First Trust Mega Cap AlphaDEX Fund
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.5x P/Sales
ratio
1.6x
P/BV
ratio
2.1x Div.
yield
2.4%


  • 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 12, 2011
Assets (mns) $23
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) $222,390
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 6.8 %
T-MOBILE US, INC. 4.0 %
CHARTER COMMUNICATIONS, INC. CLASS 3.5 %
INTEL CORP 3.4 %
JPMORGAN CHASE & CO 3.1 %
CITIGROUP INC 3.0 %
TARGET CORP 2.9 %
PFIZER INC 2.9 %
CHEVRON CORP 2.9 %
CONOCOPHILLIPS 2.9 %
Total 35.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.1 %
IRELAND 0.6 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.0% 13.3% 9.5% -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.97 92%
MSCI EAFE 0.86 60%
MSCI Emg. Mkts. 0.59 49%

Technical Indicators
Recent close $35.30
30d moving avg. $39.17
Annualized volatility 12.2%
Short interest (ETF) 2.0%
Short interest (Underlying) 1.9%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $66,991

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 5.9%


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
(%)
MGV Vanguard Mega Cap Value ETF 42.8 7 63 7.5 +1.7
IWX iShares Russell Top 200 Value ETF 41.8 20 50 7.4 +1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 41.4 12 58 5.6 -0.3
OEF iShares S&P 100 ETF 40.9 20 50 5.6 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 39.7 25 45 6.5 +0.6
VTV Vanguard Value Index Fund 38.1 4 66 7.7 +1.8
RAFE PIMCO RAFI ESG U.S. ETF 37.8 29 41 8.4 +2.5
OVOL Invesco Russell 1000 Low Volatility Factor ETF 37.7 19 51 5.3 -0.6
JKF iShares Morningstar Large Cap Value ETF 37.2 25 45 8.1 +2.2
XLG Invesco S&P 500 Top 50 ETF 37.0 20 50 5.3 -0.6
ESGL Invesco ESG Revenue ETF 36.9 40 30 7.3 +1.4
IWL iShares Russell Top 200 ETF 36.4 15 55 5.8 -0.1
VOOV Vanguard S&P 500 Value ETF 36.2 15 55 7.6 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 36.2 4 66 7.7 +1.8
IVE iShares S&P 500 Value ETF 36.2 18 52 7.6 +1.7
EPS WisdomTree U.S. Earnings 500 Fund 35.6 8 62 7.2 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 35.4 28 42 6.9 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 35.4 32 38 5.5 -0.4
PRF Invesco FTSE RAFI US 1000 ETF 35.2 39 31 6.9 +1.0
MGC Vanguard Mega Cap Index Fund 35.0 7 63 5.9 +0.1

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

Content on this tab for subscribers only

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 13.7 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.56
 
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.