LDEM

iShares ESG MSCI EM Leaders ETF

LDEM tracks a tier-weighted index composed of emerging market large- and midcap stocks with high environmental, social, and governance traits relative to their sector peers.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

27.0 M

ASSETS UNDER MGMT

17 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateFeb 05, 2020
Assets (mns)$27
Expense ratio17 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionPrinciples-based
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TENCENT HOLDINGS LTD 4.7 %
ALIBABA GROUP HOLDING LTD. 4.4 %
TAIWAN SEMICONDUCTOR MANUFAC 4.0 %
HDFC BANK LIMITED 3.6 %
RELIANCE INDUSTRIES LTD 2.6 %
CHINA CONSTRUCTION BANK-H 2.3 %
MEDIATEK INC 1.7 %
BHARTI AIRTEL LIMITED 1.6 %
BYD CO LTD-H 1.6 %
INFOSYS TECHNOLOGIES LTD 1.6 %
Constituent Breakdown
Number of holdings452
Herfindahl-Hirschman Index 120
Wgt avg mkt cap (mns)$137,257
Large cap (>$10bn)79.4%
Mid cap ($2-10bn)20.2%
Small cap (<$2bn)0.1%
Developed mkts.3.7%
Emerging mkts.96.3%
Country Exposure
CHINA 26.0 %
INDIA 19.7 %
TAIWAN 12.9 %
SOUTH KOREA 5.8 %
SOUTH AFRICA 4.5 %
BRAZIL 3.3 %
SAUDI ARABIA 3.0 %
HONG KONG 2.6 %
MEXICO 2.5 %
MALAYSIA 2.4 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 5.5% 10.7% 4.6% -4.7% 0.1% -- -- -1.9%
Dividend Yield 1.9% 1.4% 0.2% 3.8% 7.0% -- -- 4.6%
Total Returns 7.4% 12.0% 4.8% -0.9% 7.0% -- -- 2.6%
Ann. Volatility 15.3% 15.8% 15.8% 19.5% 21.1% -- -- 21.1%
Market Correlations
versus...BetaR-squared
S&P 5000.6938%
MSCI EAFE0.9064%
MSCI Emg Mkts1.1198%
Liquidity Measures
Avg. volume (000)2
Turnover0.4%
Avg. Bid/Ask (% of price)0.33%
ADV of underlying (mns)$18,285
Technical Indicators
Recent close$49.01
30d moving avg.$48.07
Annualized volatility19.5%
Relative strength (RSI)49
Short interest (ETF)0.2%
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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Risk and Returns: LDEM vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 4/24/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LDEM



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

LDEM

13.8%

Cat. Avg

10.2%


ALTAR Score™ Calculation

Category Overview
There are 150 funds in the Emerging Equity category, with an average ALTAR Score™ of 10.2% and a standard deviation of 4.0%. LDEM's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places LDEM in the 82nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

LDEM
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
LDEM (17 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)
LDEM 17.0 33.2 50.2
Peer Avg. 48.7 41.5 90.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .