First Trust Dynamic Europe Equ:FDEU

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    Overview

    As of 9/20/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$13.79$15.21-9.34%
    52 Wk Avg$13.99$15.42-9.33%
    52 Wk High$15.96$17.33-5.10%
    52 Wk Low$12.50$13.99-13.78%
    Regular Distribution TypeManaged Distribution
    Distribution Rate10.53%
    Distribution Amount$0.1210
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds investment objective is to provide a high level of current income with a secondary focus on capital appreciation.

    Capital Structure

    As of 9/20/2019

    Total Net Assets:$359.836M
    Total Common Assets:$262.614M
    Common Shares Outstanding:17,231,908
    Leverage

    As of 6/28/2019

    Preferred Share Assets:
    Type of Preferred:
    Total Debt (USD): $97.000M
    Structural Leverage (USD): $97.000M
    Structural Leverage (%): 26.84%
    Effective Leverage (USD): $97.000M
    Effective Leverage (%): 26.84%
    Annual Expense Ratios

    As of 12/31/2018

      Per Common Share
    Management Fees1.45%
    Other Expenses:0.19%
    Baseline Expense: 1.64%
    Interest Expense:0.26%
    Total: 1.90%
    Fund Management

    Fund Sponsor
    First Trust Advisors

    Portfolio Managers
    Alex Crooke (24 Sep 2015) / Ben Lofthouse (24 Sep 2015)John Gambla (24 Sep 2015) / Rob A. Guttschow (24 Sep 2015)

    Basics
    Category: Non-US/Other-Other Non-US Equity
    Ticker: FDEU
    NAV Ticker:
    Average Daily Volume (shares): 67,000
    Average Daily Volume (USD): $0.936M
    Inception Date: 9/24/2015
    Inception Share Price: $20.00
    Inception NAV:
    Tender Offer: No
    Term: Yes
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 9/20/2019

    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.

    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 6/30/2019
    $0.1044
    Annualized Distribution Rate on NAV:
    As of 9/20/2019
    9.53%
    Total Return on NAV (12 months):
    As of 9/20/2019
    -3.09%
    Avg. UNII Per Share:
    As of 6/30/2018
    -$0.1417
    Total % Portfolio Effectively Leveraged:
    As of 9/20/2019
    26.84%

    Pricing Information

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

    As of 9/20/2019

    PeriodAvg Discount
    6 Month-8.74%
    1 Year-9.33%
    3 Year-7.60%
    5 Year 
    Z-Score

    As of 9/20/2019

    PeriodZStat
    3 Month-0.80
    6 Month-0.50
    1 Year0.00
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/20/2019
    Category: Other Non-US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD18.02%11.44%18.79%15.49%
    2018-26.72%-19.94%-28.26%-25.57%
    201736.34%23.60%33.35%26.37%
    2016-0.91%2.12%-0.26%-0.24%
    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 9/20/2019
    Category: Other Non-US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 8/31/2019
    81
    Annual Portfolio Turnover:
    As of 12/31/2018
    44.00%
    Asset Allocation

    As of 4/30/2018 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2019 reported by Fund Sponsor

    Sector%Portfolio
    Financials 17.36%
    Industrials 15.27%
    Consumer Staples 14.84%
    Health Care 10.44%
    Energy 10.23%
    Telecommunication Service8.05%
    Utilities 7.34%
    Materials 6.53%
    Real Estate 5.41%
    Information Technology 4.53%
    Top Holdings

    As of 12/31/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    Us Dollars$35.37M10.05%
    Usd/Gbp Fwd 20190305 000002824 Usd 05 Mar 2019$17.57M4.99%
    Roche Holding AG$9.83M2.79%
    Enel Societa Per Azioni$9.60M2.73%
    Imperial Tobacco Group Plc$8.53M2.42%
    Siemens AG$8.41M2.39%
    Deutsche Telekom AG$8.06M2.29%
    Nestle SA$8.02M2.28%
    Snam Rete Gas$7.94M2.26%
    Bae Systems Plc$7.51M2.14%
    Eni SPA$7.41M2.11%
    Country Allocation

    As of 3/31/2019 reported by Fund Sponsor

    Country% Portfolio
    UK 35.31%
    Switzerland 14.10%
    France 11.10%
    Germany 8.85%
    Italy 8.04%
    Netherlands 7.57%
    Spain 3.12%
    Sweden 2.62%
    Finland 2.62%
    Norway 1.64%
    Luxembourg 1.61%
    Austria 1.49%
    Denmark 1.29%
    Belgium 0.64%

    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.

    EWB-854124PR-E