First TrustInternationalEmerging#497 of 521 by YTD

First Trust Emerging Markets Small Cap AlphaDEX FundFEMS

S&P 500 Compare

$39.17+2.4%

+$0.93 · Nov 9 close

Buy

AUM: $188M
Fee: 0.80%
Yield: 4.6%

Bumpy · 1Y: 1.5×S&P
Volume: 13K
NAV: $38.42

What's insideAll 213 →

LHC.JO 1.0%6214.TW 0.9%ABOIF 0.9%TKG.JO 0.9%

52-week range21% below the high

$37.77$49.49

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+2.4%	−0.7%	−17.0%	−12.6%	−4.6%	−3.4%	+20.2%	+18.2%	+120.8%
Peer average	+2.6%	0.0%	−7.0%	−5.7%	+12.1%	+14.5%	+68.2%	+41.0%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

FEMS in One Breath

FEMS Among Emerging ETFs

YTD

#1EMEQNomura+42.3%$555M

#2FTHFFirst Trust+33.6%$130M

#3STXEStrive+26.3%$122M

#4KEMXKraneShares+25.8%$117M

#5PIEInvesco+25.6%$224M

#6EVLUiShares+24.9%$18.5M

#7EMDMFirst Trust+24.5%$39.3M

#8EMXCiShares+22.6%$24.3B

#113FEMSFirst Trust−4.6%$188M

End-of-day Nov 9, 2026 · 113 Emerging ETFs by YTD

$10,000 in FEMS

$10,000 in FEMS became

$11,816

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

FEMS’s Top Holdings

Today

LHC.JOLife Healthcare Group Limited1.0%6214.TW0.9%ABOIF0.9%TKG.JO0.9%GRND3.SA0.9%2851.TW0.9%TPE.WA0.9%ANSGR.IS0.9%RCL.BK0.9%SPRC.BK0.9%TRU.JO0.9%RECV3.SA0.9%

TechnologyConsumer CyclicalEnergyOther

First Trust FEMS · 204 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What FEMS Holds

Today

Technology17.4%

6214.TW · 3406.TW · 2451.TW

Consumer Cyclical13.5%

GRND3.SA · TRU.JO · CEAB3.SA · LREN3.SA

Industrials13.2%

POMO4.SA · 2637.TW

Basic Materials12.0%

KRDMD.IS · GOAU4.SA · TRMET.IS · 2027.TW

Utilities8.7%

ENERY.IS

Energy8.4%

SPRC.BK · RECV3.SA · ITMG.JK · ADRO.JK

Real Estate8.2%

JHSF3.SA · VKE.JO

First Trust FEMS · share of the fund by sector · as of Nov 9, 2026

Life’s Share of FEMS

Today

1.0%

$10 of every $1,000 in FEMS is Life

Life held by FEMS

$1.9M

Most Life per dollar

FEMS1.0%

First Trust FEMS · each square = $10 of $1,000 · as of Nov 9, 2026

FEMS’s Share of Emerging ETFs

Today

0.0%

of the $448B in 134 Emerging ETFs

FEMS$188M0.0%

IEMG$142B31.7%

VWO$125B28.0%

131 others$180B40.2%

Emerging ETF AUM · Nov 9, 2026

FEMS Fee per $100 vs Peers

Today

$0.80a year
per $100

$80 a year on $10,000

VWO$0.06

IEMG$0.09

EMXC$0.25

AVEM$0.33

EEM$0.72

FEMS$0.80

Expense ratio · Emerging peers · Nov 9, 2026

Inside FEMS

204 holdings · as of Nov 9, 2026

FEMS

First Trust Emerging Markets Small Cap AlphaDEX Fund

Today

Technology17.4%Consumer Cyclical13.5%TRU.JIndustrials13.2%Basic Materials12.0%Utilities8.7%Energy8.4%SPRC.ITMG.Real Estate8.2%Consumer Defensive6.8%Financial Services6.3%Communication Services2.8%Other42.3%LHC.JOABOIFTKG.JOTPE.WARCL.BKSOKM.BCP.BTKIM.47 more holdings30.1% of the fund

Technology17.4%Consumer Cyclical13.5%Industrials13.2%Basic Materials12.0%Utilities8.7%Energy8.4%Real Estate8.2%Consumer Defensive6.8%Financial Services6.3%Other42.3%LHC.JABOIFTKG.JTPE.WRCL.B55 more holdings36.8% of the fund

#	Ticker	Company	Weight ▼
1	LHC.JO	Life Healthcare Group Limited	1.03%
2	6214.TW	Systex	0.94%
3	ABOIF	Aboitiz Equity Ventures	0.94%
4	TKG.JO	Telkom SOC Limited	0.91%
5	GRND3.SA	Grendene	0.91%
6	2851.TW	Central Reinsurance	0.91%
7	TPE.WA	TAURON Polska Energia	0.90%
8	ANSGR.IS	Anadolu Anonim Tuerk Sigorta Sirketi	0.90%
9	RCL.BK	Regional Container Lines Pcl	0.89%
10	SPRC.BK	Star Petroleum Refining Pcl	0.89%

See all 213 holdings ↓

TechnologyConsumer CyclicalIndustrialsBasic MaterialsUtilitiesEnergyReal EstateConsumer DefensiveFinancial ServicesCommunication ServicesHealthcareOther

First Trust FEMS · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 17.6%

All FEMS Holdings

213 holdings · as of Nov 9, 2026

FEMS

FEMS’ Holdings

Today

#
1	—Cupid Limited	—	1.08%	$107.60	572K	$2.1M
2	LHC.JOLife Healthcare Group Limited	—	1.03%	$102.85	2.5M	$2.0M
3	—Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S	—	1.00%	$100.49	2.1M	$1.9M
4	—Vitrox Bhd	—	0.98%	$97.59	751K	$1.9M
5	—Reysas Gayrimenkul Yatirim Otakligi AS	—	0.95%	$94.87	1.9M	$1.8M
6	6214.TWSystex	Technology	0.94%	$94.48	309K	$1.8M
7	ABOIFAboitiz Equity Ventures	—	0.94%	$94.47	3.0M	$1.8M
8	TKG.JOTelkom SOC Limited	—	0.91%	$91.35	459K	$1.8M
9	GRND3.SAGrendene	Consumer Cyclical	0.91%	$91.33	2.5M	$1.8M
10	2851.TWCentral Reinsurance	Financial Services	0.91%	$91.04	1.2M	$1.7M
11	TPE.WATAURON Polska Energia	—	0.90%	$90.41	760K	$1.7M
12	—La Comer, B. de C.V	—	0.90%	$89.81	1.0M	$1.7M
13	ANSGR.ISAnadolu Anonim Tuerk Sigorta Sirketi	—	0.90%	$89.80	3.8M	$1.7M
14	—Mi Technovation Berhad	—	0.90%	$89.70	1.1M	$1.7M
15	RCL.BKRegional Container Lines Pcl	—	0.89%	$89.32	1.4M	$1.7M

First Trust FEMS · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

FEMS

First Trust Emerging Markets Small Cap AlphaDEX Fund’s Peers

YTD


IEMG	iSharesRead Desk	0.09%	+11.4%	+12.8%	$142.1B
VWO	VanguardRead Desk	0.06%	+5.6%	+6.1%	$125.4B
EEM	iSharesRead Desk	0.72%	+12.3%	+13.9%	$27.5B
AVEM	AvantisRead Desk	0.33%	+12.7%	+14.9%	$26.2B
EMXC	iSharesRead Desk	0.25%	+22.6%	+27.6%	$24.3B
FEMS	First TrustThis fundRead Desk	0.80%	−4.6%	−3.4%	$188M

Emerging peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put FEMS head to head with IEMG →

IEMG vs FEMS

YTD

IEMGiShares · EmergingFEMSFirst Trust · Emerging

Year to date

+11.4%

−4.6%

IEMG wins+16.0 pts

Past year

+12.8%

−3.4%

IEMG wins+16.2 pts

Fee

0.09%

0.80%

IEMG winslower fee

Yield

2.4%

4.6%

FEMS wins+2.2 pts

AUM

$142B

$188M

IEMG754.8× more

3–1IEMG wins

iShares IEMG and First Trust FEMS · year-to-date · as of Nov 10, 2026 · AUM not scored

FEMS vs VOO

YTD

FEMS · First Trust Emerging Markets Small Cap AlphaDEX Fund

−4.6%

VOO · S&P 500

+11.3%

Gap

15.9 pts

First Trust FEMS and Vanguard VOO · YTD total return · as of Nov 10, 2026

FEMS vs Its Peer Average

YTD

FEMSAvsBPeer average

1D+2.4%+2.6%

1M−17.0%−7.0%

3M−12.6%−5.7%

YTD−4.6%+12.1%

1Y−3.4%+14.5%

3Y+20.2%+68.2%

5Y+18.2%+41.0%

0–7Peer average wins

133 Emerging peers · each row scaled to its leader

How Bumpy Is FEMS?

