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
13.9 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) | $14 |
| 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 +
| CENTRAL NEW ENERGY HOLDING GROUP LIMITED | 3.2 % |
| QANTAS AIRWAYS LTD | 2.0 % |
| JB HI-FI LTD | 1.9 % |
| KOREA ZINC CO LTD | 1.9 % |
| PRO MEDICUS LIMITED | 1.8 % |
| HYUNDAI MOBIS | 1.8 % |
| HYUNDAI HEAVY INDUSTRIES | 1.8 % |
| EVOLUTION MINING LTD | 1.8 % |
| KOREAN AIR LINES CO LTD | 1.8 % |
| SWIRE PACIFIC LTD 'A' | 1.7 % |
Constituent Breakdown
| Number of holdings | 106 |
| Herfindahl-Hirschman Index | 132 |
| Wgt avg mkt cap (mns) | $21,316 |
| Large cap (>$10bn) | 57.0% |
| Mid cap ($2-10bn) | 43.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 54.4% |
| Emerging mkts. | 45.6% |
Country Exposure
 |
SOUTH KOREA | 43.1 % |
 |
AUSTRALIA | 33.4 % |
 |
HONG KONG | 9.7 % |
 |
SINGAPORE | 6.1 % |
 |
NEW ZEALAND | 2.0 % |
 |
CHINA | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.8% | 20.9% | 9.5% | 3.2% | 5.1% | 3.6% | 2.8% | Volatility | 20.3% | 20.0% | 22.5% | 24.2% | 25.4% | 21.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 64% |
| MSCI EAFE | 1.07 | 76% |
| MSCI Emg Mkts | 1.09 | 79% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.98% |
| ADV of underlying (mns) | $4,900 |
Technical Indicators
| Recent close | $27.89 |
| 30d moving avg. | $29.36 |
| Annualized volatility | 21.2% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| 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. FPA |
Expenses vs. FPA |
ALTAR Score™ vs. FPA |
|---|---|---|---|---|
| EWY | iShares MSCI South Korea ETF | 26.7% | -22 bp | +2.7% |
| EPP | iShares MSCI Pacific ex-Japan ETF | 24.6% | -33 bp | -2.8% |
| FLKR | Franklin FTSE South Korea ETF | 23.2% | -71 bp | +3.2% |
| BBAX | JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF | 22.7% | -61 bp | -2.4% |
| FLAU | Franklin FTSE Australia ETF | 19.8% | -71 bp | -2.1% |
| EWA | iShares MSCI Australia ETF | 19.1% | -30 bp | -2.8% |
| FDT | First Trust Developed Markets ex-US AlphaDEX Fund | 18.2% | 0 bp | +1.5% |
| DVYA | iShares Asia/Pacific Dividend ETF | 15.8% | -31 bp | +1.3% |
| VPL | Vanguard FTSE Pacific ETF | 14.8% | -72 bp | +0.0% |
| IMOM | Alpha Architect International Quantitative Momentum ETF | 14.6% | -31 bp | -1.2% |
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
| 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 12/23/2024
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
FPA
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FPA
8.1%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. FPA's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places FPA in the 52nd 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 |
| FPA (80 bp) Percentile rank | 71 |
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 | 97.9 | 177.9 |
| Peer Avg. | 49.4 | 30.3 | 79.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .