FEEM
FlexShares ESG & Climate Emerging Markets Core Index ETF
FEEM tracks a principles-based index of large-cap companies in emerging markets that exhibit positive environmental, social, and corporate governance (ESG) characteristics. A proprietary ESG scoring system is used to select and weight holdings.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
4.6 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
Fund sponsor | Northern Trust |
Category | Emerging |
Asset class | Equity |
Website | link... |
Inception date | Apr 20, 2022 |
Assets (mns) | $5 |
Expense ratio | 18 bp |
Currency | CAD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Principles-based |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC | 11.1 % |
ALIBABA GROUP HOLDING LTD. SPONSORED ADR | 3.6 % |
SAMSUNG ELECTRONICS CO LTD | 3.1 % |
INFOSYS TECHNOLOGIES LTD | 1.9 % |
RELIANCE INDS-SPONS GDR 144A | 1.8 % |
MEITUAN DIANPING | 1.8 % |
HYNIX SEMICONDUCTOR INC | 1.6 % |
BHARTI AIRTEL LIMITED | 1.6 % |
HON HAI PRECISION INDUSTRY | 1.4 % |
CATHAY FINANCIAL HOLDING CO | 1.3 % |
Constituent Breakdown
Number of holdings | 268 |
Herfindahl-Hirschman Index | 207 |
Wgt avg mkt cap (mns) | $140,733 |
Large cap (>$10bn) | 83.0% |
Mid cap ($2-10bn) | 16.9% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 7.8% |
Emerging mkts. | 92.2% |
Country Exposure
TAIWAN | 22.6 % | |
INDIA | 20.4 % | |
CHINA | 17.0 % | |
SOUTH KOREA | 14.0 % | |
BRAZIL | 4.9 % | |
SOUTH AFRICA | 4.1 % | |
MEXICO | 2.1 % | |
MALAYSIA | 2.1 % | |
SAUDI ARABIA | 2.0 % | |
HONG KONG | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 14.2% | 14.9% | 16.5% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.99 | 58% |
MSCI EAFE | 1.12 | 81% |
MSCI Emg Mkts | 1.10 | 102% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $14,672 |
Technical Indicators
Recent close | $46.28 |
30d moving avg. | $47.05 |
Annualized volatility | 23.2% |
Relative strength (RSI) | 49 |
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. FEEM |
Expenses vs. FEEM |
ALTAR Score™ vs. FEEM |
---|---|---|---|---|
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 46.5% | -3 bp | +4.0% |
ESGE | iShares ESG Aware MSCI EM ETF | 42.2% | +7 bp | +0.1% |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 42.1% | +6 bp | +2.6% |
NUEM | Nuveen ESG Emerging Markets Equity ETF | 40.0% | +18 bp | -0.5% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 39.1% | +12 bp | +0.4% |
ECON | Columbia Emerging Markets Consumer ETF | 37.8% | +31 bp | +0.3% |
STXE | Strive Emerging Markets Ex-China ETF | 37.7% | +14 bp | +0.1% |
BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 37.7% | -3 bp | +0.3% |
XC | WisdomTree Emerging Markets Ex-China Fund | 37.3% | +14 bp | -1.1% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 37.3% | +48 bp | +3.1% |
Risk and Returns: FEEM 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 4/23/2024
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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
FEEM
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™
FEEM
7.0%
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%. FEEM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places FEEM in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FEEMSELL
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 |
FEEM (18 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
FEEM | 18.0 | 15.2 | 33.2 |
Peer Avg. | 47.6 | 37.7 | 85.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .