FEMS First Trust Emerging Markets Small Cap AlphaDex ETF
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FEMS First Trust Emerging Markets Small Cap AlphaDex ETF
Seeks to track, before fees and expenses, the NASDAQ AlphaDEX Emerging Markets Small Cap Index. The Index selects stocks from the NASDAQ Emerging Markets Index that meet certain criteria. To construct the Index, Nasdaq ranks the eligible stocks on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. All stocks are ranked on the sum of ranks for the growth factors and, separately, all stocks are ranked on the sum of ranks for the value factors. A stock must have data for all growth and/or value factors to receive a rank for that style. Each stock receives the best style rank from the previous step as its selection score. The top 200 stocks based on the selection score determined in the previous step comprise the "selected stocks". The selected stocks are divided into quintiles based on their rankings and the top ranked quintiles receive a higher weight within the index. The stocks are equally weighted within each quintile. The index is reconstituted and rebalanced semi-annually.
On October 13, 2015, the fund's underlying index changed from the Defined Emerging Markets Small Cap Index to the NASDAQ AlphaDEX® Emerging Markets Small Cap Index.
$37.10 +0.13 (0.35%)
As of 03/23/2023 15:38:54 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: Global Equity
Category2: Emerging markets
Category3: Small cap
Morningstar category: Diversified Emerging Mkts
Leverage factor: 1.00
Inception date: 02/15/2012
Index tracking method: Passive replication
Current yield: 4.62%
Historical average yield: 3.62%
Market cap: $290,607,074
Average volume: 40,672
Fees: 0.8000%
Index Information
NASDAQ AlphaDEX EM Small Cap Index
Index symbol: NQDXEMSC
Provider: NASDAQ OMX
Total return index symbol: NQDXEMSCT
Index weighting: Composite scores
Index inception date: 09/08/2014
Backtesting data exists: No
Strategy: Multi-factor investing
Factors used to select securities: