RFEU
First Trust Riverfront Dynamic Europe ETF
The First Trust RiverFront Dynamic Europe ETF is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.
International
EQUITY
Active
MANAGEMENT STYLE
6.2 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) | $6 |
| 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 +
| ASML HOLDING NV | 3.6 % |
| NESTLE SA-REG | 3.1 % |
| NOVARTIS AG | 2.9 % |
| ROCHE HOLDING LTD | 2.6 % |
| NOKIA OYJ | 2.6 % |
| UNILEVER PLC | 2.3 % |
| TOTAL SA | 2.2 % |
| LVMH MOET HENNESSY LOUIS VUI | 2.2 % |
| ALLIANZ SE-REG | 2.2 % |
| SHELL PLC | 2.1 % |
Constituent Breakdown
| Number of holdings | 95 |
| Herfindahl-Hirschman Index | 158 |
| Wgt avg mkt cap (mns) | $89,053 |
| Large cap (>$10bn) | 76.5% |
| Mid cap ($2-10bn) | 20.9% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 29.9 % |
 |
FRANCE | 13.0 % |
 |
SWITZERLAND | 11.9 % |
 |
GERMANY | 7.4 % |
 |
ITALY | 6.1 % |
 |
NETHERLANDS | 4.9 % |
 |
SPAIN | 4.4 % |
 |
FINLAND | 3.5 % |
 |
LUXEMBOURG | 2.6 % |
 |
SWEDEN | 2.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.2% | 13.7% | 11.8% | -3.3% | 4.1% | -- | 5.5% | Volatility | 14.1% | 14.0% | 14.7% | 18.8% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 79% |
| MSCI EAFE | 0.99 | 91% |
| MSCI Emg Mkts | 0.71 | 45% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.56% |
| ADV of underlying (mns) | $7,444 |
Technical Indicators
| Recent close | $61.78 |
| 30d moving avg. | $65.87 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.0% |
| 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. RFEU |
Expenses vs. RFEU |
ALTAR Score™ vs. RFEU |
|---|---|---|---|---|
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 33.9% | 0 bp | -1.2% |
| IEV | iShares Europe ETF | 31.5% | -16 bp | -4.5% |
| OEUR | ALPS O'Shares Europe Quality Dividend ETF | 31.1% | -35 bp | -5.4% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 30.8% | -58 bp | -3.9% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 30.6% | -54 bp | -4.7% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 30.2% | -74 bp | -4.0% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 29.2% | -37 bp | -4.7% |
| FLEE | Franklin FTSE Europe ETF | 28.6% | -74 bp | -3.9% |
| IEUR | iShares Core MSCI Europe ETF | 28.6% | -72 bp | -4.0% |
| VGK | Vanguard FTSE Europe ETF | 27.8% | -72 bp | -4.0% |
Risk and Returns: RFEU 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
RFEU
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™
RFEU
11.1%
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%. RFEU's ALTAR Score™ is approximately
1.5 standard deviations
above
the category average. This places RFEU in the 93rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RFEUSELL
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 |
| RFEU (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) |
|
|---|---|---|---|
| RFEU | 83.0 | 55.7 | 138.7 |
| Peer Avg. | 62.5 | 29.6 | 92.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .