EQLT
iShares MSCI Emerging Markets Quality Factor ETF
The iShares MSCI Emerging Markets Quality Factor ETF seeks to track the investment results of an index composed of emerging market companies that exhibit positive quality characteristics, such as higher return on equity, stable year-over-year earnings growth, and low financial leverage.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
7.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 04, 2024 |
| Assets (mns) | $8 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 6.6 % |
| TENCENT HOLDINGS LTD | 5.3 % |
| ALIBABA GROUP HOLDING LTD. | 4.1 % |
| RELIANCE INDUSTRIES LTD | 4.1 % |
| SAMSUNG ELECTRONICS CO LTD | 3.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.6 % |
| ICICI BANK LTD | 2.5 % |
| INFOSYS TECHNOLOGIES LTD | 2.4 % |
| NOVATEK MICROELECTRONICS LTD | 1.5 % |
| BANK CENTRAL ASIA PT | 1.5 % |
Constituent Breakdown
| Number of holdings | 303 |
| Herfindahl-Hirschman Index | 172 |
| Wgt avg mkt cap (mns) | $159,449 |
| Large cap (>$10bn) | 78.0% |
| Mid cap ($2-10bn) | 20.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 5.7% |
| Emerging mkts. | 94.3% |
Country Exposure
 |
CHINA | 23.7 % |
 |
INDIA | 23.2 % |
 |
TAIWAN | 13.6 % |
 |
SOUTH KOREA | 6.8 % |
 |
SAUDI ARABIA | 5.4 % |
 |
BRAZIL | 4.9 % |
 |
SOUTH AFRICA | 4.5 % |
 |
INDONESIA | 3.1 % |
 |
MEXICO | 2.2 % |
 |
THAILAND | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $19,974 |
Technical Indicators
| Recent close | $23.96 |
| 30d moving avg. | $25.26 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EQLT |
Expenses vs. EQLT |
ALTAR Score™ vs. EQLT |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 45.0% | +34 bp | -0.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 44.1% | +14 bp | -0.9% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 43.8% | -5 bp | -0.1% |
| LDEM | iShares ESG MSCI EM Leaders ETF | 43.5% | -18 bp | +0.2% |
| QEMM | SPDR MSCI Emerging Markets StrategicFactors ETF | 43.1% | -5 bp | +0.8% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 42.8% | -2 bp | +0.8% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 41.8% | +31 bp | +2.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 41.6% | -20 bp | -0.1% |
| STXE | Strive Emerging Markets Ex-China ETF | 41.6% | -3 bp | -0.4% |
| EMGF | iShares Emerging Markets Equity Factor ETF | 41.5% | -10 bp | +1.1% |
Risk and Returns: EQLT 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 11/14/2024
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
EQLT
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™
EQLT
7.4%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EQLT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places EQLT in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EQLTSELL
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 |
| EQLT (35 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EQLT | 35.0 | 0.0 | 35 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .