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Launched · SEC filings

First Trust China AlphaDEX Fund

FCANasdaqFirst TrustC

$23.75+0.02 (+0.07%)

At close: Nov 2, 2026, 4:00 PM ET

C46/ 100

Rank 19 of 30 in China

C46/100Rank 19 of 30inChina
Intraday session: up, 79 prints from 23.74 to 23.75. Range 23.63 to 24.00. Use the arrow keys to read each point.23.8023.9024.0010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$27M
1Y total return
−12.7%
Yield · Last 12 months
5.99%
Holdings
53
Avg volume · 30D
44.2K sh
52W range
low $22.50high $34.60
Launched
Filings
SEC EDGAR

The ETF.net FCA Grade

C

Score 46 out of 100

Category
China⁠
Rank
19 of 30
Six-pillar profile for FCA. Scores out of 100: Cost 21, Risk 62, Mission 58, Tradability 44, Holdings 68, Durability 66. Strongest: Holdings (68). Weakest: Cost (21). No single pillar leads.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F21 out of 100
    Rank 23 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B58 out of 100
    Rank 19 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 12 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 18 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 9 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 14 of 30

Our read on FCA

ETF.net Research

In short

CMost China ETFs just hold the market. FCA screens the Nasdaq China universe on growth and value factors, keeping roughly 50 names weighted by rank rather than size. A quant twist on China exposure, running since 2011.

Stated mandate

The fund seeks to generally match, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX China Index. It normally invests at least 90% of net assets in securities comprising that index and uses an indexing approach.

Why people hold it

  • Not a cap-weighted mirror. The AlphaDEX screen ranks the Nasdaq China universe on growth and value factors, then selects and weights the survivors by rank, so the biggest listing isn't automatically the biggest position.firsttrust.ca
  • Concentrated on purpose: roughly 50 stocks instead of the hundreds in a broad China index. Every holding has to earn its slot through the screen.
  • Launched in 2011, which makes it one of the longer-tenured China funds on the shelf. The rules have been through multiple China booms and busts, not just a back-test.
  • Rules, not hunches. It normally keeps at least 90% of net assets in its Nasdaq index constituents and uses a straight indexing approach, so nobody is trading headlines for you.

Worth knowing

  • The screen costs money: 0.80% a year, versus a fraction of that at plain cap-weighted China trackers such as FLCH (0.19%) and CXSE (0.32%).
  • Small asset base and thin trading volume. Bid-ask spreads and order size matter more here than at the category giants, and premiums or discounts can widen.
  • Factor weighting means returns can drift well away from the headline China indexes in either direction. That divergence is the point, and it cuts both ways.

FCA Holdings

Holdings pillarB68 out of 100Rank 9 of 29 in China
Asset class
Stocks
Holdings
53
Top-10 weight
37%
Largest holding
1919.HK5.0%

Sectors

  • Financials21.3%
  • Technology14.9%
  • Industrials12.5%
  • Health Care12.4%
  • Energy12.3%
  • Consumer Discretionary8.3%
  • Materials7.4%
  • Utilities7.0%
  • Communication3.9%

Geography

  • China93.04%
  • Hong Kong3.97%
  • United States2.99%

Developed 4% · Emerging 96% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
11919.HKCosco Shipping Holdings Company, Ltd. (Class H)5.00%597,734$1.36M80
20857.HKPetroChina Company Limited (Class H)4.67%916,805$1.27M96
32688.HKENN Energy Holdings Limited4.38%192,129$1.2M81
40788.HKChina Tower Corporation Limited (Class H)3.69%882,351$1.01M82
52883.HKChina Oilfield Services Limited (Class H)3.61%994,194$987K61
62628.HKChina Life Insurance Co., Limited (Class H)3.25%291,862$888K98
70992.HKLenovo Group Limited3.12%336,917$853K121
81508.HKChina Reinsurance (Group) Corporation (Class H)3.11%5,603,421$849K26
90914.HKAnhui Conch Cement Company Limited (Class H)2.96%371,002$808K71
101378.HKChina Hongqiao Group Ltd.2.93%309,982$799K86
113808.HKSinotruk (Hong Kong) Limited2.92%201,500$797K69
121530.HK3SBio, Inc.2.90%460,458$792K80
130386.HKChina Petroleum & Chemical Corporation (Sinopec) (Class H)2.66%1,166,914$725K87
142359.HKWuXi AppTec Co., Ltd. (Class H)2.62%30,346$715K99
152018.HKAAC Technologies Holdings Inc.2.49%145,500$680K77

Showing 1–15 of 53 holdings

FCA Performance

Launched Apr 18, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FCA$8,732
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FCA $8,732. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FCA. Periods over one year show the average yearly return.
PeriodFCA
Year to date−11.9%
1 month−8.1%
3 months−10.3%
1 year−12.7%
3 yearsper year+14.3%
5 yearsper year+1.1%
10 yearsper year+6.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FCA
YearReturn barFCA
2026 YTD−11.9%
2025+45.2%
2024+13.9%
2023−8.4%
2022−17.6%
2021−0.7%
2020+11.8%

FCA in the news

FCA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
5.99%Last 12 months
Payout per share
$1.42Last 12 months
Last payment
$0.89 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 32 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.27; Sep 21, 2017 $0.13; Dec 21, 2017 $0.28; Jun 21, 2018 $0.24; Sep 14, 2018 $0.39; Dec 18, 2018 $0.10; Jun 14, 2019 $0.41; Sep 25, 2019 $0.35; Dec 13, 2019 $0.24; Jun 25, 2020 $0.52; Sep 24, 2020 $0.46; Dec 24, 2020 $0.21; Mar 25, 2021 $0.04; Jun 24, 2021 $0.27; Sep 23, 2021 $0.91; Dec 23, 2021 $0.12; Jun 24, 2022 $0.32; Sep 23, 2022 $0.36; Dec 23, 2022 $0.60; Jun 27, 2023 $0.52; Sep 22, 2023 $0.45; Dec 22, 2023 $0.08; Mar 21, 2024 $0.10; Jun 27, 2024 $0.37; Sep 26, 2024 $0.54; Dec 13, 2024 $0.02; Mar 27, 2025 $0.03; Jun 26, 2025 $0.34; Sep 25, 2025 $0.26; Dec 12, 2025 $0.13; Jun 25, 2026 $0.40; Sep 24, 2026 $0.89. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.89
Jun 25, 2026Jun 30, 2026$0.40
Dec 12, 2025Dec 31, 2025$0.13
Sep 25, 2025Sep 30, 2025$0.26
Jun 26, 2025Jun 30, 2025$0.34
Mar 27, 2025Mar 31, 2025$0.03
Dec 13, 2024Dec 31, 2024$0.02
Sep 26, 2024Sep 30, 2024$0.54
Jun 27, 2024Jun 28, 2024$0.37
Mar 21, 2024Mar 28, 2024$0.10
Dec 22, 2023Dec 29, 2023$0.08
Sep 22, 2023Sep 29, 2023$0.45

See all 47 payments⁠

$10,000 in FCA 10 years ago paid $5,217 in dividends.⁠

FCA Risk

Risk pillarB62 out of 100Rank 12 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
21.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.52
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−34.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FCA Cost

Compare FCA and FLCH

Overpaying vs FLCH, cheapest in China

$11,394

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FCA 0.80%

    $15,346

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • FCA 0.80%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FCA $15,346FLCH $3,952

Year by year

YearFCAFLCHOverpaying
10$1,422$347$1,075
20$5,393$1,351$4,042
30$15,346$3,952$11,394

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