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
$ 525.6 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Apr 18, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MOTOR OIL (HELLAS) SA | 1.0 % |
| PRYSMIAN SPA | 1.0 % |
| BRITISH LAND CO PLC | 1.0 % |
| JD SPORTS FASHION PLC | 1.0 % |
| WILH. WILHELMSEN ASA | 1.0 % |
| DEUTSCHE LUFTHANSA-REG | 0.9 % |
| KLEPIERRE | 0.9 % |
| BALFOUR BEATTY PLC | 0.9 % |
| AURUBIS AG | 0.9 % |
| HOCHTIEF AG | 0.9 % |
Constituent Breakdown
| Number of holdings | 207 |
| Herfindahl-Hirschman Index | 62 |
| Wgt avg mkt cap (mns) | $27,294 |
| Large cap (>$10bn) | 55.2% |
| Mid cap ($2-10bn) | 39.3% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 96.3% |
| Emerging mkts. | 0.5% |
Sector Breakdown
Country Exposure
 |
BRITAIN | 19.9 % |
 |
GERMANY | 12.9 % |
 |
FRANCE | 11.4 % |
 |
ITALY | 7.7 % |
 |
SWEDEN | 7.0 % |
 |
NETHERLANDS | 5.7 % |
 |
SPAIN | 5.6 % |
 |
NORWAY | 5.1 % |
 |
DENMARK | 3.9 % |
 |
SWITZERLAND | 3.7 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 6.1% | 19.4% | 24.5% | 18.3% | 6.0% | 7.6% | -- | 4.1% |
| Dividend Yield | 1.7% | 3.6% | 4.3% | 4.3% | 3.9% | 3.3% | -- | 2.9% |
| Total Returns | 7.8% | 22.9% | 28.7% | 22.7% | 9.9% | 10.9% | -- | 7.0% | Ann. Volatility | 21.0% | 17.2% | 18.5% | 17.4% | 19.7% | 20.2% | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 51% |
| MSCI EAFE | 1.03 | 86% |
| MSCI Emg Mkts | 0.56 | 55% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 1.18% |
Technical Indicators
| 30d moving avg. (EMA) | $57.50 |
| Relative strength (RSI) | 51 |
| MACD/Signal | 0.03/0.00 |
| Bollinger Bands (Upper/Lower) | $58.29/$56.50 |
| Short interest (% of AUM) | 0.1% |
Distributions
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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 | 56.0% | 0 bp | -0.2% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 27.2% | 0 bp | -0.1% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 24.6% | -55 bp | -0.9% |
| JIVE | JPMorgan International Value ETF | 23.0% | -25 bp | +1.0% |
| QINT | American Century Quality Diversified International ETF | 21.9% | -41 bp | -0.9% |
| FKU | First Trust United Kingdom AlphaDEX Fund | 20.5% | 0 bp | +0.4% |
| DWMF | WisdomTree International Multifactor Fund | 20.4% | -42 bp | -0.3% |
| FLEE | Franklin FTSE Europe ETF | 19.6% | -71 bp | -0.8% |
| IEUR | iShares Core MSCI Europe ETF | 19.5% | -69 bp | -0.7% |
| SPEU | SPDR Portfolio Europe ETF | 19.3% | -73 bp | -0.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 8/1/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.8%
ALTAR SCORE™
85th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 418 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.5%. FEP's ALTAR Score™ is approximately 1.0 standard
deviations above the category average. This places FEP in the 85th percentile
among funds in the category.
Sell-Side Consensus
$62.47
PRICE TARGET
+5.8%
UPSIDE
Bid/Ask Spreads
118 bp
AVG SPREAD
29 —
1,180 bp
RANGE