# First Trust US Large Cap Core AlphaDEX UCITS ETF (FEX) **Page:** https://fundology.uk/fund/fex · ISIN IE00B8X9NW27 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, FEX (First Trust US Large Cap Core AlphaDEX UCITS ETF, ISIN IE00B8X9NW27) closed at £86.33 on the London Stock Exchange. Its ongoing charge is 0.65% a year (about £65 on £10,000). Over the five years to 13/11/2026 its total return was +60.3%, or +25.1% after UK CPIH inflation. ## Summary First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD is an exchange-traded fund (ETF) from First Trust, launched in 2013. It tracks the NASDAQ AlphaDEX Large Cap Core Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£86.33** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FEX | | ISIN | IE00B8X9NW27 | | Also listed as | FEXU (London Stock Exchange, US dollars), FTGU (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | First Trust | | Tracks | NASDAQ AlphaDEX Large Cap Core Index | | Income | Accumulating | | Ongoing charge | 0.65% a year (£65 per £10,000) | | Fund size | £118m | | Launched | 2013 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/04/2013 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +17.59% | +13.42% | income reinvested | | 3 years | +61.17% | +45.61% | income reinvested | | 5 years | +60.28% | +25.10% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund): 2022 −1.8%, 2023 +8.4%, 2024 +20.5%, 2025 +5.5%; 2026 to 13/11/2026 +17.5%. Returns of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +15.5%; to 30/09/2025: +13.5%; to 30/09/2024: +17.5%; to 30/09/2023: +2.7%; to 30/09/2022: +6.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -1.8% | -10.1% | Price | | 2023 | +8.4% | +4.0% | Price | | 2024 | +20.5% | +16.4% | Price | | 2025 | +5.5% | +1.9% | Price | | 2026 to 13/11/2026 | +17.5% | +13.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.13% | -4.22% | | 3 years | 12.86% | -19.44% | | 5 years | 13.94% | -19.44% | ## Largest fall Volatility of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds, annualised from weekly returns to 13/11/2026: 10.1% over 1 year, 12.9% over 3 years, 13.9% over 5 years. Largest fall in the price of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD since November 2021, in pounds: −19.4% from 17/01/2025 to 11/04/2025. The lowest 12-month return of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund) since January 2021 was −7.4% (12 months to 18/08/2023); the highest was +33.8% (12 months to 22/11/2024). On 13/11/2026 the price of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD was 0.8% below its highest weekly close since November 2021 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD 0.65% a year. Compared on 14/11/2026, 5 of the 254 other US share funds charge more, 7 the same and 242 less (share classes counted once). ## Funds tracking the same index 2 funds track NASDAQ AlphaDEX Large Cap Core Index, this one included and share classes counted once; their ongoing charges range from 0.65% to 0.65% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD (this fund) | 0.65% | +17.6% | +61.2% | +60.3% | | First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Ptg.Shs Class B USD | 0.65% | +17.6% | +61.2% | +60.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.65%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of FEX?** The ongoing charge of FEX is 0.65% a year — about £65 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of First Trust Global Funds ICAV - First Trust US Large Cap Core AlphaDEX UCITS ETF Accum.Shs Class A USD 0.65% a year. Compared on 14/11/2026, 5 of the 254 other US share funds charge more, 7 the same and 242 less (share classes counted once). **What does FEX track?** FEX tracks the NASDAQ AlphaDEX Large Cap Core Index. **Is FEX accumulating or distributing?** FEX is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of FEX?** The ISIN of FEX is IE00B8X9NW27. An ISIN identifies one exact share class of a fund; FEX is its ticker on the London Stock Exchange. The same share class is also listed as FEXU (London Stock Exchange, US dollars) and FTGU (Xetra, euros). **What were FEX’s returns in each of the last five years?** Calendar-year returns of FEX in pounds (price, with income reinvested in the fund): 2022 −1.8%, 2023 +8.4%, 2024 +20.5%, 2025 +5.5%; 2026 to 13/11/2026 +17.5%. Past performance is not a guide to future returns. **How has FEX done after inflation?** Over the five years to 13/11/2026 FEX’s total return was +60.3%, or +25.1% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.