First Trust Germany AlphaDEX Fund (FGM) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 1.27: the stock has moved about 27% more than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerFirst Trust Germany AlphaDEX Fund (FGM) trades at $58.41. First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that aims to replicate the price and yield of the Nasdaq AlphaDEX Germany Index. Sector: Financials.
Price as of · Last analyzed: Mar 18, 2026Analyst Coverage for FGM: FGM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
First Trust Germany AlphaDEX Fund (FGM) Financial Services Profile
First Trust Germany AlphaDEX Fund (FGM) offers investors targeted exposure to the German equity market through a unique AlphaDEX methodology, differentiating it from traditional market-cap weighted ETFs. With a focus on growth and value factors, FGM competes within the broader asset management sector, providing a specific investment strategy.
What Is the Investment Thesis for FGM?
FGM presents a targeted investment vehicle for those seeking exposure to the German equity market through a factor-based approach. The fund's AlphaDEX methodology, which emphasizes growth and value factors, offers the potential to outperform traditional market-cap weighted indices. However, the fund's relatively small market capitalization of $0.08 billion and beta of 1.27 indicate higher volatility compared to broader market ETFs. Upcoming catalysts include potential outperformance if the German economy experiences growth in sectors favored by the AlphaDEX methodology. Key risks include underperformance relative to market-cap weighted indices if the factor tilts are not rewarded and Ongoing risks include fluctuations in the Euro exchange rate impacting returns for USD-based investors. Ultimately, the fund's success hinges on the continued efficacy of its factor-based selection process and the overall health of the German economy.
Based on FMP financials and quantitative analysis
FGM Key Highlights
FGM's investment objective is to replicate the price and yield of the Nasdaq AlphaDEX Germany Index.
- The fund employs a proprietary AlphaDEX methodology focused on growth and value factors.
- FGM provides targeted exposure to the German equity market.
- The fund's market capitalization is $0.08 billion, indicating a smaller size compared to broader market ETFs.
- FGM has a beta of 1.27, suggesting higher volatility relative to the market.
Who Are FGM's Competitors?
FGM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BRHY iShares High Yield Active ETF | $49.12 | +0.11% | $119M | — |
| FCA First Trust China AlphaDEX Fund | $25.50 | -1.11% | $49.1M | — |
| FEUZ First Trust Eurozone AlphaDEX ETF | $63.66 | +1.23% | $89.3M | — |
| FKU First Trust United Kingdom AlphaDEX Fund | $53.83 | +0.91% | $112M | — |
| FSZ First Trust Switzerland AlphaDEX Fund | $78.92 | +1.25% | $35.5M | — |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | — |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | — |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FGM's Key Strengths?
Proprietary AlphaDEX methodology.
- Targeted exposure to the German equity market.
- Established brand name of First Trust.
- Rules-based investment approach.
What Are FGM's Weaknesses?
Relatively small market capitalization.
- Higher beta compared to broader market ETFs.
- Dependence on the performance of the German economy.
- Potential for underperformance relative to market-cap weighted indices.
What Are the Key Risks for FGM?
Underperformance relative to market-cap weighted indices if the factor tilts are not rewarded.
- Fluctuations in the Euro exchange rate impacting returns for USD-based investors.
- Economic slowdown in Germany negatively impacting company earnings.
- Increased competition from other ETFs offering similar exposure.
What Are FGM's Competitive Advantages?
- Proprietary AlphaDEX methodology for stock selection and weighting.
- Established brand name and reputation of First Trust Advisors L.P.
- Access to the German equity market through a single investment vehicle.
What Does FGM Do?
The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund (ETF) designed to track the Nasdaq AlphaDEX Germany Index. The fund's core objective is to mirror the price and yield performance of this index, before accounting for fees and expenses. Unlike conventional market capitalization-weighted indices, the Nasdaq AlphaDEX Germany Index employs a proprietary methodology to select and weight stocks based on growth factors including sales to price and one year sales growth, and value factors including book value to price, cash flow to price, and return on assets. This approach aims to identify companies with the potential for superior risk-adjusted returns within the German equity market. Since its inception, FGM has provided investors with a targeted means of accessing the German economy. The fund's holdings consist primarily of publicly traded companies based in Germany, spanning various sectors. By utilizing the AlphaDEX methodology, FGM seeks to outperform traditional market-cap weighted indices, offering a potentially enhanced investment outcome. The fund is managed by First Trust Advisors L.P., a well-established provider of ETFs and other investment products. FGM is available to investors seeking exposure to the German equity market through a rules-based and factor-driven investment strategy.
What Products and Services Does FGM Offer?
- Tracks the Nasdaq AlphaDEX Germany Index.
- Invests in German equities.
- Employs a factor-based investment strategy.
- Selects and weights stocks based on growth and value factors.
- Provides exposure to the German economy.
- Offers a rules-based approach to investing in German equities.
- Seeks to outperform traditional market-cap weighted indices.
How Does FGM Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- AUM growth is driven by investment performance and net investor inflows.
- Expenses include management fees, operating expenses, and distribution costs.
What Industry Does FGM Operate In?
The asset management industry is characterized by a diverse range of investment vehicles, including ETFs like FGM. These funds compete with traditional mutual funds, hedge funds, and other investment strategies for investor capital. The German equity market, in particular, is influenced by macroeconomic trends, regulatory changes, and global economic conditions. FGM's success depends on its ability to attract investors seeking targeted exposure to the German market through a factor-based approach, differentiating itself from competitors offering broader market exposure or alternative investment strategies.
Who Are FGM's Key Customers?
- Retail investors seeking exposure to the German equity market.
- Financial advisors looking for factor-based investment strategies.
- Institutional investors seeking to diversify their portfolios.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 47 |
| 2026-08-31 | 47 |
| 2026-09-08 | 47 |
| 2026-09-16 | 47 |
| 2026-09-24 | 47 |
| 2026-10-04 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -8.3%.
FGM Financials
Bull Case vs Bear Case
Bull Case
- Proprietary AlphaDEX methodology.
- Targeted exposure to the German equity market.
- Established brand name of First Trust.
- Rules-based investment approach.
Bear Case
- Relatively small market capitalization.
- Higher beta compared to broader market ETFs.
- Dependence on the performance of the German economy.
- Potential for underperformance relative to market-cap weighted indices.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FGM Latest News
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This ETF Will Work...Until It Doesn't
· Oct 19, 2015
FGM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for FGM.
Price Targets
Wall Street price target analysis for FGM.
FGM MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for FGM; grades run from A+ (80-100) to F (below 30).
FGM Financials Stock FAQ
What does First Trust Germany AlphaDEX Fund do?
The First Trust Germany AlphaDEX Fund (FGM) is an exchange-traded fund that provides investors with exposure to the German equity market. It tracks the Nasdaq AlphaDEX Germany Index, which employs a proprietary methodology to select and weight stocks based on growth and value factors.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on publicly available information.