First Trust Asia Pacific ex-Japan AlphaDEX Fund
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.7x P/Sales
ratio
0.8x
P/BV
ratio
0.9x Div.
yield
2.8%


  • 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) $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) $13,455
Large cap (>$10bn) 38.7%
Mid cap ($2-10bn) 59.8%
Small cap (<$2bn) 1.5%
Developed mkts 55.9%
Emerging mkts 44.1%

TOP TEN HOLDINGS
SANTOS LTD 2.5 %
DAUM COMMUNICATIONS CORP 2.4 %
FORTESCUE METALS GROUP LTD 2.2 %
SAMSUNG SDI CO LTD 2.1 %
DOMINO'S PIZZA ENTERPRISES L 1.9 %
KIA MOTORS CORPORATION 1.9 %
SAMSUNG BIOLOGICS CO., LTD. 1.9 %
SHIMAO PROPERTY HOLDINGS LTD 1.7 %
A2 MILK COMPANY LTD. 1.7 %
HYUNDAI MOBIS 1.7 %
Total 20.0 %

TOP COUNTRY EXPOSURE
SOUTH KOREA 41.6 %
AUSTRALIA 24.0 %
HONG KONG 19.9 %
SINGAPORE 5.1 %
NEW ZEALAND 4.7 %
CHINA 1.7 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.8% -16.0% -3.8% -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.01 73%
MSCI EAFE 1.15 82%
MSCI Emg. Mkts. 0.97 89%

Technical Indicators
Recent close $24.37
30d moving avg. $22.43
Annualized volatility 20.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 1.98%
ADV underlying (mns) $5,343

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.1%


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 29.1 80 0 8.9 +0.8
SCIX Global X Scientific Beta Asia ex-Japan ETF 27.3 38 42 6.6 -1.5
EWY iShares MSCI South Korea ETF 27.0 59 21 9.1 +0.9
FLKR Franklin FTSE South Korea ETF 26.3 9 71 9.7 +1.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 19.3 19 61 7.0 -1.2
FHK First Trust Hong Kong AlphaDEX Fund 18.8 80 0 10.5 +2.4
EPP iShares MSCI Pacific ex-Japan ETF 18.7 48 32 6.8 -1.4
FDT First Trust Developed Markets ex-US Alphadex Fund 17.4 80 0 7.8 -0.4
BICK First Trust BICK Index Fund 17.3 64 16 4.4 -3.7
FAUS First Trust Australia AlphaDEX Fund 16.6 80 0 7.3 -0.9
FLAU Franklin FTSE Australia ETF 15.3 9 71 6.5 -1.7
EWA iShares MSCI Australia ETF 13.6 50 30 6.1 -2.0
JPIN JPMorgan Diversified Return International Equity ETF 12.7 38 42 8.0 -0.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 11.9 48 32 10.0 +1.9
JPGE JPMorgan Diversified Return Global Equity ETF 11.3 29 51 7.3 -0.8
VPL Vanguard FTSE Pacific ETF 11.0 8 72 7.8 -0.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 10.4 83 -3 7.1 -1.0
ZHOK SPDR Solactive Hong Kong ETF 10.1 14 66 7.6 -0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.9 45 35 13.5 +5.4
VIDI Vident International Equity Fund 9.8 59 21 11.3 +3.2
DOGS Arrow Dogs of the World ETF 9.7 134 -54 11.5 +3.4
TPIF Timothy Plan International ETF 9.2 62 18 7.0 -1.1
FLHK Franklin FTSE Hong Kong ETF 9.2 9 71 9.0 +0.9
AIA iShares Asia 50 ETF 9.0 50 30 8.9 +0.8
INTF iShares Edge MSCI Multifactor Intl ETF 9.0 30 50 8.3 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.0 49 31 8.3 +0.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.6 29 51 12.2 +4.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.5 68 12 8.0 -0.2
IVAL Alpha Architect International Quantitative Value ETF 8.4 59 21 10.2 +2.1
FLAX Franklin FTSE Asia Ex Japan ETF 8.3 19 61 8.5 +0.3
FRDM Freedom 100 Emerging Markets ETF 8.2 49 31 7.2 -0.9
EMXC iShares MSCI Emerging Markets ex China ETF 7.8 49 31 8.4 +0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.8 49 31 9.0 +0.9
DRW WisdomTree Global ex-US Real Estate Fund 7.7 58 22 10.6 +2.5
DWMF WisdomTree International Multifactor Fund 7.6 38 42 6.8 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 7.6 50 30 8.4 +0.3
WPS iShares International Developed Property ETF 7.4 48 32 7.8 -0.4
EWH iShares MSCI Hong Kong ETF 7.4 49 31 7.7 -0.5
IPAC iShares Core MSCI Pacific ETF 7.3 9 71 7.5 -0.6
IFGL iShares International Developed Real Estate ETF 7.2 48 32 7.6 -0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.2 24 56 7.2 -0.9
CIL VictoryShares International Volatility Weighted Index ETF 7.2 45 35 6.7 -1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.1 29 51 8.6 +0.5
VNQI Vanguard Global ex-US Real Estate Index Fund 6.9 12 68 9.9 +1.8
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 6.9 30 50 7.4 -0.8
RNDM Developed International Equity Select ETF 6.8 65 15 6.4 -1.8
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 6.6 10 70 9.1 +0.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 6.6 30 50 8.8 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 6.6 55 25 8.8 +0.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.5 45 35 10.0 +1.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 6.5 45 35 9.8 +1.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 6.4 45 35 7.2 -0.9
EWS iShares MSCI Singapore ETF 6.3 50 30 8.6 +0.5
IMOM Alpha Architect International Quantitative Momentum ETF 6.2 59 21 4.2 -3.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 6.1 35 45 8.6 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 6.1 20 60 7.5 -0.6
KMED KraneShares Emerging Markets Healthcare Index ETF 6.0 79 1 2.4 -5.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.9 32 48 6.8 -1.4
RWX SPDR Dow Jones International Real Estate ETF 5.9 59 21 6.8 -1.4
IDHQ Invesco S&P International Developed High Quality ETF 5.8 29 51 5.4 -2.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.7 45 35 8.7 +0.6
PICK iShares MSCI Global Metals & Mining Producers ETF 5.7 39 41 7.5 -0.6
PIZ Invesco DWA Developed Markets Momentum ETF 5.6 80 0 4.3 -3.8
XCEM Columbia EM Core ex-China ETF 5.6 16 64 7.8 -0.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.6 45 35 9.7 +1.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.5 65 15 8.4 +0.3
EEM iShares MSCI Emerging Markets ETF 5.5 68 12 8.3 +0.1
DVEM WisdomTree Emerging Markets Dividend Fund 5.5 32 48 9.1 +0.9
DWCR Arrow DWA Country Rotation ETF 5.5 95 -15 17.6 +9.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 5.4 7 73 7.6 -0.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.3 65 15 11.7 +3.6
ROAM Hartford Multifactor Emerging Markets ETF 5.3 44 36 14.8 +6.7
FNDF Schwab Fundamental International Large Co. Index ETF 5.2 25 55 8.7 +0.5
ISDX Invesco Strategic Developed ex-US ETF 5.2 23 57 7.4 -0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 5.2 30 50 7.1 -1.0
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 5.2 64 16 5.3 -2.8
SCHF Schwab International Equity ETF 5.1 6 74 7.4 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 5.1 14 66 8.7 +0.6
DNL WisdomTree Global ex-US Dividend Growth Fund 5.0 58 22 8.0 -0.2
DIM WisdomTree International MidCap Dividend Fund 4.9 58 22 7.6 -0.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 4.9 80 0 1.7 -6.4
NUEM Nuveen ESG Emerging Markets Equity ETF 4.9 45 35 7.8 -0.3
ESGN Columbia Sustainable International Equity Income ETF 4.8 45 35 11.1 +3.0
GCOW Pacer Global High Dividend ETF 4.8 60 20 10.6 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 4.7 83 -3 6.3 -1.8
DWX SPDR S&P International Dividend ETF 4.6 45 35 7.7 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 4.6 50 30 11.0 +2.8
ESGE iShares ESG MSCI EM ETF 4.6 25 55 9.7 +1.6
SDG iShares Sustainable MSCI Global Impact ETF 4.6 49 31 6.1 -2.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.6 32 48 7.9 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.6 45 35 8.8 +0.7
VEA Vanguard FTSE Developed Markets ETF 4.6 5 75 7.4 -0.7
BLOK Amplify Transformational Data Sharing ETF 4.6 70 10 5.0 -3.1
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 4.5 60 20 7.1 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 4.5 45 35 7.5 -0.7
EKAR Innovation Shares NextGen Vehicles & Technology ETF 4.5 65 15 8.5 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 4.4 25 55 6.9 -1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 4.3 29 51 8.1 -0.1
FDNI First Trust Dow Jones International Internet ETF 4.3 65 15 2.8 -5.3
IDMO Invesco S&P International Developed Momentum ETF 4.3 25 55 4.7 -3.5

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:

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 7.4 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.45
 
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.