First Trust Latin America AlphaDEX Fund
ALTAR
Score™
8.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.5x P/Sales
ratio
0.9x
P/BV
ratio
1.0x 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) $10
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) $10,322
Large cap (>$10bn) 30.3%
Mid cap ($2-10bn) 66.4%
Small cap (<$2bn) 1.9%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PETROBRAS - PETROLEO BRAS-PR 4.0 %
MAGAZINE LUIZA SA 3.6 %
WEG SA 3.4 %
CIA ENERGETICA MINAS GER-PRF 3.3 %
GRUPO MEXICO SAB DE CV-SER B 3.3 %
CIA PARANAENSE DE ENERGI-PFB 3.2 %
CENTRAIS ELETRICAS BRAS-PR B 3.2 %
CIA SANEAMENTO BASICO DE SP 3.0 %
RAIA DROGASIL SA 2.9 %
GRUPO ELEKTRA SA 2.9 %
Total 32.9 %

TOP COUNTRY EXPOSURE
BRAZIL 55.2 %
MEXICO 31.8 %
CHILE 7.6 %
COLOMBIA 1.7 %







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.
-37.3% -27.2% -1.1% -- -5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.21 40%
MSCI EAFE 1.61 61%
MSCI Emg. Mkts. 1.34 64%

Technical Indicators
Recent close $14.31
30d moving avg. $13.02
Annualized volatility 32.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.4%
Bid/Ask (% of price) 1.88%
ADV underlying (mns) $1,876

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.7%


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
(%)
FBZ First Trust Brazil AlphaDEX Fund 42.3 80 0 6.2 -2.5
FLLA Franklin FTSE Latin America ETF 38.4 19 61 7.5 -1.2
EWZ iShares MSCI Brazil Capped ETF 32.9 59 21 5.3 -3.3
FLBR Franklin FTSE Brazil ETF 29.2 19 61 6.0 -2.7
FLMX Franklin FTSE Mexico ETF 28.7 19 61 10.3 +1.6
EWW iShares MSCI Mexico Capped ETF 25.8 49 31 9.7 +1.0
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 25.5 45 35 8.7 +0.0
ILF iShares Latin America 40 ETF 18.2 48 32 7.9 -0.8
FEM First Trust Emerging Markets AlphaDEX Fund 12.9 80 0 12.0 +3.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 9.5 45 35 9.2 +0.6
XCEM Columbia EM Core ex-China ETF 9.4 16 64 8.1 -0.6
EMCG WisdomTree Emerging Markets Consumer Growth Fund 8.3 32 48 7.9 -0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.2 49 31 9.3 +0.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 8.1 49 31 8.6 -0.0
RNEM Emerging Markets Equity Select ETF 8.0 75 5 10.8 +2.2
EMXC iShares MSCI Emerging Markets ex China ETF 7.7 49 31 8.7 +0.0
ECH iShares MSCI Chile ETF 7.5 59 21 8.6 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.4 39 41 13.5 +4.8
BICK First Trust BICK Index Fund 7.2 64 16 4.7 -4.0
PXH Invesco FTSE RAFI Emerging Markets ETF 7.2 50 30 14.1 +5.5
ROAM Hartford Multifactor Emerging Markets ETF 6.8 44 36 15.5 +6.8
EEMO Invesco S&P Emerging Markets Momentum ETF 6.1 30 50 7.4 -1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 6.0 32 48 9.8 +1.2
ECON Columbia Emerging Markets Consumer ETF 5.9 59 21 5.1 -3.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.8 70 10 13.4 +4.7
GVAL Cambria Global Value ETF 5.7 69 11 11.5 +2.8
EMMF WisdomTree Emerging Markets Multifactor Fund 5.7 48 32 10.0 +1.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.7 45 35 10.3 +1.6
JHEM John Hancock Multifactor Emerging Markets ETF 5.6 55 25 9.2 +0.5
DOGS Arrow Dogs of the World ETF 5.6 134 -54 11.5 +2.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.6 45 35 9.0 +0.3
EMFM Global X MSCI Next Emerging & Frontier ETF 5.5 55 25 9.1 +0.4
SCHE Schwab Emerging Markets Equity ETF 5.3 13 67 9.0 +0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 5.2 14 66 9.8 +1.2
DVEM WisdomTree Emerging Markets Dividend Fund 5.1 32 48 9.4 +0.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.1 64 16 5.4 -3.2
SDEM Global X SuperDividend Emerging Markets ETF 5.0 67 13 23.6 +14.9
BKF iShares MSCI BRIC ETF 4.9 69 11 8.7 +0.1
ISEM Invesco Strategic Emerging Markets ETF 4.7 35 45 10.7 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.6 30 50 9.1 +0.5
NUEM Nuveen ESG Emerging Markets Equity ETF 4.6 45 35 8.1 -0.6
EEM iShares MSCI Emerging Markets ETF 4.6 68 12 8.6 -0.1
CUT Invesco MSCI Global Timber ETF 4.6 55 25 9.4 +0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.5 65 15 8.6 -0.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.5 95 -15 10.5 +1.8
GXG Global X MSCI Colombia ETF 4.4 61 19 10.0 +1.4
ICOL iShares MSCI Colombia ETF 4.4 61 19 9.4 +0.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 4.4 50 30 10.2 +1.5
VWO Vanguard FTSE Emerging Markets ETF 4.3 10 70 9.1 +0.4
VIDI Vident International Equity Fund 4.3 59 21 11.8 +3.2
IEMG iShares Core MSCI Emerging Markets ETF 4.2 14 66 9.0 +0.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.2 45 35 13.9 +5.2
FRDM Freedom 100 Emerging Markets ETF 4.1 49 31 7.7 -1.0
ESGE iShares ESG MSCI EM ETF 4.0 25 55 10.0 +1.3
YLCO Global X YieldCo Index ETF 4.0 65 15 4.5 -4.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.9 29 51 10.1 +1.4
WOOD iShares Global Timber & Forestry ETF 3.7 46 34 10.3 +1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 3.6 32 48 7.0 -1.6
SPEM SPDR Portfolio Emerging Markets ETF 3.6 11 69 8.9 +0.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 3.4 45 35 10.0 +1.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.4 20 60 7.9 -0.8
COPX Global X Copper Miners ETF 3.3 65 15 7.6 -1.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 3.2 59 21 11.5 +2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 3.1 39 41 7.8 -0.9
PIO Invesco Global Water ETF 3.0 75 5 4.2 -4.5
EWZS iShares MSCI Brazil Small-Cap ETF 2.9 59 21 5.7 -3.0
DVYE iShares Emerging Markets Dividend ETF 2.9 49 31 13.4 +4.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.8 60 20 10.8 +2.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.8 46 34 6.1 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.6 30 50 9.7 +1.0
DEM WisdomTree Emerging Markets High Dividend Fund 2.5 63 17 14.5 +5.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.4 25 55 8.6 -0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.4 40 40 8.1 -0.6
AVEM Avantis Emerging Markets Equity ETF 2.2 33 47 9.9 +1.2
BLES Inspire Global Hope Large Cap ETF 2.1 61 19 6.6 -2.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.0 50 30 21.6 +13.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 2.0 29 51 12.6 +3.9
AGT iShares MSCI Argentina & Global Exposure ETF A 1.9 59 21 6.0 -2.7
ARGT Global X MSCI Argentina ETF 1.9 59 21 5.9 -2.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 20 8.8 +0.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 1.8 80 0 1.8 -6.9
PIE Invesco DWA Emerging Markets Momentum ETF 1.4 90 -10 5.8 -2.9
SDG iShares Sustainable MSCI Global Impact ETF 1.4 49 31 6.3 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 32 48 7.7 -0.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 40 40 7.6 -1.1
VYMI Vanguard International High Dividend Yield ETF 1.1 32 48 10.6 +1.9
IXUS ishares Core MSCI Total International Stock ETF 1.1 9 71 7.8 -0.9
FILL iShares MSCI Global Energy Producers ETF 1.1 39 41 6.3 -2.4
VXUS Vanguard Total International Stock Index Fund 1.1 8 72 7.9 -0.7
VSGX Vanguard ESG International Stock ETF 1.0 17 63 7.6 -1.1
FTRI First Trust Indxx Global Natural Resources Income ETF 1.0 70 10 11.5 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 72 8.0 -0.7
MOTI VanEck Vectors Morningstar International Moat ETF 1.0 57 23 8.7 -0.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.0 47 33 13.1 +4.5
HAP VanEck Vectors Natural Resources ETF 0.9 50 30 6.4 -2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.9 16 64 7.3 -1.3
CWI SPDR MSCI ACWI ex-US ETF 0.9 30 50 7.9 -0.8
FTAG First Trust Indxx Global Agriculture ETF 0.9 70 10 6.7 -2.0
KXI iShares Global Consumer Staples ETF 0.9 46 34 5.4 -3.3
VIGI Vanguard International Dividend Appreciation ETF 0.8 25 55 6.1 -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

  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 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 9.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.45
 
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.