EMMF
WisdomTree Emerging Markets Multifactor Fund
The WisdomTree Emerging Markets Multifactor Fund is an actively managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure. The fund seeks capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
35.4 M
ASSETS UNDER MGMT
48 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 10, 2018 |
| Assets (mns) | $35 |
| Expense ratio | 48 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 9.1 % |
| SAMSUNG ELECTRONICS CO LTD | 2.3 % |
| MERITZ FINANCE GROUP INC | 1.3 % |
| WIWYNN CORP. | 1.3 % |
| QUANTA COMPUTER INC | 1.3 % |
| CHINA RESOURCES POWER HOLDIN | 1.2 % |
| LITE-ON TECHNOLOGY CORP | 1.1 % |
| BANK CENTRAL ASIA PT | 1.1 % |
| FUYAO GLASS INDUSTRY GROUP CO., LTD. CLA | 1.1 % |
| PICC PROPERTY & CASUALTY -H | 1.0 % |
Constituent Breakdown
| Number of holdings | 217 |
| Herfindahl-Hirschman Index | 141 |
| Wgt avg mkt cap (mns) | $99,780 |
| Large cap (>$10bn) | 58.9% |
| Mid cap ($2-10bn) | 40.7% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 1.2% |
| Emerging mkts. | 98.8% |
Country Exposure
 |
INDIA | 26.6 % |
 |
TAIWAN | 20.5 % |
 |
SOUTH KOREA | 8.7 % |
 |
CHINA | 7.7 % |
 |
BRAZIL | 6.5 % |
 |
MALAYSIA | 5.1 % |
 |
INDONESIA | 4.1 % |
 |
SOUTH AFRICA | 3.1 % |
 |
TURKEY | 3.0 % |
 |
MEXICO | 2.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.7% | 23.9% | 19.8% | 5.2% | 6.9% | -- | 4.2% | Volatility | 11.5% | 11.3% | 11.6% | 13.4% | 17.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 60% |
| MSCI EAFE | 0.61 | 71% |
| MSCI Emg Mkts | 0.66 | 81% |
Liquidity Measures
| Avg. volume (000) | 12 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $6,829 |
Technical Indicators
| Recent close | $27.20 |
| 30d moving avg. | $28.24 |
| Annualized volatility | 12.8% |
| Relative strength (RSI) | 43 |
| 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. EMMF |
Expenses vs. EMMF |
ALTAR Score™ vs. EMMF |
|---|---|---|---|---|
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 45.0% | -16 bp | -2.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 34.1% | -24 bp | +0.4% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 32.5% | -23 bp | -2.1% |
| QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 32.1% | -8 bp | -0.4% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 31.6% | -3 bp | +2.3% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 31.4% | -4 bp | +7.0% |
| STXE | Strive Emerging Markets Ex-China ETF | 31.3% | -16 bp | -1.8% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 31.3% | -16 bp | -2.8% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 30.2% | +1 bp | -0.6% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 30.1% | -19 bp | -3.3% |
Risk and Returns: EMMF 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
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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
EMMF
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™
EMMF
8.7%
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%. EMMF's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EMMF in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMMFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| EMMF (48 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMMF | 48.0 | 29.0 | 77 |
| Peer Avg. | 62.5 | 25.9 | 88.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .