First Trust Mega Cap AlphaDEX Fund
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.0x P/Sales
ratio
2.1x
P/BV
ratio
2.9x Div.
yield
2.0%


  • 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) $280,801
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
ZOOM VIDEO COMMUNICATIONS, INC. CL 6.1 %
TESLA MOTORS INC 5.5 %
LOWE'S COS INC 3.7 %
PFIZER INC 3.4 %
AMAZON.COM INC 3.4 %
PAYPAL HOLDINGS INC 3.2 %
QUALCOMM INC 3.0 %
APPLE INC 2.9 %
COMCAST CORP-CL A 2.9 %
AT&T INC 2.9 %
Total 37.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
IRELAND 0.7 %









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.
4.9% 14.0% 11.0% -- 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.03 96%
MSCI EAFE 1.03 80%
MSCI Emg. Mkts. 0.73 64%

Technical Indicators
Recent close $37.41
30d moving avg. $38.57
Annualized volatility 18.4%
Short interest (ETF) 1.9%
Short interest (Underlying) 1.9%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $10,069

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™: 5.0%


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
(%)
SPQQ Siren Large Cap Blend Index ETF 45.1 20 50 5.3 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.1 12 58 5.2 +0.1
OEF iShares S&P 100 ETF 38.2 20 50 6.0 +1.0
IWL iShares Russell Top 200 ETF 36.8 15 55 5.9 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 36.6 0 70 6.2 +1.1
XLG Invesco S&P 500 Top 50 ETF 35.8 20 50 6.0 +1.0
MGC Vanguard Mega Cap Index Fund 35.6 7 63 6.1 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 34.9 25 45 6.3 +1.3
SYG SPDR MFS Systematic Growth Equity ETF 34.3 60 10 5.5 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 34.1 32 38 5.8 +0.8
HIPR Direxion High Growth ETF 33.8 40 30 7.1 +2.0
XNTK SPDR NYSE Technology ETF 33.6 35 35 4.2 -0.9
SFY SoFi Select 500 ETF 32.8 0 70 5.7 +0.7
GVIP Goldman Sachs Hedge Industry VIP ETF 32.7 45 25 4.1 -1.0
JKF iShares Morningstar Large Cap Value ETF 32.6 25 45 7.8 +2.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.2 7 63 6.1 +1.0
EPS WisdomTree U.S. Earnings 500 Fund 32.2 8 62 7.4 +2.3
IWX iShares Russell Top 200 Value ETF 32.2 20 50 7.0 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 32.1 15 55 5.2 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.9 20 50 5.8 +0.8
JKE iShares Morningstar Large-Cap Growth ETF 31.7 25 45 2.9 -2.1
ESGU iShares MSCI USA ESG Optimized ETF 31.7 15 55 5.9 +0.9
XYLG Global X S&P 500 Covered Call & Growth ETF 31.7 60 10 5.8 +0.7
SPY SPDR S&P 500 ETF Trust 31.7 9 61 6.2 +1.1
PBP Invesco S&P 500 BuyWrite ETF 31.6 49 21 5.8 +0.7
PBUS Invesco PureBeta MSCI USA ETF 31.6 4 66 6.1 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.6 60 10 5.5 +0.5
VV Vanguard Large-Cap Index Fund 31.5 4 66 6.0 +0.9
SPLG SPDR Portfolio Large Cap ETF 31.5 3 67 6.2 +1.2
NACP Impact Shares NAACP Minority Empowerment ETF 31.4 75 -5 5.8 +0.7
HSPX Global X S&P 500 Covered Call ETF 31.4 60 10 5.7 +0.6
IVV iShares Core S&P 500 ETF 31.3 3 67 6.3 +1.2
VOO VANGUARD S&P 500 ETF 31.3 3 67 6.2 +1.2
SNPE Xtrackers S&P 500 ESG ETF 31.3 10 60 6.2 +1.1
ECOZ TrueMark ESG Active Opportunities ETF 31.2 58 12 4.4 -0.6
SCHX Schwab U.S. Large-Cap ETF 31.1 3 67 6.1 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 31.0 28 42 7.2 +2.1
SPXE ProShares S&P 500 Ex-Energy ETF 31.0 27 43 6.2 +1.1
ESGV Vanguard ESG U.S. Stock ETF 31.0 12 58 6.0 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 30.9 27 43 5.9 +0.9
SFYF SoFi 50 ETF 30.8 29 41 2.8 -2.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 30.8 20 50 6.2 +1.2
TECB iShares US Tech Breakthrough Multisector ETF 30.7 40 30 4.9 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 30.6 25 45 7.4 +2.3
IWB iShares Russell 1000 ETF 30.5 15 55 5.9 +0.8
VEGN US Vegan Climate ETF 30.5 60 10 5.9 +0.9
QYLD Global X NASDAQ 100 Covered Call ETF 30.5 60 10 5.6 +0.5
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 30.5 60 10 5.5 +0.5
SCHK Schwab 1000 Index ETF 30.4 5 65 6.0 +1.0
QQQ Invesco QQQ Trust 30.4 20 50 6.0 +0.9
NUSI Nationwide Risk-Managed Income ETF 30.4 68 2 5.5 +0.5
IYY iShares Dow Jones U.S. ETF 30.3 20 50 5.9 +0.8
VONE Vanguard Russell 1000 ETF 30.2 8 62 5.9 +0.9
SPTM SPDR Portfolio Total Stock Market ETF 30.1 3 67 6.3 +1.3
VLU SPDR S&P 1500 Value Tilt ETF 30.1 12 58 7.9 +2.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 29.9 2 68 6.1 +1.1
PRF Invesco FTSE RAFI US 1000 ETF 29.9 39 31 7.5 +2.4
SPXV ProShares S&P 500 Ex-Health Care ETF 29.8 27 43 5.9 +0.9
RAFE PIMCO RAFI ESG U.S. ETF 29.8 29 41 7.8 +2.8
IWY iShares Russell Top 200 Growth ETF 29.8 20 50 6.3 +1.2
VTHR Vanguard Russell 3000 Index Fund 29.7 10 60 5.8 +0.7
FDRR Fidelity Dividend ETF for Rising Rates 29.6 29 41 7.8 +2.8
MGV Vanguard Mega Cap Value ETF 29.5 7 63 7.4 +2.4
DGRO iShares Core Dividend Growth ETF 29.5 8 62 7.1 +2.1
SCHB Schwab U.S. Broad Market ETF 29.5 3 67 5.9 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 29.4 3 67 5.9 +0.8
IWV iShares Russell 3000 ETF 29.4 20 50 5.7 +0.7
FDMO Fidelity Momentum Factor ETF 29.4 29 41 4.3 -0.8
EXT WisdomTree U.S. Total Earnings Fund 29.3 28 42 6.3 +1.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.3 12 58 6.4 +1.3
MGK Vanguard Mega Cap Growth ETF 29.2 7 63 6.3 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 28.8 29 41 6.1 +1.0
DTD WisdomTree U.S.Total Dividend Fund 28.7 28 42 7.4 +2.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.7 25 45 7.5 +2.5
VTI Vanguard Total Stock Market Index Fund 28.6 3 67 5.8 +0.7
RWL Invesco S&P 500 Revenue ETF 28.4 39 31 7.6 +2.6
IUS Invesco Strategic US ETF 28.0 19 51 7.2 +2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.7 9 61 6.3 +1.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 27.6 49 21 5.4 +0.3
IQSU IQ Candriam ESG US Equity ETF 27.6 9 61 6.3 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.6 15 55 7.2 +2.1
SYE SPDR MFS Systematic Core Equity ETF 27.3 60 10 6.8 +1.7
PWV Invesco Dynamic Large Cap Value ETF 27.2 56 14 8.4 +3.4
SPXT ProShares S&P 500 Ex-Technology ETF 27.1 27 43 5.7 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 27.1 25 45 7.5 +2.5
LRGE ClearBridge Large Cap Growth ESG ETF 26.9 59 11 4.6 -0.4
VYM Vanguard High Dividend Yield Index ETF 26.9 6 64 7.7 +2.6
VOOG Vanguard S&P 500 Growth ETF 26.9 10 60 6.0 +0.9
FTHI First Trust High Income ETF 26.8 85 -15 5.8 +0.8
FVAL Fidelity Value Factor ETF 26.8 29 41 8.7 +3.7
PWB Invesco Dynamic Large Cap Growth ETF 26.7 56 14 3.8 -1.2
IWF iShares Russell 1000 Growth ETF 26.7 19 51 5.7 +0.7
VOOV Vanguard S&P 500 Value ETF 26.7 10 60 7.5 +2.5
WOMN Impact Shares YWCA Women's Empowerment ETF 26.7 75 -5 5.3 +0.3
RFFC RiverFront Dynamic US Flex-Cap ETF 26.6 52 18 5.7 +0.7
IVE iShares S&P 500 Value ETF 26.5 18 52 7.4 +2.4
IVW iShares S&P 500 Growth ETF 26.4 18 52 5.9 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 26.4 4 66 7.6 +2.5
FTLB First Trust Hedged BuyWrite Income ETF 26.4 85 -15 5.7 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 26.2 8 62 5.8 +0.8

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 15.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.