First Trust Energy Alphadex
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
22.8x P/Sales
ratio
0.7x
P/BV
ratio
0.7x Div.
yield
2.6%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $87
Currency USD
Expense ratio 63 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 36
Wgt avg mkt cap (mns) $30,062
Large cap (>$10bn) 44.8%
Mid cap ($2-10bn) 41.2%
Small cap (<$2bn) 13.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONOCOPHILLIPS 5.0 %
MARATHON OIL CORP 4.9 %
CIMAREX ENERGY CO 4.8 %
WPX ENERGY 4.8 %
DEVON ENERGY CORPORATION 4.6 %
PHILLIPS 66 4.6 %
OCCIDENTAL PETROLEUM CORP 4.3 %
CABOT OIL & GAS CORP 4.1 %
CONTINENTAL RESOURCES INC/OK 4.0 %
CHEVRON CORP 4.0 %
Total 45.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.3% -36.4% -16.0% -3.9% -5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.55 46%
MSCI EAFE 1.35 29%
MSCI Emg. Mkts. 0.70 13%

Technical Indicators
Recent close $9.20
30d moving avg. $9.52
Annualized volatility 27.6%
Short interest (ETF) 0.1%
Short interest (Underlying) 8.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 102
Turnover 1.1%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $5,853

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FXN Expense: 63 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXN
Ticker Fund
Name
Overlap1
vs FXN
(%)
Expense
ratio
(bp)
Savings
vs FXN
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXN
(%)
RYE Invesco S&P Equal Weight Energy ETF 61.9 40 23 3.6 -1.0
JHME John Hancock Multifactor Energy 58.0 40 23 3.4 -1.2
XOP SPDR S&P Oil & Gas Exploration 55.0 35 28 3.8 -0.9
FRAK VanEck Vectors Unconventional Oil & Gas 47.5 54 9 1.7 -2.9
XLE Energy Select Sector SPDR 44.7 13 50 4.5 -0.2
IYE iShares DJ US Energy Sector 44.3 42 21 4.1 -0.6
IEO iShares U.S. Oil & Gas Exploration & Production 44.0 42 21 3.3 -1.4
FENY Fidelity MSCI Energy 43.6 8 55 4.1 -0.6
VDE Vanguard Energy ETF 43.4 10 53 4.0 -0.7
FTXN First Trust Nasdaq Oil & Gas 43.4 60 3 2.7 -2.0
PXE Invesco Dynamic Energy Exploration & Production 43.2 63 0 1.3 -3.4
XLEY Cushing Energy & MLP 42.8 65 -2 3.8 -0.9
PXI Invesco Dynamic Energy Sector 40.0 60 3 -0.7 -5.3
IGE iShares North American Natural Resources 37.0 46 17 4.1 -0.6
FCG First Trust ISE-Revere Natural Gas 29.8 60 3 3.6 -1.0
IXC iShares S&P Global Energy Sector 28.1 46 17 5.2 +0.6
XLSY Cushing Energy Supply Chain & MLP 25.4 65 -2 5.7 +1.0
FILL iShares MSCI Global Energy Producers 22.8 39 24 5.7 +1.0
NANR SPDR S&P N. American Nat. Resources 21.9 35 28 4.2 -0.5
EQRR ProShares Equities for Rising Rates 19.5 35 28 8.2 +3.5

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

Content on this tab for subscribers only

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 Energy Alphadex
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 3.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.