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First Trust Japan AlphaDEX® Fund (FJP)



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Upturn Advisory Summary
08/14/2025: FJP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit -8.88% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.84 | 52 Weeks Range 43.52 - 60.54 | Updated Date 06/29/2025 |
52 Weeks Range 43.52 - 60.54 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust Japan AlphaDEX® Fund
ETF Overview
Overview
The First Trust Japan AlphaDEXu00ae Fund (FJP) seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuantu00ae Japan Index. The fund employs an AlphaDEXu00ae methodology to select and weight Japanese stocks, focusing on growth and value factors.
Reputation and Reliability
First Trust is a well-established ETF provider known for its innovative and rule-based investment strategies.
Management Expertise
First Trust has a dedicated team of investment professionals with experience in quantitative analysis and ETF management.
Investment Objective
Goal
To provide investment results that correspond generally to the price and yield of the StrataQuantu00ae Japan Index.
Investment Approach and Strategy
Strategy: The fund uses a quantitative, rules-based methodology to select and weight stocks from the Japanese equity market. It aims to outperform traditional market-cap weighted indexes by focusing on factors like growth, value, and momentum.
Composition The ETF holds a diversified portfolio of Japanese stocks selected based on the AlphaDEXu00ae methodology.
Market Position
Market Share: Unavailable
Total Net Assets (AUM): 76560000
Competitors
Key Competitors
- iShares MSCI Japan ETF (EWJ)
- WisdomTree Japan Hedged Equity Fund (DXJ)
- JPMorgan BetaBuilders Japan ETF (BBJP)
Competitive Landscape
The Japanese equity ETF market is competitive, with several large players. FJP's AlphaDEXu00ae strategy aims to differentiate it from market-cap weighted competitors. However, larger ETFs like EWJ and DXJ have significantly higher AUM and trading volume. The smaller AUM of FJP can lead to higher expense ratios.
Financial Performance
Historical Performance: Unavailable
Benchmark Comparison: Unavailable
Expense Ratio: 0.8
Liquidity
Average Trading Volume
The average daily trading volume for FJP is relatively low, reflecting its smaller AUM and lower profile in the Japan equity ETF space.
Bid-Ask Spread
The bid-ask spread for FJP can be wider than larger, more liquid ETFs, potentially impacting trading costs.
Market Dynamics
Market Environment Factors
Economic conditions in Japan, global trade dynamics, currency fluctuations (especially JPY/USD), and investor sentiment toward Japanese equities all influence FJP's performance.
Growth Trajectory
The growth trajectory of FJP depends on its ability to attract investors seeking alternative weighting strategies and outperformance compared to traditional Japan equity ETFs; changes in asset allocation are typically driven by the AlphaDEXu00ae methodology.
Moat and Competitive Advantages
Competitive Edge
FJP's primary competitive advantage is its proprietary AlphaDEXu00ae methodology, which aims to identify and overweight stocks with strong growth and value characteristics, potentially leading to superior risk-adjusted returns compared to market-cap weighted Japan ETFs. The strategy offers a differentiated approach to investing in Japanese equities. However, investors need to consider whether or not the methodology consistently outperforms traditional market-cap indices.
Risk Analysis
Volatility
The volatility of FJP is generally correlated with the Japanese equity market and broader global market fluctuations.
Market Risk
FJP is subject to market risk, currency risk (given its exposure to Japanese Yen), and sector-specific risks within the Japanese economy.
Investor Profile
Ideal Investor Profile
FJP may appeal to investors seeking exposure to Japanese equities with a focus on growth and value factors and a willingness to accept a potentially higher expense ratio for an actively managed approach. Suitable for investors looking to diversify their international holdings.
Market Risk
FJP may be suitable for long-term investors with a moderate risk tolerance who are seeking a differentiated approach to investing in the Japanese equity market. It might not be ideal for passive index followers due to its active selection process.
Summary
The First Trust Japan AlphaDEXu00ae Fund (FJP) offers exposure to Japanese equities using a unique AlphaDEXu00ae methodology to select and weight stocks. It aims to outperform traditional market-cap weighted indices. It has a higher expense ratio than many competing Japan ETFs. Given it's smaller AUM, the fund is suited for investors seeking a focused strategy and willing to accept lower liquidity and potentially higher trading costs.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Market share and AUM data are based on available information and may be subject to change. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust Japan AlphaDEX® Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Japan Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.

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