First Trust Latin America AlphaDEX Fund
ALTAR
Score™		 10.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 9.8x P/Sales
ratio		 0.9x
P/BV
ratio		 1.2x Div.
yield		 4.3%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 18, 2011
Assets (mns) $16
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 56
Wgt avg mkt cap (mns) $9,376
Large cap (>$10bn) 42.6%
Mid cap ($2-10bn) 51.5%
Small cap (<$2bn) 2.2%
Developed mkts 1.8%
Emerging mkts 98.2%

TOP TEN HOLDINGS
EMPRESA BRAS DE AERONAUTICA 3.9 %
CEMEX SAB-CPO 3.7 %
PORTO SEGURO SA 3.4 %
TELEFONICA BRASIL S.A. 3.4 %
CIA ENERGETICA MINAS GER-PRF 3.3 %
GERDAU S.A. 3.2 %
HRT PARTICIPACOES EM PETROLE 3.2 %
COCA-COLA FEMSA SAB-SER L 3.2 %
CENCOSUD SA 3.1 %
LAN AIRLINES SA 3.1 %
Total 33.6 %

TOP COUNTRY EXPOSURE
BRAZIL 50.2 %
MEXICO 26.7 %
CHILE 17.0 %
COLOMBIA 5.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.6% 7.8% 6.6% 5.5% 0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.77 34%
MSCI EAFE 0.86 49%
MSCI Emg. Mkts. 0.64 29%

Technical Indicators
Recent close $20.55
30d moving avg. $19.44
Annualized volatility 20.1%
Short interest (ETF) 4.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 1.33%
ADV underlying (mns) $1,419

