FEP vs INTF: Grades, Fees and Holdings Compared

First Trust Europe AlphaDEX Fund

FEPDNasdaq

iShares International Equity Factor ETF

INTFANYSE Arca

Overlap

13.4%by weight

Expense ratio

INTF −0.64pt a year

FEP0.80%INTF0.16%

Avg volume · 30D

INTF 12.6×the volume

FEP24.5KINTF309K

10Y return · a year

FEP +1.0pt

FEP+10.3%INTF+9.3%

FEP vs INTF Performance

Oct 29, 2021 – Oct 30, 2026

+55.4%FEP+65.8%INTF

Expense ratio: FEP 0.80%; INTF 0.16%, better
Fund size: FEP $484M; INTF $3.7B
1Y total return: FEP +14.1%; INTF +17.0%, better
Yield (12M): FEP 3.09%, better; INTF 3.02%
Holdings: FEP 209; INTF 501
Avg volume (30D): FEP 24.5K sh; INTF 309K sh, better
NAV per share: FEP $56.56; INTF $41.10
52W range

ETF.net Grade

Pillar letters and Scores for FEP, INTF, with each pillar’s weight
Pillar	FEP	INTF
Cost30% weight	F5	A98Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D34	B55Higher
Tradability15% weight	C50	A73Higher
Holdings10% weight	B58	B68Higher
Durability5% weight	B69	A86Higher

Rank among International Multifactor funds

How we build Categories ›

Same Category. FEP and INTF are both graded against the same 30 International Multifactor funds, so their Grades compare head to head.

International Multifactor⁠

Category · 30 funds

See all 30 ›

INTF ranks 1st and FEP 25th of 30 funds in the International Multifactor Category.

Rank 1AINTFiShares International Equity Factor ETFScore 79
Rank 2ADFAIDimensional International Core Equity Market ETFScore 77
Rank 23DIFLOVictoryShares International Free Cash Flow ETFScore 37
Rank 25DFEPFirst Trust Europe AlphaDEX FundScore 31
Rank 25DIDYNiShares International Equity Factor Rotation Active ETFScore 31

Our read on each fund

ETF.net Research

FEPDFirst Trust Europe AlphaDEX Fund

INTFAiShares International Equity Factor ETF

In short

FEP Most 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.

INTF Five factors at once (value, quality, momentum, low volatility, low size) aimed at developed markets outside the US, for 0.16% a year. That is well under half what the typical international multifactor fund charges.

Stated mandate

FEP 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.

INTF The fund seeks to track an index of international developed-market stocks chosen using value, quality, momentum, low-volatility, and low-size factors.

Why people hold it

FEP 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.

INTF At 0.16% a year it undercuts the peer median of 0.38%, and also GSIE (0.25%), RODM (0.29%) and FDEV (0.18%).
One basket of roughly 500 developed-market stocks does the work of separate value, quality, momentum, low-volatility and small-size sleeves.
Live since 2015 and now a multi-billion-dollar iShares fund, giving it more history than much of the international multifactor shelf.
Rates among the strongest implementations in its international multifactor peer group of 29 funds.

Worth knowing

FEP 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

INTF Factor tilts are the whole point, so returns can wander from a plain cap-weighted international index in either direction, sometimes for long stretches.
Developed markets only. No emerging-market exposure here, and returns move with foreign currencies as well as foreign stocks.
Volume is moderate rather than heavy, so limit orders help. Distributions land once or twice a year, not quarterly.

Full FEP profile⁠

Full INTF profile⁠

FEP vs INTF Holdings

How FEP and INTF differ

Overlap by weight

13.4%

Shared holdings make up 35.6% of FEP and 14.8% of INTF.

Level by level

Holdings73 in both13.4%
Countryby domicile51.0%
Sector11 Sectors82.1%
Asset classEquity100%

Sector

Sector weights in FEP and INTF, widest gap first
Sector	More in FEPMore in INTF	FEP	INTF
Materials	FEP +6.5 points	13.2%	6.7%
Technology	INTF +6.0 points	4.7%	10.7%
Financials	INTF +5.1 points	21.7%	26.8%
Energy	FEP +5.1 points	10.6%	5.5%
Health Care	INTF +4.9 points	3.8%	8.7%
Real Estate	FEP +3.4 points	5.7%	2.3%
Communication	FEP +2.0 points	5.1%	3.1%
Consumer Staples	INTF +1.3 points	4.7%	6.0%
Industrials	FEP +0.9 points	17.8%	16.9%
Consumer Discretionary	INTF +0.3 points	9.0%	9.3%
Utilities	INTF +0.2 points	3.8%	4.0%

Country, concentration and asset class

Country by domicile

Country weights in FEP and INTF, widest gap first
Country	More in FEPMore in INTF	FEP	INTF
Japan	INTF +26.4 points	0.0%	26.4%
Canada	INTF +7.8 points	0.0%	7.8%
United Kingdom	FEP +6.9 points	20.7%	13.8%
Australia	INTF +6.5 points	0.0%	6.5%
Belgium	FEP +5.4 points	5.4%	0.0%
Switzerland	INTF +5.0 points	3.6%	8.6%
Norway	FEP +4.9 points	5.9%	1.0%
Sweden	FEP +4.6 points	6.7%	2.1%
Other countries (14)	FEP +24.1 points	57.8%	33.7%

Outside the US: FEP 97% developed, 3% emerging. INTF 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

FEP9.3%
INTF12.8%

Securities held

FEP202
INTF482

Asset class

FEP: Equity
INTF: Equity

Holdings

Only in FEP129
In both73
Only in INTF409

Only in FEP

129 securities, 64.2% of FEP by weight

Var Energi ASA1.02%
Shell Plc0.96%
JD Sports Fashion Plc0.95%
Frasers Group Plc0.94%
Teleperformance SE0.94%
Sofina S.A.0.93%
Investor AB (Class B)0.90%
Standard Life PLC0.88%
Buzzi Unicem SpA0.88%
Legal & General Group Plc0.88%
L E Lundbergforetagen AB (Class B)0.85%
Man Group Plc0.85%
Industrivarden AB (Class C)0.84%
Vontobel Holding AG (Registered)0.83%
Boliden AB0.82%
Aedifica SA0.82%
Metlen Energy & Metals Plc0.81%
A.P. Moeller - Maersk A/S (Class B)0.80%
3i Group Plc0.79%
Vonovia SE0.78%
Demant A/S0.78%
Kingspan Group Plc0.77%
Koninklijke Vopak N.V.0.75%
ArcelorMittal0.74%
Piraeus Bank S.A.0.74%
Aker ASA (Class A)0.74%
Kesko Oyj (Class B)0.73%
Elis SA0.71%
Omv AG0.70%
Storebrand ASA0.70%
Associated British Foods Plc0.70%
Orange0.70%
Umicore S.A.0.69%
Aurubis AG0.69%
Rs Group PLC0.68%
Dhl AG0.68%
thyssenkrupp AG0.68%
Fresenius Medical Care AG0.67%
Sonae - SGPS, S.A.0.66%
UNIQUA Insurance Group AG0.65%
Wallenius Wilhelmsen ASA0.65%
Smiths Group Plc0.64%
DEME Group NV0.64%
Persimmon Plc0.64%
Merlin Properties SOCIMI, S.A.0.63%
Aegon Ltd.0.63%
SSAB AB (Class B)0.62%
Renishaw Plc0.62%
Compagnie Generale des Etablissements Michelin0.62%
KBC Ancora SCA0.61%

Only in INTF

409 securities, 84.6% of INTF by weight

Asml Holding2.30%
Novartis AG2.25%
Roche Ps Par AG1.22%
Royal Bank of Canada1.20%
Mitsubishi Ufj Financial Group1.04%
Hsbc Holdings PLC1.02%
Nestle SA0.99%
Astrazeneca PLC0.96%
Abb Ltd0.92%
Bhp Group Ltd0.91%
Sumitomo Mitsui Financial Group0.86%
Mizuho Financial Group0.83%
Sap0.82%
Loblaw Companies Ltd0.81%
Recruit Holdings Ltd0.81%
Shell0.80%
Unicredit0.77%
Siemens N AG0.69%
Toyota Motor0.68%
Manulife Financial0.66%
Rio Tinto0.64%
Commonwealth Bank of Australia0.64%
Advantest0.63%
Aib Group PLC0.63%
Ubs Group AG0.62%
Suncor Energy Inc0.62%
Bp PLC0.60%
Loreal SA0.56%
Hitachi0.56%
Asics0.54%
Novo Nordisk Class B0.54%
Rolls-Royce Holdings PLC0.54%
Glaxosmithkline0.51%
Tokio Marine Holdings0.50%
Nordea Bank0.49%
The Sage Group0.48%
Engie SA0.47%
Sony Group0.47%
Siemens Energy N AG0.47%
Tokyo Electron0.47%
Zurich Insurance Group AG0.45%
Tesco PLC0.43%
Bae Systems PLC0.42%
Investor Class B0.42%
Fast Retailing0.41%
Credit Agricole SA0.40%
Safran SA0.40%
Schneider Electric0.40%
Shopify Subordinate Voting Class A0.39%
Toronto Dominion0.39%

Weight gaps

All 73 Holdings in both funds, largest gap first.

Holding weights in FEP and INTF, widest gap first
Holding	More in FEPMore in INTF	FEP	INTF
Indra Sistemas, S.A.	FEP +0.80 points	0.91%	0.11%
Computacenter PlcCCC.L	FEP +0.76 points	0.77%	<0.01%
Genmab A/S	FEP +0.75 points	0.81%	0.06%
Yara International ASA	FEP +0.68 points	0.81%	0.13%
Basf SE	FEP +0.68 points	0.88%	0.20%
Motor Oil (Hellas) Corinth Refineries S.A.	FEP +0.67 points	0.80%	0.13%
NN Group N.V.	FEP +0.64 points	0.66%	0.02%
SBM Offshore N.V.	FEP +0.63 points	0.66%	0.03%
Lion Finance Group PLCBGEO.L	FEP +0.62 points	0.71%	0.09%
The British Land Company PlcBLND.L	FEP +0.58 points	0.72%	0.14%
Capgemini SE	FEP +0.58 points	0.60%	0.02%
Prosus N.V.	FEP +0.59 points	0.80%	0.21%
Edenred	FEP +0.57 points	0.58%	0.01%
Heidelberg Materials AG	FEP +0.55 points	0.70%	0.15%
Raiffeisen Bank International AG	FEP +0.53 points	0.60%	0.07%
Klepierre	FEP +0.52 points	0.82%	0.30%
A2A S.p.A.	FEP +0.50 points	0.70%	0.20%
Glencore PlcGLEN.L	FEP +0.50 points	0.79%	0.29%
Compagnie de Saint-Gobain S.A.	FEP +0.50 points	0.65%	0.15%
Renault S.A.	FEP +0.49 points	0.53%	0.04%
Iss A/S	FEP +0.48 points	0.83%	0.35%
Unipol Assicurazioni S.p.A.	FEP +0.46 points	0.62%	0.16%
Volkswagen AG (Preference Shares)	FEP +0.46 points	0.49%	0.03%
Bayerische Motoren Werke (BMW) AG	FEP +0.46 points	0.69%	0.23%
Andritz AG	FEP +0.45 points	0.48%	0.03%
Voestalpine AG	FEP +0.41 points	0.45%	0.04%
Mercedes-Benz Group AG	FEP +0.41 points	0.66%	0.25%
Vodafone Group PlcVOD.L	FEP +0.40 points	0.82%	0.42%
Equinor ASA	FEP +0.39 points	0.78%	0.39%
Balfour Beatty PlcBBY.L	FEP +0.37 points	0.78%	0.41%
Adecco Group AG	FEP +0.37 points	0.49%	0.12%
Randstad N.V.	FEP +0.36 points	0.38%	0.02%
WPP PlcWPP.L	FEP +0.35 points	0.37%	0.02%
Banco Bilbao Vizcaya Argentaria, S.A.	INTF +0.35 points	0.28%	0.63%
Galp Energia, SGPS, S.A.	FEP +0.34 points	0.46%	0.12%
Eiffage SA	FEP +0.34 points	0.50%	0.16%
Kingfisher PlcKGF.L	FEP +0.31 points	0.53%	0.22%
De'Longhi SpA	FEP +0.29 points	0.53%	0.24%
Repsol, S.A.	FEP +0.29 points	0.85%	0.56%
Bank of Ireland Group Plc	FEP +0.26 points	0.30%	0.04%
ABN AMRO Group N.V.	INTF +0.24 points	0.45%	0.69%
Rio Tinto PlcRIO.L	FEP +0.22 points	0.44%	0.22%
Unibail-Rodamco-Westfield	FEP +0.19 points	0.50%	0.31%
Carrefour S.A.	FEP +0.19 points	0.27%	0.08%
Eni SpA	FEP +0.18 points	0.37%	0.19%
Publicis Groupe	FEP +0.18 points	0.35%	0.17%
Norsk Hydro ASA	FEP +0.18 points	0.28%	0.10%
Societe Generale S.A.	INTF +0.18 points	0.14%	0.32%
Marks & Spencer Group PlcMKS.L	FEP +0.17 points	0.36%	0.19%
Ageas S.A./N.V.	FEP +0.17 points	0.51%	0.34%
Kuehne + Nagel International AG (Registered)	FEP +0.15 points	0.18%	0.03%
Scor SE	FEP +0.15 points	0.18%	0.03%
Centrica PlcCNA.L	FEP +0.15 points	0.35%	0.20%
ING Groep N.V.	FEP +0.13 points	0.44%	0.31%
Commerzbank AG	FEP +0.13 points	0.15%	0.02%
Mycronic AB	FEP +0.13 points	0.15%	0.02%
Allianz SE	INTF +0.13 points	0.35%	0.48%
Koninklijke Ahold Delhaize N.V.	FEP +0.13 points	0.51%	0.38%
Saipem SpA	INTF +0.12 points	0.17%	0.29%
Standard Chartered PlcSTAN.L	FEP +0.11 points	0.30%	0.19%
Natwest Group PlcNWG.L	INTF +0.11 points	0.14%	0.25%
Orkla ASA	FEP +0.10 points	0.18%	0.08%
Pandora A/S	INTF +0.08 points	0.16%	0.24%
TotalEnergies SE	INTF +0.08 points	0.75%	0.83%
Sanofi	INTF +0.07 points	0.36%	0.43%
Aberdeen Group PLCABDN.L	FEP +0.04 points	0.30%	0.26%
Pearson PlcPSON.L	FEP +0.04 points	0.18%	0.14%
Orion Oyj (Class B)	INTF +0.03 points	0.20%	0.23%
Banco Santander S.A.	FEP +0.03 points	0.41%	0.38%
British American Tobacco p.l.c.BATS.L	FEP +0.02 points	0.19%	0.17%
Compass Group PlcCPG.L	FEP +0.01 points	0.19%	0.18%
Endeavour Mining PlcEDV.L	INTF +0.01 points	0.15%	0.16%
BAWAG Group AG	Same weight	0.15%	0.15%

All 203 FEP holdings⁠All 483 INTF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FEP vs INTF Cost

Overpaying FEP vs INTF

$12,004

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FEP 0.80%
$15,346
INTF 0.16%
$3,342

Amount$10,000

Years30 years

Cost over time

FEP 0.80%
INTF 0.16%
Overpaying

Year by year

Year	FEP	INTF	Overpaying
10	$1,422	$292	$1,130
20	$5,393	$1,141	$4,252
30	$15,346	$3,342	$12,004

Expense ratio

0.80%FEP
0.16%INTF, cheaper

INTF0.16%FEP0.80%

0.15%0.80%

Middle half of International Multifactor funds
Median 0.34%

INTF 2nd cheapest of 30 funds

FEP 27th cheapest of 30 funds

FEP vs INTF Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FEP 3.09%, better; INTF 3.02%
Payout (12M): FEP $1.74; INTF $1.24
Last payment: FEP $0.33; INTF $0.72
Ex-dividend: FEP Sep 24, 2026; INTF Jun 15, 2026
Paid on: FEP Sep 30, 2026; INTF Jun 18, 2026
Frequency: FEP Quarterly; INTF Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

FEPQuarterly · 38 paymentsAll FEP payments⁠

INTFTwice a year · 20 paymentsAll INTF payments⁠

FEP vs INTF Risk

Fall from peak · 5 years

FEP
INTF

Risk facts

VolatilityStd dev, 3 years: FEP 14.4%INTF 11.2%, better
Return per unit of riskSharpe ratio, 3 years: FEP 1.39INTF 1.45, better
Worst fallMax drawdown, 5 years: FEP −38.3%INTF −27.6%, better
Market sensitivityBeta, 5 years: FEP 0.90INTF 0.74; Market = 1

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