First Trust Materials AlphaDEX Fund
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.0x P/Sales
ratio
0.9x
P/BV
ratio
1.6x Div.
yield
3.2%


  • 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 10, 2007
Assets (mns) $71
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 41
Wgt avg mkt cap (mns) $12,607
Large cap (>$10bn) 34.5%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 9.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SCOTTS MIRACLE-GRO CO-CL A 5.2 %
EASTMAN CHEMICAL COMPANY 5.0 %
TIMKEN CO 4.5 %
LYONDELLBASELL INDU-CL A 4.3 %
NEWMONT MINING CORP 4.0 %
NUCOR CORP 3.9 %
STEEL DYNAMICS INC 3.9 %
CABOT CORP 3.7 %
RELIANCE STEEL & ALUMINUM 3.7 %
FASTENAL CO 3.5 %
Total 41.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
BRITAIN 5.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.7% -0.8% 1.9% 6.9% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.32 86%
MSCI EAFE 1.39 81%
MSCI Emg. Mkts. 1.08 74%

Technical Indicators
Recent close $33.59
30d moving avg. $30.93
Annualized volatility 24.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $4,256

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™: 7.8%


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 43.9 40 25 7.1 -0.7
PYZ Invesco DWA Basic Materials Momentum ETF 41.2 60 5 6.3 -1.5
RTM Invesco S&P 500 Equal Weight Materials ETF 39.2 40 25 6.6 -1.2
IYM iShares U.S. Basic Materials ETF 35.4 42 23 5.7 -2.1
VAW Vanguard Materials Index Fund 32.4 10 55 6.4 -1.4
FMAT Fidelity MSCI Materials Index ETF 31.9 8 57 6.4 -1.4
XLB Materials Select Sector SPDR Fund 28.7 13 52 6.1 -1.7
XME SPDR S&P Metals & Mining ETF 21.3 35 30 8.1 +0.3
MXI iShares Global Materials ETF 16.8 46 19 6.4 -1.4
PAVE Global X U.S. Infrastructure Development ETF 14.4 47 18 6.1 -1.7
EQRR ProShares Equities for Rising Rates ETF 13.4 35 30 6.3 -1.5
SLX VanEck Vectors Steel ETF 12.3 56 9 16.8 +9.0
DVP Deep Value ETF 11.2 59 6 17.6 +9.8
PEXL Pacer US Export Leaders ETF 10.5 60 5 6.5 -1.3
COWZ Pacer US Cash Cows 100 ETF 10.0 49 16 10.3 +2.5
JDIV JPMorgan U.S. Dividend ETF 9.8 12 53 8.3 +0.5
TPHD Timothy Plan High Dividend Stock ETF 9.5 52 13 7.4 -0.4
SDOG ALPS Sector Dividend Dogs ETF 9.5 40 25 10.9 +3.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 9.5 19 46 6.4 -1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 9.3 24 41 6.2 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.1 39 26 11.3 +3.5
VOE Vanguard Mid-Cap Value Index Fund 9.1 7 58 8.3 +0.5
NANR SPDR S&P North American Natural Resources ETF 8.6 35 30 3.5 -4.3
GNR SPDR S&P Global Natural Resources ETF 8.4 40 25 6.8 -1.1
SYLD Cambria Shareholder Yield ETF 8.4 59 6 10.0 +2.2
QVAL Alpha Architect U.S. Quantitative Value ETF 8.3 49 16 12.0 +4.2
ONEY SPDR Russell 1000 Yield Focus ETF 8.3 20 45 8.8 +1.0
WBIY WBI Power Factor High Dividend ETF 8.2 70 -5 14.6 +6.8
SOIL Global X Fertilizers/Potash ETF 8.2 69 -4 5.6 -2.3
FOVL iShares Focused Value Factor ETF 8.1 25 40 10.8 +3.0
QSY WisdomTree U.S. LargeCap Value Fund 8.1 38 27 7.0 -0.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 7.9 46 19 6.3 -1.5
IGE iShares North American Natural Resources ETF 7.8 46 19 4.1 -3.7
SLT Salt TruBeta High Exposure ETF 7.5 29 36 7.4 -0.4
GRES IQ Global Resources ETF 7.2 77 -12 7.7 -0.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 7.2 75 -10 5.9 -2.0
NOBL ProShares S&P 500 Dividend Aristocrats ETF 7.2 35 30 6.3 -1.5
PICK iShares MSCI Global Metals & Mining Producers ETF 7.1 39 26 8.1 +0.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 6.9 38 27 8.1 +0.3
SPDV AAM S&P 500 High Dividend Value ETF 6.8 29 36 10.9 +3.1
ESGS Columbia Sustainable U.S. Equity Income ETF 6.7 35 30 9.1 +1.3
FCPI Fidelity Stocks for Inflation ETF 6.7 29 36 7.0 -0.8
VRAI Virtus Real Asset Income ETF 6.7 55 10 11.7 +3.9
IFRA iShares U.S. Infrastructure ETF 6.5 40 25 5.9 -1.9
GBDV Global Beta Smart Income ETF 6.4 29 36 12.3 +4.5
EQAL Invesco Russell 1000 Equal Weight ETF 6.4 20 45 5.3 -2.5
HAP VanEck Vectors Natural Resources ETF 6.3 50 15 6.6 -1.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 6.3 70 -5 5.3 -2.5
FDVV Fidelity Core Dividend ETF 6.2 29 36 7.6 -0.2
GDX VanEck Vectors Gold Miners ETF 6.2 52 13 3.0 -4.8
SGDM Sprott Gold Miners ETF 6.2 50 15 2.4 -5.4
JKI iShares Morningstar Mid-Cap Value ETF 6.0 30 35 10.0 +2.2
FTAG First Trust Indxx Global Agriculture ETF 6.0 70 -5 6.8 -1.0
PEY Invesco High Yield Equity Dividend Achievers ETF 5.9 53 12 9.0 +1.2
CUT Invesco MSCI Global Timber ETF 5.9 55 10 9.6 +1.8
BUYN USCF SummerHaven SHPEN Index Fund 5.9 80 -15 13.8 +6.0
PBW Invesco WilderHill Clean Energy ETF 5.9 70 -5 -4.8 -12.6
VEGI iShares MSCI Global Agriculture Producers ETF 5.8 39 26 6.3 -1.5
PVAL Principal Contrarian Value Index ETF 5.8 29 36 7.8 -0.1
DON WisdomTree U.S. MidCap Dividend Fund 5.7 38 27 8.1 +0.3
NUMV Nuveen ESG Mid-Cap Value ETF 5.7 40 25 9.0 +1.2
ONEO SPDR Russell 1000 Momentum Focus ETF 5.6 20 45 6.8 -1.0
PY Principal Shareholder Yield Index ETF 5.5 29 36 9.7 +1.9
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.5 38 27 9.2 +1.4
IWS iShares Russell Mid-Cap Value ETF 5.4 24 41 7.5 -0.3
MAGA Point Bridge GOP Stock Tracker ETF 5.3 72 -7 6.7 -1.1
SPVU Invesco S&P 500 Enhanced Value ETF 5.3 13 52 11.4 +3.6
FNK First Trust Mid Cap Value AlphaDEX Fund 5.3 70 -5 11.7 +3.9
TOKE Cambria Cannabis ETF 5.2 42 23 -3.5 -11.3
THCX The Cannabis ETF 5.2 70 -5 -10.4 -18.2
EQWM Invesco S&P MidCap Quality ETF 5.1 25 40 5.0 -2.8
WOOD iShares Global Timber & Forestry ETF 5.1 46 19 10.5 +2.7
RPV Invesco S&P 500 Pure Value ETF 4.9 35 30 11.9 +4.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 4.9 35 30 8.7 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.8 17 48 6.7 -1.1
TPLC Timothy Plan US Large Cap Core ETF 4.8 52 13 5.5 -2.3
VO Vanguard Mid-Cap Index Fund 4.8 4 61 5.7 -2.1
YLDE ClearBridge Dividend Strategy ESG ETF 4.7 60 5 5.1 -2.8
FTA First Trust Large Cap Value AlphaDEX Fund 4.7 60 5 9.8 +2.0
EZM WisdomTree U.S. MidCap Earnings Fund 4.7 38 27 9.7 +1.9
SDY SPDR S&P Dividend ETF 4.7 35 30 7.2 -0.6
QDYN FlexShares Quality Dividend Dynamic Index Fund 4.6 37 28 6.9 -0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.6 29 36 7.5 -0.3
DVY iShares Select Dividend ETF 4.6 39 26 8.3 +0.5
COPX Global X Copper Miners ETF 4.5 65 0 7.9 +0.1
FVL First Trust Value Line 100 Exchange-Traded Fund 4.5 70 -5 4.0 -3.8
JMIN JPMorgan U.S. Minimum Volatility ETF 4.5 12 53 5.9 -1.9
FTHI First Trust High Income ETF 4.5 85 -20 5.8 -2.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.4 35 30 4.0 -3.8
RWK Invesco S&P MidCap 400 Revenue ETF 4.4 39 26 8.0 +0.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 4.4 29 36 6.9 -0.9
RFV Invesco S&P Midcap 400 Pure Value ETF 4.4 35 30 10.6 +2.8
CZA Invesco Zacks Mid-Cap ETF 4.3 76 -11 6.4 -1.4
FTRI First Trust Indxx Global Natural Resources Income ETF 4.3 70 -5 11.9 +4.1
DEF Invesco Defensive Equity ETF 4.3 55 10 5.1 -2.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 4.3 20 45 7.2 -0.6
JKL iShares Morningstar Small Cap Value ETF 4.3 30 35 10.4 +2.6
VFVA Vanguard U.S. Value Factor ETF 4.2 13 52 12.1 +4.3
XAR SPDR S&P Aerospace & Defense ETF 4.2 35 30 5.1 -2.7

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 13.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.