First Trust Mid Cap Value AlphaDEX Fund
ALTAR
Score™
14.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.3x P/Sales
ratio
0.5x
P/BV
ratio
0.8x Div.
yield
4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Mid Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Mid Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $30
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 225
Wgt avg mkt cap (mns) $3,409
Large cap (>$10bn) 0.6%
Mid cap ($2-10bn) 80.8%
Small cap (<$2bn) 18.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EQUITY COMMONWEALTH 1.2 %
ENSTAR GROUP LTD 1.0 %
NATIONAL GENERAL HLDGS 1.0 %
REGAL BELOIT CORP 0.9 %
RELIANCE STEEL & ALUMINUM 0.9 %
AVISTA CORP 0.9 %
ACXIOM CORP 0.9 %
OLIN CORP 0.9 %
MERCURY GENERAL CORP 0.8 %
STEEL DYNAMICS INC 0.8 %
Total 9.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
BERMUDA 2.2 %
IRELAND 1.5 %
PUERTO RICO 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-41.3% -37.7% -6.0% -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 1.51 82%
MSCI EAFE 1.46 75%
MSCI Emg. Mkts. 1.12 65%

Technical Indicators
Recent close $21.09
30d moving avg. $26.52
Annualized volatility 25.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 7.9%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 20
Turnover 1.4%
Bid/Ask (% of price) 0.92%
ADV underlying (mns) $13,606

