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.
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.
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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. The fund's objective is to provide investors with exposure to a diversified portfolio of European companies that exhibit strong fundamentals, potentially outperforming traditional market-cap weighted indexes. As of 2026-03-15, FEP has an AUM of $0.47 billion and holds 207 stocks.
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. Investors should compare this expense ratio to those of similar international equity ETFs to assess its competitiveness.
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. The fund's methodology aims to select companies with strong growth and value characteristics, potentially leading to a different portfolio composition compared to market-cap weighted indexes.
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. However, the fund's expense ratio of 0.80% should be considered, as it can impact long-term returns. Investors should also be aware of the risks associated with international investing, including currency risk and political instability. Past performance does not guarantee future results.
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. Some similar ETFs may have lower expense ratios or larger AUM, but FEP's unique stock selection process may appeal to investors seeking a different approach to European equity investing. Investors should compare the performance and risk characteristics of FEP to those of other ETFs before making an investment decision.
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.