First Trust Small Cap Growth AlphaDEX
ALTAR
Score™
2.8% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
26.7x P/Sales
ratio
1.5x
P/BV
ratio
2.7x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Small Cap Value AlphaDEX Fund seeks investment results that correspond to the Defined Small Cap Value Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Apr 19, 2011
Assets (mns) $235
Currency USD
Expense ratio 70 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 262
Wgt avg mkt cap (mns) $1,699
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.8%
Small cap (<$2bn) 67.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CROCS INC 0.8 %
ATKORE INTERNATIONAL GROUP INC. 0.8 %
NEVRO CORP 0.8 %
INSTALLED BUILDING PRODUCTS 0.8 %
FORMFACTOR INC 0.7 %
INPHI CORP 0.7 %
SPX CORP 0.7 %
BOOT BARN HOLDINGS, INC. 0.7 %
DIODES INC 0.7 %
TAL INTERNATIONAL GROUP INC 0.7 %
Total 7.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
BERMUDA 1.3 %
PUERTO RICO 1.1 %
CAYMAN ISLANDS 0.2 %







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.
11.5% -1.1% 9.0% -- 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.21 67%
MSCI EAFE 0.85 28%
MSCI Emg. Mkts. 0.50 16%

Technical Indicators
Recent close $45.14
30d moving avg. $44.20
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 39
Turnover 0.8%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $4,024

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FYC Expense: 70 bp ALTAR Score™: 2.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FYC
Ticker Fund
Name
Overlap1
vs FYC
(%)
Expense
ratio
(bp)
Savings
vs FYC
(bp)
ALTAR
Score™
(%)
ALTAR
vs FYC
(%)
FYX First Trust Small Cap Core Alphadex 39.0 66 4 5.7 +3.0
RNSC Small Cap US Equity Select 28.7 60 10 6.3 +3.5
DWAS Invesco DWA Smallcap Technology 27.7 60 10 0.4 -2.4
PSC Principal U.S. Small Cap Index 26.2 38 32 6.3 +3.5
SLYG SPDR S&P600 Small Cap Growth 26.1 15 55 4.7 +2.0
IJT iShares S&P 600 SmallCap Growth 26.1 25 45 4.6 +1.8
VIOG Vanguard S&P Small-Cap 600 Growth 25.2 20 50 4.6 +1.8
CSF Compass EMP US Discovery 500 Enhanced Vol. 25.0 35 35 7.3 +4.5
PXSG Invesco Fundamental Pure Small Growth 24.8 39 31 4.7 +2.0
IWO iShares Russell 2000 Growth 24.2 24 46 0.9 -1.9
SLY SPDR S&P 600 Small Cap 23.8 15 55 6.2 +3.4
IJR iShares Core S&P Small-Cap 23.7 7 63 6.2 +3.4
VTWG Vanguard Russell 2000 Growth 23.4 20 50 0.9 -1.9
CSA Victory CEMP US Small Cap Volatility Wtd 23.1 35 35 7.2 +4.5
VIOO Vanguard S&P Small-Cap 600 22.9 15 55 6.0 +3.2
FAD First Trust Multi Cap Growth 20.2 69 1 3.4 +0.7
DESC Xtrackers Russell 2000 Comprehensive Factor 19.4 30 40 6.5 +3.7
EWSC Invesco S&P Small Cap 600 Equal Weight 19.3 40 30 5.7 +3.0
DES WisdomTree Smallcap Dividend 19.0 38 32 7.3 +4.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 19.0 20 50 5.9 +3.1

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

  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 Small Cap Growth AlphaDEX
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.