First Trust South Korea AlphadDEX Fund
ALTAR
Score™
9.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
2.1%


  • 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) $14,220
Large cap (>$10bn) 39.6%
Mid cap ($2-10bn) 56.1%
Small cap (<$2bn) 4.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
DAUM COMMUNICATIONS CORP 6.5 %
NHN CORP 4.6 %
HLB CO., LTD. 3.8 %
SAMSUNG ELECTRO-MECHANICS CO 3.8 %
KT CORPORATION 3.4 %
SAMSUNG BIOLOGICS CO., LTD. 3.2 %
LG CORP 3.2 %
KOREA EXPRESS CO LTD 3.1 %
SK C&C CO LTD 2.8 %
GS HOLDINGS CORP 2.8 %
Total 37.1 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 99.7 %










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.
-16.7% -14.1% -6.8% -- -5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.00 58%
MSCI EAFE 1.17 68%
MSCI Emg. Mkts. 1.03 80%

Technical Indicators
Recent close $18.05
30d moving avg. $16.31
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $3,432

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.1%


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 43.6 9 71 9.9 +0.8
EWY iShares MSCI South Korea ETF 43.3 59 21 9.3 +0.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 29.1 80 0 8.2 -0.9
BICK First Trust BICK Index Fund 21.7 64 16 4.5 -4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 13.0 49 31 9.1 -0.1
DOGS Arrow Dogs of the World ETF 12.6 134 -54 11.5 +2.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 12.4 45 35 13.5 +4.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.2 49 31 8.4 -0.7
FRDM Freedom 100 Emerging Markets ETF 10.5 49 31 7.5 -1.6
XCEM Columbia EM Core ex-China ETF 10.0 16 64 7.9 -1.2
EMXC iShares MSCI Emerging Markets ex China ETF 9.9 49 31 8.5 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 8.5 50 30 8.5 -0.6
AIA iShares Asia 50 ETF 8.2 50 30 9.1 -0.0
JHEM John Hancock Multifactor Emerging Markets ETF 8.1 55 25 8.9 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 8.0 45 35 10.0 +0.9
SOCL Global X Social Media ETF 7.9 65 15 2.3 -6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 7.6 45 35 7.9 -1.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.6 80 0 1.7 -7.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 7.1 30 50 8.9 -0.2
ESGE iShares ESG MSCI EM ETF 7.1 25 55 9.8 +0.6
ROAM Hartford Multifactor Emerging Markets ETF 7.1 44 36 15.1 +6.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 7.1 68 12 8.0 -1.1
BLOK Amplify Transformational Data Sharing ETF 7.0 70 10 5.0 -4.1
DVEM WisdomTree Emerging Markets Dividend Fund 6.9 32 48 9.2 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 6.8 19 61 8.6 -0.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.6 86 -6 2.4 -6.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.5 45 35 9.8 +0.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.5 32 48 6.9 -2.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.5 45 35 8.8 -0.4
EEM iShares MSCI Emerging Markets ETF 6.4 68 12 8.3 -0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 6.4 65 15 8.4 -0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 5.9 80 0 7.9 -1.3
IEMG iShares Core MSCI Emerging Markets ETF 5.8 14 66 8.8 -0.4
EMCG WisdomTree Emerging Markets Consumer Growth Fund 5.7 32 48 7.9 -1.2
VPL Vanguard FTSE Pacific ETF 5.4 8 72 7.9 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.4 59 21 11.2 +2.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 5.4 48 32 10.0 +0.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.3 65 15 8.6 -0.5
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.0 64 16 5.3 -3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.0 30 50 9.5 +0.3
VIDI Vident International Equity Fund 4.8 59 21 11.6 +2.5
JPGE JPMorgan Diversified Return Global Equity ETF 4.8 29 51 7.4 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.5 25 55 8.9 -0.3
IDRV iShares Self-driving EV & Tech ETF 4.5 47 33 6.9 -2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.5 95 -15 10.2 +1.1
FDNI First Trust Dow Jones International Internet ETF 4.5 65 15 2.9 -6.3
ISDX Invesco Strategic Developed ex-US ETF 4.3 23 57 7.6 -1.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 4.2 25 55 8.5 -0.6
DRIV Global X Autonomous & Electric Vehicles ETF 4.2 68 12 6.0 -3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 4.2 48 32 9.9 +0.8
AVEM Avantis Emerging Markets Equity ETF 4.1 33 47 9.6 +0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 4.1 30 50 7.3 -1.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.0 40 40 7.9 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 3.7 38 42 8.0 -1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.7 45 35 9.1 -0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.7 29 51 9.9 +0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.6 32 48 9.6 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 3.6 20 60 7.7 -1.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.5 70 10 5.9 -3.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 3.4 45 35 7.3 -1.8
TPIF Timothy Plan International ETF 3.4 62 18 7.1 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.4 20 60 7.7 -1.4
URA Global X Uranium ETF 3.3 69 11 4.4 -4.7
KMED KraneShares Emerging Markets Healthcare Index ETF 3.2 79 1 2.5 -6.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 3.2 7 73 7.7 -1.4
RNDM Developed International Equity Select ETF 3.2 65 15 6.5 -2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.0 29 51 12.4 +3.3
SCHF Schwab International Equity ETF 3.0 6 74 7.5 -1.6
CARZ First Trust NASDAQ Global Auto Index Fund 3.0 70 10 15.7 +6.6
MOTO SmartETFs Smart Transportation & Technology ETF 2.9 68 12 8.3 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.9 65 15 11.9 +2.8
NXTG First Trust Indxx NextG ETF 2.7 70 10 6.1 -3.0
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 20 9.8 +0.7
IRBO iShares Robotics & Artificial Intelligence ETF 2.7 47 33 2.6 -6.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 2.6 45 35 10.0 +0.9
VEA Vanguard FTSE Developed Markets ETF 2.5 5 75 7.6 -1.6
WDIV SPDR Global Dividend ETF 2.5 40 40 9.8 +0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 41 7.6 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 2.4 32 48 7.6 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 2.4 40 40 7.5 -1.6
LIT Global X Lithium & Battery Tech ETF 2.3 75 5 3.5 -5.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.3 63 17 14.2 +5.1
LEGR First Trust Index Digital Transaction & Process Technology E 2.3 65 15 7.3 -1.9
CIL VictoryShares International Volatility Weighted Index ETF 2.2 45 35 6.8 -2.3
LOUP Innovator Loup Frontier Tech ETF 2.2 70 10 3.1 -6.0
PIO Invesco Global Water ETF 2.2 75 5 4.1 -5.0
AIQ Global X Future Analytics Tech ETF 2.1 68 12 4.2 -4.9
IXUS ishares Core MSCI Total International Stock ETF 2.1 9 71 7.7 -1.4
VSGX Vanguard ESG International Stock ETF 2.0 17 63 7.5 -1.6
VXUS Vanguard Total International Stock Index Fund 2.0 8 72 7.8 -1.3
SDG iShares Sustainable MSCI Global Impact ETF 1.9 49 31 6.2 -2.9
IXN iShares Global Tech ETF 1.8 46 34 4.8 -4.3
CRAK VanEck Vectors Oil Refiners ETF 1.8 60 20 12.0 +2.9
GDAT Goldman Sachs Motif Data-Driven World Etf 1.7 50 30 5.2 -4.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 20 8.6 -0.5
VGFO Virtus WMC Global Factor Opportunities ETF 1.7 49 31 6.2 -3.0
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.6 50 30 21.1 +12.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.6 8 72 7.9 -1.3
SPDW SPDR Portfolio Developed World ex-US ETF 1.5 4 76 7.4 -1.8
CWI SPDR MSCI ACWI ex-US ETF 1.5 30 50 7.8 -1.4

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:

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 6.1 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.29 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.