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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.
  • The NASDAQ AlphaDEX® Asia Pacific Ex-Japan 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
TickerFPA
Fund TypeInternational Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBrown Brothers Harriman
CUSIP33737J109
ISINUS33737J1097
Intraday NAVFPAIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception4/18/2011
Inception Price$29.83
Inception NAV$29.83
Rebalance FrequencySemi-Annual
Expense Ratio0.80%
Current Fund Data (as of 10/14/2021)
Closing NAV1$33.00
Closing Market Price2$32.62
Bid/Ask Midpoint$32.64
Bid/Ask Discount1.11%
30-Day Median Bid/Ask Spread31.49%
Total Net Assets$28,052,310
Outstanding Shares850,002
Daily Volume87
Average 30-Day Daily Volume13,089
Closing Market Price 52-Week High/Low$37.38 / $26.04
Closing NAV 52-Week High/Low$37.31 / $26.68
Number of Holdings (excluding cash)100
Top Holdings (as of 10/14/2021)*
Holding Percent
L&F Co., Ltd. 1.94%
Northern Star Resources Limited 1.94%
Korea Zinc Co., Ltd. 1.89%
Hankook Tire Co., Ltd. 1.75%
Pilbara Minerals Limited 1.72%
LG Corp. 1.70%
Hopson Development Holdings Limited 1.67%
Lotte Chemical Corporation 1.66%
Nine Dragons Paper (Holdings) Limited 1.66%
POSCO 1.65%

* 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 10/17/2021)4$0.2048
30-Day SEC Yield (as of 9/30/2021)53.18%
12-Month Distribution Rate (as of 9/30/2021)62.89%
Index Yield (as of 9/30/2021)74.24%
Fund Characteristics (as of 9/30/2021)9
Maximum Market Cap.$134,209
Median Market Cap.$10,007
Minimum Market Cap.$3,792
Price/Earnings9.46
Price/Book0.81
Price/Cash Flow4.92
Price/Sales0.72
Top Country Exposure (as of 10/14/2021)
Country Percent
South Korea 46.78%
Australia 32.70%
Hong Kong 14.40%
Singapore 2.50%
New Zealand 2.24%
Malaysia 1.38%
Bid/Ask Premium/Discount (as of 10/14/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 19 12 13 9
Days Traded at Discount 234 49 50 55
Top Sector Exposure (as of 10/14/2021)
Materials 24.89%
Industrials 16.95%
Financials 11.31%
Real Estate 11.10%
Consumer Discretionary 10.59%
Information Technology 8.61%
Consumer Staples 5.59%
Communication Services 4.14%
Energy 2.87%
Utilities 2.30%
Health Care 1.65%
Hypothetical Growth of $10,000 Since Inception (as of 10/14/2021) *