FGM
First Trust Germany AlphaDEX Fund
First Trust Germany AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Germany Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 101.9 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Feb 14, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AURUBIS AG | 7.0 % |
| HOCHTIEF AG | 5.8 % |
| SCHAEFFLER AG | 5.0 % |
| NORDEX AG | 4.6 % |
| THYSSENKRUPP AG | 4.1 % |
| DEUTSCHE LUFTHANSA-REG | 4.1 % |
| AROUNDTOWN SA | 3.9 % |
| LEG IMMOBILIEN AG | 3.6 % |
| BILFINGER BERGER AG | 3.3 % |
| SIEMENS ENERGY AG | 3.3 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 335 |
| Wgt avg mkt cap (mns) | $28,573 |
| Large cap (>$10bn) | 53.3% |
| Mid cap ($2-10bn) | 41.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 94.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
GERMANY | 90.3 % |
 |
LUXEMBOURG | 3.9 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.8% | 21.6% | 28.5% | 21.9% | 2.5% | 6.1% | -- | 5.6% |
| Dividend Yield | 0.0% | 0.8% | 1.9% | 2.5% | 2.7% | 2.4% | -- | 2.1% |
| Total Returns | 6.8% | 22.4% | 30.4% | 24.4% | 5.2% | 8.5% | -- | 7.7% | Ann. Volatility | 26.3% | 20.5% | 22.1% | 21.3% | 24.9% | 23.4% | -- | 22.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 46% |
| MSCI EAFE | 1.21 | 78% |
| MSCI Emg Mkts | 0.79 | 58% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $65.08 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.54/0.41 |
| Bollinger Bands (Upper/Lower) | $67.64/$63.17 |
| Short interest (% of AUM) | 0.3% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FGM |
Expenses vs. FGM |
ALTAR Score™ vs. FGM |
|---|---|---|---|---|
| FLGR | Franklin FTSE Germany ETF | 28.1% | -71 bp | +0.7% |
| EWG | iShares MSCI Germany ETF | 28.0% | -30 bp | +0.1% |
| DAX | Global X DAX Germany ETF | 25.7% | -59 bp | +0.4% |
| FEUZ | First Trust Eurozone AlphaDEX ETF | 19.9% | 0 bp | +1.2% |
| JIVE | JPMorgan International Value ETF | 13.5% | -25 bp | +2.6% |
| FEP | First Trust Europe AlphaDEX Fund | 13.4% | 0 bp | +1.4% |
| DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 11.8% | -35 bp | +0.1% |
| EZU | iShares MSCI Eurozone ETF | 11.4% | -28 bp | +0.1% |
| HEZU | iShares Currency Hedged MSCI Eurozone ETF | 11.3% | -27 bp | 0.0% |
| FEZ | SPDR EURO STOXX 50 ETF | 10.3% | -51 bp | +0.3% |
Risk and Returns: FGM 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 6/3/2026
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
6.2%
ALTAR SCORE™
52nd
PERCENTILE
NEUTRAL
ETFRC RATING
There are 415 funds in the International Equity category with an average
ALTAR Score™ of 6.1% and a standard deviation
of 1.6%. FGM's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places FGM in the 52nd percentile
among funds in the category.
Sell-Side Consensus
$71.43
PRICE TARGET
+8.7%
UPSIDE