RFEM
First Trust Riverfront Dynamic Emerging Markets ETF
The First Trust RiverFront Dynamic Emerging Markets ETF is an actively managed fund that seeks capital appreciation from emerging market stocks using a factor approach. The manager has discretion to hedge currency exposure up to 100% of the portfolio.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 77.5 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Inception date | Jun 14, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 10.4 % |
| MEDIATEK INC | 5.9 % |
| TENCENT HOLDINGS LTD | 3.3 % |
| ISHARES MSCI CHINA ETF | 3.3 % |
| UNIMICRON TECHNOLOGY CORP | 3.2 % |
| KIA MOTORS CORPORATION | 2.9 % |
| INTL CONTAINER TERM SVCS INC | 2.6 % |
| HDFC BANK LIMITED | 2.1 % |
| IND & COMM BK OF CHINA - H | 2.1 % |
| KASIKORNBANK PCL-NVDR | 1.9 % |
Constituent Breakdown
| Number of holdings | 119 |
| Herfindahl-Hirschman Index | 260 |
| Wgt avg mkt cap (mns) | $254,185 |
| Large cap (>$10bn) | 74.2% |
| Mid cap ($2-10bn) | 16.1% |
| Small cap (<$2bn) | 1.5% |
| Developed mkts. | 8.2% |
| Emerging mkts. | 85.5% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 29.6 % |
 |
INDIA | 17.2 % |
 |
CHINA | 9.5 % |
 |
SOUTH KOREA | 6.6 % |
 |
BRAZIL | 4.7 % |
 |
THAILAND | 3.7 % |
 |
TURKEY | 3.3 % |
 |
HONG KONG | 3.1 % |
 |
PHILIPPINES | 2.6 % |
 |
POLAND | 2.4 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.6% | 31.5% | 19.8% | 19.5% | 4.7% | 6.6% | -- | 6.4% |
| Dividend Yield | 1.5% | 3.9% | 3.5% | 3.6% | 4.3% | 3.7% | -- | 3.7% |
| Total Returns | 20.1% | 35.4% | 23.3% | 23.1% | 9.0% | 10.3% | -- | 10.1% | Ann. Volatility | 23.0% | 18.2% | 18.4% | 17.1% | 19.0% | 20.6% | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 61% |
| MSCI EAFE | 0.94 | 64% |
| MSCI Emg Mkts | 0.76 | 90% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| 30d moving avg. (EMA) | $92.72 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.17/0.07 |
| Bollinger Bands (Upper/Lower) | $95.34/$90.39 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RFEM |
Expenses vs. RFEM |
ALTAR Score™ vs. RFEM |
|---|---|---|---|---|
| JIVE | JPMorgan International Value ETF | 32.0% | -40 bp | -2.2% |
| RAYE | Rayliant Quantamental Emerging Market ex-China Equity ETF | 28.1% | -7 bp | -1.8% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 25.7% | -46 bp | -1.5% |
| EMGF | iShares Emerging Markets Equity Factor ETF | 25.3% | -70 bp | 0.0% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 25.1% | -26 bp | -2.2% |
| VWO | Vanguard FTSE Emerging Markets ETF | 24.8% | -88 bp | -0.7% |
| EEM | iShares MSCI Emerging Markets ETF | 24.6% | -26 bp | -1.1% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 24.5% | -65 bp | -1.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 24.4% | -25 bp | -2.2% |
| SCHE | Schwab Emerging Markets Equity ETF | 23.8% | -84 bp | -0.3% |
Risk and Returns: RFEM 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 7/26/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
11.0%
ALTAR SCORE™
90th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 208 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.9% and a standard deviation
of 2.3%. RFEM's ALTAR Score™ is approximately 1.3 standard
deviations above the category average. This places RFEM in the 90th percentile
among funds in the category.
Sell-Side Consensus
$107.4
PRICE TARGET
+17.8%
UPSIDE
Bid/Ask Spreads
24 bp
AVG SPREAD
16 —
216 bp
RANGE