First Trust Small Cap Value AlphaDEX Fund
ALTAR
Score™
9.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
1.0x
P/BV
ratio
1.1x Div.
yield
2.6%


  • 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) $111
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 262
Wgt avg mkt cap (mns) $1,984
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 44.8%
Small cap (<$2bn) 54.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STERLING BANCORP 0.8 %
WALKER & DUNLOP INC 0.8 %
HOSPITALITY PROPERTIES TRUST 0.8 %
DIAMONDROCK HOSPITALITY CO 0.8 %
MACERICH CO/THE 0.8 %
SKYWEST INC 0.7 %
SINCLAIR BROADCAST GROUP-A 0.7 %
ASSURED GUARANTY LTD 0.7 %
DDR CORP 0.7 %
GRANITE CONSTRUCTION INC 0.7 %
Total 7.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 1.3 %
PUERTO RICO 0.6 %








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.
1.0% 7.2% 7.0% -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.59 83%
MSCI EAFE 1.55 76%
MSCI Emg. Mkts. 1.31 70%

Technical Indicators
Recent close $39.50
30d moving avg. $36.10
Annualized volatility 32.8%
Short interest (ETF) 1.4%
Short interest (Underlying) 7.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 62
Turnover 2.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $4,292

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.2%


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 56.4 63 9 6.5 -2.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 37.5 35 37 6.9 -2.3
TPSC Timothy Plan US Small Cap Core ETF 37.5 52 20 6.6 -2.6
RNSC Small Cap US Equity Select ETF 37.4 60 12 6.8 -2.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 31.7 35 37 6.9 -2.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 29.3 15 57 8.0 -1.2
DES WisdomTree U.S. SmallCap Dividend Fund 29.0 38 34 7.5 -1.7
SLYV SPDR S&P 600 Small Cap Value ETF 29.0 15 57 8.0 -1.2
IJS iShares S&P Small-cap 600 Value ETF 28.5 25 47 7.8 -1.4
IWN iShares Russell 2000 Value ETF 27.7 24 48 5.8 -3.4
AVUV Avantis U.S. Small Cap Value ETF 26.9 25 47 7.3 -1.9
EES WisdomTree SmallCap Earnings Fund 25.7 38 34 8.9 -0.3
ISMD Inspire Small/Mid Cap Impact ETF 25.3 60 12 4.4 -4.8
ROGS Hartford Multifactor Global Small Cap ETF 25.1 34 38 7.6 -1.6
PSC Principal U.S. Small Cap Index ETF 24.3 38 34 5.1 -4.1
SLY SPDR S&P 600 Small Cap ETF 23.9 15 57 6.4 -2.8
SPSM SPDR Portfolio Small Cap ETF 23.9 5 67 6.5 -2.7
IJR iShares Core S&P Small Cap ETF 23.6 6 66 6.5 -2.7
VIOO Vanguard S&P Small-Cap 600 ETF 23.5 10 62 6.5 -2.7
VTWV Vanguard Russell 2000 Value Index Fund 22.9 15 57 5.9 -3.3
PSCF Invesco S&P SmallCap Financials ETF 21.7 29 43 9.9 +0.7
CSML IQ Chaikin U.S. Small Cap ETF 21.5 35 37 3.3 -5.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 21.5 35 37 8.2 -1.0
FAB First Trust Multi Cap Value AlphaDEX Fund 21.2 71 1 8.3 -0.9
SQLV Legg Mason Small-Cap Quality Value 20.4 62 10 5.4 -3.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.2 40 32 5.7 -3.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.1 25 47 5.7 -3.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.1 12 60 6.7 -2.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 19.6 39 33 5.7 -3.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 19.5 29 43 5.5 -3.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 18.6 39 33 8.3 -0.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 18.4 30 42 7.1 -2.1
AFSM First Trust Active Factor Small Cap ETF 18.3 75 -3 5.2 -4.0
QABA First Trust NASDAQ ABA Community Bank Index Fund 18.2 60 12 8.7 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 18.0 29 43 4.6 -4.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 17.2 38 34 7.4 -1.7
KRE SPDR S&P Regional Banking ETF 17.2 35 37 8.6 -0.6
IWM iShares Russell 2000 ETF 16.6 19 53 3.0 -6.2
VTWO Vanguard Russell 2000 Index Fund 16.4 10 62 3.1 -6.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 16.1 39 33 4.0 -5.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.1 20 52 4.4 -4.8
JKL iShares Morningstar Small Cap Value ETF 15.9 30 42 8.5 -0.7
SSLY Syntax Stratified SmallCap ETF 15.9 30 42 5.5 -3.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.6 24 48 5.7 -3.5
IUSS Invesco Strategic US Small Company ETF 15.4 23 49 4.4 -4.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 15.3 16 56 5.1 -4.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.3 40 32 6.3 -2.9
DEEP Roundhill Acquirers Deep Value ETF 15.1 80 -8 8.6 -0.6
VBR Vanguard Small Cap Value Index Fund 14.7 7 65 7.2 -2.0
KBE SPDR S&P Bank ETF 14.7 35 37 9.1 -0.1
SCHA Schwab U.S. Small-Cap ETF 14.6 4 68 4.3 -4.9
STSB iShares Factors US Small Blend Style ETF 14.1 35 37 3.3 -5.9
MDYV SPDR S&P 400 Mid Cap Value ETF 13.4 15 57 7.4 -1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 13.4 25 47 7.3 -1.9
SLYG SPDR S&P 600 Small Cap Growth ETF 13.4 15 57 5.1 -4.1
IJT iShares S&P Small-Cap 600 Growth ETF 13.4 25 47 5.0 -4.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.3 35 37 5.5 -3.6
KBWR Invesco KBW Regional Banking ETF 12.6 35 37 9.0 -0.2
RFV Invesco S&P Midcap 400 Pure Value ETF 12.3 35 37 7.9 -1.3
EZM WisdomTree U.S. MidCap Earnings Fund 11.9 38 34 7.7 -1.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 11.8 15 57 7.4 -1.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 11.8 17 55 4.4 -4.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 11.8 6 66 4.6 -4.6
VUSE Vident Core US Equity Fund 11.8 48 24 8.2 -1.0
JKJ iShares Morningstar Small-Cap ETF 11.4 25 47 5.8 -3.4
NUSC Nuveen ESG Small-Cap ETF 11.0 40 32 4.4 -4.8
SMDY Syntax Stratified MidCap ETF 11.0 30 42 6.0 -3.2
RWK Invesco S&P MidCap 400 Revenue ETF 10.9 39 33 6.9 -2.3
RZV Invesco S&P Smallcap 600 Pure Value ETF 10.6 35 37 6.8 -2.4
BKSE BNY Mellon US Small Cap Core Equity ETF 10.5 4 68 5.2 -3.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 10.1 20 52 7.4 -1.8
XSHQ Invesco S&P SmallCap Quality ETF 10.0 29 43 6.2 -3.0
FSMD Fidelity Small-Mid Factor ETF 9.8 29 43 5.9 -3.3
ROOF IQ US Real Estate Small Cap ETF 9.7 70 2 9.6 +0.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 9.6 29 43 -0.3 -9.4
VFQY Vanguard U.S. Quality Factor ETF 9.1 13 59 5.8 -3.4
CALF Pacer US Small Cap Cash Cows 100 ETF 9.1 59 13 8.4 -0.8
VFMF Vanguard U.S. Multifactor ETF 8.9 19 53 6.7 -2.5
BFOR Barron's 400 ETF 8.9 65 7 6.3 -2.9
AFMC First Trust Active Factor Mid Cap ETF 8.9 65 7 5.9 -3.2
PXMV Invesco S&P MidCap Value with Momentum ETF 8.8 39 33 8.7 -0.5
VB Vanguard Small-Cap ETF 8.8 5 67 5.0 -4.2
PSCI Invesco S&P SmallCap Industrials ETF 8.8 29 43 5.8 -3.3
XSLV Invesco S&P SmallCap Low Volatility ETF 8.7 25 47 5.2 -4.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.6 20 52 4.8 -4.4
TUSA First Trust Total US Market AlphaDEX ETF 8.4 70 2 5.5 -3.7
SPMD SPDR Portfolio Mid Cap ETF 7.7 5 67 6.0 -3.2
MDY SPDR S&P Midcap 400 ETF Trust 7.7 23 49 5.8 -3.4
IJH iShares Core S&P Mid-Cap ETF 7.7 5 67 6.0 -3.2
IVOO Vanguard S&P Mid-Cap 400 ETF 7.6 10 62 5.9 -3.3
IAT iShares U.S. Regional Banks ETF 7.5 42 30 8.9 -0.2
WBIY WBI Power Factor High Dividend ETF 7.5 70 2 9.1 -0.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.4 60 12 6.8 -2.4
AIRR First Trust RBA American Industrial Renaissance ETF 7.3 70 2 6.1 -3.0
SMDV ProShares Russell 2000 Dividend Growers ETF 7.1 41 31 6.0 -3.2
IFRA iShares U.S. Infrastructure ETF 6.7 40 32 5.1 -4.1
VXF Vanguard Extended Market Index Fund 6.4 6 66 2.9 -6.3
RYJ Invesco Raymond James SB-1 Equity ETF 6.3 76 -4 4.0 -5.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 6.0 80 -8 5.2 -4.0

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 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 10.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 72 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.