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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 NASDAQ AlphaDEX® Developed Markets Ex-US Small Cap 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
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$30.48
Inception NAV$30.48
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 10/26/2021)
Closing NAV1$47.97
Closing Market Price2$48.11
Bid/Ask Midpoint$48.11
Bid/Ask Premium0.29%
30-Day Median Bid/Ask Spread30.59%
Total Net Assets$11,992,750
Outstanding Shares250,002
Daily Volume1,143
Average 30-Day Daily Volume1,802
Closing Market Price 52-Week High/Low$49.78 / $35.15
Closing NAV 52-Week High/Low$49.47 / $35.50
Number of Holdings (excluding cash)405
Top Holdings (as of 10/26/2021)*
Holding Percent
Wemade Co., Ltd. 0.94%
Baytex Energy Corp. 0.50%
El.En. SpA 0.49%
Equinox Gold Corp. 0.49%
NuVista Energy Ltd. 0.49%
Torex Gold Resources Inc. 0.48%
Snow Peak Inc. 0.47%
Tamarack Valley Energy Ltd. 0.47%
Bure Equity AB 0.46%
Migdal Insurance & Financial Holdings Ltd. 0.46%

* 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 10/27/2021)4$0.0705
30-Day SEC Yield (as of 9/30/2021)55.16%
12-Month Distribution Rate (as of 9/30/2021)62.34%
Index Yield (as of 9/30/2021)72.26%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$8,577
Median Market Cap.$1,361
Minimum Market Cap.$351
Price/Cash Flow4.92
Top Country Exposure (as of 10/26/2021)
Country Percent
Japan 30.16%
South Korea 20.83%
Canada 12.66%
Australia 6.75%
United Kingdom 4.78%
Hong Kong 3.86%
Germany 3.32%
Italy 2.82%
Singapore 2.17%
Sweden 1.99%
Bid/Ask Premium/Discount (as of 10/26/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 71 15 42 53
Days Traded at Discount 182 46 21 11
Top Sector Exposure (as of 10/26/2021)
Materials 18.38%
Industrials 18.00%
Consumer Discretionary 16.75%
Information Technology 8.92%
Financials 8.78%
Energy 8.44%
Real Estate 6.97%
Health Care 4.51%
Consumer Staples 4.20%
Communication Services 4.19%
Utilities 0.86%
Hypothetical Growth of $10,000 Since Inception (as of 10/25/2021) *