First Trust Japan AlphaDEX Fund
ALTAR
Score™
9.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
2.5%


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

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $52
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 99
Wgt avg mkt cap (mns) $13,082
Large cap (>$10bn) 38.5%
Mid cap ($2-10bn) 61.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WELCIA HOLDINGS CO LTD 2.4 %
CHUGAI PHARMACEUTICAL CO LTD 2.4 %
TSURUHA HOLDINGS INC 2.2 %
SO-NET M3 INC 2.0 %
YAHOO! JAPAN CORP 1.8 %
HASEKO CORP 1.7 %
NIHON M&A CENTER INC 1.7 %
ITOCHU CORP 1.7 %
TAIYO YUDEN CO LTD 1.7 %
SHOWA DENKO K K 1.7 %
Total 19.3 %

TOP COUNTRY EXPOSURE
JAPAN 94.4 %










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.
-8.9% 1.5% -0.7% -- 2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.76 70%
MSCI EAFE 0.86 76%
MSCI Emg. Mkts. 0.62 61%

Technical Indicators
Recent close $46.90
30d moving avg. $43.06
Annualized volatility 15.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.0%
Bid/Ask (% of price) 0.81%
ADV underlying (mns) $5,595

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Japan AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FJP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FJP Expense: 80 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FJP
Ticker Fund
Name
Overlap1
vs FJP
(%)
Expense
ratio
(bp)
Savings
vs FJP
(bp)
ALTAR
Score™
(%)
ALTAR
vs FJP
(%)
SCIJ Global X Scientific Beta Japan ETF 30.4 39 41 7.2 -2.1
EWJV iShares MSCI Japan Value ETF 27.9 15 65 10.9 +1.7
EWJE iShares MSCI Japan Equal Weighted ETF 26.7 15 65 7.1 -2.1
JPXN iShares JPX-Nikkei 400 ETF 23.7 48 32 7.5 -1.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.6 25 55 7.6 -1.6
QJPN SPDR MSCI Japan StrategicFactors ETF 23.5 14 66 8.0 -1.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.3 9 71 7.9 -1.3
EWJ iShares MSCI Japan ETF 22.8 49 31 7.4 -1.8
BBJP JPMorgan BetaBuilders Japan ETF 22.5 19 61 7.7 -1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 22.4 45 35 7.5 -1.7
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 21.9 30 50 7.6 -1.6
FLJP Franklin FTSE Japan ETF 21.8 9 71 7.8 -1.4
FLJH Franklin FTSE Japan Hedged ETF 21.4 9 71 7.8 -1.4
JPMV iShares Edge MSCI Min Vol Japan ETF 20.3 30 50 6.9 -2.4
DXJ WisdomTree Japan Hedged Equity Fund 19.4 48 32 8.5 -0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 17.3 80 0 7.9 -1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 16.9 30 50 11.6 +2.4
IPAC iShares Core MSCI Pacific ETF 15.6 9 71 7.6 -1.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 15.2 83 -3 7.3 -1.9
VPL Vanguard FTSE Pacific ETF 13.6 8 72 8.0 -1.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 13.4 35 45 8.8 -0.4
FIVA Fidelity International Value Factor ETF 13.3 39 41 10.5 +1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.2 29 51 8.3 -0.9
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 12.8 43 37 9.2 -0.1
IQIN IQ 500 International ETF 12.1 25 55 9.3 +0.1
DIM WisdomTree International MidCap Dividend Fund 10.9 58 22 7.9 -1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.6 29 51 8.9 -0.3
IVAL Alpha Architect International Quantitative Value ETF 10.3 59 21 10.5 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 10.3 25 55 7.0 -2.3
RBIN Nationwide Risk-Based International Equity ETF 10.2 42 38 6.5 -2.7
JPIN JPMorgan Diversified Return International Equity ETF 10.2 38 42 8.1 -1.1
ESGN Columbia Sustainable International Equity Income ETF 10.1 45 35 11.4 +2.2
EFV iShares MSCI EAFE Value ETF 10.1 39 41 10.4 +1.2
DWMF WisdomTree International Multifactor Fund 9.9 38 42 6.9 -2.3
IDY Pacific Global International Equity Income ETF 9.8 39 41 8.3 -0.9
FNDF Schwab Fundamental International Large Co. Index ETF 9.7 25 55 9.0 -0.2
JHMD John Hancock Multifactor Developed International ETF 9.4 45 35 7.6 -1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 9.3 30 50 7.2 -2.1
