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
8.2 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 15, 2012 |
| Assets (mns) | $8 |
| 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 +
| US DOLLAR | 10.3 % |
| SECURE ENERGY SERVICES INC | 0.6 % |
| KYUNG DONG NAVIEN CO., LTD. | 0.5 % |
| PAREX RESOURCES INC | 0.5 % |
| MITSUI ENGINEER & SHIPBUILD | 0.5 % |
| MORGAN SINDALL PLC | 0.5 % |
| SWCC SHOWA HOLDINGS CO LTD | 0.5 % |
| AKER SOLUTIONS ASA | 0.5 % |
| NAMURA SHIPBUILDING CO LTD | 0.5 % |
| SANKI ENGINEERING CO LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 412 |
| Herfindahl-Hirschman Index | 135 |
| Wgt avg mkt cap (mns) | $1,458 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 32.4% |
| Small cap (<$2bn) | 67.6% |
| Developed mkts. | 85.5% |
| Emerging mkts. | 14.5% |
Country Exposure
 |
JAPAN | 36.1 % |
 |
SOUTH KOREA | 11.7 % |
 |
CANADA | 9.2 % |
 |
BRITAIN | 7.0 % |
 |
AUSTRALIA | 3.9 % |
 |
ISRAEL | 3.1 % |
 |
GERMANY | 2.4 % |
 |
ITALY | 2.2 % |
 |
SWEDEN | 2.2 % |
 |
FRANCE | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.9% | 14.1% | 13.4% | -1.2% | 5.8% | 4.5% | 4.9% | Volatility | 17.1% | 17.0% | 21.3% | 36.0% | 32.8% | 27.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 59% |
| MSCI EAFE | 0.99 | 77% |
| MSCI Emg Mkts | 0.75 | 43% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.61% |
| ADV of underlying (mns) | $3,482 |
Technical Indicators
| Recent close | $41.07 |
| 30d moving avg. | $42.58 |
| Annualized volatility | 20.0% |
| Relative strength (RSI) | 48 |
| 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. FDTS |
Expenses vs. FDTS |
ALTAR Score™ vs. FDTS |
|---|---|---|---|---|
| AVDV | Avantis International Small Cap Value ETF | 21.5% | -44 bp | -2.6% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 17.3% | -31 bp | -3.8% |
| DISV | Dimensional International Small Cap Value ETF | 17.0% | -38 bp | -1.6% |
| DLS | WisdomTree International SmallCap Dividend Fund | 15.2% | -22 bp | -1.9% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 15.2% | -41 bp | -3.6% |
| GWX | SPDR S&P International Small Cap ETF | 15.1% | -40 bp | -4.3% |
| DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 14.8% | -22 bp | -3.0% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 14.7% | -22 bp | -2.9% |
| SCJ | iShares MSCI Japan Small-Cap ETF | 13.8% | -30 bp | -3.9% |
| DFIS | Dimensional International Small Cap ETF | 13.0% | -41 bp | -3.9% |
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 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
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 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™
FDTS
10.7%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FDTS's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FDTS in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDTSSELL
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 |
| FDTS (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) |
|
|---|---|---|---|
| FDTS | 80.0 | 60.9 | 140.9 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .