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
$ 106.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Feb 14, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AURUBIS AG | 5.6 % |
| NORDEX AG | 5.4 % |
| HOCHTIEF AG | 4.9 % |
| LEG IMMOBILIEN AG | 4.2 % |
| BILFINGER BERGER AG | 4.1 % |
| DEUTSCHE LUFTHANSA-REG | 4.0 % |
| AROUNDTOWN SA | 3.9 % |
| BAYERISCHE MOTOREN WERKE AG | 3.9 % |
| BAYER AG | 3.7 % |
| SCHAEFFLER AG | 3.7 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 325 |
| Wgt avg mkt cap (mns) | $28,573 |
| Large cap (>$10bn) | 53.3% |
| Mid cap ($2-10bn) | 41.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.7% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
GERMANY | 92.2 % |
 |
LUXEMBOURG | 3.9 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.4% | 58.0% | 33.9% | 21.0% | 6.4% | 7.6% | -- | 6.0% |
| Dividend Yield | 0.0% | 1.1% | 2.2% | 2.5% | 2.8% | 2.4% | -- | 2.2% |
| Total Returns | 11.4% | 59.1% | 36.1% | 23.5% | 9.2% | 10.1% | -- | 8.2% | Ann. Volatility | 17.7% | 22.2% | 20.5% | 20.7% | 24.3% | 23.1% | -- | 22.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 42% |
| MSCI EAFE | 1.15 | 74% |
| MSCI Emg Mkts | 0.86 | 50% |
Liquidity Measures
| Avg. volume (000) | 20 |
| ADV traded (mns) | $1 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.50% |
Technical Indicators
| 30d moving avg. (EMA) | $63.63 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -2.15/-1.64 |
| Bollinger Bands (Upper/Lower) | $71.23/$55.98 |
| Short interest (% of AUM) | 0.3% |
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 |
|---|---|---|---|---|
| FLGR | Franklin FTSE Germany ETF | 29.5% | -71 bp | +0.6% |
| EWG | iShares MSCI Germany ETF | 29.2% | -30 bp | +0.0% |
| DAX | Global X DAX Germany ETF | 26.8% | -59 bp | +0.2% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 26.1% | 0 bp | +1.4% |
| JIVE | JPMorgan International Value ETF | 21.3% | -25 bp | +2.8% |
| FEP | First Trust Europe AlphaDEX Fund | 16.0% | 0 bp | +1.5% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 13.9% | -31 bp | -1.5% |
| EZU | iShares MSCI Eurozone ETF | 12.0% | -28 bp | +0.1% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 11.3% | -35 bp | 0.0% |
| FEZ | SPDR EURO STOXX 50 ETF | 10.8% | -51 bp | +0.2% |
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 (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 3/22/2026
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
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
7.1%
ALTAR SCORE™
58th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 342 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.7%. FGM's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places FGM in the 58th percentile
among funds in the category.
Sell-Side Consensus
$69.38
PRICE TARGET
+20.3%
UPSIDE