First Trust South Korea AlphadDEX Fund
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.9x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
2.3%


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

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 18, 2011
Assets (mns) $2
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 50
Wgt avg mkt cap (mns) $15,147
Large cap (>$10bn) 50.1%
Mid cap ($2-10bn) 49.4%
Small cap (<$2bn) 0.6%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
GLOVIS CO LTD 4.7 %
KIA MOTORS CORPORATION 4.4 %
HYUNDAI MOTOR CO 4.1 %
CJ CHEILJEDANG CORP 3.6 %
POSCO 3.6 %
HONAM PETROCHEMICAL CORP 3.4 %
DAUM COMMUNICATIONS CORP 3.2 %
INDUSTRIAL BANK OF KOREA 3.0 %
KT CORPORATION 2.9 %
LG UPLUS CORP 2.9 %
Total 35.7 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 97.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.4% 3.4% -0.7% -- -3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.98 57%
MSCI EAFE 1.19 69%
MSCI Emg. Mkts. 0.99 77%

Technical Indicators
Recent close $20.81
30d moving avg. $20.25
Annualized volatility 22.9%
Short interest (ETF) 8.3%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4
Turnover 4.0%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $4,920

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FKO Expense: 80 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FKO
Ticker Fund
Name
Overlap1
vs FKO
(%)
Expense
ratio
(bp)
Savings
vs FKO
(bp)
ALTAR
Score™
(%)
ALTAR
vs FKO
(%)
FLKR Franklin FTSE South Korea ETF 44.5 9 71 8.7 -0.6
EWY iShares MSCI South Korea ETF 44.2 59 21 8.4 -1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 35.4 80 0 7.5 -1.9
BICK First Trust BICK Index Fund 18.2 64 16 4.6 -4.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.7 45 35 14.3 +5.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 14.7 49 31 7.9 -1.5
XCEM Columbia EM Core ex-China ETF 13.1 16 64 7.1 -2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 12.3 49 31 7.7 -1.7
FRDM Freedom 100 Emerging Markets ETF 12.1 49 31 6.5 -2.9
EMXC iShares MSCI Emerging Markets ex China ETF 10.6 25 55 8.1 -1.3
FDT First Trust Developed Markets ex-US Alphadex Fund 10.2 80 0 7.3 -2.1
AIA iShares Asia 50 ETF 8.9 50 30 7.8 -1.6
EEMA iShares MSCI Emerging Markets Asia ETF 8.8 50 30 7.6 -1.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 8.6 60 20 4.4 -4.9
JHEM John Hancock Multifactor Emerging Markets ETF 8.0 49 31 8.7 -0.7
CARZ First Trust NASDAQ Global Auto Index Fund 8.0 70 10 12.9 +3.6
EEMO Invesco S&P Emerging Markets Momentum ETF 7.8 29 51 4.0 -5.4
NUEM Nuveen ESG Emerging Markets Equity ETF 7.7 45 35 6.7 -2.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.7 30 50 7.6 -1.8
DVEM WisdomTree Emerging Markets Dividend Fund 7.5 32 48 7.2 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.4 68 12 7.0 -2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.3 45 35 7.5 -1.9
BKEM BNY Mellon Emerging Markets Equity ETF 7.1 11 69 8.2 -1.1
ESGE iShares ESG MSCI EM ETF 6.9 25 55 8.5 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 6.8 19 61 7.6 -1.8
EKAR Innovation Shares NextGen Vehicles & Technology ETF 6.6 95 -15 6.8 -2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.6 65 15 7.4 -2.0
EEM iShares MSCI Emerging Markets ETF 6.5 68 12 7.3 -2.0
KMED KraneShares Emerging Markets Healthcare Index ETF 6.4 79 1 2.4 -6.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.2 36 44 7.2 -2.1
BLOK Amplify Transformational Data Sharing ETF 6.2 70 10 4.3 -5.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.0 86 -6 2.1 -7.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.0 32 48 5.6 -3.7
IEMG iShares Core MSCI Emerging Markets ETF 5.9 13 67 7.8 -1.5
VPL Vanguard FTSE Pacific ETF 5.8 8 72 7.3 -2.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.8 50 30 19.3 +9.9
IDRV iShares Self-driving EV & Tech ETF 5.8 47 33 6.1 -3.3
EMMF WisdomTree Emerging Markets Multifactor Fund 5.8 48 32 9.6 +0.2
SOCL Global X Social Media ETF 5.8 65 15 1.6 -7.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.2 30 50 8.7 -0.7
JPIN JPMorgan Diversified Return International Equity ETF 5.0 37 43 7.8 -1.5
AVEM Avantis Emerging Markets Equity ETF 4.9 33 47 8.7 -0.6
FDNI First Trust Dow Jones International Internet ETF 4.9 65 15 2.0 -7.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 4.8 25 55 7.9 -1.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.8 59 21 11.0 +1.6
ROAM Hartford Multifactor Emerging Markets ETF 4.8 44 36 13.0 +3.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.8 20 60 6.7 -2.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 4.6 45 35 8.4 -0.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 4.5 45 35 9.1 -0.3
MOTO SmartETFs Smart Transportation & Technology ETF 4.4 68 12 6.7 -2.6
LIT Global X Lithium & Battery Tech ETF 4.4 75 5 2.6 -6.8
BATT Amplify Advanced Battery Metals & Materials ETF 4.4 59 21 2.4 -7.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.3 59 21 12.1 +2.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.3 40 40 7.2 -2.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.3 45 35 11.0 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.2 25 55 8.8 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 4.2 45 35 7.0 -2.4
CIL VictoryShares International Volatility Weighted Index ETF 4.2 45 35 6.9 -2.4
RNDM Developed International Equity Select ETF 4.1 65 15 6.2 -3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.0 32 48 8.9 -0.4
DWCR Arrow DWA Country Rotation ETF 3.9 95 -15 13.4 +4.0
ISDX Invesco Strategic Developed ex-US ETF 3.8 23 57 7.4 -1.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 3.7 45 35 6.5 -2.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.6 65 15 10.8 +1.5
TPIF Timothy Plan International ETF 3.6 62 18 6.3 -3.1
HFXI IQ 50 Percent Hedged FTSE International ETF 3.6 20 60 7.5 -1.9
VIDI Vident International Equity Fund 3.6 59 21 11.3 +1.9
BTEK BlackRock Future Tech ETF 3.5 88 -8 0.7 -8.7
DRIV Global X Autonomous & Electric Vehicles ETF 3.5 68 12 5.8 -3.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.4 45 35 8.9 -0.4
NXTG First Trust Indxx NextG ETF 3.2 70 10 5.9 -3.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 3.1 7 73 7.5 -1.9
IRBO iShares Robotics & Artificial Intelligence ETF 3.1 47 33 2.5 -6.8
SCHF Schwab International Equity ETF 3.0 6 74 7.3 -2.1
LOUP Innovator Loup Frontier Tech ETF 2.8 70 10 2.9 -6.5
VEA Vanguard FTSE Developed Markets ETF 2.7 5 75 7.4 -2.0
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 20 9.9 +0.6
WDIV SPDR Global Dividend ETF 2.6 40 40 9.9 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.5 40 40 7.0 -2.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 2.5 24 56 6.9 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 2.5 32 48 7.2 -2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.4 29 51 10.0 +0.7
VSGX Vanguard ESG International Stock ETF 2.3 17 63 7.0 -2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.3 39 41 6.9 -2.4
IXUS ishares Core MSCI Total International Stock ETF 2.3 9 71 7.3 -2.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.2 63 17 15.0 +5.7
HERO Global X Video Games & Esports ETF 2.1 50 30 2.9 -6.4
ESPO VanEck Vectors Video Gaming & eSports ETF 2.1 55 25 2.7 -6.6
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 2.1 25 55 2.2 -7.2
VXUS Vanguard Total International Stock Index Fund 2.1 8 72 7.5 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 2.0 8 72 7.5 -1.9
SIL Global X Silver Miners ETF 2.0 66 14 1.6 -7.7
MXI iShares Global Materials ETF 2.0 45 35 5.7 -3.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.9 70 10 4.0 -5.3
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 4 76 7.1 -2.3
GAMR ETFMG Video Game Tech ETF 1.8 75 5 2.3 -7.0
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 50 7.2 -2.2
SDEM Global X SuperDividend Emerging Markets ETF 1.8 66 14 18.2 +8.9
URA Global X Uranium ETF 1.7 71 9 0.7 -8.6

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 South Korea AlphadDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.8 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 CATEGORY
AVERAGE
1.57
 
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.