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 164 potential alternatives to the First Trust Latin America AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FLN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLN Expense: 80 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLN
Ticker Fund
Name		 Overlap1
vs FLN
(%)		 Expense
ratio
(bp)		 Savings
vs FLN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLN
(%)
FLLA Franklin FTSE Latin America ETF 36.1 19 61 12.9 +2.5
FLBR Franklin FTSE Brazil ETF 29.2 19 61 14.5 +4.1
EWZ iShares MSCI Brazil ETF 25.4 58 22 13.2 +2.8
FEM First Trust Emerging Markets AlphaDEX Fund 20.1 80 0 11.2 +0.8
EWW iShares MSCI Mexico ETF 19.1 50 30 10.2 -0.2
ILF iShares Latin America 40 ETF 18.8 48 32 12.9 +2.5
ECH iShares MSCI Chile ETF 16.7 58 22 8.5 -1.9
FRDM Freedom 100 Emerging Markets ETF 16.4 49 31 8.5 -1.9
FLMX Franklin FTSE Mexico ETF 16.3 19 61 10.5 +0.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 12.6 70 10 13.1 +2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.3 29 51 9.2 -1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 11.6 44 36 10.7 +0.3
EMDM First Trust Bloomberg Emerging Market Democracies ETF 10.6 75 5 9.7 -0.7
GVAL Cambria Global Value ETF 9.9 68 12 10.5 +0.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 9.6 67 13 13.6 +3.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.3 45 35 10.7 +0.3
DVYE iShares Emerging Markets Dividend ETF 9.0 49 31 18.5 +8.1
FTHF First Trust Emerging Markets Human Flourishing ETF 8.8 75 5 8.6 -1.8
RNEM First Trust Emerging Markets Equity Select ETF 8.1 75 5 7.7 -2.7
BRAZ Global X Brazil Active ETF 7.9 75 5 12.6 +2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 49 31 15.9 +5.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.5 39 41 16.5 +6.1
EMMF WisdomTree Emerging Markets Multifactor Fund 7.4 48 32 7.5 -2.9
COLO Global X MSCI Colombia ETF 7.4 62 18 16.8 +6.4
ICLN iShares Global Clean Energy ETF 6.8 41 39 5.2 -5.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.7 60 20 10.8 +0.4
XCEM Columbia EM Core ex-China ETF 6.4 16 64 8.4 -2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.2 24 56 8.2 -2.2
DSTX Distillate International Fundamental Stability & Value ETF 6.0 55 25 7.9 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 6.0 49 31 11.9 +1.5
DEM WisdomTree Emerging Markets High Dividend Fund 5.6 63 17 13.3 +2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.5 32 48 7.0 -3.4
STXE Strive Emerging Markets Ex-China ETF 5.5 32 48 7.9 -2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.3 60 20 8.1 -2.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 5.2 35 45 18.6 +8.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.9 88 -8 8.9 -1.5
EMXC iShares MSCI Emerging Markets ex China ETF 4.8 25 55 7.8 -2.6
ECON Columbia Emerging Markets Consumer ETF 4.8 49 31 12.6 +2.2
EPU iShares MSCI Peru and Global Exposure ETF 4.3 59 21 6.7 -3.7
XCNY SPDR S&P Emerging Markets ex-China ETF 4.3 15 65 7.8 -2.6
FDEM Fidelity Emerging Markets Multifactor ETF 4.1 25 55 13.0 +2.6
JHEM John Hancock Multifactor Emerging Markets ETF 4.0 49 31 10.3 -0.1
SDIV Global X Superdividend ETF 3.9 58 22 41.3 +30.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 35 10.5 +0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.8 90 -10 7.0 -3.4
EMGF iShares Emerging Markets Equity Factor ETF 3.8 25 55 11.9 +1.5
BKF iShares MSCI BIC ETF 3.8 69 11 13.8 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 3.7 44 36 12.2 +1.8
XC WisdomTree Emerging Markets Ex-China Fund 3.7 32 48 6.3 -4.1
VIDI Vident International Equity Strategy ETF 3.7 61 19 10.9 +0.5
VCLN Virtus Duff & Phelps Clean Energy ETF 3.6 59 21 5.0 -5.4
BKEM BNY Mellon Emerging Markets Equity ETF 3.5 11 69 10.2 -0.2
ICOP iShares Copper and Metals Mining ETF 3.5 47 33 8.6 -1.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.5 39 41 12.7 +2.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.5 66 14 9.7 -0.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.5 15 65 10.4 -0.0
SCHE Schwab Emerging Markets Equity ETF 3.4 11 69 11.1 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 3.4 17 63 14.1 +3.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.4 36 44 10.0 -0.4
EEM iShares MSCI Emerging Markets ETF 3.3 69 11 10.5 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.3 20 60 10.9 +0.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 3.3 95 -15 11.8 +1.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.3 15 65 8.1 -2.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.2 50 30 11.1 +0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.2 30 50 10.6 +0.2
ARGT Global X MSCI Argentina ETF 3.1 59 21 4.5 -5.9
VWO Vanguard FTSE Emerging Markets ETF 3.1 7 73 10.3 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.0 32 48 9.3 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 2.9 9 71 10.6 +0.2
RNRG Global X Renewable Energy Producers ETF 2.8 66 14 5.5 -4.9
EMXF iShares ESG Advanced MSCI EM ETF 2.8 16 64 8.6 -1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 2.7 36 44 8.0 -2.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 2.7 33 47 10.2 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.7 59 21 9.0 -1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.6 46 34 9.9 -0.5
AVES Avantis Emerging Markets Value ETF 2.6 36 44 11.1 +0.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 50 9.2 -1.2
DFEV Dimensional Emerging Markets Value ETF 2.3 43 37 13.4 +3.0
WOOD iShares Global Timber & Forestry ETF 2.3 42 38 12.0 +1.6
