First Trust Japan AlphaDEX Fund

Frequently Asked Questions About FJP

What does FJP invest in?

The First Trust Japan AlphaDEX Fund (FJP) functions as an exchange-traded fund. Its core objective is to closely mirror the total return, including both capital appreciation and income, of the Nasdaq AlphaDEX Japan Index, an equity market benchmark. This performance replication is considered before the deduction of the Fund's own management fees and operational expenses.

What is the expense ratio of FJP?

First Trust Japan AlphaDEX Fund (FJP) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FJP?

First Trust Japan AlphaDEX Fund (FJP) manages $246.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FJP actively managed or an index fund?

FJP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FJP launched?

First Trust Japan AlphaDEX Fund (FJP) launched in April 2011 and is managed by First Trust.

How has FJP performed?

FJP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.