First Trust Emerging Markets Small Cap AlphaDEX Fund
ALTAR
Score™		 13.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 9.0x P/Sales
ratio		 0.6x
P/BV
ratio		 1.0x Div.
yield		 4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Feb 15, 2012
Assets (mns) $240
Currency USD
Expense ratio 80 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 221
Wgt avg mkt cap (mns) $1,935
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 33.7%
Small cap (<$2bn) 64.0%
Developed mkts 15.2%
Emerging mkts 84.8%

TOP TEN HOLDINGS
CHINA ZHONGWANG HOLDINGS LTD 4.4 %
ENERGI MEGA PERSADA TBK PT 1.6 %
EZCONN CORPORATION 1.4 %
PT PETROSEA TBK 1.1 %
THUNGELA RESOURCES LTD 1.0 %
TELKOM SA SOC LTD. 1.0 %
JHSF PARTICIPACOES SA 1.0 %
DYNAMIC HOLDING CO., LTD. 0.9 %
RAL YATIRIM HOLDING A.S. 0.9 %
BRADESPAR SA -PREF 0.9 %
Total 14.2 %

TOP COUNTRY EXPOSURE
CHINA 19.9 %
BRAZIL 12.4 %
TAIWAN 9.8 %
INDONESIA 7.8 %
TURKEY 6.7 %
SOUTH AFRICA 5.8 %
THAILAND 3.4 %
CHILE 2.2 %
MALAYSIA 2.1 %
MEXICO 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
14.7% 14.7% 5.0% 8.9% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.56 43%
MSCI EAFE 0.76 56%
MSCI Emg. Mkts. 0.78 68%

Technical Indicators
Recent close $42.10
30d moving avg. $42.29
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.3%
Bid/Ask (% of price) 0.98%
ADV underlying (mns) $1,234

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 145 potential alternatives to the First Trust Emerging Markets Small Cap AlphaDEX Fund ETF based on the alternatives' overlap in portfolio holdings with FEMS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FEMS Expense: 80 bp ALTAR Score™: 13.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FEMS
Ticker Fund
Name		 Overlap1
vs FEMS
(%)		 Expense
ratio
(bp)		 Savings
vs FEMS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FEMS
(%)
BRF VanEck Brazil Small-Cap ETF 10.6 66 14 11.5 -1.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.8 58 22 8.8 -4.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 8.6 42 38 8.8 -4.5
EWX SPDR S&P Emerging Markets Small Cap ETF 6.2 65 15 7.3 -6.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.6 59 21 7.9 -5.4
EYLD Cambria Emerging Shareholder Yield ETF 5.3 66 14 11.1 -2.2
SDIV Global X Superdividend ETF 5.2 58 22 16.0 +2.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.7 90 -10 4.8 -8.5
IDX VanEck Indonesia Index ETF 4.5 57 23 6.9 -6.4
AVES Avantis Emerging Markets Value ETF 4.2 36 44 9.8 -3.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.7 45 35 9.9 -3.4
DEM WisdomTree Emerging Markets High Dividend Fund 3.7 63 17 12.2 -1.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.3 44 36 9.7 -3.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 2.9 33 47 7.2 -6.1
DFEV Dimensional Emerging Markets Value ETF 2.7 43 37 10.9 -2.4
JIVE JPMorgan International Value ETF 2.5 55 25 10.0 -3.3
AVSE Avantis Responsible Emerging Markets Equity ETF 2.4 33 47 7.3 -6.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 2.4 53 27 6.3 -6.9
GVAL Cambria Global Value ETF 2.4 68 12 9.7 -3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.3 38 42 7.8 -5.5
VIDI Vident International Equity Strategy ETF 2.3 61 19 9.6 -3.7
AVEM Avantis Emerging Markets Equity ETF 2.3 33 47 7.6 -5.7
XC WisdomTree Emerging Markets Ex-China Fund 2.2 32 48 5.6 -7.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.1 70 10 12.1 -1.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.1 8 72 6.7 -6.6
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.0 60 20 10.1 -3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.9 50 30 9.7 -3.6
CGV Conductor Global Equity Value ETF 1.9 130 -50 7.2 -6.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -15 10.6 -2.6
XCNY SPDR S&P Emerging Markets ex-China ETF 1.8 15 65 6.5 -6.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 39 7.4 -5.9
GOEX Global X Gold Explorers ETF 1.5 65 15 1.7 -11.6
FLLA Franklin FTSE Latin America ETF 1.5 19 61 12.2 -1.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.5 88 -8 7.4 -5.8
CUT Invesco MSCI Global Timber ETF 1.4 61 19 10.2 -3.1
RNEM First Trust Emerging Markets Equity Select ETF 1.4 75 5 7.9 -5.4
FLMX Franklin FTSE Mexico ETF 1.4 19 61 9.0 -4.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.4 25 55 11.2 -2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 1.4 49 31 8.9 -4.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.3 39 41 15.0 +1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 1.3 79 1 7.4 -5.9
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 45 7.8 -5.5
BLDG Cambria Global Real Estate ETF 1.2 60 20 11.3 -2.0
VWO Vanguard FTSE Emerging Markets ETF 1.2 7 73 9.4 -3.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 48 11.7 -1.6
ROAM Hartford Multifactor Emerging Markets ETF 1.1 44 36 10.7 -2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 1.1 49 31 14.1 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 73 9.6 -3.7
FRDM Freedom 100 Emerging Markets ETF 0.9 49 31 6.3 -6.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.9 10 70 6.5 -6.8
GXC SPDR S & P China ETF 0.9 59 21 15.1 +1.8
FLTW Franklin FTSE Taiwan ETF 0.8 19 61 5.4 -7.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.8 29 51 8.2 -5.1
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 22 6.2 -7.1
NIKL Sprott Nickel Miners ETF 0.8 75 5 7.5 -5.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.8 12 68 8.2 -5.1
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 31 8.7 -4.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 50 6.8 -6.5
SGDJ Sprott Junior Gold Miners ETF 0.7 50 30 1.9 -11.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.7 45 35 1.6 -11.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.7 70 10 7.0 -6.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 22 3.9 -9.4
SCHE Schwab Emerging Markets Equity ETF 0.7 11 69 9.8 -3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 48 7.3 -6.0
FLBR Franklin FTSE Brazil ETF 0.6 19 61 14.2 +0.9
SETM Sprott Energy Transition Materials ETF 0.6 65 15 1.8 -11.5
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 11 1.8 -11.5
FTAG First Trust Indxx Global Agriculture ETF 0.5 70 10 7.9 -5.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 47 8.5 -4.8
BCOR Grayscale Bitcoin Adopters ETF 0.5 59 21 2.3 -11.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.4 41 39 5.5 -7.8
AVRE Avantis Real Estate ETF 0.4 17 63 7.1 -6.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 69 8.3 -4.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.4 39 41 8.0 -5.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 25 6.1 -7.2
BRAZ Global X Brazil Active ETF 0.4 75 5 10.9 -2.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.4 72 8 -1.3 -14.6
AFK VanEck Africa Index ETF 0.4 98 -18 11.4 -1.9
KGRN KraneShares MSCI China Clean Technology Index ETF 0.4 79 1 0.3 -12.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 44 8.4 -4.9
VSGX Vanguard ESG International Stock ETF 0.4 10 70 6.9 -6.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 51 7.2 -6.1
VXUS Vanguard Total International Stock ETF 0.4 5 75 7.0 -6.2
CGGO Capital Group Global Growth Equity ETF 0.4 47 33 3.9 -9.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 35 8.8 -4.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 32 6.3 -7.0
DFGR Dimensional Global Real Estate ETF 0.3 22 58 7.5 -5.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 61 7.8 -5.5
CGW Invesco S&P Global Water Index ETF 0.3 57 23 4.4 -8.9
SCHC Schwab International Small-Cap Equity ETF 0.3 11 69 7.0 -6.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 31 8.6 -4.7
FLCH Franklin FTSE China ETF 0.3 19 61 14.7 +1.4
SOCL Global X Social Media ETF 0.3 65 15 9.3 -4.0
CQQQ Invesco China Technology ETF 0.3 70 10 13.3 +0.0
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 18 3.1 -10.1
JETS U.S. Global Jets ETF 0.3 60 20 2.2 -11.1
VYMI Vanguard International High Dividend Yield ETF 0.3 17 63 8.4 -4.9
OTGL OTG Latin America ETF 0.3 269 -189 7.5 -5.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 41 5.5 -7.8
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.2 61 19 2.0 -11.3
NERD Roundhill Video Games ETF 0.2 50 30 6.2 -7.1
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.2 61 19 -0.6 -13.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 65 6.8 -6.4
GINN Goldman Sachs Innovate Equity ETF 0.2 52 28 3.3 -10.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 65 8.8 -4.4
AQWA Global X Clean Water ETF 0.2 50 30 4.7 -8.5
XCEM Columbia EM Core ex-China ETF 0.2 16 64 6.8 -6.5
TBLU Tortoise Global Water ESG ETF 0.2 40 40 4.4 -8.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 76 7.1 -6.2
HERO Global X Video Games & Esports ETF 0.2 50 30 4.3 -9.0
BJK VanEck Gaming ETF 0.2 65 15 3.7 -9.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 50 7.8 -5.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 31 6.4 -6.9
ARVR First Trust Indxx Metaverse ETF 0.1 70 10 3.6 -9.7
FINX Global X FinTech ETF 0.1 68 12 2.6 -10.7
IPKW Invesco International BuyBack Achievers ETF 0.1 55 25 8.1 -5.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 56 6.7 -6.6
PBD Invesco Global Clean Energy ETF 0.1 75 5 0.7 -12.6
EV Mast Global Battery Recycling & Production ETF 0.1 65 15 7.2 -6.1
VT Vanguard Total World Stock ETF 0.1 6 74 5.2 -8.1
CHPX Global X AI Semiconductor & Quantum ETF 0.1 50 30 2.7 -10.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 14 8.1 -5.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 71 5.0 -8.3
SHLD Global X Defense Tech ETF 0.1 50 30 2.8 -10.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 62 6.7 -6.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.1 30 50 8.5 -4.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 34 8.8 -4.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 41 7.0 -6.3
IGPT Invesco AI and Next Gen Software ETF 0.1 60 20 3.5 -9.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 33 5.7 -7.6
EPI WisdomTree India Earnings Fund 0.1 85 -5 4.3 -9.0
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -9 4.3 -9.0
PATN Pacer Nasdaq International Patent Leaders ETF 0.1 65 15 4.9 -8.4
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 20 4.1 -9.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 50 6.2 -7.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 39 6.7 -6.6
DEW WisdomTree Global High Dividend Fund 0.1 58 22 7.8 -5.5
VGK Vanguard FTSE Europe ETF 0.0 6 74 6.5 -6.7
SPEU SPDR Portfolio Europe ETF 0.0 7 73 6.5 -6.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 50 6.7 -6.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 55 8.5 -4.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 77 6.3 -7.0
ECON Columbia Emerging Markets Consumer ETF 0.0 49 31 10.4 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 35 7.7 -5.5
VPL Vanguard FTSE Pacific ETF 0.0 7 73 6.1 -7.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 First Trust Emerging Markets Small Cap AlphaDEX Fund
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 13.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 13.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.