First Trust Mid Cap Growth AlphaDEX Fund
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
1.4%


  • 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) $225
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) $5,093
Large cap (>$10bn) 8.7%
Mid cap ($2-10bn) 85.6%
Small cap (<$2bn) 5.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TELADOC INC 1.8 %
DOCUSIGN, INC. 1.2 %
ENPHASE ENERGY INC 1.2 %
FIVE9 INC 1.1 %
AMEDISYS INC 1.1 %
FTI CONSULTING INC 1.0 %
LHC GROUP INC 1.0 %
COGENT COMMUNICATIONS HOLDINGS INC 1.0 %
ACADIA PHARMACEUTICALS INC 0.9 %
AXON ENTERPRISE INC 0.9 %
Total 11.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
BERMUDA 2.3 %
BRITAIN 1.2 %
IRELAND 0.8 %
SWITZERLAND 0.7 %






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.
-22.8% -14.2% 3.8% -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 85%
MSCI EAFE 1.05 62%
MSCI Emg. Mkts. 0.77 50%

Technical Indicators
Recent close $34.94
30d moving avg. $40.25
Annualized volatility 19.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 120
Turnover 1.9%
Bid/Ask (% of price) 1.21%
ADV underlying (mns) $17,651

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™: 4.5%


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 46.5 61 9 10.1 +5.6
VBK Vanguard Small-Cap Growth Index Fund 39.7 7 63 3.9 -0.6
JKK iShares Morningstar Small-Cap Growth ETF 36.5 30 40 2.3 -2.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 35.7 15 55 6.7 +2.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 35.7 15 55 6.7 +2.2
IJK iShares S&P Mid-Cap 400 Growth ETF 35.7 24 46 6.7 +2.1
SFYX Sofi Next 500 ETF 30.6 0 70 8.2 +3.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.5 66 4 4.2 -0.3
VB Vanguard Small-Cap ETF 29.3 5 65 8.1 +3.6
MDY SPDR S&P Midcap 400 ETF Trust 28.6 23 47 8.9 +4.4
SPMD SPDR Portfolio Mid Cap ETF 28.5 5 65 9.1 +4.6
IJH iShares Core S&P Mid-Cap ETF 28.4 6 64 9.1 +4.6
IVOO Vanguard S&P Mid-Cap 400 ETF 28.4 10 60 9.0 +4.5
RNMC Mid Cap US Equity Select ETF 28.0 60 10 10.0 +5.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 27.8 35 35 6.0 +1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 27.7 6 64 8.0 +3.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.4 20 50 10.3 +5.8
FSMD Fidelity Small-Mid Factor ETF 27.3 29 41 9.9 +5.4
JHSC John Hancock Multifactor Small Cap ETF 27.2 50 20 8.6 +4.1
SCHM Schwab U.S. Mid-Cap ETF 26.8 4 66 9.0 +4.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 26.0 17 53 7.3 +2.7
IWO iShares Russell 2000 Growth ETF 25.6 24 46 1.6 -2.9
VTWG Vanguard Russell 2000 Growth Index Fund 25.5 15 55 1.8 -2.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 24.8 40 30 9.7 +5.2
SMDY Syntax Stratified MidCap ETF 24.7 30 40 9.1 +4.6
NUSC Nuveen ESG Small-Cap ETF 24.6 40 30 7.6 +3.1
SCHA Schwab U.S. Small-Cap ETF 23.2 4 66 7.5 +3.0
VXF Vanguard Extended Market Index Fund 23.0 7 63 5.9 +1.4
EZM WisdomTree U.S. MidCap Earnings Fund 22.0 38 32 13.8 +9.3
AFMC First Trust Active Factor Mid Cap ETF 21.9 65 5 9.7 +5.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 19.1 39 31 8.7 +4.2
IUSS Invesco Strategic US Small Company ETF 18.4 23 47 9.0 +4.5
IWM iShares Russell 2000 ETF 18.2 19 51 5.7 +1.1
VTWO Vanguard Russell 2000 Index Fund 18.2 10 60 5.8 +1.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 17.8 35 35 7.9 +3.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.6 24 46 11.1 +6.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.2 29 41 8.5 +4.0
SMMD iShares Russell 2500 ETF 17.0 15 55 8.1 +3.6
JHMM John Hancock Multifactor Mid Cap ETF 16.7 44 26 8.3 +3.8
JKH iShares Morningstar Mid-Cap Growth ETF 16.5 30 40 3.6 -0.9
XMMO Invesco S&P MidCap Momentum ETF 16.1 39 31 5.2 +0.7
EQWM Invesco S&P MidCap Quality ETF 16.0 25 45 6.8 +2.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 15.8 25 45 9.6 +5.1
XSW SPDR S&P Software & Services ETF 15.6 35 35 5.3 +0.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.5 35 35 9.1 +4.6
IWP iShares Russell Mid-Cap Growth ETF 15.4 24 46 6.0 +1.5
VFMO Vanguard U.S. Momentum Factor ETF 15.2 13 57 4.7 +0.2
DON WisdomTree U.S. MidCap Dividend Fund 14.8 38 32 11.0 +6.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.4 20 50 7.8 +3.3
TPLC Timothy Plan US Large Cap Core ETF 14.2 52 18 7.3 +2.8
VBR Vanguard Small Cap Value Index Fund 13.9 7 63 12.0 +7.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 13.9 20 50 9.7 +5.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.6 39 31 6.4 +1.9
FXL First Trust Technology AlphaDEX Fund 13.4 61 9 5.5 +1.0
RWK Invesco S&P MidCap 400 Revenue ETF 13.2 39 31 11.7 +7.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.2 30 40 10.7 +6.2
AFSM First Trust Active Factor Small Cap ETF 12.9 75 -5 10.6 +6.1
USMF WisdomTree U.S. Multifactor Fund 12.9 28 42 8.1 +3.6
JKJ iShares Morningstar Small-Cap ETF 12.8 25 45 9.0 +4.5
BOSS Global X Founder-Run Companies ETF 12.6 45 25 4.8 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 12.5 29 41 9.2 +4.7
TUSA First Trust Total US Market AlphaDEX ETF 12.5 70 0 9.4 +4.9
BFOR Barron's 400 ETF 12.0 66 4 9.1 +4.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 11.5 35 35 7.6 +3.1
PDP Invesco DWA Momentum ETF 11.4 62 8 4.4 -0.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 11.4 68 2 1.0 -3.5
EQAL Invesco Russell 1000 Equal Weight ETF 11.3 20 50 7.6 +3.1
ISMD Inspire Small/Mid Cap Impact ETF 11.1 61 9 7.6 +3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 10.9 20 50 9.4 +4.9
VFLQ Vanguard U.S. Liquidity Factor ETF 10.9 13 57 5.5 +1.0
QGRO American Century STOXX U.S. Quality Growth ETF 10.8 29 41 4.5 +0.0
IWR iShares Russell Midcap ETF 10.8 19 51 8.0 +3.5
PLCY EventShares U.S. Legislative Opportunities ETF 10.7 75 -5 5.6 +1.1
BTEC Principal Healthcare Innovators Index ETF 10.5 42 28 -5.2 -9.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 10.4 24 46 8.3 +3.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 10.4 49 21 5.1 +0.6
JMOM JPMorgan U.S. Momentum Factor ETF 10.1 12 58 5.2 +0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 9.9 17 53 8.9 +4.4
FXH First Trust Health Care AlphaDEX Fund 9.8 62 8 6.6 +2.1
IGV iShares North American Tech-Software ETF 9.8 46 24 3.5 -1.0
XMLV Invesco S&P MidCap Low Volatility ETF 9.7 25 45 8.1 +3.6
CFA Victory CEMP US 500 Volatility Weighted Index ETF 9.7 35 35 8.1 +3.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 9.6 29 41 0.0 -4.5
IBB iShares NASDAQ Biotechnology ETF 9.6 47 23 0.8 -3.7
PVAL Principal Contrarian Value Index ETF 9.3 29 41 10.6 +6.1
PSC Principal U.S. Small Cap Index ETF 9.3 38 32 11.1 +6.5
MDYV SPDR S&P 400 Mid Cap Value ETF 9.1 15 55 12.1 +7.5
IJJ iShares S&P Mid-Cap 400 Value ETF 9.1 25 45 12.0 +7.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.0 15 55 12.2 +7.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 9.0 20 50 9.5 +5.0
HELX Franklin Genomic Advancements ETF 8.9 50 20 -2.3 -6.8
JHMI John Hancock Multifactor Industrials ETF 8.7 40 30 8.5 +4.0
MFMS Motley Fool Small-Cap Growth ETF 8.7 85 -15 -2.2 -6.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 8.7 16 54 7.5 +3.0
IJT iShares S&P Small-Cap 600 Growth ETF 8.7 25 45 7.4 +2.9
SLYG SPDR S&P 600 Small Cap Growth ETF 8.7 15 55 7.5 +3.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.6 48 22 8.8 +4.3
AIEQ AI Powered Equity ETF 8.4 87 -17 5.1 +0.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 8.3 64 6 13.2 +8.7
WCLD WisdomTree Cloud Computing Fund 8.3 45 25 3.5 -1.1

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.