RFDI
First Trust Riverfront Dynamic Developed International ETF
The First Trust RiverFront Dynamic Developed International ETF is an actively-managed fund that seeks capital appreciation from developed-country stocks (including the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.
International
EQUITY
Active
MANAGEMENT STYLE
101.0 M
ASSETS UNDER MGMT
83 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 14, 2016 |
| Assets (mns) | $101 |
| Expense ratio | 83 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HSBC HOLDINGS PLC | 2.2 % |
| SHELL PLC | 2.1 % |
| NOVARTIS AG | 1.9 % |
| RECRUIT HOLDINGS CO LTD | 1.8 % |
| UBS GROUP AG | 1.7 % |
| TOTAL SA | 1.6 % |
| ALLIANZ SE-REG | 1.5 % |
| ADVANTEST CORP | 1.5 % |
| RECKITT BENCKISER GROUP PLC | 1.5 % |
| ABB LTD. | 1.5 % |
Constituent Breakdown
| Number of holdings | 161 |
| Herfindahl-Hirschman Index | 96 |
| Wgt avg mkt cap (mns) | $73,217 |
| Large cap (>$10bn) | 76.7% |
| Mid cap ($2-10bn) | 21.9% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 23.8 % |
 |
JAPAN | 22.1 % |
 |
FRANCE | 8.7 % |
 |
AUSTRALIA | 7.8 % |
 |
SWITZERLAND | 7.7 % |
 |
GERMANY | 6.0 % |
 |
ITALY | 5.0 % |
 |
CANADA | 2.9 % |
 |
DENMARK | 2.1 % |
 |
SPAIN | 2.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.9% | 14.1% | 12.0% | 0.6% | 5.3% | -- | 5.8% | Volatility | 12.9% | 13.0% | 14.0% | 17.2% | 19.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 77% |
| MSCI EAFE | 1.01 | 93% |
| MSCI Emg Mkts | 0.78 | 56% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $13,377 |
Technical Indicators
| Recent close | $60.60 |
| 30d moving avg. | $63.72 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.1% |
| 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. RFDI |
Expenses vs. RFDI |
ALTAR Score™ vs. RFDI |
|---|---|---|---|---|
| RFEU | First Trust Riverfront Dynamic Europe ETF | 34.0% | 0 bp | +1.3% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 33.4% | -74 bp | -2.0% |
| DOL | WisdomTree International LargeCap Dividend Fund | 33.1% | -35 bp | -2.3% |
| EFV | iShares MSCI EAFE Value ETF | 31.6% | -49 bp | -0.5% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 30.6% | -53 bp | -2.8% |
| IVLU | iShares MSCI Intl Value Factor ETF | 30.3% | -53 bp | +1.6% |
| STXI | Strive International Developed Markets ETF | 30.1% | -54 bp | -3.3% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 29.3% | -53 bp | -3.9% |
| DWM | WisdomTree International Equity Fund | 29.2% | -35 bp | -2.2% |
| INTF | iShares International Equity Factor ETF | 29.2% | -68 bp | -2.0% |
Risk and Returns: RFDI 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 12/20/2024
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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
RFDI
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RFDI
10.3%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. RFDI's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places RFDI in the 85th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RFDISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| RFDI (83 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RFDI | 83.0 | 7.3 | 90.3 |
| Peer Avg. | 42.8 | 45.3 | 88.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .