First Trust Japan AlphaDEX Fund

First Trust Japan AlphaDEX Fund is an exchange-traded fund designed to provide exposure to Japanese equities through a rules-based stock selection approach. The fund seeks to track the NASDAQ AlphaDEX Japan Index, which uses growth and value screening to identify companies from the broader Japanese market that meet its selection methodology. It typically holds a diversified basket of Japanese stocks across sectors and market capitalizations, giving investors access to a broad cross-section of Japan’s equity market. First Trust Japan AlphaDEX Fund is used as a portfolio-building tool for gaining focused international equity exposure within a single fund structure. As a Japan stock ETF, it plays a role in offering systematic access to developed-market Japanese companies while following an index-driven investment process.