View

FEMS

How Bumpy

1.5×the S&P 500’s swings

CalmerBumpierS&P 1×FEMS

Calm rank among 7 emerging funds#3

Other emerging funds1.3× to 2.2×

First Trust FEMS · daily swings over the past year vs the S&P 500

FEMS

Worst Drop

−21.5%from its May 6 high

Still below the high−19.0%

$10,000 at the high is now$8,100

First Trust FEMS · fall from the highest close, past year

FEMS

On a Bad Day

1.1×the S&P 500’s fall

FEMS’s worst day: Monday, Oct 26

FEMS

−6.0%

S&P 500

0.7%

Up days51 of every 100

S&P 500 up days52 of every 100

First Trust FEMS · average move on days the S&P 500 fell

FEMS

Return for the Bumps

1Y#7 of 7 emerging funds

#1EMXCiShares

most for the bumps

#2AVEMAvantis

#3EEMiShares

#4IEMGiShares

#5SPEMSPDR

#6VWOVanguard

calmest ride

#7FEMSFirst Trust

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

FEMS

Cost

Today

$80a year per $10,000

VWO

SPEM

IEMG

EMXC

$25

AVEM

$33

EEM

$72

FEMS

$80

Expense ratio 0.80%, taken from the fund’s value

FEMS

Volatility & Beta

19.9%annual volatility

S&P 500 volatility13.7%

Downside volatility14.9%

Beta vs SPY0.96

Correlation vs SPY0.66

Lowest beta of 7 emerging fundsFEMS

Daily total returns × √252 · past 254 trading days

FEMS

Max Drawdown

−21.5%peak to trough

Peak closeMay 6, 2026

Current drawdown−19.0%

Worst day−6.00% · Oct 26

Closing prices, dividends in

FEMS

Up / Down Capture

107%down capture vs SPY

Down days

107%

Up days

91%

S&P 500

100%

Up ÷ down capture0.85

Up days50.8% (S&P 52.4%)

Average daily move on SPY up days and down days

FEMS

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
EMXC	0.76	1.06	30.6%	−22.1%	1.71	$25
AVEM	0.45	0.62	25.4%	−17.7%	1.46	$33
EEM	0.38	0.53	26.3%	−18.5%	1.49	$72
IEMG	0.36	0.49	25.5%	−17.8%	1.46	$9
SPEM	0.22	0.31	18.3%	−11.4%	1.10	$7
VWO	0.15	0.22	18.1%	−11.5%	1.09	$6
FEMS	−0.32	−0.43	19.9%	−21.5%	0.96	$80

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

FEMS

Trading

Today

[…]premium / discount: the NAV on file is from an earlier day

Close$39.17

NAV$38.42

Fee per $10,000$80 a year

Avg. volume 30D31K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

FEMS

Fund Facts

Today

2012launched Feb 15

Tracks[…]

Exchange · CUSIPNASDAQ · 33737J307

StructureETF

Leverage1x

Cost on $10,000$80 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust FEMS · fund facts · as of Nov 10, 2026

FEMS

Payouts by Year

13Y

$0.40per share, Sep 2026

Distribution yield4.6%

PaidEvery quarter

Latest ex-date · paidSep 24 · Sep 30, 2026

12 payouts added up$4.81 a share

First Trust FEMS · distributions by ex-date · 2014–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$38.42

Premium / discount[…]

Median spread · 30D[…]

Volume today13K

Average volume · 30D31K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.80%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$80.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 24, 2026	Sep 30, 2026	$0.40
Jun 25, 2026	Jun 30, 2026	$0.45
Mar 26, 2026	Mar 31, 2026	$0.30
Dec 12, 2025	Dec 31, 2025	$0.65
Sep 25, 2025	Sep 30, 2025	$0.53
Jun 26, 2025	Jun 30, 2025	$0.52
Mar 27, 2025	Mar 31, 2025	$0.0936
Dec 13, 2024	Dec 31, 2024	$0.45
Sep 26, 2024	Sep 30, 2024	$0.34
Jun 27, 2024	Jun 28, 2024	$0.54
Mar 21, 2024	Mar 28, 2024	$0.17
Dec 22, 2023	Dec 29, 2023	$0.37

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