FCA ETF — First Trust China AlphaDEX® Fund

First Trust China AlphaDEX® Fund (FCA)

Updated October 16, 2026.

FCA is an ETF. its distribution rate is 5.78%, its trailing-12-month yield is 5.78%, its expense ratio is 0.80%. Dividend Vision Distribution Safety Score™ is 55/100 (Caution). Total return is 42.3% over the past 15.5 years, 606.1 points behind SPY at 648.4%.

First Trust China AlphaDEX Fund is an ETF that tracks a modified index of Chinese stocks listed on NASDAQ, applying a proprietary selection methodology designed to identify companies with potential for risk-adjusted outperformance relative to traditional indices. The fund distributes quarterly with a current distribution rate that is elevated relative to broad equity funds, and carries an expense ratio of 0.80%. It appeals to income-focused investors seeking exposure to Chinese equities with a systematic stock-selection approach.

FCA performance versus SPY

Price and return data through 2026-10-16.

Total return is 42.3% over the past 15.5 years, 606.1 points behind SPY at 648.4%. Over the past year its total return — price change plus distributions reinvested — is -11.5%. Its deepest 1-year drawdown was 25.3%.

FCA key facts

Distribution Safety Score™

55 · Caution

Safety-Adjusted Yield

3.18%

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

04/18/2011

Expense ratio

0.80%

Distribution rate

5.78%

Distribution frequency

Quarterly

Trailing yield

5.78%

Last close

$24.62 (as of 2026-10-16)

AUM

$29,582,492

Average volume

1082.0

Dividend

$0.892

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

0.69

How Dividend Vision calculates yield and returns

Distribution rate (5.78%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.78%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FCA risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 25.3%.

Who may consider FCA — and who may not

FCA may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FCA pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FCA

• All tickers starting with F

Tagged: International.

Frequently asked questions

More securities from First Trust.