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
393.5 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) | $393 |
| 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 +
| BANCA MONTE DEI PASCHI DI SIENA S.P.A. | 1.7 % |
| SIEMENS ENERGY AG | 0.8 % |
| INTL CONSOLIDATED AIRLINE-DI | 0.8 % |
| TENARIS SA | 0.7 % |
| ST JAMES'S PLACE PLC | 0.7 % |
| SANWA HOLDINGS CORP | 0.7 % |
| ERSTE GROUP BANK AG | 0.7 % |
| NATWEST GROUP PLC | 0.6 % |
| FAIRFAX FINANCIAL HLDGS LTD | 0.6 % |
| QANTAS AIRWAYS LTD | 0.6 % |
Constituent Breakdown
| Number of holdings | 312 |
| Herfindahl-Hirschman Index | 45 |
| Wgt avg mkt cap (mns) | $20,413 |
| Large cap (>$10bn) | 50.6% |
| Mid cap ($2-10bn) | 48.7% |
| Small cap (<$2bn) | 0.6% |
| Developed mkts. | 90.3% |
| Emerging mkts. | 9.7% |
Country Exposure
 |
JAPAN | 29.0 % |
 |
CANADA | 14.1 % |
 |
SOUTH KOREA | 9.1 % |
 |
BRITAIN | 7.4 % |
 |
AUSTRALIA | 6.3 % |
 |
GERMANY | 6.0 % |
 |
ITALY | 3.0 % |
 |
NORWAY | 2.8 % |
 |
SWEDEN | 2.6 % |
 |
SPAIN | 2.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.0% | 14.9% | 11.6% | 2.2% | 4.2% | 4.2% | 3.0% | Volatility | 16.1% | 15.8% | 16.3% | 18.5% | 21.2% | 18.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 74% |
| MSCI EAFE | 1.02 | 92% |
| MSCI Emg Mkts | 0.86 | 66% |
Liquidity Measures
| Avg. volume (000) | 22 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.65% |
| ADV of underlying (mns) | $19,057 |
Technical Indicators
| Recent close | $53.64 |
| 30d moving avg. | $56.06 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.3% |
| 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. FDT |
Expenses vs. FDT |
ALTAR Score™ vs. FDT |
|---|---|---|---|---|
| FEP | First Trust Europe AlphaDEX Fund | 35.5% | 0 bp | -1.7% |
| UIVM | VictoryShares International Value Momentum ETF | 29.4% | -45 bp | +1.7% |
| IVLU | iShares MSCI Intl Value Factor ETF | 25.2% | -50 bp | +2.3% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 24.2% | -55 bp | +0.9% |
| IQIN | IQ 500 International ETF | 23.6% | -55 bp | -0.4% |
| DEEF | Xtrackers FTSE Developed ex US Multifactor ETF | 23.4% | -56 bp | -0.7% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 22.4% | -35 bp | -0.3% |
| FJP | First Trust Japan AlphaDEX Fund | 21.7% | 0 bp | +1.3% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 21.6% | -55 bp | -2.2% |
| DFIV | Dimensional International Value ETF | 21.5% | -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
| 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 12/23/2024
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
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.
ALTAR Score™
FDT
9.5%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. FDT's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places FDT in the 78th 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. | 35.6 | 19.0 | 54.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .