First Trust Technology AlphaDEX Fund
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
38.9x P/Sales
ratio
2.4x
P/BV
ratio
6.0x Div.
yield
0.6%


  • 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) $2,718
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 104
Wgt avg mkt cap (mns) $102,259
Large cap (>$10bn) 73.5%
Mid cap ($2-10bn) 22.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLIED MATERIALS INC 2.0 %
LAM RESEARCH CORP 1.9 %
PAGERDUTY, INC. 1.9 %
INTEL CORP 1.9 %
TWILIO, INC. CLASS A 1.8 %
TERADYNE INC 1.8 %
ELASTIC NV 1.8 %
INPHI CORP 1.8 %
SYNNEX CORP 1.8 %
PINTEREST, INC. CLASS A 1.7 %
Total 18.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 1.4 %
LUXEMBOURG 1.2 %
BRITAIN 0.9 %







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.
54.2% 54.2% 28.1% 17.8% 13.7%

Market Correlations
versus... Beta R-squared
S&P500 1.22 83%
MSCI EAFE 1.11 68%
MSCI Emg. Mkts. 0.91 58%

Technical Indicators
Recent close $117.89
30d moving avg. $112.24
Annualized volatility 25.2%
Short interest (ETF) 0.8%
Short interest (Underlying) 3.9%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 111
Turnover 0.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $72,712

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 3.4%


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 47.2 40 21 3.9 +0.6
RYT Invesco S&P 500 Equal Weight Technology ETF 35.3 40 21 5.6 +2.3
FTC First Trust Large Cap Growth AlphaDEX Fund 31.4 61 0 2.2 -1.2
IYW iShares U.S. Technology ETF 28.7 43 18 3.4 -0.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.2 75 -14 2.0 -1.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 27.3 57 4 3.5 +0.1
FTEC Fidelity MSCI Information Technology Index ETF 27.0 8 53 3.9 +0.5
VGT Vanguard Information Technology Index Fund 26.7 10 51 3.9 +0.5
JKH iShares Morningstar Mid-Cap Growth ETF 25.8 30 31 1.9 -1.5
GBGR Global Beta Momentum-Growth ETF 25.7 29 32 1.3 -2.1
IGM iShares Expanded Tech Sector ETF 25.5 46 15 3.3 -0.1
SKYY First Trust Cloud Computing ETF 25.0 60 1 2.1 -1.3
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 24.6 69 -8 4.0 +0.6
IWP iShares Russell Mid-Cap Growth ETF 24.5 24 37 2.6 -0.8
IGV iShares Expanded Tech-Software ETF 24.2 46 15 2.0 -1.4
XSW SPDR S&P Software & Services ETF 24.2 35 26 3.1 -0.3
FTXL First Trust Nasdaq Semiconductor ETF 23.9 60 1 3.6 +0.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 23.6 35 26 4.3 +0.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 23.5 59 2 4.0 +0.6
QTUM Defiance Quantum ETF 23.4 40 21 4.2 +0.8
TECB iShares US Tech Breakthrough Multisector ETF 23.0 40 21 3.4 +0.1
WFH Direxion Work From Home ETF 22.8 45 16 4.5 +1.1
PDP Invesco DWA Momentum ETF 22.4 62 -1 1.8 -1.6
SOXX iShares PHLX Semiconductor ETF 22.3 46 15 4.2 +0.8
XITK SPDR FactSet Innovative Technology ETF 22.2 45 16 0.2 -3.1
XLK Technology Select Sector SPDR Fund 22.0 13 48 4.2 +0.8
QGRO American Century STOXX U.S. Quality Growth ETF 21.9 29 32 3.7 +0.3
SMH VanEck Vectors Semiconductor ETF 21.6 35 26 4.0 +0.6
IETC iShares Evolved U.S. Technology ETF 21.6 18 43 3.4 +0.0
THNQ ROBO Global Artificial Intelligence ETF 21.4 68 -7 1.3 -2.1
PTF Invesco DWA Technology Momentum ETF 20.9 60 1 -0.7 -4.1
OGIG O'Shares Global Internet Giants ETF 20.9 48 13 0.6 -2.8
BOSS Global X Founder-Run Companies ETF 20.5 45 16 2.7 -0.7
VOT Vanguard Mid-Cap Growth Index Fund 20.4 7 54 2.7 -0.7
WCLD WisdomTree Cloud Computing Fund 20.4 45 16 7.5 +4.1
RNLC Large Cap US Equity Select ETF 20.2 60 1 5.2 +1.8
JOET Virtus Terranova US Quality Momentum ETF 19.8 29 32 4.6 +1.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.4 66 -5 1.8 -1.6
RPG Invesco S&P 500 Pure Growth ETF 19.3 35 26 2.7 -0.7
BTEK BlackRock Future Tech ETF 19.1 88 -27 -0.2 -3.5
SLT Pacer Salt High TruBeta US Market ETF 19.0 60 1 4.5 +1.1
IXN iShares Global Tech ETF 19.0 46 15 3.7 +0.3
PSI Invesco Dynamic Semiconductors ETF 18.9 57 4 3.6 +0.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 18.4 50 11 5.7 +2.3
JVAL JPMorgan U.S. Value Factor ETF 18.3 12 49 7.1 +3.7
AIQ Global X Future Analytics Tech ETF 18.3 68 -7 3.4 +0.0
XT iShares Exponential Technologies ETF 18.2 47 14 4.4 +1.1
FEX First Trust Large Cap Core AlphaDEX Fund 18.1 60 1 4.6 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 18.1 12 49 3.0 -0.4
XSD SPDR S&P Semiconductor ETF 17.4 35 26 3.2 -0.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 17.1 15 46 2.5 -0.9
VEGN US Vegan Climate ETF 17.0 60 1 3.9 +0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.7 30 31 5.2 +1.8
QYLD Global X NASDAQ 100 Covered Call ETF 16.3 60 1 3.2 -0.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 16.2 75 -14 2.9 -0.5
NUSI Nationwide Risk-Managed Income ETF 16.1 68 -7 3.1 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 16.1 60 1 3.1 -0.3
FFTY Innovator IBD 50 ETF 16.0 80 -19 4.0 +0.6
QQQM Invesco NASDAQ 100 ETF 15.9 15 46 3.5 +0.1
QQQ Invesco QQQ Trust 15.9 20 41 3.5 +0.1
XNTK SPDR NYSE Technology ETF 15.9 35 26 2.7 -0.7
PEXL Pacer US Export Leaders ETF 15.8 60 1 4.6 +1.2
ETHO Etho Climate Leadership U.S. ETF 15.8 47 14 3.6 +0.2
FIVG Defiance Next Gen Connectivity ETF 15.7 30 31 4.1 +0.7
NXTG First Trust Indxx NextG ETF 15.5 70 -9 5.0 +1.6
JQUA JPMorgan U.S. Quality Factor ETF 15.5 12 49 5.0 +1.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 15.3 60 1 4.6 +1.2
WUGI Esoterica NextG Economy ETF 15.2 75 -14 1.0 -2.4
NUMG Nuveen ESG Mid-Cap Growth ETF 15.1 40 21 2.0 -1.4
AIEQ AI Powered Equity ETF 14.9 87 -26 1.8 -1.6
ESGV Vanguard ESG U.S. Stock ETF 14.8 12 49 4.5 +1.1
IVES Wedbush ETFMG Global Cloud Technology ETF 14.7 68 -7 2.1 -1.3
FLQL Franklin LibertyQ U.S. Equity ETF 14.7 15 46 5.9 +2.5
MTUM iShares MSCI USA Momentum Factor ETF 14.6 15 46 2.2 -1.1
LRGF iShares Edge MSCI Multifactor USA ETF 14.6 20 41 6.0 +2.7
ARKW ARK Web x.0 ETF 14.6 79 -18 -0.8 -4.1
VO Vanguard Mid-Cap Index Fund 14.4 4 57 4.5 +1.2
IQM Franklin Intelligent Machines ETF 14.4 50 11 1.3 -2.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 14.4 29 32 7.2 +3.9
HACK ETFMG Prime Cyber Security ETF 14.4 60 1 2.7 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.3 9 52 4.8 +1.4
ACWF iShares MSCI Global Multifactor ETF 14.3 35 26 6.7 +3.3
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 14.3 47 14 1.3 -2.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.2 17 44 5.6 +2.2
IWR iShares Russell Midcap ETF 13.9 19 42 4.7 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 13.8 21 40 2.9 -0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 13.8 20 41 5.6 +2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.7 9 52 5.0 +1.6
IWF iShares Russell 1000 Growth ETF 13.7 19 42 3.4 +0.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.5 4 57 4.8 +1.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 13.5 49 12 4.2 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 13.4 8 53 3.5 +0.2
TUSA First Trust Total US Market AlphaDEX ETF 13.3 70 -9 4.8 +1.4
ROUS Hartford Multifactor US Equity ETF 13.2 19 42 5.8 +2.5
STLG iShares Factors US Growth Style ETF 13.1 25 36 3.9 +0.5
LSAF LeaderShares AlphaFactor US Core Equity ETF 13.1 75 -14 5.2 +1.8
EUSA iShares MSCI USA Equal Weighted ETF 13.1 15 46 5.1 +1.7
CIBR First Trust NASDAQ CEA Cybersecurity ETF 13.1 60 1 2.8 -0.6
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity 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:

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 20.6 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
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.