FEM
First Trust Emerging Markets AlphaDEX Fund
First Trust Emerging Markets AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Emerging Markets Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
383.1 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $383 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CANARA BANK | 1.4 % |
| HARMONY GOLD MINING CO LTD | 1.3 % |
| ASELSAN ELEKTRONIK SANAYI | 1.2 % |
| POP MART INTERNATIONAL GROUP LIMITED | 1.2 % |
| COCA-COLA FEMSA SAB-SER L | 1.2 % |
| TURK HAVA YOLLARI AO | 1.2 % |
| SHANDONG GOLD MINING CO., LTD. CLASS H | 1.2 % |
| WAN HAI LINES LIMITED | 1.2 % |
| JBS SA | 1.2 % |
| MAGYAR TELEKOM TELECOMMUNICATIONS PLC | 1.1 % |
Constituent Breakdown
| Number of holdings | 173 |
| Herfindahl-Hirschman Index | 89 |
| Wgt avg mkt cap (mns) | $27,650 |
| Large cap (>$10bn) | 48.4% |
| Mid cap ($2-10bn) | 49.5% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 17.7% |
| Emerging mkts. | 82.3% |
Country Exposure
 |
CHINA | 35.7 % |
 |
BRAZIL | 9.6 % |
 |
TAIWAN | 7.2 % |
 |
MEXICO | 6.1 % |
 |
TURKEY | 5.9 % |
 |
CHILE | 4.4 % |
 |
THAILAND | 4.1 % |
 |
POLAND | 3.9 % |
 |
HUNGARY | 3.7 % |
 |
INDIA | 3.4 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.6% | -4.3% | 2.2% | -1.8% | 3.1% | -1.1% | -- | -1.9% |
| Dividend Yield | 0.0% | 1.3% | 3.5% | 4.4% | 4.2% | 3.6% | -- | 3.1% |
| Total Returns | 2.6% | -3.0% | 5.8% | 2.5% | 7.4% | 2.4% | -- | 1.2% | Ann. Volatility | 24.4% | 20.0% | 17.6% | 18.3% | 19.5% | 21.9% | -- | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 35% |
| MSCI EAFE | 0.85 | 65% |
| MSCI Emg Mkts | 0.92 | 77% |
Liquidity Measures
| Avg. volume (000) | 80 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $6,134 |
Technical Indicators
| Recent close | $22.60 |
| 30d moving avg. | $22.29 |
| Annualized volatility | 17.8% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FEM |
Expenses vs. FEM |
ALTAR Score™ vs. FEM |
|---|---|---|---|---|
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 28.2% | -35 bp | -1.3% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 21.4% | +10 bp | -4.0% |
| FLN | First Trust Latin America AlphaDEX Fund | 20.8% | 0 bp | -1.8% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 19.6% | -36 bp | +0.2% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 19.3% | -10 bp | +2.9% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 18.7% | -41 bp | +5.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 17.6% | -31 bp | +4.9% |
| FCA | First Trust China AlphaDEX Fund | 16.7% | 0 bp | -2.6% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 16.1% | -45 bp | +8.1% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 15.6% | -55 bp | +1.3% |
Risk and Returns: FEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FEM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
FEM
12.3%
Cat. Avg
10.2%
ALTAR Score™ Calculation
Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.2% and a standard deviation of
3.9%. FEM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places FEM in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FEM (80 bp) Percentile rank | 70 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEM | 80.0 | 19.5 | 99.5 |
| Peer Avg. | 49.6 | 28.0 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .