FCA
First Trust China AlphaDEX Fund
First Trust China AlphaDEX Fund seeks investment results that correspond to the Defined China Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
8.7 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) | $9 |
| 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 +
| POP MART INTERNATIONAL GROUP LIMITED | 5.4 % |
| GREAT WALL MOTOR COMPANY-H | 3.9 % |
| BEIJING ENTERPRISES HLDGS | 3.6 % |
| SINOTRUK HONG KONG LTD | 3.5 % |
| CHINA HONGQIAO GROUP LTD | 3.4 % |
| XINYI GLASS HOLDINGS CO LTD | 3.4 % |
| CHINA OVERSEAS LAND & INVEST | 3.2 % |
| CHINA RAILWAY GROUP LTD - H | 3.1 % |
| ORIENT OVERSEAS INTL LTD | 2.9 % |
| CHINA STATE CONSTRUCTION INT | 2.9 % |
Constituent Breakdown
| Number of holdings | 53 |
| Herfindahl-Hirschman Index | 254 |
| Wgt avg mkt cap (mns) | $18,373 |
| Large cap (>$10bn) | 46.3% |
| Mid cap ($2-10bn) | 53.1% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 31.5% |
| Emerging mkts. | 68.5% |
Country Exposure
 |
CHINA | 66.4 % |
 |
HONG KONG | 29.8 % |
 |
SINGAPORE | 2.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.0% | 19.0% | 14.7% | -4.4% | 1.6% | 3.2% | 0.9% | Volatility | 32.6% | 30.6% | 28.3% | 29.9% | 29.6% | 29.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.44 | 8% |
| MSCI EAFE | 0.75 | 22% |
| MSCI Emg Mkts | 1.21 | 57% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 1.06% |
| ADV of underlying (mns) | $1,686 |
Technical Indicators
| Recent close | $19.37 |
| 30d moving avg. | $20.68 |
| Annualized volatility | 28.0% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 7.3% |
| 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. FCA |
Expenses vs. FCA |
ALTAR Score™ vs. FCA |
|---|---|---|---|---|
| FEM | First Trust Emerging Markets AlphaDEX Fund | 20.4% | 0 bp | -3.5% |
| FXI | iShares China Large-Cap ETF | 12.1% | -6 bp | -8.1% |
| MCHI | iShares MSCI China ETF | 11.2% | -21 bp | -7.9% |
| KALL | KraneShares MSCI All China Index ETF | 11.1% | -31 bp | -7.2% |
| FLCH | Franklin FTSE China ETF | 11.0% | -61 bp | -7.4% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 10.5% | -35 bp | -4.2% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 10.4% | -55 bp | -4.2% |
| GXC | SPDR S&P China ETF | 10.2% | -21 bp | -7.9% |
Risk and Returns: FCA 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 11/22/2024
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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
FCA
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™
FCA
16.5%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. FCA's ALTAR Score™ is approximately
2.2 standard deviations
above
the category average. This places FCA in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FCASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FCA (80 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FCA | 80.0 | 106.1 | 186.1 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .