Thomas Kadlec - First Trustaberdeen Lead Independent Trustee
Thomas Kadlec is Fund Manager at First Trustaberdeen Emerging
Mr. Thomas R. Kadlec is an Lead Independent Trustee of First TrustAberdeen Emerging Opportunity Fund. He is President of ADM Investor Services Inc., a futures commission merchant and whollyowned subsidiary of the Archer Daniels Midland Company . Mr. Kadlec was employed by ADMIS and its affiliates since 1990 in various accounting, financial, operations and risk management capacities. Mr. Kadlec serves on the boards of several international affiliates of ADMIS and is a member of ADM Integrated Risk Committee, which is tasked with the duty of implementing and communicating enterprisewide risk management. Mr. Kadlec has served as a Trustee of each Fund since its inception. Mr. Kadlec also served on the Executive Committee from the organization of the first First Trust Closedend Fund in 2003 until he was elected as the first Lead Independent Trustee in December 2005, serving as such through 2007. He also served as Chairman of the Valuation Committee and Chairman of the Audit Committee, and he currently serves as Chairman of the Nominating and Governance Committee of the First Trust Funds.
| Age | 63 |
| Tenure | 8 years |
| Phone | 630-765-8000 |
| Web | https://www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FEO |
First Trustaberdeen Management Performance (%)
The company has Return on Asset of 2.26 % which means that on every $100 spent on assets, it made $2.26 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (34.79) %, meaning that it generated no profit with money invested by stockholders. First Trustaberdeen's management efficiency ratios could be used to measure how well First Trustaberdeen manages its routine affairs as well as how well it operates its assets and liabilities.First Trustaberdeen Emerging has 5.8 M in debt with debt to equity (D/E) ratio of 0.12, which may show that the company is not taking advantage of profits from borrowing. First Trustaberdeen has a current ratio of 0.42, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist First Trustaberdeen until it has trouble settling it off, either with new capital or with free cash flow. So, First Trustaberdeen's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trustaberdeen sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trustaberdeen's use of debt, we should always consider it together with cash and equity.
Management Performance
| Return On Equity | -34.79 | |||
| Return On Asset | 2.26 |
First Trustaberdeen Leadership Team
Elected by the shareholders, the First Trustaberdeen's board of directors comprises two types of representatives: First Trustaberdeen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Trustaberdeen's management team and ensure that shareholders' interests are well served. First Trustaberdeen's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Trustaberdeen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Bowen, Chairman of the Board of Trustees | ||
| Richard Erickson, Independent Trustee | ||
| Niel Nielson, Independent Trustee | ||
| Robert Keith, Lead Independent Trustee | ||
| James Dykas, Chief Financial Officer, Chief Accounting Officer, Treasurer | ||
| Denise Keefe, Trustee | ||
| Kristi Maher, Chief Compliance Officer and Assistant Secretary | ||
| Daniel Lindquist, Vice President | ||
| Donald Swade, Chief Financial Officer, Chief Accounting Officer, Treasurer | ||
| Mark Bradley, President, Chief Executive Officer | ||
| Thomas Kadlec, Lead Independent Trustee | ||
| W Jardine, Secretary, Chief Legal Officer |
First Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is First Trustaberdeen a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -34.79 | |||
| Return On Asset | 2.26 | |||
| Operating Margin | 72.14 % | |||
| Current Valuation | 48.42 M | |||
| Shares Outstanding | 4.99 M | |||
| Shares Owned By Insiders | 12.79 % | |||
| Shares Owned By Institutions | 54.03 % | |||
| Number Of Shares Shorted | 10.97 K | |||
| Price To Earning | 5.30 X | |||
| Price To Book | 0.59 X |
Pair Trading with First Trustaberdeen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trustaberdeen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trustaberdeen will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in First Fund
If you are still planning to invest in First Trustaberdeen check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First Trustaberdeen's history and understand the potential risks before investing.
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |