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FEP Fund Description
The First Trust Europe AlphaDex Fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P's AlphaDex selection methodology.
FEP FactSet Analytics Insight
FEP aims to outperform the broad European market by using a quantitative methodology to select 200 stocks using growth and value factors. It then ranks these stocks based on the strength of the resulting style scores and weights them equally within quintiles. It reconstitutes and rebalances its portfolio semiannually to maintain exposure to its expected outperformers. It doesn't look much like our benchmark, due in part to its tiered equal-weighting scheme. Sector biases abound—the fund seriously underweights non-cyclicals and healthcare—though they can also change in light of the fund's rebalancing. FEP offers decent onscreen liquidity, though spreads can be significant at times. Larger investors will rejoice in FEP's perfect block liquidity score. The fund's Achilles heel is its high fee, and while investors may realize lower costs thanks to its securities lending, tracking can be rather volatile. FEP might be a slightly too-bumpy ride for some investors, given the costs.
FEP MSCI ESG Fund metrics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of August 17, 2017 the First Trust Europe AlphaDEX Fund MSCI ESG Fund Quality Score is 6.67 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FEP ranks in the 30th percentile within its peer group and in the 87th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
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FEP Summary Data
FEP Portfolio Data
FEP Index Data
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FEP Portfolio Management
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FEP Fund Structure
FEP FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FEP. FEP is rated a 5 out of 5.