First Trust Dynamic Europe Equity Income Fund (RFDI)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
RFDI Chart
First Trust Dynamic Europe Equity Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 946 | $61,896.9 | $83,777.85 | $21,880.95 | 35.35% |
 KURT TRAULSEN EVOLUTION WEALTH MANAGEMENT INC. | 471 | $34,409.77 | $41,763.52 | $7,353.75 | 21.37% |
 Candy Palugi Claris Financial LLC | 16,924 | $1.3M | $1.49M | $195,961.27 | 15.09% |
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First Trust Dynamic Europe Equity Income Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is designed for investors looking to diversify their portfolio through investments in developed market companies. It aims at achieving its investment objective by primarily allocating at least 80% of its net assets into a wide array of equity securities. This diversified investment strategy includes common stocks, depositary receipts, and shares in real estate investment trusts (REITs), thereby offering exposure to various sectors and industries within developed markets. Additionally, the fund employs forward foreign currency exchange contracts and currency spot transactions to hedge against potential currency risks. This approach not only aims to protect the investment from currency fluctuations but also seeks to enhance returns by mitigating the fund's exposure to currency volatility related to the denominated currencies of the equity securities it holds.
Products and Services
Equity Securities Investment: The fund primarily invests at least 80% of its net assets in equity securities of developed market companies. This includes purchasing common stock and depositary receipts that give investors exposure to the financial performance of these companies. By focusing on equity investments, the fund aims to offer significant growth potential over the long term, capitalizing on the developments and performance of established markets.
Real Estate Investment Trusts (REITs) Shares: Investments in common and preferred shares of REITs form a part of the fund's strategy. REITs are companies that own, operate, or finance income-generating real estate across a range of property sectors. These investments provide an opportunity for income generation through dividends, alongside potential capital appreciation, thus offering a balanced mix of income and growth to the fund's portfolio.
Currency Hedging Mechanisms: The fund uses forward foreign currency exchange contracts and currency spot transactions as tools to hedge its exposure to currency fluctuations. This is particularly relevant for a fund that invests in multinational companies and assets denominated in various currencies. Hedging against currency risk is crucial in reducing the volatility that comes from exchange rate movements, potentially stabilizing returns for investors irrespective of the currency fluctuations in the international markets.
