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
7.3 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) | $7 |
| 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 | 4.5 % |
| NOVARTIS AG | 3.1 % |
| ROCHE HOLDING LTD | 3.1 % |
| NESTLE SA-REG | 3.0 % |
| NOKIA OYJ | 3.0 % |
| BANCO BILBAO VIZCAYA ARGENTA | 2.7 % |
| ALLIANZ SE-REG | 2.6 % |
| LVMH MOET HENNESSY LOUIS VUI | 2.2 % |
| UNILEVER PLC | 2.1 % |
| BOUYGUES SA | 2.1 % |
Constituent Breakdown
| Number of holdings | 92 |
| Herfindahl-Hirschman Index | 172 |
| Wgt avg mkt cap (mns) | $97,280 |
| Large cap (>$10bn) | 76.6% |
| Mid cap ($2-10bn) | 18.8% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 28.7 % |
 |
SWITZERLAND | 12.0 % |
 |
FRANCE | 12.0 % |
 |
ITALY | 7.2 % |
 |
GERMANY | 7.1 % |
 |
SPAIN | 5.4 % |
 |
NETHERLANDS | 5.2 % |
 |
FINLAND | 4.1 % |
 |
GREECE | 2.8 % |
 |
LUXEMBOURG | 2.2 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.3% | 13.9% | 13.8% | 10.4% | 5.4% | -- | -- | 3.7% |
| Dividend Yield | 0.6% | 0.6% | 1.7% | 3.0% | 2.9% | -- | -- | 2.8% |
| Total Returns | 23.0% | 14.5% | 15.5% | 13.5% | 8.3% | -- | -- | 6.6% | Ann. Volatility | 16.8% | 16.8% | 15.4% | 15.4% | 17.7% | -- | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 42% |
| MSCI EAFE | 0.68 | 56% |
| MSCI Emg Mkts | 0.51 | 36% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 1.14% |
Technical Indicators
| 30d moving avg. (EMA) | $72.24 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.00/0.28 |
| Bollinger Bands (Upper/Lower) | $74.38/$71.03 |
| Short interest (% of AUM) | 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 | 32.4% | 0 bp | +8.9% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 30.8% | -54 bp | +6.4% |
| IEV | iShares Europe ETF | 30.5% | -16 bp | +6.5% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 29.3% | -58 bp | +7.0% |
| BBEU | JPMorgan BetaBuilders Europe ETF | 28.7% | -74 bp | +6.9% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 28.4% | -37 bp | +6.4% |
| IEUR | iShares Core MSCI Europe ETF | 27.9% | -72 bp | +7.0% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 27.8% | -53 bp | +6.1% |
| VGK | Vanguard FTSE Europe ETF | 27.8% | -77 bp | +7.2% |
| FLEE | Franklin FTSE Europe ETF | 27.4% | -74 bp | +7.0% |
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
| 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 11/30/2025
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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
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
9.9%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 269 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. RFEU's ALTAR Score™ is approximately
1.8 standard deviations
above
the category average. This places RFEU in the 96th 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
Bid/Ask Spreads
114 bp
AVG SPREAD
28 —
1,613 bp
RANGE