First Trust Large Cap Value AlphaDEX Fund
ALTAR
Score™
12.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.9x P/Sales
ratio
0.8x
P/BV
ratio
1.0x Div.
yield
3.8%


  • 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 10, 2007
Assets (mns) $596
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) $41,792
Large cap (>$10bn) 76.0%
Mid cap ($2-10bn) 24.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEWMONT MINING CORP 1.4 %
T-MOBILE US, INC. 1.2 %
BIOGEN IDEC INC 1.2 %
KROGER CO 1.2 %
EXELON CORP 1.1 %
MICRON TECHNOLOGY INC 1.1 %
PACCAR INC 1.1 %
AT&T INC 1.0 %
ELECTRONIC ARTS INC 1.0 %
INTEL CORP 1.0 %
Total 11.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
BRITAIN 1.6 %
IRELAND 1.0 %
SWITZERLAND 0.9 %
BERMUDA 0.9 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-34.5% -27.0% -1.5% 6.2% 3.4%

Market Correlations
versus... Beta R-squared
S&P500 1.31 89%
MSCI EAFE 1.28 82%
MSCI Emg. Mkts. 0.98 70%

Technical Indicators
Recent close $35.37
30d moving avg. $42.33
Annualized volatility 21.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 266
Turnover 1.6%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $79,102

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 12.1%


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 53.7 60 0 8.1 -4.1
FAB First Trust Multi Cap Value AlphaDEX Fund 53.3 71 -11 13.3 +1.2
RPV Invesco S&P 500 Pure Value ETF 40.3 35 25 17.6 +5.5
SPVU Invesco S&P 500 Enhanced Value ETF 37.4 13 47 15.9 +3.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 37.2 17 43 9.0 -3.2
RWL Invesco S&P 500 Revenue ETF 35.6 39 21 9.2 -2.9
VFVA Vanguard U.S. Value Factor ETF 35.4 13 47 16.5 +4.4
VOOV Vanguard S&P 500 Value ETF 35.4 15 45 9.2 -3.0
SPYV SPDR Portfolio S&P 500 Value ETF 35.4 4 56 9.2 -2.9
IVE iShares S&P 500 Value ETF 35.3 18 42 9.1 -3.0
VLUE iShares Edge MSCI USA Value Factor ETF 34.9 15 45 14.4 +2.3
RSP Invesco S&P 500 Equal Weight ETF 34.3 20 40 8.8 -3.4
RBUS Nationwide Risk-Based U.S. Equity ETF 34.2 30 30 7.2 -4.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.2 9 51 8.1 -4.0
VONV Vanguard Russell 1000 Value Index Fund 34.2 8 52 9.3 -2.9
IUSV iShares Core S&P U.S. Value ETF 34.1 4 56 9.4 -2.8
TUSA First Trust Total US Market AlphaDEX ETF 34.1 70 -10 9.4 -2.8
ROUS Hartford Multifactor US Equity ETF 33.9 19 41 9.2 -2.9
SCIU Global X Scientific Beta US ETF 33.9 19 41 7.6 -4.5
RNLC Large Cap US Equity Select ETF 33.9 60 0 8.2 -3.9
VLU SPDR S&P 1500 Value Tilt ETF 33.8 12 48 9.6 -2.5
JVAL JPMorgan U.S. Value Factor ETF 33.7 12 48 11.9 -0.2
IWD iShares Russell 1000 Value ETF 33.5 19 41 9.1 -3.0
VTV Vanguard Value Index Fund 33.5 4 56 9.1 -3.0
JKI iShares Morningstar Mid-Cap Value ETF 33.0 30 30 13.5 +1.4
USDY Pacific Global US Equity Income ETF 33.0 29 31 10.5 -1.6
EPS WisdomTree U.S. Earnings 500 Fund 32.8 8 52 8.5 -3.7
PRF Invesco FTSE RAFI US 1000 ETF 32.8 39 21 9.2 -2.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.7 25 35 8.3 -3.8
VOE Vanguard Mid-Cap Value Index Fund 32.1 7 53 10.8 -1.3
VALQ American Century STOXX U.S. Quality Value ETF 32.0 29 31 11.5 -0.6
MAGA Point Bridge GOP Stock Tracker ETF 31.9 72 -12 9.4 -2.7
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 31.7 35 25 11.3 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 31.3 25 35 8.4 -3.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 31.2 20 40 10.4 -1.7
CFA Victory CEMP US 500 Volatility Weighted Index ETF 30.9 35 25 8.1 -4.1
ESGS Columbia Sustainable U.S. Equity Income ETF 30.8 35 25 12.1 0.0
FVAL Fidelity Value Factor ETF 30.5 29 31 11.0 -1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.2 19 41 8.3 -3.8
SCHV Schwab U.S. Large-Cap Value ETF 29.9 4 56 9.0 -3.2
JHML John Hancock Multifactor Large Cap ETF 29.8 34 26 7.5 -4.7
JKF iShares Morningstar Large Cap Value ETF 29.3 25 35 9.5 -2.6
LRGF iShares Edge MSCI Multifactor USA ETF 29.2 20 40 9.0 -3.1
IWS iShares Russell Mid-Cap Value ETF 29.2 24 36 10.0 -2.1
REVS Columbia Research Enhanced Value ETF 29.2 19 41 9.9 -2.3
AFLG First Trust Active Factor Large Cap ETF 29.2 55 5 7.7 -4.4
RAFE PIMCO RAFI ESG U.S. ETF 29.2 29 31 10.3 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 29.1 25 35 8.8 -3.4
FVD First Trust Value Line Dividend Index Fund 29.1 70 -10 8.0 -4.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 28.6 29 31 10.6 -1.6
MGV Vanguard Mega Cap Value ETF 28.6 7 53 8.8 -3.3
SPYB SPDR S&P 500 Buyback ETF 28.5 35 25 11.6 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 28.5 15 45 8.4 -3.7
FLAG FLAG-Forensic Accounting Long Short ETF 27.8 152 -92 11.1 -1.1
IWX iShares Russell Top 200 Value ETF 27.8 20 40 8.7 -3.4
IUS Invesco Strategic US ETF 27.8 19 41 7.9 -4.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.8 20 40 9.5 -2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.6 9 51 7.3 -4.8
SIZE iShares Edge MSCI USA Size Factor ETF 27.4 15 45 8.3 -3.9
ONEY SPDR Russell 1000 Yield Focus ETF 27.1 20 40 12.2 +0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.9 30 30 8.1 -4.1
AVUS Avantis U.S. Equity ETF 26.9 15 45 8.0 -4.1
SPXT ProShares S&P 500 Ex-Technology ETF 26.7 27 33 7.3 -4.8
VYM Vanguard High Dividend Yield Index ETF 26.6 6 54 8.9 -3.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 26.4 38 22 10.2 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 26.2 15 45 7.3 -4.9
VUSE Vident Core US Equity Fund 26.2 48 12 11.0 -1.2
HSPX Global X S&P 500 Covered Call ETF 26.2 65 -5 6.2 -6.0
PBP Invesco S&P 500 BuyWrite ETF 26.0 49 11 6.5 -5.6
FXO First Trust Financials AlphaDEX Fund 25.8 63 -3 13.9 +1.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 25.8 17 43 8.9 -3.2
FLQL Franklin LibertyQ U.S. Equity ETF 25.8 15 45 8.0 -4.1
QLC FlexShares US Quality Large Cap Index Fund 25.7 32 28 7.4 -4.8
DLN WisdomTree U.S. LargeCap Dividend Fund 25.4 28 32 8.0 -4.1
JMIN JPMorgan U.S. Minimum Volatility ETF 25.3 12 48 7.2 -5.0
DTD WisdomTree U.S.Total Dividend Fund 25.3 28 32 8.5 -3.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 25.1 15 45 8.9 -3.2
JDIV JPMorgan U.S. Dividend ETF 25.1 12 48 10.7 -1.4
ONEO SPDR Russell 1000 Momentum Focus ETF 24.9 20 40 9.4 -2.7
QSY WisdomTree U.S. LargeCap Value Fund 24.8 38 22 9.6 -2.6
CLRG IQ Chaikin U.S. Large Cap ETF 24.8 25 35 11.5 -0.6
KRMA Global X Conscious Companies ETF 24.7 43 17 7.3 -4.8
VOO VANGUARD S&P 500 ETF 24.7 3 57 7.1 -5.0
SPY SPDR S&P 500 ETF Trust 24.7 9 51 7.1 -5.1
SPLG SPDR Portfolio Large Cap ETF 24.7 3 57 7.1 -5.0
IVV iShares Core S&P 500 ETF 24.7 4 56 7.1 -5.0
CATH Global X S&P 500 Catholic Values Custom ETF 24.6 29 31 7.0 -5.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 24.4 29 31 9.2 -2.9
EXT WisdomTree U.S. Total Earnings Fund 24.3 28 32 7.7 -4.5
VV Vanguard Large-Cap Index Fund 24.3 4 56 7.0 -5.2
PWV Invesco Dynamic Large Cap Value ETF 24.2 55 5 10.6 -1.5
DGRO iShares Core Dividend Growth ETF 24.1 8 52 8.4 -3.8
EQWL Invesco Russell Top 200 Equal Weight ETF 24.0 25 35 7.5 -4.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.0 2 58 7.1 -5.1
SPGP Invesco S&P 500 GARP ETF 23.7 35 25 10.7 -1.4
PBUS Invesco PureBeta MSCI USA ETF 23.7 4 56 7.2 -5.0
ESGU iShares MSCI USA ESG Optimized ETF 23.6 15 45 6.7 -5.5
VO Vanguard Mid-Cap Index Fund 23.5 4 56 7.7 -4.5
SCHX Schwab U.S. Large-Cap ETF 23.5 3 57 7.0 -5.1
SYLD Cambria Shareholder Yield ETF 23.5 59 1 15.3 +3.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 12.8 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 12.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.