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Reorganization
First Trust Australia AlphaDEX® Fund (NYSE Arca: FAUS), First Trust Canada AlphaDEX® Fund (Nasdaq: FCAN), First Trust Hong Kong AlphaDEX® Fund (Nasdaq: FHK), and First Trust South Korea AlphaDEX® Fund (Nasdaq: FKO), each an index based exchange-traded fund (“ETF”), reorganized into First Trust Developed Markets ex-US AlphaDEX® Fund (Nasdaq: FDT), another index based ETF, prior to the open of the NYSE Arca and Nasdaq on November 2, 2020. The exchange of shares took place based upon FAUS’, FCAN’s, FHK’s FKO’s and FDT’s closing net asset values on October 30, 2020, respectively. The exchange ratio at which shares of FAUS were exchanged for shares of FDT was 0.561515. The exchange ratio at which shares of FCAN were exchanged for shares of FDT was 0.428662. The exchange ratio at which shares of FHK were exchanged for shares of FDT is 0.717435. The exchange ratio at which shares of FKO were exchanged for shares of FDT is 0.424012.
Investment Objective/Strategy - The First Trust Developed Markets ex-US 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 Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The NASDAQ AlphaDEX® Developed Markets Ex-US 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.
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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.
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Each stock receives the best style rank from the previous step as its selection score.
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The top 300 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.
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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.
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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.
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The index is reconstituted and rebalanced semi-annually.
| Ticker | FDT |
| Fund Type | International Equity |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Brown Brothers Harriman |
| CUSIP | 33737J174 |
| ISIN | US33737J1741 |
| Intraday NAV | FDTIV |
| Fiscal Year-End | 12/31 |
| Exchange | Nasdaq |
| Inception | 4/18/2011 |
| Inception Price | $49.13 |
| Inception NAV | $49.13 |
| Rebalance Frequency | Semi-Annual |
| Expense Ratio | 0.80% |
| Closing NAV1 | $61.72 |
| Closing Market Price2 | $61.84 |
| Bid/Ask Midpoint | $61.83 |
| Bid/Ask Premium | 0.18% |
| 30-Day Median Bid/Ask Spread3 | 0.21% |
| Total Net Assets | $409,612,215 |
| Outstanding Shares | 6,636,412 |
| Daily Volume | 13,312 |
| Average 30-Day Daily Volume | 24,498 |
| Closing Market Price 52-Week High/Low | $65.73 / $48.30 |
| Closing NAV 52-Week High/Low | $65.83 / $48.36 |
| Number of Holdings (excluding cash) | 301 |
| Holding |
Percent |
| L&F Co., Ltd. |
0.64% |
| Northern Star Resources Limited |
0.64% |
| Kinross Gold Corporation |
0.63% |
| Samhallsbyggnadsbolaget i Norden AB |
0.61% |
| Nuvei Corporation (SV) |
0.60% |
| AddLife AB (Class B) |
0.59% |
| Equinor ASA |
0.59% |
| Idemitsu Kosan Co., Ltd. |
0.59% |
| Nordic Semiconductor ASA |
0.59% |
| West Fraser Timber Co. Ltd. |
0.59% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
| Maximum Market Cap. | $422,723 |
| Median Market Cap. | $9,147 |
| Minimum Market Cap. | $3,291 |
| Price/Earnings | 9.29 |
| Price/Book | 1.02 |
| Price/Cash Flow | 5.61 |
| Price/Sales | 0.74 |
| Country |
Percent |
| Japan |
23.81% |
| Canada |
11.99% |
| South Korea |
9.66% |
| United Kingdom |
8.88% |
| Sweden |
6.74% |
| Australia |
5.89% |
| Germany |
5.47% |
| France |
3.82% |
| Hong Kong |
3.21% |
| Italy |
2.93% |
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2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
| Days Traded at Premium |
66 |
19 |
17 |
41 |
| Days Traded at Discount |
187 |
42 |
46 |
23 |
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Materials
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20.39%
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Industrials
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16.62%
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Financials
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15.91%
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Consumer Discretionary
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12.70%
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Information Technology
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8.18%
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Real Estate
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7.49%
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Energy
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5.25%
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Communication Services
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4.20%
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Utilities
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4.00%
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Health Care
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2.74%
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Consumer Staples
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2.52%
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