First Trust Europe AlphaDEX Fund
$56.28+0.66 (+1.19%)
- 0.80%
- $491M
- +13.8%
- 3.14%
- 0M sh
- $55.75
- low $49.11high $61.07
The ETF.net FEP Grade
D
Score 31 out of 100
- 25 of 30
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F9 out of 100Rank 26 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 25 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C46 out of 100Rank 17 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 16 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B69 out of 100Rank 9 of 30
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
- 205
- 10%
- MOH.AT
Sectors
- Industrials22.7%
- Materials13.4%
- Energy12.3%
- Financials10.5%
- Consumer Discretionary8.9%
- Consumer Staples7.8%
- Utilities7.4%
- Real Estate4.9%
- Communication4.7%
- Health Care4.3%
- Technology3.2%
Geography
- United Kingdom19.95%
- Germany12.83%
- France10.74%
- Italy8.04%
- Sweden7.20%
- Spain5.32%
- Norway5.30%
- Netherlands5.13%
- 25.48%
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.
FEP$11,375
Returns run to the Oct 12, 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 | +5.7% |
| 1 month | −6.1% |
| 3 months | −2.5% |
| 1 year | +13.8% |
| 3 years | +24.0% |
| 5 years | +9.7% |
| 10 years | +10.2% |
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 | +5.7% | |
| 2025 | +55.7% | |
| 2024 | +3.4% | |
| 2023 | +16.8% | |
| 2022 | −23.0% | |
| 2021 | +17.0% | |
| 2020 | +4.1% |
FEP in the news
FEP Dividends
- 3.14%
- $1.74
- $0.33 per share
- Quarterly
Distribution history
FEP Risk
- 14.8%
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.
- 1.23
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
0.80%
FEP0.80%
- The middle half of International Multifactor funds
- Median 0.35%
25 of the 30 International Multifactor funds charge less.
Other funds in International Multifactor
- DFDTFirst Trust Developed Markets ex-US AlphaDEX FundExpense ratio 0.80%1 year return +28.2%
- DIDYNBlackRock ETF Trust - iShares International Equity Factor Rotation Active ETFExpense ratio 0.45%1 year return +15.0%
- DIFLOVictoryShares International Free Cash Flow ETFExpense ratio 1.05%1 year return +34.6%
- DOEFAALPS O'Shares International Developed Quality Dividend ETFExpense ratio 0.48%1 year return +7.3%
- DFEUZFirst Trust Eurozone AlphaDEX ETFExpense ratio 0.80%1 year return +11.3%