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FEMS ETF · First Trust Emerging Markets Small Cap AlphaDEX Fund ETF
The FEMS Exchange Traded Fund (ETF) is provided by First Trust. It is built to track an index: NASDAQ AlphaDEX Emerging Markets Small Cap Index. The FEMS ETF provides physical exposure, so by buying it you actually own parts of all the 163 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofEM Small Cap1M perf.+2.19%
Last price
$47.00
1M perf.
+1.16%
1M flows
-€3.9M
AuM
€217M
E/R
0.8%
Rating
ESG Consensus®
FEMS
$47.00
Performance & flows
Segment for quartile rank
January 7, 2026 → April 7, 2026
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FEMS
$45.56
+4.53%
EM Small Cap
-1.09%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +1.16%  | +4.53%  | +40.45% | +39.28% | +28.99% | +0.63% | +0.63% | +7.79% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/7/2026
$45.56
1D NAV change
+0.06%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
163
Inception date
2/15/2012
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
NASDAQ AlphaDEX Emerging Markets Small Cap Index
Asset class
Factors
N/A
Investment strategy
The First Trust Emerging Markets Small Cap AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Emerging Markets Small Cap Index. The NASDAQ AlphaDEX® Emerging Markets Small Cap Index is an "enhanced" index created and administered by Nasdaq, Inc. ("Nasdaq") which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ Emerging Markets Index that meet certain criteria.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +4.53% | +40.45% | +39.28% | +28.99% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Cayman Islands
13.49%
Taiwan
12.33%
Brazil
11.64%
Turkey
7.37%
Indonesia
7.30%
South Africa
6.27%
Thailand
5.06%
China
2.94%
Unavailable
19.98%
Other
13.62%
Sectors
Consumer Discretionary
12.13%
Information Technology
10.90%
Industrials
10.75%
Materials
8.25%
Real Estate
7.25%
Energy
7.05%
Utilities
6.80%
Consumer Staples
5.07%
Unavailable
19.98%
Other
11.82%
Diversification
Total weight of top 15 holdings out of 163
Top 15 holdings
Data as of February 28, 2026
EZCONN CORP
THUNGELA RESOURCES LTD
IOI PROPERTIES GROUP BERHAD ORD MYR 1
KINETIC DEVELOPMENT GROUP
PT ADARO ENERGY INDONESIA TBK
ENERJISA ENERJI ASORD
THAI FOODS GROUP PCL
JHSF PARTICIPACOES
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SANY INT'L
BRADESPAR SA PRF
MOVIDA PARTICIPACOES SA
ANEKA TAMBANG
INDO TAMBANGRAYA
COMPANIA SUDAMERICANA DE VAPORES
CHIMEI INNOLUX
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
NASDAQ AlphaDEX Emerging Markets Small Cap NTR Index - USD
Index ticker
NQDXEMSN Index
Index dividend policy
NTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
First Trust
First Trust ID Card
Number of funds
402
Total AuM
€212.49B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7992%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.36B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.8B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.48B |
BUFR | FT Vest Fund of Buffer ETF | €7.5B |
AIRR | First Trust RBA American Industrial Renaissance ETF | €7.39B |
Frequently asked questions about FEMS
What does First Trust Emerging Markets Small Cap AlphaDEX Fund ETF, FEMS, invest in?
FEMS is a Passive ETF. This ETF provides exposure to Other Small Cap Emerging markets Equities.
Which benchmark or index does FEMS replicate?
FEMS tracks the NASDAQ AlphaDEX Emerging Markets Small Cap NTR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of FEMS?
FEMS carries a total expense ratio (TER) of 0.8%, indicating the annual cost for holding the fund.
When was FEMS launched?
FEMS was introduced to the market on February 15, 2012. It trades on United States
Who is the ETF issuer of FEMS?
First Trust Emerging Markets Small Cap AlphaDEX Fund ETF, FEMS, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of FEMS?
FEMS oversees €217M in assets as of April 7, 2026.
How has FEMS performed lately?
Based on data from April 7, 2026, FEMS returned 1.16% over the past month, 4.53% over the last three months and 7.79% year-to-date.
What are the latest inflows or outflows for FEMS?
As of April 7, 2026, FEMS recorded net flows of -€3.9M over the last month and -€5.8M year-to-date.
Does FEMS distribute dividends?
FEMS follows a distributing dividend policy, meaning it pays out income to investors. As of April 7, 2026, its 12-month trailing yield was 4.40%.
What are the main country or region exposures of FEMS?
As of February 28, 2026, FEMS has significant geographic allocations in Cayman Islands, Taiwan and Brazil.
In which sector or theme does FEMS invest in?
As of February 28, 2026, FEMS focuses largely on Consumer Discretionary, Information Technology and Industrials.
How many securities does FEMS hold and how diversified is it?
As of February 28, 2026, FEMS holds 163 positions in its portfolio, with 17.00% of assets concentrated in its top 15 holdings.
What are the main positions in FEMS?
As of February 28, 2026, FEMS top three holdings include EZCONN CORP, THUNGELA RESOURCES LTD and IOI PROPERTIES GROUP BERHAD ORD MYR 1.
What is the base currency of FEMS?
The base currency of FEMS is USD.
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