First Trust Asia Pac Ex-Japan AlphaDEX
ALTAR
Score™
8.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.6x P/Sales
ratio
0.9x
P/BV
ratio
0.9x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Asia Pacific ex-Japan AlphaDEX Fund seeks investment results that correspond to the Defined Asia Pacific ex-Japan Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $26
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $16,017
Large cap (>$10bn) 40.4%
Mid cap ($2-10bn) 59.3%
Small cap (<$2bn) 0.3%
Developed mkts 65.6%
Emerging mkts 34.4%

TOP TEN HOLDINGS
BLUESCOPE STEEL LTD 2.0 %
QANTAS AIRWAYS LTD 1.9 %
BOSIDENG INTL HLDGS LTD 1.9 %
NAGACORP LTD 1.9 %
SINO BIOPHARMACEUTICAL 1.8 %
FORTESCUE METALS GROUP LTD 1.8 %
KERRY PROPERTIES LTD 1.8 %
LG CORP 1.7 %
ORICA LTD 1.7 %
WOOLWORTHS LIMITED 1.7 %
Total 18.1 %

TOP COUNTRY EXPOSURE
AUSTRALIA 32.3 %
SOUTH KOREA 30.2 %
HONG KONG 25.9 %
NEW ZEALAND 4.5 %
SINGAPORE 2.8 %
CAMBODIA 1.8 %
BERMUDA 1.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% 0.6% 2.2% -- 1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.88 48%
MSCI EAFE 1.11 65%
MSCI Emg. Mkts. 0.98 80%

Technical Indicators
Recent close $27.53
30d moving avg. $28.11
Annualized volatility 15.2%
Short interest (ETF) 0.5%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 16
Turnover 1.7%
Bid/Ask (% of price) 0.98%
ADV underlying (mns) $3,055

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Asia Pac Ex-Japan AlphaDEX ETF based on the alternatives' overlap in portfolio holdings with FPA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FPA Expense: 80 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FPA
Ticker Fund
Name
Overlap1
vs FPA
(%)
Expense
ratio
(bp)
Savings
vs FPA
(bp)
ALTAR
Score™
(%)
ALTAR
vs FPA
(%)
FKO First Trust South Korea AlphaDEX 26.7 80 0 11.5 +2.7
FHK First Trust Hong Kong 26.1 80 0 9.5 +0.7
SCIX Global X Scientific Beta Asia ex-Japan 25.8 38 42 6.1 -2.7
FLKR Franklin FTSE South Korea 22.0 9 71 10.7 +1.9
EWY iShares MSCI Korea 21.8 59 21 10.2 +1.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 20.8 19 61 6.5 -2.2
FAUS First Trust Australia 20.6 80 0 5.2 -3.6
EPP iShares MSCI Pacific ex-Japan 20.2 48 32 6.4 -2.4
FDT First Trust Developed Markets ex-US AlphaDEX 19.0 80 0 8.0 -0.7
FLAU Franklin FTSE Australia 18.1 9 71 6.0 -2.8
TAO Invesco China Real Estate 15.9 70 10 13.2 +4.4
EWA iShares MSCI Australia 15.8 47 33 5.7 -3.1
ZHOK SPDR Solactive Hong Kong 14.3 14 66 7.2 -1.5
FLHK Franklin FTSE Hong Kong 14.0 9 71 7.6 -1.1
AXJL WisdomTree Asia Pacific Ex-Japan 13.4 48 32 9.2 +0.5
EWH iShares MSCI Hong Kong 12.5 48 32 7.2 -1.5
BICK First Trust BICK Index Fund 11.8 64 16 5.6 -3.2
JPIN JPMorgan Diversified Rtn. Int'l Equity 11.5 38 42 7.4 -1.4
VPL Vanguard Pacific ETF 11.2 9 71 7.7 -1.1
JPGE JPM Diversified Return Global Equity 10.6 29 51 6.8 -2.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 Asia Pac Ex-Japan AlphaDEX
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.49
 
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.