# First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) — Overview

FEMS · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/fems

## Price

Last close $45.20 on Oct 15, 2026. 52-week range $41.40 – $49.30.

## Fund profile

FEMS aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Feb 15, 2012 |
| Assets under management | $224.9M |
| Expense ratio | 0.80% |
| Net asset value | $45.90 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS)?

FEMS aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics.

### What is FEMS's expense ratio?

First Trust Emerging Markets Small Cap AlphaDEX Fund charges an annual expense ratio of 0.80%. The fund is issued by First Trust Advisors L.P..

### How large is FEMS?

First Trust Emerging Markets Small Cap AlphaDEX Fund manages $224.9M in assets and has traded since Feb 15, 2012.

### How do I buy shares of First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS)?

FEMS trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).