First Trust Japan AlphaDEX Fund
$77.49−1.80 (−2.27%)
- Expense ratio
- 0.80%
- Fund size
- $270M
- 1Y return
- +23.1%
- Yield · Last 12 months
- 2.44%
- Holdings
- 100
- Volume · 30D
- 0M sh
- NAV per share
- $78.14
- 52W range
The ETF.net FJP Grade
Score 48 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 24Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 70Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on FJP
CMost Japan ETFs buy the market by size. FJP scores Japanese stocks on growth and value, then holds roughly 100 of the highest scorers, weighted by rank rather than market cap. A stock-picker's rulebook in an index wrapper.
The Fund seeks to track, before fees and expenses, the price and yield performance of the Nasdaq AlphaDEX® JapanTM Index.
Why people hold it
- The AlphaDEX screen ranks the Nasdaq Japan universe separately on growth and value marks, then keeps about 100 names weighted by rank, so Japan's biggest companies don't automatically get the biggest slots.indexes.nasdaqomx.com
- Live since 2011, it is one of the longer-running factor takes on Japanese stocks, and it has grown into a fund holding hundreds of millions of dollars.
- About 100 holdings spread the exposure well beyond a handful of blue chips, and the fund distributes on a quarterly schedule.
- It stays on mandate: a Japan-only equity portfolio built to the Nasdaq AlphaDEX Japan Index, tracking that benchmark closely with no side bets bolted on.
Worth knowing
- The screen costs money: 0.80% a year, several times what plain cap-weighted Japan trackers like FLJP and BBJP charge, and at the pricier end of the Japan shelf.
- Thinly traded next to the Japan giants, so spreads and order timing carry more weight here; limit orders exist for exactly this situation.
- One country, one currency, one rulebook. The portfolio can look and behave very differently from Japan's headline cap-weighted indexes in any given stretch.indexes.nasdaqomx.com
FJP Holdings
- Stocks
- 100
- 20%
- 9101.T
Sectors
- Industrials35.2%
- Consumer Discr.18.3%
- Technology14.7%
- Financials11.1%
- Utilities5.4%
- Materials4.8%
- Energy4.3%
- Real Estate2.4%
- Cons. Staples1.8%
- Health Care1.4%
- Communication0.9%
Geography
- Japan100.00%
Developed 100% · Emerging 0%
FJP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FJP |
|---|---|
| Year to date | +19.0% |
| 1 month | +2.9% |
| 3 months | +0.2% |
| 1 year | +23.1% |
| 3 years | +18.8% |
| 5 years | +10.5% |
| 10 years | +7.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FJP |
|---|---|---|
| 2026 YTD | +19.0% | |
| 2025 | +33.6% | |
| 2024 | +5.8% | |
| 2023 | +23.0% | |
| 2022 | −12.9% | |
| 2021 | −1.2% | |
| 2020 | +3.6% |
FJP in the news
ETF.net Research hasn’t filed on FJP yet — coverage lands here as it’s written.
FJP Dividends
- 2.44%
- $1.93
- $0.48 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.48 |
| Mar 26, 2026 | Mar 31, 2026 | $0.11 |
| Dec 12, 2025 | Dec 31, 2025 | $1.34 |
| Jun 26, 2025 | Jun 30, 2025 | $0.46 |
| Dec 13, 2024 | Dec 31, 2024 | $0.97 |
| Jun 27, 2024 | Jun 28, 2024 | $0.37 |
| Mar 21, 2024 | Mar 28, 2024 | $0.30 |
| Dec 22, 2023 | Dec 29, 2023 | $1.12 |
| Jun 27, 2023 | Jun 30, 2023 | $0.56 |
| Mar 24, 2023 | Mar 31, 2023 | $0.08 |
| Dec 23, 2022 | Dec 30, 2022 | $0.16 |
| Jun 24, 2022 | Jun 30, 2022 | $0.78 |
FJP Risk
- 14.7%
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.
- 0.95
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.
- −30.7%
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.
- 0.83
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FJP Cost
- The middle half of Japan funds
- Median 0.54%
14 of the 18 Japan funds charge less.