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First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA)
  • 2024 Estimated Capital Gain Distributions
    Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
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 Developed Markets 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 AgentBank of New York Mellon Corp
CUSIP33737J109
ISINUS33737J1097
Intraday NAVFPAIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception4/18/2011
Inception Price$29.83
Inception NAV$29.83
Rebalance FrequencySemi-Annual
Total Expense Ratio*0.80%
* As of 5/1/2024
Current Fund Data (as of 12/6/2024)
Closing NAV1$29.37
Closing Market Price2$29.07
Bid/Ask Midpoint$29.26
Bid/Ask Discount0.37%
30-Day Median Bid/Ask Spread31.42%
Total Net Assets$14,682,781
Outstanding Shares500,002
Daily Volume14
Average 30-Day Daily Volume484
Closing Market Price 52-Week High/Low$30.87 / $24.93
Closing NAV 52-Week High/Low$30.86 / $24.92
Number of Holdings (excluding cash)100
Top Holdings (as of 12/6/2024)*
Holding Percent
Korea Zinc Co., Ltd. 3.39%
Qantas Airways Limited 1.95%
Pro Medicus Limited 1.93%
JB Hi-Fi Limited 1.90%
Swire Pacific Limited (Class A) 1.80%
Evolution Mining Limited 1.76%
Hyundai Mobis Co., Ltd. 1.75%
Korean Air Lines Co., Ltd. 1.73%
Westpac Banking Corporation 1.66%
CK Hutchison Holdings Limited 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 12/9/2024)4$0.2028
30-Day SEC Yield (as of 11/29/2024)52.47%
12-Month Distribution Rate (as of 11/29/2024)63.09%
Index Yield (as of 11/29/2024)73.26%
Fund Characteristics (as of 11/29/2024)8
Maximum Market Cap.$258,637
Median Market Cap.$10,565
Minimum Market Cap.$3,933
Price/Earnings10.85
Price/Book1.04
Price/Cash Flow6.16
Price/Sales0.81
Top Country Exposure (as of 12/6/2024)
Country Percent
South Korea 43.75%
Australia 35.51%
Hong Kong 11.03%
Singapore 6.90%
New Zealand 1.71%
China 1.10%
Bid/Ask Premium/Discount (as of 12/6/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 171 48 43 39
Days Traded at Discount 79 13 20 25
Top Sector Exposure (as of 12/6/2024)
Industrials 27.24%
Financials 16.15%
Materials 10.29%
Consumer Discretionary 9.35%
Health Care 8.55%
Information Technology 6.43%
Energy 6.17%
Communication Services 4.57%
Utilities 4.26%
Consumer Staples 3.84%
Real Estate 3.15%
Hypothetical Growth of $10,000 Since Inception (as of 12/6/2024) *