First Trust Mega Cap AlphaDEX Fund
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
1.8x
P/BV
ratio
2.4x Div.
yield
2.1%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 11, 2011
Assets (mns) $22
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $274,133
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 4.6 %
AMAZON.COM INC 3.7 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 3.5 %
PFIZER INC 3.3 %
PAYPAL HOLDINGS INC 3.3 %
LOWE'S COS INC 3.3 %
AT&T INC 3.2 %
INTEL CORP 3.2 %
EXXON MOBIL CORP 3.1 %
VMWARE INC-CLASS A 3.0 %
Total 34.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
IRELAND 0.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.8% -1.0% 6.8% -- 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 96%
MSCI EAFE 1.00 81%
MSCI Emg. Mkts. 0.73 68%

Technical Indicators
Recent close $36.27
30d moving avg. $35.21
Annualized volatility 17.5%
Short interest (ETF) 3.9%
Short interest (Underlying) 1.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $107,167

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Mega Cap AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FMK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FMK Expense: 70 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FMK
Ticker Fund
Name
Overlap1
vs FMK
(%)
Expense
ratio
(bp)
Savings
vs FMK
(bp)
ALTAR
Score™
(%)
ALTAR
vs FMK
(%)
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 40.4 12 58 4.7 -0.4
OEF iShares S&P 100 ETF 38.9 20 50 4.7 -0.4
IWL iShares Russell Top 200 ETF 37.3 15 55 5.0 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 36.8 25 45 6.1 +1.0
XLG Invesco S&P 500 Top 50 ETF 36.7 20 50 4.4 -0.7
BKLC BNY Mellon US Large Cap Core Equity ETF 36.6 0 70 5.2 +0.1
GVIP Goldman Sachs Hedge Industry VIP ETF 36.2 45 25 4.6 -0.5
MGC Vanguard Mega Cap Index Fund 36.1 7 63 5.2 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 35.5 32 38 5.0 -0.1
JKF iShares Morningstar Large Cap Value ETF 35.0 25 45 7.6 +2.5
IWX iShares Russell Top 200 Value ETF 33.6 20 50 7.2 +2.1
EPS WisdomTree U.S. Earnings 500 Fund 33.4 8 62 6.5 +1.4
XNTK SPDR NYSE Technology ETF 33.3 35 35 3.4 -1.6
PBP Invesco S&P 500 BuyWrite ETF 33.0 49 21 5.0 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.0 20 50 4.9 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.9 7 63 5.2 +0.1
SFY SoFi Select 500 ETF 32.7 0 70 5.2 +0.1
HSPX Global X S&P 500 Covered Call ETF 32.6 65 5 4.9 -0.2
SPY SPDR S&P 500 ETF Trust 32.6 9 61 5.3 +0.2
IVV iShares Core S&P 500 ETF 32.5 4 66 5.4 +0.3
SPLG SPDR Portfolio Large Cap ETF 32.5 3 67 5.4 +0.3
VV Vanguard Large-Cap Index Fund 32.5 4 66 5.2 +0.1
SNPE Xtrackers S&P 500 ESG ETF 32.4 11 59 5.0 -0.0
VOO VANGUARD S&P 500 ETF 32.4 3 67 5.4 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 32.3 2 68 5.3 +0.2
ESGU iShares MSCI USA ESG Optimized ETF 32.1 15 55 5.1 -0.0
PBUS Invesco PureBeta MSCI USA ETF 32.0 4 66 5.2 +0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 32.0 28 42 6.4 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 31.9 75 -5 4.5 -0.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.8 15 55 4.0 -1.1
SPXE ProShares S&P 500 Ex-Energy ETF 31.8 27 43 5.3 +0.2
SCHX Schwab U.S. Large-Cap ETF 31.7 3 67 5.2 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.6 20 50 5.3 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 31.5 27 43 4.9 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 31.5 25 45 6.6 +1.5
QYLD Global X NASDAQ 100 Covered Call ETF 31.5 60 10 3.5 -1.6
NUSI Nationwide Risk-Managed Income ETF 31.4 68 2 3.4 -1.7
VLU SPDR S&P 1500 Value Tilt ETF 31.4 12 58 7.5 +2.4
TECB iShares US Tech Breakthrough Multisector ETF 31.4 40 30 3.9 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 31.4 29 41 7.8 +2.8
JKE iShares Morningstar Large-Cap Growth ETF 31.3 25 45 2.8 -2.3
PRF Invesco FTSE RAFI US 1000 ETF 31.1 39 31 6.9 +1.8
VONE Vanguard Russell 1000 ETF 31.0 8 62 5.2 +0.1
SCHK Schwab 1000 Index ETF 31.0 5 65 5.2 +0.1
IWB iShares Russell 1000 ETF 31.0 15 55 5.1 +0.1
RWL Invesco S&P 500 Revenue ETF 30.9 39 31 7.3 +2.2
SPTM SPDR Portfolio Total Stock Market ETF 30.9 3 67 5.5 +0.4
IYY iShares Dow Jones U.S. ETF 30.8 20 50 5.1 +0.0
ECOZ TrueMark ESG Active Opportunities ETF 30.7 58 12 4.2 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 30.5 27 43 4.9 -0.2
VEGN US Vegan Climate ETF 30.4 60 10 5.1 +0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.4 25 45 6.6 +1.5
DGRO iShares Core Dividend Growth ETF 30.3 8 62 6.7 +1.6
QQQ Invesco QQQ Trust 30.2 20 50 3.7 -1.4
CATH Global X S&P 500 Catholic Values Custom ETF 30.2 29 41 5.2 +0.1
FVAL Fidelity Value Factor ETF 30.2 29 41 8.0 +2.9
SCHB Schwab U.S. Broad Market ETF 30.0 3 67 5.2 +0.1
ESGV Vanguard ESG U.S. Stock ETF 29.9 12 58 5.1 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.9 3 67 5.1 +0.1
MGV Vanguard Mega Cap Value ETF 29.9 7 63 7.3 +2.3
VTHR Vanguard Russell 3000 Index Fund 29.9 10 60 5.1 +0.0
IWV iShares Russell 3000 ETF 29.9 20 50 5.0 -0.1
VTI Vanguard Total Stock Market Index Fund 29.8 3 67 5.1 +0.0
FDRR Fidelity Dividend ETF for Rising Rates 29.8 29 41 7.0 +1.9
DTD WisdomTree U.S.Total Dividend Fund 29.3 28 42 6.7 +1.6
IWY iShares Russell Top 200 Growth ETF 29.1 20 50 4.0 -1.1
IUS Invesco Strategic US ETF 29.0 19 51 6.7 +1.6
EDOW First Trust Dow 30 Equal Weight ETF 28.9 50 20 6.0 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.8 12 58 4.9 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.7 15 55 6.2 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 28.6 25 45 6.6 +1.5
EXT WisdomTree U.S. Total Earnings Fund 28.6 28 42 5.2 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 28.4 27 43 5.6 +0.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 28.3 75 -5 6.2 +1.1
VOOV Vanguard S&P 500 Value ETF 27.9 15 55 7.4 +2.3
IQSU IQ Candriam ESG US Equity ETF 27.9 9 61 5.0 -0.1
IVE iShares S&P 500 Value ETF 27.9 18 52 7.3 +2.3
SPYV SPDR Portfolio S&P 500 Value ETF 27.9 4 66 7.5 +2.4
WOMN Impact Shares YWCA Women's Empowerment ETF 27.8 75 -5 4.4 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.8 9 61 5.5 +0.4
VYM Vanguard High Dividend Yield Index ETF 27.7 6 64 7.4 +2.3
MGK Vanguard Mega Cap Growth ETF 27.6 7 63 4.0 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 27.6 60 10 4.3 -0.8
OUSA O'Shares FTSE US Quality Dividend ETF 27.4 48 22 5.7 +0.6
SYG SPDR MFS Systematic Growth Equity ETF 26.9 60 10 4.2 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 26.9 12 58 5.2 +0.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 26.8 7 63 7.0 +1.9
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 26.7 59 11 3.6 -1.5
IUSV iShares Core S&P U.S. Value ETF 26.6 4 66 7.6 +2.5
VTV Vanguard Value Index Fund 26.6 4 66 7.5 +2.4
VOOG Vanguard S&P 500 Growth ETF 26.5 10 60 4.2 -0.9
PWV Invesco Dynamic Large Cap Value ETF 26.5 55 15 8.9 +3.8
IVW iShares S&P 500 Growth ETF 26.5 18 52 4.1 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 26.5 4 66 4.2 -0.9
RECS Columbia Research Enhanced Core ETF 26.4 15 55 5.6 +0.5
SFYF SoFi 50 ETF 26.4 29 41 4.9 -0.2
HIPR Direxion High Growth ETF 26.4 40 30 2.8 -2.3
IGM iShares Expanded Tech Sector ETF 26.3 46 24 3.7 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 26.3 8 62 4.1 -0.9
IWF iShares Russell 1000 Growth ETF 26.2 19 51 4.0 -1.1

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 Mega Cap AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
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.