ATLASFirst Trust Japan AlphaDEX Fund (FJP): outlook, holdings and fees
First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.79% and the yield is 2.40%. The ten largest holdings are 20% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FJP
| Last price | $73.95 (+1.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $71.77 – $76.84 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 2.40% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FJP fund facts
| Issuer | First Trust |
|---|---|
| Theme | Japan |
| Assets under management | $276M |
| Expense ratio | 0.79% |
| Number of holdings | 49 |
| Portfolio turnover | 63% |
| Inception | Apr 18, 2011 |
| Exchange | NASDAQ |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Japan Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
FJP top holdings
| Holding | Sector | Weight |
|---|---|---|
| Nippon Yusen K.K 9101 | Industrials | 2.40% |
| Mitsui O.S.K. Lines Ltd. 9104 | Industrials | 2.34% |
| Kawasaki Kisen Kaisha Ltd. 9107 | Industrials | 2.29% |
| Kansai Electric Power Co Inc 9503 | Utilities | 1.91% |
| Inpex Corp. 1605 | Energy | 1.94% |
| Japan Airlines Co Ltd 9201 | Industrials | 1.80% |
| Central Japan Railway Co. 9022 | Industrials | 1.73% |
| Suzuki Motor Corp. 7269 | Consumer Cyclical | 1.72% |
| Advantest Corp. 6857 | Technology | 1.76% |
| Idemitsu Kosan Co Ltd 5019 | Energy | 1.73% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FJP sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 34.1% |
| Consumer Cyclicals | 17.7% |
| Technology | 16.1% |
| Financial Services | 11.3% |
| Utilities | 5.1% |
| Basic Materials | 4.8% |
| Energy | 4.5% |
| Real Estate | 2.2% |
| Consumer Defensive | 1.7% |
| Healthcare | 1.3% |
| Communication Services | 1.1% |
By region: Japan 100.0%.
FJP returns and risk
| Year to date | +18.9% |
|---|---|
| 1 year | +25.6% |
| 3 years (annualised) | +22.8% |
| 5 years (annualised) | +11.9% |
| 10 years (annualised) | +7.4% |
| Volatility (3 years) | 15.9% |
| Sharpe ratio (3 years) | 0.91 |
Past returns do not guarantee future results.
FJP: frequently asked questions
What does FJP invest in?
First Trust Japan AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Nippon Yusen K.K (2.4%), Mitsui O.S.K. Lines Ltd. (2.3%), Kawasaki Kisen Kaisha Ltd. (2.3%), Kansai Electric Power Co Inc (1.9%), Inpex Corp. (1.9%).
What is the FJP expense ratio?
0.79% a year: about $79.00 for every $10,000 invested.
What is the FJP dividend yield?
2.40%. ATLAS does not hold the exact distribution dates for ETFs.
Will FJP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $71.77 to $76.84 from $73.95 today. It is a probability, not a prediction.
How has FJP performed?
Year to date +18.9%, one year +25.6%, three years +22.8% a year, five years +11.9% a year. Past returns do not guarantee future results.
Similar ETFs: Japan
- iShares MSCI Japan ETF (EWJ)
- JPMorgan BetaBuilders Japan ETF (BBJP)
- WisdomTree Japan Hedged Equity Fund (DXJ)
- JPMorgan BetaBuilders Developed Asia Pacific ex-Japan ETF (BBAX)
- Franklin FTSE Japan ETF (FLJP)
- iShares MSCI All Country Asia ex Japan ETF (AAXJ)
- iShares MSCI Pacific ex Japan ETF (EPP)
- iShares MSCI Japan Value ETF (EWJV)
Educational information, not investment advice. Disclaimer