First Trust Large Cap Value AlphaDEX Fund
ALTAR
Score™
7.2% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
14.1x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
2.6%


  • 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) $827
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) $54,449
Large cap (>$10bn) 99.5%
Mid cap ($2-10bn) 0.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CBS CORP-CLASS B NON VOTING 1.1 %
EXXON MOBIL CORP 1.1 %
GENERAL MOTORS CO 1.1 %
CENTURYTEL INC 1.0 %
MICRON TECHNOLOGY INC 1.0 %
METLIFE INC 1.0 %
FOX CORPORATION CLASS A 1.0 %
DR HORTON INC 1.0 %
LENNAR CORP-CL A 1.0 %
PNC FINANCIAL SERVICES GROUP 1.0 %
Total 10.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.7 %
BERMUDA 0.8 %
BRITAIN 0.4 %
SWITZERLAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
7.1% 25.7% 11.6% 9.6% 6.9%

Market Correlations
versus... Beta R-squared
S&P500 1.28 88%
MSCI EAFE 1.24 82%
MSCI Emg. Mkts. 1.06 75%

Technical Indicators
Recent close $58.85
30d moving avg. $58.14
Annualized volatility 25.1%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.5%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 63
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $60,577

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 95 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™: 7.2%


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 54.5 60 0 4.9 -2.2
FAB First Trust Multi Cap Value AlphaDEX Fund 48.8 71 -11 7.2 +0.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 45.6 35 25 7.5 +0.3
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 45.6 35 25 7.6 +0.4
SPVM Invesco S&P 500 Value with Momentum ETF 45.4 39 21 7.7 +0.5
RPV Invesco S&P 500 Pure Value ETF 44.8 35 25 9.1 +1.9
VOOV Vanguard S&P 500 Value ETF 42.7 10 50 6.2 -0.9
VTV Vanguard Value Index Fund 40.7 4 56 6.6 -0.6
VFVA Vanguard U.S. Value Factor ETF 39.1 14 46 8.2 +1.1
FUNL CornerCap Fundametrics Large-Cap ETF 38.8 50 10 7.2 0.0
RWL Invesco S&P 500 Revenue ETF 38.4 39 21 6.1 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 38.0 4 56 6.3 -0.9
IVE iShares S&P 500 Value ETF 38.0 18 42 6.1 -1.0
VONV Vanguard Russell 1000 Value Index Fund 37.9 8 52 6.1 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 37.8 17 43 6.1 -1.1
SPVU Invesco S&P 500 Enhanced Value ETF 37.8 13 47 8.9 +1.8
VOE Vanguard Mid-Cap Value Index Fund 37.7 7 53 6.3 -0.8
JKI iShares Morningstar Mid-Cap Value ETF 37.6 30 30 6.9 -0.2
RNLC Large Cap US Equity Select ETF 36.6 60 0 5.3 -1.9
MAGA Point Bridge GOP Stock Tracker ETF 36.6 72 -12 5.2 -1.9
IUSV iShares Core S&P U.S. Value ETF 36.4 4 56 6.3 -0.9
IWD iShares Russell 1000 Value ETF 35.8 19 41 5.9 -1.2
VLU SPDR S&P 1500 Value Tilt ETF 35.6 12 48 5.9 -1.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 35.4 65 -5 4.3 -2.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 35.3 25 35 5.6 -1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 35.2 9 51 5.1 -2.1
PRF Invesco FTSE RAFI US 1000 ETF 34.9 39 21 5.7 -1.5
RSP Invesco S&P 500 Equal Weight ETF 34.4 20 40 5.4 -1.8
SCHV Schwab U.S. Large-Cap Value ETF 34.3 4 56 6.1 -1.1
RNDV US Equity Dividend Select ETF 33.8 50 10 7.2 -0.0
MGV Vanguard Mega Cap Value ETF 33.7 7 53 6.6 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 33.4 25 35 5.5 -1.7
VLUE iShares MSCI USA Value Factor ETF 32.8 15 45 9.3 +2.2
ESGS Columbia Sustainable U.S. Equity Income ETF 32.3 35 25 7.5 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 32.3 35 25 5.2 -2.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 32.2 35 25 5.2 -2.0
JVAL JPMorgan U.S. Value Factor ETF 32.1 12 48 7.1 -0.1
VYM Vanguard High Dividend Yield Index ETF 31.3 6 54 6.8 -0.4
