FEP
First Trust Europe AlphaDEX Fund
First Trust Europe AlphaDEX Fund seeks investment results that correspond to the Defined Europe Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
194.4 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $194 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BANCA MONTE DEI PASCHI DI SIENA S.P.A. | 2.3 % |
| SIEMENS ENERGY AG | 1.2 % |
| TENARIS SA | 1.0 % |
| INTL CONSOLIDATED AIRLINE-DI | 1.0 % |
| BUZZI UNICEM S.P.A. | 1.0 % |
| KONGSBERG GRUPPEN ASA | 1.0 % |
| NATWEST GROUP PLC | 1.0 % |
| ST JAMES'S PLACE PLC | 0.9 % |
| BANCO COMERCIAL PORTUGUES S.A. | 0.9 % |
| SCHIBSTED ASA | 0.9 % |
Constituent Breakdown
| Number of holdings | 207 |
| Herfindahl-Hirschman Index | 66 |
| Wgt avg mkt cap (mns) | $22,888 |
| Large cap (>$10bn) | 53.6% |
| Mid cap ($2-10bn) | 46.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
BRITAIN | 18.5 % |
 |
GERMANY | 14.2 % |
 |
FRANCE | 9.1 % |
 |
ITALY | 8.2 % |
 |
SWEDEN | 7.8 % |
 |
SWITZERLAND | 6.0 % |
 |
NORWAY | 5.7 % |
 |
SPAIN | 4.7 % |
 |
BELGIUM | 3.9 % |
 |
AUSTRIA | 3.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.1% | 24.3% | 18.2% | -1.1% | 4.6% | 5.2% | 4.1% | Volatility | 15.0% | 15.1% | 16.8% | 20.6% | 23.7% | 20.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 70% |
| MSCI EAFE | 1.16 | 92% |
| MSCI Emg Mkts | 0.93 | 58% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $8,188 |
Technical Indicators
| Recent close | $36.34 |
| 30d moving avg. | $38.24 |
| Annualized volatility | 21.4% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FEP |
Expenses vs. FEP |
ALTAR Score™ vs. FEP |
|---|---|---|---|---|
| FEUZ | First Trust Eurozone AlphaDEX ETF | 57.5% | 0 bp | -1.1% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 35.2% | 0 bp | +1.2% |
| UIVM | VictoryShares International Value Momentum ETF | 27.5% | -45 bp | +3.2% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 24.4% | -55 bp | -0.7% |
| IVLU | iShares MSCI Intl Value Factor ETF | 23.9% | -50 bp | +3.6% |
| IEUR | iShares Core MSCI Europe ETF | 21.4% | -69 bp | -0.8% |
| SPEU | SPDR Portfolio Europe ETF | 21.2% | -73 bp | -0.8% |
| VGK | Vanguard FTSE Europe ETF | 20.9% | -69 bp | -0.8% |
| IQIN | IQ 500 International ETF | 20.8% | -55 bp | +1.4% |
| IEV | iShares Europe ETF | 20.7% | -13 bp | -1.2% |
Risk and Returns: FEP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FEP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FEP
7.8%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FEP's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FEP in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FEP (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEP | 80.0 | 20.6 | 100.6 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .