First Trust Health Care AlphaDEX Fund
ALTAR
Score™
4.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.3x P/Sales
ratio
1.9x
P/BV
ratio
3.7x Div.
yield
0.4%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $1,282
Currency USD
Expense ratio 62 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 86
Wgt avg mkt cap (mns) $34,569
Large cap (>$10bn) 66.1%
Mid cap ($2-10bn) 32.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HORIZON PHARMA PLC 2.6 %
UNIVERSAL HEALTH SERVICES-B 2.5 %
CHARLES RIVER LABORATORIES 2.4 %
WEST PHARMACEUTICAL SERVICES 2.3 %
BIO-RAD LABORATORIES-CL A 2.1 %
TANDEM DIABETES CARE INC 2.1 %
SEATTLE GENETICS INC 1.9 %
ALEXION PHARMACEUTICALS INC 1.9 %
BIOGEN IDEC INC 1.9 %
HUMANA INC 1.9 %
Total 21.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 5.6 %
BRITAIN 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.3% 25.4% 8.1% 16.3% 12.7%

Market Correlations
versus... Beta R-squared
S&P500 0.90 70%
MSCI EAFE 0.81 48%
MSCI Emg. Mkts. 0.59 40%

Technical Indicators
Recent close $93.89
30d moving avg. $93.66
Annualized volatility 18.9%
Short interest (ETF) 1.2%
Short interest (Underlying) 4.6%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 64
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $2,585

