First Trust Financials AlphaDEX Fund
ALTAR
Score™
9.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.6x P/Sales
ratio
1.9x
P/BV
ratio
1.1x Div.
yield
2.8%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $747
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 105
Wgt avg mkt cap (mns) $23,059
Large cap (>$10bn) 37.9%
Mid cap ($2-10bn) 62.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INVESCO LTD 1.9 %
ASSURED GUARANTY LTD 1.9 %
ASSOCIATED BANC-CORP 1.8 %
SLM CORP 1.8 %
UNUM GROUP 1.7 %
METLIFE INC 1.7 %
MGIC INVESTMENT CORP 1.7 %
FRANKLIN RESOURCES INC 1.7 %
HARTFORD FINANCIAL SVCS GRP 1.7 %
FIRST AMERICAN FINANCIAL 1.6 %
Total 17.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.7 %
BERMUDA 6.3 %
PUERTO RICO 1.3 %
SWITZERLAND 0.3 %
BRITAIN 0.3 %






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.
5.9% 5.9% 10.5% 11.0% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.21 77%
MSCI EAFE 1.20 75%
MSCI Emg. Mkts. 1.03 70%

Technical Indicators
Recent close $36.60
30d moving avg. $34.93
Annualized volatility 25.9%
Short interest (ETF) 0.9%
Short interest (Underlying) 2.8%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 165
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $19,568

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the First Trust Financials AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FXO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXO Expense: 63 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXO
Ticker Fund
Name
Overlap1
vs FXO
(%)
Expense
ratio
(bp)
Savings
vs FXO
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXO
(%)
RYF Invesco S&P 500 Equal Weight Financials ETF 44.3 40 23 7.5 -1.7
JHMF John Hancock Multifactor Financials ETF 40.7 40 23 6.4 -2.8
IEFN iShares Evolved U.S. Financials ETF 36.2 18 45 7.5 -1.7
KBE SPDR S&P Bank ETF 35.9 35 28 8.2 -1.0
FNCL Fidelity MSCI Financials Index ETF 32.7 8 55 7.2 -2.0
VFH Vanguard Financials Index Fund 31.6 10 53 7.2 -2.0
KIE SPDR S&P Insurance ETF 31.3 35 28 8.1 -1.0
RPV Invesco S&P 500 Pure Value ETF 31.2 35 28 9.9 +0.7
XLF Financial Select Sector SPDR Fund 27.5 13 50 6.8 -2.4
IYF iShares U.S. Financials ETF 27.1 42 21 6.0 -3.2
KRE SPDR S&P Regional Banking ETF 26.1 35 28 7.5 -1.6
IAT iShares U.S. Regional Banks ETF 24.9 42 21 7.9 -1.3
IYG iShares US Financial Services ETF 23.0 42 21 5.9 -3.3
FNK First Trust Mid Cap Value AlphaDEX Fund 22.6 70 -7 7.7 -1.5
PY Principal Shareholder Yield Index ETF 22.3 15 48 7.8 -1.4
IAK iShares U.S. Insurance ETF 21.7 42 21 7.7 -1.5
KCE SPDR S&P Capital Markets ETF 21.0 35 28 7.0 -2.1
FTA First Trust Large Cap Value AlphaDEX Fund 20.9 60 3 7.3 -1.9
FTXO First Trust Nasdaq Bank ETF 20.0 60 3 6.7 -2.5
SPVU Invesco S&P 500 Enhanced Value ETF 19.9 13 50 9.4 +0.2
IXG iShares Global Financials ETF 19.7 46 17 8.5 -0.7
CVY Invesco Zacks Multi-Asset Income ETF 19.6 94 -31 8.2 -1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 19.6 35 28 7.7 -1.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.6 35 28 7.7 -1.5
FOVL iShares Focused Value Factor ETF 19.2 25 38 7.7 -1.5
AUSF Global X Adaptive U.S. Factor ETF 19.1 27 36 8.0 -1.1
FAB First Trust Multi Cap Value AlphaDEX Fund 18.7 71 -8 7.5 -1.7
KBWB Invesco KBW Bank ETF 18.0 35 28 7.9 -1.3
RDVY First Trust Rising Dividend Achievers ETF 17.7 50 13 6.4 -2.8
SPYD SPDR S&P 500 High Dividend ETF 17.7 7 56 9.2 -0.0
RFV Invesco S&P Midcap 400 Pure Value ETF 17.3 35 28 8.9 -0.3
DON WisdomTree U.S. MidCap Dividend Fund 16.8 38 25 6.7 -2.5
ESGS Columbia Sustainable U.S. Equity Income ETF 16.4 35 28 7.4 -1.8
KBWR Invesco KBW Regional Banking ETF 16.1 35 28 7.6 -1.6
QSY WisdomTree U.S. LargeCap Value Fund 16.1 38 25 6.7 -2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 15.8 60 3 6.1 -3.1
VFVA Vanguard U.S. Value Factor ETF 15.8 14 49 8.4 -0.8
SPGP Invesco S&P 500 GARP ETF 15.7 34 29 6.2 -3.0
FUNL CornerCap Fundametrics Large-Cap ETF 15.5 50 13 7.2 -2.0
ALTL Pacer Lunt Large Cap Alternator ETF 15.5 60 3 5.6 -3.6
SPHB Invesco S&P 500 High Beta ETF 15.5 25 38 5.9 -3.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.4 29 34 6.0 -3.2
DVY iShares Select Dividend ETF 15.2 39 24 8.0 -1.2
STLV iShares Factors US Value Style ETF 15.2 25 38 6.5 -2.7
PWV Invesco Dynamic Large Cap Value ETF 13.8 56 7 6.8 -2.4
EZM WisdomTree U.S. MidCap Earnings Fund 13.8 38 25 7.6 -1.6
JKI iShares Morningstar Mid-Cap Value ETF 13.7 30 33 7.6 -1.6
MAGA Point Bridge GOP Stock Tracker ETF 13.7 72 -9 5.3 -3.9
VOOV Vanguard S&P 500 Value ETF 13.5 10 53 6.6 -2.6
JKL iShares Morningstar Small Cap Value ETF 13.3 30 33 7.6 -1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 13.2 61 2 5.1 -4.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.9 65 -2 1.2 -8.0
MDYV SPDR S&P 400 Mid Cap Value ETF 12.9 15 48 6.9 -2.2
VLU SPDR S&P 1500 Value Tilt ETF 12.9 12 51 6.1 -3.1
KBWP Invesco KBW Property & Casualty Insurance ETF 12.8 35 28 6.1 -3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 12.8 18 45 6.9 -2.3
FEX First Trust Large Cap Core AlphaDEX Fund 12.7 60 3 4.6 -4.5
VONV Vanguard Russell 1000 Value Index Fund 12.5 8 55 6.1 -3.1
ONEY SPDR Russell 1000 Yield Focus ETF 12.4 20 43 7.2 -2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 12.3 20 43 6.1 -3.0
SCHD Schwab U.S. Dividend Equity ETF 12.2 6 57 7.1 -2.1
IWD iShares Russell 1000 Value ETF 12.1 19 44 6.0 -3.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.1 20 43 7.1 -2.1
VYM Vanguard High Dividend Yield Index ETF 12.0 6 57 6.6 -2.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.0 39 24 8.7 -0.5
WBIY WBI Power Factor High Dividend ETF 12.0 70 -7 8.4 -0.8
DFNL Davis Select Financial ETF 11.9 64 -1 6.8 -2.4
VTV Vanguard Value Index Fund 11.7 4 59 6.5 -2.7
JVAL JPMorgan U.S. Value Factor ETF 11.7 12 51 7.1 -2.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 11.6 29 34 6.1 -3.1
SPVM Invesco S&P 500 Value with Momentum ETF 11.6 39 24 7.7 -1.5
IWS iShares Russell Mid-Cap Value ETF 11.6 24 39 5.9 -3.3
TUSA First Trust Total US Market AlphaDEX ETF 11.5 70 -7 4.8 -4.4
DGRO iShares Core Dividend Growth ETF 11.4 8 55 6.0 -3.2
PKW Invesco Buyback Achievers ETF 11.4 62 1 5.4 -3.8
IUSV iShares Core S&P U.S. Value ETF 11.3 4 59 6.4 -2.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.3 15 48 6.7 -2.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.3 15 48 6.0 -3.2
DIVB iShares U.S. Dividend & Buyback ETF 11.1 25 38 5.9 -3.3
REVS Columbia Research Enhanced Value ETF 11.0 19 44 6.7 -2.5
SPYV SPDR Portfolio S&P 500 Value ETF 11.0 4 59 6.4 -2.8
IVE iShares S&P 500 Value ETF 11.0 18 45 6.2 -3.0
PFI Invesco DWA Financial Momentum ETF 10.9 60 3 4.9 -4.3
PRF Invesco FTSE RAFI US 1000 ETF 10.9 39 24 5.8 -3.4
SCHV Schwab U.S. Large-Cap Value ETF 10.9 4 59 6.0 -3.2
RAFE PIMCO RAFI ESG U.S. ETF 10.9 30 33 6.6 -2.5
FDL First Trust Morningstar Dividend Leaders Index Fund 10.8 45 18 9.1 -0.0
MGV Vanguard Mega Cap Value ETF 10.7 7 56 6.4 -2.7
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 10.6 35 28 5.0 -4.2
VOE Vanguard Mid-Cap Value Index Fund 10.6 7 56 6.6 -2.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 10.6 35 28 5.0 -4.2
HOMZ Hoya Capital Housing ETF 10.5 30 33 6.8 -2.4
JHMM John Hancock Multifactor Mid Cap ETF 10.4 42 21 4.7 -4.5
RSP Invesco S&P 500 Equal Weight ETF 10.3 20 43 5.6 -3.6
SDY SPDR S&P Dividend ETF 10.3 35 28 6.4 -2.8
IWX iShares Russell Top 200 Value ETF 10.2 20 43 6.0 -3.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.