First Trust Financials AlphaDEX Fund
ALTAR
Score™
13.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.0x P/Sales
ratio
1.3x
P/BV
ratio
0.8x Div.
yield
4.5%


  • 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 10, 2007
Assets (mns) $570
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 186
Wgt avg mkt cap (mns) $22,615
Large cap (>$10bn) 37.9%
Mid cap ($2-10bn) 56.1%
Small cap (<$2bn) 6.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EQUITY COMMONWEALTH 1.4 %
KEMPER CORP 1.4 %
MARKETAXESS HOLDINGS INC 1.2 %
FAIR ISAAC CORP 1.2 %
FISERV INC 1.2 %
WHITE MOUNTAINS INSURANCE GP 1.2 %
SLM CORP 1.1 %
BROWN & BROWN INC 1.0 %
FIRST AMERICAN FINANCIAL 1.0 %
FIRST REPUBLIC BANK/CA 1.0 %
Total 11.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
BERMUDA 3.6 %
BRITAIN 1.4 %
PUERTO RICO 0.7 %
SWITZERLAND 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-36.3% -28.4% -0.3% 6.4% 2.4%

Market Correlations
versus... Beta R-squared
S&P500 1.32 83%
MSCI EAFE 1.28 76%
MSCI Emg. Mkts. 0.97 64%

Technical Indicators
Recent close $21.14
30d moving avg. $26.33
Annualized volatility 22.0%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.8%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 2,104
Turnover 7.8%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $33,007

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 13.1%


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
(%)
JHMF John Hancock Multifactor Financials ETF 50.9 40 23 10.3 -2.9
IEFN iShares Evolved U.S. Financials ETF 41.2 18 45 11.6 -1.5
VFH Vanguard Financials Index Fund 37.2 10 53 11.2 -1.9
IYF iShares U.S. Financials ETF 37.1 42 21 8.9 -4.2
FNCL Fidelity MSCI Financials Index ETF 36.8 8 55 11.2 -1.9
RYF Invesco S&P 500 Equal Weight Financials ETF 36.2 40 23 11.4 -1.8
XLF Financial Select Sector SPDR Fund 29.5 13 50 10.4 -2.7
AUSF Global X Adaptive U.S. Factor ETF 28.1 27 36 10.0 -3.2
IYG iShares US Financial Services ETF 26.4 42 21 9.4 -3.7
KBE SPDR S&P Bank ETF 26.3 35 28 14.7 +1.6
FTA First Trust Large Cap Value AlphaDEX Fund 25.8 60 3 11.6 -1.5
KIE SPDR S&P Insurance ETF 24.9 35 28 11.2 -1.9
PY Principal Shareholder Yield Index ETF 22.8 29 34 11.9 -1.2
FNK First Trust Mid Cap Value AlphaDEX Fund 22.6 70 -7 14.9 +1.8
IXG iShares Global Financials ETF 21.7 46 17 12.0 -1.2
DON WisdomTree U.S. MidCap Dividend Fund 21.0 38 25 10.4 -2.7
FAB First Trust Multi Cap Value AlphaDEX Fund 20.8 71 -8 12.7 -0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.6 35 28 7.3 -5.8
RPV Invesco S&P 500 Pure Value ETF 20.3 35 28 16.5 +3.4
IAT iShares U.S. Regional Banks ETF 20.3 42 21 14.3 +1.2
KRE SPDR S&P Regional Banking ETF 20.0 35 28 14.9 +1.7
IAK iShares U.S. Insurance ETF 19.9 43 20 11.4 -1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.6 29 34 8.8 -4.3
FEX First Trust Large Cap Core AlphaDEX Fund 19.6 60 3 7.7 -5.4
IWS iShares Russell Mid-Cap Value ETF 19.0 24 39 9.5 -3.6
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 18.6 20 43 10.0 -3.1
KCE SPDR S&P Capital Markets ETF 18.4 35 28 10.6 -2.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.9 17 46 8.6 -4.5
CVY Invesco Zacks Multi-Asset Income ETF 17.7 97 -34 17.5 +4.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.7 20 43 9.1 -4.0
QSY WisdomTree U.S. LargeCap Value Fund 17.6 38 25 9.2 -3.9
EZM WisdomTree U.S. MidCap Earnings Fund 17.5 38 25 13.0 -0.2
VFVA Vanguard U.S. Value Factor ETF 17.5 13 50 15.5 +2.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 17.1 35 28 7.8 -5.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 17.1 9 54 7.8 -5.3
FTXO First Trust Nasdaq Bank ETF 16.9 60 3 14.2 +1.1
MDYV SPDR S&P 400 Mid Cap Value ETF 16.8 15 48 11.4 -1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 16.7 25 38 11.3 -1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 16.7 15 48 11.5 -1.6
PSET Principal Price Setters Index ETF 16.6 29 34 6.8 -6.4
SIZE iShares Edge MSCI USA Size Factor ETF 16.6 15 48 8.0 -5.2
USDY Pacific Global US Equity Income ETF 16.6 29 34 10.2 -2.9
EUSA iShares MSCI USA Equal Weighted ETF 16.5 15 48 8.1 -5.0
IWR iShares Russell Midcap ETF 16.4 19 44 7.7 -5.5
ROUS Hartford Multifactor US Equity ETF 16.4 19 44 9.0 -4.2
JKI iShares Morningstar Mid-Cap Value ETF 16.4 30 33 12.8 -0.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 16.3 25 38 7.4 -5.7
SCHM Schwab U.S. Mid-Cap ETF 16.2 4 59 8.6 -4.6
SPYB SPDR S&P 500 Buyback ETF 16.2 35 28 11.0 -2.1
JHMM John Hancock Multifactor Mid Cap ETF 16.1 44 19 7.9 -5.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.1 15 48 8.6 -4.6
RSP Invesco S&P 500 Equal Weight ETF 16.0 20 43 8.5 -4.7
SLT Salt TruBeta High Exposure ETF 15.9 29 34 11.5 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.8 30 33 7.8 -5.3
SFYX Sofi Next 500 ETF 15.7 0 63 7.7 -5.4
LGLV SPDR Russell 1000 Low Volatility ETF 15.7 12 51 6.8 -6.3
ONEO SPDR Russell 1000 Momentum Focus ETF 15.6 20 43 9.0 -4.1
TUSA First Trust Total US Market AlphaDEX ETF 15.4 70 -7 8.9 -4.3
VEGN US Vegan Climate ETF 15.4 60 3 6.9 -6.3
SPVU Invesco S&P 500 Enhanced Value ETF 15.1 13 50 15.1 +2.0
USMV iShares Edge MSCI Min Vol USA ETF 15.1 15 48 6.7 -6.4
FNX First Trust Mid Cap Core AlphaDEX Fund 15.1 61 2 9.5 -3.6
VONV Vanguard Russell 1000 Value Index Fund 15.1 8 55 9.0 -4.1
STLV iShares Factors US Value Style ETF 15.0 25 38 9.8 -3.3
IWD iShares Russell 1000 Value ETF 14.7 19 44 8.9 -4.2
VLU SPDR S&P 1500 Value Tilt ETF 14.7 12 51 9.3 -3.8
JHML John Hancock Multifactor Large Cap ETF 14.7 34 29 7.2 -5.9
VFLQ Vanguard U.S. Liquidity Factor ETF 14.6 13 50 5.2 -7.9
VOE Vanguard Mid-Cap Value Index Fund 14.6 7 56 10.4 -2.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 14.5 65 -2 4.2 -8.9
ONEY SPDR Russell 1000 Yield Focus ETF 14.3 20 43 11.5 -1.7
MDY SPDR S&P Midcap 400 ETF Trust 14.2 23 40 8.5 -4.7
SPMD SPDR Portfolio Mid Cap ETF 14.2 5 58 8.7 -4.5
IVOO Vanguard S&P Mid-Cap 400 ETF 14.2 10 53 8.6 -4.5
IJH iShares Core S&P Mid-Cap ETF 14.2 6 57 8.6 -4.5
EPS WisdomTree U.S. Earnings 500 Fund 14.0 8 55 8.3 -4.9
IUSV iShares Core S&P U.S. Value ETF 13.9 4 59 9.2 -4.0
CZA Invesco Zacks Mid-Cap ETF 13.9 76 -13 8.8 -4.3
PRF Invesco FTSE RAFI US 1000 ETF 13.8 39 24 8.9 -4.2
VBR Vanguard Small Cap Value Index Fund 13.8 7 56 11.4 -1.8
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 13.8 35 28 11.0 -2.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.7 17 46 8.6 -4.5
RNLC Large Cap US Equity Select ETF 13.7 60 3 7.8 -5.3
QUS SPDR MSCI USA StrategicFactors ETF 13.6 15 48 7.1 -6.0
DIVB iShares U.S. Dividend & Buyback ETF 13.6 25 38 8.5 -4.6
AVUS Avantis U.S. Equity ETF 13.6 15 48 7.8 -5.4
FDMO Fidelity Momentum Factor ETF 13.5 29 34 5.4 -7.8
ETHO Etho Climate Leadership U.S. ETF 13.5 47 16 6.4 -6.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 13.5 29 34 10.0 -3.1
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.5 20 43 9.8 -3.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 13.4 25 38 8.3 -4.8
LSAF LeaderShares AlphaFactor US Core Equity ETF 13.4 75 -12 8.5 -4.6
KBWB Invesco KBW Bank ETF 13.4 35 28 13.4 +0.3
CLRG IQ Chaikin U.S. Large Cap ETF 13.4 25 38 11.0 -2.1
SPXV ProShares S&P 500 Ex-Health Care ETF 13.3 27 36 6.6 -6.5
DTD WisdomTree U.S.Total Dividend Fund 13.3 28 35 8.3 -4.8
AFLG First Trust Active Factor Large Cap ETF 13.3 55 8 7.5 -5.7
MAGA Point Bridge GOP Stock Tracker ETF 13.3 72 -9 9.1 -4.1
AFMC First Trust Active Factor Mid Cap ETF 13.3 65 -2 9.1 -4.0
VOOV Vanguard S&P 500 Value ETF 13.2 15 48 9.0 -4.2

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 11.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 13.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.