First Trust RiverFront Dynamic Asia Pacific ETF

Frequently Asked Questions About RFAP

What does RFAP invest in?

The investment seeks capital appreciation. The fund invests at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of "Asian Pacific companies", through investments in common stock, depositary receipts, and common and preferred shares of REITs, and forward foreign currency exchange contracts and currency spot transactions used to hedge the fund's exposure to the currencies in which the equity securities of such Asian Pacific companies are denominated (each, an "Asian Pacific currency" and, collectively, the "Asian Pacific currencies").

What is the expense ratio of RFAP?

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) charges an expense ratio of 0.83%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RFAP?

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) manages $8.7M 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 RFAP actively managed or an index fund?

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

When was RFAP launched?

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) launched in April 2016 and is managed by First Trust.

How has RFAP performed?

RFAP'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.