -1.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 2.4 30 50 6.0 -2.9
VEGI iShares MSCI Global Agriculture Producers ETF 2.4 39 41 5.5 -3.4
DIM WisdomTree International MidCap Dividend Fund 2.4 58 22 7.5 -1.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 2.3 35 45 8.5 -0.4
SDG iShares Sustainable MSCI Global Impact ETF 2.2 49 31 5.5 -3.4
CHIQ Global X China Consumer ETF 2.2 65 15 7.0 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 2.1 30 50 11.3 +2.4
CIL VictoryShares International Volatility Weighted Index ETF 2.1 45 35 6.5 -2.4
IDLV Invesco S&P International Developed Low Volatility ETF 2.1 25 55 6.7 -2.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 2.1 45 35 6.5 -2.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 2.1 45 35 7.0 -1.9
ESGN Columbia Sustainable International Equity Income ETF 2.0 45 35 10.4 +1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.0 95 -15 9.2 +0.3
INTF iShares Edge MSCI Multifactor Intl ETF 2.0 30 50 7.7 -1.2
IMOM Alpha Architect International Quantitative Momentum ETF 1.9 59 21 3.3 -5.6
CHIS Global X MSCI China Consumer Staples ETF 1.9 67 13 3.2 -5.7
IVAL Alpha Architect International Quantitative Value ETF 1.9 59 21 10.1 +1.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 1.9 45 35 8.8 -0.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.9 80 0 10.0 +1.1
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 30 10.6 +1.7
KOIN Innovation Shares NextGen Protocol ETF 1.8 95 -15 4.1 -4.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 1.8 20 60 10.8 +1.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 20 8.5 -0.4
GXC SPDR S&P China ETF 1.7 59 21 8.0 -0.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 1.6 30 50 0.0 -8.9
IDY Pacific Global International Equity Income ETF 1.6 39 41 7.9 -1.0
BFIT Global X Health & Wellness Thematic ETF 1.5 50 30 4.7 -4.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 1.5 20 60 5.4 -3.5
QEFA SPDR MSCI EAFE Quality Mix ETF 1.5 30 50 6.8 -2.1
PDEV Principal International Multi-Factor Core Index ETF 1.5 25 55 7.7 -1.2
DVEM WisdomTree Emerging Markets Dividend Fund 1.5 32 48 8.1 -0.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.5 49 31 6.5 -2.4
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 1.4 60 20 7.2 -1.7
DWX SPDR S&P International Dividend ETF 1.4 45 35 7.6 -1.4
CUT Invesco MSCI Global Timber ETF 1.4 61 19 8.7 -0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 51 8.5 -0.4
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 41 7.1 -1.8
JHMD John Hancock Multifactor Developed International ETF 1.3 39 41 7.3 -1.6
RNDM Developed International Equity Select ETF 1.3 65 15 6.2 -2.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 1.3 50 30 3.7 -5.3
ISZE iShares Edge MSCI Intl Size Factor ETF 1.3 30 50 7.2 -1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 1.3 49 31 11.3 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 1.2 20 60 7.2 -1.7
IDHQ Invesco S&P International Developed Quality ETF 1.2 29 51 5.0 -3.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.2 25 55 6.5 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 1.2 29 51 6.4 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 1.2 48 32 9.3 +0.4
MCHI iShares MSCI China ETF 1.2 59 21 7.8 -1.1
AVDE Avantis International Equity ETF 1.1 23 57 7.7 -1.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.1 45 35 13.2 +4.3

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 Hong Kong 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 7.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.45
 
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.