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
17.3 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) | $17 |
| 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 +
| HYUNDAI ROTEM CO. | 2.7 % |
| HANWHA SYSTEMS CO., LTD. | 2.6 % |
| SAMSUNG TECHWIN CO LTD | 2.3 % |
| DOOSAN HEAVY INDUSTRIES | 2.1 % |
| SAMSUNG HEAVY INDUSTRIES | 2.0 % |
| DAEWOO SHIPBUILDING & MARINE | 1.9 % |
| EVOLUTION MINING LTD | 1.9 % |
| HYUNDAI MERCHANT MARINE | 1.9 % |
| SAMYANG FOODS CO., LTD | 1.7 % |
| SINGAPORE TECHNOLOGIES ENG | 1.7 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 124 |
| Wgt avg mkt cap (mns) | $19,254 |
| Large cap (>$10bn) | 52.4% |
| Mid cap ($2-10bn) | 44.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 50.0% |
| Emerging mkts. | 44.4% |
Country Exposure
 |
SOUTH KOREA | 45.8 % |
 |
HONG KONG | 21.9 % |
 |
AUSTRALIA | 18.2 % |
 |
SINGAPORE | 7.1 % |
 |
CHINA | 1.1 % |
 |
NEW ZEALAND | 0.6 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.3% | 16.4% | 11.6% | 2.7% | 6.9% | 0.0% | -- | 0.2% |
| Dividend Yield | 0.0% | 2.2% | 2.5% | 2.9% | 3.5% | 3.0% | -- | 2.9% |
| Total Returns | 16.3% | 18.6% | 14.1% | 5.6% | 10.4% | 3.0% | -- | 3.1% | Ann. Volatility | 29.0% | 24.9% | 22.3% | 24.1% | 23.1% | 22.0% | -- | 22.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 61% |
| MSCI EAFE | 0.99 | 63% |
| MSCI Emg Mkts | 1.08 | 73% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.98% |
Technical Indicators
| Recent close | $34.64 |
| 30d moving avg. | $32.06 |
| Annualized volatility | 21.6% |
| Relative strength (RSI) | 68 |
| Short interest | 0.9% |
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. |
|---|---|---|---|---|
| EWY | iShares MSCI South Korea ETF | 30.3% | -22 bp | +9.2% |
| FLKR | Franklin FTSE South Korea ETF | 26.1% | -71 bp | +9.7% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 22.2% | 0 bp | +9.9% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 20.3% | -33 bp | +5.4% |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 18.1% | -61 bp | +6.0% |
| VIDI | Vident International Equity Strategy ETF | 14.6% | -19 bp | +11.0% |
| VPL | Vanguard FTSE Pacific ETF | 14.0% | -72 bp | +7.3% |
| EWA | iShares MSCI Australia ETF | 13.4% | -30 bp | +5.8% |
| DVYA | iShares Asia/Pacific Dividend ETF | 13.2% | -31 bp | +8.6% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 12.1% | -10 bp | +9.5% |
Risk and Returns: 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 6/16/2025
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™
10.0%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. 's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places in the 75th 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 | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| (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) |
|
|---|---|---|---|
| 80.0 | 0.0 | 80 | |
| Peer Avg. | 52.1 | 27.6 | 79.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .