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
15.1 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) | $15 |
| 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 +
| EMPRESA BRAS DE AERONAUTICA | 3.8 % |
| S.A.C.I. FALABELLA | 3.6 % |
| PROLOGIS PROPERTY MEXICO SA | 3.6 % |
| GERDAU S.A. | 3.5 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.4 % |
| COCA-COLA FEMSA SAB-SER L | 3.3 % |
| REDE D'OR SAO LUIZ SA | 3.2 % |
| VIBRA ENERGIA SA | 3.2 % |
| VALE SA | 3.0 % |
| JBS SA | 3.0 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 247 |
| Wgt avg mkt cap (mns) | $15,075 |
| Large cap (>$10bn) | 39.8% |
| Mid cap ($2-10bn) | 55.1% |
| Small cap (<$2bn) | 1.1% |
| Developed mkts. | 2.5% |
| Emerging mkts. | 97.5% |
Country Exposure
 |
BRAZIL | 50.7 % |
 |
MEXICO | 29.2 % |
 |
CHILE | 8.7 % |
 |
PERU | 2.3 % |
 |
CAYMAN ISLANDS | 2.2 % |
 |
COLOMBIA | 2.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -15.8% | 1.5% | 4.3% | 5.7% | 0.3% | 1.3% | -0.6% | Volatility | 18.7% | 19.0% | 20.6% | 23.3% | 31.5% | 29.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 52% |
| MSCI EAFE | 1.03 | 56% |
| MSCI Emg Mkts | 0.73 | 27% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 1.33% |
| ADV of underlying (mns) | $1,829 |
Technical Indicators
| Recent close | $16.75 |
| 30d moving avg. | $17.63 |
| Annualized volatility | 24.3% |
| Relative strength (RSI) | 42 |
| 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. FLN |
Expenses vs. FLN |
ALTAR Score™ vs. FLN |
|---|---|---|---|---|
| FBZ | First Trust Brazil AlphaDEX Fund | 46.5% | 0 bp | +4.8% |
| FLLA | Franklin FTSE Latin America ETF | 38.4% | -61 bp | +4.8% |
| FLBR | Franklin FTSE Brazil ETF | 33.9% | -61 bp | +4.8% |
| EWZ | iShares MSCI Brazil ETF | 32.1% | -22 bp | +1.9% |
| ILF | iShares Latin America 40 ETF | 18.5% | -32 bp | +2.0% |
| EWW | iShares MSCI Mexico ETF | 17.5% | -30 bp | +4.7% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 17.1% | -5 bp | -0.2% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 15.1% | 0 bp | +4.7% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 14.2% | -5 bp | +0.6% |
| FLMX | Franklin FTSE Mexico ETF | 13.4% | -61 bp | +7.9% |
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
| 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 11/15/2024
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
FLN
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FLN
8.4%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. FLN's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FLN in the 56th 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
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FLN (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) |
|
|---|---|---|---|
| FLN | 80.0 | 133.1 | 213.1 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .