First Trust Large Cap Growth AlphaDEX Fund
ALTAR
Score™
3.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
3.6x
P/BV
ratio
5.5x Div.
yield
0.9%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $960
Currency USD
Expense ratio 61 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 188
Wgt avg mkt cap (mns) $74,818
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 1.8 %
ZILLOW GROUP, INC. CLASS C 1.2 %
RINGCENTRAL, INC. CLASS A 1.2 %
DEXCOM INC 1.1 %
BROWN & BROWN INC 1.0 %
OLD DOMINION FREIGHT LINE 1.0 %
TRADE DESK, INC. CLASS A 1.0 %
ADVANCED MICRO DEVICES 1.0 %
PAYCOM SOFTWARE INC 1.0 %
TRANSDIGM GROUP INC 0.9 %
Total 11.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 2.3 %
SWITZERLAND 0.8 %
CHINA 0.5 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% 19.4% 10.8% 13.8% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 86%
MSCI EAFE 0.92 57%
MSCI Emg. Mkts. 0.60 41%

Technical Indicators
Recent close $69.85
30d moving avg. $76.31
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.4%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 122
Turnover 0.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $98,400

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Large Cap Growth AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FTC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FTC Expense: 61 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FTC
Ticker Fund
Name
Overlap1
vs FTC
(%)
Expense
ratio
(bp)
Savings
vs FTC
(bp)
ALTAR
Score™
(%)
ALTAR
vs FTC
(%)
FAD First Trust Multi Cap Growth AlphaDEX Fund 50.5 66 -5 3.3 -0.3
RPG Invesco S&P 500 Pure Growth ETF 42.6 35 26 5.2 +1.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 40.6 65 -4 3.6 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 40.5 60 1 6.4 +2.9
IWP iShares Russell Mid-Cap Growth ETF 38.0 24 37 4.9 +1.4
JMOM JPMorgan U.S. Momentum Factor ETF 35.5 12 49 4.5 +1.0
JKH iShares Morningstar Mid-Cap Growth ETF 34.3 30 31 3.0 -0.6
VOT Vanguard Mid-Cap Growth Index Fund 34.2 7 54 4.1 +0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 33.9 9 52 6.4 +2.8
PDP Invesco DWA Momentum ETF 33.7 62 -1 3.7 +0.1
OMOM Invesco Russell 1000 Momentum Factor ETF 33.1 19 42 4.9 +1.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.8 9 52 6.2 +2.7
VUG Vanguard Growth Index Fund 31.6 4 57 4.8 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 31.5 4 57 5.1 +1.5
IVW iShares S&P 500 Growth ETF 31.5 18 43 4.9 +1.4
VOOG Vanguard S&P 500 Growth ETF 31.4 10 51 5.0 +1.5
IUSG iShares Core S&P US Growth ETF 31.2 4 57 5.1 +1.5
PSET Principal Price Setters Index ETF 31.0 29 32 5.7 +2.2
VONG Vanguard Russell 1000 Growth Index Fund 30.5 8 53 5.0 +1.5
IWF iShares Russell 1000 Growth ETF 30.2 19 42 4.9 +1.4

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 Growth AlphaDEX Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.0 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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