First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) trades at $51.30 with AI Score 50/100 (Grade B). First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that aims to replicate the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index. Market cap: $33.85M, Sector: Financial services.
Price live · AI analysis from Mar 17, 2026Analyst Coverage for FPA: FPA does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FPA against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
FPA: the 1 perspectives are evenly split.
How is this calculated? →First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) Financial Services Profile
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is an ETF seeking to mirror the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index, employing a quantitative methodology for stock selection. It offers investors access to a diversified portfolio of Asia Pacific equities, excluding Japan, with a focus on growth and value factors.
What Is the Investment Thesis for FPA?
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) presents an investment opportunity for those seeking exposure to the Asia Pacific equity markets, excluding Japan, through a quantitatively driven approach. With a beta of 1.53, FPA exhibits higher volatility compared to the broader market. The fund's investment thesis hinges on the AlphaDEX methodology's ability to identify undervalued and high-growth potential stocks within the region. However, the absence of a dividend yield may deter income-focused investors. The fund's success depends on the continued effectiveness of the AlphaDEX methodology in navigating the complexities of the Asia Pacific markets. The fund's relatively small market cap of $33.85M could pose liquidity risks for large institutional investors. Ongoing monitoring of the fund's tracking error and expense ratio is crucial to assess its efficiency in replicating the index's performance.
Based on FMP financials and quantitative analysis
FPA Key Highlights
- The fund's investment objective is to replicate the price and yield of the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index before fees and expenses.
- FPA utilizes the AlphaDEX methodology, a quantitative approach that screens for growth and value factors to select stocks.
- The fund offers exposure to a diversified portfolio of Asia Pacific equities, excluding Japan.
- FPA is rebalanced and reconstituted quarterly to maintain alignment with the AlphaDEX methodology.
- The fund has a beta of 1.53, indicating higher volatility compared to the market.
Who Are FPA's Competitors?
FPA is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BRF VanEck Brazil Small-Cap ETF | $16.30 | +0.00% | $23.75M | 47 |
| COWS Amplify Cash Flow Dividend Leaders ETF | $36.63 | -0.34% | $26.85M | 47 |
| FLN First Trust Latin America AlphaDEX Fund | $25.02 | +1.37% | $30.03M | 47 |
| FTDS First Trust Dividend Strength ETF | $62.13 | +0.22% | $32.67M | 47 |
| HDMV First Trust Horizon Managed Volatility Developed International ETF | $37.62 | +0.37% | $23.29M | 47 |
| NXDT NexPoint Diversified Real Estate Trust | $5.53 | +3.08% | $285.77M | 73 |
| GENB Generate Biomedicines, Inc. | $17.03 | -2.18% | $2.18B | 72 |
| SII Sprott Inc. | $118.11 | +2.72% | $3.05B | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FPA's Key Strengths?
- Proprietary AlphaDEX methodology for stock selection.
- Exposure to the high-growth Asia Pacific region (excluding Japan).
- Diversified portfolio across various sectors and industries.
- Established brand reputation of First Trust Advisors L.P.
What Are FPA's Weaknesses?
- Relatively small market capitalization of $33.85M.
- Absence of dividend yield may deter income-focused investors.
- Higher beta of 1.53 indicates increased volatility.
- Dependence on the effectiveness of the AlphaDEX methodology.
What Could Drive FPA Stock Higher?
- Continued economic growth in the Asia Pacific region, excluding Japan, driving corporate earnings and stock prices.
- Increased adoption of quantitative investment strategies among institutional investors.
- Potential inclusion of new emerging markets in the fund's investment universe.
- Launch of new ETF products based on the AlphaDEX methodology.
What Are the Key Risks for FPA?
- Economic slowdown or recession in the Asia Pacific region.
- Increased competition from other ETFs and investment products.
- Fluctuations in currency exchange rates impacting investment returns.
- Geopolitical risks and political instability in the region.
- Changes in market regulations and tax laws.
What Are the Growth Opportunities for FPA?
- Expansion into new markets within the Asia Pacific region, excluding Japan, presents a growth opportunity for FPA. By identifying and incorporating emerging economies and sectors into its investment universe, the fund can enhance its diversification and potentially improve its risk-adjusted returns. The Asia Pacific region is experiencing rapid economic growth, driven by factors such as urbanization, industrialization, and technological advancements. This growth is expected to continue in the coming years, creating opportunities for FPA to capitalize on the region's economic dynamism. Timeline: Ongoing.
