First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) is a Asia-Pacific regional ETF. As of October 9, 2026, ETF Copilot scores FPA 4.4 out of 10 — highest on Growth (7.8), lowest on Quality (1.5). It trades at 10.6 times earnings, against its own median of 9.4. Its ten largest holdings are 27% of the fund.
What stands out in FPA's data
Asia Pacific companies outside Japan, selected by a quantitative screen.
Priced cheaper than the typical Asia Pacific fund — you pay less for each dollar of earnings.
Trailing EBITDA multiple of 7.8x sits below the category median of 9.9x. Its expense ratio of 0.8% is higher than many broad-market peers.
A value-oriented sleeve for a portfolio that already holds broad Asia exposure.
Why did FPA move this week? It fell 3.5% in the week to October 9, 2026 — SK Square and LIG NEX1 drove it
FPA fell 3.5% in the week to October 9, 2026. The holdings that moved it most were SK Square (−9.1%), LIG NEX1 (−18.8%) and SK Hynix (−8.3%); Orient Overseas International (+6.5%) pushed the other way.
How is FPA rated? ETF Copilot scores First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) 4.4 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) 4.4 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.4 / 10
- Growth: 7.8 / 10
- Value: 1.7 / 10
- Risk: 2.2 / 10
- Quality: 1.5 / 10
- Return: 6.3 / 10
Is FPA expensive right now? It trades at 10.6 times earnings, against its own median of 9.4
As of October 9, 2026, FPA is more expensive than 69% of its own last 9 years.
Trailing 12 months, built from FPA's holdings. How we calculate this →
What's inside FPA? 25% Tech
What's inside FPA: Size (Large 27%, Mid 65%, Small 8%); Geography (International 100%, US 0%); Tech 24.9%; Semiconductors 6.8%; Memory 10.6%.
What are FPA's top holdings? The ten largest are 27% of the fund
Less concentrated than 83% of Asia Pacific ETFs.
Half of FPA's weight sits in its 26 largest positions, and once those weights are taken into account it behaves like 61 equally weighted holdings.
What is FPA's expense ratio? 0.80% a year
As of October 9, 2026, FPA charges 0.80% a year, yields 3.95% and holds $120M in assets across 100 positions.
| Measure | FPA |
|---|---|
| Expense ratio | 0.80% |
| Dividend yield | 3.95% |
| Assets under management | $120M |
| 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 Asia Pacific ex-Japan AlphaDEX Fund (FPA) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fpa
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