ATLASFirst Trust Europe AlphaDEX Fund (FEP): outlook, holdings and fees
First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.78% and the yield is 2.94%. The ten largest holdings are 10% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FEP
| Last price | $55.92 (-1.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $54.78 – $57.65 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 2.94% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FEP fund facts
| Issuer | First Trust |
|---|---|
| Theme | Europe |
| Assets under management | $490M |
| Expense ratio | 0.78% |
| Number of holdings | 50 |
| Portfolio turnover | 103% |
| Inception | Apr 18, 2011 |
| Exchange | NASDAQ |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Europe Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
FEP top holdings
| Holding | Sector | Weight |
|---|---|---|
| Motor Oil (Hellas) Corinth Refineries S.A MOH | Energy | 1.36% |
| A.P. Møller - Mærsk A/S MAERSK-B | Industrials | 1.20% |
| Wallenius Wilhelmsen ASA WALWIL | Industrials | 1.22% |
| Abrdn PLC ABDN | Financial Services | 1.03% |
| Prysmian SpA PRY | Industrials | 0.98% |
| JD Sports Fashion PLC JD | Consumer Cyclical | 0.96% |
| Repsol S.A. REP | Energy | 0.92% |
| Balfour Beatty plc BBY | Industrials | 0.95% |
| Metlen Energy & Metals PLC MTLN | Utilities | 0.87% |
| Saipem SpA SPM | Energy | 0.87% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FEP sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 21.5% |
| Industrials | 20.5% |
| Consumer Cyclicals | 10.4% |
| Energy | 10.3% |
| Basic Materials | 10.2% |
| Real Estate | 6.2% |
| Consumer Defensive | 5.4% |
| Technology | 4.5% |
| Communication Services | 4.3% |
| Healthcare | 3.6% |
| Utilities | 3.3% |
By region: Europe Developed 76.8%, United Kingdom 21.1%, North America 2.1%.
FEP returns and risk
| Year to date | +5.7% |
|---|---|
| 1 year | +13.9% |
| 3 years (annualised) | +25.1% |
| 5 years (annualised) | +9.6% |
| 10 years (annualised) | +10.4% |
| Volatility (3 years) | 14.3% |
| Sharpe ratio (3 years) | 1.27 |
Past returns do not guarantee future results.
FEP: frequently asked questions
What does FEP invest in?
First Trust Europe AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Motor Oil (Hellas) Corinth Refineries S.A (1.4%), A.P. Møller - Mærsk A/S (1.2%), Wallenius Wilhelmsen ASA (1.2%), Abrdn PLC (1.0%), Prysmian SpA (1.0%).
What is the FEP expense ratio?
0.78% a year: about $78.00 for every $10,000 invested.
What is the FEP dividend yield?
2.94%. ATLAS does not hold the exact distribution dates for ETFs.
Will FEP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $54.78 to $57.65 from $55.92 today. It is a probability, not a prediction.
How has FEP performed?
Year to date +5.7%, one year +13.9%, three years +25.1% a year, five years +9.6% a year. Past returns do not guarantee future results.
Similar ETFs: Europe
Educational information, not investment advice. Disclaimer