EMGF
iShares Emerging Markets Equity Factor ETF
The iShares Edge MSCI Multifactor Emerging Markets ETF tracks an index of large- and midcap emerging market firms. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics to the MSCI Emerging Markets Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
706.1 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2015 |
| Assets (mns) | $706 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 9.1 % |
| TENCENT HOLDINGS LTD | 3.7 % |
| SAMSUNG ELECTRONICS CO LTD | 2.5 % |
| RELIANCE INDUSTRIES LTD | 2.0 % |
| ALIBABA GROUP HOLDING LTD. | 2.0 % |
| MEITUAN DIANPING | 1.6 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.3 % |
| INFOSYS TECHNOLOGIES LTD | 1.2 % |
| TATA CONSULTANCY SVS LTD | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
Constituent Breakdown
| Number of holdings | 586 |
| Herfindahl-Hirschman Index | 138 |
| Wgt avg mkt cap (mns) | $145,442 |
| Large cap (>$10bn) | 70.8% |
| Mid cap ($2-10bn) | 27.1% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 6.1% |
| Emerging mkts. | 93.9% |
Country Exposure
 |
CHINA | 22.3 % |
 |
INDIA | 20.2 % |
 |
TAIWAN | 18.4 % |
 |
SOUTH KOREA | 10.3 % |
 |
BRAZIL | 4.0 % |
 |
SAUDI ARABIA | 2.2 % |
 |
SOUTH AFRICA | 2.0 % |
 |
UAE | 1.8 % |
 |
INDONESIA | 1.5 % |
 |
MEXICO | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.6% | 25.4% | 16.6% | 1.2% | 5.4% | -- | 6.9% | Volatility | 15.2% | 15.0% | 15.2% | 16.7% | 20.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 53% |
| MSCI EAFE | 0.78 | 69% |
| MSCI Emg Mkts | 0.94 | 98% |
Liquidity Measures
| Avg. volume (000) | 88 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $25,353 |
Technical Indicators
| Recent close | $47.07 |
| 30d moving avg. | $49.52 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.5% |
| 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. EMGF |
Expenses vs. EMGF |
ALTAR Score™ vs. EMGF |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 57.7% | +44 bp | -1.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 55.1% | -10 bp | -1.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 55.1% | +24 bp | -2.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 54.6% | +41 bp | +1.5% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 54.5% | +20 bp | +2.5% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 54.2% | +5 bp | -1.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 53.8% | -14 bp | -0.1% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 53.6% | +45 bp | -2.3% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 53.5% | -16 bp | -1.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 53.3% | +11 bp | -0.7% |
Risk and Returns: EMGF 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
EMGF
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
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™
EMGF
8.5%
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%. EMGF's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EMGF in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMGFSELL
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 |
| EMGF (25 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMGF | 25.0 | 17.3 | 42.3 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .