First Trust Financials AlphaDEX Fund
ALTAR
Score™
12.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.1x P/Sales
ratio
1.4x
P/BV
ratio
0.8x Div.
yield
3.7%


  • 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) $498
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 106
Wgt avg mkt cap (mns) $19,621
Large cap (>$10bn) 40.6%
Mid cap ($2-10bn) 58.6%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FIRST CITIZENS BCSHS -CL A 2.1 %
STERLING BANCORP 1.8 %
INVESCO LTD 1.8 %
ASSURED GUARANTY LTD 1.8 %
ONEMAIN HOLDINGS, INC. 1.7 %
MGIC INVESTMENT CORP 1.7 %
BRIGHTHOUSE FINANCIAL, INC. 1.6 %
UNUM GROUP 1.6 %
FNB CORP 1.6 %
POPULAR INC 1.6 %
Total 17.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
BERMUDA 4.4 %
PUERTO RICO 1.6 %








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.
-22.1% -17.4% 4.7% 8.7% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 83%
MSCI EAFE 1.31 81%
MSCI Emg. Mkts. 0.96 68%

Technical Indicators
Recent close $27.22
30d moving avg. $26.68
Annualized volatility 23.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 129
Turnover 0.7%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $14,281

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 12.1%


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
(%)
RYF Invesco S&P 500 Equal Weight Financials ETF 40.0 40 23 9.7 -2.4
KBE SPDR S&P Bank ETF 39.1 35 28 10.6 -1.6
JHMF John Hancock Multifactor Financials ETF 37.5 40 23 7.8 -4.4
IEFN iShares Evolved U.S. Financials ETF 34.8 18 45 9.3 -2.9
FNCL Fidelity MSCI Financials Index ETF 30.6 8 55 8.8 -3.4
KRE SPDR S&P Regional Banking ETF 29.7 35 28 10.1 -2.0
VFH Vanguard Financials Index Fund 29.0 10 53 8.8 -3.3
KIE SPDR S&P Insurance ETF 27.9 35 28 10.3 -1.8
IAT iShares U.S. Regional Banks ETF 26.2 42 21 10.4 -1.7
XLF Financial Select Sector SPDR Fund 25.1 13 50 8.3 -3.9
FNK First Trust Mid Cap Value AlphaDEX Fund 25.1 70 -7 10.8 -1.3
AUSF Global X Adaptive U.S. Factor ETF 24.5 27 36 9.3 -2.8
IYF iShares U.S. Financials ETF 24.4 42 21 7.0 -5.1
FTXO First Trust Nasdaq Bank ETF 23.2 60 3 9.0 -3.1
PY Principal Shareholder Yield Index ETF 22.9 15 48 9.4 -2.8
FOVL iShares Focused Value Factor ETF 22.4 25 38 10.1 -2.0
IYG iShares US Financial Services ETF 22.3 42 21 7.1 -5.1
KBWR Invesco KBW Regional Banking ETF 22.1 35 28 10.7 -1.4
IJJ iShares S&P Mid-Cap 400 Value ETF 21.3 25 38 8.3 -3.9
KCE SPDR S&P Capital Markets ETF 20.4 35 28 9.1 -3.0
RPV Invesco S&P 500 Pure Value ETF 20.3 35 28 10.9 -1.3
CVY Invesco Zacks Multi-Asset Income ETF 19.4 94 -31 10.5 -1.6
FTA First Trust Large Cap Value AlphaDEX Fund 19.4 60 3 9.2 -3.0
FAB First Trust Multi Cap Value AlphaDEX Fund 19.2 71 -8 9.6 -2.5
KBWB Invesco KBW Bank ETF 19.0 35 28 10.2 -1.9
IAK iShares U.S. Insurance ETF 18.7 42 21 9.6 -2.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 18.1 29 34 9.4 -2.7
IXG iShares Global Financials ETF 17.9 46 17 10.2 -1.9
RDVY First Trust Rising Dividend Achievers ETF 17.8 50 13 7.9 -4.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 17.5 35 28 8.8 -3.3
SPVU Invesco S&P 500 Enhanced Value ETF 17.5 13 50 11.8 -0.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 17.2 60 3 7.9 -4.2
ESGS Columbia Sustainable U.S. Equity Income ETF 16.3 35 28 8.8 -3.3
SPYD SPDR S&P 500 High Dividend ETF 16.0 7 56 11.3 -0.9
SPVM Invesco S&P 500 Value with Momentum ETF 16.0 39 24 8.9 -3.3
DON WisdomTree U.S. MidCap Dividend Fund 15.6 38 25 7.6 -4.5
SPHB Invesco S&P 500 High Beta ETF 15.2 25 38 8.8 -3.3
FUNL CornerCap Fundametrics Large-Cap ETF 14.9 50 13 8.3 -3.8
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 14.8 35 28 8.9 -3.2
STLV iShares Factors US Value Style ETF 14.6 25 38 7.3 -4.8
FNX First Trust Mid Cap Core AlphaDEX Fund 14.2 61 2 6.4 -5.7
VFVA Vanguard U.S. Value Factor ETF 13.8 14 49 11.0 -1.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 13.8 29 34 6.8 -5.3
EZM WisdomTree U.S. MidCap Earnings Fund 13.7 38 25 8.7 -3.4
WBIY WBI Power Factor High Dividend ETF 13.6 70 -7 11.3 -0.8
SPGP Invesco S&P 500 GARP ETF 13.6 34 29 6.8 -5.3
DVY iShares Select Dividend ETF 13.6 39 24 9.4 -2.7
QSY WisdomTree U.S. LargeCap Value Fund 13.4 38 25 6.7 -5.4
JKL iShares Morningstar Small Cap Value ETF 12.9 30 33 10.0 -2.1
PWV Invesco Dynamic Large Cap Value ETF 12.6 56 7 8.4 -3.7
MAGA Point Bridge GOP Stock Tracker ETF 12.5 72 -9 6.5 -5.6
MDYV SPDR S&P 400 Mid Cap Value ETF 12.4 15 48 8.4 -3.7
QDIV Global X S&P 500 Quality Dividend ETF 12.1 20 43 7.7 -4.4
FEX First Trust Large Cap Core AlphaDEX Fund 12.1 60 3 5.8 -6.3
ONEY SPDR Russell 1000 Yield Focus ETF 12.0 20 43 9.0 -3.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 11.9 39 24 10.8 -1.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 11.8 20 43 9.2 -2.9
DGRO iShares Core Dividend Growth ETF 11.6 8 55 6.7 -5.4
PKW Invesco Buyback Achievers ETF 11.5 62 1 6.9 -5.2
KBWP Invesco KBW Property & Casualty Insurance ETF 11.5 35 28 7.3 -4.8
GBDV Global Beta Smart Income ETF 11.5 29 34 10.3 -1.8
TUSA First Trust Total US Market AlphaDEX ETF 11.4 70 -7 5.7 -6.5
SCHD Schwab U.S. Dividend Equity ETF 11.4 6 57 8.0 -4.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.1 15 48 8.3 -3.8
KLCD KFA Large Cap Quality Dividend Index ETF 11.0 42 21 5.5 -6.7
DIVB iShares U.S. Dividend & Buyback ETF 11.0 25 38 6.9 -5.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 10.9 20 43 6.9 -5.3
JVAL JPMorgan U.S. Value Factor ETF 10.7 12 51 8.4 -3.7
VLU SPDR S&P 1500 Value Tilt ETF 10.6 12 51 7.3 -4.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 10.5 15 48 6.7 -5.4
FDL First Trust Morningstar Dividend Leaders Index Fund 10.4 45 18 10.4 -1.7
RAFE PIMCO RAFI ESG U.S. ETF 10.3 29 34 7.7 -4.4
RFV Invesco S&P Midcap 400 Pure Value ETF 10.3 35 28 9.4 -2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 10.3 29 34 7.5 -4.6
STMB iShares Factors US Mid Blend Style ETF 10.2 30 33 5.6 -6.5
ETHO Etho Climate Leadership U.S. ETF 10.2 47 16 4.3 -7.8
VYM Vanguard High Dividend Yield Index ETF 10.1 6 57 7.5 -4.6
JKI iShares Morningstar Mid-Cap Value ETF 10.0 30 33 8.9 -3.2
PXMV Invesco S&P MidCap Value with Momentum ETF 10.0 39 24 9.6 -2.5
SIZE iShares MSCI USA Size Factor ETF 9.9 15 48 6.0 -6.1
USDY Pacific Global US Equity Income ETF 9.9 29 34 7.0 -5.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 9.9 60 3 9.9 -2.2
IUSV iShares Core S&P U.S. Value ETF 9.8 4 59 7.5 -4.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 9.8 35 28 5.7 -6.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 9.8 35 28 5.7 -6.4
EUSA iShares MSCI USA Equal Weighted ETF 9.8 15 48 6.1 -6.0
VOOV Vanguard S&P 500 Value ETF 9.7 10 53 7.3 -4.8
SDY SPDR S&P Dividend ETF 9.6 35 28 7.1 -5.0
VFLQ Vanguard U.S. Liquidity Factor ETF 9.6 14 49 4.2 -7.9
SCIU Global X Scientific Beta US ETF 9.6 19 44 0.0 -12.1
PEY Invesco High Yield Equity Dividend Achievers ETF 9.6 52 11 9.7 -2.5
VBR Vanguard Small Cap Value Index Fund 9.5 7 56 8.0 -4.1
REVS Columbia Research Enhanced Value ETF 9.5 19 44 7.8 -4.3
KBWD Invesco KBW High Dividend Yield Financial ETF 9.5 158 -95 13.1 +0.9
IWD iShares Russell 1000 Value ETF 9.5 19 44 6.9 -5.2
VONV Vanguard Russell 1000 Value Index Fund 9.4 8 55 7.0 -5.1
IWS iShares Russell Mid-Cap Value ETF 9.4 24 39 6.9 -5.2
SPYV SPDR Portfolio S&P 500 Value ETF 9.4 4 59 7.4 -4.8
IVE iShares S&P 500 Value ETF 9.4 18 45 7.2 -4.9

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 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 10.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 12.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.