First Trust Latin America AlphaDEX Fund
ALTAR
Score™		 9.7% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 11.5x P/Sales
ratio		 1.0x
P/BV
ratio		 1.5x Div.
yield		 3.2%


  • 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) $42
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 55
Wgt avg mkt cap (mns) $15,856
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
ULTRAPAR PARTICIPACOES-SA 4.2 %
VIBRA ENERGIA SA 3.8 %
COCA-COLA FEMSA SAB-SER L 3.7 %
ENEVA S.A. 3.7 %
FIBRA UNO ADMINISTRACION SA 3.5 %
CIA PARANAENSE DE ENERGIA 3.3 %
PETROBRAS - PETROLEO BRAS-PR 3.2 %
ENERSIS CHILE SA 3.0 %
HRT PARTICIPACOES EM PETROLE 3.0 %
SUZANO PAPEL E CELULOSE SA 2.9 %
Total 34.4 %

TOP COUNTRY EXPOSURE
BRAZIL 50.9 %
MEXICO 23.6 %
CHILE 13.4 %
PERU 2.9 %
COLOMBIA 2.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.0% 29.6% 9.2% 7.9% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.89 27%
MSCI EAFE 0.95 47%
MSCI Emg. Mkts. 0.54 38%

Technical Indicators
Recent close $26.49
30d moving avg. $25.51
Annualized volatility 19.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.4%
Bid/Ask (% of price) 0.49%
ADV underlying (mns) $1,419

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 181 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™: 9.7%


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
(%)
FLBR Franklin FTSE Brazil ETF 32.2 19 61 11.4 +1.7
EWZ iShares MSCI Brazil ETF 28.4 58 22 10.2 +0.5
EMDM First Trust Bloomberg Emerging Market Democracies ETF 18.8 75 5 6.0 -3.7
FLMX Franklin FTSE Mexico ETF 18.5 19 61 8.9 -0.8
ILF iShares Latin America 40 ETF 18.1 48 32 9.3 -0.4
EWW iShares MSCI Mexico ETF 17.1 50 30 8.4 -1.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 15.6 67 13 12.0 +2.2
ECH iShares MSCI Chile ETF 13.4 58 22 7.4 -2.4
FTHF First Trust Emerging Markets Human Flourishing ETF 12.8 75 5 5.3 -4.4
FEM First Trust Emerging Markets AlphaDEX Fund 12.8 80 0 8.4 -1.3
DVYE iShares Emerging Markets Dividend ETF 11.7 49 31 16.7 +6.9
RNEM First Trust Emerging Markets Equity Select ETF 11.6 75 5 7.7 -2.0
EDOG ALPS Emerging Sector Dividend Dogs ETF 11.4 60 20 10.3 +0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.7 44 36 9.1 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 10.7 49 31 12.7 +3.0
BRAZ Global X Brazil Active ETF 10.7 75 5 9.8 +0.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 10.6 45 35 9.3 -0.4
XC WisdomTree Emerging Markets Ex-China Fund 10.1 32 48 6.3 -3.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 10.1 29 51 8.6 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.0 39 41 12.9 +3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.0 70 10 9.4 -0.3
FRDM Freedom 100 Emerging Markets ETF 9.9 49 31 5.1 -4.6
JADE JPMorgan Active Developing Markets Equity ETF 8.6 65 15 5.7 -4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 8.5 29 51 6.3 -3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 7.8 32 48 4.5 -5.2
GVAL Cambria Global Value ETF 7.5 68 12 8.0 -1.7
EMMF WisdomTree Emerging Markets Multifactor Fund 7.2 48 32 8.3 -1.4
FDEM Fidelity Emerging Markets Multifactor ETF 6.8 25 55 10.1 +0.4
EPU iShares MSCI Peru and Global Exposure ETF 6.7 59 21 4.2 -5.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.6 24 56 5.0 -4.8
BKF iShares MSCI BIC ETF 6.6 69 11 14.7 +4.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.5 50 30 7.8 -2.0
OAIM OneAscent International Equity ETF 6.3 95 -15 4.3 -5.5
OTGL OTG Latin America ETF 6.2 269 -189 7.5 -2.2
VEXC Vanguard Emerging Markets Ex-China ETF 6.0 7 73 5.5 -4.3
LDEM iShares ESG MSCI EM Leaders ETF 5.8 17 63 12.4 +2.6
STXE Strive Emerging Markets Ex-China ETF 5.7 32 48 5.0 -4.7
XCNY SPDR S&P Emerging Markets ex-China ETF 5.7 15 65 5.5 -4.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.3 60 20 6.4 -3.4
DEM WisdomTree Emerging Markets High Dividend Fund 5.2 63 17 9.7 +0.0
EMXC iShares MSCI Emerging Markets ex China ETF 5.1 25 55 4.9 -4.9
COLO Global X MSCI Colombia ETF 5.0 62 18 13.2 +3.5
SDIV Global X Superdividend ETF 5.0 58 22 13.6 +3.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 4.8 88 -8 8.5 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 4.8 49 31 7.2 -2.5
XCEM Columbia EM Core ex-China ETF 4.7 16 64 4.8 -5.0
ECON Columbia Emerging Markets Consumer ETF 4.7 49 31 6.3 -3.4
NUEM Nuveen ESG Emerging Markets Equity ETF 4.4 36 44 5.7 -4.1
EMXF iShares ESG Advanced MSCI EM ETF 4.3 16 64 6.4 -3.3
SCHE Schwab Emerging Markets Equity ETF 4.2 11 69 9.1 -0.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.1 90 -10 3.3 -6.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 4.1 69 11 7.5 -2.3
EEM iShares MSCI Emerging Markets ETF 4.1 69 11 7.5 -2.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 4.1 35 45 9.6 -0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.9 45 35 7.7 -2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.8 15 65 7.8 -2.0
VWO Vanguard FTSE Emerging Markets ETF 3.8 7 73 8.9 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 3.8 33 47 6.5 -3.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 3.8 30 50 7.7 -2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.8 66 14 7.2 -2.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.8 36 44 7.4 -2.4
BKEM BNY Mellon Emerging Markets Equity ETF 3.7 11 69 23.5 +13.8
IEMG iShares Core MSCI Emerging Markets ETF 3.6 9 71 7.9 -1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.6 46 34 7.3 -2.5
ROAM Hartford Multifactor Emerging Markets ETF 3.5 44 36 7.3 -2.5
ESGE iShares ESG Aware MSCI EM ETF 3.4 25 55 7.9 -1.8
EMGF iShares Emerging Markets Equity Factor ETF 3.3 25 55 8.6 -1.2
VIDI Vident International Equity Strategy ETF 3.3 61 19 7.8 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.2 30 50 7.2 -2.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.0 25 55 5.8 -4.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.0 59 21 8.2 -1.6
WOOD iShares Global Timber & Forestry ETF 2.9 42 38 10.9 +1.2
CUT Invesco MSCI Global Timber ETF 2.9 61 19 8.0 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.9 95 -15 9.3 -0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.9 40 40 6.0 -3.7
PICK iShares MSCI Global Metals & Mining Producers ETF 2.9 39 41 7.7 -2.1
SPEM SPDR Portfolio Emerging Markets ETF 2.8 7 73 9.2 -0.5
CGXU Capital Group International Focus Equity ETF 2.7 54 26 3.7 -6.0
MEM Matthews Emerging Markets Equity Active ETF 2.6 79 1 8.3 -1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.5 32 48 7.3 -2.4
DFAE Dimensional Emerging Core Equity Market ETF 2.5 35 45 6.7 -3.0
DSTX Distillate International Fundamental Stability & Value ETF 2.4 55 25 6.2 -3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.4 15 65 8.6 -1.1
WWJD Inspire International ETF 2.2 80 0 6.0 -3.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.2 41 39 6.6 -3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 2.2 49 31 8.8 -0.9
RWX SPDR Dow Jones International Real Estate ETF 2.1 59 21 7.1 -2.6
FRGN Horizon International Equity ETF 2.1 75 5 7.6 -2.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.0 33 47 5.9 -3.9
VYMI Vanguard International High Dividend Yield ETF 1.9 17 63 7.5 -2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 42 6.8 -3.0
BINV Brandes International ETF 1.8 70 10 8.1 -1.6
JSTC Adasina Social Justice All Cap Global ETF 1.8 89 -9 4.3 -5.5
JHDV John Hancock U.S. High Dividend ETF 1.8 34 46 5.8 -3.9
IQDF FlexShares International Quality Dividend Index Fund 1.8 47 33 7.1 -2.6
MXI iShares Global Materials ETF 1.8 41 39 5.7 -4.0
AVSE Avantis Responsible Emerging Markets Equity ETF 1.7 33 47 6.4 -3.3
AVEM Avantis Emerging Markets Equity ETF 1.7 33 47 6.8 -3.0
EYLD Cambria Emerging Shareholder Yield ETF 1.7 66 14 8.3 -1.4
JIG JPMorgan International Growth ETF 1.6 55 25 3.5 -6.2
BATT Amplify Lithium & Battery Technology ETF 1.6 59 21 1.9 -7.8
GMET VanEck Green Metals ETF 1.6 63 17 0.8 -8.9
ICOP iShares Copper and Metals Mining ETF 1.6 47 33 5.1 -4.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.6 47 33 6.9 -2.9
CZA Invesco Zacks Mid-Cap ETF 1.5 72 8 5.7 -4.1
BLDG Cambria Global Real Estate ETF 1.4 60 20 10.9 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.4 53 27 4.9 -4.9
DEHP Dimensional Emerging Markets High Profitability ETF 1.4 41 39 4.7 -5.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 34 46 6.1 -3.6
EMC Global X Emerging Markets Great Consumer ETF 1.3 75 5 6.9 -2.8
DFEV Dimensional Emerging Markets Value ETF 1.3 43 37 8.9 -0.8
CGV Conductor Global Equity Value ETF 1.3 130 -50 7.5 -2.2
AVES Avantis Emerging Markets Value ETF 1.3 36 44 8.6 -1.1
JXI iShares Global Utilities ETF 1.3 43 37 5.4 -4.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.3 18 62 6.1 -3.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.3 72 8 2.5 -7.2
FID First Trust S&P International Dividend Aristocrats ETF 1.2 60 20 7.4 -2.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 1.2 58 22 3.7 -6.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 39 5.8 -3.9
HAP VanEck Natural Resources ETF 1.2 50 30 6.2 -3.5
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 73 6.3 -3.4
FFND Future Fund Active ETF 1.1 100 -20 4.3 -5.4
VXUS Vanguard Total International Stock ETF 1.1 5 75 6.4 -3.4
BLES Inspire Global Hope ETF 1.1 61 19 5.6 -4.2
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.0 10 70 8.6 -1.2
FDLS Inspire Fidelis Multi Factor ETF 1.0 76 4 3.0 -6.7
JIVE JPMorgan International Value ETF 1.0 55 25 7.7 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 4 76 6.5 -3.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.0 12 68 8.6 -1.1
WDIV SPDR S&P Global Dividend ETF 0.9 40 40 8.6 -1.1
VSGX Vanguard ESG International Stock ETF 0.9 10 70 6.3 -3.4
CWI SPDR MSCI ACWI ex-US ETF 0.8 30 50 6.2 -3.5
FEOE First Eagle Overseas Equity ETF 0.8 79 1 5.9 -3.8
FPAG FPA Global Equity ETF 0.8 49 31 5.5 -4.3
ERTH Invesco MSCI Sustainable Future ETF 0.7 62 18 3.3 -6.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 50 6.1 -3.6
AVRE Avantis Real Estate ETF 0.7 17 63 6.9 -2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 33 5.0 -4.7
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 41 7.7 -2.0
CGGR Capital Group Growth ETF 0.7 39 41 2.6 -7.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 68 4.4 -5.4
DGT State Street SPDR Global Dow ETF 0.6 50 30 5.5 -4.2
ICLN iShares Global Clean Energy ETF 0.6 41 39 2.1 -7.6
RNRG Global X Renewable Energy Producers ETF 0.6 66 14 4.8 -4.9
VCLN Virtus Duff & Phelps Clean Energy ETF 0.6 59 21 2.7 -7.0
SMOG VanEck Low Carbon Energy ETF 0.6 61 19 1.3 -8.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 60 4.6 -5.1
RWO SPDR Dow Jones Global Real Estate ETF 0.6 50 30 6.3 -3.4
FEGE First Eagle Global Equity ETF 0.5 79 1 5.7 -4.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 33 5.0 -4.7
PIO Invesco Global Water ETF 0.5 75 5 4.5 -5.2
CGW Invesco S&P Global Water Index ETF 0.5 57 23 4.5 -5.2
REET iShares Global REIT ETF 0.5 14 66 7.0 -2.7
SCHY Schwab International Dividend Equity ETF 0.5 14 66 8.3 -1.5
KXI iShares Global Consumer Staples ETF 0.5 41 39 5.4 -4.4
CGGO Capital Group Global Growth Equity ETF 0.5 47 33 4.0 -5.7
RCGE RockCreek Global Equality ETF 0.5 95 -15 5.8 -4.0
IXG iShares Global Financials ETF 0.5 42 38 5.7 -4.1
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 70 4.8 -4.9
EMM Global X Emerging Markets ex-China ETF 0.5 75 5 4.5 -5.3
ACWI iShares MSCI ACWI ETF 0.5 32 48 4.5 -5.2
DFGR Dimensional Global Real Estate ETF 0.5 22 58 7.1 -2.7
VGSR Vert Global Sustainable Real Estate ETF 0.5 47 33 7.1 -2.6
VT Vanguard Total World Stock ETF 0.4 6 74 4.9 -4.8
DEW WisdomTree Global High Dividend Fund 0.3 58 22 6.9 -2.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.3 9 71 4.7 -5.0
GEW Cambria Global EW ETF 0.3 29 51 5.2 -4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 38 4.0 -5.7
IGRO iShares International Dividend Growth ETF 0.2 15 65 6.4 -3.3
XT iShares Exponential Technologies ETF 0.2 46 34 3.9 -5.8
GLOF iShares Global Equity Factor ETF 0.2 20 60 5.4 -4.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 60 5.5 -4.2
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 62 0.0 -9.7
RXI iShares Global Consumer Discretionary ETF 0.1 41 39 8.5 -1.3
EXI iShares Global Industrials ETF 0.1 42 38 3.6 -6.1
VYM Vanguard High Dividend Yield Index ETF 0.1 6 74 6.0 -3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 31 4.4 -5.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.0 35 45 4.2 -5.5
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 71 4.1 -5.6
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.0 42 38 7.4 -2.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 15 6.4 -3.3

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:

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 14.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.53
 
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.