First Trust Mid Cap Core AlphaDEX Fund
ALTAR
Score™
10.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.5x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Mid Cap Core AlphaDEX Fund is an closed-end Fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Mid Cap Core Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $494
Currency USD
Expense ratio 61 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 451
Wgt avg mkt cap (mns) $4,332
Large cap (>$10bn) 5.0%
Mid cap ($2-10bn) 83.3%
Small cap (<$2bn) 11.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELADOC INC 1.0 %
DOCUSIGN, INC. 0.7 %
ENPHASE ENERGY INC 0.7 %
FIVE9 INC 0.7 %
AMEDISYS INC 0.6 %
FTI CONSULTING INC 0.6 %
LHC GROUP INC 0.6 %
ACADIA PHARMACEUTICALS INC 0.6 %
EQUITY COMMONWEALTH 0.5 %
ALNYLAM PHARMACEUTICALS INC 0.5 %
Total 6.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
BERMUDA 2.2 %
IRELAND 1.2 %
BRITAIN 0.6 %
SWITZERLAND 0.4 %
PUERTO RICO 0.3 %
CAYMAN ISLANDS 0.1 %




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.
-33.4% -27.1% -1.4% 6.4% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.37 89%
MSCI EAFE 1.27 75%
MSCI Emg. Mkts. 0.97 63%

Technical Indicators
Recent close $45.53
30d moving avg. $55.62
Annualized volatility 22.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.8%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 119
Turnover 1.1%
Bid/Ask (% of price) 0.59%
ADV underlying (mns) $30,524

