First Trust South Korea AlphaDEX
ALTAR
Score™
11.5% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.0x P/Sales
ratio
0.4x
P/BV
ratio
0.6x Div.
yield
2.7%


  • 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 19, 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 51
Wgt avg mkt cap (mns) $21,210
Large cap (>$10bn) 41.2%
Mid cap ($2-10bn) 58.2%
Small cap (<$2bn) 0.6%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
DAUM COMMUNICATIONS CORP 3.6 %
SAMSUNG ELECTRO-MECHANICS CO 3.6 %
LG CORP 3.4 %
NHN CORP 3.3 %
KT CORPORATION 3.3 %
SAMSUNG ENGINEERING CO LTD 3.2 %
HYUNDAI STEEL CO 3.2 %
GS HOLDINGS CORP 3.2 %
HANKOOK TIRE CO LTD 3.1 %
HLB CO., LTD. 3.0 %
Total 32.8 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 99.4 %










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.
-5.6% -5.6% -1.5% -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.89 33%
MSCI EAFE 1.28 56%
MSCI Emg. Mkts. 1.07 68%

Technical Indicators
Recent close $20.21
30d moving avg. $20.60
Annualized volatility 18.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.66%
ADV underlying (mns) $1,897

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust South Korea AlphaDEX 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™: 11.5%


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 43.1 9 71 9.9 -1.6
EWY iShares MSCI Korea 42.2 59 21 9.3 -2.2
FPA First Trust Asia Pac Ex-Japan AlphaDEX 26.9 80 0 8.6 -3.0
BICK First Trust BICK Index Fund 19.1 64 16 5.1 -6.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 13.2 49 31 8.6 -2.9
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 12.1 45 35 12.9 +1.4
REEM Invesco Emerging Markets Revenue ETF 11.3 46 34 11.4 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index 10.5 49 31 8.3 -3.3
XCEM Columbia EM Core ex-China 10.4 16 64 7.4 -4.1
DOGS Arrow Dogs of the World 10.4 164 -84 10.3 -1.2
FRDM Freedom 100 Emerging Markets ETF 10.1 49 31 7.8 -3.7
EMXC iShares MSCI Emerging Markets ex China 9.4 49 31 8.2 -3.4
AIA iShares S&P Asia 50 9.0 50 30 8.8 -2.8
EEMA iShares MSCI Emg Mkts Asia 9.0 50 30 8.2 -3.3
EMGF iShares Edge MSCI Multifactor Emerging Markets 8.6 45 35 9.4 -2.1
JHEM John Hancock Multifactor Emerging Markets 8.3 55 25 8.4 -3.2
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 7.9 51 29 11.9 +0.4
AAXJ iShares MSCI Asia ex-Japan 7.5 67 13 7.7 -3.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 7.4 30 50 8.1 -3.4
ESGE iShares MSCI EM ESG Optimized 7.3 25 55 8.8 -2.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 AlphaDEX
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 7.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 11.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 CATEGORY
AVERAGE
1.63
 
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.