ATLASFirst Trust Emerging Markets AlphaDEX Fund (FEM): outlook, holdings and fees
First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.79% and the yield is 2.19%. The ten largest holdings are 18% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FEM
| Last price | $31.02 (-1.6%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $30.25 – $32.10 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 2.19% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FEM fund facts
| Issuer | First Trust |
|---|---|
| Theme | Emerging markets |
| Assets under management | $818M |
| Expense ratio | 0.79% |
| Number of holdings | 48 |
| Portfolio turnover | 105% |
| Inception | Apr 18, 2011 |
| Exchange | NASDAQ |
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Emerging Markets Index (the base index) that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
FEM top holdings
| Holding | Sector | Weight |
|---|---|---|
| Kinsus Interconnect Technology Corp 3189 | Technology | 3.40% |
| Unimicron Technology Corp 3037 | Technology | 2.33% |
| Nan Ya Printed Circuit Board Corp 8046 | Technology | 2.23% |
| Elite Material Co Ltd 2383 | Technology | 1.76% |
| Asia Vital Components Co Ltd 3017 | Technology | 1.67% |
| Innolux Corp 3481 | Technology | 1.70% |
| Wan Hai Lines Ltd 2615 | Industrials | 1.36% |
| Accton Technology Corp 2345 | Technology | 1.30% |
| ASE Industrial Holding Co Ltd 3711 | Technology | 1.29% |
| WPG Holdings Ltd 3702 | Technology | 1.31% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FEM sector breakdown
| Sector | Weight |
|---|---|
| Technology | 19.0% |
| Industrials | 15.7% |
| Energy | 14.1% |
| Basic Materials | 13.6% |
| Financial Services | 11.7% |
| Consumer Cyclicals | 9.8% |
| Consumer Defensive | 4.4% |
| Healthcare | 3.9% |
| Communication Services | 3.4% |
| Utilities | 2.8% |
| Real Estate | 1.7% |
By region: Asia Emerging 35.1%, Asia Developed 29.7%, Latin America 16.5%, Europe Emerging 12.1%, Africa/Middle East 5.6%.
FEM returns and risk
| Year to date | +24.2% |
|---|---|
| 1 year | +31.0% |
| 3 years (annualised) | +21.2% |
| 5 years (annualised) | +9.2% |
| 10 years (annualised) | +8.7% |
| Volatility (3 years) | 14.0% |
| Sharpe ratio (3 years) | 0.99 |
Past returns do not guarantee future results.
FEM: frequently asked questions
What does FEM invest in?
First Trust Emerging Markets AlphaDEX Fund invests in a portfolio of securities. Its largest holdings are Kinsus Interconnect Technology Corp (3.4%), Unimicron Technology Corp (2.3%), Nan Ya Printed Circuit Board Corp (2.2%), Elite Material Co Ltd (1.8%), Asia Vital Components Co Ltd (1.7%).
What is the FEM expense ratio?
0.79% a year: about $79.00 for every $10,000 invested.
What is the FEM dividend yield?
2.19%. ATLAS does not hold the exact distribution dates for ETFs.
Will FEM go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $30.25 to $32.10 from $31.02 today. It is a probability, not a prediction.
How has FEM performed?
Year to date +24.2%, one year +31.0%, three years +21.2% a year, five years +9.2% a year. Past returns do not guarantee future results.
Similar ETFs: Emerging markets
- iShares Core MSCI Emerging Markets ETF (IEMG)
- Vanguard FTSE Emerging Markets ETF (VWO)
- iShares MSCI Emerging Markets ETF (EEM)
- Avantis Emerging Markets Equity ETF (AVEM)
- SPDR Portfolio Emerging Markets ETF (SPEM)
- Schwab Emerging Markets Equity ETF (SCHE)
- Schwab Fundamental Emerging Markets Equity ETF (FNDE)
- Dimensional Emerging Core Equity Market ETF (DFAE)
Educational information, not investment advice. Disclaimer