First Trust Emerging Markets AlphaDEX Fund (FEM)
Third quarter gain: 17.38%
2017 gain: 34.87%
This $395 million ETF tracks a NASDAQ-created index and ranks the eligible stocks on growth factors including 3-, 6- and 12- month price appreciation, sales to price and one year sales growth, and separately on value factors including book value to price, cash flow to price and return on assets. The fund has about 55% of its assets in emerging Asia, primarily China.