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First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA)
Investment Objective/Strategy - The First Trust Asia Pacific ex-Japan AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq AlphaDEX® Asia Pacific Ex-Japan Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ Asia Pacific Ex-Japan Index that meet certain criteria.
  • To construct the Index, Nasdaq ranks the eligible stocks on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style.
  • Each stock receives the best style rank from the previous step as its selection score.
  • The top 100 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally weighted within each quintile.
  • Each stock is then tested in order of its selection score rank to check if the weight assigned to that stock is outside the country/sector weighting constraints, which are set at 15% above the benchmark weight.
    • If the weight assigned to the stock, when added with the weight assigned to all higher ranking stocks in its country/sector, is greater than the constraint, then the stock's weight is lowered to the highest rank in the next quintile. Stocks previously lower in rank then move up one rank. Such stocks in the lowest quintile that violate a constraint are removed from the portfolio and replaced by the highest scoring stock not originally selected, subject to country/sector constraints. This process continues until all the country/sector weightings meet the constraint.
  • The Index is reconstituted and rebalanced semi-annually.
Fund Overview
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
Fiscal Year-End12/31
Inception Price$29.83
Inception NAV$29.83
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 9/29/2022)
Closing NAV1$23.00
Closing Market Price2$22.70
Bid/Ask Midpoint$22.70
Bid/Ask Discount1.33%
30-Day Median Bid/Ask Spread31.76%
Total Net Assets$11,499,529
Outstanding Shares500,002
Daily Volume655
Average 30-Day Daily Volume680
Closing Market Price 52-Week High/Low$33.19 / $22.70
Closing NAV 52-Week High/Low$33.45 / $23.00
Number of Holdings (excluding cash)101
Top Holdings (as of 9/29/2022)*
Holding Percent
Jardine Cycle & Carriage Limited 2.95%
Keppel Corporation Limited 2.28%
Woodside Energy Group Limited 1.94%
Allkem Limited 1.90%
Korea Zinc Co., Ltd. 1.88%
LG Corp. 1.84%
Ampol Limited 1.80%
WH Group Limited 1.78%
Sino Land Company Limited 1.72%
Yangzijiang Shipbuilding (Holdings) Ltd. 1.68%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/30/2022)4$0.2330
30-Day SEC Yield (as of 8/31/2022)53.99%
12-Month Distribution Rate (as of 8/31/2022)66.27%
Index Yield (as of 8/31/2022)74.42%
Fund Characteristics (as of 8/31/2022)9
Maximum Market Cap.$299,382
Median Market Cap.$6,114
Minimum Market Cap.$1,465
Price/Cash Flow4.04
Top Country Exposure (as of 9/29/2022)
Country Percent
South Korea 39.15%
Australia 33.95%
Hong Kong 13.28%
Singapore 9.94%
China 1.69%
New Zealand 1.17%
Malaysia 0.82%
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 36 1 1 0
Days Traded at Discount 216 61 61 63
Top Sector Exposure (as of 9/29/2022)
Materials 24.85%
Industrials 18.92%
Real Estate 13.19%
Financials 9.39%
Information Technology 7.22%
Energy 6.15%
Consumer Discretionary 6.10%
Consumer Staples 5.06%
Communication Services 4.41%
Utilities 3.14%
Health Care 1.57%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *