First Trust United Kingdom
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.6x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust United Kingdom AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined United Kingdom Index.

FUND BASICS
Category International Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 15, 2012
Assets (mns) $12
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 75
Wgt avg mkt cap (mns) $19,972
Large cap (>$10bn) 48.3%
Mid cap ($2-10bn) 50.7%
Small cap (<$2bn) 1.1%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
JD SPORTS FASHION PLC 2.9 %
PERSIMMON PLC 2.7 %
BELLWAY PLC 2.6 %
BERKELEY GROUP HOLDINGS 2.6 %
SEGRO PLC 2.6 %
BARRATT DEVELOPMENTS PLC 2.5 %
REGUS PLC 2.5 %
BOOHOO.COM PLC 2.4 %
AVEVA GROUP PLC 2.4 %
ASHTEAD GROUP PLC 2.2 %
Total 25.4 %

TOP COUNTRY EXPOSURE
BRITAIN 88.0 %
SWITZERLAND 5.1 %
IRELAND 2.4 %
RUSSIA 1.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.6% 19.9% 3.0% -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.89 52%
MSCI EAFE 1.19 78%
MSCI Emg. Mkts. 0.82 59%

Technical Indicators
Recent close $38.94
30d moving avg. $38.09
Annualized volatility 14.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.3%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $3,184

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust United Kingdom ETF based on the alternatives' overlap in portfolio holdings with FKU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FKU Expense: 80 bp ALTAR Score™: 7.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FKU
Ticker Fund
Name
Overlap1
vs FKU
(%)
Expense
ratio
(bp)
Savings
vs FKU
(bp)
ALTAR
Score™
(%)
ALTAR
vs FKU
(%)
FLGB Franklin FTSE United Kingdom 32.3 9 71 7.8 +0.3
EWU iShares MSCI United Kingdom 31.3 47 33 7.4 -0.1
QGBR SPDR MSCI UK Quality Mix 30.9 14 66 7.8 +0.3
FEP First Trust Europe AlphaDEX 18.2 80 0 7.2 -0.3
EWUS iShares MSCI United Kingdom Small Cap 14.8 59 21 7.4 -0.1
JPEU JPMorgan Diversified Return Europe Equity 14.3 37 43 6.6 -0.9
JPIN JPMorgan Diversified Rtn. Int'l Equity 13.3 38 42 7.4 -0.1
OEUR O'Shares FTSE Europe Quality Dividend 13.3 48 32 6.3 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity 13.2 25 55 6.3 -1.2
IEV iShares S&P Europe 350 12.8 59 21 6.4 -1.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 12.8 30 50 6.7 -0.8
FLEE Franklin FTSE Europe 12.8 9 71 6.8 -0.7
BBEU JPMorgan BetaBuilders Europe 12.7 9 71 6.8 -0.6
FLEH Franklin FTSE Europe Hedged 12.6 9 71 6.9 -0.5
DBEU Xtrackers Europe Hedged 12.4 45 35 6.5 -1.0
SCID Global X Scientific Beta Europe 12.1 38 42 6.4 -1.1
RFEU First Trust Riverfront Dynamic Europe 12.1 83 -3 6.2 -1.3
IEUR iShares Core MSCI Europe 12.0 9 71 6.8 -0.7
VGK Vanguard FTSE Europe 11.9 9 71 6.9 -0.6
FEU SPDR DJ Stoxx 50 11.7 9 71 6.8 -0.7

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

Content on this tab for subscribers only

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 United Kingdom
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.