FJP
First Trust Japan AlphaDEX Fund
First Trust Japan AlphaDEX Fund seeks investment results that correspond to the Defined Japan Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
194.2 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $194 |
| 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MITSUBISHI HEAVY INDUSTRIES | 2.4 % |
| MIZUHO FINANCIAL GROUP INC | 1.9 % |
| PANASONIC CORP | 1.9 % |
| MITSUI OSK LINES LTD | 1.9 % |
| ASICS CORP | 1.9 % |
| OBAYASHI CORP | 1.8 % |
| NIPPON YUSEN | 1.8 % |
| KAWASAKI HEAVY INDUSTRIES | 1.8 % |
| FUJIKURA LTD | 1.8 % |
| MITSUBISHI MOTORS CORP | 1.7 % |
Constituent Breakdown
| Number of holdings | 102 |
| Herfindahl-Hirschman Index | 124 |
| Wgt avg mkt cap (mns) | $15,342 |
| Large cap (>$10bn) | 41.3% |
| Mid cap ($2-10bn) | 57.9% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 97.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.9% | 11.3% | 20.2% | 3.1% | 3.2% | 2.9% | 3.3% | Volatility | 21.9% | 21.1% | 19.8% | 20.3% | 20.7% | 18.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 58% |
| MSCI EAFE | 0.82 | 78% |
| MSCI Emg Mkts | 0.77 | 67% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.67% |
| ADV of underlying (mns) | $19,681 |
Technical Indicators
| Recent close | $52.50 |
| 30d moving avg. | $52.81 |
| Annualized volatility | 16.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
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. FJP |
Expenses vs. FJP |
ALTAR Score™ vs. FJP |
|---|---|---|---|---|
| EWJV | iShares MSCI Japan Value ETF | 36.9% | -65 bp | -0.1% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 36.3% | -55 bp | -1.7% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 31.2% | -32 bp | -1.7% |
| JPXN | iShares JPX-Nikkei 400 ETF | 31.2% | -32 bp | -1.6% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 29.1% | -61 bp | -2.4% |
| EWJ | iShares MSCI Japan ETF | 29.0% | -30 bp | -2.3% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 28.8% | -33 bp | -2.8% |
| FLJP | Franklin FTSE Japan ETF | 27.7% | -71 bp | -2.4% |
| FLJH | Franklin FTSE Japan Hedged ETF | 27.5% | -71 bp | -2.5% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 21.8% | 0 bp | -1.1% |
Risk and Returns: FJP 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/22/2024
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
FJP
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
FJP
10.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. FJP's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places FJP in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FJPSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FJP (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FJP | 80.0 | 66.5 | 146.5 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .