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.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
441.5 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $442 |
| 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 +
| SAMSUNG TECHWIN CO LTD | 0.7 % |
| EVOLUTION MINING LTD | 0.7 % |
| DAEWOO SHIPBUILDING & MARINE | 0.7 % |
| SAMSUNG HEAVY INDUSTRIES | 0.6 % |
| COMMERZBANK AG | 0.6 % |
| HYUNDAI ROTEM CO. | 0.6 % |
| FRESNILLO PLC | 0.6 % |
| KEISEI ELECTRIC RAILWAY CO | 0.6 % |
| IHI CORP | 0.6 % |
| INDRA SISTEMAS SA | 0.6 % |
Constituent Breakdown
| Number of holdings | 313 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $22,213 |
| Large cap (>$10bn) | 53.9% |
| Mid cap ($2-10bn) | 45.7% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 90.9% |
| Emerging mkts. | 9.1% |
Country Exposure
 |
JAPAN | 22.4 % |
 |
SOUTH KOREA | 11.1 % |
 |
GERMANY | 9.5 % |
 |
BRITAIN | 8.4 % |
 |
HONG KONG | 6.3 % |
 |
CANADA | 5.7 % |
 |
ITALY | 5.2 % |
 |
SPAIN | 4.8 % |
 |
AUSTRALIA | 3.6 % |
 |
FRANCE | 3.5 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.8% | 11.8% | 9.3% | 4.4% | 7.1% | 1.6% | -- | 1.4% |
| Dividend Yield | 0.0% | 2.3% | 3.6% | 3.2% | 3.3% | 2.6% | -- | 2.4% |
| Total Returns | 12.8% | 14.1% | 12.9% | 7.5% | 10.4% | 4.2% | -- | 3.8% | Ann. Volatility | 23.5% | 19.5% | 16.8% | 18.7% | 18.1% | 18.5% | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.86 | 62% |
| MSCI EAFE | 0.97 | 85% |
| MSCI Emg Mkts | 0.85 | 65% |
Liquidity Measures
| Avg. volume (000) | 47 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.65% |
| ADV of underlying (mns) | $18,589 |
Technical Indicators
| Recent close | $61.02 |
| 30d moving avg. | $58.48 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 58 |
| 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 | 44.2% | 0 bp | -0.8% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 29.1% | 0 bp | -0.9% |
| UIVM | VictoryShares International Value Momentum ETF | 28.6% | -45 bp | -1.3% |
| IVLU | iShares MSCI Intl Value Factor ETF | 27.1% | -50 bp | +0.5% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 26.2% | -35 bp | -1.3% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 25.0% | -55 bp | -0.5% |
| DFIV | Dimensional International Value ETF | 23.3% | -53 bp | -0.2% |
| CIL | VictoryShares International Volatility Wtd ETF | 23.3% | -35 bp | -3.8% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 23.2% | -55 bp | -3.2% |
| EFV | iShares MSCI EAFE Value ETF | 22.7% | -46 bp | -1.1% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
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 Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FDT
10.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.0%. FDT's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places FDT in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FDT (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDT | 80.0 | 64.9 | 144.9 |
| Peer Avg. | 35.3 | 19.2 | 54.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .