Key stats
About First Trust Asia Pacific Ex-Japan AlphaDEX Fund
Expense ratio
0.80%
Home page
Inception date
Apr 18, 2011
ISIN
US33737J1097
FPA aims to outperform the Developed Asia-Pacific Ex-Japan market using a quant-based methodology considering both growth and value factors while also producing severe sector and size biases. Selected stocks are split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the index. The fund also sets weighting constraints set at 15% above the sector/country percentages of the base index. Note that FPA includes a heavy allocation to South Korea, which other funds consider as an emerging country and therefore exclude. The fund is rebalanced and reconstituted semi-annually.
Classification
What's in the fund
Exposure type
Finance
Consumer Durables
Stock breakdown by region