FGM
First Trust Germany AlphaDEX Fund
First Trust Germany AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Germany Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
7.6 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 14, 2012 |
| Assets (mns) | $8 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SIEMENS ENERGY AG | 6.6 % |
| COMMERZBANK AG | 4.5 % |
| HOCHTIEF AG | 4.3 % |
| DEUTSCHE BANK AG-REGISTERED | 4.2 % |
| HEIDELBERGCEMENT AG | 3.9 % |
| SAP AG | 3.8 % |
| RHEINMETALL AG | 3.7 % |
| DEUTSCHE LUFTHANSA-REG | 3.6 % |
| PORSCHE AUTOMOBIL HLDG-PFD | 3.5 % |
| CONTINENTAL AG | 3.5 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 317 |
| Wgt avg mkt cap (mns) | $38,705 |
| Large cap (>$10bn) | 78.6% |
| Mid cap ($2-10bn) | 21.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
GERMANY | 99.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.8% | 16.2% | 12.8% | -8.8% | 0.9% | 3.1% | 3.9% | Volatility | 17.0% | 17.0% | 20.5% | 26.4% | 26.6% | 22.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 59% |
| MSCI EAFE | 1.25 | 85% |
| MSCI Emg Mkts | 1.01 | 54% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 1.50% |
| ADV of underlying (mns) | $2,309 |
Technical Indicators
| Recent close | $37.81 |
| 30d moving avg. | $39.15 |
| Annualized volatility | 24.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 5.4% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FGM |
Expenses vs. FGM |
ALTAR Score™ vs. FGM |
|---|---|---|---|---|
| EWG | iShares MSCI Germany ETF | 40.0% | -30 bp | +0.3% |
| DAX | Global X DAX Germany ETF | 36.0% | -59 bp | +0.9% |
| FLGR | Franklin FTSE Germany ETF | 36.0% | -71 bp | +1.0% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 20.2% | 0 bp | +0.6% |
| EZU | iShares MSCI Eurozone ETF | 18.0% | -28 bp | +0.6% |
| FLEU | Franklin FTSE Eurozone ETF | 17.3% | -71 bp | +1.2% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 17.0% | -35 bp | +0.5% |
| HEDJ | WisdomTree Europe Hedged Equity Fund | 16.6% | -22 bp | +3.4% |
| FEZ | SPDR EURO STOXX 50 ETF | 14.8% | -51 bp | +0.7% |
| EQIN | Columbia US Equity Income ETF | 13.2% | -45 bp | +2.3% |
Risk and Returns: FGM 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/14/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FGM
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FGM
6.0%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FGM's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places FGM in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FGMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FGM (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FGM | 80.0 | 150.3 | 230.3 |
| Peer Avg. | 43.5 | 29.9 | 73.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .