What this ETF is trying to do

The FIRST TRUST JAPAN ALPHADEX FUND (FJP) is an ETF listed on the NASDAQ. This fund is designed to provide exposure to the Japanese market through a specific selection strategy.

What the numbers show

The data shows that FJP has experienced significant growth in its share price over different time periods.

• Year-to-Date (YTD): The price return is approximately 18.46%. When including distributions, the YTD total return is approximately 19.40%.

• One Year: The one-year price return is approximately 21.79%. The one-year total return is approximately 25.17%.

• Three Years: The three-year price return is approximately 65.37%. The three-year total return is approximately 80.64%.

It is important to understand the difference between these numbers. The price return only measures how much the share price itself has changed. The total return includes both the change in share price and the money paid out through distributions.

If you had looked at the price roughly one year ago, it was estimated to be $65.34. The current price is $79.58.

Income and distribution explanation

FJP provides cash distributions to investors. The current distribution yield is approximately 2.43%. This means the amount of cash paid out is about 2.43% of the current ETF price. Over the last 12 months, there were 3 distributions. The frequency is described as irregular or less frequent.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, looking at the share price, the erosion-risk score is 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Strong Price Growth: The fund has shown high price returns over the one-year and three-year periods.

• Total Returns: The total returns are higher than the price returns, meaning distributions have added value to the overall performance.

• Income Rating: The fund has an income rating grade of "A" with a score of 81.

Cons

• Irregular Income: The distributions are not on a regular schedule, which may make it harder to predict when cash will arrive.

• Limited Holding Data: There is no specific data provided regarding the fund's top holdings or total number of holdings.

Beginner takeaway

FJP has shown strong growth in both its share price and its total return over the last three years. While it pays a distribution yield of approximately 2.43%, these payments happen irregularly rather than on a set monthly or quarterly schedule. The fund currently shows no signs of price erosion based on the available data.