First Trust RiverFront Dynamic Asia Pacific ETF
RFAP
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Apr 14, 2016
- CIK
- 0001424212
- Similar Companies
- Business
- First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) is an actively managed exchange-traded fund that seeks capital appreciation through investments in developed Asia-Pacific equities, excluding Japan, selected via a proprietary factor-based approach; the fund permits up to 100% currency hedging at the manager's discretion; it provides exposure to sectors including financials, consumer discretionary, materials, industrials, and healthcare, with top holdings such as Sony Group Corporation, BHP Group Ltd, AIA Group Ltd, CSL Ltd, and Recruit Holdings Co Ltd. RFAP trades on the NASDAQ exchange under the ticker RFAP and is issued by First Trust Advisors L.P., with sub-advisory services provided by RiverFront Investment Group LLC. The fund was launched on April 13, 2016, and is headquartered in Wheaton, Illinois, the base of First Trust Advisors L.P., which was founded in 1991. In a significant reorganization approved by the Board of Trustees on January 15, 2021, and completed on August 30, 2021, the assets and liabilities of RFAP were fully transferred into the First Trust RiverFront Dynamic Developed International ETF (RFDI) at an exchange ratio of 0.782867 based on closing net asset values; this merger broadened RFDI's scope to developed international markets excluding the U.S., incorporating RFAP's Asia-Pacific focus while retaining active management and sub-advisory by RiverFront; post-reorganization, RFAP shares ceased independent trading, though the ticker persists with residual market data reflecting approximately $10.25 million in assets under management and a net expense ratio of 0.83% as of recent reports. The ETF targets institutional and retail investors seeking dynamic equity exposure to Asia-Pacific developed markets, including Australia, Hong Kong, Singapore, and South Korea; administrator, advisor, and custodian services are handled by Brown Brothers Harriman & Co., with First Trust Portfolios L.P. acting as distributor; no major partnerships, acquisitions, funding rounds, or new product launches have been reported for RFAP since the 2021 reorganization, and the fund shows low trading volume with an average daily volume of around 811 shares.