First Trust Small Cap Core AlphaDEX Fund
ALTAR
Score™		 6.6% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 262.8x P/Sales
ratio		 0.7x
P/BV
ratio		 1.1x Div.
yield		 1.7%


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

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date May 08, 2007
Assets (mns) $396
Currency USD
Expense ratio 63 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 524
Wgt avg mkt cap (mns) $1,555
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 26.4%
Small cap (<$2bn) 73.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CENTENNIAL RESOURCE DEVELOPMENT, I 0.8 %
MATADOR RESOURCES CO 0.8 %
BIG LOTS INC 0.7 %
SONIC AUTOMOTIVE INC-CLASS A 0.6 %
SM ENERGY CO 0.6 %
NU SKIN ENTERPRISES INC - A 0.5 %
REDFIN CORPORATION 0.5 %
CALLON PETROLEUM CO 0.5 %
HELIX ENERGY SOLUTIONS GROUP 0.5 %
PLUG POWER INC 0.5 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BERMUDA 1.0 %
NETHERLANDS 0.8 %
PUERTO RICO 0.4 %
LUXEMBOURG 0.3 %
CAYMAN ISLANDS 0.2 %
IRELAND 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.2% -10.8% 2.6% 9.6% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 88%
MSCI EAFE 1.48 78%
MSCI Emg. Mkts. 1.07 64%

Technical Indicators
Recent close $54.30
30d moving avg. $54.75
Annualized volatility 26.6%
Short interest (ETF) 0.5%
Short interest (Underlying) 6.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.9%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $10,550

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FYX Expense: 63 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FYX
Ticker Fund
Name		 Overlap1
vs FYX
(%)		 Expense
ratio
(bp)		 Savings
vs FYX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FYX
(%)
FYT First Trust Small Cap Value AlphaDEX Fund 55.2 72 -9 9.5 +2.9
RNSC Small Cap US Equity Select ETF 45.3 60 3 7.7 +1.1
FYC First Trust Small Cap Growth AlphaDEX Fund 42.9 70 -7 2.5 -4.1
EES WisdomTree SmallCap Earnings Fund 40.3 38 25 11.6 +5.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 38.9 35 28 8.3 +1.7
TPSC Timothy Plan US Small Cap Core ETF 37.5 52 11 8.3 +1.7
SLY SPDR S&P 600 Small Cap ETF 37.0 15 48 7.0 +0.4
SPSM SPDR Portfolio Small Cap ETF 37.0 5 58 7.1 +0.5
IJR iShares Core S&P Small Cap ETF 36.9 7 56 7.1 +0.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 36.6 40 23 6.7 +0.1
IWM iShares Russell 2000 ETF 35.7 19 44 3.6 -3.0
VIOO Vanguard S&P Small-Cap 600 ETF 35.7 10 53 7.2 +0.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 34.8 20 43 6.0 -0.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 34.5 35 28 8.3 +1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.0 29 34 5.6 -1.0
VTWO Vanguard Russell 2000 Index Fund 32.7 10 53 3.7 -2.9
IWN iShares Russell 2000 Value ETF 32.5 24 39 7.3 +0.7
CSML IQ Chaikin U.S. Small Cap ETF 32.5 35 28 4.2 -2.4
AFSM First Trust Active Factor Small Cap ETF 31.2 75 -12 5.7 -0.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 30.8 39 24 7.7 +1.1
DES WisdomTree U.S. SmallCap Dividend Fund 30.3 38 25 8.8 +2.2
VTWV Vanguard Russell 2000 Value Index Fund 30.3 15 48 7.4 +0.8
SLYV SPDR S&P 600 Small Cap Value ETF 29.9 15 48 9.3 +2.7
IJS iShares S&P Small-cap 600 Value ETF 29.8 25 38 9.2 +2.6
PSC Principal U.S. Small Cap Index ETF 29.8 38 25 7.1 +0.4
ISMD Inspire Small/Mid Cap Impact ETF 29.4 60 3 6.5 -0.1
IWO iShares Russell 2000 Growth ETF 29.4 24 39 0.8 -5.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 28.5 15 48 9.6 +3.0
SSLY Syntax Stratified SmallCap ETF 28.2 30 33 6.2 -0.4
VTWG Vanguard Russell 2000 Growth Index Fund 27.6 15 48 0.8 -5.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 27.5 39 24 4.2 -2.4
IUSS Invesco Strategic US Small Company ETF 27.5 23 40 5.5 -1.1
AVUV Avantis U.S. Small Cap Value ETF 27.2 25 38 9.3 +2.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 27.0 24 39 7.2 +0.6
SCHA Schwab U.S. Small-Cap ETF 26.7 4 59 4.7 -1.9
SLYG SPDR S&P 600 Small Cap Growth ETF 26.6 15 48 5.3 -1.4
IJT iShares S&P Small-Cap 600 Growth ETF 26.6 25 38 5.1 -1.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 26.0 16 47 5.2 -1.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 25.1 25 38 6.7 +0.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.0 29 34 9.7 +3.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 24.9 29 34 1.8 -4.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.7 35 28 6.4 -0.3
ROGS Hartford Multifactor Global Small Cap ETF 23.7 34 29 7.9 +1.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 23.6 30 33 7.8 +1.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 22.5 17 46 5.2 -1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.5 6 57 5.3 -1.3
BKSE BNY Mellon US Small Cap Core Equity ETF 21.5 4 59 5.7 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 21.2 71 -8 9.5 +2.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.9 12 51 7.8 +1.2
VBR Vanguard Small Cap Value Index Fund 19.9 7 56 8.4 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.3 66 -3 2.5 -4.1
NUSC Nuveen ESG Small-Cap ETF 18.6 40 23 5.4 -1.2
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.4 38 25 9.0 +2.4
DWAS Invesco DWA SmallCap Momentum ETF 18.2 60 3 -1.1 -7.7
FSMD Fidelity Small-Mid Factor ETF 16.8 29 34 7.0 +0.4
SQLV Legg Mason Small-Cap Quality Value 16.6 62 1 7.8 +1.2
VB Vanguard Small-Cap ETF 16.2 5 58 5.4 -1.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.1 35 28 5.9 -0.7
VFVA Vanguard U.S. Value Factor ETF 15.0 14 49 11.5 +4.9
PXSG Invesco S&P SmallCap Momentum ETF 14.9 39 24 5.0 -1.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.8 39 24 11.7 +5.1
VFQY Vanguard U.S. Quality Factor ETF 14.6 13 50 6.0 -0.6
VFMF Vanguard U.S. Multifactor ETF 14.6 19 44 7.2 +0.6
VXF Vanguard Extended Market Index Fund 14.2 7 56 3.7 -2.9
BUY USCF SummerHaven SHPEI Index Fund 13.5 80 -17 10.1 +3.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 13.3 20 43 4.7 -1.9
JKK iShares Morningstar Small-Cap Growth ETF 13.2 30 33 1.1 -5.5
PSCF Invesco S&P SmallCap Financials ETF 13.1 29 34 11.5 +4.9
VUSE Vident Core US Equity Fund 12.8 48 15 8.3 +1.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.7 20 43 9.4 +2.8
TUSA First Trust Total US Market AlphaDEX ETF 12.1 70 -7 5.9 -0.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 11.9 35 28 9.4 +2.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 11.9 35 28 10.1 +3.5
VFMO Vanguard U.S. Momentum Factor ETF 11.6 13 50 1.1 -5.5
JSML Janus Henderson Small Cap Growth Alpha ETF 11.3 30 33 7.6 +1.0
VBK Vanguard Small-Cap Growth Index Fund 10.9 7 56 2.4 -4.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 10.9 29 34 9.4 +2.8
JKL iShares Morningstar Small Cap Value ETF 10.5 30 33 10.4 +3.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 10.4 40 23 7.2 +0.6
BFOR Barron's 400 ETF 10.3 65 -2 6.3 -0.3
JKJ iShares Morningstar Small-Cap ETF 10.0 25 38 6.7 +0.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 9.9 39 24 7.6 +1.0
XSLV Invesco S&P SmallCap Low Volatility ETF 9.9 25 38 6.0 -0.6
XSHQ Invesco S&P SmallCap Quality ETF 9.8 29 34 6.7 +0.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.8 15 48 8.6 +2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 9.5 25 38 8.6 +2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 9.5 15 48 8.7 +2.1
CALF Pacer US Small Cap Cash Cows 100 ETF 9.4 59 4 13.2 +6.6
SMDY Syntax Stratified MidCap ETF 9.3 30 33 6.4 -0.2
RWK Invesco S&P MidCap 400 Revenue ETF 9.2 39 24 8.1 +1.5
VFLQ Vanguard U.S. Liquidity Factor ETF 9.2 14 49 4.7 -1.9
EZM WisdomTree U.S. MidCap Earnings Fund 9.1 38 25 9.2 +2.6
BTEC Principal Healthcare Innovators Index ETF 8.4 42 21 -2.4 -9.0
PSCI Invesco S&P SmallCap Industrials ETF 8.3 29 34 6.6 -0.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 7.9 30 33 5.7 -0.9
KOMP SPDR Kensho New Economies Composite ETF 7.4 20 43 2.5 -4.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 7.3 80 -17 5.6 -1.0
RFV Invesco S&P Midcap 400 Pure Value ETF 6.9 35 28 10.6 +4.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 6.9 25 38 6.6 -0.0
AFMC First Trust Active Factor Mid Cap ETF 6.9 65 -2 6.3 -0.3

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 Core 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 8.1 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 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.