FEP ETF — Holdings & Analysis

FEP's expense ratio is 0.80%. The fund's differentiated approach aims to outperform traditional market-cap weighted indexes by focusing on factors like value and growth within the European equity market, offering investors a potentially higher return profile.

First Trust Europe AlphaDEX Fund (FEP) ETF — Price, Holdings & Analysis

The First Trust Europe AlphaDEX Fund (FEP) is an international equity ETF with $0.47 billion in assets under management. It seeks to replicate the Nasdaq AlphaDEX Europe Index, employing a quantitative methodology to select and weight European stocks. FEP's expense ratio is 0.80%. The fund's differentiated approach aims to outperform traditional market-cap weighted indexes by focusing on factors like value and growth within the European equity market, offering investors a potentially higher return profile.

ETF Overview

The First Trust Europe AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX Europe Index.

FEP aims to deliver investment results that generally correspond to the price and yield of the Nasdaq AlphaDEX Europe Index. This index employs a methodology that selects stocks from a broad European universe based on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and value factors including book value to price, cash flow to price, and return on assets. The selected stocks are then ranked and weighted, potentially leading to a portfolio composition different from traditional market-cap weighted indexes. The fund's top holdings include companies like Hochtief AG (1.26%), Fresnillo PLC (1.24%), and Endeavour Mining PLC (1.19%). Sector allocation is heavily weighted towards Industrials (27.1%) and Financial Services (20.4%), with significant exposure to Basic Materials (14.1%). This ETF is designed for investors seeking exposure to European equities with a focus on companies exhibiting strong growth and value characteristics.

Risk Metrics

FEP's risk profile is influenced by its concentrated sector allocations and its focus on European equities. The fund's significant allocation to Industrials (27.1%) and Financial Services (20.4%) means that its performance is closely tied to the performance of these sectors in Europe. The fund's beta of 1.16 indicates that it is more volatile than the broader market. The expense ratio of 0.80% can create a drag on returns, especially in periods of lower market performance. Investors should also consider the currency risk associated with investing in European equities. The fund's holdings are concentrated, with the top 10 holdings accounting for approximately 11.42% of the portfolio, which can amplify the impact of individual stock performance on the overall fund performance. Past performance does not guarantee future results.

Expense Ratio

0.80%

What does FEP hold?

Holding	Weight
Hochtief AG (HOT.DE)	1.26%
Fresnillo PLC (FRES.L)	1.24%
Endeavour Mining PLC (EDV.L)	1.19%
ACS Actividades de Construccion y Servicios SA (ACS.MC)	1.15%
Aurubis AG (NDA.DE)	1.14%
Nordex SE Akt. nach Kapitalherabsetzung (NDX1.DE)	1.09%
Tenaris SA (TEN.MI)	1.09%
Boliden AB (BOL.ST)	1.08%
SSAB AB (publ) Class B (SSAB B)	1.08%
Rio Tinto PLC Ordinary Shares (RIO.L)	1.06%

How Is the Fund Allocated?

Sector	Weight
Industrials	27.1%
Financial Services	20.4%
Basic Materials	14.1%
Consumer Cyclical	9.1%
Energy	8.2%
Consumer Defensive	5.2%
Healthcare	4.6%
Utilities	3.5%
Real Estate	3.4%
Communication Services	3.1%
Technology	1.4%
Cash & Others	0.0%

Country	Weight
United Kingdom	21.1%
Germany	18.5%
Italy	10.0%
France	8.8%
Spain	7.4%
Norway	4.9%
Sweden	4.8%
Denmark	4.6%
Austria	4.1%
Netherlands	2.8%

Dividend Yield

3.03%

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) — 0.99% expense ratio
Dimensional - International Core Equity Market ETF (DFAI) — 0.18% expense ratio
WisdomTree Global High Dividend Fund (DEW) — 0.58% expense ratio
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) — 0.80% expense ratio
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) — 0.80% expense ratio
WisdomTree International High Dividend Fund (DTH) — 0.58% expense ratio
WisdomTree International Hedged Quality Dividend Growth Fund (IHDG) — 0.58% expense ratio
JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) — 0.15% expense ratio

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) (International Equity) — 0.99% expense ratio
FT Energy Income Partners Enhanced Income ETF (EIPI) (Sector Equity) — 1.11% expense ratio
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) (International Equity) — 0.80% expense ratio
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) (Sector Equity) — 0.56% expense ratio
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) (International Equity) — 0.80% expense ratio
First Trust Dow Jones International Internet ETF (FDNI) (International Equity) — 0.65% expense ratio

Risk Metrics

Beta: 1.16

Questions & Answers

What is FEP and what does it track?

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that seeks to replicate the price and yield performance of the Nasdaq AlphaDEX Europe Index.

This index employs a quantitative methodology to select European stocks based on both growth and value factors.

What is the expense ratio for FEP?

The expense ratio for the First Trust Europe AlphaDEX Fund (FEP) is 0.80%. This means that for every $10,000 invested in the fund, $80 is deducted annually to cover operating expenses.

While this provides access to a diversified portfolio of European equities, it's important to consider this cost when evaluating the fund's potential returns.

What are the top holdings in FEP?

As of 2026-03-15, the top holdings in the First Trust Europe AlphaDEX Fund (FEP) are: Hochtief AG (1.26%), Fresnillo PLC (1.24%), Endeavour Mining PLC (1.19%), ACS Actividades de Construccion y Servicios SA (1.15%), and Aurubis AG (1.14%).

These holdings represent a mix of companies across various sectors within the European market.

Is FEP a good long-term investment?

Whether FEP is a suitable long-term investment depends on an investor's individual circumstances and risk tolerance. The fund offers exposure to European equities, which can provide diversification benefits.

FEP's methodology focuses on selecting stocks based on growth and value factors, which may lead to outperformance in certain market conditions.

How does FEP compare to similar ETFs?

FEP differentiates itself from other European equity ETFs through its AlphaDEX methodology, which selects stocks based on growth and value factors rather than market capitalization. Its expense ratio is 0.80%. As of 2026-03-15, FEP has an AUM of $0.47 billion.

Does FEP pay dividends?

Yes, the First Trust Europe AlphaDEX Fund (FEP) distributes dividends. The fund's current dividend yield is 3.03%. This yield represents the annual dividend payment as a percentage of the fund's share price.

Dividend payments can provide investors with a source of income and contribute to the fund's total return. However, dividend yields can fluctuate over time and are not guaranteed.