First Trust Developed Markets ex-US Fund (FDT)
NASDAQ (NMS) NASDAQ (NMS) Primary 
XMEX Summary
FDT Chart
FDT: Still Solid, But The Advantages Have Diminished
First Trust Developed Markets ex-US AlphaDEX ETF is downgraded to Hold after an updated assessment of its returns and risks versus peer funds. FDT's sector allocation has shifted, with industrials still leading, but financials sharply reduced, and information technology exposure notably increased. The fund's expense ratio is 0.80%, and fund turnover is now at 109%, raising cost concerns relative to peers with similar or better risk-adjusted returns.
FDT: Superior Fundamentals And Returns With High Volatility
First Trust Developed Markets Ex-US AlphaDEX ETF (FDT) offers a diversified, 300-stock portfolio focused on value or growth, with strong fundamentals and dividend growth. FDT emphasizes Japan and industrials, delivering higher earnings and sales growth than its benchmark, but exhibits high volatility and deep drawdowns. FDT has outperformed IDEV and peers, yet lags in Sharpe ratio due to risk profile and carries the highest expense ratio (0.80%).
First Trust Developed Markets ex-US Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 4,331 | $249,400.33 | $388,360.77 | $138,960.44 | 55.72% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 69,767 | $6.61M | $6.56M | -$49,345.01 | -0.75% |
| JF John Fales SEARCY FINANCIAL SERVICES Inc. /ADV | 5,628 | $275,884.56 | $504,662.76 | $228,778.2 | 82.93% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 39,233 | $3.12M | $3.66M | $542,090.32 | 17.37% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 3,065 | $266,440.45 | $288,003.03 | $21,562.58 | 8.09% |
First Trust Developed Markets ex-US Fund (FDT) FAQ
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First Trust Developed Markets ex-US Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund operates as an investment vehicle aiming to outperform traditional indices by implementing a strategic investment approach. By allocating at least 90% of its net assets, including any investment borrowings, into securities comprising the index, the fund seeks to harness potential alpha. Alpha, in investment terms, refers to the ability to achieve returns that exceed the market average on a risk-adjusted basis. The index in focus is derived from the NASDAQ Developed Markets Ex-US Index, which encompasses a broad spectrum of stocks outside the United States. To differentiate and potentially enhance returns, the fund employs the AlphaDEX® selection methodology. This approach is designed to select stocks that show the promise of generating positive alpha, thereby aiming for higher performance relative to traditional market-cap-weighted indices.
Products and Services
- Investment in Securities
The primary service offered by the fund is investing in a diversified portfolio of securities. These securities are carefully chosen based on the AlphaDEX® selection methodology from the NASDAQ Developed Markets Ex-US Index, targeting non-U.S. developed markets. The aim is to achieve a well-rounded investment strategy that not only targets capital growth but is also focused on risk-adjusted returns.
- AlphaDEX® Selection Methodology
A key distinguishing feature of the fund is the use of the AlphaDEX® selection methodology. This proprietary approach focuses on selecting stocks that are likely to generate positive alpha, thereby potentially offering investors better returns compared to standard indexing methods. Through analytical processes, stocks are evaluated and scored based on various growth and value factors, aiming to identify those with the highest potential to outperform.
