First Trust Dynamic Europe Equity Income:FDEU

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$13.96$15.48-9.82%
    52 Wk Avg$11.57$13.33-13.30%
    52 Wk High$14.00$15.50-9.63%
    52 Wk Low$9.25$10.89-16.95%
    Regular Distribution TypeManaged Distribution
    Distribution Rate5.16%
    Distribution Amount$0.0600
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will seek to achieve its investment objective by investing at least 80% of its Managed Assets (as defined below) in a portfolio of equity securities of European companies of any market capitalization, including, but not limited to, common and preferred stock that pay dividends, depositary receipts and real estate investment trusts ('REITs')See 'Risks--European Markets Risk' and 'Risks--Non-U.S. Securities Risk'. The Fund will seek to focus its equity investments on income-producing securities and will limit its investments in preferred securities, depositary receipts and REITs, in each case, to no more than 20% of its Managed Assets.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$345.982M
    Total Common Assets:$266.750M
    Common Shares Outstanding:17,231,908
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $79.232M
    Regulatory Leverage (USD): $79.232M
    Effective Leverage (USD): $79.232M
    Effective Leverage (%): 22.90%
    Annual Expense Ratios

    As of 12/31/2020

      Per Common Share
    Management Fees1.45%
    Other Expenses:0.26%
    Baseline Expense: N/A
    Interest Expense:0.43%
    Total: 2.15%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Ben Lofthouse, John W. Gambla, Rob A. Guttschow, Alex Crooke

    Basics
    Category: Equity-Global Equity
    Ticker: FDEU
    NAV Ticker: XFDEX
    Average Daily Volume (shares): 53,732
    Average Daily Volume (USD): $0.606M
    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 6/11/2021

    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 12/31/2020
    $0.1085
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    4.65%
    Total Return on NAV (12 months):
    As of 6/11/2021
    41.20%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    22.90%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-12.48%
    1 Year-13.30%
    3 Year-10.26%
    5 Year-8.95%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.99
    6 Month2.01
    1 Year2.45
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Global Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD19.13%14.70%19.83%12.39%
    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 5/31/2021
    Category: Morningstar US CEF Global Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2021
    82
    Annual Portfolio Turnover:
    As of 12/31/2020
    43.00%
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Sensitive (Super Sector)35.36%
    Cyclical (Super Sector)30.94%
    Defensive (Super Sector)26.08%
    Financial Services18.90%
    Industrials15.43%
    Healthcare9.83%
    Consumer Defensive9.48%
    Communication Services9.21%
    Energy7.27%
    Cash Equivalents (Super Sector)7.26%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Nestle SA$8.54M2.64%
    Anglo American PLC$7.92M2.45%
    National Grid PLC$7.76M2.40%
    British Land Co PLC$7.71M2.39%
    Novartis AG$7.42M2.30%
    Vodafone Group PLC$7.34M2.27%
    TotalEnergies SE$7.04M2.18%
    SSE PLC$6.91M2.14%
    Royal Dutch Shell PLC Class A$6.74M2.09%
    Allianz SE$6.66M2.06%
    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United Kingdom - Equity32.36%
    Switzerland - Equity16.25%
    France - Equity12.56%
    Germany - Equity6.92%
    Netherlands - Equity6.77%
    Spain - Equity4.88%
    Sweden - Equity4.65%
    Italy - Equity1.94%
    Austria - Equity1.80%
    Norway - Equity1.74%
    Finland - Equity1.13%
    Denmark - Equity0.89%
    Poland - Equity0.30%
    United States - Equity0.23%
    Belgium - Equity-0.02%

    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.

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