ESGE iShares ESG Aware MSCI EM ETF 2.2 25 55 10.4 -0.0
IQDF FlexShares International Quality Dividend Index Fund 2.2 47 33 8.9 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.2 47 33 8.4 -2.0
SPEM SPDR Portfolio Emerging Markets ETF 2.2 7 73 10.7 +0.3
WWJD Inspire International ETF 2.2 80 0 7.3 -3.1
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 14 12.3 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 2.1 35 45 9.4 -1.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.0 33 47 8.8 -1.6
EMC Global X Emerging Markets Great Consumer ETF 1.9 75 5 11.0 +0.6
SDG iShares MSCI Global Sustainable Development Goals ETF 1.9 49 31 5.8 -4.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.8 40 40 7.2 -3.2
MOTG VanEck Morningstar Global Wide Moat ETF 1.8 52 28 7.7 -2.7
MOTI VanEck Morningstar International Moat ETF 1.8 58 22 12.0 +1.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.7 38 42 9.3 -1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 51 6.6 -3.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 39 8.7 -1.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.7 58 22 4.7 -5.7
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.6 85 -5 8.7 -1.7
GMET VanEck Green Metals ETF 1.6 63 17 9.1 -1.3
DMAT Global X Disruptive Materials ETF 1.6 59 21 7.8 -2.6
BATT Amplify Lithium & Battery Technology ETF 1.6 59 21 3.6 -6.8
AVEM Avantis Emerging Markets Equity ETF 1.6 33 47 8.8 -1.6
VYMI Vanguard International High Dividend Yield ETF 1.5 17 63 9.5 -0.9
MXI iShares Global Materials ETF 1.5 41 39 7.6 -2.8
RWX SPDR Dow Jones International Real Estate ETF 1.5 59 21 6.9 -3.5
DWX SPDR S&P International Dividend ETF 1.4 45 35 6.1 -4.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.4 41 39 6.8 -3.6
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 27 7.9 -2.5
DEW WisdomTree Global High Dividend Fund 1.3 58 22 8.4 -2.0
SCHY Schwab International Dividend Equity ETF 1.3 14 66 9.7 -0.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.3 25 55 6.6 -3.8
AVSE Avantis Responsible Emerging Markets Equity ETF 1.3 33 47 8.6 -1.8
FILL iShares MSCI Global Energy Producers ETF 1.2 39 41 11.6 +1.2
BLES Inspire Global Hope ETF 1.1 61 19 6.8 -3.6
CUT Invesco MSCI Global Timber ETF 1.1 61 19 10.3 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.0 18 62 7.9 -2.5
RODE Hartford Multifactor Diversified International ETF 1.0 29 51 11.4 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 46 7.8 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 39 7.5 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 76 8.1 -2.3
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 73 7.9 -2.5
VXUS Vanguard Total International Stock ETF 0.8 5 75 7.9 -2.5
EMM Global X Emerging Markets ex-China ETF 0.8 75 5 6.5 -3.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.8 10 70 8.0 -2.4
HAP VanEck Natural Resources ETF 0.7 50 30 9.4 -1.1
BINV Brandes International ETF 0.7 70 10 9.4 -1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.7 12 68 8.1 -2.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 50 7.9 -2.5
VSGX Vanguard ESG International Stock ETF 0.7 10 70 7.7 -2.7
KXI iShares Global Consumer Staples ETF 0.6 41 39 5.5 -4.9
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 1 8.1 -2.3
CWI SPDR MSCI ACWI ex-US ETF 0.6 30 50 7.7 -2.7
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 33 5.8 -4.6
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -9 4.8 -5.6
CGV Conductor Global Equity Value ETF 0.6 130 -50 8.3 -2.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 60 5.6 -4.8
JXI iShares Global Utilities ETF 0.5 43 37 5.9 -4.5
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 30 7.0 -3.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 68 5.2 -5.2
GLOF iShares Global Equity Factor ETF 0.5 20 60 6.5 -3.9
REET iShares Global REIT ETF 0.5 14 66 7.4 -3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.4 47 33 5.8 -4.6
RCGE RockCreek Global Equality ETF 0.4 95 -15 6.7 -3.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 22 9.8 -0.6
DFGR Dimensional Global Real Estate ETF 0.4 22 58 7.4 -3.0
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 41 8.6 -1.9
ACWI iShares MSCI ACWI ETF 0.4 32 48 5.5 -4.9
VGSR Vert Global Sustainable Real Estate ETF 0.4 47 33 7.4 -3.1
DGT SPDR Global Dow ETF 0.3 50 30 7.0 -3.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.3 39 41 11.0 +0.6
IXG iShares Global Financials ETF 0.3 42 38 6.5 -3.9
VT Vanguard Total World Stock ETF 0.3 6 74 5.9 -4.6
CGGR Capital Group Growth ETF 0.3 39 41 3.1 -7.3
OCEN IQ Clean Oceans ETF 0.3 45 35 6.0 -4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 71 5.7 -4.7
AVRE Avantis Real Estate ETF 0.2 17 63 7.1 -3.3
FPAG FPA Global Equity ETF 0.2 49 31 5.7 -4.7
IGRO iShares International Dividend Growth ETF 0.2 15 65 7.3 -3.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 60 6.2 -4.2
EXI iShares Global Industrials ETF 0.1 42 38 4.5 -5.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 38 7.2 -3.2
IXJ iShares Global Healthcare ETF 0.1 42 38 7.3 -3.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 70 5.7 -4.7
RXI iShares Global Consumer Discretionary ETF 0.1 41 39 9.3 -1.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 15 7.8 -2.6

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Latin America AlphaDEX Fund
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 12.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.51
 
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.