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNX Expense: 61 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNX
Ticker Fund
Name
Overlap1
vs FNX
(%)
Expense
ratio
(bp)
Savings
vs FNX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNX
(%)
EZM WisdomTree U.S. MidCap Earnings Fund 53.0 38 23 13.8 +3.7
RNMC Mid Cap US Equity Select ETF 51.4 60 1 10.0 -0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 51.3 70 -9 15.9 +5.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 46.5 70 -9 4.5 -5.6
SFYX Sofi Next 500 ETF 44.8 0 61 8.2 -2.0
SCHM Schwab U.S. Mid-Cap ETF 43.9 4 57 9.0 -1.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 43.4 40 21 9.7 -0.4
VB Vanguard Small-Cap ETF 43.2 5 56 8.1 -2.0
FSMD Fidelity Small-Mid Factor ETF 42.6 29 32 9.9 -0.2
JHSC John Hancock Multifactor Small Cap ETF 42.0 50 11 8.6 -1.6
MDY SPDR S&P Midcap 400 ETF Trust 41.9 23 38 8.9 -1.2
SPMD SPDR Portfolio Mid Cap ETF 41.8 5 56 9.1 -1.0
IJH iShares Core S&P Mid-Cap ETF 41.8 6 55 9.1 -1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 41.6 10 51 9.0 -1.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 39.9 6 55 8.0 -2.1
VBR Vanguard Small Cap Value Index Fund 38.2 7 54 12.0 +1.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 37.3 20 41 10.3 +0.2
AFMC First Trust Active Factor Mid Cap ETF 36.3 65 -4 9.7 -0.5
DON WisdomTree U.S. MidCap Dividend Fund 36.3 38 23 11.0 +0.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 36.0 17 44 7.3 -2.9
SMDY Syntax Stratified MidCap ETF 35.3 30 31 9.1 -1.0
SCHA Schwab U.S. Small-Cap ETF 35.0 4 57 7.5 -2.7
RWK Invesco S&P MidCap 400 Revenue ETF 33.9 39 22 11.7 +1.5
VXF Vanguard Extended Market Index Fund 33.7 7 54 5.9 -4.2
VBK Vanguard Small-Cap Growth Index Fund 31.1 7 54 3.9 -6.2
MDYV SPDR S&P 400 Mid Cap Value ETF 30.2 15 46 12.1 +1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 30.1 25 36 12.0 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 30.0 15 46 12.2 +2.1
JHMM John Hancock Multifactor Mid Cap ETF 30.0 44 17 8.3 -1.9
IJK iShares S&P Mid-Cap 400 Growth ETF 29.2 24 37 6.7 -3.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 29.2 15 46 6.7 -3.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 29.1 15 46 6.7 -3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 28.6 71 -10 13.3 +3.1
FAD First Trust Multi Cap Growth AlphaDEX Fund 28.2 66 -5 4.2 -5.9
SMMD iShares Russell 2500 ETF 28.0 15 46 8.1 -2.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.4 29 32 9.2 -0.9
NUSC Nuveen ESG Small-Cap ETF 26.8 40 21 7.6 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 26.7 70 -9 9.4 -0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.4 25 36 9.6 -0.5
IUSS Invesco Strategic US Small Company ETF 26.3 23 38 9.0 -1.2
PVAL Principal Contrarian Value Index ETF 24.7 29 32 10.6 +0.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 24.4 24 37 11.1 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 24.1 20 41 9.4 -0.7
EQAL Invesco Russell 1000 Equal Weight ETF 24.1 20 41 7.6 -2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.3 24 37 8.3 -1.8
VTWO Vanguard Russell 2000 Index Fund 23.2 10 51 5.8 -4.3
IWM iShares Russell 2000 ETF 23.2 19 42 5.7 -4.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.7 20 41 9.5 -0.6
JKL iShares Morningstar Small Cap Value ETF 21.3 30 31 14.8 +4.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 21.1 17 44 8.9 -1.2
ONEY SPDR Russell 1000 Yield Focus ETF 20.7 20 41 12.2 +2.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.5 29 32 8.5 -1.6
IWS iShares Russell Mid-Cap Value ETF 20.1 24 37 10.0 -0.1
JKK iShares Morningstar Small-Cap Growth ETF 20.0 30 31 2.3 -7.9
TPLC Timothy Plan US Large Cap Core ETF 19.7 52 9 7.3 -2.8
IWO iShares Russell 2000 Growth ETF 19.6 24 37 1.6 -8.6
VTWG Vanguard Russell 2000 Growth Index Fund 19.6 15 46 1.8 -8.3
IWR iShares Russell Midcap ETF 19.5 19 42 8.0 -2.2
VFLQ Vanguard U.S. Liquidity Factor ETF 19.3 13 48 5.5 -4.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 18.6 39 22 8.7 -1.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 18.5 20 41 9.7 -0.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.3 20 41 7.8 -2.3
BFOR Barron's 400 ETF 18.1 66 -5 9.1 -1.0
VFVA Vanguard U.S. Value Factor ETF 18.0 13 48 16.5 +6.4
JKJ iShares Morningstar Small-Cap ETF 17.7 25 36 9.0 -1.1
JVAL JPMorgan U.S. Value Factor ETF 17.5 12 49 11.9 +1.8
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 17.3 48 13 8.8 -1.3
CFA Victory CEMP US 500 Volatility Weighted Index ETF 17.2 35 26 8.1 -2.1
VFMO Vanguard U.S. Momentum Factor ETF 17.2 13 48 4.7 -5.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 16.9 35 26 6.0 -4.1
VUSE Vident Core US Equity Fund 16.7 48 13 11.0 +0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.5 35 26 7.6 -2.5
VFMF Vanguard U.S. Multifactor ETF 16.5 18 43 10.9 +0.8
VFQY Vanguard U.S. Quality Factor ETF 16.2 13 48 8.5 -1.6
ROUS Hartford Multifactor US Equity ETF 16.1 19 42 9.2 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.7 39 22 6.4 -3.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.6 30 31 10.7 +0.6
AFSM First Trust Active Factor Small Cap ETF 15.6 75 -14 10.6 +0.5
IWP iShares Russell Mid-Cap Growth ETF 15.3 24 37 6.0 -4.1
USMF WisdomTree U.S. Multifactor Fund 15.1 28 33 8.1 -2.1
FXO First Trust Financials AlphaDEX Fund 15.1 63 -2 13.9 +3.8
ISMD Inspire Small/Mid Cap Impact ETF 14.7 61 0 7.6 -2.5
VALQ American Century STOXX U.S. Quality Value ETF 14.3 29 32 11.5 +1.4
JKI iShares Morningstar Mid-Cap Value ETF 14.1 30 31 13.5 +3.4
EQWM Invesco S&P MidCap Quality ETF 14.0 25 36 6.8 -3.3
AUSF Global X Adaptive U.S. Factor ETF 13.8 27 34 10.5 +0.4
VTWV Vanguard Russell 2000 Value Index Fund 13.8 15 46 10.5 +0.3
IWN iShares Russell 2000 Value ETF 13.8 24 37 10.3 +0.2
PXMV Invesco S&P MidCap Value with Momentum ETF 13.6 39 22 13.7 +3.5
FLAG FLAG-Forensic Accounting Long Short ETF 13.3 152 -91 11.1 +0.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 13.3 60 1 12.8 +2.7
PY Principal Shareholder Yield Index ETF 13.1 29 32 12.6 +2.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.0 30 31 8.5 -1.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.9 35 26 7.9 -2.2
JHMI John Hancock Multifactor Industrials ETF 12.8 40 21 8.5 -1.6
JKH iShares Morningstar Mid-Cap Growth ETF 12.2 30 31 3.6 -6.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 12.2 64 -3 13.2 +3.1
JDIV JPMorgan U.S. Dividend ETF 11.9 12 49 10.7 +0.6
AVUV Avantis U.S. Small Cap Value ETF 11.8 25 36 13.8 +3.7
ETHO Etho Climate Leadership U.S. ETF 11.7 47 14 6.7 -3.5

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 Core AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.