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
27.3 M
ASSETS UNDER MGMT
17 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 05, 2020 |
| Assets (mns) | $27 |
| Expense ratio | 17 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALIBABA GROUP HOLDING LTD. | 6.5 % |
| TENCENT HOLDINGS LTD | 5.5 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 4.9 % |
| HDFC BANK LIMITED | 2.9 % |
| RELIANCE INDUSTRIES LTD | 2.3 % |
| CHINA CONSTRUCTION BANK-H | 2.2 % |
| INFOSYS TECHNOLOGIES LTD | 1.9 % |
| MEDIATEK INC | 1.9 % |
| JD.COM, INC. CLASS A | 1.4 % |
| IND & COMM BK OF CHINA - H | 1.3 % |
Constituent Breakdown
| Number of holdings | 468 |
| Herfindahl-Hirschman Index | 153 |
| Wgt avg mkt cap (mns) | $147,261 |
| Large cap (>$10bn) | 79.6% |
| Mid cap ($2-10bn) | 20.0% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 3.7% |
| Emerging mkts. | 96.3% |
Country Exposure
 |
CHINA | 29.4 % |
 |
INDIA | 17.8 % |
 |
TAIWAN | 14.0 % |
 |
SOUTH KOREA | 6.1 % |
 |
SOUTH AFRICA | 4.4 % |
 |
BRAZIL | 3.3 % |
 |
SAUDI ARABIA | 2.9 % |
 |
HONG KONG | 2.6 % |
 |
MALAYSIA | 2.4 % |
 |
MEXICO | 2.2 % |
Historical Performance
Standardized Performance (as of 01/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.5% | 12.0% | 1.0% | -4.5% | -- | -- | -0.1% | Volatility | 14.1% | 15.6% | 15.8% | 19.5% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.75 | 43% |
| MSCI EAFE | 0.91 | 64% |
| MSCI Emg Mkts | 1.11 | 98% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $18,285 |
Technical Indicators
| Recent close | $49.55 |
| 30d moving avg. | $46.25 |
| Annualized volatility | 19.6% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.1% |
| 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. LDEM |
Expenses vs. LDEM |
ALTAR Score™ vs. LDEM |
|---|---|---|---|---|
| EMXF | iShares ESG Advanced MSCI EM ETF | 63.5% | -1 bp | -0.4% |
| ESGE | iShares ESG Aware MSCI EM ETF | 53.2% | +8 bp | -0.3% |
| EEM | iShares MSCI Emerging Markets ETF | 49.9% | +52 bp | -0.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 49.8% | +13 bp | -0.4% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 49.1% | +32 bp | -0.9% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 48.5% | +32 bp | +0.9% |
| BKF | iShares MSCI BIC ETF | 48.5% | +52 bp | -0.8% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 47.3% | +49 bp | +2.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 45.7% | +53 bp | -1.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 45.3% | -2 bp | +2.8% |
Risk and Returns: LDEM 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 2/21/2025
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
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
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™
LDEM
6.8%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 160 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
3.8%. LDEM's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places LDEM in the 44th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LDEMSELL
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 |
| 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. | 45.7 | 41.3 | 87.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .