ETF Evaluator: First Trust Eurozone AlphaDEX® ETF () Follow This ETF

First Trust Eurozone AlphaDEX® ETF Overview

First Trust Eurozone AlphaDEX® ETF (FEUZ) is a passively managed International Equity Europe Stock exchange-traded fund (ETF). First Trust launched the ETF in 2014.

The investment seeks investment results that correspond generally to the price and yield of an index called the NASDAQ® AlphaDEX® Eurozone Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Eurozone Index that may generate positive alpha, or risk-adjusted returns, relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.

About First Trust Eurozone AlphaDEX® ETF (FEUZ)

There are 7 members of the management team with an average tenure of 10.69 years: Daniel Lindquist (2014), Jon Erickson (2014), David McGarel (2014), Stan Ueland (2014), Chris Peterson (2016), Erik Russo (2020) and Roger Testin (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: NASDAQ Eurozone TR USD index with a weighting of 100% and MSCI EMU NR USD index with a weighting of 100%. First Trust Eurozone AlphaDEX® ETF has 158 securities in its portfolio. The top 10 holdings constitute 12.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

First Trust Eurozone AlphaDEX® ETF is part of the Equity global asset class and is within the International Equity ETF group. First Trust Eurozone AlphaDEX® ETF has 97.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.0% There is 97.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Trust Eurozone AlphaDEX® ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $132 million in total assets, which is below the $2 billion average for the Europe Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FEUZ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Trust Eurozone AlphaDEX® ETF expense ratio is high compared to funds in the Europe Stock category. First Trust Eurozone AlphaDEX® ETF has an expense ratio of 0.80%, which is 85% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Trust Eurozone AlphaDEX® ETF has a portfolio turnover rate of 91%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 30% for the Europe Stock category.

Recently, in the month of July 2026, First Trust Eurozone AlphaDEX® ETF returned 2.2%, which earned it a grade of B, as the Europe Stock category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

First Trust Eurozone AlphaDEX® ETF has a trailing yield of 2.65%, which is equal to the 2.65% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

First Trust Eurozone AlphaDEX® ETF Grades

Year to date, the ETF has returned 12.3%, 2.1 percentage points better than the category, which translates into a grade of B. The fund has returned 26.6% over the past year (grade of A), 21.3% over the past three years (grade of A) and 10.6% per year over the past five years (grade of B) and 10.4% per year over the past 10 years (grade of C).

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