FPA
First Trust Asia Pacific ex-Japan AlphaDEX FundFPA 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's exposure and performance differ radically from our benchmark while high costs and weak liquidity greatly reduce its appeal. It aims to outperform the Developed Asia-Pacific Ex-Japan market using a quant-based methodology that produces severe sector and size biases. FPA includes a heavy allocation to South Korea, which our benchmark considers an emerging country and therefore excludes. Reasonable people can disagree on South Korea's emerging vs. developed status, but few could defend the fund's poor liquidity and hefty expense ratio, which add up to very high all-in costs.
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 4.44 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 27th percentile within its peer group and in the 39th 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 CHARTS AND PERFORMANCE
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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 3 out of 5.
FPA Tradability
FPA Sector/Industry Breakdown
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FPA TOP 10 HOLDINGS[View All]
FPA Countries
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FPA Regions
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FPA Economic Development
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FPA Performance Statistics
FPA MSCI ESG Ratings
FPA BENCHMARK COMPARISON SUMMARY
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FPA BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.