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FEP ETF · First Trust Europe AlphaDEX Fund ETF
The FEP Exchange Traded Fund (ETF) is provided by First Trust. It is built to track an index: NASDAQ AlphaDEX Europe Index. The FEP ETF provides physical exposure, so by buying it you actually own parts of all the 171 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 4/2/2026, 1:30 PM UTC
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This fund is part ofEurope Blended Cap1M perf.-7.19%
Last price
$55.20
1M perf.
-4.04%
1M flows
+€14M
AuM
€429M
E/R
0.8%
Rating
ESG Consensus®
FEP
$55.20
Performance & flows
Segment for quartile rank
January 2, 2026 → April 1, 2026
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FEP
$55.34
+2.38%
Europe Blended Cap
-0.89%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -4.04%  | +2.38%  | +40.32% | +78.18% | +58.90% | +1.56% | +1.56% | +3.12% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/1/2026
$55.34
1D NAV change
+1.56%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
171
Inception date
4/18/2011
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
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. To construct the Index, Nasdaq ranks the eligible stocks on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +2.38% | +40.32% | +78.18% | +58.90% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
United Kingdom
19.32%
Germany
15.79%
Italy
9.05%
France
7.67%
Spain
7.58%
Norway
5.23%
Denmark
4.18%
Austria
4.06%
Unavailable
14.05%
Other
13.07%
Sectors
Industrials
20.34%
Financials
18.14%
Materials
12.40%
Energy
6.50%
Consumer Discretionary
4.90%
Consumer Staples
4.73%
Utilities
4.52%
Health Care
4.12%
Unavailable
15.81%
Other
8.54%
Diversification
Total weight of top 15 holdings out of 171
Top 15 holdings
Data as of February 28, 2026
HOCHTIEF
YARA INTL
NORDEX
ACS CONS Y SERV
FRESNILLO PLC
AURUBIS AG (ORDINARY)
EQUINOR
ENDEAVOUR MINING
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TOTALENERGIES SE
RIO TINTO
MOELLER MAERSK
SSAB
VOPAK
RWE ST
NORSK HYDRO
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
NASDAQ AlphaDEX Europe Net Total Return Index - USD
Index ticker
NQDXEUN Index
Index dividend policy
NTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
First Trust
First Trust ID Card
Number of funds
402
Total AuM
€211.74B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7992%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.34B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.84B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.28B |
BUFR | FT Vest Fund of Buffer ETF | €7.54B |
AIRR | First Trust RBA American Industrial Renaissance ETF | €7.45B |
Frequently asked questions about FEP
What does First Trust Europe AlphaDEX Fund ETF, FEP, invest in?
FEP is a Passive ETF. This ETF provides exposure to Other European Equities.
Which benchmark or index does FEP replicate?
FEP tracks the NASDAQ AlphaDEX Europe Net Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of FEP?
FEP carries a total expense ratio (TER) of 0.8%, indicating the annual cost for holding the fund.
When was FEP launched?
FEP was introduced to the market on April 18, 2011. It trades on United States
Who is the ETF issuer of FEP?
First Trust Europe AlphaDEX Fund ETF, FEP, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of FEP?
FEP oversees €429M in assets as of April 1, 2026.
How has FEP performed lately?
Based on data from April 1, 2026, FEP returned -4.04% over the past month, 2.38% over the last three months and 3.12% year-to-date.
What are the latest inflows or outflows for FEP?
As of April 1, 2026, FEP recorded net flows of +€14M over the last month and +€65M year-to-date.
Does FEP distribute dividends?
FEP follows a distributing dividend policy, meaning it pays out income to investors. As of April 1, 2026, its 12-month trailing yield was 3.17%.
What are the main country or region exposures of FEP?
As of February 28, 2026, FEP has significant geographic allocations in United Kingdom, Germany and Italy.
In which sector or theme does FEP invest in?
As of February 28, 2026, FEP focuses largely on Industrials, Financials and Materials.
How many securities does FEP hold and how diversified is it?
As of February 28, 2026, FEP holds 171 positions in its portfolio, with 16.20% of assets concentrated in its top 15 holdings.
What are the main positions in FEP?
As of February 28, 2026, FEP top three holdings include HOCHTIEF, YARA INTL and NORDEX.
What is the base currency of FEP?
The base currency of FEP is USD.
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