First Trust Technology AlphaDEX Fund
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
40.5x P/Sales
ratio
2.8x
P/BV
ratio
6.0x Div.
yield
0.5%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $2,228
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 101
Wgt avg mkt cap (mns) $83,220
Large cap (>$10bn) 66.6%
Mid cap ($2-10bn) 32.5%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOCUSIGN, INC. 2.0 %
FASTLY, INC. CLASS A 2.0 %
TWILIO, INC. CLASS A 2.0 %
IAC/INTERACTIVECORP. 2.0 %
ZSCALER, INC. 1.8 %
GLOBANT SA 1.8 %
FIVE9 INC 1.8 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 1.7 %
INPHI CORP 1.7 %
COUPA SOFTWARE, INC. 1.7 %
Total 18.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
LUXEMBOURG 1.8 %
BERMUDA 1.3 %
BRITAIN 0.9 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.1% 29.2% 21.2% 17.8% 12.2%

Market Correlations
versus... Beta R-squared
S&P500 1.23 80%
MSCI EAFE 1.18 63%
MSCI Emg. Mkts. 0.86 54%

Technical Indicators
Recent close $90.37
30d moving avg. $86.15
Annualized volatility 23.6%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.9%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 151
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $63,335

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FXL Expense: 61 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXL
Ticker Fund
Name
Overlap1
vs FXL
(%)
Expense
ratio
(bp)
Savings
vs FXL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXL
(%)
JHMT John Hancock Multifactor Technology ETF 40.6 40 21 4.8 +1.6
PTF Invesco DWA Technology Momentum ETF 35.6 60 1 0.1 -3.1
XITK SPDR FactSet Innovative Technology ETF 33.4 45 16 0.3 -2.9
SKYY First Trust Cloud Computing ETF 32.3 60 1 2.1 -1.1
FTC First Trust Large Cap Growth AlphaDEX Fund 32.1 61 0 2.6 -0.6
RYT Invesco S&P 500 Equal Weight Technology ETF 29.7 40 21 6.5 +3.3
OGIG O'Shares Global Internet Giants ETF 28.1 48 13 0.6 -2.6
IYW iShares U.S. Technology ETF 27.9 42 19 3.8 +0.6
BOSS Global X Founder-Run Companies ETF 27.4 45 16 3.5 +0.3
IGV iShares North American Tech-Software ETF 27.3 46 15 2.4 -0.8
THNQ ROBO Global Artificial Intelligence ETF 27.2 68 -7 1.5 -1.7
XSW SPDR S&P Software & Services ETF 26.8 35 26 3.8 +0.6
TECB iShares US Tech Breakthrough Multisector ETF 26.6 40 21 3.9 +0.7
IWP iShares Russell Mid-Cap Growth ETF 26.2 24 37 2.8 -0.4
JKH iShares Morningstar Mid-Cap Growth ETF 25.8 30 31 2.1 -1.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 24.6 57 4 4.8 +1.6
GDAT Goldman Sachs Motif Data-Driven World Etf 24.2 50 11 4.6 +1.4
PDP Invesco DWA Momentum ETF 24.0 62 -1 2.3 -0.9
FTEC Fidelity MSCI Information Technology Index ETF 24.0 8 53 4.3 +1.1
IGM iShares Expanded Tech Sector ETF 23.7 46 15 3.6 +0.4
VGT Vanguard Information Technology Index Fund 23.7 10 51 4.3 +1.1
QGRO American Century STOXX U.S. Quality Growth ETF 23.5 29 32 3.0 -0.2
RPG Invesco S&P 500 Pure Growth ETF 22.5 35 26 4.3 +1.1
IETC iShares Evolved U.S. Technology ETF 22.5 18 43 3.6 +0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 22.4 75 -14 1.2 -2.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.0 66 -5 2.2 -1.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 21.9 49 12 5.0 +1.8
QTUM Defiance Quantum ETF 21.7 40 21 5.4 +2.2
AIQ Global X Future Analytics Tech ETF 21.2 68 -7 3.7 +0.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 21.1 59 2 4.0 +0.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 21.1 35 26 4.3 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.9 75 -14 3.8 +0.6
IRBO iShares Robotics & Artificial Intelligence ETF 20.7 47 14 2.5 -0.7
ARKW ARK Web x.0 ETF 20.4 76 -15 -0.8 -4.0
JMOM JPMorgan U.S. Momentum Factor ETF 20.3 12 49 3.5 +0.3
VOT Vanguard Mid-Cap Growth Index Fund 20.0 7 54 3.1 -0.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 18.9 49 12 2.0 -1.2
XLK Technology Select Sector SPDR Fund 18.7 13 48 4.5 +1.3
AIEQ AI Powered Equity ETF 18.6 87 -26 3.0 -0.2
WFH Direxion Work From Home ETF 18.5 45 16 5.1 +1.9
VEGN US Vegan Climate ETF 18.4 60 1 5.0 +1.8
FEX First Trust Large Cap Core AlphaDEX Fund 18.3 60 1 5.8 +2.6
PEXL Pacer US Export Leaders ETF 18.3 60 1 5.6 +2.4
WCLD WisdomTree Cloud Computing Fund 18.2 45 16 1.7 -1.5
FTXL First Trust Nasdaq Semiconductor ETF 17.8 60 1 4.8 +1.6
STLG iShares Factors US Growth Style ETF 17.6 25 36 3.5 +0.3
FCTR First Trust Lunt U.S. Factor Rotation ETF 17.3 65 -4 2.9 -0.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 17.0 15 46 4.1 +0.9
IXN iShares Global Tech ETF 16.8 46 15 4.2 +1.0
VFMO Vanguard U.S. Momentum Factor ETF 16.4 13 48 0.1 -3.1
XT iShares Exponential Technologies ETF 16.1 47 14 4.9 +1.7
FDN First Trust Dow Jones Internet Index Fund 16.1 52 9 2.1 -1.1
WUGI Esoterica NextG Economy ETF 16.0 75 -14 1.6 -1.6
XNTK SPDR NYSE Technology ETF 16.0 35 26 3.5 +0.3
SOXX iShares PHLX Semiconductor ETF 15.8 46 15 5.1 +1.9
IFLY ETFMG Drone Economy Strategy ETF 15.7 68 -7 1.9 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 15.5 8 53 3.7 +0.5
IWF iShares Russell 1000 Growth ETF 15.5 19 42 3.6 +0.4
PSI Invesco Dynamic Semiconductors ETF 15.4 58 3 4.5 +1.3
EXT WisdomTree U.S. Total Earnings Fund 15.3 28 33 5.0 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 15.3 55 6 3.3 +0.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 15.2 68 -7 0.2 -3.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 15.1 70 -9 2.0 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 15.1 12 49 5.2 +2.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.9 21 40 3.0 -0.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 14.9 99 -38 1.5 -1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 14.9 49 12 3.8 +0.6
QYLD Global X NASDAQ 100 Covered Call ETF 14.9 60 1 3.4 +0.2
TUSA First Trust Total US Market AlphaDEX ETF 14.7 70 -9 5.7 +2.5
NUSI Nationwide Risk-Managed Income ETF 14.7 68 -7 3.3 +0.1
QQQ Invesco QQQ Trust 14.7 20 41 3.7 +0.5
ENTR Entrepreneur 30 Fund 14.6 49 12 1.5 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.6 9 52 5.3 +2.1
JVAL JPMorgan U.S. Value Factor ETF 14.5 12 49 8.5 +5.3
GIGE SoFi Gig Economy ETF 14.4 59 2 -0.7 -3.9
CLRG IQ Chaikin U.S. Large Cap ETF 14.4 25 36 5.8 +2.6
VUG Vanguard Growth Index Fund 14.4 4 57 3.8 +0.6
NUMG Nuveen ESG Mid-Cap Growth ETF 14.4 40 21 2.2 -1.0
GVIP Goldman Sachs Hedge Industry VIP ETF 14.4 45 16 4.2 +1.0
VO Vanguard Mid-Cap Index Fund 14.2 4 57 5.1 +1.9
IQM Franklin Intelligent Machines ETF 14.2 50 11 1.9 -1.3
SFY SoFi Select 500 ETF 14.1 0 61 5.0 +1.8
ETHO Etho Climate Leadership U.S. ETF 14.0 47 14 4.2 +1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 13.8 30 31 6.3 +3.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.7 4 57 5.4 +2.2
SMH VanEck Vectors Semiconductor ETF 13.5 35 26 5.2 +2.0
CLOU Global X Cloud Computing ETF 13.5 68 -7 0.6 -2.6
ESGV Vanguard ESG U.S. Stock ETF 13.5 12 49 4.9 +1.7
SCHG Schwab U.S. Large-Cap Growth ETF 13.5 4 57 3.9 +0.7
IUSG iShares Core S&P US Growth ETF 13.5 4 57 4.2 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 13.4 4 57 4.2 +1.0
VOOG Vanguard S&P 500 Growth ETF 13.4 10 51 4.1 +0.9
IVW iShares S&P 500 Growth ETF 13.4 18 43 4.0 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 13.3 12 49 4.4 +1.2
ROUS Hartford Multifactor US Equity ETF 13.3 19 42 7.0 +3.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.2 60 1 4.0 +0.8
XWEB SPDR S&P Internet ETF 13.2 35 26 -0.3 -3.5
DSTL Distillate US Fundamental Stability & Value ETF 13.2 39 22 5.9 +2.7
RNLC Large Cap US Equity Select ETF 13.2 60 1 6.1 +2.9
DTEC ALPS Disruptive Technologies ETF 13.1 50 11 3.3 +0.1

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 Technology 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 20.7 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.