FEP
First Trust Europe AlphaDEX Fund
First Trust Europe AlphaDEX Fund seeks investment results that correspond to the Defined Europe Index.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $207 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| A.P. MOLLER - MAERSK A/S CLASS B | 0.9 % |
| STATOILHYDRO ASA | 0.9 % |
| KONECRANES OYJ | 0.9 % |
| CENTRICA PLC | 0.9 % |
| DEUTSCHE BANK AG-REGISTERED | 0.9 % |
| BANCO DE SABADELL SA | 0.9 % |
| BANCA POPOL EMILIA ROMAGNA | 0.9 % |
| BEAZLEY PLC | 0.9 % |
| DAIMLER AG-REGISTERED SHARES | 0.9 % |
| 3I GROUP PLC | 0.9 % |
Constituent Breakdown
| Number of holdings | 206 |
| Herfindahl-Hirschman Index | 66 |
| Wgt avg mkt cap (mns) | $30,284 |
| Large cap (>$10bn) | 57.9% |
| Mid cap ($2-10bn) | 41.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
BRITAIN | 15.9 % |
 |
GERMANY | 13.8 % |
 |
FRANCE | 11.8 % |
 |
ITALY | 9.9 % |
 |
SWEDEN | 6.5 % |
 |
SPAIN | 6.2 % |
 |
NETHERLANDS | 5.2 % |
 |
DENMARK | 4.4 % |
 |
NORWAY | 4.2 % |
 |
AUSTRIA | 4.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.3% | 13.0% | 2.4% | 1.0% | 4.9% | 3.2% | 4.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 72% |
| MSCI EAFE | 1.20 | 92% |
| MSCI Emg Mkts | 0.91 | 57% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $10,114 |
Technical Indicators
| Recent close | $37.18 |
| 30d moving avg. | $34.29 |
| Annualized volatility | 21.3% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FEP |
Expenses vs. FEP |
ALTAR Score™ vs. FEP |
|---|---|---|---|---|
| FEUZ | First Trust Eurozone AlphaDEX ETF | 63.1% | 0 bp | -0.3% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 39.2% | 0 bp | +2.0% |
| UIVM | VictoryShares International Value Momentum ETF | 28.6% | -45 bp | +2.0% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 26.3% | -55 bp | -1.3% |
| VGK | Vanguard FTSE Europe ETF | 24.4% | -69 bp | -1.8% |
| FLEE | Franklin FTSE Europe ETF | 24.4% | -71 bp | -1.8% |
| IEUR | iShares Core MSCI Europe ETF | 24.3% | -69 bp | -9.9% |
| IEV | iShares Europe ETF | 24.2% | -13 bp | -2.6% |
| SPEU | SPDR Portfolio Europe ETF | 24.0% | -73 bp | -2.1% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 23.7% | -34 bp | -2.3% |
Risk and Returns: FEP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FEP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FEP
8.6%
Cat. Avg
7.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. FEP's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places FEP in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FEP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEP | 80.0 | 20.6 | 100.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .