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.


Rules-Based, Diverse

MANAGEMENT MATRIX

UEVM

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateApr 18, 2011
Assets (mns)$349
Expense ratio80 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TUPRAS-TURKIYE PETROL RAFINE 1.5 %
TURK HAVA YOLLARI AO 1.5 %
TURK SISE VE CAM FABRIKALARI 1.5 %
KOC HOLDING AS 1.5 %
AKBANK T.A.S. 1.4 %
KGHM POLSKA MIEDZ S.A. 1.4 %
FORD OTOMOTIV SANAYI AS 1.3 %
TURKIYE IS BANKASI-C 1.3 %
TURKIYE GARANTI BANKASI 1.3 %
POLSKI KONCERN NAFTOWY SA 1.3 %
Constituent Breakdown
Number of holdings157
Herfindahl-Hirschman Index 84
Wgt avg mkt cap (mns)$7,893
Large cap (>$10bn)18.6%
Mid cap ($2-10bn)71.1%
Small cap (<$2bn)3.2%
Developed mkts.8.8%
Emerging mkts.91.2%
Country Exposure
CHINA 16.1 %
TURKEY 15.5 %
TAIWAN 11.2 %
BRAZIL 10.9 %
HONG KONG 8.3 %
INDIA 8.2 %
SOUTH AFRICA 5.1 %
INDONESIA 4.4 %
CHILE 4.0 %
THAILAND 3.1 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-13.8% -9.0% 0.0% -0.1% -0.5% 2.0% 0.1%
Market Correlations
versus...BetaR-squared
S&P 5000.8856%
MSCI EAFE1.0376%
MSCI Emg Mkts1.0588%
Liquidity Measures
Avg. volume (000)113
Turnover0.7%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$5,738
Technical Indicators
Recent close$21.40
30d moving avg.$19.73
Annualized volatility24.7%
Relative strength (RSI)67
Short interest (ETF)1.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.5 6.4 0.9 6.1% --
Based on closing prices from 11/30/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FEM

16.7%

Cat. Avg

7.9%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™16.7%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 182 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. FEM's ALTAR Score™ is approximately 2.1 standard deviations above the category average. This places FEM in the 98th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FEM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FEM 80.0 16.0 96
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.