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Launched · SEC filings

First Trust Germany AlphaDEX Fund

FGMNasdaqFirst TrustC

$58.28+0.74 (+1.29%)

At close: Nov 2, 2026, 4:00 PM ET

C41/ 100

Rank 10 of 12 in Europe Region

C41/100Rank 10 of 12inEurope Region
Intraday session: up, 79 prints from 57.54 to 58.28. Range 58.22 to 58.69. Use the arrow keys to read each point.57.7558.0058.5058.7510 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$86M
1Y total return
+0.6%
Yield · Last 12 months
1.86%
Holdings
43
Avg volume · 30D
2.6K sh
52W range
low $54.83high $71.12
Launched
Filings
SEC EDGAR

The ETF.net FGM Grade

C

Score 41 out of 100

Category
Europe Region⁠
Rank
10 of 12
Six-pillar profile for FGM. Scores out of 100: Cost 7, Risk 15, Mission 94, Tradability 43, Holdings 56, Durability 36. Strongest: Mission (94). Weakest: Cost (7). Leans toward Mission.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F7 out of 100
    Rank 11 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A94 out of 100
    Rank 7 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 12 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 7 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 7 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D36 out of 100
    Rank 9 of 12

Our read on FGM

ETF.net Research

In short

CMost Germany ETFs hand you the blue chips in market-cap order. FGM screens German stocks on growth and value marks and weights them by rank instead, landing on roughly 40 names. A different Germany, at a premium price.

Stated mandate

The Fund seeks to track, before fees and expenses, the Nasdaq AlphaDEX® GermanyTM Index, an equity index focused on companies assigned to Germany.

Why people hold it

  • Not a cap-weighted rerun: the AlphaDEX screen ranks German companies on growth and value measures, then weights by rank rather than size.
  • Roughly 40 holdings, so the screen actually shows up in the portfolio instead of getting diluted across a broad market list.
  • Running since 2012 and still doing one job: German equities, one named index, tracked closely.

Worth knowing

  • At 0.80% a year it sits above most single-country Europe funds, and four times the 0.20% charged by the cheapest German blue-chip tracker (DAX).
  • A small fund that trades lightly next to the big country ETFs, so spreads and order size are worth watching.
  • One country, one screen, few dozen stocks: the ride follows Germany's cycle and the factor tilt, not a diversified basket.

FGM Holdings

Holdings pillarB56 out of 100Rank 7 of 12 in Europe Region
Asset class
Stocks
Holdings
43
Top-10 weight
38%
Largest holding
DHER.DE4.6%

Sectors

  • Industrials31.2%
  • Consumer Discretionary20.4%
  • Health Care11.5%
  • Materials10.8%
  • Communication6.5%
  • Financials6.3%
  • Technology3.8%
  • Consumer Staples3.5%
  • Real Estate3.4%
  • Utilities2.6%

Geography

  • Germany100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1DHER.DEDelivery Hero SE4.58%94,765$3.95M70
2BMW.DEBayerische Motoren Werke (BMW) AG4.46%59,580$3.85M116
3PAH3.DEPorsche Automobil Holding SE4.19%126,540$3.61M65
4TKA.DEthyssenkrupp AG4.08%262,300$3.51M55
5BAYN.DEBayer AG3.69%56,377$3.18M136
6UTDI.DEUnited Internet AG (Registered Shares)3.69%118,662$3.18M52
7FME.DEFresenius Medical Care AG3.61%68,920$3.11M108
8VOW3.DEVolkswagen AG (Preference Shares)3.51%38,933$3.03M102
9VNA.DEVonovia SE3.31%158,014$2.85M94
10NDA.DEAurubis AG3.27%18,827$2.82M74
11HOT.DEHochtief AG3.25%6,729$2.8M97
12FRE.DEFresenius SE & Co. KGaA3.17%51,211$2.73M107
13LHA.DEDeutsche Lufthansa AG3.16%340,812$2.72M87
14FPE3.DEFuchs SE (Preference)3.07%53,528$2.65M60
15SHA0.DESchaeffler AG3.03%402,303$2.61M70

Showing 1–15 of 43 holdings

FGM Performance

Launched Feb 14, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FGM$10,059
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FGM $10,059. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FGM. Periods over one year show the average yearly return.
PeriodFGM
Year to date−6.2%
1 month−2.8%
3 months−8.7%
1 year+0.6%
3 yearsper year+22.1%
5 yearsper year+3.4%
10 yearsper year+7.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FGM
YearReturn barFGM
2026 YTD−6.2%
2025+63.6%
2024+1.4%
2023+13.3%
2022−30.5%
2021+6.1%
2020+17.2%

FGM in the news

FGM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.86%Last 12 months
Payout per share
$1.07Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 28 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.04; Jun 22, 2017 $0.58; Sep 21, 2017 $0.46; Mar 22, 2018 $0.0017; Jun 21, 2018 $0.68; Sep 14, 2018 $0.14; Jun 14, 2019 $0.80; Sep 25, 2019 $0.16; Dec 13, 2019 $0.06; Jun 25, 2020 $0.26; Sep 24, 2020 $0.14; Dec 24, 2020 $0.29; Jun 24, 2021 $0.54; Sep 23, 2021 $0.06; Dec 23, 2021 $0.17; Mar 25, 2022 $0.15; Jun 24, 2022 $1.15; Sep 23, 2022 $0.42; Dec 23, 2022 $0.20; Jun 27, 2023 $0.70; Dec 22, 2023 $0.40; Mar 21, 2024 $0.15; Jun 27, 2024 $0.80; Dec 13, 2024 $0.03; Jun 26, 2025 $0.38; Dec 12, 2025 $0.04; Jun 25, 2026 $0.84; Sep 24, 2026 $0.19. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.19
Jun 25, 2026Jun 30, 2026$0.84
Dec 12, 2025Dec 31, 2025$0.04
Jun 26, 2025Jun 30, 2025$0.38
Dec 13, 2024Dec 31, 2024$0.03
Jun 27, 2024Jun 28, 2024$0.80
Mar 21, 2024No data$0.15
Dec 22, 2023Dec 29, 2023$0.40
Jun 27, 2023Jun 30, 2023$0.70
Dec 23, 2022Dec 30, 2022$0.20
Sep 23, 2022Sep 30, 2022$0.42
Jun 24, 2022Jun 30, 2022$1.15

— Pay date not on file.

See all 39 payments⁠

$10,000 in FGM 10 years ago paid $2,764 in dividends.⁠

FGM Risk

Risk pillarF15 out of 100Rank 12 of 12 in Europe Region
How much the fund’s monthly returns vary, scaled to a year.
18.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.95
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−48.3%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FGM Cost

Compare FGM and SPEU

Overpaying vs SPEU, cheapest in Europe Region

$13,866

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FGM 0.80%

    $15,346

  • SPEU 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • FGM 0.80%
  • SPEU 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FGM $15,346SPEU $1,480

Year by year

YearFGMSPEUOverpaying
10$1,422$128$1,294
20$5,393$503$4,890
30$15,346$1,480$13,866

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