First Trust Utilities Alphadex
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.2x P/Sales
ratio
1.6x
P/BV
ratio
1.6x Div.
yield
2.9%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 10, 2007
Assets (mns) $1,283
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 35
Wgt avg mkt cap (mns) $45,215
Large cap (>$10bn) 70.9%
Mid cap ($2-10bn) 29.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GCI LIBERTY, INC. CLASS A 6.2 %
PPL CORPORATION 6.1 %
AT&T INC 5.9 %
VISTRA ENERGY CORP. 5.5 %
NATIONAL FUEL GAS CO 4.8 %
TELEPHONE AND DATA SYSTEMS, INC. 4.6 %
T-MOBILE US, INC. 4.0 %
SOUTHERN CO 3.9 %
SPRINT CORP. 3.9 %
VERIZON COMMUNICATIONS INC 3.8 %
Total 48.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.4 %










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.
12.3% 9.8% 7.2% 11.1% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.32 20%
MSCI EAFE 0.29 13%
MSCI Emg. Mkts. 0.16 7%

Technical Indicators
Recent close $28.99
30d moving avg. $29.18
Annualized volatility 8.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 3.3%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 152
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $5,677

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FXU Expense: 63 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXU
Ticker Fund
Name
Overlap1
vs FXU
(%)
Expense
ratio
(bp)
Savings
vs FXU
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXU
(%)
JHMU John Hancock Multifactor Utilities 50.5 40 23 5.2 -0.1
XLUY Cushing Utility & MLP 44.1 65 -2 4.9 -0.4
RYU Invesco S&P Equal Weight Utilities 43.1 40 23 5.2 -0.1
VPU Vanguard Utilities ETF 42.4 10 53 5.1 -0.1
FUTY Fidelity MSCI Utilities 42.3 8 55 5.2 -0.1
IDU iShares DJ US Utilities 42.3 43 20 4.9 -0.4
XLU Utilities Select Sector SPDR 38.6 13 50 5.3 0.0
JXI iShares S&P Global Utilities 32.5 46 17 5.4 +0.1
PUI Invesco DWA Utilities Momentum 29.2 60 3 4.3 -0.9
LVHD Legg Mason Low Volatility High Dividend ETF 24.5 27 36 6.8 +1.6
DVOL First Trust Dorsey Wright Momentum & Low Volatility 20.7 60 3 4.5 -0.8
SPLV Invesco S&P 500 Low Volatility 20.0 25 38 5.3 +0.0
UTES Reaves Utilities 20.0 49 14 4.3 -1.0
LVHB Elkhorn Lunt Low Vol/High Beta Tactical 20.0 52 11 5.0 -0.3
PEY Invesco High Yield Equity Dividend Acheivers 19.7 53 10 6.9 +1.6
XTL SPDR S&P Telecom 19.3 35 28 5.2 -0.0
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 19.2 35 28 7.8 +2.6
CDL Victory CEMP US Large Cap High Div Volatility Wtd 19.1 35 28 7.8 +2.6
IYZ iShares U.S. Telecommunications 18.9 42 21 8.1 +2.9
DVY iShares Select Dividend 18.7 39 24 8.0 +2.8

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 Utilities Alphadex
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.