Symbols

FEMS

First Trust Emerging Markets Small Cap AlphaDEX Fund·NASDAQ

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Key Stats

Assets Under Management

251.81MUSD

Fund Flow (1Y)

-47.05MUSD

Dividend Yield

4.07%

Discount / Premium to NAV

-0.87%

Shares Outstanding

5.70M

Expense Ratio

0.80%

About First Trust Emerging Markets Small Cap AlphaDEX Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

http://www.ftportfolios.com/retail/ETF/ETFsummary.aspx?Ticker=FEMS

Inception Date

Feb 15, 2012

Structure

Open-Ended Fund

Index Tracked

NASDAQ AlphaDEX Emerging Markets Small Cap Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

FEMS tries to outperform the competition by using a multi-factor selection methodology to choose the best-performing stocks. It makes sizable country bets, notably excluding South Korea. FEMS scores each potential holding by both value (book value-to-price, cash flow-to-price and return on assets) and growth (3-, 6- and 12-month price appreciation, sales-to-price and 1-year sales growth) characteristics, then ranks stocks by whichever trait scores highest. It takes the top 200 names, broken into equal-weighted quintiles, weighting higher-scoring quintiles more heavily. The fund makes many sector bets, but those bets are liable to change with time, so its exposure bears watching.