First Trust Emerging Markets Small Cap AlphaDEX Fund

Frequently Asked Questions About FEMS

What does FEMS invest in?

The First Trust Emerging Markets Small Cap AlphaDEX Fund is an exchange-traded fund (ETF) designed to replicate the performance of the Nasdaq AlphaDEX Emerging Markets Small Cap Index. Its main objective is to provide investment returns, reflecting both capital gains and income, that broadly align with this equity benchmark's results, prior to factoring in the fund's specific operational costs and charges.

What is the expense ratio of FEMS?

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FEMS?

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) manages $250.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FEMS actively managed or an index fund?

FEMS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FEMS launched?

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) launched in February 2012 and is managed by First Trust.

How has FEMS performed?

FEMS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.