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
283.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 15, 2012 |
| Assets (mns) | $284 |
| 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 +
| TIGERAIR TAIWAN CO., LTD. | 8.0 % |
| Q TECHNOLOGY (GROUP) CO. LTD. | 1.1 % |
| JOHNSON HEALTH TECH CO LTD | 1.1 % |
| NET HOLDING AS | 1.0 % |
| AYGAZ AS | 1.0 % |
| EMLAK KONUT GAYRIMENKUL YATI | 1.0 % |
| ASIA OPTICAL CO INC | 1.0 % |
| SPAR GROUP LIMITED/THE | 0.9 % |
| FUFENG GROUP LTD | 0.9 % |
| GREENTOWN CHINA HOLDINGS | 0.9 % |
Constituent Breakdown
| Number of holdings | 227 |
| Herfindahl-Hirschman Index | 123 |
| Wgt avg mkt cap (mns) | $1,555 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 34.3% |
| Small cap (<$2bn) | 63.4% |
| Developed mkts. | 14.3% |
| Emerging mkts. | 85.7% |
Country Exposure
 |
CHINA | 14.3 % |
 |
TURKEY | 13.7 % |
 |
TAIWAN | 10.4 % |
 |
SOUTH AFRICA | 9.2 % |
 |
BRAZIL | 9.0 % |
 |
INDONESIA | 7.6 % |
 |
HONG KONG | 7.0 % |
 |
MALAYSIA | 4.9 % |
 |
THAILAND | 4.3 % |
 |
INDIA | 2.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.1% | 8.5% | 5.6% | 5.1% | 6.8% | 5.6% | 5.7% | Volatility | 16.4% | 16.7% | 16.7% | 18.1% | 22.3% | 21.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 36% |
| MSCI EAFE | 0.68 | 55% |
| MSCI Emg Mkts | 0.76 | 67% |
Liquidity Measures
| Avg. volume (000) | 36 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.64% |
| ADV of underlying (mns) | $1,832 |
Technical Indicators
| Recent close | $37.58 |
| 30d moving avg. | $39.29 |
| Annualized volatility | 16.1% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.5% |
| 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 |
|---|---|---|---|---|
| ECNS | iShares MSCI China Small-Cap ETF | 14.7% | -21 bp | +2.0% |
| DGS | WisdomTree Emerging Markets SmallCap Dividend Fund | 11.0% | -22 bp | -2.2% |
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 12/18/2024
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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 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™
FEMS
12.5%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. FEMS's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places FEMS in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEMSSELL
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 |
| FEMS (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) |
|
|---|---|---|---|
| FEMS | 80.0 | 63.5 | 143.5 |
| Peer Avg. | 49.4 | 30.3 | 79.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .