FPAFirst Trust Asia Pacific ex-Japan AlphaDEX Fund
FPA Fund Description
FPA tracks an index that selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors.
FPA Factset Analytics Insight
FPA aims to outperform the Developed Asia-Pacific Ex-Japan market using a quant-based methodology considering both growth and value factors while also producing severe sector and size biases. Selected stocks are split into quintiles based on their selection score, with higher scoring quintiles receiving a greater weight in the index. The fund also sets weighting constraints set at 15% above the sector/country percentages of the base index. Note that FPA includes a heavy allocation to South Korea, which other funds consider as an emerging country and therefore exclude. The fund is rebalanced and reconstituted semi-annually.
FPA MSCI ESG Analytics Insight
First Trust Asia Pacific ex-Japan AlphaDEX Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.87 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Asia Pacific ex-Japan AlphaDEX Fund ranks in the 28th percentile within its peer group and in the 9th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FPA MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FPA Portfolio Data
FPA Index Data
FPA Portfolio Management
FPA Tax Exposures
FPA Fund Structure
FPA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FPA. FPA is rated a 4 out of 5.
FPA Sector/Industry Breakdown
FPA Top 10 Holdings[View All]
FPA Economic Development
FPA Performance Statistics
FPA MSCI ESG Ratings
FPA Benchmark Comparison Summary
FPA Benchmark Comparison Market Cap Size