First Trust Asia Pacific ex-Japan AlphaDEX Fund

Frequently Asked Questions About FPA

What does FPA invest in?

The First Trust Asia Pacific ex-Japan AlphaDEX Fund, an exchange-traded fund (ETF), has the primary goal of replicating the investment performance – specifically, the price appreciation and income yield – of a designated equity benchmark. This benchmark is known as the Nasdaq AlphaDEX Asia Pacific Ex-Japan Index. The fund's objective is to achieve these results before any of its own fees and expenses are factored in.

What is the expense ratio of FPA?

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

How big is FPA?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) manages $105.6M 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 FPA actively managed or an index fund?

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

When was FPA launched?

First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) launched in April 2011 and is managed by First Trust.

How has FPA performed?

FPA'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.