First Trust Europe AlphaDEX Fund
$58.23−0.97 (−1.63%)
- Expense ratio
- 0.80%
- Fund size
- $525M
- 1Y return
- +20.1%
- Yield · Last 12 months
- 2.70%
- Holdings
- 200
- Volume · 30D
- 0M sh
- NAV per share
- $58.70
- 52W range
The ETF.net FEP Grade
Score 30 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 9Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 41Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 56Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on FEP
DMost multifactor international funds sweep in the whole developed world. FEP sticks to Europe, ranking developed-European stocks on growth and value marks through First Trust's AlphaDEX screen rather than by market size.
The Fund seeks to track, before fees and expenses, the Nasdaq AlphaDEX® EuropeTM Index, an equity index selecting and weighting developed-European securities through the AlphaDEX® methodology.
Why people hold it
- Europe-only by design: a rules-based screen selects and weights developed-European stocks on growth and value marks instead of on who carries the biggest market cap.ftportfolios.com
- Live since 2011, making it one of the longer-tenured factor-screened Europe equity ETFs, and it has stayed a multi-hundred-million-dollar fund.
- Rules do the picking, not a manager's hunch: it tracks the Nasdaq AlphaDEX Europe Index, holds roughly 200 stocks and pays quarterly.
Worth knowing
- Cost is the sticking point: 0.80% a year, well above the norm for international multifactor funds. Peers like INTF and GSIE charge a fraction of that.
- One of the thinner-traded names in its category, so bid-ask spreads can run wider than at the group's heavyweights.
- Developed Europe only. No Japan, Canada or Asia-Pacific, so it is a slice of international equity rather than the whole allocation.ftportfolios.com
FEP Holdings
- Stocks
- 200
- 10%
- MOH.AT
Sectors
- Industrials25.2%
- Materials11.3%
- Energy11.1%
- Financials10.8%
- Consumer Discr.10.6%
- Cons. Staples7.9%
- Utilities6.9%
- Health Care4.8%
- Real Estate4.7%
- Communication3.7%
- Technology2.9%
Geography
- United Kingdom19.54%
- Germany13.30%
- France10.95%
- Italy7.96%
- Sweden7.23%
- Norway5.34%
- Spain5.30%
- Netherlands4.93%
- 25.46%
Developed 95% · Emerging 5%
FEP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FEP |
|---|---|
| Year to date | +11.8% |
| 1 month | −2.2% |
| 3 months | +2.8% |
| 1 year | +20.1% |
| 3 years | +25.4% |
| 5 years | +10.3% |
| 10 years | +10.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FEP |
|---|---|---|
| 2026 YTD | +11.8% | |
| 2025 | +55.7% | |
| 2024 | +3.4% | |
| 2023 | +16.8% | |
| 2022 | −23.0% | |
| 2021 | +17.0% | |
| 2020 | +4.1% |
FEP in the news
ETF.net Research hasn’t filed on FEP yet — coverage lands here as it’s written.
FEP Dividends
- 2.70%
- $1.60
- $0.80 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.80 |
| Mar 26, 2026 | Mar 31, 2026 | $0.08 |
| Dec 12, 2025 | Dec 31, 2025 | $0.54 |
| Sep 25, 2025 | Sep 30, 2025 | $0.18 |
| Jun 26, 2025 | Jun 30, 2025 | $0.96 |
| Mar 27, 2025 | Mar 31, 2025 | $0.11 |
| Dec 13, 2024 | Dec 31, 2024 | $0.27 |
| Sep 26, 2024 | Sep 30, 2024 | $0.30 |
| Jun 27, 2024 | Jun 28, 2024 | $0.92 |
| Mar 21, 2024 | Mar 28, 2024 | $0.29 |
| Dec 22, 2023 | Dec 29, 2023 | $0.20 |
| Sep 22, 2023 | Sep 29, 2023 | $0.10 |
FEP Risk
- 14.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −38.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.90
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FEP Cost
- The middle half of International Multifactor funds
- Median 0.35%
25 of the 30 International Multifactor funds charge less.