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First Trust RiverFront Dynamic Developed International ETF
Active ETF
RFDI
Payout Change
Pending
Price as of:
$65.0
+0.63
+0.98%
primary theme
International Large-Cap Blend Equity
RFDI (ETF)
First Trust RiverFront Dynamic Developed International ETF
Payout Change
Pending
Price as of:
$65.0
+0.63
+0.98%
primary theme
International Large-Cap Blend Equity
RFDI (ETF)
First Trust RiverFront Dynamic Developed International ETF
Payout Change
Pending
Price as of:
$65.0
+0.63
+0.98%
primary theme
International Large-Cap Blend Equity
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust RiverFront Dynamic Developed International ETF
RFDI | Active ETF
$65.00
$126 M
4.66%
$3.03
0.83%
Vitals
YTD Return
9.6%
1 yr return
22.0%
3 Yr Avg Return
-0.2%
5 Yr Avg Return
5.5%
Net Assets
$126 M
Holdings in Top 10
15.5%
52 WEEK LOW AND HIGH
$64.4
$57.48
$68.31
Expenses
OPERATING FEES
Expense Ratio 0.83%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
First Trust RiverFront Dynamic Developed International ETF
RFDI | Active ETF
$65.00
$126 M
4.66%
$3.03
0.83%
RFDI - Profile
Distributions
- YTD Total Return 9.6%
- 3 Yr Annualized Total Return -0.2%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.79%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust RiverFront Dynamic Developed International ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateApr 13, 2016
-
Shares Outstanding2517387
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChris Konstantinos
Fund Description
Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies, including through investments in common stock, depositary receipts and common and preferred shares of real estate investment trusts (“REITs”), and forward foreign currency exchange contracts and currency spot transactions used to hedge the Fund’s exposure to the currencies in which the equity securities of such developed market companies are denominated (each, a “Developed Market currency” and, collectively, the “Developed Market currencies”). Developed market companies are those companies (i) whose securities are traded principally on a stock exchange in a developed market country, (ii) that have a primary business office in a developed market country, or (iii) that have at least 50% of their assets in, or derive at least 50% of their revenues or profits from, a developed market country. Developed market countries currently include the countries comprising the Morgan Stanley Capital International World Index or countries considered to be developed by the World Bank, the International Finance Corporation or the United Nations. Under normal market conditions, the Fund will invest in at least three countries and at least 40% of its net assets in countries other than the United States. The securities in which the Fund may invest must be listed on a U.S. or non-U.S. securities exchange. The Fund may invest in small, mid and large capitalization companies.The Fund utilizes a dynamic currency hedging strategy through the use of forward foreign currency exchange contracts and currency spot transactions to hedge up to 100% of the Fund’s currency exposure. As a result of this hedging strategy, the portion of the Fund’s portfolio securities which are subject to currency hedging transactions may vary widely, from 0% to 100% of the portfolio securities. A forward contract on foreign currency is an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days agreed upon by the parties from the date of the contract, at a price set on the date of the contract. A forward foreign currency exchange contract may reduce the Fund’s exposure to changes in the value of the currency it will deliver and increase its exposure to changes in the value of the currency it will receive for the duration of the contract. The effect on the value of the Fund is similar to selling securities denominated in one currency and purchasing securities denominated in another currency. The Fund also may enter into currency spot transactions as part of its dynamic currency hedging strategy. A currency spot transaction is an agreement between two parties to buy or sell a specific currency for delivery on a date that is typically two business days from the date of the agreement, as opposed to a date set in the future. The underlying currencies of the forward foreign currency exchange contracts and currency spot transactions included in the Fund’s policy relating to the investment of at least 80% of its net assets (including investment borrowings) will be limited to Developed Market currencies.The Fund also may invest up to 20% of its net assets in companies of emerging market countries and forward foreign currency exchange contracts and currency spot transactions used to hedge the Fund’s exposure to non-Developed Market currencies as well as any proxy currency hedging transactions involving non-Developed Market currencies determined to be representative of, and serve as a proxy for, Developed Market currencies. Such emerging market companies are companies (i) whose securities are traded principally on a stock exchange in a country that is not a developed market country, (ii) that have a primary business office in a country that is not a developed market country, or (iii) that have at least 50% of their assets in, or derive at least 50% of their revenues or profits from, a country that is not a developed market country. The equity securities of emerging market companies in which the Fund may invest include investments in common stock, depositary receipts and common and preferred shares of REITs.In selecting the portfolio securities of the Fund, RiverFront Investment Group, LLC, the Fund’s sub-adviser (“RIG” or the “Sub-Advisor”), assembles a portfolio of eligible countries and/or securities based on several core attributes, including, but not limited to, value, quality and momentum. The Sub-Advisor considers multiple factors within each core attribute, such as the price-to-book value of a security when determining value and a company’s cash as a percentage of the company’s market capitalization when determining quality. The Sub-Advisor then assigns each qualifying security a score based on its core attributes and selects the individual securities with the highest scores for investment. In doing so, the Sub-Advisor utilizes its proprietary optimization process to maximize the percentage of high-scoring securities included in the portfolio in accordance with country, sector and risk factor (e.g., beta, quality, volatility) limitations, subject to the Sub-Advisor's fundamental active overlay. The Sub-Advisor also considers the market capitalization of the companies in which the Fund may invest, and the trading volume of a company’s shares in the secondary market. As of January 31, 2024, the Fund had significant investments in Japanese issuers,Asian issuers and European issuers, although this may change from time to time. In order to gain exposure to certain Chinese companies that are unavailable to direct investment by foreign investors, the Fund invests significantly in non-Chinese shell companies that have created structures known as variable interest entities (“VIEs”) in order to gain exposure to such Chinese companies. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector. The strategy is largely quantitative and rules-based, but also includes multiple parameters over which the Sub-Advisor may exercise discretion (including, but not limited to, the number of holdings and the weightings of particular holdings) in connection with its active management of the Fund.In managing the Fund’s currency exposure, the Sub-Advisor deploys a dynamic currency hedging strategy based on a proprietary hedging methodology that considers a combination of quantitative measures, such as interest rate differentials, central bank balance sheet expansion/contraction and price momentum, and qualitative measures, such as formal and informal guidance from central bankers.To the extent permitted under applicable law, percentage limitations described in this prospectus are generally as of the time of investment by the Fund and may be exceeded on a going-forward basis as a result of market fluctuations affecting the Fund’s portfolio securities.
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RFDI - Performance
Return Ranking - Trailing
| Period | RFDI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -4.0% | 34.8% | 40.68% |
| 1 Yr | 22.0% | -1.8% | 43.2% | 22.19% |
| 3 Yr | -0.2%* | -17.1% | 45.7% | 81.56% |
| 5 Yr | 5.5%* | -34.2% | 74.3% | 67.22% |
| 10 Yr | N/A* | 1.1% | 32.3% | 89.34% |
* Annualized
Return Ranking - Calendar
| Period | RFDI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.1% | -1.4% | 22.0% | 26.66% |
| 2022 | -27.3% | -43.6% | 71.3% | 97.96% |
| 2021 | 13.6% | -28.5% | 18.9% | 1.76% |
| 2020 | 7.4% | -90.1% | 992.1% | 54.68% |
| 2019 | 17.0% | -1.9% | 38.8% | 77.57% |
Total Return Ranking - Trailing
| Period | RFDI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.6% | -4.0% | 34.8% | 40.68% |
| 1 Yr | 22.0% | -1.8% | 43.2% | 22.19% |
| 3 Yr | -0.2%* | -17.1% | 45.7% | 81.56% |
| 5 Yr | 5.5%* | -34.2% | 74.3% | 67.22% |
| 10 Yr | N/A* | 1.1% | 32.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RFDI Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.1% | 3.2% | 23.8% | 24.81% |
| 2022 | -23.6% | -43.6% | 144.8% | 96.70% |
| 2021 | 17.3% | -22.6% | 56.0% | 3.35% |
| 2020 | 9.1% | -89.7% | 1010.8% | 55.83% |
| 2019 | 20.5% | 4.3% | 38.8% | 76.35% |
RFDI - Holdings
Concentration Analysis
| RFDI | Category Low | Category High | RFDI % Rank | |
|---|---|---|---|---|
| Net Assets | 126 M | 3.3 M | 425 B | 85.60% |
| Number of Holdings | 180 | 1 | 10481 | 44.56% |
| Net Assets in Top 10 | 19.3 M | 1.01 M | 47.5 B | 88.21% |
| Weighting of Top 10 | 15.53% | 4.6% | 147.7% | 80.59% |
Top 10 Holdings
- Novartis AG 2.05%
- ASML Holding NV 1.71%
- TotalEnergies SE 1.64%
- Mitsubishi UFJ Financial Group Inc 1.62%
- Novo Nordisk A/S 1.62%
- Unilever PLC 1.43%
- Recruit Holdings Co Ltd 1.43%
- ABB Ltd 1.36%
- Shell PLC 1.34%
- Allianz SE 1.34%
Asset Allocation
| Weighting | Return Low | Return High | RFDI % Rank | |
|---|---|---|---|---|
| Stocks | 98.84% | 0.00% | 102.63% | 22.51% |
| Cash | 1.16% | 0.00% | 44.84% | 65.39% |
| Preferred Stocks | 0.00% | -0.05% | 6.57% | 99.23% |
| Other | 0.00% | -2.12% | 69.93% | 94.18% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 98.00% |
| Bonds | 0.00% | 0.00% | 79.43% | 98.01% |
RFDI - Expenses
Operational Fees
| RFDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.83% | 0.01% | 19.62% | 65.95% |
| Management Fee | 0.83% | 0.00% | 1.65% | 85.98% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.33% |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| RFDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RFDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RFDI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 247.00% | 87.25% |
RFDI - Distributions
Dividend Yield Analysis
| RFDI | Category Low | Category High | RFDI % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.66% | 0.00% | 17.49% | 29.40% |
Dividend Distribution Analysis
| RFDI | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| RFDI | Category Low | Category High | RFDI % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.79% | -0.93% | 6.38% | 43.17% |
Capital Gain Distribution Analysis
| RFDI | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.757 | OrdinaryDividend |
| Jun 27, 2024 | $1.037 | OrdinaryDividend |
| Mar 21, 2024 | $0.257 | OrdinaryDividend |
| Dec 22, 2023 | $0.157 | OrdinaryDividend |
| Sep 22, 2023 | $0.168 | OrdinaryDividend |
| Jun 27, 2023 | $1.160 | OrdinaryDividend |
| Dec 23, 2022 | $0.541 | OrdinaryDividend |
| Sep 23, 2022 | $0.867 | OrdinaryDividend |
| Jun 24, 2022 | $0.974 | OrdinaryDividend |
| Mar 25, 2022 | $0.276 | OrdinaryDividend |
| Dec 23, 2021 | $1.316 | OrdinaryDividend |
| Sep 23, 2021 | $0.344 | OrdinaryDividend |
| Jun 24, 2021 | $0.474 | OrdinaryDividend |
| Mar 25, 2021 | $0.218 | OrdinaryDividend |
| Dec 24, 2020 | $0.140 | OrdinaryDividend |
| Sep 24, 2020 | $0.177 | OrdinaryDividend |
| Jun 25, 2020 | $0.392 | OrdinaryDividend |
| Mar 26, 2020 | $0.154 | OrdinaryDividend |
| Dec 13, 2019 | $0.386 | OrdinaryDividend |
| Sep 25, 2019 | $0.188 | OrdinaryDividend |
| Jun 14, 2019 | $0.928 | OrdinaryDividend |
| Mar 21, 2019 | $0.131 | OrdinaryDividend |
| Dec 18, 2018 | $0.239 | OrdinaryDividend |
| Sep 14, 2018 | $0.154 | OrdinaryDividend |
| Jun 21, 2018 | $0.844 | OrdinaryDividend |
| Mar 22, 2018 | $0.092 | OrdinaryDividend |
| Dec 21, 2017 | $0.352 | OrdinaryDividend |
| Dec 21, 2017 | $0.015 | CapitalGainShortTerm |
| Dec 21, 2017 | $0.003 | CapitalGainLongTerm |
| Sep 21, 2017 | $0.103 | OrdinaryDividend |
| Jun 22, 2017 | $0.523 | OrdinaryDividend |
| Mar 23, 2017 | $0.048 | OrdinaryDividend |
| Dec 21, 2016 | $0.034 | OrdinaryDividend |
| Dec 21, 2016 | $0.238 | CapitalGainLongTerm |
| Sep 21, 2016 | $0.157 | OrdinaryDividend |
| Jun 22, 2016 | $0.545 | OrdinaryDividend |
RFDI - Fund Manager Analysis
Managers
Chris Konstantinos
Start Date
Tenure
Tenure Rank
Apr 14, 2016
6.13
6.1%
Mr. Konstantinos is a co-manager of each Fund. In this role, he is responsible for both asset allocation and selection decisions. He is a Co-Chair of RiverFront’s Investment Committee and also serves on the RiverFront Investment Group, LLC’s Executive Committee. Mr. Konstantinos has been with RiverFront since the company’s founding in 2008. He began his career in 2000 as a corporate finance analyst in the Technology sector at a predecessor to Wachovia Securities. He joined Wachovia’s Advisory Services Group in 2002 as an equity strategist, and worked in various capacities within equity strategy and portfolio management until his departure in 2008. Mr. Konstantinos earned his BS in Business Administration from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill. Mr. Konstantinos received his CFA designation in 2013 and holds FINRA Series 7 and 66 licenses.
Adam Grossman
Start Date
Tenure
Tenure Rank
Apr 14, 2016
6.13
6.1%
Adam serves as the Global Equity CIO, responsible for the investments of the US Equity and International Equity teams. In addition, he serves as the Co-Head of the Investment Committee and serves on the Operating Committee. He brings nearly 20 years’ worth of industry experience in quantitative risk management and portfolio analytics. Adam is responsible for the equity decisions made in the various strategies and the development of the factor models used in the investment processes at RiverFront. Prior to joining RiverFront, Adam worked at the Virginia Retirement System (VRS), where he managed International Equity and REIT Portfolios and developed research on equity selection and portfolio construction. He began his investment career as a fixed income analyst at VRS. Adam earned a BS from Baldwin-Wallace College with a double major in Mathematical Economics and Finance, and an MA in Financial Economics from Virginia Commonwealth University. He received his Chartered Financial Analyst® designation in 2009.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.35 | 3.25 |
