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First Trust RiverFront Dynamic Emerging Markets (RFEM)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.95 % · ISIN US33739P7078
Price history (since 2016)
Monthly close since 2016. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | 14.3 % | +12.2 % | 72 |
| Samsung Electronics Co Ltd SSNLF | 7.9 % | n/a | n/a |
| SK Hynix Inc 000660 | 3.7 % | +10.0 % | 68 |
| Unimicron Technology Corp 3037 | 2.4 % | +107.4 % | 52 |
| Lenovo Group 0992 | 1.9 % | +11.0 % | 47 |
| Jentech Precision Industrial Co Ltd 3653 | 1.8 % | −73.5 % | 71 |
| Industrial and Commercial Bank of China 1398 | 1.8 % | n/a | n/a |
| MediaTek Inc 2454 | 1.6 % | −29.8 % | 79 |
| Bank of Communications Co Ltd 3328 | 1.6 % | n/a | n/a |
| Kia Corp 000270 | 1.5 % | +63.7 % | 58 |
| Kasikornbank Public Company Limited KBANK | 1.4 % | −4.9 % | 67 |
| International Container Terminal Services Inc ICT | 1.3 % | −81.5 % | 65 |
| Nan Ya Printed Circuit Board Corp 8046 | 1.1 % | +17.3 % | 69 |
| The Federal Bank Limited FEDERALBNK | 1.0 % | −54.2 % | 47 |
| Banco de Chile CHILE | 1.0 % | n/a | n/a |
| Meritz Financi 138040 | 1.0 % | −58.4 % | 37 |
| Global Unichip Corp 3443 | 1.0 % | −11.3 % | 62 |
| Chang Hwa Commercial Bank Ltd 2801 | 1.0 % | −42.0 % | 35 |
| Petróleo Brasileiro S.A. - Petrobras PETR3 | 1.0 % | n/a | n/a |
| WuXi AppTec Co Ltd H 2359 | 0.9 % | n/a | n/a |
| Turkiye Petrol Rafinerileri AS TUPRS | 0.9 % | −37.5 % | 52 |
| Advantech Co Ltd 2395 | 0.9 % | −32.1 % | 75 |
| Realtek Semiconductor Corp 2379 | 0.9 % | +5.5 % | 74 |
| Fleury S.A. FLRY3 | 0.9 % | −1.7 % | 47 |
| China Development Financial Holding Corp 2883 | 0.8 % | −52.5 % | 37 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about RFEM
Is RFEM overvalued?
What is the fair value of RFEM?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of RFEM?
What is the expense ratio of RFEM?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust RiverFront Dynamic Emerging Markets ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.