First Trust Consumer Discretionary
ALTAR
Score™
7.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
16.8x P/Sales
ratio
0.9x
P/BV
ratio
2.6x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Consumer Discretionary AlphaDEX Fund seeks investment results that correspond generally to the StrataQuant Consumer Discretionary AlphaDEX Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $321
Currency USD
Expense ratio 64 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 119
Wgt avg mkt cap (mns) $27,802
Large cap (>$10bn) 50.6%
Mid cap ($2-10bn) 47.5%
Small cap (<$2bn) 1.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 1.7 %
LENNAR CORP-CL A 1.6 %
TOLL BROTHERS INC 1.6 %
GAP INC/THE 1.5 %
LULULEMON ATHLETICA INC 1.5 %
MGM MIRAGE 1.5 %
MACY'S INC 1.5 %
LEAR CORP 1.5 %
BEST BUY CO INC 1.5 %
MOHAWK INDUSTRIES INC 1.5 %
Total 15.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
BRITAIN 1.4 %
IRELAND 0.8 %
LUXEMBOURG 0.5 %
CHINA 0.3 %
SWITZERLAND 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.2% 24.2% 5.9% 12.6% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.10 84%
MSCI EAFE 1.02 59%
MSCI Emg. Mkts. 0.66 42%

Technical Indicators
Recent close $45.50
30d moving avg. $45.20
Annualized volatility 14.6%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 30
Turnover 0.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $24,920

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FXD Expense: 64 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXD
Ticker Fund
Name
Overlap1
vs FXD
(%)
Expense
ratio
(bp)
Savings
vs FXD
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXD
(%)
RCD Invesco S&P Equal Weight Consumer Discretionary 41.1 40 24 8.2 +0.5
JHMC John Hancock Multifactor Consumer Discretionary 36.8 40 24 5.6 -2.1
VCR Vanguard Consumer Discretionary 29.5 10 54 5.1 -2.6
FDIS Fidelity MSCI Consumer Discrettionary 29.3 8 56 5.1 -2.6
XLY Consumer Discretionary Select Sector SPDR 24.6 13 51 5.3 -2.4
IYC iShares DJ US Consumer Services 24.1 42 22 4.8 -2.9
IEDI iShares Evolved U.S. Discretionary Spending 22.0 18 46 4.8 -2.9
XRT SPDR S&P Retail 20.2 35 29 8.5 +0.8
RXI iShares S&P Global Consumer Discretionary 19.1 46 18 6.4 -1.3
FNK First Trust Mid Cap Value AlphaDEX 18.0 70 -6 8.7 +1.0
ONEO SPDR Russell 1000 Momentum Focus 18.0 20 44 6.6 -1.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 17.9 60 4 7.1 -0.6
PEZ Invesco DWA Consumer Discretionary Momentum 17.7 60 4 4.2 -3.5
IEME iShares Evolved U.S. Media and Entertainment 16.8 18 46 5.7 -2.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 16.6 29 35 9.0 +1.3
IYK iShares US Consumer Goods 16.4 42 22 5.9 -1.8
RVRS Reverse Cap Weighted US Large Cap 16.0 29 35 7.3 -0.4
DEUS Xtrackers Russell 1000 Comprehensive Factor 15.7 17 47 6.4 -1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 15.7 24 40 5.7 -2.0
PY Principal Shareholder Yield 15.0 29 35 7.7 0.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Consumer Discretionary
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 19.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 64 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.55
 
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.