FEMS
First Trust Emerging Markets Small Cap AlphaDEX Fund
First Trust Emerging Markets Small Cap AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Emerging Markets Small Cap Index.
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 15, 2012 |
| Assets (mns) | $332 |
| 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 +
| MAVI GIYIM SANAYI VE TICARET A.S. | 1.7 % |
| L&K ENGINEERING CO LTD | 1.1 % |
| DOGUS OTOMOTIV SERVIS VE TIC | 1.0 % |
| ANADOLU SIGORTA | 1.0 % |
| ANADOLU EFES BIRACILIK VE | 0.9 % |
| C&A MODAS SA | 0.9 % |
| EXXARO RESOURCES LTD | 0.9 % |
| ULKER BISKUVI SANAYI AS | 0.9 % |
| TAV HAVALIMANLARI HOLDING AS | 0.9 % |
| ENERJISA ENERJI A.S | 0.9 % |
Constituent Breakdown
| Number of holdings | 222 |
| Herfindahl-Hirschman Index | 114 |
| Wgt avg mkt cap (mns) | $1,587 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 32.9% |
| Small cap (<$2bn) | 65.2% |
| Developed mkts. | 8.7% |
| Emerging mkts. | 91.3% |
Country Exposure
 |
TURKEY | 18.2 % |
 |
BRAZIL | 11.0 % |
 |
CHINA | 10.9 % |
 |
TAIWAN | 9.7 % |
 |
HONG KONG | 6.4 % |
 |
POLAND | 5.4 % |
 |
INDONESIA | 5.1 % |
 |
SOUTH AFRICA | 4.8 % |
 |
MALAYSIA | 4.8 % |
 |
INDIA | 4.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.1% | 11.2% | 3.5% | 1.7% | 7.2% | 4.9% | 5.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 35% |
| MSCI EAFE | 0.72 | 56% |
| MSCI Emg Mkts | 0.77 | 69% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.64% |
| ADV of underlying (mns) | $1,948 |
Technical Indicators
| Recent close | $39.14 |
| 30d moving avg. | $37.45 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.2% |
| 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. FEMS |
Expenses vs. FEMS |
ALTAR Score™ vs. FEMS |
|---|---|---|---|---|
| TUR | iShares MSCI Turkey ETF | 13.7% | -22 bp | +4.0% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 12.7% | -22 bp | -4.0% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 11.3% | +10 bp | -7.2% |
Risk and Returns: FEMS 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 5/1/2024
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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
FEMS
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™
FEMS
14.0%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 14.0% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. FEMS's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places FEMS in the 95th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FEMS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEMS | 80.0 | 63.5 | 143.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .