First Trust Dynamic Europe Equity Income:FDEU

    Manage Alerts

    Overview

    As of 9/29/2023

     Share
    Price    		NAVPremium/
    Discount
    Current$12.40$13.19-5.99%
    52 Wk Avg$12.16$13.22-8.08%
    52 Wk High$13.75$14.30-2.73%
    52 Wk Low$9.27$10.71-14.59%
    Regular Distribution Type†Managed Distribution
    Distribution Rate6.77%
    Distribution Amount$0.0700
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    he Fund’s investment objectives are to provide a high level of current income with a secondary focus on capital appreciation. Under normal market conditions, the Fund pursues its investment objectives by investing at least 80% of its Managed Assets in a portfolio of equity securities of European companies of any market capitalization, including, but not limited to, common and preferred stocks that pay dividends, depositary receipts, and real estate investment trusts.

    Capital Structure

    As of 9/29/2023

    Total Investment Exposure:$301.264M
    Total Common Assets:$227.289M
    Common Shares Outstanding:17,231,908
    Leverage

    As of 9/29/2023

    Preferred Share Assets:
    Total Debt (USD): $73.975M
    Regulatory Leverage (USD): $73.975M
    Effective Leverage (USD): $73.975M
    Effective Leverage (%): 24.55%
    Annual Expense Ratios

    As of 12/31/2022

      Per Common Share
    Management Fees1.45%
    Other Expenses:0.24%
    Baseline Expense: N/A
    Interest Expense:0.63%
    Total: 2.32%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Ben Lofthouse, Rob A. Guttschow, Faizan Baig, John W. Gambla

    Basics
    Category: Equity-Global Equity
    Ticker: FDEU
    NAV Ticker: XFDEX
    Average Daily Volume (shares): 52,017
    Average Daily Volume (USD): $0.623M
    Inception Date: 9/24/2015
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: Yes
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 9/29/2023

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 6/30/2023    		 $0.3228
    Annualized Distribution Rate on NAV:
    As of 9/29/2023    		6.37%
    Total Return on NAV (12 months):
    As of 9/29/2023    		30.00%
    Total % Portfolio Effectively Leveraged:
    As of 9/29/2023     		24.55%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/2/2023

    PeriodAvg Discount
    6 Month-4.88%
    1 Year-8.08%
    3 Year-10.85%
    5 Year-10.34%
    Z-Score

    As of 9/29/2023

    PeriodZStat
    3 Month-2.29
    6 Month-1.26
    1 Year0.59
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2023
    Category: Morningstar US CEF Global Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD15.55%7.36%1.41%4.47%
    2022-9.62%-10.22%-19.68%-16.35%
    202119.03%16.37%22.88%12.89%
    2020-13.86%-8.81%4.54%8.46%
    201931.08%21.40%28.86%22.23%
    2018-26.72%-19.94%-17.84%-12.39%
    201736.34%23.60%27.44%22.37%
    2016-0.91%2.12%9.60%5.33%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2023
    Category: Morningstar US CEF Global Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2023    		75
    Annual Portfolio Turnover:
    As of 12/31/2022    		22.00%
    Asset Allocation

    As of 6/30/2023

    Top Sectors

    As of 6/30/2023

    Sector%Portfolio
    Defensive (Super Sector)35.57%
    Cyclical (Super Sector)30.74%
    Sensitive (Super Sector)27.56%
    Financial Services15.30%
    Healthcare14.71%
    Consumer Defensive14.28%
    Industrials13.15%
    Basic Materials7.22%
    Consumer Cyclical6.84%
    Utilities6.58%
    Top Holdings

    As of 6/30/2023

    HoldingValue% Portfolio
    Sanofi SA$10.83M3.51%
    AstraZeneca PLC$10.07M3.27%
    Unilever PLC$9.20M2.98%
    Nestle SA$8.85M2.87%
    RELX PLC$8.27M2.68%
    Compagnie Financiere Richemont SA Class A$7.99M2.59%
    Novartis AG Registered Shares$7.95M2.58%
    BHP Group Ltd$7.58M2.46%
    3i Group Ord$7.32M2.37%
    Roche Holding AG$7.11M2.31%
    Country Allocation

    As of 6/30/2023

    Country% Portfolio
    United Kingdom - Equity31.20%
    France - Equity16.01%
    Switzerland - Equity13.66%
    Germany - Equity8.52%
    Netherlands - Equity7.21%
    Australia - Equity4.51%
    Spain - Equity4.13%
    Italy - Equity2.93%
    Sweden - Equity2.41%
    Denmark - Equity1.66%
    Norway - Equity1.05%
    Finland - Equity0.60%
    United States - Equity0.00%
    Belgium - Equity-0.01%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

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