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
72.7 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) | $73 |
| 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 +
| BAYERISCHE MOTOREN WERKE AG | 4.8 % |
| COMMERZBANK AG | 4.5 % |
| AURUBIS AG | 4.4 % |
| DAIMLER AG-REGISTERED SHARES | 4.3 % |
| HOCHTIEF AG | 4.3 % |
| AUTO1 GROUP SE | 4.2 % |
| SIEMENS ENERGY AG | 3.9 % |
| RWE AG | 3.9 % |
| DEUTSCHE LUFTHANSA-REG | 3.7 % |
| TALANX AG | 3.6 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 308 |
| Wgt avg mkt cap (mns) | $34,666 |
| Large cap (>$10bn) | 83.4% |
| Mid cap ($2-10bn) | 16.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 93.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
GERMANY | 97.1 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 44.5% | 48.1% | 17.6% | 17.2% | 5.3% | 3.9% | -- | 4.5% |
| Dividend Yield | 0.0% | 0.0% | 0.8% | 2.0% | 2.3% | 2.1% | -- | 2.0% |
| Total Returns | 44.5% | 48.1% | 18.4% | 19.2% | 7.6% | 6.0% | -- | 6.5% | Ann. Volatility | 27.1% | 23.6% | 20.6% | 23.7% | 24.2% | 23.2% | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 43% |
| MSCI EAFE | 1.05 | 60% |
| MSCI Emg Mkts | 0.80 | 36% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 1.50% |
Technical Indicators
| Recent close | $58.18 |
| 30d moving avg. | $56.76 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 60 |
| Short interest | 2.0% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EWG | iShares MSCI Germany ETF | 33.7% | -30 bp | +5.9% |
| DAX | Global X DAX Germany ETF | 31.9% | -59 bp | +6.4% |
| FLGR | Franklin FTSE Germany ETF | 26.9% | -71 bp | +6.7% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 26.1% | 0 bp | +8.6% |
| FEP | First Trust Europe AlphaDEX Fund | 18.1% | 0 bp | +8.6% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 12.9% | -31 bp | +3.7% |
| EZU | iShares MSCI Eurozone ETF | 12.6% | -28 bp | +6.5% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 11.6% | -35 bp | +6.8% |
| FPXE | First Trust IPOX Europe Equity Opportunities ETF | 10.7% | -10 bp | +5.3% |
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
| 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 8/18/2025
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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
7.0%
ALTAR Score™ Calculation
Category Overview
There are 264 funds in the International Equity category, with an average ALTAR Score™
of 7.0% and a standard deviation of
1.8%. FGM's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places FGM in the 47th 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 |
| (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 | 0.0 | 80 |
| Peer Avg. | 52.5 | 62.6 | 115.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .