FEP
First Trust Europe AlphaDEX Fund
First Trust Europe AlphaDEX Fund seeks investment results that correspond to the Defined Europe Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
349.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $350 |
| 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 +
| SANOFI-AVENTIS | 0.9 % |
| HOCHTIEF AG | 0.9 % |
| ASSOCIATED BRITISH FOODS PLC | 0.9 % |
| SSAB AB CLASS B | 0.9 % |
| RIO TINTO PLC | 0.9 % |
| 3I GROUP PLC | 0.9 % |
| TRITAX BIG BOX REIT PLC | 0.9 % |
| PRYSMIAN SPA | 0.9 % |
| BUZZI UNICEM S.P.A. | 0.9 % |
| INTL CONSOLIDATED AIRLINE-DI | 0.9 % |
Constituent Breakdown
| Number of holdings | 207 |
| Herfindahl-Hirschman Index | 61 |
| Wgt avg mkt cap (mns) | $28,596 |
| Large cap (>$10bn) | 55.5% |
| Mid cap ($2-10bn) | 38.6% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 96.2% |
| Emerging mkts. | 0.5% |
Country Exposure
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 42.6% | 36.6% | 27.4% | 20.9% | 10.1% | 5.4% | -- | 3.4% |
| Dividend Yield | 0.5% | 0.5% | 3.2% | 3.2% | 3.5% | 2.8% | -- | 2.6% |
| Total Returns | 43.1% | 37.1% | 30.6% | 24.1% | 13.6% | 8.1% | -- | 6.1% | Ann. Volatility | 19.8% | 19.2% | 17.2% | 17.7% | 19.5% | 20.7% | -- | 21.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 37% |
| MSCI EAFE | 0.82 | 53% |
| MSCI Emg Mkts | 0.66 | 41% |
Liquidity Measures
| Avg. volume (000) | 21 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.72% |
Technical Indicators
| Recent close | $51.06 |
| 30d moving avg. | $51.02 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 54 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FEUZ | First Trust Eurozone AlphaDEX ETF | 58.2% | 0 bp | +7.7% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 28.9% | 0 bp | +8.6% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 25.3% | -55 bp | +7.1% |
| UIVM | VictoryShares International Value Momentum ETF | 24.6% | -45 bp | +8.4% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 22.5% | 0 bp | +7.5% |
| IEUR | iShares Core MSCI Europe ETF | 22.2% | -69 bp | +7.0% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 22.1% | -34 bp | +6.5% |
| IEV | iShares Europe ETF | 21.9% | -13 bp | +6.5% |
| SPEU | SPDR Portfolio Europe ETF | 21.9% | -73 bp | +7.1% |
| VGK | Vanguard FTSE Europe ETF | 21.7% | -74 bp | +7.2% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/3/2025
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
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 Rating
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.
ALTAR Score™
FEP
8.0%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 265 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. FEP's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places FEP in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 145 |
| Avg. Expense Ratio | 43.1 bp |
| Std. Deviation | 25.2 bp |
| FEP (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEP | 80.0 | 72.4 | 152.4 |
| Peer Avg. | 43.1 | 33.8 | 76.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .