First Trust Large Cap Value AlphaDEX Fund
ALTAR
Score™
9.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
34.1x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
3.1%


  • 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) $607
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) $35,945
Large cap (>$10bn) 79.3%
Mid cap ($2-10bn) 20.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONTINENTAL RESOURCES INC/OK 1.8 %
CBS CORP-CLASS B NON VOTING 1.2 %
DR HORTON INC 1.2 %
DIAMONDBACK ENERGY INC 1.2 %
LENNAR CORP-CL A 1.2 %
ROYAL CARIBBEAN CRUISES LTD 1.1 %
MARATHON PETROLEUM 1.1 %
ONEOK INC 1.1 %
PULTE HOMES INC 1.1 %
NORWEGIAN CRUISE LINE HOLDIN 1.1 %
Total 12.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.6 %
IRELAND 1.6 %
SWITZERLAND 0.9 %
BERMUDA 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.6% -10.5% 3.4% 9.6% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.34 91%
MSCI EAFE 1.38 84%
MSCI Emg. Mkts. 1.02 72%

Technical Indicators
Recent close $45.63
30d moving avg. $46.74
Annualized volatility 23.8%
Short interest (ETF) 0.2%
Short interest (Underlying) 5.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 164
Turnover 1.2%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $87,225

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™: 9.2%


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 52.3 60 0 6.0 -3.2
FAB First Trust Multi Cap Value AlphaDEX Fund 48.3 71 -11 9.5 +0.4
RPV Invesco S&P 500 Pure Value ETF 39.9 35 25 11.1 +1.9
JKI iShares Morningstar Mid-Cap Value ETF 38.8 30 30 9.2 0.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 38.1 49 11 9.2 +0.0
SPHB Invesco S&P 500 High Beta ETF 38.1 25 35 9.4 +0.2
RNDV US Equity Dividend Select ETF 35.9 50 10 7.6 -1.6
SPVU Invesco S&P 500 Enhanced Value ETF 35.7 13 47 11.4 +2.2
VLU SPDR S&P 1500 Value Tilt ETF 34.7 12 48 7.4 -1.7
RNLC Large Cap US Equity Select ETF 34.2 60 0 6.2 -3.0
SPVM Invesco S&P 500 Value with Momentum ETF 33.9 39 21 9.1 -0.1
RWL Invesco S&P 500 Revenue ETF 33.9 39 21 7.2 -2.0
RSP Invesco S&P 500 Equal Weight ETF 33.6 20 40 6.7 -2.5
ONEY SPDR Russell 1000 Yield Focus ETF 33.4 20 40 9.3 +0.1
VLUE iShares Edge MSCI USA Value Factor ETF 32.6 15 45 11.3 +2.1
VOOV Vanguard S&P 500 Value ETF 31.9 15 45 7.3 -1.8
SPYV SPDR Portfolio S&P 500 Value ETF 31.8 4 56 7.4 -1.8
IVE iShares S&P 500 Value ETF 31.7 18 42 7.3 -1.9
MAGA Point Bridge GOP Stock Tracker ETF 31.5 72 -12 6.5 -2.7
JVAL JPMorgan U.S. Value Factor ETF 31.3 12 48 8.7 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 31.0 9 51 5.9 -3.3
VTV Vanguard Value Index Fund 30.9 4 56 7.4 -1.7
VFVA Vanguard U.S. Value Factor ETF 30.9 14 46 11.5 +2.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 30.8 20 40 7.6 -1.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 30.6 35 25 8.6 -0.6
IUSV iShares Core S&P U.S. Value ETF 30.5 4 56 7.5 -1.7
VONV Vanguard Russell 1000 Value Index Fund 30.1 8 52 7.3 -1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.0 25 35 6.5 -2.7
PVAL Principal Contrarian Value Index ETF 29.9 29 31 10.1 +0.9
ESGS Columbia Sustainable U.S. Equity Income ETF 29.9 35 25 8.5 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 29.7 17 43 6.5 -2.7
PRF Invesco FTSE RAFI US 1000 ETF 29.6 39 21 6.8 -2.4
IWD iShares Russell 1000 Value ETF 29.3 19 41 7.2 -2.0
EUSA iShares MSCI USA Equal Weighted ETF 29.3 15 45 6.3 -2.9
SIZE iShares Edge MSCI USA Size Factor ETF 29.3 15 45 6.3 -2.9
SLT Salt TruBeta High Exposure ETF 28.9 29 31 9.3 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 28.7 8 52 6.4 -2.7
SCIU Global X Scientific Beta US ETF 28.7 19 41 5.8 -3.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 28.6 25 35 6.5 -2.7
TUSA First Trust Total US Market AlphaDEX ETF 28.5 70 -10 5.9 -3.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 28.0 35 25 8.6 -0.6
USDY Pacific Global US Equity Income ETF 27.9 29 31 7.2 -2.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 27.8 29 31 8.2 -1.0
IUS Invesco Strategic US ETF 27.8 19 41 6.7 -2.5
FVAL Fidelity Value Factor ETF 27.6 29 31 8.0 -1.2
VOE Vanguard Mid-Cap Value Index Fund 27.6 7 53 8.0 -1.2
IWS iShares Russell Mid-Cap Value ETF 27.5 24 36 7.2 -1.9
SPYB SPDR S&P 500 Buyback ETF 27.5 0 60 0.0 -9.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 27.1 35 25 5.9 -3.3
MGV Vanguard Mega Cap Value ETF 27.0 7 53 7.3 -1.9
DIVB iShares U.S. Dividend & Buyback ETF 26.7 25 35 6.6 -2.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 26.7 15 45 6.2 -3.0
ROUS Hartford Multifactor US Equity ETF 26.6 19 41 7.3 -1.9
RAFE PIMCO RAFI ESG U.S. ETF 26.4 29 31 7.8 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 26.4 4 56 7.2 -2.0
VALQ American Century STOXX U.S. Quality Value ETF 26.0 29 31 9.1 -0.1
JHML John Hancock Multifactor Large Cap ETF 25.8 29 31 5.5 -3.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.3 30 30 6.5 -2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 25.0 18 42 6.2 -3.0
PMOM Principal Sustainable Momentum Index ETF 24.8 29 31 9.0 -0.2
REVS Columbia Research Enhanced Value ETF 24.4 19 41 7.7 -1.5
SPXT ProShares S&P 500 Ex-Technology ETF 24.3 27 33 5.6 -3.6
AFLG First Trust Active Factor Large Cap ETF 23.6 55 5 5.5 -3.7
DVY iShares Select Dividend ETF 23.6 39 21 9.7 +0.5
AUSF Global X Adaptive U.S. Factor ETF 23.4 27 33 7.9 -1.3
ONEO SPDR Russell 1000 Momentum Focus ETF 22.8 20 40 6.4 -2.7
QUS SPDR MSCI USA StrategicFactors ETF 22.8 15 45 5.8 -3.4
AVUS Avantis U.S. Equity ETF 22.7 15 45 5.7 -3.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.7 20 40 7.0 -2.1
IWX iShares Russell Top 200 Value ETF 22.5 20 40 7.1 -2.0
DLN WisdomTree U.S. LargeCap Dividend Fund 22.5 28 32 6.4 -2.8
RYF Invesco S&P 500 Equal Weight Financials ETF 22.5 40 20 9.7 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 22.4 9 51 5.5 -3.7
JHMF John Hancock Multifactor Financials ETF 22.4 40 20 7.8 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.2 29 31 6.7 -2.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.0 38 22 7.9 -1.2
SPGP Invesco S&P 500 GARP ETF 21.9 35 25 7.1 -2.1
VYM Vanguard High Dividend Yield Index ETF 21.9 6 54 7.4 -1.8
DTD WisdomTree U.S.Total Dividend Fund 21.9 28 32 6.6 -2.5
CATH Global X S&P 500 Catholic Values Custom ETF 21.7 29 31 5.2 -4.0
PY Principal Shareholder Yield Index ETF 21.6 29 31 9.5 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 21.5 17 43 6.4 -2.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 21.5 15 45 6.8 -2.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 21.3 65 -5 3.3 -5.9
QSY WisdomTree U.S. LargeCap Value Fund 21.3 38 22 6.8 -2.4
EQWL Invesco Russell Top 200 Equal Weight ETF 21.2 25 35 6.1 -3.1
PBP Invesco S&P 500 BuyWrite ETF 21.1 49 11 5.0 -4.2
HSPX Global X S&P 500 Covered Call ETF 20.8 65 -5 4.8 -4.3
SPLG SPDR Portfolio Large Cap ETF 20.8 3 57 5.4 -3.8
SPY SPDR S&P 500 ETF Trust 20.8 9 51 5.3 -3.9
VOO VANGUARD S&P 500 ETF 20.8 3 57 5.4 -3.8
IVV iShares Core S&P 500 ETF 20.8 4 56 5.4 -3.8
EQAL Invesco Russell 1000 Equal Weight ETF 20.8 20 40 5.7 -3.5
VUSE Vident Core US Equity Fund 20.7 48 12 8.3 -0.9
ESGU iShares MSCI USA ESG Optimized ETF 20.6 15 45 5.1 -4.1
QLC FlexShares US Quality Large Cap Index Fund 20.6 32 28 5.3 -3.9
JKF iShares Morningstar Large Cap Value ETF 20.5 25 35 7.6 -1.6
IWR iShares Russell Midcap ETF 20.5 19 41 5.6 -3.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 20.5 7 53 5.2 -4.0
IEFN iShares Evolved U.S. Financials ETF 20.4 18 42 9.3 +0.2

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 11.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.52
 
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.