FPA:NASDAQFirst Trust Asia Pacific Ex-Japan AlphaDEX Fund Analysis

The fund has delivered a robust YTD return of 32.79% while trading at $43.34, comfortably above its 200‑day SMA of $39.42 but just below the 20‑day ($44.62) and 50‑day ($45.32) averages, suggesting a short‑term pull‑back potential. Technical indicators are mixed: the RSI sits at 44 (neutral) and the MACD is bearish with a negative histogram, while price remains bounded by a support level of $41.10 and resistance near $46.99. Volatility is elevated at roughly 39% over the past 30 days, and the Fear & Greed Index signals “Extreme Greed,” hinting at possible over‑optimism. Despite the high expense ratio of 0.8%, the fund offers a solid dividend yield of 3.54% and a low beta of 0.87, providing downside protection relative to the broader market. With tracking error at zero and an increasing volume trend, liquidity is adequate for most investors, though current daily volume lags the 10‑day average. Overall, the fund’s strong regional exposure, attractive yield, and disciplined tracking make it a compelling holding, but the near‑term technical weakness and high volatility suggest caution before adding more exposure.