First Trust Riverfront Dynamic Europe ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
1.8x
P/BV
ratio
2.2x Div.
yield
2.4%


  • 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) $18
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 98
Wgt avg mkt cap (mns) $81,840
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 16.3%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 5.0 %
ROCHE HOLDING AG-GENUSSCHEIN 3.9 %
ASML HOLDING NV 2.7 %
NOVARTIS AG-REG 2.5 %
NOVO NORDISK A/S-B 2.5 %
GLAXOSMITHKLINE PLC 2.0 %
UNILEVER NV 1.9 %
UNILEVER PLC 1.8 %
DIAGEO PLC 1.8 %
RIO TINTO PLC 1.8 %
Total 25.9 %

TOP COUNTRY EXPOSURE
SWITZERLAND 21.5 %
BRITAIN 19.6 %
SWEDEN 10.2 %
NETHERLANDS 8.2 %
FRANCE 7.6 %
GERMANY 5.8 %
DENMARK 5.6 %
FINLAND 4.9 %
SPAIN 3.2 %
IRELAND 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.3% 7.3% -- -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.94 83%
MSCI EAFE 1.10 95%
MSCI Emg. Mkts. 0.79 78%

Technical Indicators
Recent close $58.43
30d moving avg. $59.14
Annualized volatility 18.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $5,921

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 5.9%


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 42.8 83 0 5.7 -0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 36.1 48 35 6.8 +0.9
IEV iShares Europe ETF 32.6 59 24 7.0 +1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 32.3 58 25 6.0 +0.1
BBEU JPMorgan BetaBuilders Europe ETF 31.8 9 74 7.5 +1.6
FLEE Franklin FTSE Europe ETF 31.1 9 74 7.2 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 30.8 25 58 6.5 +0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 30.8 30 53 0.0 -5.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.5 45 38 6.7 +0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 30.4 30 53 6.1 +0.2
IDHQ Invesco S&P International Developed Quality ETF 30.1 29 54 5.0 -0.9
FLEH Franklin FTSE Europe Hedged ETF 29.3 9 74 7.2 +1.3
IEUR iShares Core MSCI Europe ETF 29.2 9 74 7.4 +1.5
VGK Vanguard FTSE Europe ETF 28.8 8 75 7.6 +1.7
FEU SPDR Portfolio Europe ETF 28.3 9 74 7.4 +1.5
EFG iShares MSCI EAFE Growth ETF 26.7 40 43 4.5 -1.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 26.1 30 53 0.0 -5.9
IQDG WisdomTree International Quality Dividend Growth Fund 25.5 42 41 6.3 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 25.4 58 25 6.1 +0.2
VIGI Vanguard International Dividend Appreciation ETF 24.2 20 63 5.6 -0.3
DOL WisdomTree International LargeCap Dividend Fund 23.5 48 35 8.8 +3.0
QEFA SPDR MSCI EAFE Quality Mix ETF 23.1 30 53 6.9 +1.0
IQSI IQ Candriam ESG International Equity ETF 22.7 15 68 7.4 +1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.8 20 63 7.1 +1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.4 32 51 6.0 +0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 21.2 20 63 7.0 +1.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.2 14 69 7.0 +1.1
EFA iShares MSCI EAFE ETF 20.8 32 51 7.1 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 20.4 20 63 7.4 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.1 35 48 6.9 +1.0
FLSW Franklin FTSE Switzerland ETF 20.1 9 74 5.5 -0.4
PDEV Principal International Multi-Factor Core Index ETF 20.0 25 58 8.0 +2.1
EWL iShares MSCI Switzerland ETF 19.9 50 33 5.0 -0.9
BKIE BNY Mellon International Equity ETF 19.9 4 79 7.4 +1.5
IDMO Invesco S&P International Developed Momentum ETF 19.9 26 57 4.5 -1.4
PIZ Invesco DWA Developed Markets Momentum ETF 19.8 81 2 4.6 -1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 19.6 40 43 6.8 +0.9
DWCR Arrow DWA Country Rotation ETF 19.3 95 -12 14.2 +8.3
HFXI IQ 50 Percent Hedged FTSE International ETF 18.9 20 63 7.5 +1.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.8 7 76 7.6 +1.7
FDEV Fidelity Targeted International Factor ETF 18.7 39 44 6.5 +0.6
IEFA iShares Core MSCI EAFE ETF 18.3 7 76 7.4 +1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.0 25 58 6.7 +0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.8 30 53 4.4 -1.5
JHMD John Hancock Multifactor Developed International ETF 17.8 39 44 7.5 +1.6
QINT American Century Quality Diversified International ETF 17.8 39 44 6.1 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 17.7 35 48 8.7 +2.9
INTF iShares Edge MSCI Multifactor Intl ETF 17.7 30 53 7.9 +2.0
EUDV ProShares MSCI Europe Dividend Growers ETF 17.6 55 28 5.8 -0.1
DWMF WisdomTree International Multifactor Fund 17.6 38 45 6.2 +0.3
DWM WisdomTree International Equity Fund 17.6 48 35 8.5 +2.6
SCHF Schwab International Equity ETF 17.4 6 77 7.4 +1.5
SCID Global X Scientific Beta Europe ETF 17.4 39 44 6.5 +0.6
FIVA Fidelity International Value Factor ETF 17.3 39 44 9.9 +4.0
EURZ Xtrackers Eurozone Equity ETF 17.3 9 74 7.2 +1.3
FEP First Trust Europe AlphaDEX Fund 17.3 80 3 7.5 +1.6
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 17.2 61 22 4.9 -1.0
FLGB Franklin FTSE United Kingdom ETF 16.8 9 74 8.2 +2.3
IDY Pacific Global International Equity Income ETF 16.8 39 44 8.1 +2.2
EZU iShares MSCI Eurozone ETF 16.8 49 34 6.8 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 16.7 5 78 7.3 +1.4
IQDF FlexShares International Quality Dividend Index Fund 16.7 47 36 9.2 +3.3
RNDM Developed International Equity Select ETF 16.6 65 18 6.3 +0.4
EWU iShares MSCI United Kingdom ETF 16.5 50 33 7.6 +1.7
FEUZ First Trust Eurozone AlphaDEX ETF 16.3 80 3 7.5 +1.6
IGRO iShares International Dividend Growth ETF 16.2 22 61 8.2 +2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 16.0 45 38 6.9 +1.0
SPDW SPDR Portfolio Developed World ex-US ETF 15.9 4 79 7.2 +1.3
VEA Vanguard FTSE Developed Markets ETF 15.8 5 78 7.5 +1.6
SDGA Impact Shares Sustainable Development Goals Global ETF 15.8 75 8 5.5 -0.4
QGBR SPDR MSCI UK StrategicFactors ETF 15.6 14 69 8.2 +2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 15.3 58 25 7.9 +2.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 15.3 20 63 5.5 -0.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.2 47 36 9.3 +3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.7 39 44 6.6 +0.7
HEDJ WisdomTree Europe Hedged Equity Fund 14.4 58 25 6.9 +1.0
CWI SPDR MSCI ACWI ex-US ETF 14.4 30 53 7.3 +1.4
DOO WisdomTree International Dividend ex-Financials Fund 14.1 58 25 9.0 +3.1
ACWX iShares MSCI ACWI ex U.S. ETF 14.0 32 51 7.4 +1.5
VGFO Virtus WMC Global Factor Opportunities ETF 13.9 49 34 8.1 +2.2
FEZ SPDR EURO STOXX 50 ETF 13.8 29 54 7.4 +1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 13.6 47 36 9.4 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.6 40 43 7.1 +1.3
LVHI Legg Mason International Low Volatility High Dividend ETF 13.6 40 43 9.4 +3.5
ISDX Invesco Strategic Developed ex-US ETF 13.4 23 60 7.5 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.3 45 38 9.1 +3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.3 16 67 7.0 +1.1
KXI iShares Global Consumer Staples ETF 13.3 46 37 5.3 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 13.2 8 75 7.7 +1.8
FNDF Schwab Fundamental International Large Co. Index ETF 13.0 25 58 8.9 +3.1
VSGX Vanguard ESG International Stock ETF 12.8 17 66 7.2 +1.3
IOO iShares Global 100 ETF 12.8 40 43 6.2 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.7 29 54 7.7 +1.8
IXJ iShares Global Healthcare ETF 12.6 46 37 6.5 +0.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 12.6 50 33 6.2 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.4 35 48 7.0 +1.1
IXUS ishares Core MSCI Total International Stock ETF 12.3 9 74 7.5 +1.6
CIL VictoryShares International Volatility Weighted Index ETF 12.0 45 38 6.7 +0.8

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.57
 
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.