FDT
First Trust Developed Markets ex-US Alphadex Fund
First Trust Developed Markets ex-US AlphaDEX Fund seeks investment results that correspond to the Defined Developed Markets ex-US Index.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $427 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ECOPRO CO., LTD. | 1.0 % |
| KAWASAKI KISEN KAISHA LTD | 0.9 % |
| CENTRICA PLC | 0.9 % |
| POSCO | 0.8 % |
| ROLLS-ROYCE GROUP PLC | 0.8 % |
| INPEX CORP | 0.8 % |
| MYTILINEOS HOLDINGS S.A. | 0.7 % |
| ARC RESOURCES LTD | 0.7 % |
| MAZDA MOTOR CORP | 0.7 % |
| FAIRFAX FINANCIAL HLDGS LTD | 0.7 % |
Constituent Breakdown
| Number of holdings | 303 |
| Herfindahl-Hirschman Index | 46 |
| Wgt avg mkt cap (mns) | $13,738 |
| Large cap (>$10bn) | 32.1% |
| Mid cap ($2-10bn) | 50.8% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 87.8% |
| Emerging mkts. | 12.2% |
Country Exposure
 |
JAPAN | 22.7 % |
 |
SOUTH KOREA | 11.2 % |
 |
BRITAIN | 9.6 % |
 |
GERMANY | 8.8 % |
 |
CANADA | 8.8 % |
 |
FRANCE | 7.3 % |
 |
ITALY | 4.2 % |
 |
AUSTRALIA | 3.5 % |
 |
SPAIN | 3.0 % |
 |
SWEDEN | 3.0 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 12.1% | 13.2% | -6.0% | 4.0% | 0.4% | 3.7% | 2.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 75% |
| MSCI EAFE | 1.02 | 93% |
| MSCI Emg Mkts | 0.86 | 63% |
Liquidity Measures
| Avg. volume (000) | 62 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.70% |
| ADV of underlying (mns) | $13,441 |
Technical Indicators
| Recent close | $50.73 |
| 30d moving avg. | $51.88 |
| Annualized volatility | 19.3% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDT |
Expenses vs. FDT |
ALTAR Score™ vs. FDT |
|---|---|---|---|---|
| FEP | First Trust Europe AlphaDEX Fund | 48.8% | 0 bp | +0.4% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 31.8% | 0 bp | +0.4% |
| UIVM | VictoryShares USAA MSCI International Value Momentum ETF | 29.9% | -45 bp | +0.8% |
| IQIN | IQ 500 International ETF | 28.5% | -55 bp | -0.5% |
| DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 28.1% | -56 bp | -1.4% |
| MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 26.2% | -41 bp | -1.9% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 24.2% | -55 bp | -0.7% |
| QINT | American Century Quality Diversified International ETF | 23.9% | -41 bp | -1.4% |
| IVLU | iShares Edge MSCI Intl Value Factor ETF | 23.9% | -50 bp | +1.2% |
| DFIV | Dimensional International Value ETF | 23.8% | -53 bp | -0.8% |
Risk and Returns: FDT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/28/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FDT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FDT
10.2%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.2% |
Recommendation
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.
Category Overview
There are 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. FDT's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places FDT in the 79th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDT | 80.0 | 70.3 | 150.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .