First Trust Asia Pacific ex-Japan AlphaDEX Fund
ALTAR
Score™
7.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.7x P/Sales
ratio
0.9x
P/BV
ratio
0.9x Div.
yield
2.5%


  • 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 18, 2011
Assets (mns) $15
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) $16,888
Large cap (>$10bn) 40.9%
Mid cap ($2-10bn) 56.6%
Small cap (<$2bn) 1.5%
Developed mkts 53.4%
Emerging mkts 46.6%

TOP TEN HOLDINGS
DAUM COMMUNICATIONS CORP 3.1 %
SEEGENE INC 3.0 %
FORTESCUE METALS GROUP LTD 2.3 %
DOMINO'S PIZZA ENTERPRISES L 2.3 %
SAMSUNG SDI CO LTD 2.3 %
KIA MOTORS CORPORATION 2.3 %
SANTOS LTD 2.1 %
CJ CHEILJEDANG CORP 1.9 %
SAMSUNG BIOLOGICS CO., LTD. 1.8 %
NHN CORP 1.8 %
Total 22.9 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 44.4 %
AUSTRALIA 23.9 %
HONG KONG 18.9 %
NEW ZEALAND 4.5 %
SINGAPORE 4.1 %
CHINA 1.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.2% 4.5% 2.6% -- 1.3%

Market Correlations
versus... Beta R-squared
S&P500 1.02 73%
MSCI EAFE 1.18 82%
MSCI Emg. Mkts. 0.97 88%

Technical Indicators
Recent close $26.61
30d moving avg. $26.91
Annualized volatility 20.9%
Short interest (ETF) 0.5%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 1.81%
ADV underlying (mns) $3,167

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Asia Pacific ex-Japan AlphaDEX Fund 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™: 7.6%


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 AlphadDEX Fund 36.6 80 0 10.1 +2.5
EWY iShares MSCI South Korea ETF 28.5 59 21 8.5 +0.9
FLKR Franklin FTSE South Korea ETF 28.2 9 71 8.9 +1.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 23.5 38 42 6.8 -0.8
FAUS First Trust Australia AlphaDEX Fund 20.3 80 0 6.0 -1.6
EPP iShares MSCI Pacific ex-Japan ETF 19.8 48 32 6.6 -1.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 19.4 19 61 6.9 -0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 18.8 80 0 7.3 -0.3
FHK First Trust Hong Kong AlphaDEX Fund 17.8 80 0 9.0 +1.4
FLAU Franklin FTSE Australia ETF 15.7 9 71 6.7 -0.9
EWA iShares MSCI Australia ETF 15.5 50 30 6.2 -1.4
BICK First Trust BICK Index Fund 14.2 64 16 4.6 -2.9
JPIN JPMorgan Diversified Return International Equity ETF 13.0 37 43 7.8 +0.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.5 45 35 14.7 +7.2
VPL Vanguard FTSE Pacific ETF 11.1 8 72 7.4 -0.2
AIA iShares Asia 50 ETF 10.9 50 30 8.2 +0.6
VIDI Vident International Equity Fund 10.7 59 21 11.3 +3.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.9 49 31 7.9 +0.3
FRDM Freedom 100 Emerging Markets ETF 9.7 49 31 6.9 -0.7
XCEM Columbia EM Core ex-China ETF 9.6 16 64 7.4 -0.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 9.3 59 21 12.7 +5.1
TPIF Timothy Plan International ETF 9.3 62 18 6.2 -1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 9.2 49 31 8.1 +0.5
ZHOK SPDR Solactive Hong Kong ETF 9.1 14 66 6.9 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 9.0 29 51 6.5 -1.0
FLHK Franklin FTSE Hong Kong ETF 8.9 9 71 8.2 +0.6
DVYA iShares Asia/Pacific Dividend ETF 8.9 49 31 13.5 +5.9
EMXC iShares MSCI Emerging Markets ex China ETF 8.7 25 55 8.3 +0.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.5 29 51 11.4 +3.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.4 68 12 7.2 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 8.1 19 61 7.9 +0.3
IVAL Alpha Architect International Quantitative Value ETF 8.1 59 21 10.2 +2.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 8.1 30 50 8.6 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.0 29 51 7.6 +0.0
EEMA iShares MSCI Emerging Markets Asia ETF 8.0 50 30 7.8 +0.2
INTF iShares Edge MSCI Multifactor Intl ETF 7.8 30 50 7.7 +0.2
RNDM Developed International Equity Select ETF 7.7 65 15 6.3 -1.3
IPAC iShares Core MSCI Pacific ETF 7.4 9 71 7.0 -0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.4 24 56 6.9 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 7.1 83 -3 5.4 -2.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 7.1 45 35 7.7 +0.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 7.0 45 35 7.0 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 7.0 45 35 6.6 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 6.9 45 35 6.6 -1.0
PIZ Invesco DWA Developed Markets Momentum ETF 6.8 81 -1 4.5 -3.1
GCOW Pacer Global High Dividend ETF 6.8 60 20 10.6 +3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.8 30 50 7.9 +0.4
WPS iShares International Developed Property ETF 6.7 48 32 7.7 +0.2
DWMF WisdomTree International Multifactor Fund 6.7 38 42 6.2 -1.4
KMED KraneShares Emerging Markets Healthcare Index ETF 6.6 79 1 2.4 -5.2
JHEM John Hancock Multifactor Emerging Markets ETF 6.6 49 31 8.8 +1.2
IFGL iShares International Developed Real Estate ETF 6.6 48 32 7.6 +0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 6.5 20 60 7.4 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.5 65 15 10.9 +3.4
VNQI Vanguard Global ex-US Real Estate Index Fund 6.4 12 68 10.2 +2.6
EWH iShares MSCI Hong Kong ETF 6.3 49 31 7.0 -0.6
DRW WisdomTree Global ex-US Real Estate Fund 6.2 58 22 10.9 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 6.2 11 69 8.6 +1.0
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 6.1 10 70 9.1 +1.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.0 45 35 9.2 +1.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.0 60 20 4.5 -3.1
EFAS Global X MSCI SuperDividend EAFE ETF 6.0 56 24 9.8 +2.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 5.9 35 45 8.5 +1.0
IDV iShares International Select Dividend ETF 5.9 49 31 10.6 +3.0
EKAR Innovation Shares NextGen Vehicles & Technology ETF 5.9 95 -15 7.1 -0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 5.9 7 73 7.4 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 65 15 7.6 +0.0
EEM iShares MSCI Emerging Markets ETF 5.8 68 12 7.6 +0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.7 32 48 6.0 -1.6
DVEM WisdomTree Emerging Markets Dividend Fund 5.7 32 48 7.4 -0.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.7 45 35 10.1 +2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 5.7 39 41 7.1 -0.5
QINT American Century Quality Diversified International ETF 5.7 39 41 6.0 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 5.7 25 55 8.8 +1.2
BLOK Amplify Transformational Data Sharing ETF 5.5 70 10 4.4 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 5.5 48 32 9.7 +2.1
SCHF Schwab International Equity ETF 5.5 6 74 7.3 -0.3
RWX SPDR Dow Jones International Real Estate ETF 5.5 59 21 6.7 -0.9
EWS iShares MSCI Singapore ETF 5.4 50 30 8.7 +1.2
IDRV iShares Self-driving EV & Tech ETF 5.4 47 33 6.8 -0.8
IEMG iShares Core MSCI Emerging Markets ETF 5.3 13 67 8.1 +0.5
IDHQ Invesco S&P International Developed Quality ETF 5.2 29 51 5.0 -2.6
ISDX Invesco Strategic Developed ex-US ETF 5.2 23 57 7.4 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 58 22 7.8 +0.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.1 36 44 7.7 +0.1
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 21 7.0 -0.6
IMOM Alpha Architect International Quantitative Momentum ETF 5.1 59 21 3.3 -4.3
ESGE iShares ESG MSCI EM ETF 5.1 25 55 8.8 +1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 5.1 45 35 8.9 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 5.1 80 0 6.5 -1.1
VEA Vanguard FTSE Developed Markets ETF 4.9 5 75 7.3 -0.2
SOCL Global X Social Media ETF 4.9 65 15 1.8 -5.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 4.7 30 50 5.9 -1.6
DIM WisdomTree International MidCap Dividend Fund 4.7 58 22 7.6 -0.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 4.7 86 -6 2.3 -5.3
FDNI First Trust Dow Jones International Internet ETF 4.6 65 15 2.2 -5.4
NUEM Nuveen ESG Emerging Markets Equity ETF 4.6 45 35 7.1 -0.5
ESGN Columbia Sustainable International Equity Income ETF 4.6 45 35 10.8 +3.3
ROAM Hartford Multifactor Emerging Markets ETF 4.6 44 36 13.4 +5.8

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 Asia Pacific ex-Japan 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 7.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.44
 
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.