First Trust Emerging Markets Local Currency Bond ETF
FEMB
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Nov 5, 2014
- CIK
- 0001424212
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an actively managed exchange-traded fund that seeks total return by investing primarily in a broad range of local currency-denominated debt securities issued by emerging market sovereign, sub-sovereign, quasi-sovereign, and private entities; derivative instruments including forward foreign currency exchange contracts, futures, options, and swaps for hedging and investment purposes; and other fixed-income securities such as U.S. Treasury securities and money market instruments. The fund targets mid-credit quality bonds with moderate interest-rate sensitivity, holding approximately 98 positions diversified across countries including Indonesia, India, Hungary, Philippines, and South Africa, with top sectors encompassing government bonds (89.85%), government-related debt, and futures/forwards. It operates globally with a focus on emerging markets in Asia, Latin America, and other regions, available for sale in the United States, and maintains total net assets of approximately $265 million with a net expense ratio of 0.85%. FEMB was launched on November 4, 2014, and is managed by First Trust Advisors L.P. (FTA), a federally registered investment adviser founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. FTA, affiliated with First Trust Portfolios L.P., serves as the adviser, overseeing a portfolio team led by Derek Fulton and Leonardo Da Costa since inception, with Anthony Beevers joining in 2019. The ETF is part of First Trust's broader lineup of over 130 exchange-traded funds, unit investment trusts, closed-end funds, mutual funds, and separately managed accounts, targeting brokerage firms, registered investment advisors, institutions, and individual investors. In recent developments, FTA announced monthly distributions for FEMB, including $0.1425 per share in December 2025, reflecting ongoing income generation amid stable operations. FTA completed significant reorganizations in 2025, such as the June 30 merger of First Trust Specialty Finance and Financial Opportunities Fund into FT Confluence BDC & Specialty Finance Income ETF and other WCM fund integrations into First Trust products, enhancing its ETF offerings without direct impact on FEMB. These moves align with FTA's expansion of actively managed strategies and assets under management reaching approximately $268 billion as of May 2025.