First Trust Mid Cap Core AlphaDEX Fund
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
27.5x P/Sales
ratio
1.4x
P/BV
ratio
1.7x Div.
yield
1.8%


  • 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 08, 2007
Assets (mns) $590
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) $6,808
Large cap (>$10bn) 13.1%
Mid cap ($2-10bn) 80.2%
Small cap (<$2bn) 6.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 0.7 %
CARVANA CO. CLASS A 0.6 %
ZILLOW GROUP, INC. CLASS C 0.6 %
BOSTON BEER COMPANY INC-CL A 0.6 %
ENPHASE ENERGY INC 0.6 %
WAYFAIR INC- CLASS A 0.5 %
TOLL BROTHERS INC 0.5 %
TOPBUILD CORP 0.5 %
IMMUNOMEDICS INC 0.5 %
HORIZON PHARMA PLC 0.5 %
Total 5.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
BERMUDA 1.7 %
IRELAND 0.9 %
SWITZERLAND 0.4 %
PUERTO RICO 0.3 %
CANADA 0.3 %
BRITAIN 0.2 %
CAYMAN ISLANDS 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% -1.0% 7.7% 9.7% 6.9%

Market Correlations
versus... Beta R-squared
S&P500 1.32 90%
MSCI EAFE 1.38 81%
MSCI Emg. Mkts. 1.01 68%

Technical Indicators
Recent close $65.96
30d moving avg. $66.63
Annualized volatility 24.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.8%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.2%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $8,803

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.7%


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
(%)
FNK First Trust Mid Cap Value AlphaDEX Fund 50.8 70 -9 11.4 +4.7
EZM WisdomTree U.S. MidCap Earnings Fund 50.2 38 23 9.2 +2.5
SFYX Sofi Next 500 ETF 48.7 0 61 6.0 -0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 48.1 70 -9 2.1 -4.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 47.7 7 54 5.3 -1.4
SCHM Schwab U.S. Mid-Cap ETF 44.8 4 57 6.2 -0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 44.8 4 57 5.9 -0.8
VB Vanguard Small-Cap ETF 43.9 5 56 5.5 -1.2
RNMC Mid Cap US Equity Select ETF 43.1 60 1 7.8 +1.1
FSMD Fidelity Small-Mid Factor ETF 42.8 29 32 6.5 -0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 42.0 40 21 7.6 +1.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 41.6 6 55 5.4 -1.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 41.1 17 44 5.0 -1.7
IJH iShares Core S&P Mid-Cap ETF 41.0 5 56 6.8 +0.2
MDY SPDR S&P Midcap 400 ETF Trust 41.0 23 38 6.7 -0.0
SPMD SPDR Portfolio Mid Cap ETF 40.9 5 56 6.8 +0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 40.2 10 51 6.6 -0.1
SMDY Syntax Stratified MidCap ETF 36.2 30 31 7.0 +0.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 35.4 20 41 9.6 +2.9
VBK Vanguard Small-Cap Growth Index Fund 35.3 7 54 2.4 -4.3
AFMC First Trust Active Factor Mid Cap ETF 34.2 65 -4 6.5 -0.2
RWK Invesco S&P MidCap 400 Revenue ETF 33.4 39 22 8.5 +1.9
VBR Vanguard Small Cap Value Index Fund 33.1 7 54 8.5 +1.8
JHSC John Hancock Multifactor Small Cap ETF 32.8 42 19 5.9 -0.8
SMMD iShares Russell 2500 ETF 32.6 15 46 6.0 -0.7
VXF Vanguard Extended Market Index Fund 32.4 6 55 3.6 -3.1
DON WisdomTree U.S. MidCap Dividend Fund 32.1 38 23 7.9 +1.2
SCHA Schwab U.S. Small-Cap ETF 32.1 4 57 5.0 -1.7
JHMM John Hancock Multifactor Mid Cap ETF 31.4 42 19 5.7 -1.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.5 29 32 9.6 +3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.7 66 -5 2.4 -4.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 29.6 15 46 5.1 -1.6
FAB First Trust Multi Cap Value AlphaDEX Fund 29.4 71 -10 10.1 +3.4
IJK iShares S&P Mid-Cap 400 Growth ETF 29.3 24 37 5.1 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 29.3 15 46 5.2 -1.5
MDYV SPDR S&P 400 Mid Cap Value ETF 28.3 15 46 8.9 +2.2
IJJ iShares S&P Mid-Cap 400 Value ETF 28.3 25 36 8.8 +2.1
NUSC Nuveen ESG Small-Cap ETF 28.1 40 21 5.0 -1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 27.8 29 32 7.0 +0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 27.7 15 46 8.8 +2.1
JKL iShares Morningstar Small Cap Value ETF 26.8 30 31 10.5 +3.8
TUSA First Trust Total US Market AlphaDEX ETF 26.7 70 -9 6.0 -0.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.7 24 37 6.2 -0.5
EQAL Invesco Russell 1000 Equal Weight ETF 25.6 20 41 6.0 -0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.6 25 36 7.7 +1.0
IUSS Invesco Strategic US Small Company ETF 23.9 23 38 5.4 -1.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.0 24 37 6.7 0.0
JKK iShares Morningstar Small-Cap Growth ETF 22.6 30 31 1.1 -5.6
IWR iShares Russell Midcap ETF 22.5 19 42 5.6 -1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 22.4 20 41 6.5 -0.2
IWP iShares Russell Mid-Cap Growth ETF 21.2 24 37 3.0 -3.7
IWS iShares Russell Mid-Cap Value ETF 19.6 24 37 7.2 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 19.4 20 41 7.1 +0.4
VFLQ Vanguard U.S. Liquidity Factor ETF 19.1 14 47 4.3 -2.4
TPLC Timothy Plan US Large Cap Core ETF 19.1 52 9 5.4 -1.3
BFOR Barron's 400 ETF 18.8 65 -4 6.7 +0.0
IWM iShares Russell 2000 ETF 18.7 19 42 3.5 -3.2
VFVA Vanguard U.S. Value Factor ETF 18.7 14 47 11.5 +4.8
VTWO Vanguard Russell 2000 Index Fund 18.6 10 51 3.8 -2.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 18.3 17 44 6.4 -0.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 18.2 39 22 4.8 -1.9
ONEY SPDR Russell 1000 Yield Focus ETF 17.8 20 41 9.2 +2.5
JKJ iShares Morningstar Small-Cap ETF 17.7 25 36 6.6 -0.1
VUSE Vident Core US Equity Fund 17.6 48 13 9.2 +2.5
VFQY Vanguard U.S. Quality Factor ETF 17.5 13 48 6.6 -0.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 17.2 35 26 4.1 -2.6
USMF WisdomTree U.S. Multifactor Fund 17.2 28 33 5.8 -0.9
VFMF Vanguard U.S. Multifactor ETF 16.7 19 42 7.6 +0.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 16.6 30 31 7.9 +1.2
AFSM First Trust Active Factor Small Cap ETF 16.5 75 -14 5.7 -1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 16.5 35 26 5.8 -0.9
VFMO Vanguard U.S. Momentum Factor ETF 16.4 13 48 0.8 -5.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.4 20 41 5.1 -1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.3 35 26 5.8 -0.9
JVAL JPMorgan U.S. Value Factor ETF 15.7 12 49 8.6 +1.9
BUY USCF SummerHaven SHPEI Index Fund 15.6 80 -19 9.1 +2.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 15.6 29 32 5.3 -1.4
XMMO Invesco S&P MidCap Momentum ETF 15.0 34 27 4.0 -2.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 14.7 4 57 5.4 -1.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.5 30 31 5.8 -0.9
JKH iShares Morningstar Mid-Cap Growth ETF 14.2 30 31 2.1 -4.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.1 30 31 5.7 -1.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.0 25 36 6.6 -0.1
IWO iShares Russell 2000 Growth ETF 13.9 24 37 -0.1 -6.8
VTWG Vanguard Russell 2000 Growth Index Fund 13.6 15 46 0.1 -6.6
PXMV Invesco S&P MidCap Value with Momentum ETF 13.2 39 22 10.2 +3.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.2 20 41 4.8 -1.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 13.2 48 13 6.5 -0.2
IWN iShares Russell 2000 Value ETF 13.0 24 37 7.2 +0.5
VALQ American Century STOXX U.S. Quality Value ETF 12.8 29 32 9.1 +2.4
JMOM JPMorgan U.S. Momentum Factor ETF 12.7 12 49 3.5 -3.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 12.6 64 -3 5.7 -1.0
SIZE iShares Edge MSCI USA Size Factor ETF 12.4 15 46 6.2 -0.5
AUSF Global X Adaptive U.S. Factor ETF 12.3 27 34 9.5 +2.8
JHMI John Hancock Multifactor Industrials ETF 12.3 40 21 5.7 -1.0
ROUS Hartford Multifactor US Equity ETF 12.3 19 42 6.5 -0.2
AVUV Avantis U.S. Small Cap Value ETF 12.2 25 36 8.5 +1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.2 18 43 6.3 -0.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.1 80 -19 5.9 -0.8

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 11.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.