First Trust Europe AlphaDEX Fund (FEP) is a Europe-focused ETF. As of October 9, 2026, ETF Copilot scores FEP 3.6 out of 10 — highest on Return (5.6), lowest on Growth (2.1). It trades at 12.1 times earnings, against its own median of 10.9. Its ten largest holdings are 10% of the fund.
What stands out in FEP's data
European stocks picked by a quantitative ranking system, not market weight.
Trades at a cheaper price than the typical European fund — you get more earnings per dollar invested.
Its trailing P/E multiple of 12.1x sits below the category median of 16.0x. The fund charges 0.8% annually.
A value-tilted complement to a core international allocation, with a different selection method.
How is FEP rated? ETF Copilot scores First Trust Europe AlphaDEX Fund (FEP) 3.6 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Europe AlphaDEX Fund (FEP) 3.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.6 / 10
- Growth: 2.1 / 10
- Value: 4.4 / 10
- Risk: 2.9 / 10
- Quality: 2.8 / 10
- Return: 5.6 / 10
Is FEP expensive right now? It trades at 12.1 times earnings, against its own median of 10.9
As of October 9, 2026, FEP is more expensive than 76% of its own last 9 years.
Trailing 12 months, built from FEP's holdings. How we calculate this →
What's inside FEP?
What's inside FEP: Size (Large 27%, Mid 68%, Small 5%); Geography (International 100%, US 0%); Tech 3.2%; AI 0.2%; Semiconductors 1.1%; Memory 0.2%.
What are FEP's top holdings? The ten largest are 10% of the fund
Less concentrated than 96% of Europe ETFs.
Half of FEP's weight sits in its 63 largest positions, and once those weights are taken into account it behaves like 159 equally weighted holdings.
What is FEP's expense ratio? 0.80% a year
As of October 9, 2026, FEP charges 0.80% a year, yields 3.12% and holds $486M in assets across 199 positions.
| Measure | FEP |
|---|---|
| Expense ratio | 0.80% |
| Dividend yield | 3.12% |
| Assets under management | $486M |
| Holdings | 199 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Europe AlphaDEX Fund (FEP) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fep
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