First Trust Japan AlphaDEX Fund (FJP) is a Japan-focused ETF. As of October 9, 2026, ETF Copilot scores FJP 3.9 out of 10 — highest on Growth (6.9), lowest on Quality (0.9). It trades at 12.8 times earnings, against its own median of 10.5. Its ten largest holdings are 19% of the fund.
What stands out in FJP's data
Japanese stocks selected and weighted by the AlphaDEX system.
Trades cheaper than most Japan funds — you pay less for each unit of earnings.
Its 8.4x EBITDA multiple sits below the category median of 11.7x, among the cheapest 10% of peers. Expense ratio 0.8%.
A rules-based stock-picking system that tilts a Japan allocation toward value.
How is FJP rated? ETF Copilot scores First Trust Japan AlphaDEX Fund (FJP) 3.9 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Japan AlphaDEX Fund (FJP) 3.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.9 / 10
- Growth: 6.9 / 10
- Value: 1.0 / 10
- Risk: 3.9 / 10
- Quality: 0.9 / 10
- Return: 4.9 / 10
Is FJP expensive right now? It trades at 12.8 times earnings, against its own median of 10.5
As of October 9, 2026, FJP is more expensive than 78% of its own last 9 years.
Trailing 12 months, built from FJP's holdings. How we calculate this →
What's inside FJP? 17% Tech
What's inside FJP: Size (Large 21%, Mid 74%, Small 5%); Geography (International 100%, US 0%); Tech 17.3%; AI 0.1%; Semiconductors 5.3%; Memory 2.1%.
What are FJP's top holdings? The ten largest are 19% of the fund
Nippon Yusen K.K, Mitsui O.S.K. Lines, Kawasaki Kisen Kaisha, Kansai Electric Power, Inpex, Japan Airlines, Suzuki Motor, Central Japan Railway, Advantest and Daiichi Life are FJP's largest holdings, in that order.
Less concentrated than 59% of Japan ETFs.
Half of FJP's weight sits in its 32 largest positions, and once those weights are taken into account it behaves like 80 equally weighted holdings.
What is FJP's expense ratio? 0.80% a year
As of October 9, 2026, FJP charges 0.80% a year, yields 2.43% and holds $273M in assets across 100 positions.
| Measure | FJP |
|---|---|
| Expense ratio | 0.80% |
| Dividend yield | 2.43% |
| Assets under management | $273M |
| Holdings | 100 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Japan AlphaDEX Fund (FJP) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fjp
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