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First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS)
Investment Objective/Strategy - The First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX® Developed Markets Ex-US Small Cap Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ Developed Markets Ex-US Index that meet certain criteria.
  • To construct the Index, Nasdaq ranks the eligible stocks on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives the best style rank from the previous step as its selection score.
  • The top 400 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally weighted within each quintile.
  • Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the country/sector weighting constraints, which are set at 15% above the benchmark weight.
    • If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its country/sector, is greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower in rank then move up one rank. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and replaced by the highest scoring stock not originally selected, subject to country/sector constraints. This process continues until all the country/sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.
Fund Overview
TickerFDTS
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33737J406
ISINUS33737J4067
Intraday NAVFDTSIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception2/15/2012
Inception Price$30.48
Inception NAV$30.48
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 5/18/2022)
Closing NAV1$40.26
Closing Market Price2$40.17
Bid/Ask Midpoint$39.66
Bid/Ask Discount1.50%
30-Day Median Bid/Ask Spread31.04%
Total Net Assets$10,064,935
Outstanding Shares250,002
Daily Volume1,533
Average 30-Day Daily Volume1,696
Closing Market Price 52-Week High/Low$49.78 / $38.55
Closing NAV 52-Week High/Low$49.47 / $38.84
Number of Holdings (excluding cash)402
Top Holdings (as of 5/18/2022)*
Holding Percent
Cosmo Energy Holdings Co., Ltd. 0.56%
D/S Norden A/S 0.55%
Grange Resources Limited 0.53%
Whitehaven Coal Limited 0.53%
Advantage Energy Ltd. 0.51%
Baytex Energy Corp. 0.51%
GrainCorp Limited 0.51%
Cardinal Energy Ltd. 0.50%
Daeduck Electronics Co., Ltd. 0.50%
Trican Well Service Ltd. 0.50%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 5/19/2022)4$0.0610
30-Day SEC Yield (as of 4/29/2022)53.06%
12-Month Distribution Rate (as of 4/29/2022)62.75%
Index Yield (as of 4/29/2022)73.32%
Fund Characteristics (as of 4/29/2022)9
Maximum Market Cap.$4,144
Median Market Cap.$1,298
Minimum Market Cap.$329
Price/Earnings5.46
Price/Book0.96
Price/Cash Flow4.11
Price/Sales0.49
Top Country Exposure (as of 5/18/2022)
Country Percent
Japan 23.04%
South Korea 19.44%
Canada 15.11%
Australia 11.12%
United Kingdom 5.42%
Israel 3.96%
Hong Kong 3.36%
Norway 3.15%
France 1.66%
Germany 1.62%
Bid/Ask Premium/Discount (as of 5/18/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 160 14 7 ---
Days Traded at Discount 92 48 26 ---
Top Sector Exposure (as of 5/18/2022)
Materials 22.30%
Energy 17.25%
Industrials 15.75%
Consumer Discretionary 11.75%
Information Technology 8.68%
Real Estate 6.63%
Financials 6.25%
Communication Services 3.78%
Consumer Staples 3.40%
Health Care 2.55%
Utilities 1.66%
Hypothetical Growth of $10,000 Since Inception (as of 5/18/2022) *