FEP

First Trust Europe AlphaDEX Fund
D

63
*Unless otherwise stated, data provided by FactSet.

FEP Fund Description

FEP 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 Analytics Insight

First Trust Europe AlphaDEX Fund has an MSCI ESG Fund Rating of A based on a score of 6.52 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

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. First Trust Europe AlphaDEX Fund ranks in the 79th percentile within its peer group and in the 13th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FEP MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

FEP Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FEP 3.06% 0.56% 13.81% -6.47% 7.99% 3.70% --
FEP (NAV) 4.69% 1.57% 14.10% -6.72% 7.86% 3.84% --
NASDAQ AlphaDEX Europe Index 4.20% 1.13% 14.38% -6.28% 10.24% 6.09% --
MSCI Europe IMI 3.97% 0.55% 14.06% 0.21% 6.83% 2.26% 5.08%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FEP Summary Data

First Trust
04/18/11
Open-Ended Fund
0.80%
$524.17M
$2.54M
0.17%

FEP Portfolio Data

$17.15B
11.48
1.50
2.20%
09/25/19
200

FEP Index Data

Tiered
Multi-Factor
MSCI Europe IMI

FEP Portfolio Management

0.80%
-0.63%
1.51%
-2.17%

FEP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FEP Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

FEP Factset Analytics Block Liquidity

As of 09/13/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FEP. FEP is rated a 5 out of 5.

FEP Tradability

74,668
$2.54M
66,073
$2.34M
0.17%
$0.06
-0.10%
1.06% / -1.48%
None
31.00%
50,000
1.32
0.24%
0.09%
14
$34.95
5

FEP Sector/Industry Breakdown


FEP
Segment Benchmark
22.00%
11.66%
17.53%
19.78%
15.78%
13.59%
12.92%
7.20%
7.40%
7.67%
6.43%
3.85%
6.04%
6.29%
5.06%
13.62%
3.72%
13.08%
3.11%
3.26%

FEP Top 10 Holdings[View All]

1.11%
1.07%
1.00%
0.92%
0.91%
0.91%
0.91%
0.90%
0.89%
0.89%
9.51%

FEP Countries


FEP
Segment Benchmark
18.49%
13.35%
18.37%
27.44%
13.89%
16.19%
10.93%
4.92%
8.47%
3.93%
6.13%
5.61%
5.44%
4.52%
4.28%
2.80%
4.25%
1.67%
2.63%
14.11%

FEP Regions


FEP
Segment Benchmark
99.84%
99.21%
0.16%
0.79%

FEP Economic Development


FEP
Segment Benchmark
100.00%
100.00%

FEP Performance Statistics

0.94
1.16
1.09
1.15
0.31%
MSCI Europe IMI

FEP MSCI ESG Ratings

A
6.52 / 10
12.81
79.50
6.83%
8.93%
336.20

FEP Benchmark Comparison Holdings

200
1425
191
19.47%

FEP Benchmark Comparison Summary


FEP
Segment Benchmark
200
1425
$17.15B
$68.69B
11.48
17.55
1.50
1.79
3.11%
3.52%
Low
Low

FEP Benchmark Comparison Market Cap Size


FEP
Segment Benchmark
28.52%
74.69%
69.79%
19.33%
1.69%
5.39%
0.00%
0.59%