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
$ 729.8 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Apr 18, 2011 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TATA MOTORS LTD | 1.6 % |
| FIBRA UNO ADMINISTRACION SA | 1.4 % |
| COCA-COLA FEMSA SAB-SER L | 1.3 % |
| PTT EXPLORATION & PRODUCTION PLC | 1.3 % |
| BBB FOODS INC. (CLASS A) | 1.3 % |
| PGE SA | 1.2 % |
| PT ADARO ANDALAN INDONESIA TBK | 1.2 % |
| PETROBRAS - PETROLEO BRAS-PR | 1.2 % |
| EMPRESAS COPEC SA | 1.2 % |
| WAN HAI LINES LIMITED | 1.2 % |
Constituent Breakdown
| Number of holdings | 169 |
| Herfindahl-Hirschman Index | 83 |
| Wgt avg mkt cap (mns) | $29,655 |
| Large cap (>$10bn) | 46.5% |
| Mid cap ($2-10bn) | 39.4% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 1.1% |
| Emerging mkts. | 90.3% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 30.2 % |
 |
CHINA | 12.2 % |
 |
INDIA | 8.2 % |
 |
BRAZIL | 7.9 % |
 |
SOUTH AFRICA | 5.3 % |
 |
TURKEY | 4.4 % |
 |
MEXICO | 4.2 % |
 |
THAILAND | 4.0 % |
 |
POLAND | 3.4 % |
 |
PHILIPPINES | 2.4 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.8% | 18.9% | 15.9% | 15.6% | 3.6% | 4.5% | -- | 0.6% |
| Dividend Yield | 1.9% | 2.8% | 3.3% | 3.4% | 4.4% | 3.9% | -- | 3.3% |
| Total Returns | 19.7% | 21.7% | 19.2% | 19.0% | 8.0% | 8.4% | -- | 3.9% | Ann. Volatility | 22.1% | 20.6% | 19.6% | 18.2% | 18.7% | 21.0% | -- | 21.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 51% |
| MSCI EAFE | 0.98 | 57% |
| MSCI Emg Mkts | 0.71 | 77% |
Liquidity Measures
| Avg. volume (000) | 105 |
| ADV traded (mns) | $3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $32.04 |
| Relative strength (RSI) | 39 |
| MACD/Signal | -0.44/-0.27 |
| Bollinger Bands (Upper/Lower) | $33.63/$30.60 |
| Short interest (% of AUM) | 0.3% |
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. FEM |
Expenses vs. FEM |
ALTAR Score™ vs. FEM |
|---|---|---|---|---|
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 30.3% | -27 bp | -0.6% |
| FLTW | Franklin FTSE Taiwan ETF | 20.4% | -61 bp | -4.9% |
| EWT | iShares MSCI Taiwan ETF | 19.9% | -21 bp | -5.2% |
| PIE | Invesco Dorsey Wright Emerging Markets Momentum ETF | 18.9% | +10 bp | -4.5% |
| EMMF | WisdomTree Emerging Markets Multifactor Fund | 17.8% | -32 bp | +1.1% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 17.6% | -30 bp | -1.2% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 17.5% | -33 bp | +3.5% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 17.1% | -41 bp | +4.1% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 16.7% | -45 bp | +0.6% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 15.7% | -22 bp | +0.6% |
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 (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 11/6/2026
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
9.7%
ALTAR SCORE™
71st
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. FEM's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places FEM in the 71st percentile
among funds in the category.
Sell-Side Consensus
$37.01
PRICE TARGET
+24.0%
UPSIDE