FLN
First Trust Latin America AlphaDEX Fund
First Trust Latin America AlphaDEX Fund seeks investment results that correspond to the Defined Latin America Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
15.5 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $16 |
| 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 +
| ENEVA S.A. | 3.7 % |
| S.A.C.I. FALABELLA | 3.6 % |
| BANCO BTG PACTUAL SA UNITS CONS OF 1 SH | 3.5 % |
| PROLOGIS PROPERTY MEXICO SA | 3.5 % |
| VIBRA ENERGIA SA | 3.5 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.4 % |
| HRT PARTICIPACOES EM PETROLE | 3.3 % |
| CIA ENERGETICA MINAS GER-PRF | 3.2 % |
| CENTRAIS ELETRICAS BRASILIER | 3.0 % |
| CEMEX SAB-CPO | 3.0 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 246 |
| Wgt avg mkt cap (mns) | $15,283 |
| Large cap (>$10bn) | 60.5% |
| Mid cap ($2-10bn) | 32.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 2.1% |
| Emerging mkts. | 91.7% |
Country Exposure
 |
BRAZIL | 57.9 % |
 |
MEXICO | 16.6 % |
 |
CHILE | 12.4 % |
 |
COLOMBIA | 2.1 % |
 |
CAYMAN ISLANDS | 2.0 % |
 |
PERU | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 42.0% | 27.0% | 11.4% | 7.9% | 7.9% | 4.5% | -- | -2.4% |
| Dividend Yield | 0.6% | 0.5% | 2.3% | 3.3% | 3.9% | 3.9% | -- | 3.4% |
| Total Returns | 42.6% | 27.5% | 13.7% | 11.2% | 11.8% | 8.4% | -- | 1.0% | Ann. Volatility | 20.4% | 20.4% | 19.7% | 20.5% | 22.9% | 28.5% | -- | 31.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 27% |
| MSCI EAFE | 0.74 | 32% |
| MSCI Emg Mkts | 0.55 | 21% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.97% |
Technical Indicators
| 30d moving avg. (EMA) | $21.74 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.26/0.32 |
| Bollinger Bands (Upper/Lower) | $22.79/$21.17 |
| Short interest (% of AUM) | 2.3% |
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. FLN |
Expenses vs. FLN |
ALTAR Score™ vs. FLN |
|---|---|---|---|---|
| FLLA | Franklin FTSE Latin America ETF | 45.4% | -61 bp | +12.4% |
| FLBR | Franklin FTSE Brazil ETF | 42.4% | -61 bp | +13.8% |
| EWZ | iShares MSCI Brazil ETF | 33.0% | -22 bp | +12.0% |
| ILF | iShares Latin America 40 ETF | 20.4% | -32 bp | +11.7% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 17.5% | -5 bp | +9.7% |
| EWW | iShares MSCI Mexico ETF | 14.5% | -30 bp | +9.3% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 14.4% | 0 bp | +11.6% |
| FRDM | Freedom 100 Emerging Markets ETF | 14.3% | -31 bp | +7.4% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 12.8% | -36 bp | +10.4% |
| ECH | iShares MSCI Chile ETF | 12.4% | -22 bp | +7.2% |
Risk and Returns: FLN 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
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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 11/26/2025
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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
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™
FLN
11.1%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 129 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
2.6%. FLN's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FLN in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLNSELL
U/W
HOLD
O/W
BUY