First Trust Emerging Markets AlphaDEX Fund (FEM) is a emerging-markets ETF. As of October 9, 2026, ETF Copilot scores FEM 4.6 out of 10 — highest on Growth (8.2), lowest on Value (0.3). It trades at 11.4 times earnings, against its own median of 8.4. Its ten largest holdings are 19% of the fund.
What stands out in FEM's data
Emerging-market stocks screened for income potential.
Priced below the typical emerging-market fund — you pay less for each dollar of earnings.
Trailing P/E multiple of 11.4x sits below the category median of 14.1x. Its expense ratio of 0.80% is on the higher side.
A value-oriented sleeve for an emerging-market allocation, built around income.
Why did FEM move this week? It rose 1.4% in the week to October 9, 2026 — Elite Material and Gold Circuit drove it
FEM rose 1.4% in the week to October 9, 2026. The holdings that moved it most were Elite Material (+15.6%), Gold Circuit (+16.2%) and Eneva (+14.1%); Unimicron Technology (−2.7%) pushed the other way.
How is FEM rated? ETF Copilot scores First Trust Emerging Markets AlphaDEX Fund (FEM) 4.6 out of 10
As of October 9, 2026, ETF Copilot scores First Trust Emerging Markets AlphaDEX Fund (FEM) 4.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.6 / 10
- Growth: 8.2 / 10
- Value: 0.3 / 10
- Risk: 4.3 / 10
- Quality: 3.7 / 10
- Return: 4.6 / 10
Is FEM expensive right now? It trades at 11.4 times earnings, against its own median of 8.4
As of October 9, 2026, FEM is more expensive than 96% of its own last 9 years.
Trailing 12 months, built from FEM's holdings. How we calculate this →
What's inside FEM? 31% Tech
What's inside FEM: Size (Large 26%, Mid 60%, Small 13%); Geography (International 100%, US 0%); Tech 31.0%; AI 0.7%; Semiconductors 9.9%; Memory 0.9%.
What are FEM's top holdings? The ten largest are 19% of the fund
Less concentrated than 78% of Emerging Markets ETFs.
Half of FEM's weight sits in its 41 largest positions, and once those weights are taken into account it behaves like 102 equally weighted holdings.
What is FEM's expense ratio? 0.80% a year
As of October 9, 2026, FEM charges 0.80% a year, yields 2.14% and holds $815M in assets across 150 positions.
| Measure | FEM |
|---|---|
| Expense ratio | 0.80% |
| Dividend yield | 2.14% |
| Assets under management | $815M |
| Holdings | 150 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust Emerging Markets AlphaDEX Fund (FEM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/fem
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