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
83 bp
EXPENSES
$59.4 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | First Trust |
Category | International |
Asset class | Equity |
Website | link... |
Inception date | Apr 14, 2016 |
Assets (mns) | $59 |
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 +
NOVO NORDISK A/S-B | 4.8 % |
ASML HOLDING NV | 4.6 % |
SGS SA | 3.6 % |
NESTLE SA-REG | 3.5 % |
NOVARTIS AG | 2.9 % |
ROCHE HOLDING LTD | 2.7 % |
LVMH MOET HENNESSY LOUIS VUI | 2.5 % |
TOTAL SA | 2.4 % |
UNILEVER PLC | 2.2 % |
SHELL PLC | 2.2 % |
Constituent Breakdown
Number of holdings | 678 |
Herfindahl-Hirschman Index | 176 |
Wgt avg mkt cap (mns) | $136,295 |
Large cap (>$10bn) | 79.9% |
Mid cap ($2-10bn) | 18.0% |
Small cap (<$2bn) | 1.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
BRITAIN | 24.3 % | |
SWITZERLAND | 13.6 % | |
FRANCE | 13.0 % | |
GERMANY | 11.9 % | |
DENMARK | 7.2 % | |
NETHERLANDS | 6.1 % | |
SPAIN | 5.9 % | |
ITALY | 5.6 % | |
AUSTRIA | 2.0 % | |
SWEDEN | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 0.7% | 7.5% | 9.2% | -1.9% | 4.4% | -- | 5.8% | Volatility | 13.3% | 13.8% | 17.7% | 18.5% | 21.1% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.95 | 82% |
MSCI EAFE | 1.01 | 88% |
MSCI Emg Mkts | 0.68 | 41% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.56% |
ADV of underlying (mns) | $8,007 |
Technical Indicators
Recent close | $65.42 |
30d moving avg. | $66.05 |
Annualized volatility | 18.8% |
Relative strength (RSI) | 55 |
Short interest (ETF) | 0.2% |
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 |
---|---|---|---|---|
OEUR | ALPS O'Shares Europe Quality Dividend ETF | 43.2% | -35 bp | -2.9% |
RFDI | First Trust Riverfront Dynamic Developed International ETF | 40.6% | 0 bp | -0.1% |
IEV | iShares Europe ETF | 39.6% | -16 bp | -2.7% |
BBEU | JPMorgan BetaBuilders Europe ETF | 38.5% | -74 bp | -1.9% |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 37.9% | -58 bp | -2.0% |
IDHQ | Invesco S&P International Developed High Quality ETF | 37.1% | -54 bp | -2.6% |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 36.4% | -37 bp | -2.3% |
IEUR | iShares Core MSCI Europe ETF | 35.8% | -72 bp | -2.2% |
FLEE | Franklin FTSE Europe ETF | 35.5% | -74 bp | -1.9% |
VGK | Vanguard FTSE Europe ETF | 34.6% | -72 bp | -2.2% |
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 7/25/2024
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
RFEU
8.8%
Cat. Avg
7.2%
Fund Category: International
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.8% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. RFEU's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places RFEU in the 75th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RFEU
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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. | 62.0 | 34.3 | 96.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .