AFDM
First Trust Active Factor International ETF
AFDM is actively managed and uses and multi-factor quantitative approach to investing in developed markets outside the U.S.
International
EQUITY
Active
MANAGEMENT STYLE
$ 146.8 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Apr 14, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ASML HOLDING NV | 2.0 % |
| RECRUIT HOLDINGS CO LTD | 1.9 % |
| ADVANTEST CORP | 1.8 % |
| BARCLAYS PLC | 1.5 % |
| BNP PARIBAS | 1.5 % |
| UNIPOL GRUPPO FINANZIARIO SP | 1.4 % |
| SHELL PLC | 1.3 % |
| NOVARTIS AG | 1.3 % |
| TORONTO-DOMINION BANK | 1.2 % |
| ENDESA SA | 1.1 % |
Constituent Breakdown
| Number of holdings | 186 |
| Herfindahl-Hirschman Index | 79 |
| Wgt avg mkt cap (mns) | $75,354 |
| Large cap (>$10bn) | 84.9% |
| Mid cap ($2-10bn) | 12.6% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 97.9% |
| Emerging mkts. | 0.5% |
Sector Breakdown
Country Exposure
 |
JAPAN | 20.6 % |
 |
BRITAIN | 15.6 % |
 |
SWITZERLAND | 8.0 % |
 |
FRANCE | 8.0 % |
 |
CANADA | 7.7 % |
 |
NETHERLANDS | 5.7 % |
 |
GERMANY | 4.6 % |
 |
SPAIN | 4.5 % |
 |
ITALY | 4.3 % |
 |
AUSTRALIA | 4.2 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.4% | 15.9% | 14.9% | 16.9% | 5.1% | 5.3% | -- | 5.4% |
| Dividend Yield | 1.9% | 3.4% | 4.2% | 4.2% | 4.2% | 3.2% | -- | 3.2% |
| Total Returns | 12.3% | 19.3% | 19.1% | 21.2% | 9.4% | 8.6% | -- | 8.6% | Ann. Volatility | 16.2% | 14.9% | 16.2% | 15.2% | 16.8% | 17.0% | -- | 17.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 53% |
| MSCI EAFE | 0.91 | 92% |
| MSCI Emg Mkts | 0.44 | 56% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $89.25 |
| Relative strength (RSI) | 45 |
| MACD/Signal | -0.33/-0.36 |
| Bollinger Bands (Upper/Lower) | $89.75/$88.03 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. AFDM |
Expenses vs. AFDM |
ALTAR Score™ vs. AFDM |
|---|---|---|---|---|
| DWMF | WisdomTree International Multifactor Fund | 32.8% | -42 bp | -0.5% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 29.9% | -55 bp | -1.0% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 28.9% | -50 bp | -1.0% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 28.2% | -55 bp | -0.8% |
| IVLU | iShares MSCI Intl Value Factor ETF | 27.8% | -49 bp | +1.3% |
| INTF | iShares International Equity Factor ETF | 27.5% | -64 bp | -0.2% |
| ENHI | iShares Enhanced International Active ETF | 27.1% | -53 bp | -0.9% |
| FENI | Fidelity Enhanced International ETF | 26.7% | -52 bp | -1.3% |
| GIEQ | Goldman Sachs Data Enhanced International Equity ETF | 26.7% | -50 bp | -1.1% |
| EFA | iShares MSCI EAFE ETF | 26.6% | -48 bp | -1.1% |
Risk and Returns: AFDM 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.8%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 421 funds in the International Equity category with an average
ALTAR Score™ of 6.7% and a standard deviation
of 1.6%. AFDM's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places AFDM in the 77th percentile
among funds in the category.
Sell-Side Consensus
$103.25
PRICE TARGET
+17.3%
UPSIDE