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

FPA is currently in a bullish technical setup – the 20‑day SMA (51.61) sits above both the 50‑day (47.88) and 200‑day (41.64) averages, and the price of $50.63 trades comfortably above the 20‑day SMA while respecting a near‑term support at $48.38. Momentum is mixed: RSI hovers at 49.7 (neutral) and the MACD histogram is slightly negative, signalling a short‑term bearish tilt, yet the broader trend_direction is flagged as bullish and volume is increasing. The fund has delivered an impressive 35.9% YTD return and a solid 30% three‑year gain, set against a backdrop of Extreme Greed sentiment (Fear & Greed Index 89.18).
Risk considerations include a beta of 1.17 and a 30‑day volatility of 38.5%, indicating higher price swings than the market, while the max drawdown of –16% reflects moderate downside risk. Tracking error is effectively zero and the expense ratio is modest at 0.80%, but liquidity is modest (average daily volume ~11k shares) and currency exposure to multiple Asian currencies adds a medium‑level currency risk. Overall, the fund’s strong upside potential is balanced by elevated volatility and liquidity constraints.