First Trust Technology AlphaDEX Fund
ALTAR
Score™
3.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
39.8x P/Sales
ratio
2.8x
P/BV
ratio
6.2x 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) $2,229
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) $91,767
Large cap (>$10bn) 66.5%
Mid cap ($2-10bn) 29.7%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PINTEREST, INC. CLASS A 2.0 %
TWILIO, INC. CLASS A 1.9 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 1.9 %
MICRON TECHNOLOGY INC 1.8 %
CLOUDFLARE INC CLASS A 1.8 %
ZSCALER, INC. 1.7 %
HUBSPOT INC 1.7 %
GLOBANT SA 1.7 %
DOCUSIGN, INC. 1.7 %
EPAM SYSTEMS INC 1.6 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
LUXEMBOURG 1.7 %
BERMUDA 1.4 %
BRITAIN 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.4% 39.8% 24.1% 17.2% 12.2%

Market Correlations
versus... Beta R-squared
S&P500 1.20 79%
MSCI EAFE 1.17 63%
MSCI Emg. Mkts. 0.87 55%

Technical Indicators
Recent close $93.62
30d moving avg. $93.05
Annualized volatility 23.8%
Short interest (ETF) 0.8%
Short interest (Underlying) 3.9%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 229
Turnover 1.0%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $82,177

