First Trust Utilities AlphaDEX Fund
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
17.3x P/Sales
ratio
1.5x
P/BV
ratio
1.3x Div.
yield
3.4%


  • 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) $864
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) $37,744
Large cap (>$10bn) 66.8%
Mid cap ($2-10bn) 29.0%
Small cap (<$2bn) 4.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SPRINT CORP. 7.3 %
EXELON CORP 5.2 %
GCI LIBERTY, INC. CLASS A 5.0 %
NATIONAL FUEL GAS CO 4.8 %
T-MOBILE US, INC. 4.8 %
VISTRA ENERGY CORP. 4.7 %
AT&T INC 4.5 %
TELEPHONE AND DATA SYSTEMS, INC. 4.3 %
SOUTHERN CO 4.0 %
DUKE ENERGY CORP 4.0 %
Total 48.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.3% 1.1% 5.8% 9.9% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.37 28%
MSCI EAFE 0.32 18%
MSCI Emg. Mkts. 0.18 9%

Technical Indicators
Recent close $25.18
30d moving avg. $27.25
Annualized volatility 9.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.3%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 197
Turnover 0.6%
Bid/Ask (% of price) -0.02%
ADV underlying (mns) $8,394

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Utilities AlphaDEX Fund 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™: 6.1%


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 ETF 52.5 40 23 6.1 -0.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 48.9 40 23 6.0 -0.1
IDU iShares U.S. Utilities ETF 44.9 43 20 5.6 -0.5
FUTY Fidelity MSCI Utilities Index ETF 44.4 8 55 5.8 -0.3
XLU Utilities Select Sector SPDR Fund 43.1 13 50 5.9 -0.2
VPU Vanguard Utilities Index Fund 41.5 10 53 5.8 -0.3
JXI iShares Global Utilities ETF 34.9 46 17 6.2 +0.1
LVHD Legg Mason Low Volatility High Dividend ETF 30.1 27 36 8.2 +2.1
PUI Invesco DWA Utilities Momentum ETF 29.0 60 3 4.7 -1.4
SPLV Invesco S&P 500 Low Volatility ETF 24.8 25 38 6.2 +0.1
DVY iShares Select Dividend ETF 24.6 39 24 10.3 +4.1
IFRA iShares U.S. Infrastructure ETF 23.4 40 23 7.3 +1.2
XTL SPDR S&P Telecom ETF 22.0 35 28 5.8 -0.4
EMLP First Trust North American Energy Infrastructure Fund 21.9 95 -32 7.4 +1.3
GII SPDR S&P Global Infrastructure ETF 21.6 40 23 6.4 +0.3
IGF iShares Global Infrastructure ETF 21.5 46 17 6.4 +0.3
PEY Invesco High Yield Equity Dividend Achievers ETF 21.5 53 10 9.4 +3.3
UTES Virtus Reaves Utilities ETF 21.5 49 14 5.1 -1.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 20.4 60 3 5.7 -0.4
JDIV JPMorgan U.S. Dividend ETF 20.2 12 51 10.2 +4.1
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 19.2 35 28 10.8 +4.7
TPHD Timothy Plan High Dividend Stock ETF 18.9 52 11 8.9 +2.8
DHS WisdomTree U.S. High Dividend Fund 18.6 38 25 10.0 +3.9
NLR VanEck Vectors Uranium+Nuclear Energy ETF 17.6 60 3 9.8 +3.7
IYZ iShares U.S. Telecommunications ETF 17.6 42 21 9.0 +2.9
ECLN First Trust EIP Carbon Impact ETF 17.5 95 -32 4.1 -2.0
JMIN JPMorgan U.S. Minimum Volatility ETF 17.4 12 51 6.8 +0.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 17.1 30 33 11.0 +4.9
INFR Legg Mason Global Infrastructure ETF 16.8 40 23 6.9 +0.8
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 16.7 60 3 8.9 +2.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 15.5 47 16 7.5 +1.4
ACSI American Customer Satisfaction Core Alpha ETF 15.5 66 -3 7.0 +0.9
LSLT Salt Low truBeta US Market ETF 15.1 0 63 8.1 +2.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.8 15 48 8.3 +2.2
HDV iShares Core High Dividend ETF 14.7 8 55 8.1 +2.0
FMK First Trust Mega Cap AlphaDEX Fund 14.7 70 -7 6.8 +0.7
RBUS Nationwide Risk-Based U.S. Equity ETF 14.5 30 33 6.8 +0.7
FVD First Trust Value Line Dividend Index Fund 14.2 70 -7 7.6 +1.5
PMOM Principal Sustainable Momentum Index ETF 13.7 29 34 6.5 +0.3
FTA First Trust Large Cap Value AlphaDEX Fund 13.6 60 3 11.5 +5.4
SCIU Global X Scientific Beta US ETF 13.6 19 44 7.1 +1.0
DIV Global X SuperDividend US ETF 13.3 45 18 14.3 +8.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 13.0 38 25 9.7 +3.6
FDL First Trust Morningstar Dividend Leaders Index Fund 12.8 45 18 10.7 +4.6
PWV Invesco Dynamic Large Cap Value ETF 12.8 55 8 10.1 +4.0
JKF iShares Morningstar Large Cap Value ETF 12.7 25 38 9.3 +3.2
JKI iShares Morningstar Mid-Cap Value ETF 12.4 30 33 12.3 +6.1
GBDV Global Beta Smart Income ETF 12.4 29 34 13.9 +7.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 12.3 29 34 8.2 +2.1
SDOG ALPS Sector Dividend Dogs ETF 12.3 40 23 13.2 +7.1
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 12.2 40 23 8.4 +2.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.1 39 24 14.2 +8.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.1 15 48 5.3 -0.8
JHCS John Hancock Multifactor Media & Communications ETF 11.8 40 23 7.2 +1.1
LRGF iShares Edge MSCI Multifactor USA ETF 11.7 20 43 8.6 +2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.6 19 44 7.9 +1.8
REVS Columbia Research Enhanced Value ETF 11.6 19 44 9.4 +3.3
FCOM Fidelity MSCI Telecommunication Services Index ETF 11.5 8 55 6.6 +0.4
VYM Vanguard High Dividend Yield Index ETF 11.5 6 57 8.6 +2.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 11.5 52 11 7.5 +1.4
IWS iShares Russell Mid-Cap Value ETF 11.4 24 39 9.3 +3.2
VOE Vanguard Mid-Cap Value Index Fund 11.3 7 56 10.0 +3.9
XLC The Communication Services Select Sector SPDR Fund 11.2 13 50 7.4 +1.3
GLIF AGFiQ Global Infrastructure ETF 11.2 45 18 5.8 -0.3
VALQ American Century STOXX U.S. Quality Value ETF 11.1 29 34 10.8 +4.7
VOX Vanguard Telecommunication Services Index Fund 11.0 10 53 6.4 +0.3
VETS Pacer Military Times Best Employers ETF 11.0 60 3 7.8 +1.7
DEW WisdomTree Global High Dividend Fund 10.9 58 5 11.2 +5.1
IVE iShares S&P 500 Value ETF 10.5 18 45 8.7 +2.6
SPYV SPDR Portfolio S&P 500 Value ETF 10.4 4 59 8.8 +2.7
USMV iShares Edge MSCI Min Vol USA ETF 10.4 15 48 6.5 +0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 10.2 24 39 7.9 +1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 10.1 28 35 7.7 +1.6
QDEF FlexShares Quality Dividend Defensive Index Fund 10.1 37 26 7.6 +1.5
PFM Invesco Dividend Achievers ETF 10.1 54 9 6.2 +0.1
IUSV iShares Core S&P U.S. Value ETF 10.1 4 59 9.0 +2.9
QLV FlexShares US Quality Low Volatility Index Fund 10.0 22 41 6.1 -0.0
SPYD SPDR S&P 500 High Dividend ETF 9.9 7 56 13.2 +7.1
VOOV Vanguard S&P 500 Value ETF 9.8 15 48 8.8 +2.7
IWD iShares Russell 1000 Value ETF 9.8 19 44 8.7 +2.6
SPDV AAM S&P 500 High Dividend Value ETF 9.8 29 34 13.6 +7.5
SPMV Invesco S&P 500 Minimum Variance ETF 9.5 10 53 7.0 +0.9
SCHV Schwab U.S. Large-Cap Value ETF 9.4 4 59 8.6 +2.5
DTD WisdomTree U.S.Total Dividend Fund 9.4 28 35 8.2 +2.1
VONV Vanguard Russell 1000 Value Index Fund 9.3 8 55 8.9 +2.8
KLCD KFA Large Cap Quality Dividend Index ETF 9.2 41 22 6.3 +0.2
VTV Vanguard Value Index Fund 9.1 4 59 8.8 +2.7
OUSA O'Shares FTSE US Quality Dividend ETF 9.0 48 15 6.8 +0.7
QDF FlexShares Quality Dividend Index Fund 9.0 37 26 8.5 +2.4
IWX iShares Russell Top 200 Value ETF 8.9 20 43 8.4 +2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 8.9 30 33 7.6 +1.5
DEF Invesco Defensive Equity ETF 8.8 55 8 6.1 -0.1
TPLC Timothy Plan US Large Cap Core ETF 8.7 52 11 6.9 +0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 8.7 35 28 7.1 +1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.6 46 17 6.4 +0.3
EQAL Invesco Russell 1000 Equal Weight ETF 8.5 20 43 7.3 +1.2
STLV iShares Factors US Value Style ETF 8.5 25 38 9.5 +3.4
SDY SPDR S&P Dividend ETF 8.5 35 28 7.7 +1.6
IXP iShares Global Comm Services ETF 8.4 46 17 7.3 +1.2
SYV SPDR MFS Systematic Value Equity ETF 8.3 60 3 9.3 +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%.

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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 Utilities AlphaDEX Fund
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 8.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.52
 
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.