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Health Care AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FXH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXH Expense: 62 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXH
Ticker Fund
Name
Overlap1
vs FXH
(%)
Expense
ratio
(bp)
Savings
vs FXH
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXH
(%)
RYH Invesco S&P 500 Equal Weight Health Care ETF 49.5 40 22 6.6 +2.5
JHMH John Hancock Multifactor Healthcare ETF 48.0 40 22 6.1 +2.1
IYH iShares U.S. Healthcare ETF 36.7 43 19 6.2 +2.2
FHLC Fidelity MSCI Health Care Index ETF 35.6 8 54 5.5 +1.5
VHT Vanguard Health Care Index Fund 35.1 10 52 5.4 +1.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 34.1 60 2 6.2 +2.1
XLV Health Care Select Sector SPDR Fund 31.5 13 49 7.2 +3.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 30.9 18 44 5.6 +1.5
IEIH iShares Evolved U.S. Innovative Healthcare ETF 30.0 18 44 3.2 -0.9
IBB iShares NASDAQ Biotechnology ETF 28.9 46 16 0.3 -3.8
FBT First Trust NYSE Arca Biotechnology Index Fund 27.8 55 7 -1.0 -5.0
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.7 68 -6 0.2 -3.9
IXJ iShares Global Healthcare ETF 25.5 46 16 6.3 +2.2
LNGR Global X Longevity Thematic ETF 24.2 50 12 3.2 -0.9
BBH VanEck Vectors Biotech ETF 24.0 35 27 4.3 +0.3
XHE SPDR S&P Health Care Equipment ETF 21.8 35 27 1.5 -2.6
PTH Invesco DWA Healthcare Momentum ETF 21.4 60 2 -5.1 -9.2
GDNA Goldman Sachs Motif Human Evolution ETF 21.4 50 12 0.6 -3.5
XHS SPDR S&P Health Care Services ETF 21.0 35 27 4.7 +0.7
IHF iShares U.S. Healthcare Providers ETF 19.2 42 20 8.0 +3.9
XBI SPDR S&P BIOTECH ETF 19.2 35 27 -2.7 -6.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 18.8 34 28 4.9 +0.9
PJP Invesco Dynamic Pharmaceuticals ETF 18.5 56 6 12.7 +8.6
JKH iShares Morningstar Mid-Cap Growth ETF 18.3 30 32 2.3 -1.8
HELX Franklin Genomic Advancements ETF 17.3 50 12 -1.3 -5.4
BTEC Principal Healthcare Innovators Index ETF 17.2 42 20 -2.4 -6.5
IWP iShares Russell Mid-Cap Growth ETF 17.1 24 38 3.0 -1.1
IHI iShares U.S. Medical Devices ETF 17.1 42 20 3.3 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 16.6 30 32 4.7 +0.6
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.1 60 2 3.6 -0.5
XT iShares Exponential Technologies ETF 16.0 47 15 5.1 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.9 25 37 5.8 +1.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 15.2 70 -8 2.2 -1.9
QGRO American Century STOXX U.S. Quality Growth ETF 14.6 29 33 3.9 -0.2
LRGF iShares Edge MSCI Multifactor USA ETF 14.0 20 42 7.7 +3.6
FCPI Fidelity Stocks for Inflation ETF 14.0 29 33 6.8 +2.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 14.0 15 47 5.1 +1.0
FTC First Trust Large Cap Growth AlphaDEX Fund 13.9 61 1 2.9 -1.1
GERM ETFMG Treatments Testing and Advancements ETF 13.7 68 -6 -3.3 -7.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.4 17 45 6.4 +2.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 13.4 30 32 5.8 +1.7
AIEQ AI Powered Equity ETF 13.3 87 -25 2.8 -1.3
JMIN JPMorgan U.S. Minimum Volatility ETF 13.2 12 50 5.5 +1.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 13.1 60 2 8.8 +4.7
SPXT ProShares S&P 500 Ex-Technology ETF 12.7 27 35 5.5 +1.4
VBK Vanguard Small-Cap Growth Index Fund 12.6 7 55 2.4 -1.7
FVL First Trust Value Line 100 Exchange-Traded Fund 12.6 70 -8 5.3 +1.3
ROUS Hartford Multifactor US Equity ETF 12.6 19 43 6.4 +2.3
SPLV Invesco S&P 500 Low Volatility ETF 12.6 25 37 5.5 +1.4
ALTL Pacer Lunt Large Cap Alternator ETF 12.5 60 2 5.1 +1.0
VALQ American Century STOXX U.S. Quality Value ETF 12.5 29 33 8.9 +4.9
JMOM JPMorgan U.S. Momentum Factor ETF 12.3 12 50 4.0 -0.1
ONEO SPDR Russell 1000 Momentum Focus ETF 12.2 20 42 6.4 +2.3
VOT Vanguard Mid-Cap Growth Index Fund 12.2 7 55 3.3 -0.8
PBE Invesco Dynamic Biotechnology & Genome ETF 12.1 58 4 -2.6 -6.7
AFLG First Trust Active Factor Large Cap ETF 11.9 55 7 6.3 +2.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 11.9 24 38 6.0 +2.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 11.9 35 27 5.4 +1.3
QVAL Alpha Architect U.S. Quantitative Value ETF 11.9 49 13 10.7 +6.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 11.9 25 37 7.6 +3.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.9 9 53 6.1 +2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 11.8 30 32 6.5 +2.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 11.8 60 2 5.4 +1.3
TPLC Timothy Plan US Large Cap Core ETF 11.7 52 10 5.3 +1.2
FTCS First Trust Capital Strength ETF 11.6 58 4 5.0 +1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.5 66 -4 2.5 -1.6
ESGV Vanguard ESG U.S. Stock ETF 11.5 12 50 5.8 +1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 11.4 17 45 6.3 +2.3
NULG Nuveen ESG Large-Cap Growth ETF 11.4 35 27 3.7 -0.4
VOOV Vanguard S&P 500 Value ETF 11.3 10 52 7.2 +3.1
FDMO Fidelity Momentum Factor ETF 11.3 29 33 4.2 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 11.3 9 53 5.9 +1.8
PEXL Pacer US Export Leaders ETF 11.3 60 2 5.8 +1.7
IVE iShares S&P 500 Value ETF 11.2 18 44 7.1 +3.0
SPYV SPDR Portfolio S&P 500 Value ETF 11.2 4 58 7.2 +3.2
FEX First Trust Large Cap Core AlphaDEX Fund 11.1 60 2 6.0 +1.9
SPXN ProShares S&P 500 Ex-Financials ETF 11.1 27 35 5.8 +1.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 11.1 20 42 7.6 +3.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 11.1 12 50 6.2 +2.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 11.1 59 3 4.3 +0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 11.1 35 27 4.5 +0.4
IUSV iShares Core S&P U.S. Value ETF 11.0 4 58 7.3 +3.2
JHMM John Hancock Multifactor Mid Cap ETF 11.0 42 20 5.6 +1.5
RFFC RiverFront Dynamic US Flex-Cap ETF 10.9 52 10 5.5 +1.4
SCIU Global X Scientific Beta US ETF 10.9 19 43 5.7 +1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 10.9 18 44 6.1 +2.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 10.9 49 13 5.2 +1.1
EXT WisdomTree U.S. Total Earnings Fund 10.9 28 34 6.1 +2.0
AFMC First Trust Active Factor Mid Cap ETF 10.8 65 -3 6.3 +2.3
IWF iShares Russell 1000 Growth ETF 10.8 19 43 5.6 +1.5
PSET Principal Price Setters Index ETF 10.7 15 47 5.0 +0.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 10.7 60 2 3.2 -0.9
IHE iShares U.S. Pharmaceuticals ETF 10.6 42 20 5.4 +1.3
XPH SPDR S&P Pharmaceuticals ETF 10.6 35 27 4.4 +0.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 10.6 35 27 4.1 +0.0
USMF WisdomTree U.S. Multifactor Fund 10.6 28 34 5.8 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 10.5 8 54 5.7 +1.6
SCHM Schwab U.S. Mid-Cap ETF 10.5 4 58 6.1 +2.1
ETHO Etho Climate Leadership U.S. ETF 10.4 47 15 4.5 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 10.4 35 27 5.7 +1.6

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.8 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.