First Trust Europe AlphaDEX Fund

Frequently Asked Questions About FEP

What does FEP invest in?

The First Trust Europe AlphaDEX Fund functions as an exchange-traded fund (ETF), aiming to replicate the financial performance, including both price appreciation and income generation, of the Nasdaq AlphaDEX Europe Index. This tracking of the equity benchmark's returns is pursued prior to the application of the fund's own fees and expenses.

What is the expense ratio of FEP?

First Trust Europe AlphaDEX Fund (FEP) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FEP?

First Trust Europe AlphaDEX Fund (FEP) manages $537.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FEP actively managed or an index fund?

FEP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FEP launched?

First Trust Europe AlphaDEX Fund (FEP) launched in April 2011 and is managed by First Trust.

How has FEP performed?

FEP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.