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) | $228 |
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 +
CENTRICA PLC | 1.4 % |
ROLLS-ROYCE GROUP PLC | 1.3 % |
MYTILINEOS HOLDINGS S.A. | 1.2 % |
A2A SPA | 1.1 % |
HOCHTIEF AG | 1.1 % |
3I GROUP PLC | 1.0 % |
STATOILHYDRO ASA | 1.0 % |
ENI SPA | 1.0 % |
TENARIS SA | 1.0 % |
SHELL PLC | 0.9 % |
Constituent Breakdown
Number of holdings | 203 |
Herfindahl-Hirschman Index | 64 |
Wgt avg mkt cap (mns) | $13,464 |
Large cap (>$10bn) | 28.4% |
Mid cap ($2-10bn) | 47.9% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
BRITAIN | 20.6 % | |
GERMANY | 16.9 % | |
FRANCE | 15.0 % | |
ITALY | 8.7 % | |
SWEDEN | 6.7 % | |
SPAIN | 5.0 % | |
NORWAY | 4.0 % | |
SWITZERLAND | 3.2 % | |
AUSTRIA | 3.0 % | |
GREECE | 2.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
10.0% | 18.4% | -8.6% | 3.8% | 0.7% | 4.5% | 3.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.07 | 74% |
MSCI EAFE | 1.17 | 93% |
MSCI Emg Mkts | 0.91 | 53% |
Liquidity Measures
Avg. volume (000) | 29 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.25% |
ADV of underlying (mns) | $8,642 |
Technical Indicators
Recent close | $33.97 |
30d moving avg. | $34.33 |
Annualized volatility | 22.3% |
Relative strength (RSI) | 44 |
Short interest (ETF) | 1.0% |
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 | 62.3% | 0 bp | 0.0% |
FDT | First Trust Developed Markets ex-US Alphadex Fund | 48.8% | 0 bp | -0.4% |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 28.5% | -55 bp | -1.9% |
IQIN | IQ 500 International ETF | 25.5% | -55 bp | -0.9% |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 23.2% | -41 bp | -2.2% |
FLEE | Franklin FTSE Europe ETF | 23.1% | -71 bp | -2.4% |
BBEU | JPMorgan BetaBuilders Europe ETF | 23.0% | -71 bp | -2.4% |
FLEU | Franklin FTSE Eurozone ETF | 22.6% | -71 bp | -2.4% |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 22.6% | -34 bp | -3.0% |
DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 22.5% | -33 bp | -3.2% |
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
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
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
2022 | 2023E | Fwd Est | 2024E | |
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 9/20/2023
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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
10.3%
Cat. Avg
7.9%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 10.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 271 funds in the International Equities category, with an average ALTAR Score™
of 7.9% and a standard deviation of
2.5%. FEP's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FEP in the 83rd 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 | |
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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 | 25.0 | 105 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .