---
ticker: "FEMS"
name: "First Trust Emerging Markets Small Cap AlphaDEX Fund"
url: "https://etf.net/etf/FEMS"
grade: "D"
score: 34
graded_at: "2026-10-12"
category: "Emerging Markets Multifactor"
category_rank: "17 of 20"
methodology: "https://etf.net/methodology"
---

# FEMS: First Trust Emerging Markets Small Cap AlphaDEX Fund

Grade **D**, Score 34 of 100. Rank 17 of 20 in Emerging Markets Multifactor.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 3 | 19 of 20 |
| Mission | Not scored | — |
| Risk | 35 | 18 of 19 |
| Tradability | 67 | 5 of 20 |
| Holdings | 64 | 8 of 20 |
| Durability | 66 | 5 of 20 |

## Top holdings

The fund holds 203 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 6213.TW | ITEQ Corporation | 4.17% |
| 2 | — | Chilean Peso | 2.52% |
| 3 | 3026.TW | Holy Stone Enterprise Co., Ltd. | 1.96% |
| 4 | 8996.TW | Kaori Heat Treatment Co., Ltd. | 1.56% |
| 5 | 8150.TW | ChipMOS TECHNOLOGIES INC. | 1.47% |
| 6 | 8021.TW | Topoint Technology Co., Ltd. | 1.41% |
| 7 | — | Reysas Gayrimenkul Yatirim Otakligi AS | 1.18% |
| 8 | IRPC.BK | IRPC Pcl | 1.12% |
| 9 | CEAB3.SA | C&A Modas Ltda. | 1.09% |
| 10 | RCL.BK | Regional Container Lines Pcl | 1.08% |
| 11 | 6949.TW | Pell Bio-Med Technology Co., Ltd. | 1.03% |
| 12 | VAMO3.SA | Vamos Locacao de Caminhoes, Maquinas e Equipamentos S.A. | 1.03% |
| 13 | 2489.TW | AmTRAN Technology Co., Ltd. | 1.01% |
| 14 | JHSF3.SA | JHSF Participacoes SA | 1.00% |
| 15 | GRND3.SA | Grendene SA | 0.99% |
| 16 | NEXA | Nexa Resources SA | 0.97% |
| 17 | 2915.TW | Ruentex Industries Limited | 0.97% |
| 18 | TBBB | BBB Foods Inc. (Class A) | 0.96% |
| 19 | POMO4.SA | Marcopolo SA (Preference) | 0.95% |
| 20 | TOP.BK | Thai Oil Pcl | 0.93% |
| 21 | RECV3.SA | PetroReconcavo SA | 0.92% |
| 22 | HYP.JO | Hyprop Investments Limited | 0.89% |
| 23 | 8039.TW | Taiflex Scientific Co., Ltd. | 0.88% |
| 24 | LIGT3.SA | Light S.A. | 0.85% |
| 25 | 2467.TW | C Sun Manufacturing Ltd. | 0.84% |
| 26 | LHC.JO | Life Healthcare Group Holdings Limited | 0.84% |
| 27 | EUPWR.IS | Europower Enerji ve Otomasyon Teknolojileri Sanayi ve Ticaret AS | 0.83% |
| 28 | LREN3.SA | Lojas Renner S.A. | 0.83% |
| 29 | 2498.TW | HTC Corporation | 0.82% |
| 30 | SOKM.IS | Sok Marketler Ticaret AS | 0.82% |

Source: etf.net, https://etf.net/etf/FEMS. Please cite the page URL.