First Trust Total US Market AlphaDEX
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust Total US Market AlphaDEX ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the NASDAQ AlphaDEX Total US Market Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Dec 06, 2006
Assets (mns) $18
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1201
Wgt avg mkt cap (mns) $29,182
Large cap (>$10bn) 54.8%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 12.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DXC TECHNOLOGY CO. 0.5 %
SKYWORKS SOLUTIONS INC 0.5 %
BIOGEN IDEC INC 0.5 %
PHILLIPS 66 0.5 %
PACCAR INC 0.5 %
CUMMINS INC 0.5 %
INTEL CORP 0.4 %
DISCOVERY COMMUNICATIONS-A 0.4 %
KLA-TENCOR CORPORATION 0.4 %
MICRON TECHNOLOGY INC 0.4 %
Total 4.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BERMUDA 1.7 %
IRELAND 1.4 %
BRITAIN 0.7 %
SWITZERLAND 0.4 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %




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.
16.8% 5.1% 6.6% 9.7% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.12 89%
MSCI EAFE 0.91 49%
MSCI Emg. Mkts. 0.58 33%

Technical Indicators
Recent close $35.13
30d moving avg. $34.15
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $89,718

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: TUSA Expense: 70 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TUSA
Ticker Fund
Name
Overlap1
vs TUSA
(%)
Expense
ratio
(bp)
Savings
vs TUSA
(bp)
ALTAR
Score™
(%)
ALTAR
vs TUSA
(%)
FAB First Trust Multi Cap Value 56.4 71 -1 8.6 +1.9
FEX First Trust Large Cap Core Alphadex 52.6 61 9 6.4 -0.3
IWR iShares Russell Midcap 43.5 19 51 5.9 -0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight 43.1 29 41 6.7 +0.0
ONEO SPDR Russell 1000 Momentum Focus 42.1 20 50 6.4 -0.2
EQAL Invesco Russel 1000 Equal Weight 41.6 20 50 6.0 -0.7
AVUS Avantis U.S. Equity 41.3 15 55 6.0 -0.6
SIZE iShares MSCI USA Size Factor 41.2 15 55 6.3 -0.3
VFVA Vanguard U.S. Value Factor 41.0 13 57 9.6 +2.9
EUSA iShares MSCI USA Equal Weight 40.8 15 55 6.5 -0.1
CFA Compass EMP US 500 Volatility Weighted 40.6 35 35 6.1 -0.6
CFO Victory CEMP US 500 Enhanced Volatility Wtd 40.6 35 35 6.1 -0.6
JHMM John Hancock Multifactor Mid Cap 40.2 44 26 5.9 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor 39.8 17 53 6.3 -0.3
OVLU Invesco Russell 1000 Value Factor ETF 39.4 19 51 7.9 +1.3
TILT Flexshares Morningstar US Market Factor Tilt 39.1 25 45 6.0 -0.6
RSP Invesco S&P 500 Equal Weight 38.5 20 50 6.8 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 38.3 9 61 6.4 -0.2
JHML John Hancock Multifactor Large Cap 37.9 34 36 5.9 -0.7
VLU SPDR S&P 1500 Value Tilt 36.8 12 58 7.5 +0.8

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 Total US Market AlphaDEX
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 12.9 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 70 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
1.55
 
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.