Core Insights - First Trust Japan AlphaDEX ETF (FJP) has reached a 52-week high, increasing by 81.3% from its 52-week low of $43.52 per share, indicating strong momentum for investors [1] Group 1: Fund Overview - FJP tracks the NASDAQ AlphaDEX Japan Index, utilizing the AlphaDEX stock selection methodology to choose stocks from the NASDAQ Japan Index [2] - The fund has an annual fee of 80 basis points and offers an annual yield of 2.31% [2] Group 2: Market Drivers - The rally in Japan ETFs is attributed to Prime Minister Sanae Takaichi's election victory on February 8, 2026, which has heightened expectations for pro-growth policies such as fiscal stimulus, tax reforms, and deregulation [3] - Improved growth forecasts from the Bank of Japan have further enhanced investor sentiment towards Japanese equities [3] Group 3: Performance Outlook - FJP holds a Zacks ETF Rank of 3 (Hold) with a medium risk outlook, suggesting potential for continued strong performance in the near term [4] - The fund has a positive weighted alpha of 54.94, indicating a modest rally may be on the horizon [4]

Core Viewpoint - The First Trust Japan AlphaDEX ETF (FJP) is a smart beta ETF that aims to provide broad exposure to the Asia-Pacific (Developed) ETFs market, utilizing a unique stock selection methodology to potentially outperform traditional market cap weighted indexes [1][5]. Fund Overview - Launched on April 18, 2011, FJP has accumulated over $202.58 million in assets, categorizing it as an average-sized ETF in its segment [5]. - The fund is managed by First Trust Advisors and seeks to match the performance of the NASDAQ AlphaDEX Japan Index, which employs the AlphaDEX stock selection methodology [5]. Cost Structure - FJP has an annual operating expense ratio of 0.80%, making it one of the more expensive options in the ETF space [6]. - The fund's 12-month trailing dividend yield is reported at 2.16% [6]. Holdings and Sector Exposure - The top holding in FJP is Subaru Corporation (7270.JP), accounting for approximately 1.83% of total assets, followed by Sugi Holdings Co., Ltd. and Central Japan Railway Company [7]. - The top 10 holdings collectively represent about 17.54% of the fund's total assets under management [8]. Performance Metrics - As of September 10, 2025, FJP has gained approximately 29.42% year-to-date and 29.15% over the past year [9]. - The ETF has traded within a range of $47.79 to $67.08 over the last 52 weeks [9]. - FJP has a beta of 0.58 and a standard deviation of 20.36% over the trailing three-year period, indicating a medium risk profile [10]. Alternatives - Other ETFs in the Asia-Pacific (Developed) segment include JPMorgan BetaBuilders Japan ETF (BBJP) and iShares MSCI Japan ETF (EWJ), with assets of $14.11 billion and $15.51 billion respectively [12]. - BBJP has a lower expense ratio of 0.19%, while EWJ charges 0.50%, presenting cheaper alternatives for investors [12].