First Trust Mega Cap AlphaDEX Fund
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.5x P/Sales
ratio
2.0x
P/BV
ratio
3.9x Div.
yield
2.3%


  • 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) $21
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 30
Wgt avg mkt cap (mns) $343,352
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
BOEING CO 4.3 %
WALT DISNEY CO/THE 4.0 %
HONEYWELL INTERNATIONAL INC 3.9 %
WALGREENS BOOTS ALLIANCE INC 3.6 %
GOLDMAN SACHS GROUP INC 3.6 %
CHEVRON CORP 3.6 %
TRAVELERS COS INC/THE 3.6 %
JPMORGAN CHASE & CO 3.6 %
CATERPILLAR INC 3.5 %
NIKE INC -CL B 3.5 %
Total 37.3 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.6% 13.6% 11.8% -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 94%
MSCI EAFE 1.01 84%
MSCI Emg. Mkts. 0.77 62%

Technical Indicators
Recent close $42.92
30d moving avg. $42.91
Annualized volatility 20.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.9%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $53,307

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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
(%)
EDOW First Trust Dow 30 Equal Weight ETF 91.8 50 20 5.2 +0.1
DIA SPDR Dow Jones Industrial Average ETF Trust 78.7 16 54 5.0 0.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 70.1 7 63 6.3 +1.3
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 54.8 49 21 4.1 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 46.0 12 58 5.0 +0.0
OUSA O'Shares FTSE US Quality Dividend ETF 44.2 48 22 5.5 +0.5
DGRW WisdomTree U.S. Quality Dividend Growth Fund 36.0 28 42 6.1 +1.1
MGV Vanguard Mega Cap Value ETF 36.0 7 63 6.4 +1.4
DGRO iShares Core Dividend Growth ETF 35.3 8 62 6.0 +1.0
JKF iShares Morningstar Large Cap Value ETF 35.2 25 45 6.6 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 34.8 28 42 6.2 +1.2
XLG Invesco S&P 500 Top 50 ETF 34.7 20 50 4.2 -0.8
SPQQ Siren Large Cap Blend Index ETF 33.2 20 50 4.3 -0.7
PFM Invesco Dividend Achievers ETF 33.0 53 17 5.1 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 32.6 30 40 6.7 +1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 32.5 37 33 5.6 +0.6
QUAL iShares MSCI Usa Quality Factor ETF 32.3 15 55 5.1 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 32.2 49 21 4.8 -0.2
OEF iShares S&P 100 ETF 32.0 20 50 4.3 -0.7
DTD WisdomTree U.S.Total Dividend Fund 31.9 28 42 6.3 +1.3
FDRR Fidelity Dividend ETF for Rising Rates 31.5 29 41 6.0 +1.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 31.0 35 35 6.7 +1.7
IWX iShares Russell Top 200 Value ETF 30.7 20 50 6.0 +1.0
VIG Vanguard Dividend Appreciation Index Fund 30.6 6 64 5.0 0.0
DIVB iShares U.S. Dividend & Buyback ETF 30.4 25 45 5.9 +0.9
QDF FlexShares Quality Dividend Index Fund 30.3 37 33 5.6 +0.6
HDV iShares Core High Dividend ETF 29.8 8 62 6.3 +1.3
CCOR Core Alternative ETF 29.7 109 -39 4.1 -0.9
YLDE ClearBridge Dividend Strategy ESG ETF 29.5 60 10 4.5 -0.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 29.2 75 -5 5.3 +0.3
VTV Vanguard Value Index Fund 29.0 4 66 6.5 +1.5
VYM Vanguard High Dividend Yield Index ETF 28.9 6 64 6.6 +1.6
EPS WisdomTree U.S. Earnings 500 Fund 28.3 8 62 6.0 +1.0
SPHQ Invesco S&P 500 Quality ETF 28.0 15 55 4.5 -0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 27.7 25 45 5.6 +0.6
VOOV Vanguard S&P 500 Value ETF 27.6 10 60 6.6 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 27.3 32 38 4.6 -0.4
SUSL iShares ESG MSCI USA Leaders ETF 27.2 10 60 4.9 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.1 10 60 4.9 -0.1
FDVV Fidelity Core Dividend ETF 27.0 29 41 6.1 +1.1
IWL iShares Russell Top 200 ETF 27.0 15 55 4.5 -0.5
QUS SPDR MSCI USA StrategicFactors ETF 26.8 15 55 5.3 +0.3
PWV Invesco Dynamic Large Cap Value ETF 26.8 56 14 6.8 +1.8
QLV FlexShares US Quality Low Volatility Index Fund 26.7 22 48 4.4 -0.6
MGC Vanguard Mega Cap Index Fund 26.7 7 63 4.7 -0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 26.5 0 70 4.6 -0.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.1 37 33 5.4 +0.4
NULV Nuveen ESG Large-Cap Value ETF 25.9 35 35 6.0 +1.0
JCTR JPMorgan Carbon Transition U.S. Equity ETF 25.8 15 55 4.7 -0.3
IOO iShares Global 100 ETF 25.6 40 30 4.4 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 25.5 20 50 4.7 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 25.3 75 -5 3.6 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 25.1 4 66 6.4 +1.4
IVE iShares S&P 500 Value ETF 25.0 18 52 6.3 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.8 19 51 5.4 +0.4
ACIO Aptus Collared Income Opportunity ETF 24.8 79 -9 3.9 -1.1
LRGE ClearBridge Large Cap Growth ESG ETF 24.6 59 11 3.4 -1.6
ESGV Vanguard ESG U.S. Stock ETF 24.6 12 58 4.6 -0.4
SPMV Invesco S&P 500 Minimum Variance ETF 24.6 10 60 5.5 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.5 15 55 5.8 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 24.0 60 10 3.7 -1.3
PBP Invesco S&P 500 BuyWrite ETF 23.8 49 21 4.4 -0.6
EFIV SPDR S&P 500 ESG ETF 23.8 10 60 4.7 -0.3
IQSU IQ Candriam ESG US Equity ETF 23.8 9 61 4.6 -0.4
SNPE Xtrackers S&P 500 ESG ETF 23.8 10 60 4.7 -0.3
FDLO Fidelity Low Volatility Factor ETF 23.7 29 41 5.0 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 23.7 25 45 5.8 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 23.7 27 43 4.5 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 23.6 60 10 4.4 -0.6
VOO VANGUARD S&P 500 ETF 23.5 3 67 4.9 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 23.5 20 50 4.9 -0.1
SPY SPDR S&P 500 ETF Trust 23.4 9 61 4.8 -0.2
IVV iShares Core S&P 500 ETF 23.4 3 67 4.8 -0.2
IUSV iShares Core S&P U.S. Value ETF 23.4 4 66 6.4 +1.4
SPLG SPDR Portfolio Large Cap ETF 23.4 3 67 4.8 -0.2
FQAL Fidelity Quality Factor ETF 23.3 29 41 5.1 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 23.3 27 43 4.7 -0.3
JQUA JPMorgan U.S. Quality Factor ETF 23.1 12 58 5.1 +0.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.0 29 41 8.2 +3.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.9 7 63 4.6 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 22.8 49 21 3.5 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 22.8 15 55 4.5 -0.5
FVAL Fidelity Value Factor ETF 22.7 29 41 6.9 +1.9
DSI iShares MSCI KLD 400 Social ETF 22.6 25 45 4.7 -0.4
VV Vanguard Large-Cap Index Fund 22.5 4 66 4.7 -0.3
SUSA iShares MSCI USA ESG Select ETF 22.5 25 45 4.3 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.4 2 68 4.7 -0.3
PBUS Invesco PureBeta MSCI USA ETF 22.4 4 66 4.7 -0.3
ADME Aptus Drawdown Managed Equity ETF 22.3 79 -9 3.2 -1.8
FLLV Franklin Liberty U.S. Low Volatility ETF 22.2 29 41 5.0 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 22.1 27 43 4.4 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 21.9 25 45 5.7 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 21.9 3 67 4.9 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 21.9 39 31 5.8 +0.8
SCHX Schwab U.S. Large-Cap ETF 21.8 3 67 4.6 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 21.7 4 66 6.1 +1.1
SFY SoFi Select 500 ETF 21.7 0 70 4.6 -0.4

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:

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 20.0 %
Divided by: Fwd. P/BV 3.5 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
1.52 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.