JPGE JPMorgan Diversified Return Global Equity ETF 9.3 29 51 7.5 -1.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 9.0 30 50 5.0 -4.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.8 29 51 12.6 +3.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 8.8 48 32 0.0 -9.2
QINT American Century Quality Diversified International ETF 8.5 39 41 6.1 -3.2
ISDX Invesco Strategic Developed ex-US ETF 8.3 23 57 7.7 -1.5
FDEV Fidelity Targeted International Factor ETF 8.2 39 41 6.7 -2.6
DOO WisdomTree International Dividend ex-Financials Fund 8.1 58 22 8.9 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 7.9 39 41 6.9 -2.4
PDEV Principal International Multi-Factor Core Index ETF 7.9 25 55 8.1 -1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.9 24 56 7.4 -1.8
TPIF Timothy Plan International ETF 7.8 62 18 7.2 -2.0
INTF iShares Edge MSCI Multifactor Intl ETF 7.8 30 50 8.5 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.5 45 35 9.2 +0.0
FIDI Fidelity International High Dividend ETF 7.4 39 41 11.3 +2.1
HFXI IQ 50 Percent Hedged FTSE International ETF 7.3 20 60 7.8 -1.5
ESGD iShares MSCI EAFE ESG Optimized ETF 7.2 20 60 7.4 -1.8
EFA iShares MSCI EAFE ETF 7.1 32 48 7.4 -1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.0 35 45 7.2 -2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 7.0 35 45 8.8 -0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 6.8 80 0 6.1 -3.1
KLDW Gavekal Knowledge Leaders Developed World ETF 6.8 75 5 4.9 -4.4
QEFA SPDR MSCI EAFE Quality Mix ETF 6.7 30 50 6.9 -2.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.6 7 73 7.8 -1.4
CIL VictoryShares International Volatility Weighted Index ETF 6.6 45 35 6.9 -2.3
DWM WisdomTree International Equity Fund 6.6 48 32 8.5 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.5 20 60 7.5 -1.7
SPDW SPDR Portfolio Developed World ex-US ETF 6.4 4 76 7.4 -1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 6.4 25 55 7.0 -2.2
IQSI IQ Candriam ESG International Equity ETF 6.3 15 65 7.5 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 6.3 83 -3 6.5 -2.7
IEFA iShares Core MSCI EAFE ETF 6.3 7 73 7.5 -1.7
SCHF Schwab International Equity ETF 6.1 6 74 7.6 -1.6
NUDM Nuveen ESG International Developed Markets Equity ETF 6.0 40 40 7.1 -2.1
PIZ Invesco DWA Developed Markets Momentum ETF 5.8 80 0 4.4 -4.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 5.8 14 66 7.2 -2.0
IDMO Invesco S&P International Developed Momentum ETF 5.8 25 55 4.7 -4.5
IDEV iShares Core MSCI International Developed Markets ETF 5.5 5 75 7.5 -1.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 5.5 45 35 7.4 -1.9
FYLD Cambria Foreign Shareholder Yield ETF 5.5 59 21 9.8 +0.5
IMOM Alpha Architect International Quantitative Momentum ETF 5.5 59 21 4.3 -4.9
DOL WisdomTree International LargeCap Dividend Fund 5.4 48 32 8.8 -0.4
VEA Vanguard FTSE Developed Markets ETF 5.4 5 75 7.6 -1.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.4 45 35 10.2 +1.0
RNDM Developed International Equity Select ETF 5.3 65 15 6.5 -2.7
CWI SPDR MSCI ACWI ex-US ETF 5.1 30 50 7.9 -1.4
AVDE Avantis International Equity ETF 5.1 23 57 8.2 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.1 39 41 9.4 +0.1
EXI iShares Global Industrials ETF 5.0 46 34 6.4 -2.8
DTH WisdomTree DEFA Equity Income Fund 5.0 58 22 9.9 +0.7
WLDR Affinity World Leaders Equity ETF 4.9 47 33 9.7 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 4.9 32 48 7.7 -1.5
RXI iShares Global Consumer Discretionary ETF 4.9 46 34 5.6 -3.6
CARZ First Trust NASDAQ Global Auto Index Fund 4.8 70 10 15.9 +6.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.7 40 40 7.6 -1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 4.7 32 48 6.6 -2.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 4.7 20 60 6.0 -3.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.7 65 15 12.0 +2.8
VEU Vanguard FTSE All-World ex-US Index Fund 4.7 8 72 8.0 -1.2
EFG iShares MSCI EAFE Growth ETF 4.3 40 40 4.8 -4.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.3 47 33 13.1 +3.9

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.