First Trust Large Cap Growth AlphaDEX Fund
ALTAR
Score™
3.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
33.3x P/Sales
ratio
4.8x
P/BV
ratio
6.5x 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) $902
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) $103,230
Large cap (>$10bn) 96.7%
Mid cap ($2-10bn) 3.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COUPA SOFTWARE, INC. 1.2 %
OKTA, INC. CLASS A 1.2 %
TESLA MOTORS INC 1.2 %
DEXCOM INC 1.1 %
DOCUSIGN, INC. 1.1 %
FORTINET INC 1.1 %
WEST PHARMACEUTICAL SERVICES 1.0 %
SERVICENOW INC 1.0 %
SEATTLE GENETICS INC 1.0 %
VEEVA SYSTEMS INC-CLASS A 1.0 %
Total 10.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
IRELAND 0.8 %
BERMUDA 0.6 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.3% 14.0% 9.4% 12.7% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.05 91%
MSCI EAFE 1.02 75%
MSCI Emg. Mkts. 0.74 60%

Technical Indicators
Recent close $74.27
30d moving avg. $68.98
Annualized volatility 18.6%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.4%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $133,396

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.0%


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 49.4 66 -5 2.7 -0.4
FEX First Trust Large Cap Core AlphaDEX Fund 45.6 60 1 6.4 +3.4
JMOM JPMorgan U.S. Momentum Factor ETF 42.9 12 49 4.0 +0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 41.5 75 -14 3.8 +0.7
RPG Invesco S&P 500 Pure Growth ETF 41.4 35 26 4.5 +1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.1 9 52 5.7 +2.7
PSET Principal Price Setters Index ETF 38.6 29 32 4.7 +1.7
FDMO Fidelity Momentum Factor ETF 38.4 29 32 3.9 +0.9
JKH iShares Morningstar Mid-Cap Growth ETF 38.2 30 31 2.5 -0.5
IWP iShares Russell Mid-Cap Growth ETF 37.3 24 37 4.3 +1.3
PDP Invesco DWA Momentum ETF 36.6 62 -1 2.8 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 36.1 4 57 4.5 +1.5
IVW iShares S&P 500 Growth ETF 36.1 18 43 4.4 +1.4
IUSG iShares Core S&P US Growth ETF 35.8 4 57 4.5 +1.5
VOOG Vanguard S&P 500 Growth ETF 35.8 10 51 4.5 +1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.9 9 52 6.1 +3.1
SFY SoFi Select 500 ETF 34.7 0 61 5.4 +2.4
QGRO American Century STOXX U.S. Quality Growth ETF 34.5 29 32 3.1 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 34.5 8 53 4.5 +1.4
IWF iShares Russell 1000 Growth ETF 34.5 19 42 4.4 +1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.4 12 49 5.1 +2.1
SIZE iShares Edge MSCI USA Size Factor ETF 34.3 15 46 6.2 +3.2
VUG Vanguard Growth Index Fund 34.2 4 57 4.3 +1.2
JHML John Hancock Multifactor Large Cap ETF 34.0 34 27 5.7 +2.7
VOT Vanguard Mid-Cap Growth Index Fund 33.8 7 54 3.7 +0.7
PBUS Invesco PureBeta MSCI USA ETF 33.5 4 57 5.6 +2.6
AFLG First Trust Active Factor Large Cap ETF 33.5 55 6 6.0 +2.9
SCHX Schwab U.S. Large-Cap ETF 33.3 3 58 5.5 +2.5
VV Vanguard Large-Cap Index Fund 33.2 4 57 5.5 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.0 2 59 5.6 +2.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 32.9 15 46 4.7 +1.7
EUSA iShares MSCI USA Equal Weighted ETF 32.8 15 46 6.3 +3.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 32.7 29 32 4.4 +1.3
PBP Invesco S&P 500 BuyWrite ETF 32.6 49 12 5.3 +2.3
SCHK Schwab 1000 Index ETF 32.5 5 56 5.5 +2.5
SCIU Global X Scientific Beta US ETF 32.5 19 42 5.9 +2.9
IWB iShares Russell 1000 ETF 32.4 15 46 5.4 +2.4
IYY iShares Dow Jones U.S. ETF 32.3 20 41 5.4 +2.3
SPXE ProShares S&P 500 Ex-Energy ETF 32.3 27 34 5.5 +2.5
VONE Vanguard Russell 1000 ETF 32.3 8 53 5.5 +2.4
VFMO Vanguard U.S. Momentum Factor ETF 31.8 13 48 2.1 -0.9
HSPX Global X S&P 500 Covered Call ETF 31.7 65 -4 5.1 +2.1
JQUA JPMorgan U.S. Quality Factor ETF 31.6 12 49 5.3 +2.3
ESGV Vanguard ESG U.S. Stock ETF 31.6 12 49 5.4 +2.4
SPY SPDR S&P 500 ETF Trust 31.6 9 52 5.5 +2.5
IVV iShares Core S&P 500 ETF 31.6 4 57 5.6 +2.6
SPLG SPDR Portfolio Large Cap ETF 31.6 3 58 5.6 +2.6
SCHB Schwab U.S. Broad Market ETF 31.6 3 58 5.5 +2.4
VTI Vanguard Total Stock Market Index Fund 31.6 3 58 5.4 +2.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.5 20 41 5.6 +2.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.5 3 58 5.4 +2.4
ESGU iShares MSCI USA ESG Optimized ETF 31.4 15 46 5.3 +2.2
VO Vanguard Mid-Cap Index Fund 31.4 4 57 5.7 +2.7
VOO VANGUARD S&P 500 ETF 31.3 3 58 5.6 +2.6
SCHG Schwab U.S. Large-Cap Growth ETF 31.2 4 57 4.4 +1.3
IWV iShares Russell 3000 ETF 31.2 20 41 5.3 +2.2
RNLC Large Cap US Equity Select ETF 31.1 60 1 6.5 +3.4
VTHR Vanguard Russell 3000 Index Fund 31.1 10 51 5.4 +2.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 30.8 60 1 4.3 +1.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 30.8 35 26 4.5 +1.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.6 35 26 6.0 +3.0
SPTM SPDR Portfolio Total Stock Market ETF 30.6 3 58 5.7 +2.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 30.6 60 1 4.6 +1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 30.3 30 31 5.1 +2.1
ETHO Etho Climate Leadership U.S. ETF 30.3 47 14 4.6 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 30.1 20 41 5.2 +2.1
SPXN ProShares S&P 500 Ex-Financials ETF 29.8 27 34 5.2 +2.1
IQSU IQ Candriam ESG US Equity ETF 29.7 9 52 5.3 +2.3
MGC Vanguard Mega Cap Index Fund 29.6 7 54 5.4 +2.4
KRMA Global X Conscious Companies ETF 29.1 43 18 5.4 +2.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 29.1 30 31 6.9 +3.8
FXL First Trust Technology AlphaDEX Fund 29.0 61 0 3.4 +0.3
EXT WisdomTree U.S. Total Earnings Fund 28.8 28 33 5.9 +2.9
TPLC Timothy Plan US Large Cap Core ETF 28.4 52 9 5.5 +2.5
BFOR Barron's 400 ETF 28.4 66 -5 6.5 +3.5
IWL iShares Russell Top 200 ETF 28.2 15 46 5.2 +2.2
QUS SPDR MSCI USA StrategicFactors ETF 28.2 15 46 5.9 +2.8
IWR iShares Russell Midcap ETF 28.1 19 42 5.9 +2.9
AVUS Avantis U.S. Equity ETF 28.0 15 46 6.0 +3.0
CATH Global X S&P 500 Catholic Values Custom ETF 28.0 29 32 5.4 +2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.8 17 44 7.1 +4.0
MGK Vanguard Mega Cap Growth ETF 27.7 7 54 4.4 +1.3
FVL First Trust Value Line 100 Exchange-Traded Fund 27.5 70 -9 4.0 +1.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 27.5 19 42 6.4 +3.4
SPMO Invesco S&P 500 Momentum ETF 27.4 13 48 4.5 +1.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.3 17 44 6.7 +3.7
SPXV ProShares S&P 500 Ex-Health Care ETF 27.0 27 34 5.3 +2.2
TOK iShares MSCI Kokusai ETF 27.0 25 36 5.9 +2.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 26.9 29 32 6.3 +3.3
RSP Invesco S&P 500 Equal Weight ETF 26.9 20 41 7.2 +4.1
TTAC TrimTabs Float Shrink ETF 26.8 59 2 3.6 +0.6
IWY iShares Russell Top 200 Growth ETF 26.8 20 41 4.3 +1.3
SNPE Xtrackers S&P 500 ESG ETF 26.8 11 50 5.3 +2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 26.7 35 26 6.0 +2.9
XT iShares Exponential Technologies ETF 26.6 47 14 5.4 +2.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 26.3 25 36 6.4 +3.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.2 49 12 4.2 +1.2
DSI iShares MSCI KLD 400 Social ETF 26.1 25 36 5.3 +2.3
SPXT ProShares S&P 500 Ex-Technology ETF 25.8 27 34 5.8 +2.7
VEGN US Vegan Climate ETF 25.7 60 1 5.3 +2.3

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 22.2 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.