- Increased adoption of quantitative investment strategies among institutional investors represents a significant growth driver for FPA. As institutional investors seek to enhance their portfolio performance and reduce costs, they are increasingly turning to quantitative investment strategies, such as the AlphaDEX methodology employed by FPA. The growing demand for quantitative investment strategies is expected to continue in the coming years, driven by factors such as the increasing availability of data and the advancement of computing power. Timeline: Ongoing.
- Development of new ETF products based on the AlphaDEX methodology can drive growth for First Trust. By leveraging its expertise in quantitative investing, First Trust can create new ETFs that target specific sectors, industries, or investment themes within the Asia Pacific region, excluding Japan. This would allow the company to attract new investors and expand its market share. The market for ETFs is growing rapidly, driven by factors such as their low cost, transparency, and flexibility. Timeline: Ongoing.
- Strategic partnerships with financial advisors and wealth management firms can expand FPA's distribution network and reach a wider audience of investors. By collaborating with these intermediaries, FPA can gain access to their client base and promote its ETF products to potential investors. Financial advisors and wealth management firms play a crucial role in helping investors make informed investment decisions. Timeline: Ongoing.
- Enhanced marketing and investor education efforts can increase awareness of FPA's unique investment approach and attract new investors. By highlighting the benefits of the AlphaDEX methodology and the fund's track record, First Trust can differentiate FPA from its competitors and position it as a compelling investment option. Investor education is essential for helping investors understand the complexities of the financial markets and make informed investment decisions. Timeline: Ongoing.
What Opportunities Does FPA Have?
- Expansion into new markets within the Asia Pacific region.
- Increased adoption of quantitative investment strategies.
- Development of new ETF products based on the AlphaDEX methodology.
- Strategic partnerships with financial advisors and wealth management firms.
What Threats Does FPA Face?
- Increased competition from other ETFs and investment products.
- Economic and political instability in the Asia Pacific region.
- Changes in market regulations and tax laws.
- Fluctuations in currency exchange rates.
What Are FPA's Competitive Advantages?
- Proprietary AlphaDEX methodology provides a unique approach to stock selection.
- Established brand reputation of First Trust Advisors L.P. in the ETF market.
- Diversified portfolio of Asia Pacific equities offers broad market exposure.
What Does FPA Do?
The First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund (ETF) designed to track the performance of the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index. Launched with the goal of providing investors with targeted exposure to the Asia Pacific equity markets, excluding Japan, FPA utilizes a proprietary AlphaDEX methodology developed by Nasdaq. This methodology employs a quantitative approach to stock selection, screening for growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and value factors including book value to price, cash flow to price and return on assets. The fund's investment strategy focuses on identifying companies with the potential for superior risk-adjusted returns within the Asia Pacific region, excluding Japan. By systematically evaluating and ranking stocks based on a combination of growth and value metrics, FPA aims to construct a portfolio that outperforms traditional market-cap-weighted indices. The fund's holdings typically include a diverse range of companies across various sectors and industries within the Asia Pacific region, providing investors with broad exposure to the region's economic growth and development. FPA is managed by First Trust Advisors L.P., a well-established investment management firm known for its expertise in ETFs and other investment products. The fund is rebalanced and reconstituted quarterly to ensure that its portfolio remains aligned with the AlphaDEX methodology and reflects the latest market conditions.
What Products and Services Does FPA Offer?
- Offers an exchange-traded fund (ETF) focused on the Asia Pacific region, excluding Japan.
- Tracks the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index.
- Employs a quantitative methodology for stock selection.
- Screens for growth and value factors in selecting stocks.
- Provides investors with exposure to a diversified portfolio of Asia Pacific equities.
- Rebalances and reconstitutes its portfolio quarterly.
How Does FPA Make Money?
- Generates revenue through management fees charged on the fund's assets under management (AUM).
- Fees are calculated as a percentage of the fund's net asset value (NAV).
- The fund's profitability is directly correlated to its AUM and the performance of its underlying investments.
What Industry Does FPA Operate In?
The asset management industry is characterized by intense competition among firms offering various investment products, including ETFs, mutual funds, and hedge funds. Market trends include the increasing popularity of passive investment strategies, the growing demand for ESG-focused investments, and the rise of fintech solutions. First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) operates within this landscape by providing investors with a quantitatively driven approach to accessing the Asia Pacific equity markets, excluding Japan. Competitors include firms offering similar ETFs and investment products focused on the same geographic region.
Who Are FPA's Key Customers?
- Individual investors seeking exposure to the Asia Pacific equity markets.
- Institutional investors, such as pension funds, endowments, and insurance companies.
- Financial advisors and wealth managers who use ETFs as part of their client portfolios.
FPA Valuation & Market Position
Relative to its peer group, FPA's quantitative score of 50/100 is roughly in line with the peer average of 47/100.
FPA Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the fund's performance, indicating that those closest to the company believe in its potential.
- Community sentiment has shifted positively, with discussions highlighting the fund's diversified exposure to Asia Pacific markets as a growth opportunity.
- Market perception has improved as investors look for alternatives to traditional markets, with Asia Pacific being viewed as a region with significant upside.
- Recent developments in the Asia Pacific economies show signs of recovery, attracting interest from investors seeking growth in emerging markets.
Bear Case
- Concerns over geopolitical tensions in the Asia Pacific region have led to increased caution among investors, creating a bearish sentiment.
- Community discussions reflect skepticism about the fund's ability to outperform traditional benchmarks, with some investors questioning its strategy.
- Recent economic data from key Asia Pacific countries has shown mixed results, leading to uncertainty about the region's growth trajectory.
- Insider selling activity has raised eyebrows, suggesting that some executives may have reservations about the fund's near-term prospects.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FPA Latest News
-
IFF Reshapes Portfolio With $4.3 Billion Sale, Targets Higher-Margin Business
benzinga · May 29, 2026
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Analog Devices Takes Aim At AI Energy Bottlenecks With Empower Buy
benzinga · May 20, 2026
FPA Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FPA.
Price Targets
Wall Street price target analysis for FPA.
FPA MoonshotScore
What does this score mean?
The MoonshotScore rates FPA's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
What Investors Ask About First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) — Financial Services
What does First Trust Asia Pacific ex-Japan AlphaDEX Fund do?
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that seeks to replicate the performance of the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index. The fund employs a quantitative methodology, known as AlphaDEX, to select stocks based on growth and value factors. By investing in a diversified portfolio of Asia Pacific equities, excluding Japan, FPA provides investors with exposure to the region's economic growth potential. The fund is rebalanced and reconstituted quarterly to maintain alignment with the AlphaDEX methodology.
What are the main risks for FPA?
The main risks for First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) include economic and political instability in the Asia Pacific region, fluctuations in currency exchange rates, and increased competition from other ETFs and investment products. A slowdown in economic growth in the region could negatively impact corporate earnings and stock prices. Geopolitical tensions and political instability could also disrupt markets and lead to investment losses. Additionally, changes in market regulations and tax laws could affect the fund's performance.
How does First Trust Asia Pacific ex-Japan AlphaDEX Fund make money in financial services?
First Trust Asia Pacific ex-Japan AlphaDEX Fund generates revenue primarily through management fees. These fees are calculated as a percentage of the fund's assets under management (AUM). The fund charges investors an expense ratio, which covers the costs of managing the fund, including investment advisory fees, administrative expenses, and other operating costs. The fund's profitability is directly linked to its ability to attract and retain assets, as well as its investment performance. Higher AUM and strong investment returns lead to increased revenue for the fund's manager, First Trust Advisors L.P.
What regulatory challenges does First Trust Asia Pacific ex-Japan AlphaDEX Fund face?
First Trust Asia Pacific ex-Japan AlphaDEX Fund, as an exchange-traded fund, faces regulatory oversight from the Securities and Exchange Commission (SEC) in the United States. The fund must comply with various regulations, including those related to fund registration, disclosure requirements, and investment restrictions. Additionally, the fund is subject to regulations governing the marketing and distribution of its shares. Compliance with these regulations requires ongoing monitoring and reporting, which can be costly and time-consuming. Failure to comply with these regulations could result in penalties and reputational damage.
What are the key factors to evaluate for FPA?
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) holds an AI score of 50/100 (moderate). Not financial advice.
How frequently does FPA data refresh on this page?
FPA prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FPA's recent stock price performance?
First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Proprietary AlphaDEX methodology for stock selection. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FPA overvalued or undervalued right now?
Valuing First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for FPA, limiting the depth of financial analysis.
- Reliance on publicly available information and existing AI insights.