First Trust Large Cap Value AlphaDEX Fund
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
3.0%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $621
Currency USD
Expense ratio 60 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 188
Wgt avg mkt cap (mns) $38,669
Large cap (>$10bn) 84.4%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MGM MIRAGE 1.2 %
PULTE HOMES INC 1.2 %
LENNAR CORP-CL A 1.1 %
ALLY FINANCIAL INC 1.1 %
WESTROCK CO. 1.1 %
SYNCHRONY FINANCIAL 1.0 %
GENERAL MOTORS CO 1.0 %
APTIV PLC 1.0 %
UNIVERSAL HEALTH SERVICES-B 1.0 %
TEXTRON INC 1.0 %
Total 10.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
IRELAND 2.3 %
BRITAIN 1.6 %
BERMUDA 0.5 %
SWITZERLAND 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.0% -7.4% 6.4% 8.7% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.27 89%
MSCI EAFE 1.37 84%
MSCI Emg. Mkts. 1.00 72%

Technical Indicators
Recent close $46.67
30d moving avg. $47.71
Annualized volatility 23.9%
Short interest (ETF) 0.4%
Short interest (Underlying) 5.2%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $13,386

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the First Trust Large Cap Value AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FTA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FTA Expense: 60 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTA
Ticker Fund
Name
Overlap1
vs FTA
(%)
Expense
ratio
(bp)
Savings
vs FTA
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTA
(%)
FEX First Trust Large Cap Core AlphaDEX Fund 51.8 60 0 6.0 -3.4
FAB First Trust Multi Cap Value AlphaDEX Fund 50.6 71 -11 10.1 +0.7
SPVM Invesco S&P 500 Value with Momentum ETF 40.5 39 21 9.0 -0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 38.0 35 25 9.1 -0.3
JKI iShares Morningstar Mid-Cap Value ETF 37.8 30 30 9.2 -0.2
SPVU Invesco S&P 500 Enhanced Value ETF 37.2 13 47 11.9 +2.5
RPV Invesco S&P 500 Pure Value ETF 35.4 35 25 11.2 +1.8
VLUE iShares Edge MSCI USA Value Factor ETF 35.4 15 45 11.7 +2.3
RSP Invesco S&P 500 Equal Weight ETF 34.8 20 40 6.7 -2.7
RNDV US Equity Dividend Select ETF 34.8 50 10 8.0 -1.4
VOOV Vanguard S&P 500 Value ETF 34.8 10 50 7.4 -2.0
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 34.7 35 25 9.1 -0.3
RNLC Large Cap US Equity Select ETF 34.7 60 0 6.2 -3.2
VFVA Vanguard U.S. Value Factor ETF 34.6 14 46 11.5 +2.1
IVE iShares S&P 500 Value ETF 34.6 18 42 7.3 -2.1
SPYV SPDR Portfolio S&P 500 Value ETF 34.4 4 56 7.4 -2.0
VTV Vanguard Value Index Fund 34.0 4 56 7.4 -2.0
RWL Invesco S&P 500 Revenue ETF 33.7 39 21 7.5 -1.9
VOE Vanguard Mid-Cap Value Index Fund 33.5 7 53 7.8 -1.6
VLU SPDR S&P 1500 Value Tilt ETF 33.4 12 48 7.6 -1.8
IUSV iShares Core S&P U.S. Value ETF 33.3 4 56 7.5 -1.9
JVAL JPMorgan U.S. Value Factor ETF 33.2 12 48 8.6 -0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.0 9 51 6.0 -3.4
SPHB Invesco S&P 500 High Beta ETF 33.0 25 35 9.0 -0.4
MAGA Point Bridge GOP Stock Tracker ETF 33.0 72 -12 6.6 -2.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 31.8 25 35 7.1 -2.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 31.1 20 40 7.6 -1.8
IWD iShares Russell 1000 Value ETF 30.8 19 41 7.0 -2.4
SCIU Global X Scientific Beta US ETF 30.7 19 41 5.8 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 30.7 39 21 7.2 -2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.6 17 43 6.5 -2.9
VONV Vanguard Russell 1000 Value Index Fund 30.5 8 52 7.1 -2.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 30.2 25 35 7.2 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 30.0 20 40 9.2 -0.2
USDY Pacific Global US Equity Income ETF 29.9 29 31 7.2 -2.2
EUSA iShares MSCI USA Equal Weighted ETF 29.9 15 45 6.2 -3.2
EPS WisdomTree U.S. Earnings 500 Fund 29.6 8 52 6.9 -2.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 29.5 35 25 5.8 -3.6
VALQ American Century STOXX U.S. Quality Value ETF 29.5 29 31 9.1 -0.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.5 29 31 7.7 -1.7
SIZE iShares Edge MSCI USA Size Factor ETF 29.2 15 45 6.2 -3.2
ESGS Columbia Sustainable U.S. Equity Income ETF 29.2 35 25 9.0 -0.4
MGV Vanguard Mega Cap Value ETF 29.1 7 53 7.3 -2.1
SCHV Schwab U.S. Large-Cap Value ETF 29.1 4 56 6.9 -2.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 29.1 35 25 5.8 -3.6
RAFE PIMCO RAFI ESG U.S. ETF 28.5 29 31 7.7 -1.7
DIVB iShares U.S. Dividend & Buyback ETF 28.5 25 35 7.1 -2.3
IUS Invesco Strategic US ETF 28.0 19 41 6.8 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 27.9 70 -10 6.0 -3.4
AUSF Global X Adaptive U.S. Factor ETF 27.8 27 33 9.5 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.7 15 45 6.7 -2.7
FVAL Fidelity Value Factor ETF 27.7 29 31 8.2 -1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 27.5 18 42 6.3 -3.1
IWS iShares Russell Mid-Cap Value ETF 27.4 24 36 7.2 -2.2
REVS Columbia Research Enhanced Value ETF 27.2 19 41 7.5 -1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 27.1 30 30 6.8 -2.6
JHML John Hancock Multifactor Large Cap ETF 26.6 29 31 5.7 -3.7
ROUS Hartford Multifactor US Equity ETF 26.2 19 41 6.5 -2.9
SPYD SPDR S&P 500 High Dividend ETF 26.1 7 53 11.5 +2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 25.9 20 40 7.1 -2.3
VYM Vanguard High Dividend Yield Index ETF 25.7 6 54 7.5 -1.9
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 25.7 29 31 9.6 +0.3
DVY iShares Select Dividend ETF 25.6 39 21 9.8 +0.4
IWX iShares Russell Top 200 Value ETF 25.5 20 40 6.8 -2.6
VUSE Vident Core US Equity Fund 25.4 48 12 9.2 -0.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 25.3 17 43 6.4 -3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 25.2 20 40 6.5 -2.9
JKF iShares Morningstar Large Cap Value ETF 25.0 25 35 7.7 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 24.9 28 32 6.8 -2.6
SPXT ProShares S&P 500 Ex-Technology ETF 24.9 27 33 5.5 -3.9
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 24.5 15 45 6.8 -2.6
DTD WisdomTree U.S.Total Dividend Fund 24.3 28 32 7.0 -2.4
JDIV JPMorgan U.S. Dividend ETF 24.3 12 48 8.0 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 24.3 29 31 7.0 -2.4
AFLG First Trust Active Factor Large Cap ETF 24.3 55 5 5.9 -3.5
QUS SPDR MSCI USA StrategicFactors ETF 24.0 15 45 6.0 -3.4
SPGP Invesco S&P 500 GARP ETF 23.7 34 26 7.1 -2.3
LRGF iShares Edge MSCI Multifactor USA ETF 23.3 20 40 7.6 -1.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 23.3 4 56 5.4 -4.0
AVUS Avantis U.S. Equity ETF 23.0 15 45 6.0 -3.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.8 9 51 5.9 -3.5
EQWL Invesco Russell Top 200 Equal Weight ETF 22.7 25 35 6.3 -3.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.7 38 22 8.0 -1.4
FXO First Trust Financials AlphaDEX Fund 22.6 63 -3 13.0 +3.6
RYF Invesco S&P 500 Equal Weight Financials ETF 22.6 40 20 9.9 +0.6
PY Principal Shareholder Yield Index ETF 22.6 15 45 9.8 +0.4
SYLD Cambria Shareholder Yield ETF 22.6 59 1 9.2 -0.2
KRMA Global X Conscious Companies ETF 22.2 43 17 5.6 -3.8
JHMF John Hancock Multifactor Financials ETF 22.2 40 20 7.8 -1.6
DGRO iShares Core Dividend Growth ETF 22.2 8 52 6.9 -2.5
CATH Global X S&P 500 Catholic Values Custom ETF 22.0 29 31 5.5 -3.9
PBP Invesco S&P 500 BuyWrite ETF 21.8 49 11 5.3 -4.1
RBUS Nationwide Risk-Based U.S. Equity ETF 21.7 30 30 4.7 -4.7
JMIN JPMorgan U.S. Minimum Volatility ETF 21.6 12 48 5.6 -3.8
FVD First Trust Value Line Dividend Index Fund 21.6 70 -10 6.4 -3.0
QSY WisdomTree U.S. LargeCap Value Fund 21.5 38 22 6.9 -2.5
QLC FlexShares US Quality Large Cap Index Fund 21.4 32 28 5.6 -3.8
XYLG Global X S&P 500 Covered Call & Growth ETF 21.4 60 0 5.3 -4.1

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 Large Cap Value AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.