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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
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 .