First Trust Mid Cap Growth AlphaDEX Fund
ALTAR
Score™
2.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
51.7x P/Sales
ratio
3.1x
P/BV
ratio
5.7x Div.
yield
0.5%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $349
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) $7,592
Large cap (>$10bn) 19.5%
Mid cap ($2-10bn) 79.2%
Small cap (<$2bn) 1.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BOSTON BEER COMPANY INC-CL A 1.0 %
WAYFAIR INC- CLASS A 1.0 %
MEDPACE HOLDINGS, INC. 0.9 %
GENERAC HOLDINGS INC 0.9 %
CARVANA CO. CLASS A 0.9 %
QUIDEL CORP 0.9 %
PINTEREST, INC. CLASS A 0.9 %
ENPHASE ENERGY INC 0.9 %
CHEGG INC 0.9 %
CRISPR THERAPEUTICS AG 0.8 %
Total 9.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BERMUDA 1.4 %
IRELAND 1.4 %
SWITZERLAND 0.9 %
BRITAIN 0.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.0% 10.4% 10.6% -- 10.4%

Market Correlations
versus... Beta R-squared
S&P500 1.22 86%
MSCI EAFE 1.18 68%
MSCI Emg. Mkts. 0.81 53%

Technical Indicators
Recent close $52.87
30d moving avg. $49.62
Annualized volatility 22.5%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 64
Turnover 1.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $20,904

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNY Expense: 70 bp ALTAR Score™: 2.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNY
Ticker Fund
Name
Overlap1
vs FNY
(%)
Expense
ratio
(bp)
Savings
vs FNY
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNY
(%)
FNX First Trust Mid Cap Core AlphaDEX Fund 47.1 61 9 6.4 +4.4
VBK Vanguard Small-Cap Growth Index Fund 43.4 7 63 2.2 +0.2
JKK iShares Morningstar Small-Cap Growth ETF 39.8 30 40 1.0 -0.9
SFYX Sofi Next 500 ETF 39.8 0 70 5.7 +3.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 37.5 7 63 5.3 +3.3
IJK iShares S&P Mid-Cap 400 Growth ETF 34.3 24 46 4.7 +2.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 34.3 15 55 4.8 +2.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 34.2 15 55 4.7 +2.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 30.3 66 4 2.2 +0.2
FSMD Fidelity Small-Mid Factor ETF 29.9 29 41 6.7 +4.7
VB Vanguard Small-Cap ETF 29.9 5 65 5.2 +3.2
JHSC John Hancock Multifactor Small Cap ETF 29.3 42 28 5.6 +3.6
MDY SPDR S&P Midcap 400 ETF Trust 29.2 23 47 6.2 +4.2
SPMD SPDR Portfolio Mid Cap ETF 29.1 5 65 6.3 +4.4
IJH iShares Core S&P Mid-Cap ETF 29.1 6 64 6.3 +4.3
IVOO Vanguard S&P Mid-Cap 400 ETF 28.9 10 60 6.2 +4.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 28.4 35 35 3.9 +1.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.1 17 53 4.9 +2.9
SCHM Schwab U.S. Mid-Cap ETF 27.9 4 66 6.0 +4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 27.8 6 64 5.0 +3.1
BKSE BNY Mellon US Small Cap Core Equity ETF 26.7 4 66 5.8 +3.9
SCHA Schwab U.S. Small-Cap ETF 26.2 4 66 4.4 +2.4
NUSC Nuveen ESG Small-Cap ETF 24.8 40 30 4.9 +2.9
AFMC First Trust Active Factor Mid Cap ETF 24.7 65 5 5.9 +4.0
SMDY Syntax Stratified MidCap ETF 24.2 30 40 6.1 +4.1
IWP iShares Russell Mid-Cap Growth ETF 23.0 24 46 2.8 +0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 22.8 40 30 6.8 +4.9
VXF Vanguard Extended Market Index Fund 22.3 7 63 3.5 +1.5
EZM WisdomTree U.S. MidCap Earnings Fund 21.9 38 32 8.8 +6.8
SMMD iShares Russell 2500 ETF 21.2 15 55 5.6 +3.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 20.6 30 40 5.4 +3.4
RNMC Mid Cap US Equity Select ETF 19.7 60 10 7.3 +5.3
JKH iShares Morningstar Mid-Cap Growth ETF 18.9 30 40 2.1 +0.2
IWO iShares Russell 2000 Growth ETF 18.9 24 46 -0.1 -2.0
VTWG Vanguard Russell 2000 Growth Index Fund 18.5 15 55 -0.0 -2.0
XSW SPDR S&P Software & Services ETF 18.4 35 35 3.8 +1.8
AFSM First Trust Active Factor Small Cap ETF 18.1 75 -5 5.3 +3.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.9 24 46 6.6 +4.6
XMMO Invesco S&P MidCap Momentum ETF 17.8 39 31 4.4 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 17.1 42 28 5.5 +3.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 16.3 20 50 9.2 +7.3
IUSS Invesco Strategic US Small Company ETF 16.2 23 47 5.2 +3.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.9 39 31 4.0 +2.1
VFMO Vanguard U.S. Momentum Factor ETF 15.8 13 57 0.1 -1.8
FXH First Trust Health Care AlphaDEX Fund 15.4 62 8 3.8 +1.9
BOSS Global X Founder-Run Companies ETF 15.4 45 25 3.5 +1.5
FXL First Trust Technology AlphaDEX Fund 15.1 61 9 3.2 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 14.6 24 46 6.0 +4.0
PDP Invesco DWA Momentum ETF 14.5 62 8 2.3 +0.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 14.2 75 -5 1.2 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.1 30 40 7.2 +5.3
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 14.1 48 22 5.5 +3.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 14.1 25 45 6.2 +4.3
USMF WisdomTree U.S. Multifactor Fund 14.0 28 42 5.3 +3.3
EQAL Invesco Russell 1000 Equal Weight ETF 13.9 20 50 5.4 +3.5
XITK SPDR FactSet Innovative Technology ETF 13.8 45 25 0.3 -1.7
IWR iShares Russell Midcap ETF 13.6 19 51 5.5 +3.5
TUSA First Trust Total US Market AlphaDEX ETF 13.2 70 0 5.7 +3.8
RWK Invesco S&P MidCap 400 Revenue ETF 13.1 39 31 7.7 +5.7
DON WisdomTree U.S. MidCap Dividend Fund 12.9 38 32 7.4 +5.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 12.9 29 41 6.7 +4.8
IWM iShares Russell 2000 ETF 12.8 19 51 3.5 +1.5
VTWO Vanguard Russell 2000 Index Fund 12.4 10 60 3.6 +1.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.3 20 50 4.6 +2.6
ONEO SPDR Russell 1000 Momentum Focus ETF 12.3 20 50 6.2 +4.3
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.2 80 -10 5.1 +3.1
BFOR Barron's 400 ETF 12.2 65 5 6.1 +4.1
VBR Vanguard Small Cap Value Index Fund 12.1 7 63 8.1 +6.1
JMOM JPMorgan U.S. Momentum Factor ETF 12.1 12 58 3.5 +1.6
SKYY First Trust Cloud Computing ETF 11.8 60 10 2.1 +0.2
IBB iShares NASDAQ Biotechnology ETF 11.5 47 23 0.3 -1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.3 35 35 5.6 +3.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.1 29 41 4.7 +2.8
IGV iShares North American Tech-Software ETF 11.1 46 24 2.4 +0.4
ETHO Etho Climate Leadership U.S. ETF 11.0 47 23 4.2 +2.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 10.9 49 21 2.0 +0.0
FXD First Trust Consumer Discretionary AlphaDEX Fund 10.8 64 6 5.8 +3.8
QGRO American Century STOXX U.S. Quality Growth ETF 10.8 29 41 3.0 +1.1
OGIG O'Shares Global Internet Giants ETF 10.8 48 22 0.6 -1.3
WCLD WisdomTree Cloud Computing Fund 10.7 45 25 1.7 -0.3
VFLQ Vanguard U.S. Liquidity Factor ETF 10.4 14 56 4.5 +2.5
BTEC Principal Healthcare Innovators Index ETF 10.4 42 28 -2.5 -4.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 10.3 20 50 4.9 +2.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 10.3 4 66 5.4 +3.4
FPX First Trust US IPO Index Fund 9.9 58 12 2.4 +0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 9.8 17 53 6.2 +4.2
EQWM Invesco S&P MidCap Quality ETF 9.8 25 45 6.1 +4.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 9.7 18 52 3.1 +1.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.7 35 35 5.8 +3.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 9.6 30 40 5.5 +3.5
JKJ iShares Morningstar Small-Cap ETF 9.6 25 45 6.4 +4.4
HTEC ROBO Global Healthcare Technology & Innovation ETF 9.5 68 2 0.1 -1.8
PLCY EventShares U.S. Legislative Opportunities ETF 9.2 75 -5 3.4 +1.4
PTF Invesco DWA Technology Momentum ETF 9.1 60 10 0.1 -1.9
JHMH John Hancock Multifactor Healthcare ETF 9.1 40 30 5.9 +3.9
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.0 99 -29 1.5 -0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 9.0 30 40 4.6 +2.6
VFQY Vanguard U.S. Quality Factor ETF 8.9 13 57 5.8 +3.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 8.8 20 50 6.8 +4.8
HELX Franklin Genomic Advancements ETF 8.8 50 20 -1.3 -3.3

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 2.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.