EMXC

iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

15.5 B

ASSETS UNDER MGMT

25 bp

EXPENSES
Fund Basics
Fund sponsorBlackRock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateJul 18, 2017
Assets (mns)$15,462
Expense ratio25 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 13.6 %
RELIANCE INDUSTRIES LTD 3.7 %
SAMSUNG ELECTRONICS CO LTD 3.1 %
HDFC BANK LIMITED 2.1 %
ICICI BANK LTD 1.4 %
INFOSYS TECHNOLOGIES LTD 1.3 %
HON HAI PRECISION INDUSTRY 1.2 %
HYNIX SEMICONDUCTOR INC 1.1 %
MEDIATEK INC 1.1 %
BHARTI AIRTEL LIMITED 0.9 %
Constituent Breakdown
Number of holdings687
Herfindahl-Hirschman Index 221
Wgt avg mkt cap (mns)$162,088
Large cap (>$10bn)77.7%
Mid cap ($2-10bn)21.2%
Small cap (<$2bn)0.2%
Developed mkts.1.7%
Emerging mkts.98.3%
Country Exposure
INDIA 27.6 %
TAIWAN 25.5 %
SOUTH KOREA 12.4 %
SAUDI ARABIA 5.4 %
BRAZIL 5.0 %
SOUTH AFRICA 3.1 %
MEXICO 2.2 %
MALAYSIA 2.0 %
INDONESIA 1.9 %
THAILAND 1.8 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 2.0% 8.1% 7.2% 0.6% 5.0% -- 3.6%
Volatility 14.4% 14.4% 14.2% 16.0% 21.2% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8575%
MSCI EAFE0.8777%
MSCI Emg Mkts0.8574%
Liquidity Measures
Avg. volume (000)1,613
Turnover0.6%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$20,621
Technical Indicators
Recent close$55.98
30d moving avg.$58.16
Annualized volatility17.2%
Relative strength (RSI)44
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: EMXC 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 --%
1.3 12.5 1.7 2.8% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
EMXC



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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

EMXC

6.8%

Cat. Avg

7.9%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. EMXC's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places EMXC in the 40th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

EMXC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
EMXC (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)
EMXC 25.0 3.3 28.3
Peer Avg. 47.6 37.7 85.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .