First Trust Riverfront Dynamic Europe ETF
ALTAR
Score™
5.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
1.8x
P/BV
ratio
2.5x Div.
yield
2.6%


  • 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) $22
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 106
Wgt avg mkt cap (mns) $77,254
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 15.9%
Small cap (<$2bn) 1.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 5.1 %
ROCHE HOLDING AG-GENUSSCHEIN 3.9 %
NOVARTIS AG-REG 2.6 %
NOVO NORDISK A/S-B 2.2 %
DIAGEO PLC 1.8 %
UNILEVER NV 1.7 %
GLAXOSMITHKLINE PLC 1.6 %
RIO TINTO PLC 1.6 %
LVMH MOET HENNESSY LOUIS VUI 1.6 %
ENEL SPA 1.6 %
Total 23.8 %

TOP COUNTRY EXPOSURE
SWITZERLAND 23.8 %
BRITAIN 23.5 %
FRANCE 14.1 %
NETHERLANDS 7.0 %
SWEDEN 5.3 %
DENMARK 5.2 %
GERMANY 4.6 %
ITALY 4.5 %
FINLAND 2.7 %
IRELAND 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.5% -6.6% -- -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.95 82%
MSCI EAFE 1.10 95%
MSCI Emg. Mkts. 0.79 78%

Technical Indicators
Recent close $55.63
30d moving avg. $55.10
Annualized volatility 17.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $20,614

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™: 5.4%


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 39.7 83 0 5.6 +0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 39.1 48 35 6.6 +1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 35.7 25 58 6.5 +1.1
IEV iShares Europe ETF 35.2 59 24 6.7 +1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 34.4 45 38 6.6 +1.3
BBEU JPMorgan BetaBuilders Europe ETF 34.4 9 74 7.3 +1.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 34.0 30 53 6.8 +1.5
FLEH Franklin FTSE Europe Hedged ETF 33.8 9 74 7.1 +1.7
FLEE Franklin FTSE Europe ETF 33.6 9 74 6.9 +1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 32.7 58 25 6.0 +0.7
IEUR iShares Core MSCI Europe ETF 31.7 9 74 7.2 +1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 31.1 30 53 6.0 +0.7
VGK Vanguard FTSE Europe ETF 30.6 8 75 7.4 +2.1
FEU SPDR Portfolio Europe ETF 30.3 9 74 7.3 +2.0
EUMV iShares Edge MSCI Min Vol Europe ETF 30.1 25 58 5.0 -0.4
IDHQ Invesco S&P International Developed Quality ETF 29.9 29 54 5.1 -0.3
EFG iShares MSCI EAFE Growth ETF 28.2 40 43 4.5 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 27.1 30 53 6.8 +1.5
DOL WisdomTree International LargeCap Dividend Fund 26.2 48 35 8.6 +3.2
JPEU JPMorgan Diversified Return Europe Equity ETF 25.3 37 46 7.0 +1.7
IDMO Invesco S&P International Developed Momentum ETF 24.7 26 57 4.5 -0.9
IQSI IQ Candriam ESG International Equity ETF 24.6 15 68 7.3 +1.9
VIGI Vanguard International Dividend Appreciation ETF 24.3 25 58 5.5 +0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 24.1 58 25 6.2 +0.9
IQDG WisdomTree International Quality Dividend Growth Fund 23.8 38 45 6.3 +1.0
EFA iShares MSCI EAFE ETF 23.7 32 51 7.0 +1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.5 35 48 6.9 +1.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.4 30 53 0.0 -5.4
GSID Goldman Sachs MarketBeta International Equity ETF 23.3 20 63 7.4 +2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.0 20 63 7.1 +1.7
BKIE BNY Mellon International Equity ETF 22.8 4 79 7.5 +2.1
ESGD iShares MSCI EAFE ESG Optimized ETF 22.5 20 63 6.9 +1.6
FDEV Fidelity Targeted International Factor ETF 22.1 39 44 6.5 +1.2
SCID Global X Scientific Beta Europe ETF 21.8 39 44 6.4 +1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 21.7 20 63 7.5 +2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.6 14 69 6.9 +1.5
FIVA Fidelity International Value Factor ETF 21.6 39 44 10.1 +4.8
PDEV Principal International Multi-Factor Core Index ETF 21.4 25 58 7.9 +2.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.3 25 58 6.6 +1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.3 7 76 7.6 +2.2
QINT American Century Quality Diversified International ETF 21.1 39 44 5.7 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 21.1 35 48 8.5 +3.2
EWL iShares MSCI Switzerland ETF 21.1 50 33 5.0 -0.3
IEFA iShares Core MSCI EAFE ETF 21.0 7 76 7.3 +2.0
FLSW Franklin FTSE Switzerland ETF 20.9 9 74 5.5 +0.1
DWM WisdomTree International Equity Fund 20.7 48 35 8.3 +2.9
JHMD John Hancock Multifactor Developed International ETF 20.1 39 44 7.5 +2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.1 32 51 6.3 +1.0
SCHF Schwab International Equity ETF 19.9 6 77 7.4 +2.0
PIZ Invesco DWA Developed Markets Momentum ETF 19.6 81 2 4.1 -1.2
DWCR Arrow DWA Country Rotation ETF 19.6 95 -12 16.8 +11.5
IDEV iShares Core MSCI International Developed Markets ETF 19.4 5 78 7.2 +1.9
EWU iShares MSCI United Kingdom ETF 19.4 50 33 7.1 +1.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.4 30 53 4.3 -1.1
FLGB Franklin FTSE United Kingdom ETF 19.3 9 74 7.7 +2.3
IDY Pacific Global International Equity Income ETF 19.1 39 44 8.0 +2.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.8 20 63 5.5 +0.1
EZU iShares MSCI Eurozone ETF 18.7 49 34 6.6 +1.2
EURZ Xtrackers Eurozone Equity ETF 18.6 9 74 7.0 +1.7
QGBR SPDR MSCI UK StrategicFactors ETF 18.5 14 69 7.7 +2.3
DOO WisdomTree International Dividend ex-Financials Fund 18.2 58 25 8.8 +3.4
SPDW SPDR Portfolio Developed World ex-US ETF 18.1 4 79 7.2 +1.8
DWMF WisdomTree International Multifactor Fund 18.0 38 45 6.8 +1.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 17.9 45 38 6.7 +1.4
VEA Vanguard FTSE Developed Markets ETF 17.7 5 78 7.5 +2.1
EUDV ProShares MSCI Europe Dividend Growers ETF 17.5 55 28 5.6 +0.3
INTF iShares Edge MSCI Multifactor Intl ETF 17.4 30 53 7.9 +2.5
IGRO iShares International Dividend Growth ETF 17.3 22 61 8.0 +2.7
FEUZ First Trust Eurozone AlphaDEX ETF 17.0 80 3 7.7 +2.3
CWI SPDR MSCI ACWI ex-US ETF 16.5 30 53 7.2 +1.8
ISDX Invesco Strategic Developed ex-US ETF 16.5 23 60 7.6 +2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 16.4 40 43 6.9 +1.6
FEP First Trust Europe AlphaDEX Fund 16.4 80 3 7.6 +2.3
RNDM Developed International Equity Select ETF 16.2 65 18 6.4 +1.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 16.0 61 22 4.9 -0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.9 47 36 12.3 +6.9
IQDF FlexShares International Quality Dividend Index Fund 15.9 47 36 12.3 +7.0
ACWX iShares MSCI ACWI ex U.S. ETF 15.8 32 51 7.2 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 15.7 45 38 8.9 +3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.7 39 44 6.6 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.7 40 43 7.1 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 15.5 25 58 8.9 +3.5
SDGA Impact Shares Sustainable Development Goals Global ETF 15.1 75 8 5.4 0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 15.0 35 48 6.9 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 14.9 8 75 7.6 +2.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.9 80 3 5.9 +0.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.6 58 25 7.7 +2.4
HEDJ WisdomTree Europe Hedged Equity Fund 14.4 58 25 6.9 +1.5
EFV iShares MSCI EAFE Value ETF 14.4 39 44 9.6 +4.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.3 16 67 6.9 +1.5
IXUS ishares Core MSCI Total International Stock ETF 14.1 9 74 7.4 +2.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.7 50 33 6.1 +0.7
FEZ SPDR EURO STOXX 50 ETF 13.6 29 54 7.1 +1.7
VXUS Vanguard Total International Stock Index Fund 13.5 8 75 7.6 +2.2
IQIN IQ 500 International ETF 13.4 25 58 9.0 +3.6
IXJ iShares Global Healthcare ETF 13.1 46 37 6.3 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 12.9 29 54 8.7 +3.4
DTH WisdomTree DEFA Equity Income Fund 12.9 58 25 9.8 +4.4

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 15.2 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 83 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.59
 
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.