# First Trust Emerging Markets AlphaDEX UCITS ETF (FEM) **Page:** https://fundology.uk/fund/fem · ISIN IE00B8X9NX34 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, FEM (First Trust Emerging Markets AlphaDEX UCITS ETF, ISIN IE00B8X9NX34) closed at £36.40 on the London Stock Exchange. Its ongoing charge is 0.80% a year (about £80 on £10,000). Over the five years to 13/11/2026 its total return was +47.5%, or +15.2% after UK CPIH inflation. ## Summary First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD is an exchange-traded fund (ETF) from First Trust, launched in 2013. It tracks the NASDAQ AlphaDEX EM Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.8% a year — about £80 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£36.40** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | FEM | | ISIN | IE00B8X9NX34 | | Also listed as | FEMU (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | First Trust | | Tracks | NASDAQ AlphaDEX EM Index | | Income | Accumulating | | Ongoing charge | 0.80% a year (£80 per £10,000) | | Fund size | £10.9m | | Launched | 2013 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/04/2013 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +14.82% | +10.75% | income reinvested | | 3 years | +52.42% | +37.71% | income reinvested | | 5 years | +47.53% | +15.15% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund): 2022 −3.8%, 2023 +4.2%, 2024 +6.3%, 2025 +18.4%; 2026 to 13/11/2026 +14.8%. Returns of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +24.1%; to 30/09/2025: +15.2%; to 30/09/2024: +7.9%; to 30/09/2023: +7.9%; to 30/09/2022: −10.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.8% | -11.9% | Price | | 2023 | +4.2% | +0.1% | Price | | 2024 | +6.3% | +2.7% | Price | | 2025 | +18.4% | +14.3% | Price | | 2026 to 13/11/2026 | +14.8% | +11.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 17.23% | -9.92% | | 3 years | 14.03% | -15.12% | | 5 years | 15.26% | -15.12% | ## Largest fall Volatility of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds, annualised from weekly returns to 13/11/2026: 17.2% over 1 year, 14.0% over 3 years, 15.3% over 5 years. Largest fall in the price of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD since November 2021, in pounds: −15.1% from 17/05/2024 to 11/04/2025. The lowest 12-month return of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD in pounds (price, with income reinvested in the fund) since January 2021 was −10.9% (12 months to 14/10/2022); the highest was +49.7% (12 months to 10/04/2026). On 13/11/2026 the price of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD was 6.8% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD 0.80% a year. Compared on 14/11/2026, 6 of the 151 other emerging-market share funds charge more, 3 the same and 142 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.80%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of FEM?** The ongoing charge of FEM is 0.80% a year — about £80 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of First Trust Global Funds ICAV - First Trust Emerging Markets AlphaDEX UCITS ETF Accum.Shs Class A USD 0.80% a year. Compared on 14/11/2026, 6 of the 151 other emerging-market share funds charge more, 3 the same and 142 less (share classes counted once). **What does FEM track?** FEM tracks the NASDAQ AlphaDEX EM Index. **Is FEM accumulating or distributing?** FEM is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of FEM?** The ISIN of FEM is IE00B8X9NX34. An ISIN identifies one exact share class of a fund; FEM is its ticker on the London Stock Exchange. The same share class is also listed as FEMU (London Stock Exchange, US dollars). **What were FEM’s returns in each of the last five years?** Calendar-year returns of FEM in pounds (price, with income reinvested in the fund): 2022 −3.8%, 2023 +4.2%, 2024 +6.3%, 2025 +18.4%; 2026 to 13/11/2026 +14.8%. Past performance is not a guide to future returns. **How has FEM done after inflation?** Over the five years to 13/11/2026 FEM’s total return was +47.5%, or +15.2% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.