Key stats
About First Trust Germany AlphaDEX Fund
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Inception date
Feb 14, 2012
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33737J1907
FGM tries to outperform the German market by using a quantitative model to select 40 stocks out of a broad German equity index. It then ranks these stocks based on their attractiveness and weights them equally within quintiles. Sector weightings are also subject to constraints which are set at 15% above the sector percentages of the base index. The fund reconstitutes and rebalances its portfolio semiannually to maintain exposure to expected outperformers while still controlling transaction costs.
Related funds
Classification
What's in the fund
Exposure type
Consumer Durables
Electronic Technology
Producer Manufacturing
Finance
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FGM assets under management is 70.59 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FGM invests in stocks. See more details in our Analysis section.
FGM expense ratio is 0.80%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FGM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FGM pays dividends to its holders with the dividend yield of 0.72%.
FGM shares are issued by AJM Ventures LLC
FGM follows the NASDAQ AlphaDEX Germany Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 14, 2012.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.