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Launched · SEC filings

First Trust Japan AlphaDEX Fund

FJPNasdaqFirst TrustC

$73.35+0.60 (+0.83%)

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

C49/ 100

Rank 12 of 18 in Japan

C49/100Rank 12 of 18inJapan
Intraday session: up, 79 prints from 72.75 to 73.35. Range 71.00 to 74.63. Use the arrow keys to read each point.71.0072.0074.0010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$263M
1Y total return
+12.6%
Yield · Last 12 months
2.66%
Holdings
102
Avg volume · 30D
14.6K sh
52W range
low $65.34high $82.45
Launched
Filings
SEC EDGAR

The ETF.net FJP Grade

C

Score 49 out of 100

Category
Japan⁠
Rank
12 of 18
Six-pillar profile for FJP. Scores out of 100: Cost 26, Risk 18, Mission 96, Tradability 31, Holdings 69, Durability 71. Strongest: Mission (96). Weakest: Risk (18). Leans toward Mission.

Score 49 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.
    D26 out of 100
    Rank 13 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 9 of 14

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F18 out of 100
    Rank 17 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 13 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 7 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A71 out of 100
    Rank 5 of 18

Our read on FJP

ETF.net Research

In short

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.

Stated mandate

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.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.nasdaqomx.com

FJP 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.

FJP$11,264
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. FJP $11,264. SPY $11,199. Use the arrow keys to read each point.$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 FJP. Periods over one year show the average yearly return.
PeriodFJP
Year to date+9.1%
1 month−6.9%
3 months−2.0%
1 year+12.6%
3 yearsper year+18.2%
5 yearsper year+10.2%
10 yearsper year+6.2%

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 FJP
YearReturn barFJP
2026 YTD+9.1%
2025+33.6%
2024+5.8%
2023+23.0%
2022−12.9%
2021−1.2%
2020+3.6%

FJP in the news

FJP 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.
2.66%Last 12 months
Payout per share
$1.93Last 12 months
Last payment
$0.48 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. 24 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.33; Dec 21, 2017 $0.45; Jun 21, 2018 $0.40; Dec 18, 2018 $0.34; Jun 14, 2019 $0.44; Sep 25, 2019 $0.16; Dec 13, 2019 $0.81; Jun 25, 2020 $0.34; Dec 24, 2020 $0.17; Mar 25, 2021 $0.01; Jun 24, 2021 $0.52; Dec 23, 2021 $0.69; Jun 24, 2022 $0.78; Dec 23, 2022 $0.16; Mar 24, 2023 $0.08; Jun 27, 2023 $0.56; Dec 22, 2023 $1.12; Mar 21, 2024 $0.30; Jun 27, 2024 $0.37; Dec 13, 2024 $0.97; Jun 26, 2025 $0.46; Dec 12, 2025 $1.34; Mar 26, 2026 $0.11; Jun 25, 2026 $0.48. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.48
Mar 26, 2026Mar 31, 2026$0.11
Dec 12, 2025Dec 31, 2025$1.34
Jun 26, 2025Jun 30, 2025$0.46
Dec 13, 2024Dec 31, 2024$0.97
Jun 27, 2024Jun 28, 2024$0.37
Mar 21, 2024Mar 28, 2024$0.30
Dec 22, 2023Dec 29, 2023$1.12
Jun 27, 2023Jun 30, 2023$0.56
Mar 24, 2023Mar 31, 2023$0.08
Dec 23, 2022Dec 30, 2022$0.16
Jun 24, 2022Jun 30, 2022$0.78

See all 36 payments⁠

$10,000 in FJP 10 years ago paid $2,417 in dividends.⁠

FJP Risk

Risk pillarF18 out of 100Rank 17 of 18 in Japan
How much the fund’s monthly returns vary, scaled to a year.
15.2%
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.
0.89
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.
−26.8%
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.
0.83
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.

FJP Cost

Compare FJP and FLJP

Overpaying vs FLJP, tied cheapest in Japan

$13,448

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

  • FJP 0.80%

    $15,346

  • FLJP 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • FJP 0.80%
  • FLJP 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FJP $15,346FLJP $1,898

Year by year

YearFJPFLJPOverpaying
10$1,422$165$1,257
20$5,393$646$4,747
30$15,346$1,898$13,448

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