EMDV
ProShares MSCI Emerging Markets Dividend Growers ETF
The MSCI Emerging Markets Dividend Growers ETF tracks an index composed of companies that are current members of the MSCI Emerging Markets Index and have increased dividends every year for at least 7 years.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
8.1 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 25, 2016 |
| Assets (mns) | $8 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| INFOSYS TECHNOLOGIES-SP ADR | 2.6 % |
| CHINA NATIONAL NUCLEAR POWER CO., LTD. C | 2.5 % |
| YUHAN CORPORATION | 2.4 % |
| LARSEN & TOUBRO INFOTECH LTD | 2.4 % |
| HINDUSTAN UNILEVER LIMITED | 2.3 % |
| ITC LTD | 2.2 % |
| ASTRAL POLY TECHNIK LIMITED | 2.2 % |
| MPHASIS LIMITED | 2.1 % |
| WEG SA | 2.1 % |
| IND & COMM BK OF CHINA - A | 2.1 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 184 |
| Wgt avg mkt cap (mns) | $47,789 |
| Large cap (>$10bn) | 52.1% |
| Mid cap ($2-10bn) | 47.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 9.4% |
| Emerging mkts. | 90.6% |
Country Exposure
 |
CHINA | 39.8 % |
 |
INDIA | 21.5 % |
 |
SOUTH KOREA | 8.0 % |
 |
TAIWAN | 5.5 % |
 |
BRAZIL | 3.7 % |
 |
MEXICO | 3.5 % |
 |
HONG KONG | 3.4 % |
 |
PHILIPPINES | 1.9 % |
 |
SAUDI ARABIA | 1.9 % |
 |
GREECE | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.3% | 12.8% | 10.6% | -5.0% | -2.0% | -- | 4.0% | Volatility | 16.8% | 16.3% | 15.7% | 17.0% | 20.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 24% |
| MSCI EAFE | 0.74 | 50% |
| MSCI Emg Mkts | 0.99 | 86% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.55% |
| ADV of underlying (mns) | $6,286 |
Technical Indicators
| Recent close | $44.02 |
| 30d moving avg. | $46.35 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 2.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMDV |
Expenses vs. EMDV |
ALTAR Score™ vs. EMDV |
|---|---|---|---|---|
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 13.4% | -5 bp | -1.2% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 13.4% | +10 bp | -0.8% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 11.5% | +5 bp | -1.7% |
| CNYA | iShares MSCI China A ETF | 10.4% | 0 bp | -1.6% |
Risk and Returns: EMDV 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.
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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
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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 11/22/2024
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
EMDV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
EMDV
9.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. EMDV's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places EMDV in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMDVSELL
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 |
| EMDV (60 bp) Percentile rank | 44 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMDV | 60.0 | 55.3 | 115.3 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .