First Trust Materials AlphaDEX Fund
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
1.5x
P/BV
ratio
2.6x Div.
yield
2.1%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $154
Currency USD
Expense ratio 65 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 38
Wgt avg mkt cap (mns) $15,829
Large cap (>$10bn) 39.4%
Mid cap ($2-10bn) 60.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HEXCEL CORP 5.8 %
OLIN CORP 5.5 %
TIMKEN CO 5.3 %
STEEL DYNAMICS INC 5.0 %
WESTLAKE CHEMICAL CORP 4.7 %
RELIANCE STEEL & ALUMINUM 4.5 %
SCOTTS MIRACLE-GRO CO-CL A 4.5 %
PLATFORM SPECIALTY PRODUCTS 4.1 %
EASTMAN CHEMICAL COMPANY 3.9 %
CF INDUSTRIES HOLDINGS INC 3.8 %
Total 47.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
BRITAIN 5.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
15.2% 17.7% 10.5% 9.1% 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.28 83%
MSCI EAFE 1.28 81%
MSCI Emg. Mkts. 1.10 76%

Technical Indicators
Recent close $46.11
30d moving avg. $42.59
Annualized volatility 26.4%
Short interest (ETF) 4.4%
Short interest (Underlying) 5.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 43
Turnover 1.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $4,631

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Materials AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FXZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FXZ Expense: 65 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FXZ
Ticker Fund
Name
Overlap1
vs FXZ
(%)
Expense
ratio
(bp)
Savings
vs FXZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs FXZ
(%)
JHMA John Hancock Multifactor Materials ETF 41.1 40 25 5.7 -0.6
RTM Invesco S&P 500 Equal Weight Materials ETF 37.8 40 25 5.1 -1.2
IYM iShares U.S. Basic Materials ETF 35.5 43 22 4.7 -1.6
PYZ Invesco DWA Basic Materials Momentum ETF 35.5 60 5 4.5 -1.8
FMAT Fidelity MSCI Materials Index ETF 31.0 8 57 5.2 -1.1
VAW Vanguard Materials Index Fund 30.9 10 55 5.3 -1.1
XLB Materials Select Sector SPDR Fund 29.5 13 52 5.1 -1.2
FOVL iShares Focused Value Factor ETF 19.4 25 40 8.9 +2.5
XME SPDR S&P Metals & Mining ETF 18.1 35 30 5.3 -1.0
MXI iShares Global Materials ETF 15.5 45 20 5.4 -0.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 15.1 60 5 4.9 -1.4
EQRR ProShares Equities for Rising Rates ETF 14.8 35 30 7.0 +0.6
SLX VanEck Vectors Steel ETF 12.3 56 9 10.9 +4.6
PAVE Global X U.S. Infrastructure Development ETF 10.7 47 18 4.6 -1.7
TPHD Timothy Plan High Dividend Stock ETF 10.6 52 13 5.8 -0.6
JDIV JPMorgan U.S. Dividend ETF 10.5 12 53 7.0 +0.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 10.0 18 47 5.8 -0.5
EQAL Invesco Russell 1000 Equal Weight ETF 9.4 20 45 5.3 -1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 9.1 24 41 5.7 -0.6
NANR SPDR S&P North American Natural Resources ETF 9.0 35 30 3.4 -3.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.7 30 35 8.4 +2.0
ONEY SPDR Russell 1000 Yield Focus ETF 8.5 20 45 7.8 +1.5
SDOG ALPS Sector Dividend Dogs ETF 8.5 40 25 8.8 +2.4
FCPI Fidelity Stocks for Inflation ETF 8.4 29 36 6.2 -0.2
EQWM Invesco S&P MidCap Quality ETF 8.3 25 40 6.0 -0.4
PEXL Pacer US Export Leaders ETF 8.2 60 5 5.5 -0.9
ESGS Columbia Sustainable U.S. Equity Income ETF 8.1 35 30 7.9 +1.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 8.1 46 19 5.5 -0.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 8.0 38 27 7.4 +1.1
GRES IQ Global Resources ETF 8.0 78 -13 6.2 -0.2
GNR SPDR S&P Global Natural Resources ETF 7.9 40 25 5.7 -0.6
SYLD Cambria Shareholder Yield ETF 7.9 59 6 7.5 +1.2
QDIV Global X S&P 500 Quality Dividend ETF 7.5 20 45 6.9 +0.6
IGE iShares North American Natural Resources ETF 7.5 46 19 3.9 -2.4
QSY WisdomTree U.S. LargeCap Value Fund 7.4 38 27 6.0 -0.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 7.4 39 26 9.4 +3.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.4 35 30 5.8 -0.5
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 7.4 75 -10 5.4 -1.0
SPDV AAM S&P 500 High Dividend Value ETF 7.1 29 36 8.9 +2.6
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 7.1 60 5 6.9 +0.6
KLCD KFA Large Cap Quality Dividend Index ETF 7.0 42 23 5.3 -1.0
FTAG First Trust Indxx Global Agriculture ETF 6.9 70 -5 5.5 -0.9
HAP VanEck Vectors Natural Resources ETF 6.9 50 15 5.6 -0.7
DON WisdomTree U.S. MidCap Dividend Fund 6.9 38 27 7.0 +0.6
FDVV Fidelity Core Dividend ETF 6.8 29 36 6.4 +0.1
VEGI iShares MSCI Global Agriculture Producers ETF 6.6 39 26 4.9 -1.4
LSAT Leadershares Alphafactor Tactical Focused ETF 6.6 99 -34 6.3 +0.0
GBDV Global Beta Smart Income ETF 6.5 29 36 9.3 +2.9
VRAI Virtus Real Asset Income ETF 6.5 55 10 11.0 +4.6
COWZ Pacer US Cash Cows 100 ETF 6.5 49 16 10.8 +4.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 6.4 29 36 8.0 +1.7
BUL Pacer US Cash Cows Growth ETF 6.2 60 5 6.5 +0.2
VOE Vanguard Mid-Cap Value Index Fund 6.0 7 58 6.9 +0.6
CZA Invesco Zacks Mid-Cap ETF 6.0 69 -4 5.9 -0.5
PWB Invesco Dynamic Large Cap Growth ETF 5.9 56 9 3.3 -3.1
DVY iShares Select Dividend ETF 5.8 39 26 8.5 +2.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.7 70 -5 3.3 -3.0
WBIY WBI Power Factor High Dividend ETF 5.7 70 -5 9.1 +2.8
IFRA iShares U.S. Infrastructure ETF 5.6 40 25 5.1 -1.3
MAGA Point Bridge GOP Stock Tracker ETF 5.6 72 -7 5.7 -0.6
PEY Invesco High Yield Equity Dividend Achievers ETF 5.6 52 13 8.7 +2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 5.6 39 26 6.2 -0.1
QVAL Alpha Architect U.S. Quantitative Value ETF 5.5 49 16 10.6 +4.3
PBW Invesco WilderHill Clean Energy ETF 5.5 70 -5 -2.0 -8.3
EZM WisdomTree U.S. MidCap Earnings Fund 5.5 38 27 7.7 +1.3
PY Principal Shareholder Yield Index ETF 5.5 15 50 8.3 +2.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.4 37 28 5.7 -0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 5.3 12 53 5.4 -1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.3 35 30 8.0 +1.7
PXMV Invesco S&P MidCap Value with Momentum ETF 5.1 39 26 8.7 +2.4
FNK First Trust Mid Cap Value AlphaDEX Fund 5.1 70 -5 8.5 +2.2
SPYD SPDR S&P 500 High Dividend ETF 5.1 7 58 9.7 +3.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.1 38 27 7.4 +1.1
NUMV Nuveen ESG Mid-Cap Value ETF 5.0 40 25 6.5 +0.2
GDX VanEck Vectors Gold Miners ETF 5.0 52 13 3.4 -2.9
SGDM Sprott Gold Miners ETF 5.0 50 15 3.4 -3.0
JKI iShares Morningstar Mid-Cap Value ETF 4.9 30 35 8.1 +1.8
HLAL Wahed FTSE USA Shariah ETF 4.7 50 15 4.2 -2.2
JKL iShares Morningstar Small Cap Value ETF 4.7 30 35 8.5 +2.2
TPLC Timothy Plan US Large Cap Core ETF 4.7 52 13 4.8 -1.6
FTLB First Trust Hedged BuyWrite Income ETF 4.7 85 -20 7.0 +0.7
FTHI First Trust High Income ETF 4.6 85 -20 7.0 +0.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.6 35 30 3.8 -2.5
ANEW ProShares MSCI Transformational Changes ETF 4.5 45 20 2.7 -3.7
XKFF SPDR Kensho Final Frontiers ETF 4.5 45 20 5.4 -1.0
FTRI First Trust Indxx Global Natural Resources Income ETF 4.5 70 -5 8.1 +1.8
ONEO SPDR Russell 1000 Momentum Focus ETF 4.5 20 45 6.0 -0.3
DVLU First Trust Dorsey Wright Momentum & Value ETF 4.4 60 5 9.5 +3.1
MOO VanEck Vectors Agribusiness ETF 4.3 56 9 4.9 -1.4
CUT Invesco MSCI Global Timber ETF 4.3 61 4 7.8 +1.5
IWS iShares Russell Mid-Cap Value ETF 4.3 24 41 6.4 +0.1
TOKE Cambria Cannabis ETF 4.3 42 23 -0.0 -6.4
YLDE ClearBridge Dividend Strategy ESG ETF 4.3 60 5 4.5 -1.9
RWK Invesco S&P MidCap 400 Revenue ETF 4.3 39 26 6.9 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 4.3 29 36 6.3 -0.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.3 20 45 6.5 +0.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 4.2 35 30 8.0 +1.7
REVS Columbia Research Enhanced Value ETF 4.2 19 46 7.4 +1.0
FUNL CornerCap Fundametrics Large-Cap ETF 4.2 50 15 7.4 +1.1

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.6 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.50
 
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.