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 45.7 40 21 4.8 +1.6
RYT Invesco S&P 500 Equal Weight Technology ETF 34.3 40 21 6.7 +3.5
IYW iShares U.S. Technology ETF 33.0 43 18 3.8 +0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 31.3 61 0 2.7 -0.6
FTEC Fidelity MSCI Information Technology Index ETF 29.3 8 53 4.4 +1.2
VGT Vanguard Information Technology Index Fund 29.1 10 51 4.4 +1.2
IGM iShares Expanded Tech Sector ETF 29.0 46 15 3.7 +0.5
SKYY First Trust Cloud Computing ETF 28.4 60 1 2.4 -0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 27.7 57 4 5.1 +1.9
PTF Invesco DWA Technology Momentum ETF 27.5 60 1 0.1 -3.1
OGIG O'Shares Global Internet Giants ETF 27.3 48 13 0.5 -2.7
TECB iShares US Tech Breakthrough Multisector ETF 27.2 40 21 4.0 +0.7
IGV iShares Expanded Tech-Software ETF 27.2 46 15 2.2 -1.0
XITK SPDR FactSet Innovative Technology ETF 26.8 45 16 0.2 -3.0
XSW SPDR S&P Software & Services ETF 26.5 35 26 4.4 +1.2
IETC iShares Evolved U.S. Technology ETF 25.7 18 43 3.7 +0.5
SLT Pacer Salt High TruBeta US Market ETF 25.3 60 1 3.3 +0.1
JKH iShares Morningstar Mid-Cap Growth ETF 25.0 30 31 2.0 -1.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.7 35 26 4.5 +1.3
THNQ ROBO Global Artificial Intelligence ETF 24.2 68 -7 1.6 -1.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.0 59 2 4.3 +1.0
GDAT Goldman Sachs Motif Data-Driven World Etf 24.0 50 11 4.7 +1.5
RPG Invesco S&P 500 Pure Growth ETF 23.8 35 26 4.4 +1.2
XLK Technology Select Sector SPDR Fund 23.5 13 48 4.7 +1.5
JMOM JPMorgan U.S. Momentum Factor ETF 23.4 12 49 3.3 +0.1
QGRO American Century STOXX U.S. Quality Growth ETF 23.1 29 32 3.7 +0.5
IWP iShares Russell Mid-Cap Growth ETF 22.9 24 37 2.9 -0.4
BOSS Global X Founder-Run Companies ETF 22.1 45 16 3.2 -0.0
AIQ Global X Future Analytics Tech ETF 21.9 68 -7 4.0 +0.8
XNTK SPDR NYSE Technology ETF 21.8 35 26 3.5 +0.2
WFH Direxion Work From Home ETF 21.5 45 16 5.4 +2.2
QTUM Defiance Quantum ETF 21.5 40 21 5.6 +2.4
IXN iShares Global Tech ETF 21.4 46 15 4.4 +1.1
VEGN US Vegan Climate ETF 20.8 60 1 5.0 +1.8
IRBO iShares Robotics & Artificial Intelligence ETF 20.7 47 14 2.5 -0.7
WUGI Esoterica NextG Economy ETF 20.6 75 -14 1.5 -1.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 20.5 65 -4 2.9 -0.3
PDP Invesco DWA Momentum ETF 20.5 62 -1 2.3 -0.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 20.3 75 -14 3.8 +0.6
PEXL Pacer US Export Leaders ETF 20.1 60 1 6.0 +2.8
GVIP Goldman Sachs Hedge Industry VIP ETF 19.5 45 16 3.7 +0.5
FTXL First Trust Nasdaq Semiconductor ETF 19.2 60 1 4.3 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 19.2 12 49 5.4 +2.1
JVAL JPMorgan U.S. Value Factor ETF 18.8 12 49 8.4 +5.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 18.8 99 -38 1.6 -1.7
QYLD Global X NASDAQ 100 Covered Call ETF 18.7 60 1 3.4 +0.2
DTEC ALPS Disruptive Technologies ETF 18.7 50 11 3.1 -0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 18.5 49 12 5.0 +1.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 18.4 60 1 3.4 +0.2
QQQ Invesco QQQ Trust 18.3 20 41 3.7 +0.5
SOXX iShares PHLX Semiconductor ETF 18.2 46 15 5.6 +2.4
VOT Vanguard Mid-Cap Growth Index Fund 18.2 7 54 3.1 -0.1
IWF iShares Russell 1000 Growth ETF 18.1 19 42 3.6 +0.4
BTEK BlackRock Future Tech ETF 18.1 88 -27 0.7 -2.6
XT iShares Exponential Technologies ETF 18.1 47 14 4.9 +1.7
WCLD WisdomTree Cloud Computing Fund 18.1 45 16 8.8 +5.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 18.1 66 -5 2.3 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 17.9 8 53 3.7 +0.5
NUSI Nationwide Risk-Managed Income ETF 17.8 68 -7 3.2 0.0
LRNZ TrueMark Technology, AI & Deep Learning ETF 17.7 68 -7 0.3 -3.0
FDN First Trust Dow Jones Internet Index Fund 17.5 52 9 2.0 -1.2
MTUM iShares MSCI USA Momentum Factor ETF 17.4 15 46 4.1 +0.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 17.4 21 40 3.0 -0.2
FPX First Trust US IPO Index Fund 17.3 58 3 1.4 -1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.3 30 31 6.6 +3.3
SFY SoFi Select 500 ETF 17.2 0 61 5.0 +1.8
FEX First Trust Large Cap Core AlphaDEX Fund 17.0 60 1 5.8 +2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.0 49 12 3.9 +0.7
VFMO Vanguard U.S. Momentum Factor ETF 16.9 13 48 0.7 -2.5
ARKW ARK Web x.0 ETF 16.9 76 -15 -0.8 -4.1
VUG Vanguard Growth Index Fund 16.8 4 57 3.8 +0.6
RNLC Large Cap US Equity Select ETF 16.8 60 1 6.1 +2.9
FDMO Fidelity Momentum Factor ETF 16.8 29 32 3.2 -0.0
SCHG Schwab U.S. Large-Cap Growth ETF 16.6 4 57 3.4 +0.2
VOOG Vanguard S&P 500 Growth ETF 16.6 10 51 4.2 +0.9
AIEQ AI Powered Equity ETF 16.5 87 -26 2.7 -0.5
SMH VanEck Vectors Semiconductor ETF 16.5 35 26 5.5 +2.3
ESGV Vanguard ESG U.S. Stock ETF 16.3 12 49 5.0 +1.7
IVW iShares S&P 500 Growth ETF 16.3 18 43 16.9 +13.7
SPYG SPDR Portfolio S&P 500 Growth ETF 16.3 4 57 4.2 +1.0
ETHO Etho Climate Leadership U.S. ETF 16.2 47 14 4.3 +1.1
SYG SPDR MFS Systematic Growth Equity ETF 16.2 60 1 4.0 +0.8
IUSG iShares Core S&P US Growth ETF 16.2 4 57 4.3 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.0 9 52 5.4 +2.2
MMLG First Trust Multi-Manager Large Growth ETF 16.0 85 -24 2.1 -1.2
XSD SPDR S&P Semiconductor ETF 15.9 35 26 4.1 +0.8
USMF WisdomTree U.S. Multifactor Fund 15.9 28 33 5.8 +2.5
CLRG IQ Chaikin U.S. Large Cap ETF 15.8 25 36 5.8 +2.5
TMFC Motley Fool 100 Index ETF 15.8 50 11 3.3 +0.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 15.8 50 11 6.8 +3.6
FFTY Innovator IBD 50 ETF 15.8 80 -19 4.4 +1.2
STLG iShares Factors US Growth Style ETF 15.7 25 36 4.1 +0.9
EXT WisdomTree U.S. Total Earnings Fund 15.7 28 33 5.4 +2.2
GBGR Global Beta Momentum-Growth ETF 15.5 29 32 5.3 +2.0
ESG FlexShares STOXX US ESG Impact Index Fund 15.3 32 29 5.0 +1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 15.2 60 1 4.0 +0.8
LRGF iShares Edge MSCI Multifactor USA ETF 15.1 20 41 7.1 +3.9
ALFA AlphaClone Alternative Alpha ETF 15.1 65 -4 -0.5 -3.7
IWY iShares Russell Top 200 Growth ETF 15.1 20 41 3.8 +0.5
NXTG First Trust Indxx NextG ETF 15.1 70 -9 5.9 +2.7

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 20.8 %
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
1.43 CATEGORY
AVERAGE
1.51
 
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.