First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS)

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund in the Diversified Emerging Mkts category. It has $251.80M in assets, an expense ratio of 0.80% and a 4.25% dividend yield. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select stocks from the NASDAQ Emerging Markets Index (the "base index") that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.