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
410.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 18, 2011 |
| Assets (mns) | $411 |
| 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 +
| US DOLLAR | 2.2 % |
| POP MART INTERNATIONAL GROUP LIMITED | 1.5 % |
| XIAOMI CORP. CLASS B | 1.4 % |
| GEELY AUTOMOBILE HOLDINGS LT | 1.3 % |
| XINJIANG GOLDWIND SCI&TEC-H | 1.3 % |
| TCL COMMUNICATION TECH HLDGS | 1.3 % |
| CHINA HONGQIAO GROUP LTD | 1.2 % |
| EMPRESA BRAS DE AERONAUTICA | 1.2 % |
| EVERGREEN MARINE | 1.2 % |
| GAMUDA BHD | 1.1 % |
Constituent Breakdown
| Number of holdings | 172 |
| Herfindahl-Hirschman Index | 82 |
| Wgt avg mkt cap (mns) | $19,726 |
| Large cap (>$10bn) | 45.5% |
| Mid cap ($2-10bn) | 52.2% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 17.3% |
| Emerging mkts. | 82.8% |
Country Exposure
 |
CHINA | 28.4 % |
 |
HONG KONG | 12.0 % |
 |
TURKEY | 9.0 % |
 |
BRAZIL | 8.7 % |
 |
INDIA | 7.7 % |
 |
TAIWAN | 6.7 % |
 |
MEXICO | 4.0 % |
 |
INDONESIA | 3.4 % |
 |
SOUTH AFRICA | 3.0 % |
 |
THAILAND | 2.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.2% | 17.3% | 16.5% | 0.8% | 3.4% | 3.4% | 1.3% | Volatility | 15.6% | 15.6% | 15.9% | 18.2% | 23.3% | 21.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 40% |
| MSCI EAFE | 0.86 | 68% |
| MSCI Emg Mkts | 0.93 | 78% |
Liquidity Measures
| Avg. volume (000) | 58 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $6,759 |
Technical Indicators
| Recent close | $22.32 |
| 30d moving avg. | $23.29 |
| Annualized volatility | 18.5% |
| Relative strength (RSI) | 46 |
| 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. FEM |
Expenses vs. FEM |
ALTAR Score™ vs. FEM |
|---|---|---|---|---|
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 24.3% | -35 bp | -0.7% |
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 20.7% | -41 bp | -0.6% |
| FCA | First Trust China AlphaDEX Fund | 20.5% | 0 bp | +3.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 20.1% | -31 bp | -0.8% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 19.3% | -36 bp | +2.6% |
| EVLU | iShares MSCI Emerging Markets Value Factor ETF | 17.9% | -45 bp | -0.6% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 16.9% | -55 bp | -0.5% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 15.8% | -36 bp | -2.4% |
| BKF | iShares MSCI BIC ETF | 15.7% | -11 bp | -6.1% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 15.1% | -30 bp | 0.0% |
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
| 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 11/13/2024
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
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.
ALTAR Score™
FEM
13.0%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. FEM's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places FEM in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| FEM (80 bp) Percentile rank | 71 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FEM | 80.0 | 19.5 | 99.5 |
| Peer Avg. | 48.9 | 28.9 | 77.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .