First Trust Riverfront Dynamic Europe ETF
ALTAR
Score™
6.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
14.6x P/Sales
ratio
1.3x
P/BV
ratio
1.9x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Apr 14, 2016
Assets (mns) $26
Currency USD
Expense ratio 83 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 127
Wgt avg mkt cap (mns) $70,060
Large cap (>$10bn) 81.0%
Mid cap ($2-10bn) 16.2%
Small cap (<$2bn) 2.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 4.8 %
ROCHE HOLDING AG-GENUSSCHEIN 3.7 %
NOVARTIS AG-REG 2.8 %
NOVO NORDISK A/S-B 2.0 %
GLAXOSMITHKLINE PLC 1.8 %
BP PLC 1.7 %
L'OREAL 1.5 %
UNILEVER NV 1.5 %
ENEL SPA 1.5 %
IBERDROLA SA 1.5 %
Total 22.9 %

TOP COUNTRY EXPOSURE
BRITAIN 24.4 %
SWITZERLAND 17.9 %
FRANCE 12.8 %
GERMANY 7.5 %
SWEDEN 6.8 %
NETHERLANDS 5.9 %
DENMARK 5.5 %
SPAIN 3.9 %
ITALY 3.7 %
FINLAND 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 29)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.8% -2.3% -- -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.92 67%
MSCI EAFE 1.15 93%
MSCI Emg. Mkts. 0.84 72%

Technical Indicators
Recent close $46.70
30d moving avg. $51.71
Annualized volatility 14.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.4%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $9,878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust Riverfront Dynamic Europe ETF ETF based on the alternatives' overlap in portfolio holdings with RFEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFEU Expense: 83 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFEU
Ticker Fund
Name
Overlap1
vs RFEU
(%)
Expense
ratio
(bp)
Savings
vs RFEU
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFEU
(%)
RFDI First Trust Riverfront Dynamic Developed International ETF 49.3 83 0 7.8 +1.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 45.6 25 58 8.3 +1.9
IEV iShares Europe ETF 45.6 59 24 8.5 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 44.3 9 74 9.0 +2.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 44.0 45 38 8.1 +1.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 43.9 30 53 8.5 +2.1
FLEE Franklin FTSE Europe ETF 43.6 9 74 8.7 +2.3
OEUR O'shares FTSE Europe Quality Dividend ETF 43.4 48 35 7.8 +1.4
FLEH Franklin FTSE Europe Hedged ETF 43.4 9 74 8.6 +2.3
IEUR iShares Core MSCI Europe ETF 41.4 9 74 9.1 +2.7
VGK Vanguard FTSE Europe ETF 40.7 8 75 9.2 +2.9
FEU SPDR Portfolio Europe ETF 39.9 9 74 9.1 +2.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 36.1 30 53 7.3 +1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 34.8 30 53 5.6 -0.7
EUMV iShares Edge MSCI Min Vol Europe ETF 34.7 25 58 6.4 +0.1
DOL WisdomTree International LargeCap Dividend Fund 33.1 48 35 10.4 +4.1
QEFA SPDR MSCI EAFE Quality Mix ETF 32.4 30 53 7.9 +1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 31.8 58 25 7.7 +1.4
IQSI IQ Candriam ESG International Equity ETF 31.7 15 68 8.8 +2.4
EFG iShares MSCI EAFE Growth ETF 31.7 40 43 5.7 -0.6
EFA iShares MSCI EAFE ETF 31.2 32 51 8.7 +2.3
IDHQ Invesco S&P International Developed High Quality ETF 30.6 29 54 6.5 +0.2
IDMO Invesco S&P International Developed Momentum ETF 30.6 25 58 5.6 -0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.5 35 48 8.4 +2.1
JPEU JPMorgan Diversified Return Europe Equity ETF 30.2 37 46 8.7 +2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 29.8 20 63 8.7 +2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 29.1 20 63 8.7 +2.3
HFXI IQ 50 Percent Hedged FTSE International ETF 28.9 20 63 9.0 +2.7
PDEV Principal International Multi-Factor Core Index ETF 28.8 25 58 8.2 +1.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 28.4 7 76 9.2 +2.8
IDY Pacific Global International Equity Income ETF 27.7 39 44 10.6 +4.3
IEFA iShares Core MSCI EAFE ETF 27.6 7 76 8.9 +2.6
DWM WisdomTree International Equity Fund 27.4 48 35 10.3 +3.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.2 35 48 10.5 +4.2
JHMD John Hancock Multifactor Developed International ETF 27.1 45 38 9.1 +2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.8 25 58 8.3 +2.0
SCHF Schwab International Equity ETF 26.3 6 77 9.0 +2.7
EZU iShares MSCI Eurozone ETF 26.2 49 34 8.8 +2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 26.2 48 35 0.0 -6.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.1 14 69 8.3 +2.0
IDEV iShares Core MSCI International Developed Markets ETF 25.8 5 78 8.9 +2.6
EURZ Xtrackers Eurozone Equity ETF 25.7 9 74 9.0 +2.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.3 45 38 8.6 +2.3
VIGI Vanguard International Dividend Appreciation ETF 24.6 25 58 6.9 +0.6
FDEV Fidelity Targeted International Factor ETF 24.1 39 44 7.5 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 23.8 4 79 8.9 +2.5
VEA Vanguard FTSE Developed Markets ETF 23.5 5 78 9.2 +2.9
ISDX Invesco Strategic Developed ex-US ETF 23.4 23 60 9.8 +3.4
CWI SPDR MSCI ACWI ex-US ETF 23.1 30 53 9.1 +2.8
SCID Global X Scientific Beta Europe ETF 22.9 38 45 8.8 +2.5
IQDG WisdomTree International Quality Dividend Growth Fund 22.8 38 45 7.8 +1.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 22.7 58 25 7.6 +1.3
IGRO iShares International Dividend Growth ETF 22.3 22 61 9.7 +3.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 22.3 45 38 11.1 +4.8
RNDM Developed International Equity Select ETF 22.2 65 18 8.0 +1.7
FIVA Fidelity International Value Factor ETF 22.1 39 44 13.0 +6.6
FNDF Schwab Fundamental International Large Co. Index ETF 22.0 25 58 10.8 +4.4
QINT American Century Quality Diversified International ETF 21.9 39 44 7.4 +1.1
FLGB Franklin FTSE United Kingdom ETF 21.8 9 74 9.1 +2.7
EWU iShares MSCI United Kingdom ETF 21.5 50 33 8.5 +2.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.5 32 51 7.4 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 21.3 32 51 9.1 +2.8
DOO WisdomTree International Dividend ex-Financials Fund 21.0 58 25 10.7 +4.4
DWMF WisdomTree International Multifactor Fund 20.9 38 45 8.0 +1.6
QGBR SPDR MSCI UK StrategicFactors ETF 20.7 14 69 9.1 +2.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.6 40 43 8.8 +2.5
IQIN IQ 500 International ETF 20.6 25 58 10.8 +4.5
FEZ SPDR EURO STOXX 50 ETF 20.5 29 54 9.0 +2.7
DDEZ WisdomTree Europe Multifactor Fund 20.5 43 40 8.5 +2.1
EFV iShares MSCI EAFE Value ETF 20.4 39 44 12.1 +5.7
VEU Vanguard FTSE All-World ex-US Index Fund 20.0 8 75 9.3 +3.0
EUDV ProShares MSCI Europe Dividend Growers ETF 19.9 55 28 8.5 +2.2
RBIN Nationwide Risk-Based International Equity ETF 19.9 42 41 8.2 +1.8
DTH WisdomTree DEFA Equity Income Fund 19.5 58 25 12.2 +5.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.5 20 63 6.4 +0.1
FEP First Trust Europe AlphaDEX Fund 19.5 80 3 10.9 +4.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.3 39 44 8.0 +1.6
IXUS ishares Core MSCI Total International Stock ETF 18.9 9 74 9.2 +2.9
VYMI Vanguard International High Dividend Yield ETF 18.5 32 51 11.9 +5.6
NUDM Nuveen ESG International Developed Markets Equity ETF 18.5 40 43 8.3 +2.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 18.5 47 36 11.4 +5.1
HEDJ WisdomTree Europe Hedged Equity Fund 18.5 58 25 9.7 +3.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.5 16 67 8.5 +2.1
IOO iShares Global 100 ETF 18.3 40 43 6.0 -0.3
VXUS Vanguard Total International Stock Index Fund 18.3 8 75 9.4 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.0 39 44 11.2 +4.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 17.4 50 33 7.8 +1.5
IQDF FlexShares International Quality Dividend Index Fund 16.8 47 36 12.1 +5.8
CIL Victory CEMP International Volatility Weighted Index ETF 16.7 45 38 8.9 +2.6
FLSW Franklin FTSE Switzerland ETF 16.7 9 74 6.3 -0.0
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 16.0 45 38 14.6 +8.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.9 47 36 12.8 +6.5
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 15.8 45 38 8.9 +2.5
EWL iShares MSCI Switzerland ETF 15.5 50 33 5.7 -0.6
VSGX Vanguard ESG International Stock ETF 15.4 17 66 8.8 +2.5
SDGA Impact Shares Sustainable Development Goals Global ETF 15.3 75 8 6.8 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 15.2 38 45 9.5 +3.2
PIZ Invesco DWA Developed Markets Momentum ETF 15.0 80 3 6.0 -0.4
IDLV Invesco S&P International Developed Low Volatility ETF 14.9 25 58 7.7 +1.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Riverfront Dynamic Europe ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.