FPA
First Trust Asia Pacific ex-Japan AlphaDEX Fund
First Trust Asia Pacific ex-Japan AlphaDEX Fund seeks investment results that correspond to the Defined Asia Pacific ex-Japan Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
23.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $24 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HYOSUNG HEAVY INDUSTRIES CORPORATION | 2.2 % |
| SK SQUARE CO., LTD. | 2.0 % |
| DAEWOO SHIPBUILDING & MARINE | 1.9 % |
| KOREA ELECTRIC POWER CORP | 1.9 % |
| HYUNDAI MOTOR CO | 1.9 % |
| HYNIX SEMICONDUCTOR INC | 1.9 % |
| HYUNDAI ROBOTICS CO., LTD. | 1.9 % |
| KIA MOTORS CORPORATION | 1.8 % |
| HYUNDAI HEAVY INDUSTRIES | 1.7 % |
| WOODSIDE ENERGY GROUP LTD | 1.7 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 127 |
| Wgt avg mkt cap (mns) | $22,744 |
| Large cap (>$10bn) | 50.9% |
| Mid cap ($2-10bn) | 44.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 47.1% |
| Emerging mkts. | 47.7% |
Country Exposure
 |
SOUTH KOREA | 44.7 % |
 |
HONG KONG | 25.5 % |
 |
AUSTRALIA | 14.5 % |
 |
SINGAPORE | 5.2 % |
 |
CHINA | 2.9 % |
 |
TAIWAN | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 44.1% | 36.0% | 29.8% | 19.3% | 8.7% | 3.3% | -- | 1.7% |
| Dividend Yield | 0.9% | 0.8% | 2.5% | 2.9% | 3.5% | 3.1% | -- | 2.9% |
| Total Returns | 45.0% | 36.8% | 32.3% | 22.2% | 12.2% | 6.4% | -- | 4.6% | Ann. Volatility | 24.0% | 23.2% | 21.6% | 22.7% | 22.9% | 21.8% | -- | 22.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 53% |
| MSCI EAFE | 0.90 | 45% |
| MSCI Emg Mkts | 0.87 | 49% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.96% |
Technical Indicators
| Recent close | $39.50 |
| 30d moving avg. | $37.93 |
| Annualized volatility | 19.8% |
| Relative strength (RSI) | 61 |
| Short interest | 0.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 27.2% | 0 bp | +8.6% |
| FLKR | Franklin FTSE South Korea ETF | 26.9% | -71 bp | +6.8% |
| EWY | iShares MSCI South Korea ETF | 25.2% | -22 bp | +6.0% |
| UIVM | VictoryShares International Value Momentum ETF | 11.9% | -45 bp | +8.4% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 11.2% | -36 bp | +11.0% |
| ICOW | Pacer Developed Markets International Cash Cows 100 ETF | 10.9% | -15 bp | +10.3% |
| VIDI | Vident International Equity Strategy ETF | 10.7% | -19 bp | +10.4% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | 10.7% | -32 bp | +6.9% |
| JPIN | J.P. Morgan Diversified Return International Equity ETF | 10.3% | -43 bp | +7.9% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 10.0% | -33 bp | +5.2% |
Risk and Returns: FPA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FPA
9.1%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 126 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.6%. FPA's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places FPA in the 72nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FPASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 98 |
| Avg. Expense Ratio | 64.7 bp |
| Std. Deviation | 29.4 bp |
| FPA (80 bp) Percentile rank | 70 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FPA | 80.0 | 95.7 | 175.7 |
| Peer Avg. | 64.7 | 41.8 | 106.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .