First Trust Total US Market AlphaDEX ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.8x P/Sales
ratio
1.4x
P/BV
ratio
2.0x Div.
yield
1.8%


  • 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 05, 2006
Assets (mns) $14
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) $53,110
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 31.1%
Small cap (<$2bn) 12.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SQUARE, INC. CLASS A 0.5 %
TESLA MOTORS INC 0.5 %
DR HORTON INC 0.5 %
APPLE INC 0.5 %
LENNAR CORP-CL A 0.5 %
DOCUSIGN, INC. 0.5 %
AMAZON.COM INC 0.4 %
FIDELITY NATIONAL FINANCIAL, INC - 0.4 %
BIOGEN IDEC INC 0.4 %
PAYPAL HOLDINGS INC 0.4 %
Total 4.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
BERMUDA 1.1 %
IRELAND 1.1 %
BRITAIN 0.5 %
SWITZERLAND 0.4 %
PUERTO RICO 0.2 %
CANADA 0.1 %
LUXEMBOURG 0.0 %
CAYMAN ISLANDS 0.0 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.3% -4.5% 5.4% 7.6% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.27 93%
MSCI EAFE 1.31 84%
MSCI Emg. Mkts. 0.92 68%

Technical Indicators
Recent close $33.88
30d moving avg. $32.41
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.55%
ADV underlying (mns) $207,956

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the First Trust Total US Market AlphaDEX ETF 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™: 5.6%


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
(%)
FEX First Trust Large Cap Core AlphaDEX Fund 52.3 60 10 5.8 +0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 48.2 71 -1 9.4 +3.7
IWR iShares Russell Midcap ETF 43.6 19 51 5.4 -0.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 42.4 66 4 2.2 -3.4
ONEO SPDR Russell 1000 Momentum Focus ETF 41.6 20 50 6.1 +0.5
EUSA iShares MSCI USA Equal Weighted ETF 41.1 15 55 5.9 +0.3
EQAL Invesco Russell 1000 Equal Weight ETF 41.0 20 50 5.4 -0.3
AVUS Avantis U.S. Equity ETF 40.7 15 55 5.4 -0.2
JHMM John Hancock Multifactor Mid Cap ETF 40.6 42 28 5.4 -0.2
SIZE iShares Edge MSCI USA Size Factor ETF 40.6 15 55 6.0 +0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.4 35 35 5.6 -0.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 40.4 35 35 5.6 -0.1
VXF Vanguard Extended Market Index Fund 39.0 7 63 3.5 -2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 38.7 9 61 5.8 +0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 38.7 25 45 6.2 +0.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 38.3 29 41 6.6 +1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 38.2 4 66 5.3 -0.3
JHML John Hancock Multifactor Large Cap ETF 38.0 29 41 5.3 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 37.7 17 53 6.1 +0.4
RSP Invesco S&P 500 Equal Weight ETF 36.6 20 50 6.4 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 36.0 12 58 7.0 +1.4
VFVA Vanguard U.S. Value Factor ETF 35.5 14 56 10.6 +4.9
SCIU Global X Scientific Beta US ETF 34.7 19 51 5.6 -0.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 33.8 25 45 6.1 +0.5
IWV iShares Russell 3000 ETF 33.7 20 50 4.8 -0.9
VTHR Vanguard Russell 3000 Index Fund 33.6 10 60 4.8 -0.8
SCHB Schwab U.S. Broad Market ETF 33.6 3 67 5.0 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 33.5 3 67 4.9 -0.7
VB Vanguard Small-Cap ETF 33.4 5 65 5.2 -0.5
VTI Vanguard Total Stock Market Index Fund 33.2 3 67 4.9 -0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 33.0 6 64 5.0 -0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 32.9 30 40 6.2 +0.6
IWS iShares Russell Mid-Cap Value ETF 32.7 24 46 6.8 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 32.6 39 31 6.5 +0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.3 29 41 5.8 +0.1
IYY iShares Dow Jones U.S. ETF 32.1 20 50 4.9 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.1 9 61 5.3 -0.3
SCHK Schwab 1000 Index ETF 31.9 5 65 5.0 -0.6
VONE Vanguard Russell 1000 ETF 31.8 8 62 5.0 -0.7
IWB iShares Russell 1000 ETF 31.7 15 55 4.9 -0.7
ESGV Vanguard ESG U.S. Stock ETF 31.0 12 58 4.9 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.8 25 45 6.1 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.5 17 53 6.2 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 30.3 13 57 0.1 -5.5
VO Vanguard Mid-Cap Index Fund 29.9 4 66 5.1 -0.5
SCHX Schwab U.S. Large-Cap ETF 29.8 3 67 5.1 -0.6
EXT WisdomTree U.S. Total Earnings Fund 29.6 28 42 5.0 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 29.6 3 67 5.3 -0.4
JVAL JPMorgan U.S. Value Factor ETF 29.3 12 58 8.3 +2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 29.1 18 52 5.9 +0.3
VFQY Vanguard U.S. Quality Factor ETF 28.9 13 57 5.7 +0.0
PBUS Invesco PureBeta MSCI USA ETF 28.8 4 66 5.0 -0.6
IWD iShares Russell 1000 Value ETF 28.8 19 51 6.7 +1.1
VONV Vanguard Russell 1000 Value Index Fund 28.8 8 62 6.8 +1.2
SCHA Schwab U.S. Small-Cap ETF 28.5 4 66 4.4 -1.3
VFMF Vanguard U.S. Multifactor ETF 28.5 19 51 6.7 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.3 17 53 4.8 -0.8
IUS Invesco Strategic US ETF 28.3 19 51 6.2 +0.6
FTA First Trust Large Cap Value AlphaDEX Fund 28.0 60 10 8.9 +3.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.9 20 50 6.7 +1.0
BFOR Barron's 400 ETF 27.9 65 5 5.9 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.7 2 68 5.1 -0.6
RWL Invesco S&P 500 Revenue ETF 27.5 39 31 6.8 +1.2
RNLC Large Cap US Equity Select ETF 27.5 60 10 5.9 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.4 75 -5 3.9 -1.7
EPS WisdomTree U.S. Earnings 500 Fund 27.4 8 62 6.2 +0.6
VV Vanguard Large-Cap Index Fund 27.2 4 66 5.0 -0.6
SFY SoFi Select 500 ETF 26.9 0 70 5.0 -0.6
ROUS Hartford Multifactor US Equity ETF 26.8 19 51 6.9 +1.3
FNX First Trust Mid Cap Core AlphaDEX Fund 26.7 61 9 6.3 +0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 26.6 7 63 5.0 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 26.5 15 55 4.9 -0.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 26.3 15 55 6.5 +0.9
SCHM Schwab U.S. Mid-Cap ETF 26.2 4 66 5.9 +0.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.2 24 46 5.9 +0.2
PBP Invesco S&P 500 BuyWrite ETF 25.9 49 21 4.7 -0.9
IUSV iShares Core S&P U.S. Value ETF 25.9 4 66 7.2 +1.5
CATH Global X S&P 500 Catholic Values Custom ETF 25.8 29 41 5.0 -0.7
TPLC Timothy Plan US Large Cap Core ETF 25.8 52 18 5.1 -0.5
HSPX Global X S&P 500 Covered Call ETF 25.8 65 5 4.6 -1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.6 20 50 7.3 +1.6
AUSF Global X Adaptive U.S. Factor ETF 25.5 27 43 7.5 +1.9
JMOM JPMorgan U.S. Momentum Factor ETF 25.5 12 58 3.6 -2.1
AFLG First Trust Active Factor Large Cap ETF 25.5 55 15 5.3 -0.4
IUSS Invesco Strategic US Small Company ETF 25.4 23 47 4.9 -0.7
SPLG SPDR Portfolio Large Cap ETF 25.3 3 67 5.2 -0.5
SPY SPDR S&P 500 ETF Trust 25.3 9 61 5.1 -0.5
IVV iShares Core S&P 500 ETF 25.3 4 66 5.2 -0.5
VOO VANGUARD S&P 500 ETF 25.2 3 67 5.2 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 25.2 29 41 7.6 +1.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.2 34 36 4.7 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 25.0 12 58 4.5 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 24.9 15 55 5.6 -0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 24.8 61 9 2.7 -3.0
SPXE ProShares S&P 500 Ex-Energy ETF 24.4 27 43 5.1 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 24.3 20 50 5.1 -0.5
RBUS Nationwide Risk-Based U.S. Equity ETF 24.2 30 40 4.6 -1.0
DTD WisdomTree U.S.Total Dividend Fund 24.1 28 42 6.4 +0.7
USMF WisdomTree U.S. Multifactor Fund 24.1 28 42 5.3 -0.4
SFYX Sofi Next 500 ETF 24.0 0 70 5.7 +0.1

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

  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 Total US Market AlphaDEX ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.