First Trust Total US Market AlphaDEX ETF
ALTAR
Score™
4.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.3x P/Sales
ratio
1.7x
P/BV
ratio
2.5x Div.
yield
1.5%


  • 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) $17
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) $56,267
Large cap (>$10bn) 60.0%
Mid cap ($2-10bn) 29.2%
Small cap (<$2bn) 9.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROKU, INC. CLASS A 0.5 %
MODERNA, INC. 0.5 %
TESLA MOTORS INC 0.5 %
LAM RESEARCH CORP 0.5 %
FREEPORT-MCMORAN COPPER 0.5 %
TWILIO, INC. CLASS A 0.5 %
TERADYNE INC 0.5 %
INTEL CORP 0.4 %
EXACT SCIENCES CORP 0.4 %
DR HORTON INC 0.4 %
Total 4.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
BERMUDA 1.1 %
IRELAND 0.7 %
SWITZERLAND 0.3 %
BRITAIN 0.2 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
LUXEMBOURG 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.2% 14.2% 12.1% 8.4% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 1.26 91%
MSCI EAFE 1.22 85%
MSCI Emg. Mkts. 0.98 69%

Technical Indicators
Recent close $43.01
30d moving avg. $41.66
Annualized volatility 24.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.56%
ADV underlying (mns) $235,502

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 4.8%


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 51.1 60 10 4.7 -0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 49.8 71 -1 7.6 +2.8
IWR iShares Russell Midcap ETF 44.7 19 51 4.8 -0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 44.0 29 41 7.3 +2.5
ONEO SPDR Russell 1000 Momentum Focus ETF 43.1 20 50 5.6 +0.8
VFVA Vanguard U.S. Value Factor ETF 42.9 14 56 8.5 +3.7
JHMM John Hancock Multifactor Mid Cap ETF 42.8 42 28 4.7 -0.1
EUSA iShares MSCI USA Equal Weighted ETF 42.8 15 55 5.2 +0.3
AVUS Avantis U.S. Equity ETF 42.3 15 55 4.8 +0.0
SIZE iShares MSCI USA Size Factor ETF 42.3 15 55 5.2 +0.4
EQAL Invesco Russell 1000 Equal Weight ETF 42.1 20 50 5.1 +0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 41.6 35 35 5.1 +0.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 41.4 35 35 5.1 +0.3
ESGV Vanguard ESG U.S. Stock ETF 41.4 12 58 4.5 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.1 25 45 4.9 +0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.9 9 61 5.0 +0.2
JHML John Hancock Multifactor Large Cap ETF 40.8 29 41 4.9 +0.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 40.2 17 53 5.7 +0.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 39.1 4 66 4.9 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 39.0 29 41 6.0 +1.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 39.0 30 40 5.3 +0.5
VXF Vanguard Extended Market Index Fund 38.7 6 64 2.5 -2.3
RSP Invesco S&P 500 Equal Weight ETF 38.3 20 50 5.6 +0.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 38.1 66 4 1.8 -3.0
DFAU Dimensional US Core Equity Market ETF 37.3 12 58 4.7 -0.2
VLU SPDR S&P 1500 Value Tilt ETF 37.0 12 58 6.2 +1.4
VONV Vanguard Russell 1000 Value Index Fund 36.3 8 62 6.2 +1.4
VTHR Vanguard Russell 3000 Index Fund 36.2 10 60 4.4 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 35.9 25 45 5.7 +0.8
PRF Invesco FTSE RAFI US 1000 ETF 35.8 39 31 5.7 +0.9
IWS iShares Russell Mid-Cap Value ETF 35.6 24 46 6.0 +1.2
SCHB Schwab U.S. Broad Market ETF 35.5 3 67 4.5 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 35.4 3 67 4.4 -0.4
IWV iShares Russell 3000 ETF 35.3 20 50 4.3 -0.5
IWD iShares Russell 1000 Value ETF 35.3 19 51 6.1 +1.2
VB Vanguard Small-Cap ETF 34.8 5 65 4.4 -0.4
VTI Vanguard Total Stock Market Index Fund 34.7 3 67 4.4 -0.4
IYY iShares Dow Jones U.S. ETF 33.6 20 50 4.4 -0.4
SCHK Schwab 1000 Index ETF 33.2 5 65 4.6 -0.3
IWB iShares Russell 1000 ETF 33.0 15 55 4.5 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.8 30 40 5.1 +0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.6 25 45 5.7 +0.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 32.6 6 64 4.0 -0.8
VFMO Vanguard U.S. Momentum Factor ETF 32.4 13 57 1.4 -3.5
SCHX Schwab U.S. Large-Cap ETF 31.8 3 67 4.6 -0.3
VO Vanguard Mid-Cap Index Fund 31.6 4 66 4.6 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 31.5 3 67 4.8 -0.1
IUSV iShares Core S&P U.S. Value ETF 31.5 4 66 6.5 +1.6
JVAL JPMorgan U.S. Value Factor ETF 31.3 12 58 7.1 +2.3
VONE Vanguard Russell 1000 ETF 31.0 8 62 4.6 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 31.0 9 61 4.8 -0.0
SCHV Schwab U.S. Large-Cap Value ETF 30.9 4 66 6.1 +1.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 30.5 15 55 6.0 +1.2
PBUS Invesco PureBeta MSCI USA ETF 30.2 4 66 4.6 -0.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 30.1 20 50 6.2 +1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 30.0 17 53 6.1 +1.3
VOOV Vanguard S&P 500 Value ETF 29.9 10 60 6.6 +1.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 29.6 18 52 5.6 +0.8
RWL Invesco S&P 500 Revenue ETF 29.6 39 31 6.3 +1.5
EPS WisdomTree U.S. Earnings 500 Fund 29.3 8 62 5.9 +1.1
FTA First Trust Large Cap Value AlphaDEX Fund 29.1 60 10 7.4 +2.5
VFMF Vanguard U.S. Multifactor ETF 29.0 19 51 6.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 28.8 2 68 4.6 -0.2
IUS Invesco Strategic US ETF 28.7 19 51 5.5 +0.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 28.5 35 35 5.1 +0.3
VFQY Vanguard U.S. Quality Factor ETF 28.2 13 57 5.3 +0.5
VV Vanguard Large-Cap Index Fund 28.2 4 66 4.6 -0.2
VTV Vanguard Value Index Fund 28.0 4 66 6.6 +1.7
ROUS Hartford Multifactor US Equity ETF 28.0 19 51 5.8 +1.0
RESP WisdomTree US ESG Fund of Benef Interest 27.9 28 42 5.0 +0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.8 24 46 5.5 +0.7
IVE iShares S&P 500 Value ETF 27.8 18 52 6.3 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 27.8 4 66 6.5 +1.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 27.7 7 63 4.5 -0.3
TPLC Timothy Plan US Large Cap Core ETF 27.7 52 18 4.5 -0.4
RNLC Large Cap US Equity Select ETF 27.7 60 10 5.2 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 27.5 20 50 4.6 -0.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 27.4 17 53 4.0 -0.8
SCHA Schwab U.S. Small-Cap ETF 27.3 4 66 3.6 -1.2
PBP Invesco S&P 500 BuyWrite ETF 27.3 49 21 4.3 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 27.2 29 41 4.6 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 27.1 60 10 4.4 -0.4
SPLG SPDR Portfolio Large Cap ETF 26.9 3 67 4.7 -0.1
BFOR Barron's 400 ETF 26.9 65 5 5.6 +0.8
SPY SPDR S&P 500 ETF Trust 26.8 9 61 4.7 -0.2
IVV iShares Core S&P 500 ETF 26.7 3 67 4.7 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 26.6 15 55 5.3 +0.4
DTD WisdomTree U.S.Total Dividend Fund 26.4 28 42 6.2 +1.4
AFLG First Trust Active Factor Large Cap ETF 26.4 55 15 4.7 -0.2
VOO VANGUARD S&P 500 ETF 26.3 3 67 4.8 -0.0
SCHM Schwab U.S. Mid-Cap ETF 26.2 4 66 5.0 +0.2
SFY SoFi Select 500 ETF 26.2 0 70 4.6 -0.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 26.0 29 41 6.2 +1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.0 12 58 4.0 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 25.8 15 55 4.4 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 25.7 20 50 4.8 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 25.4 27 43 4.9 +0.0

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 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 12.4 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.