Is FEX a good investment?

First Trust Large Cap Core AlphaDEX Fund (FEX) is a US large-cap blend ETF. As of September 11, 2026, ETF Copilot scores FEX 5.0 out of 10 — highest on Return (6.3), lowest on Valuation (4.2). It trades at 18.6 times earnings, against its own median of 17.1. Its ten largest holdings are 6% of the fund.

Updated September 11, 2026

How is FEX rated? ETF Copilot scores First Trust Large Cap Core AlphaDEX Fund (FEX) 5.0 out of 10

As of September 11, 2026, ETF Copilot scores First Trust Large Cap Core AlphaDEX Fund (FEX) 5.0 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 5.0 / 10
Growth: 4.5 / 10
Valuation: 4.2 / 10
Risk: 4.7 / 10
Quality: 4.7 / 10
Return: 6.3 / 10

What is FEX's expense ratio? 0.57% a year

As of September 11, 2026, FEX charges 0.57% a year, yields 1.69% and holds $1.6B in assets across 374 positions.

First Trust Large Cap Core AlphaDEX Fund (FEX) — cost, income and size
Measure	FEX
Expense ratio	0.57%
Dividend yield	1.69%
Assets under management	$1.6B
Holdings	374

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.

What stands out in FEX's data

U.S. large-cap stocks selected through a rules-based active approach.

Trades at a discount to the broad market — you pay less for each dollar of earnings.

Its trailing EBITDA multiple of 13.6x is below the category median of 18.0x. The fund charges 0.6% in annual expenses.

A value-tilted core position for a portfolio that already holds broad U.S. exposure.

Why did FEX move this week? It fell 1.3% in the week to September 11, 2026 — Copart and Cognizant Tech Solutions drove it

FEX fell 1.3% in the week to September 11, 2026. The holdings that moved it most were Copart (−10.8%), Cognizant Tech Solutions (−7.2%) and Fidelity National Info Serv (−9.8%); Bloom Energy (+17.1%) pushed the other way.

Is FEX expensive right now? It trades at 18.6 times earnings, against its own median of 17.1

As of September 11, 2026, FEX is more expensive than 72% of its own 114 monthly readings since 2017 — 82 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside FEX? 20% Tech

What's inside FEX: Size (Large 63%, Mid 37%, Small 0%); Geography (International 5%, US 95%); Tech 19.8%; Magnificent 7 1.0%; AI 4.8%; Semiconductors 4.5%; Memory 4.0%.

What are FEX's top holdings? The ten largest are 6% of the fund

Cognizant Tech Solutions, Accenture, ConocoPhillips, Super Micro Computer, Regeneron Pharmaceuticals, PayPal, AT&T, Phillips 66, Global Payments and Devon Energy are FEX's largest holdings, in that order.

Less concentrated than 96% of US Large Cap Blend ETFs.

Half of FEX's weight sits in its 117 largest positions, and once those weights are taken into account it behaves like 299 equally weighted holdings.

Cite this

ETF Copilot, “First Trust Large Cap Core AlphaDEX Fund (FEX) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/fex