First Trust Mid Cap Value AlphaDEX Fund
ALTAR
Score™		 10.6% info Recommen-
dation		 SPECULATIVE
2020E    2021E
P/E
ratio		 171.7x P/Sales
ratio		 0.7x
P/BV
ratio		 0.9x Div.
yield		 3.3%


  • 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) $33
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) $4,090
Large cap (>$10bn) 3.0%
Mid cap ($2-10bn) 86.6%
Small cap (<$2bn) 10.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENCANA CORP 0.8 %
TOLL BROTHERS INC 0.8 %
JEFFERIES FINANCIAL GROUP INC. 0.8 %
KOHLS CORP 0.8 %
XEROX CORP 0.8 %
NRG ENERGY INC 0.8 %
JONES LANG LASALLE INC 0.8 %
BORGWARNER INC 0.8 %
KB HOME 0.8 %
FIRST AMERICAN FINANCIAL 0.8 %
Total 7.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
BERMUDA 2.0 %
CANADA 0.8 %
PUERTO RICO 0.7 %
IRELAND 0.3 %
CAYMAN ISLANDS 0.2 %





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.
-22.8% -18.1% -0.6% -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.54 86%
MSCI EAFE 1.60 81%
MSCI Emg. Mkts. 1.19 71%

Technical Indicators
Recent close $26.61
30d moving avg. $28.23
Annualized volatility 28.2%
Short interest (ETF) 0.6%
Short interest (Underlying) 7.9%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 71
Turnover 5.7%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $21,804

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™: 10.6%


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 52.0 61 9 6.5 -4.1
EZM WisdomTree U.S. MidCap Earnings Fund 41.6 38 32 9.4 -1.2
JKL iShares Morningstar Small Cap Value ETF 39.2 30 40 10.6 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 35.9 29 41 10.0 -0.5
RNMC Mid Cap US Equity Select ETF 35.6 60 10 7.9 -2.7
MDYV SPDR S&P 400 Mid Cap Value ETF 34.0 15 55 8.8 -1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 33.9 25 45 8.7 -1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 33.1 15 55 8.8 -1.8
JHSC John Hancock Multifactor Small Cap ETF 31.7 42 28 6.0 -4.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 31.3 20 50 9.6 -0.9
DON WisdomTree U.S. MidCap Dividend Fund 30.5 38 32 7.8 -2.7
PVAL Principal Contrarian Value Index ETF 30.4 29 41 10.4 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 29.7 71 -1 9.8 -0.8
RWK Invesco S&P MidCap 400 Revenue ETF 29.4 39 31 8.2 -2.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 28.8 40 30 7.3 -3.2
VBR Vanguard Small Cap Value Index Fund 27.5 7 63 8.6 -2.0
AFMC First Trust Active Factor Mid Cap ETF 26.2 65 5 6.4 -4.2
MDY SPDR S&P Midcap 400 ETF Trust 26.0 23 47 6.5 -4.1
SPMD SPDR Portfolio Mid Cap ETF 26.0 5 65 6.7 -3.9
IJH iShares Core S&P Mid-Cap ETF 25.9 6 64 6.7 -3.9
IVOO Vanguard S&P Mid-Cap 400 ETF 25.2 10 60 6.6 -4.0
PXMV Invesco S&P MidCap Value with Momentum ETF 22.7 39 31 10.4 -0.2
SMDY Syntax Stratified MidCap ETF 22.6 30 40 6.4 -4.1
FSMD Fidelity Small-Mid Factor ETF 22.4 29 41 7.1 -3.4
SCHM Schwab U.S. Mid-Cap ETF 22.1 4 66 6.3 -4.2
PMOM Principal Sustainable Momentum Index ETF 21.4 29 41 9.3 -1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 20.7 7 63 5.5 -5.0
FXO First Trust Financials AlphaDEX Fund 20.6 63 7 11.8 +1.3
SFYX Sofi Next 500 ETF 20.0 0 70 6.0 -4.6
JKJ iShares Morningstar Small-Cap ETF 19.9 25 45 6.8 -3.7
ONEY SPDR Russell 1000 Yield Focus ETF 19.9 20 50 9.5 -1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 19.5 4 66 5.8 -4.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 18.9 48 22 5.8 -4.8
KBE SPDR S&P Bank ETF 18.3 35 35 12.0 +1.4
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 18.2 60 10 8.7 -1.9
PY Principal Shareholder Yield Index ETF 17.8 29 41 9.7 -0.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 17.8 6 64 5.4 -5.2
VB Vanguard Small-Cap ETF 17.7 5 65 5.4 -5.2
VUSE Vident Core US Equity Fund 17.4 48 22 8.4 -2.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.2 17 53 5.2 -5.4
VFVA Vanguard U.S. Value Factor ETF 17.1 14 56 11.7 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 16.8 24 46 6.3 -4.3
KRE SPDR S&P Regional Banking ETF 16.2 35 35 11.8 +1.2
VALQ American Century STOXX U.S. Quality Value ETF 16.1 29 41 9.2 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.9 29 41 6.8 -3.8
AUSF Global X Adaptive U.S. Factor ETF 15.5 27 43 7.9 -2.7
SCHA Schwab U.S. Small-Cap ETF 15.2 4 66 4.7 -5.8
NUSC Nuveen ESG Small-Cap ETF 14.7 40 30 5.4 -5.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.6 30 40 7.9 -2.6
JHMM John Hancock Multifactor Mid Cap ETF 14.5 42 28 5.8 -4.8
IWN iShares Russell 2000 Value ETF 14.5 24 46 7.5 -3.1
COWZ Pacer US Cash Cows 100 ETF 14.4 49 21 11.0 +0.4
AVUV Avantis U.S. Small Cap Value ETF 14.3 25 45 9.5 -1.1
EQAL Invesco Russell 1000 Equal Weight ETF 14.2 20 50 5.7 -4.8
TPHD Timothy Plan High Dividend Stock ETF 13.9 52 18 7.8 -2.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.8 20 50 7.1 -3.4
CVY Invesco Zacks Multi-Asset Income ETF 13.6 97 -27 11.8 +1.2
JVAL JPMorgan U.S. Value Factor ETF 13.4 12 58 8.8 -1.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 13.4 25 45 6.9 -3.7
STLV iShares Factors US Value Style ETF 13.4 25 45 7.9 -2.7
RFV Invesco S&P Midcap 400 Pure Value ETF 13.3 35 35 10.7 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 13.2 70 0 6.0 -4.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.9 29 41 8.3 -2.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 12.9 15 55 5.0 -5.6
IJK iShares S&P Mid-Cap 400 Growth ETF 12.8 24 46 4.9 -5.7
IAT iShares U.S. Regional Banks ETF 12.8 42 28 11.3 +0.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 12.7 15 55 5.0 -5.6
SMMD iShares Russell 2500 ETF 12.6 15 55 5.5 -5.1
JDIV JPMorgan U.S. Dividend ETF 12.5 12 58 8.0 -2.6
QSY WisdomTree U.S. LargeCap Value Fund 12.5 38 32 6.9 -3.7
SLT Salt TruBeta High Exposure ETF 12.5 29 41 9.5 -1.0
KBWR Invesco KBW Regional Banking ETF 12.5 35 35 11.9 +1.3
IWS iShares Russell Mid-Cap Value ETF 12.3 24 46 7.3 -3.2
VXF Vanguard Extended Market Index Fund 12.3 7 63 3.7 -6.8
PSC Principal U.S. Small Cap Index ETF 12.3 38 32 7.2 -3.4
FXD First Trust Consumer Discretionary AlphaDEX Fund 12.0 64 6 7.7 -2.9
VTWV Vanguard Russell 2000 Value Index Fund 12.0 15 55 7.6 -3.0
IFRA iShares U.S. Infrastructure ETF 11.9 40 30 6.2 -4.4
VFLQ Vanguard U.S. Liquidity Factor ETF 11.8 14 56 4.8 -5.8
ONEO SPDR Russell 1000 Momentum Focus ETF 11.7 20 50 6.5 -4.1
EQWM Invesco S&P MidCap Quality ETF 11.7 25 45 6.4 -4.2
IUSS Invesco Strategic US Small Company ETF 11.6 23 47 5.6 -4.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 11.5 24 46 7.3 -3.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.0 20 50 4.8 -5.8
SYLD Cambria Shareholder Yield ETF 10.8 59 11 9.0 -1.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 10.7 63 7 7.2 -3.4
USMF WisdomTree U.S. Multifactor Fund 10.7 28 42 5.4 -5.2
VFMF Vanguard U.S. Multifactor ETF 10.5 19 51 7.2 -3.3
TPLC Timothy Plan US Large Cap Core ETF 10.3 52 18 5.5 -5.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 10.2 17 53 6.4 -4.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.9 80 -10 5.7 -4.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 9.6 25 45 6.6 -4.0
IWM iShares Russell 2000 ETF 9.5 19 51 3.7 -6.9
ROUS Hartford Multifactor US Equity ETF 9.5 19 51 7.3 -3.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 9.2 25 45 7.9 -2.7
DVY iShares Select Dividend ETF 9.1 39 31 9.8 -0.8
VFQY Vanguard U.S. Quality Factor ETF 8.9 13 57 6.1 -4.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 8.9 18 52 6.3 -4.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 8.7 30 40 6.0 -4.6
IWR iShares Russell Midcap ETF 8.6 19 51 5.6 -4.9

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 9.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 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.