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
74.8 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) | $75 |
| 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 +
| HOCHTIEF AG | 5.8 % |
| AURUBIS AG | 5.3 % |
| RWE AG | 4.8 % |
| SIEMENS ENERGY AG | 4.6 % |
| BAYERISCHE MOTOREN WERKE AG | 4.6 % |
| DAIMLER AG-REGISTERED SHARES | 4.6 % |
| COMMERZBANK AG | 4.0 % |
| NORDEX AG | 3.6 % |
| DEUTSCHE LUFTHANSA-REG | 3.6 % |
| CONTINENTAL AG | 3.6 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 333 |
| Wgt avg mkt cap (mns) | $35,549 |
| Large cap (>$10bn) | 66.8% |
| Mid cap ($2-10bn) | 29.1% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
GERMANY | 97.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 53.0% | 52.2% | 25.0% | 18.7% | 3.7% | 4.9% | -- | 4.8% |
| Dividend Yield | 0.0% | 0.0% | 0.9% | 1.5% | 2.2% | 2.1% | -- | 2.0% |
| Total Returns | 53.0% | 52.2% | 25.9% | 20.3% | 5.9% | 7.0% | -- | 6.8% | Ann. Volatility | 23.4% | 22.8% | 20.0% | 20.3% | 23.9% | 23.0% | -- | 22.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 38% |
| MSCI EAFE | 1.17 | 72% |
| MSCI Emg Mkts | 0.88 | 46% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.66% |
Technical Indicators
| 30d moving avg. (EMA) | $58.08 |
| Relative strength (RSI) | 53 |
| MACD/Signal | -0.18/-0.17 |
| Bollinger Bands (Upper/Lower) | $60.32/$56.05 |
| 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 |
|---|---|---|---|---|
| EWG | iShares MSCI Germany ETF | 34.0% | -30 bp | +6.6% |
| DAX | Global X DAX Germany ETF | 31.4% | -59 bp | +7.0% |
| FLGR | Franklin FTSE Germany ETF | 29.2% | -71 bp | +7.2% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 26.3% | 0 bp | +7.4% |
| FEP | First Trust Europe AlphaDEX Fund | 16.7% | 0 bp | +7.8% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 13.3% | -35 bp | +6.7% |
| EZU | iShares MSCI Eurozone ETF | 12.3% | -28 bp | +6.4% |
| IDMO | Invesco S&P International Developed Momentum ETF | 11.4% | -55 bp | +5.8% |
| FEZ | SPDR EURO STOXX 50 ETF | 11.2% | -51 bp | +6.4% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 10.7% | -31 bp | +4.7% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/5/2025
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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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FGM
6.8%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 271 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. FGM's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places FGM in the 50th 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