FDTS
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Developed Markets ex-US Small Cap Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
80 bp
EXPENSES
$48.9 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 15, 2012 |
| Assets (mns) | $49 |
| 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MFE-MEDIAFOREUROPE NV CLASS A | 2.7 % |
| FUTURE PLC | 0.7 % |
| GREENCORE GROUP PLC | 0.6 % |
| BW LPG LTD | 0.6 % |
| AKER SOLUTIONS ASA | 0.6 % |
| DIVERSIFIED ENERGY COMPANY PLC | 0.6 % |
| BIRD CONSTRUCTION INC | 0.6 % |
| DOOSAN CORP | 0.6 % |
| LS INDUSTRIAL SYSTEMS | 0.6 % |
| HUNTING PLC | 0.5 % |
Constituent Breakdown
| Number of holdings | 2480 |
| Herfindahl-Hirschman Index | 1,185 |
| Wgt avg mkt cap (mns) | $1,479 |
| Large cap (>$10bn) | 0.5% |
| Mid cap ($2-10bn) | 28.9% |
| Small cap (<$2bn) | 70.1% |
| Developed mkts. | 83.6% |
| Emerging mkts. | 16.4% |
Country Exposure
 |
JAPAN | 34.7 % |
 |
SOUTH KOREA | 14.3 % |
 |
CANADA | 8.9 % |
 |
BRITAIN | 5.6 % |
 |
AUSTRALIA | 4.9 % |
 |
ITALY | 4.4 % |
 |
SWEDEN | 2.3 % |
 |
NORWAY | 2.2 % |
 |
FRANCE | 1.8 % |
 |
ISRAEL | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.8% | 10.1% | 10.2% | -1.5% | 5.9% | 3.3% | 5.0% | Volatility | 14.0% | 14.9% | 38.3% | 35.6% | 32.7% | 27.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 57% |
| MSCI EAFE | 0.99 | 76% |
| MSCI Emg Mkts | 0.69 | 38% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.61% |
| ADV of underlying (mns) | $2,820 |
Technical Indicators
| Recent close | $40.75 |
| 30d moving avg. | $41.71 |
| Annualized volatility | 19.8% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| 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. FDTS |
Expenses vs. FDTS |
ALTAR Score™ vs. FDTS |
|---|---|---|---|---|
| AVDV | Avantis International Small Cap Value ETF | 22.2% | -44 bp | -1.7% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 17.2% | -22 bp | -2.1% |
| DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 17.2% | -22 bp | -1.9% |
| DISV | Dimensional International Small Cap Value ETF | 16.2% | -38 bp | -0.6% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 15.7% | -31 bp | -3.0% |
| DLS | WisdomTree International SmallCap Dividend Fund | 15.0% | -22 bp | -1.0% |
| GWX | SPDR S&P International Small Cap ETF | 14.9% | -40 bp | -3.2% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 14.3% | -41 bp | -2.4% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 13.1% | -30 bp | -3.1% |
| DFIS | Dimensional International Small Cap ETF | 11.3% | -41 bp | -3.0% |
Risk and Returns: FDTS 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
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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
FDTS
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™
FDTS
9.4%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.4% |
Recommendation
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.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. FDTS's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FDTS in the 82nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FDTS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FDTS (80 bp) Percentile rank | 94 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDTS | 80.0 | 60.9 | 140.9 |
| Peer Avg. | 57.7 | 49.9 | 107.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .