FJP
First Trust Japan AlphaDEX Fund
📎 Investment Objective
The First Trust Japan AlphaDEX Fund (FJP) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX Japan Index.
Overview
ETF tracking First Trust Japan AlphaDEX Fund
Performance
Price Chart
Investment Summary
📎 Investment Objective
The First Trust Japan AlphaDEX Fund (FJP) seeks to provide investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ AlphaDEX Japan Index.
🎯 Investment Strategy
The fund employs an 'AlphaDEX' stock selection methodology to select stocks from the NASDAQ Japan Index. This methodology is designed to provide capital appreciation potential by identifying stocks with growth characteristics.
✨ Key Features
- Focuses on Japanese equities using an active, rules-based stock selection process
- Seeks to outperform the broader Japanese stock market through stock selection
- Diversified portfolio of Japanese companies across various sectors
- Expense ratio of 0.00% makes it a low-cost option for Japanese equity exposure
⚠️ Primary Risks
- Concentration risk as the fund is focused solely on the Japanese market
- Currency risk as the fund's performance is subject to fluctuations in the value of the Japanese yen
- Equity market risk as the value of the fund's holdings can be adversely affected by overall stock market conditions
- Emerging markets risk as Japan is considered an emerging market for some investors
👤 Best For
The First Trust Japan AlphaDEX Fund may be suitable for investors seeking exposure to the Japanese equity market with the potential for outperformance through an active stock selection process. It may be appropriate as a core or satellite holding in a diversified portfolio, particularly for investors with a higher risk tolerance and a long-term investment horizon.