First Trust Japan AlphaDEX Fund
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.1%


  • 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 18, 2011
Assets (mns) $40
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 100
Wgt avg mkt cap (mns) $14,140
Large cap (>$10bn) 42.6%
Mid cap ($2-10bn) 55.0%
Small cap (<$2bn) 2.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEC ELECTRONICS CORP 1.9 %
TOKYO ELECTRON LTD 1.8 %
BROTHER INDUSTRIES LTD 1.8 %
SUMITOMO METAL MINING CO LTD 1.7 %
TOSOH CORP 1.7 %
TOHOKU ELECTRIC POWER CO INC 1.7 %
CHUBU ELECTRIC POWER CO INC 1.7 %
CENTURY TOKYO LEASING CORP 1.7 %
IBIDEN CO LTD 1.7 %
KDDI CORPORATION 1.6 %
Total 17.3 %

TOP COUNTRY EXPOSURE
JAPAN 98.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.6% 3.6% 3.5% -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.74 70%
MSCI EAFE 0.77 76%
MSCI Emg. Mkts. 0.57 52%

Technical Indicators
Recent close $52.99
30d moving avg. $51.67
Annualized volatility 16.6%
Short interest (ETF) 0.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.9%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $6,962

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 8.0%


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
(%)
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 34.3 25 55 6.2 -1.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 32.8 9 71 6.6 -1.4
JPXN iShares JPX-Nikkei 400 ETF 32.8 48 32 6.2 -1.8
EWJ iShares MSCI Japan ETF 32.1 51 29 6.1 -1.9
ZJPN SPDR Solactive Japan ETF 32.1 14 66 6.5 -1.5
EWJE iShares MSCI Japan Equal Weighted ETF 31.6 15 65 6.4 -1.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 31.5 45 35 6.1 -1.9
BBJP JPMorgan BetaBuilders Japan ETF 31.1 19 61 6.4 -1.6
FLJP Franklin FTSE Japan ETF 30.6 9 71 6.5 -1.5
FLJH Franklin FTSE Japan Hedged ETF 30.5 9 71 6.5 -1.5
EWJV iShares MSCI Japan Value ETF 28.9 15 65 8.9 +1.0
DFAI Dimensional International Core Equity Market ETF 23.6 18 62 6.3 -1.7
DXJ WisdomTree Japan Hedged Equity Fund 21.6 48 32 7.4 -0.6
IPAC iShares Core MSCI Pacific ETF 20.9 9 71 6.3 -1.7
ESGN Columbia Sustainable International Equity Income ETF 20.5 45 35 9.2 +1.2
VPL Vanguard FTSE Pacific ETF 17.4 8 72 6.4 -1.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 17.4 83 -3 5.0 -3.0
IVLU iShares Edge MSCI Intl Value Factor ETF 17.4 30 50 9.9 +1.9
FDT First Trust Developed Markets ex-US Alphadex Fund 15.8 80 0 7.5 -0.5
RESD WisdomTree International ESG Fund 13.5 30 50 6.5 -1.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 13.4 35 45 7.6 -0.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.3 29 51 7.0 -1.0
IDLV Invesco S&P International Developed Low Volatility ETF 13.1 25 55 6.2 -1.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.7 35 45 5.9 -2.1
FIVA Fidelity International Value Factor ETF 12.6 39 41 8.7 +0.7
IQIN IQ 500 International ETF 12.2 25 55 7.5 -0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 11.7 30 50 4.1 -3.9
DWMF WisdomTree International Multifactor Fund 11.6 38 42 6.2 -1.8
JPIN JPMorgan Diversified Return International Equity ETF 11.6 37 43 7.0 -1.0
RBIN Nationwide Risk-Based International Equity ETF 11.2 42 38 6.0 -2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 10.9 12 68 6.2 -1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 10.6 30 50 6.3 -1.7
PDEV Principal International Multi-Factor Core Index ETF 10.3 25 55 7.0 -1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 10.3 20 60 6.1 -1.9
FDEV Fidelity Targeted International Factor ETF 10.3 39 41 6.1 -1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.3 14 66 6.1 -1.9
JHMD John Hancock Multifactor Developed International ETF 10.2 39 41 6.5 -1.5
EFV iShares MSCI EAFE Value ETF 10.2 39 41 8.3 +0.3
IDMO Invesco S&P International Developed Momentum ETF 10.1 26 54 3.7 -4.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 10.1 24 56 6.5 -1.5
GSID Goldman Sachs MarketBeta International Equity ETF 9.8 20 60 6.3 -1.7
DOL WisdomTree International LargeCap Dividend Fund 9.7 48 32 7.1 -0.9
DTH WisdomTree International High Dividend Fund 9.6 58 22 8.7 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.6 40 40 7.2 -0.8
EFA iShares MSCI EAFE ETF 9.5 32 48 6.2 -1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 9.5 20 60 6.4 -1.6
BKIE BNY Mellon International Equity ETF 9.4 4 76 6.5 -1.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.3 80 0 6.0 -2.0
QEFA SPDR MSCI EAFE Quality Mix ETF 9.3 30 50 6.0 -2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.3 35 45 6.1 -1.9
FNDF Schwab Fundamental International Large Co. Index ETF 9.3 25 55 7.6 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.2 20 60 6.3 -1.7
NUDM Nuveen ESG International Developed Markets Equity ETF 9.2 40 40 5.9 -2.1
DWM WisdomTree International Equity Fund 9.2 48 32 7.1 -0.9
IQSI IQ Candriam ESG International Equity ETF 9.1 15 65 6.4 -1.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.7 7 73 6.5 -1.5
IVAL Alpha Architect International Quantitative Value ETF 8.7 59 21 8.3 +0.3
FIDI Fidelity International High Dividend ETF 8.6 39 41 10.1 +2.2
INTF iShares Edge MSCI Multifactor Intl ETF 8.5 30 50 7.2 -0.8
QINT American Century Quality Diversified International ETF 8.4 39 41 5.6 -2.4
EFG iShares MSCI EAFE Growth ETF 8.3 40 40 4.1 -3.9
TPIF Timothy Plan International ETF 8.3 62 18 6.0 -2.0
DIM WisdomTree International MidCap Dividend Fund 8.2 58 22 7.0 -1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 8.2 39 41 5.5 -2.5
PIZ Invesco DWA Developed Markets Momentum ETF 8.2 81 -1 4.4 -3.6
IEFA iShares Core MSCI EAFE ETF 8.2 7 73 6.4 -1.6
CIL VictoryShares International Volatility Weighted Index ETF 8.1 45 35 6.3 -1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 8.0 45 35 6.3 -1.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 8.0 30 50 7.7 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.0 45 35 7.5 -0.5
SCHF Schwab International Equity ETF 8.0 6 74 6.5 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 7.8 4 76 6.2 -1.8
IDHQ Invesco S&P International Developed Quality ETF 7.8 29 51 4.7 -3.3
VWID Virtus WMC International Dividend ETF 7.7 49 31 7.3 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.7 25 55 6.0 -2.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 7.5 32 48 5.7 -2.3
ISDX Invesco RAFI Strategic Developed ex-US ETF 7.4 23 57 6.2 -1.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.4 30 50 5.2 -2.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.3 29 51 7.2 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 7.3 5 75 6.4 -1.6
VSGX Vanguard ESG International Stock ETF 7.3 17 63 6.3 -1.7
DOO WisdomTree International Dividend ex-Financials Fund 7.2 58 22 7.7 -0.3
IMOM Alpha Architect International Quantitative Momentum ETF 7.2 59 21 2.6 -5.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 7.1 20 60 8.3 +0.3
VEA Vanguard FTSE Developed Markets ETF 7.1 5 75 6.5 -1.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 6.9 20 60 5.0 -3.0
GCOW Pacer Global High Dividend ETF 6.9 60 20 9.9 +1.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 6.8 95 -15 4.9 -3.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.7 65 15 10.0 +2.0
IQDF FlexShares International Quality Dividend Index Fund 6.5 47 33 7.8 -0.2
DVYA iShares Asia/Pacific Dividend ETF 6.5 49 31 10.9 +2.9
FLM First Trust Global Engineering and Construction ETF 6.5 70 10 8.0 +0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 6.3 16 64 5.9 -2.1
RODE Hartford Multifactor Diversified International ETF 6.3 29 51 10.5 +2.5
CWI SPDR MSCI ACWI ex-US ETF 6.2 30 50 6.1 -1.9
IPKW Invesco International BuyBack Achievers ETF 6.2 55 25 7.0 -1.0

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 9.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.54
 
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.