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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 265.3 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Feb 15, 2012 |
| 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 +
| CHINA ZHONGWANG HOLDINGS LTD | 2.5 % |
| HOLYSTONE ENTERPRISE CO LTD | 1.4 % |
| EUROPOWER ENERJI VE OTOMASYON TEKNOLOJIL | 1.4 % |
| ITEQ CORP | 1.4 % |
| CHIPMOS TECHNOLOGIES, INC. | 1.3 % |
| AMTRAN TECHNOLOGY CO LTD | 1.2 % |
| KATILIMEVIM TASARRUF FINANSMAN AS | 1.2 % |
| TOPOINT TECHNOLOGY CO., LTD. | 1.2 % |
| NEXA RESOURCES S.A. | 1.1 % |
| KAORI HEAT TREATMENT CO., LTD. | 1.0 % |
Constituent Breakdown
| Number of holdings | 221 |
| Herfindahl-Hirschman Index | 68 |
| Wgt avg mkt cap (mns) | $1,911 |
| Large cap (>$10bn) | 3.2% |
| Mid cap ($2-10bn) | 27.3% |
| Small cap (<$2bn) | 46.5% |
| Developed mkts. | 1.1% |
| Emerging mkts. | 81.2% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 18.3 % |
 |
TURKEY | 13.9 % |
 |
BRAZIL | 11.7 % |
 |
CHINA | 11.1 % |
 |
SOUTH AFRICA | 6.0 % |
 |
INDONESIA | 5.9 % |
 |
THAILAND | 4.8 % |
 |
CHILE | 2.8 % |
 |
MEXICO | 2.6 % |
 |
MALAYSIA | 1.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.5% | 20.4% | 7.6% | 9.9% | 0.3% | 5.1% | -- | 3.0% |
| Dividend Yield | 0.7% | 5.8% | 4.5% | 4.9% | 4.8% | 4.6% | -- | 3.9% |
| Total Returns | 12.2% | 26.2% | 12.2% | 14.9% | 5.0% | 9.7% | -- | 6.9% | Ann. Volatility | 19.7% | 15.7% | 17.3% | 16.8% | 18.0% | 20.0% | -- | 25.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 40% |
| MSCI EAFE | 0.76 | 52% |
| MSCI Emg Mkts | 0.63 | 63% |
Liquidity Measures
| Avg. volume (000) | 41 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 1.00% |
Technical Indicators
| 30d moving avg. (EMA) | $47.08 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.12/-0.05 |
| Bollinger Bands (Upper/Lower) | $49.18/$45.56 |
| Short interest (% of AUM) | 0.0% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FEMS |
Expenses vs. FEMS |
ALTAR Score™ vs. FEMS |
|---|---|---|---|---|
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 10.1% | -22 bp | -4.1% |
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 (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 6/3/2026
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
12.3%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. FEMS's ALTAR Score™ is approximately 2.3 standard
deviations above the category average. This places FEMS in the 99th percentile
among funds in the category.
Sell-Side Consensus
$57.23
PRICE TARGET
+19.7%
UPSIDE
Bid/Ask Spreads
100 bp
AVG SPREAD
50 —
385 bp
RANGE