First Trust Small Cap Value AlphaDEX Fund
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.1x P/Sales
ratio
0.3x
P/BV
ratio
0.6x Div.
yield
3.4%


  • 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) $31
Currency USD
Expense ratio 72 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 261
Wgt avg mkt cap (mns) $1,183
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 9.0%
Small cap (<$2bn) 91.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GREEN DOT CORP-CLASS A 1.2 %
WEIS MARKETS INC 1.2 %
B&G FOODS INC-CLASS A 1.1 %
EMPLOYERS HOLDINGS INC 1.1 %
MARTEN TRANSPORT LTD 1.1 %
ATLAS AIR WORLDWIDE HOLDINGS 1.0 %
ARCOSA INC 1.0 %
UNITED STATES CELLULAR CORP 0.9 %
WERNER ENTERPRISES INC 0.9 %
ADTALEM GLOBAL EDUCATION INC. 0.9 %
Total 10.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
BERMUDA 0.4 %
CAYMAN ISLANDS 0.4 %
NETHERLANDS 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-42.4% -36.3% -6.8% -- 1.7%

Market Correlations
versus... Beta R-squared
S&P500 1.54 79%
MSCI EAFE 1.49 72%
MSCI Emg. Mkts. 1.12 60%

Technical Indicators
Recent close $20.77
30d moving avg. $26.24
Annualized volatility 26.4%
Short interest (ETF) 0.3%
Short interest (Underlying) 7.4%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 41
Turnover 2.7%
Bid/Ask (% of price) 1.13%
ADV underlying (mns) $4,748

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Small Cap Value AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FYT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FYT Expense: 72 bp ALTAR Score™: 13.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FYT
Ticker Fund
Name
Overlap1
vs FYT
(%)
Expense
ratio
(bp)
Savings
vs FYT
(bp)
ALTAR
Score™
(%)
ALTAR
vs FYT
(%)
FYX First Trust Small Cap Core AlphaDEX Fund 53.4 63 9 9.1 -4.6
EES WisdomTree SmallCap Earnings Fund 36.4 38 34 19.2 +5.6
RNSC Small Cap US Equity Select ETF 34.4 60 12 9.5 -4.2
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 33.8 35 37 11.6 -2.0
TPSC Timothy Plan US Small Cap Core ETF 31.6 52 20 10.9 -2.7
SLYV SPDR S&P 600 Small Cap Value ETF 30.9 15 57 12.2 -1.4
IJS iShares S&P Small-cap 600 Value ETF 30.8 25 47 12.1 -1.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 30.5 15 57 12.2 -1.4
AVUV Avantis U.S. Small Cap Value ETF 29.2 25 47 13.8 +0.2
ROGS Hartford Multifactor Global Small Cap ETF 29.0 34 38 11.7 -1.9
DES WisdomTree U.S. SmallCap Dividend Fund 28.9 38 34 12.7 -0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 27.3 39 33 9.7 -4.0
ISMD Inspire Small/Mid Cap Impact ETF 26.4 61 11 7.6 -6.0
AFSM First Trust Active Factor Small Cap ETF 25.6 75 -3 10.6 -3.0
VTWV Vanguard Russell 2000 Value Index Fund 24.7 15 57 10.5 -3.2
IWN iShares Russell 2000 Value ETF 24.4 24 48 10.3 -3.3
SLY SPDR S&P 600 Small Cap ETF 23.9 15 57 9.5 -4.2
SPSM SPDR Portfolio Small Cap ETF 23.9 5 67 9.6 -4.0
IJR iShares Core S&P Small Cap ETF 23.8 7 65 9.6 -4.1
VIOO Vanguard S&P Small-Cap 600 ETF 23.6 10 62 9.6 -4.1
CSML IQ Chaikin U.S. Small Cap ETF 23.1 35 37 13.4 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 23.0 38 34 13.4 -0.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 22.8 40 32 8.7 -4.9
SQLV Legg Mason Small-Cap Quality Value 21.8 62 10 12.2 -1.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 21.7 39 33 15.9 +2.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.9 25 47 9.6 -4.0
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 20.5 35 37 12.2 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.4 29 43 8.5 -5.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 19.6 35 37 13.2 -0.4
PSC Principal U.S. Small Cap Index ETF 18.7 38 34 11.1 -2.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 18.7 29 43 12.6 -1.0
IUSS Invesco Strategic US Small Company ETF 18.7 23 49 9.0 -4.7
FAB First Trust Multi Cap Value AlphaDEX Fund 18.5 71 1 13.3 -0.4
VUSE Vident Core US Equity Fund 17.9 48 24 11.0 -2.7
JKL iShares Morningstar Small Cap Value ETF 17.6 30 42 14.8 +1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 17.5 39 33 6.4 -7.3
BUY USCF SummerHaven SHPEI Index Fund 17.2 80 -8 18.4 +4.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 16.4 35 37 9.1 -4.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.7 30 42 10.7 -2.9
VTWO Vanguard Russell 2000 Index Fund 15.5 10 62 5.8 -7.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 15.4 20 52 9.7 -3.9
IWM iShares Russell 2000 ETF 15.3 19 53 5.7 -8.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 15.1 39 33 8.7 -5.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.7 24 48 11.1 -2.5
SCAP AdvisorShares Cornerstone Small Cap ETF 14.6 90 -18 8.1 -5.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 14.5 12 60 10.6 -3.0
VBR Vanguard Small Cap Value Index Fund 14.3 7 65 12.0 -1.6
PSCI Invesco S&P SmallCap Industrials ETF 14.0 29 43 9.7 -3.9
PSCF Invesco S&P SmallCap Financials ETF 13.8 29 43 15.1 +1.5
RFV Invesco S&P Midcap 400 Pure Value ETF 13.7 35 37 16.6 +2.9
IJT iShares S&P Small-Cap 600 Growth ETF 12.9 25 47 7.4 -6.2
SLYG SPDR S&P 600 Small Cap Growth ETF 12.9 15 57 7.5 -6.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 12.9 16 56 7.5 -6.1
SCHA Schwab U.S. Small-Cap ETF 12.8 4 68 7.5 -6.2
VAMO Cambria Value & Momentum ETF 12.6 64 8 8.8 -4.9
JKJ iShares Morningstar Small-Cap ETF 12.5 25 47 9.0 -4.6
CALF Pacer US Small Cap Cash Cows 100 ETF 12.3 59 13 18.5 +4.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 12.0 29 43 0.0 -13.6
XSHQ Invesco S&P SmallCap Quality ETF 11.4 29 43 8.0 -5.7
VFVA Vanguard U.S. Value Factor ETF 10.8 13 59 16.5 +2.9
XSLV Invesco S&P SmallCap Low Volatility ETF 10.7 25 47 11.6 -2.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 10.3 6 66 8.0 -5.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 10.2 48 24 8.8 -4.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 10.1 40 32 9.7 -3.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 10.0 17 55 7.3 -6.4
VFMF Vanguard U.S. Multifactor ETF 9.9 18 54 10.9 -2.7
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 9.8 29 43 14.2 +0.6
RWK Invesco S&P MidCap 400 Revenue ETF 9.6 39 33 11.7 -2.0
VALX Validea Market Legends ETF 9.5 79 -7 19.3 +5.7
MDYV SPDR S&P 400 Mid Cap Value ETF 9.4 15 57 12.1 -1.6
IJJ iShares S&P Mid-Cap 400 Value ETF 9.4 25 47 12.0 -1.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.3 15 57 12.2 -1.4
NUSC Nuveen ESG Small-Cap ETF 9.1 40 32 7.6 -6.1
VFQY Vanguard U.S. Quality Factor ETF 9.0 13 59 8.5 -5.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 8.8 60 12 12.8 -0.8
FSMD Fidelity Small-Mid Factor ETF 8.5 29 43 9.9 -3.7
VB Vanguard Small-Cap ETF 8.4 5 67 8.1 -5.5
SMDY Syntax Stratified MidCap ETF 8.1 30 42 9.1 -4.5
JSML Janus Henderson Small Cap Growth Alpha ETF 8.0 35 37 9.5 -4.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 7.8 60 12 13.5 -0.1
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 7.6 35 37 10.9 -2.7
AFMC First Trust Active Factor Mid Cap ETF 7.5 65 7 9.7 -4.0
BUYN USCF SummerHaven SHPEN Index Fund 7.4 80 -8 25.9 +12.2
PXMV Invesco S&P MidCap Value with Momentum ETF 7.2 39 33 13.7 +0.0
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 7.2 30 42 16.9 +3.2
VTWG Vanguard Russell 2000 Growth Index Fund 7.1 15 57 1.8 -11.8
XTN SPDR S&P Transportation ETF 7.0 35 37 10.5 -3.2
IWO iShares Russell 2000 Growth ETF 7.0 24 48 1.6 -12.1
TUSA First Trust Total US Market AlphaDEX ETF 6.8 70 2 9.4 -4.3
VXF Vanguard Extended Market Index Fund 6.7 7 65 5.9 -7.7
XRT SPDR S&P Retail ETF 6.6 35 37 12.3 -1.3
IFRA iShares U.S. Infrastructure ETF 6.5 40 32 7.6 -6.0
SYLD Cambria Shareholder Yield ETF 6.4 59 13 15.3 +1.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 6.4 35 37 9.8 -3.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 6.3 20 52 7.8 -5.8
EZM WisdomTree U.S. MidCap Earnings Fund 6.3 38 34 13.8 +0.2
KRE SPDR S&P Regional Banking ETF 6.3 35 37 15.6 +2.0
BFOR Barron's 400 ETF 5.8 66 6 9.1 -4.5
PAVE Global X U.S. Infrastructure Development ETF 5.7 47 25 8.1 -5.6
PSCT Invesco S&P SmallCap Information Technology ETF 5.5 29 43 7.7 -5.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.2 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 72 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.51
 
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.