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNK Expense: 70 bp ALTAR Score™: 14.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNK
Ticker Fund
Name
Overlap1
vs FNK
(%)
Expense
ratio
(bp)
Savings
vs FNK
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNK
(%)
FNX First Trust Mid Cap Core AlphaDEX Fund 51.3 61 9 9.5 -5.4
EZM WisdomTree U.S. MidCap Earnings Fund 45.2 38 32 13.0 -1.9
RNMC Mid Cap US Equity Select ETF 36.0 60 10 9.4 -5.5
MDYV SPDR S&P 400 Mid Cap Value ETF 34.1 15 55 11.4 -3.5
IJJ iShares S&P Mid-Cap 400 Value ETF 34.1 25 45 11.3 -3.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 33.9 15 55 11.5 -3.4
JKL iShares Morningstar Small Cap Value ETF 32.1 30 40 14.0 -0.9
AFMC First Trust Active Factor Mid Cap ETF 31.4 65 5 9.1 -5.8
RWK Invesco S&P MidCap 400 Revenue ETF 30.1 39 31 11.1 -3.8
DON WisdomTree U.S. MidCap Dividend Fund 30.0 38 32 10.4 -4.5
JHSC John Hancock Multifactor Small Cap ETF 29.6 50 20 8.2 -6.7
VBR Vanguard Small Cap Value Index Fund 29.5 7 63 11.4 -3.5
FAB First Trust Multi Cap Value AlphaDEX Fund 28.6 71 -1 12.7 -2.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 26.2 40 30 9.2 -5.7
PVAL Principal Contrarian Value Index ETF 25.5 29 41 10.1 -4.8
MDY SPDR S&P Midcap 400 ETF Trust 24.6 23 47 8.5 -6.4
SPMD SPDR Portfolio Mid Cap ETF 24.5 5 65 8.7 -6.2
IJH iShares Core S&P Mid-Cap ETF 24.4 6 64 8.6 -6.3
IVOO Vanguard S&P Mid-Cap 400 ETF 24.3 10 60 8.6 -6.3
FLAG FLAG-Forensic Accounting Long Short ETF 23.5 152 -82 11.2 -3.7
PXMV Invesco S&P MidCap Value with Momentum ETF 23.1 39 31 13.0 -1.9
SCHM Schwab U.S. Mid-Cap ETF 23.0 4 66 8.6 -6.3
ONEY SPDR Russell 1000 Yield Focus ETF 22.9 20 50 11.5 -3.4
FXO First Trust Financials AlphaDEX Fund 22.6 63 7 13.1 -1.8
SFYX Sofi Next 500 ETF 22.3 0 70 7.7 -7.2
FSMD Fidelity Small-Mid Factor ETF 21.8 29 41 9.5 -5.4
SMDY Syntax Stratified MidCap ETF 21.4 30 40 8.7 -6.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 21.3 20 50 9.8 -5.1
RFV Invesco S&P Midcap 400 Pure Value ETF 21.2 35 35 15.5 +0.6
VUSE Vident Core US Equity Fund 19.4 48 22 10.5 -4.4
PY Principal Shareholder Yield Index ETF 19.2 29 41 11.9 -3.0
VB Vanguard Small-Cap ETF 18.0 5 65 7.7 -7.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.7 24 46 8.0 -6.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 17.6 60 10 12.2 -2.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 17.2 48 22 8.5 -6.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.9 20 50 9.1 -5.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.8 29 41 8.8 -6.1
AVUV Avantis U.S. Small Cap Value ETF 16.6 25 45 13.0 -1.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 16.5 6 64 7.5 -7.4
JKJ iShares Morningstar Small-Cap ETF 16.3 25 45 8.6 -6.3
VFVA Vanguard U.S. Value Factor ETF 16.0 13 57 15.5 +0.6
AUSF Global X Adaptive U.S. Factor ETF 15.9 27 43 10.0 -4.9
ONEO SPDR Russell 1000 Momentum Focus ETF 15.9 20 50 9.0 -5.9
FXD First Trust Consumer Discretionary AlphaDEX Fund 15.8 64 6 12.1 -2.8
JVAL JPMorgan U.S. Value Factor ETF 15.6 12 58 11.5 -3.4
COWZ Pacer US Cash Cows 100 ETF 15.5 49 21 13.1 -1.8
VALQ American Century STOXX U.S. Quality Value ETF 15.2 29 41 11.0 -3.9
JHMM John Hancock Multifactor Mid Cap ETF 15.0 44 26 7.9 -7.0
SCHA Schwab U.S. Small-Cap ETF 14.9 4 66 7.1 -7.8
EQAL Invesco Russell 1000 Equal Weight ETF 14.8 20 50 7.4 -7.5
JDIV JPMorgan U.S. Dividend ETF 14.8 12 58 10.3 -4.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.6 17 53 6.9 -8.0
JKI iShares Morningstar Mid-Cap Value ETF 14.5 30 40 12.8 -2.1
KBE SPDR S&P Bank ETF 14.5 35 35 14.7 -0.2
IWS iShares Russell Mid-Cap Value ETF 14.1 24 46 9.5 -5.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.8 30 40 10.1 -4.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.8 20 50 7.4 -7.5
TUSA First Trust Total US Market AlphaDEX ETF 13.6 70 0 8.9 -6.0
SMMD iShares Russell 2500 ETF 13.4 15 55 7.7 -7.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.3 29 41 10.0 -4.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.2 17 53 8.6 -6.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 13.0 25 45 9.7 -5.2
VXF Vanguard Extended Market Index Fund 12.9 7 63 5.6 -9.3
ROUS Hartford Multifactor US Equity ETF 12.9 19 51 9.0 -5.9
KRE SPDR S&P Regional Banking ETF 12.8 35 35 14.9 -0.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 12.6 25 45 9.1 -5.8
NUSC Nuveen ESG Small-Cap ETF 12.5 40 30 7.2 -7.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 12.4 24 46 10.4 -4.5
STLV iShares Factors US Value Style ETF 12.4 25 45 9.8 -5.1
VTWV Vanguard Russell 2000 Value Index Fund 12.3 15 55 9.8 -5.1
CVY Invesco Zacks Multi-Asset Income ETF 12.3 97 -27 17.5 +2.6
FXZ First Trust Materials AlphaDEX Fund 12.2 65 5 9.9 -5.0
IWN iShares Russell 2000 Value ETF 12.2 24 46 9.7 -5.2
TPHD Timothy Plan High Dividend Stock ETF 11.7 52 18 9.0 -5.9
IAT iShares U.S. Regional Banks ETF 11.6 42 28 14.3 -0.6
QVAL Alpha Architect U.S. Quantitative Value ETF 11.6 49 21 16.4 +1.5
SYLD Cambria Shareholder Yield ETF 11.6 59 11 14.3 -0.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 11.4 15 55 6.4 -8.5
IJK iShares S&P Mid-Cap 400 Growth ETF 11.4 24 46 6.3 -8.6
VFMF Vanguard U.S. Multifactor ETF 11.4 18 52 10.4 -4.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 11.3 15 55 6.4 -8.5
XMLV Invesco S&P MidCap Low Volatility ETF 11.1 25 45 7.8 -7.1
QSY WisdomTree U.S. LargeCap Value Fund 11.0 38 32 9.2 -5.7
EQWM Invesco S&P MidCap Quality ETF 10.8 25 45 6.6 -8.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 10.8 63 7 9.1 -5.8
IUSS Invesco Strategic US Small Company ETF 10.8 23 47 8.4 -6.5
DVY iShares Select Dividend ETF 10.7 39 31 10.5 -4.4
DES WisdomTree U.S. SmallCap Dividend Fund 10.6 38 32 12.0 -2.9
TPLC Timothy Plan US Large Cap Core ETF 10.4 52 18 7.1 -7.8
KBWR Invesco KBW Regional Banking ETF 10.3 35 35 14.2 -0.7
PSC Principal U.S. Small Cap Index ETF 9.9 38 32 10.3 -4.6
IFRA iShares U.S. Infrastructure ETF 9.9 40 30 7.3 -7.6
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 9.8 40 30 7.6 -7.3
USMF WisdomTree U.S. Multifactor Fund 9.7 28 42 7.9 -7.0
VFQY Vanguard U.S. Quality Factor ETF 9.6 13 57 8.2 -6.7
WBIY WBI Power Factor High Dividend ETF 9.6 70 0 20.1 +5.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 9.5 30 40 8.2 -6.7
AFSM First Trust Active Factor Small Cap ETF 9.5 75 -5 10.0 -4.9
RPV Invesco S&P 500 Pure Value ETF 9.3 35 35 16.5 +1.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 9.3 19 51 7.4 -7.5

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 14.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.