First Trust Latin America AlphaDEX
ALTAR
Score™
5.4% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
15.0x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.1%


  • 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 19, 2011
Assets (mns) $117
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 50
Wgt avg mkt cap (mns) $10,076
Large cap (>$10bn) 28.6%
Mid cap ($2-10bn) 63.1%
Small cap (<$2bn) 6.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
MAGAZINE LUIZA SA 3.9 %
TIM PARTICIPACOES S.A. 3.6 %
SUL AMERICA SA - UNITS 3.5 %
FIBRA UNO ADMINISTRACION SA 3.4 %
COCA-COLA FEMSA SAB-SER L 3.2 %
CIA PARANAENSE DE ENERGI-PFB 3.1 %
NATURA COSMETICOS SA 3.1 %
GERDAU SA-PREF 3.1 %
COSAN SA INDUSTRIA COMERCIO 3.0 %
CIA ENERGETICA MINAS GER-PRF 2.9 %
Total 32.7 %

TOP COUNTRY EXPOSURE
BRAZIL 69.2 %
MEXICO 16.0 %
CHILE 8.9 %
COLOMBIA 2.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.9% 14.7% 2.4% -- -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.57 10%
MSCI EAFE 1.03 27%
MSCI Emg. Mkts. 1.01 43%

Technical Indicators
Recent close $20.41
30d moving avg. $20.51
Annualized volatility 22.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.74%
ADV underlying (mns) $1,347

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Latin America AlphaDEX 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™: 5.4%


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
(%)
FBZ First Trust Brazil AlphaDEX 58.0 80 0 7.8 +2.4
FLLA Franklin FTSE Latin America 31.3 19 61 6.2 +0.8
EWZ iShares MSCI Brazil 30.1 59 21 5.3 -0.1
FLBR Franklin FTSE Brazil 27.7 19 61 5.6 +0.2
FEM First Trust Emerging Markets AlphaDEX 22.5 80 0 11.0 +5.6
PACA Xtrackers MSCI Latin America Pacific Alliance 16.4 45 35 6.5 +1.1
FLMX Franklin FTSE Mexico 14.0 19 61 6.8 +1.4
EEMO Invesco S&P Emg Mkts Momentum 13.9 30 50 8.1 +2.7
ILF iShares S&P Latin America 40 12.2 48 32 6.4 +1.0
EWW iShares MSCI Mexico 11.5 47 33 6.6 +1.2
BICK First Trust BICK Index Fund 11.1 64 16 6.1 +0.7
SDEM Global X SuperDividend Emg Mkts 10.2 67 13 18.5 +13.1
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 9.8 45 35 8.8 +3.4
ECH iShares MSCI Chile Capped 8.9 59 21 7.0 +1.6
DWCR Arrow DWA Country Rotation 8.5 134 -54 4.9 -0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 7.6 48 32 10.0 +4.6
XCEM Columbia EM Core ex-China 7.5 16 64 7.6 +2.2
EMGF iShares Edge MSCI Multifactor Emerging Markets 7.3 45 35 10.1 +4.7
PIE Invesco DWA Emg. Mkts. Technical Leaders 7.2 90 -10 5.1 -0.3
EMCG WisdomTree Emg Mkts Consumer Growth 7.2 32 48 6.7 +1.3

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

  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 Latin America AlphaDEX
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.49
 
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.