JHML John Hancock Multifactor Large Cap ETF 30.1 29 31 5.0 -2.2
DVY iShares Select Dividend ETF 30.0 39 21 7.6 +0.4
IWS iShares Russell Mid-Cap Value ETF 30.0 24 36 5.6 -1.6
EUSA iShares MSCI USA Equal Weighted ETF 29.8 15 45 5.1 -2.1
EPS WisdomTree U.S. Earnings 500 Fund 29.7 8 52 6.1 -1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 29.6 20 40 6.7 -0.5
SIZE iShares MSCI USA Size Factor ETF 29.6 15 45 5.1 -2.1
IWX iShares Russell Top 200 Value ETF 29.4 20 40 6.1 -1.0
TPHD Timothy Plan High Dividend Stock ETF 29.2 52 8 5.7 -1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.9 30 30 5.2 -2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.8 18 42 5.8 -1.4
VALQ American Century STOXX U.S. Quality Value ETF 28.8 29 31 7.7 +0.5
DIVB iShares U.S. Dividend & Buyback ETF 28.7 25 35 6.0 -1.2
TUSA First Trust Total US Market AlphaDEX ETF 28.7 70 -10 4.9 -2.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 28.6 15 45 6.1 -1.1
IUS Invesco Strategic US ETF 28.6 19 41 5.2 -1.9
FVAL Fidelity Value Factor ETF 28.5 29 31 6.8 -0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 28.5 12 48 5.5 -1.7
SPXT ProShares S&P 500 Ex-Technology ETF 28.4 27 33 5.0 -2.1
JDIV JPMorgan U.S. Dividend ETF 28.1 12 48 6.5 -0.7
RAFE PIMCO RAFI ESG U.S. ETF 28.0 30 30 6.7 -0.5
FVD First Trust Value Line Dividend Index Fund 28.0 70 -10 5.8 -1.4
SPYD SPDR S&P 500 High Dividend ETF 27.9 7 53 8.5 +1.3
BKMC BNY Mellon US Mid Cap Core Equity ETF 27.9 4 56 4.8 -2.4
ROUS Hartford Multifactor US Equity ETF 27.8 19 41 6.1 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 27.6 15 45 5.4 -1.8
FVL First Trust Value Line 100 ETF 27.6 70 -10 0.0 -7.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.3 17 43 5.7 -1.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.0 20 40 6.0 -1.2
AUSF Global X Adaptive U.S. Factor ETF 26.7 27 33 7.8 +0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 26.7 29 31 5.5 -1.6
JKF iShares Morningstar Large Cap Value ETF 26.6 25 35 6.9 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 26.5 25 35 5.8 -1.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.5 38 22 7.1 -0.1
DLN WisdomTree U.S. LargeCap Dividend Fund 26.3 28 32 6.4 -0.8
VO Vanguard Mid-Cap Index Fund 26.1 4 56 4.5 -2.7
ONEO SPDR Russell 1000 Momentum Focus ETF 26.0 20 40 5.6 -1.6
RBUS Nationwide Risk-Based U.S. Equity ETF 25.7 30 30 4.8 -2.4
REVS Columbia Research Enhanced Value ETF 25.7 19 41 7.0 -0.2
DGRO iShares Core Dividend Growth ETF 25.6 8 52 6.4 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 25.5 29 31 4.6 -2.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 25.4 29 31 6.2 -1.0
PBP Invesco S&P 500 BuyWrite ETF 25.3 49 11 4.5 -2.7
XYLG Global X S&P 500 Covered Call & Growth ETF 25.0 60 0 4.4 -2.7
AFLG First Trust Active Factor Large Cap ETF 24.8 55 5 4.8 -2.4
DTD WisdomTree U.S.Total Dividend Fund 24.7 28 32 6.4 -0.8
SPLG SPDR Portfolio Large Cap ETF 24.6 3 57 4.9 -2.3
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 24.6 29 31 5.2 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 24.6 27 33 4.4 -2.8
SPY SPDR S&P 500 ETF Trust 24.6 9 51 4.8 -2.4
IVV iShares Core S&P 500 ETF 24.5 3 57 4.9 -2.3
TPLC Timothy Plan US Large Cap Core ETF 24.4 52 8 4.6 -2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.4 9 51 5.0 -2.2
LSLT Salt Low truBeta US Market ETF 24.3 60 0 5.9 -1.3
VOO VANGUARD S&P 500 ETF 24.1 3 57 4.9 -2.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 24.0 7 53 4.7 -2.5
AVUS Avantis U.S. Equity ETF 23.9 15 45 5.0 -2.2

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 13.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.50
 
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.