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
$ 40.4 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Apr 18, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FIBRA UNO ADMINISTRACION SA | 4.3 % |
| PROMOTORA Y OPERADORA DE INF | 4.1 % |
| COCA-COLA FEMSA SAB-SER L | 4.0 % |
| BBB FOODS INC. (CLASS A) | 3.8 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.7 % |
| TIM SA (BRAZIL) | 3.6 % |
| GERDAU S.A. | 3.6 % |
| SUZANO PAPEL E CELULOSE SA | 3.1 % |
| EMPRESAS COPEC SA | 3.0 % |
| ULTRAPAR PARTICIPACOES-SA | 2.9 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 254 |
| Wgt avg mkt cap (mns) | $109,253 |
| Large cap (>$10bn) | 38.1% |
| Mid cap ($2-10bn) | 50.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 90.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
BRAZIL | 48.8 % |
 |
MEXICO | 24.9 % |
 |
CHILE | 13.0 % |
 |
COLOMBIA | 2.1 % |
 |
PERU | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.7% | 19.4% | 19.1% | 11.8% | 7.2% | 3.6% | -- | -1.1% |
| Dividend Yield | 2.9% | 4.7% | 3.8% | 4.6% | 5.2% | 4.6% | -- | 3.8% |
| Total Returns | 15.6% | 24.2% | 22.9% | 16.4% | 12.4% | 8.2% | -- | 2.6% | Ann. Volatility | 23.0% | 22.1% | 21.3% | 20.7% | 27.1% | 36.2% | -- | 36.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 27% |
| MSCI EAFE | 0.94 | 45% |
| MSCI Emg Mkts | 0.52 | 36% |
Liquidity Measures
| Avg. volume (000) | 43 |
| ADV traded (mns) | $1 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.45% |
Technical Indicators
| 30d moving avg. (EMA) | $25.87 |
| Relative strength (RSI) | 38 |
| MACD/Signal | -0.76/-0.27 |
| Bollinger Bands (Upper/Lower) | $30.05/$22.82 |
| Short interest (% of AUM) | 0.4% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLN |
Expenses vs. FLN |
ALTAR Score™ vs. FLN |
|---|---|---|---|---|
| FLLA | Franklin FTSE Latin America ETF | 34.1% | -61 bp | +0.6% |
| FLBR | Franklin FTSE Brazil ETF | 28.2% | -61 bp | +4.9% |
| EWZ | iShares MSCI Brazil ETF | 26.7% | -21 bp | +3.1% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 18.2% | -5 bp | -2.9% |
| ILF | iShares Latin America 40 ETF | 16.6% | -33 bp | +0.4% |
| EWW | iShares MSCI Mexico ETF | 16.3% | -30 bp | -3.3% |
| FLMX | Franklin FTSE Mexico ETF | 16.1% | -61 bp | -2.9% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 15.9% | -5 bp | -2.5% |
| FEM | First Trust Emerging Markets AlphaDEX Fund | 14.0% | 0 bp | -1.9% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 12.3% | -10 bp | -1.4% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
11.6%
ALTAR SCORE™
91st
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. FLN's ALTAR Score™ is approximately 1.4 standard
deviations above the category average. This places FLN in the 91st percentile
among funds in the category.
Sell-Side Consensus
$29.03
PRICE TARGET
+22.1%
UPSIDE