EMDM
First Trust Bloomberg Emerging Market Democracies ETF
EMDM follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
7.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2023 |
| Assets (mns) | $7 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| NASPERS LTD-N SHS | 6.3 % |
| SAMSUNG ELECTRONICS CO LTD | 6.2 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 4.1 % |
| FIRSTRAND LTD | 3.6 % |
| AMERICA MOVIL, S.A.B. DE C.V. (CLASS B) | 3.5 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.4 % |
| RELIANCE INDUSTRIES LTD | 3.0 % |
| PKO BANK POLSKI SA | 2.8 % |
| STANDARD BANK GROUP LTD | 2.8 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 338 |
| Wgt avg mkt cap (mns) | $145,414 |
| Large cap (>$10bn) | 93.3% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 16.6 % |
 |
TAIWAN | 16.4 % |
 |
SOUTH AFRICA | 15.3 % |
 |
SOUTH KOREA | 13.2 % |
 |
BRAZIL | 13.1 % |
 |
MEXICO | 12.0 % |
 |
POLAND | 6.0 % |
 |
HUNGARY | 2.6 % |
 |
PHILIPPINES | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.3% | 4.1% | -- | -- | -- | -- | 7.7% | Volatility | 16.2% | 16.4% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 46% |
| MSCI EAFE | 0.84 | 59% |
| MSCI Emg Mkts | 1.04 | 79% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $7,535 |
Technical Indicators
| Recent close | $20.57 |
| 30d moving avg. | $22.20 |
| Annualized volatility | 15.9% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMDM |
Expenses vs. EMDM |
ALTAR Score™ vs. EMDM |
|---|---|---|---|---|
| STXE | Strive Emerging Markets Ex-China ETF | 51.4% | -43 bp | -1.3% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 46.7% | -51 bp | +1.2% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 45.2% | -50 bp | -1.8% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 42.2% | 0 bp | +0.4% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 42.1% | -43 bp | -2.6% |
| XCEM | Columbia EM Core ex-China ETF | 40.4% | -59 bp | -0.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 38.4% | -26 bp | -1.9% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 38.1% | -60 bp | +1.9% |
| ECON | Columbia Emerging Markets Consumer ETF | 37.9% | -26 bp | -1.2% |
| EEM | iShares MSCI Emerging Markets ETF | 37.3% | -6 bp | -1.6% |
Risk and Returns: EMDM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EMDM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EMDM
8.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EMDM's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EMDM in the 57th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMDMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EMDM (75 bp) Percentile rank | 64 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMDM | 75.0 | 30.5 | 105.5 |
| Peer Avg. | 64.9 | 45.4 | 110.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .