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2019 Estimated Capital Gain Distributions
Certain First Trust Exchange-Traded Funds are expected to pay a short term and/or long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Eurozone AlphaDEX® ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called the Nasdaq AlphaDEX® Eurozone Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The NASDAQ AlphaDEX® Eurozone Index is an "enhanced" index created and administered by Nasdaq, Inc.
("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ Eurozone Index that
meet certain criteria.
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Nasdaq constructs the NASDAQ AlphaDEX® Eurozone Index by ranking the eligible stocks from the NASDAQ Eurozone Index on
growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on
value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for
the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all
growth and/or value factors to receive a rank for that style.
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Each stock receives the best style rank from the previous step as its selection score.
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The top 150 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected
stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index.
The stocks are equally-weighted within each quintile.
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Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the
country/sector weighting constraints, which are set at 15% above the benchmark weight.
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If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its country/sector, is
greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower
in rank then move up one rank. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and
replaced by the highest scoring stock not originally selected, subject to country/sector constraints. This process continues until
all the country/sector weightings meet the constraint.
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The index is reconstituted and rebalanced semi-annually.
Ticker | FEUZ |
Fund Type | International Equity |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Brown Brothers Harriman |
CUSIP | 33737J505 |
ISIN | US33737J5056 |
Intraday NAV | FEUZIV |
Fiscal Year-End | 12/31 |
Exchange | Nasdaq |
Inception | 10/21/2014 |
Inception Price | $30.55 |
Inception NAV | $30.55 |
Rebalance Frequency | Semi-Annual |
Expense Ratio | 0.80% |
Closing NAV1 | $40.18 |
Closing Market Price2 | $39.90 |
Bid/Ask Midpoint | $40.34 |
Bid/Ask Premium | 0.41% |
Total Net Assets | $52,229,177 |
Outstanding Shares | 1,300,002 |
Daily Volume | 4,973 |
Average 30-Day Daily Volume | 7,019 |
Closing Market Price 52-Week High/Low | $40.30 / $33.28 |
Closing NAV 52-Week High/Low | $40.34 / $33.50 |
Number of Holdings (excluding cash) | 150 |
Maximum Market Cap. | $138,385 |
Median Market Cap. | $9,109 |
Minimum Market Cap. | $2,729 |
Price/Earnings | 12.43 |
Price/Book | 1.25 |
Price/Cash Flow | 6.33 |
Price/Sales | 0.72 |
Holding |
Percent |
Galapagos N.V. |
1.44% |
ArcelorMittal |
1.28% |
ASM International N.V. |
1.27% |
HELLA KGaA Hueck & Co. |
1.25% |
Deutsche Lufthansa AG |
1.22% |
Schaeffler AG |
1.21% |
Porsche Automobil Holding SE |
1.20% |
Ingenico Group |
1.15% |
Muenchener Rueckversicherungs-Gesellschaft AG |
1.15% |
CTS Eventim AG & Co. KGaA |
1.14% |
* Excluding cash.
Holdings are subject to change.
Country |
Percent |
Germany |
30.80% |
France |
22.45% |
Italy |
15.06% |
Belgium |
6.39% |
The Netherlands |
5.76% |
Spain |
4.67% |
Luxembourg |
4.36% |
Finland |
4.02% |
Austria |
3.13% |
Ireland |
1.76% |
Past performance is not indicative of future results.
Among 97 funds in the Europe Stock category. This fund was rated 3 stars/97 funds (3 years), 4 stars/81 funds (5 years) based on risk adjusted returns.
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
38 |
2 |
0 |
0 |
6/30/2019 |
34 |
3 |
0 |
0 |
3/31/2019 |
13 |
0 |
0 |
0 |
12/31/2018 |
20 |
2 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
9/30/2019 |
21 |
2 |
1 |
0 |
6/30/2019 |
25 |
1 |
0 |
0 |
3/31/2019 |
48 |
0 |
0 |
0 |
12/31/2018 |
37 |
2 |
2 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Consumer Discretionary
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18.04%
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Financials
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14.46%
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Materials
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11.97%
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Utilities
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11.23%
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Industrials
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10.94%
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Real Estate
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8.46%
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Communication Services
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6.89%
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Information Technology
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5.61%
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Health Care
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5.41%
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Energy
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3.84%
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Consumer Staples
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3.15%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
FEUZ |
14.84% |
0.40 |
1.02 |
0.66 |
0.98 |
MSCI EMU Index |
14.00% |
0.34 |
0.99 |
0.67 |
1.00 |
NASDAQ Eurozone Index |
14.19% |
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1.00 |
0.65 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
MSCI EMU Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of countries within the European Economic and Monetary Union (EMU). NASDAQ Eurozone Index - The Index is a float adjusted market capitalization-weighted index designed to track the performance of securities assigned to the Eurozone.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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