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

29.9 M

ASSETS UNDER MGMT

17 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateFeb 05, 2020
Assets (mns)$30
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  + 
RELIANCE INDUSTRIES LTD 5.8 %
TAIWAN SEMICONDUCTOR MANUFAC 4.9 %
TENCENT HOLDINGS LTD 4.7 %
ALIBABA GROUP HOLDING LTD. 4.4 %
HDFC BANK LIMITED 3.3 %
CHINA CONSTRUCTION BANK-H 2.0 %
INFOSYS TECHNOLOGIES LTD 2.0 %
MEDIATEK INC 1.7 %
BHARTI AIRTEL LIMITED 1.3 %
JD.COM, INC. CLASS A 1.2 %
Constituent Breakdown
Number of holdings470
Herfindahl-Hirschman Index 147
Wgt avg mkt cap (mns)$136,169
Large cap (>$10bn)79.6%
Mid cap ($2-10bn)20.1%
Small cap (<$2bn)0.1%
Developed mkts.3.6%
Emerging mkts.96.4%
Country Exposure
CHINA 24.7 %
INDIA 23.4 %
TAIWAN 13.9 %
SOUTH KOREA 6.1 %
SOUTH AFRICA 4.5 %
SAUDI ARABIA 3.2 %
BRAZIL 3.0 %
HONG KONG 2.5 %
MALAYSIA 2.5 %
THAILAND 2.3 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 6.4% 9.8% 4.0% -4.5% -- -- 2.1%
Volatility 15.8% 16.0% 18.0% 19.8% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6938%
MSCI EAFE0.8558%
MSCI Emg Mkts1.1096%
Liquidity Measures
Avg. volume (000)1
Turnover0.2%
Avg. Bid/Ask (% of price)0.33%
ADV of underlying (mns)$22,886
Technical Indicators
Recent close$46.03
30d moving avg.$47.39
Annualized volatility19.5%
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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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 --%
1.4 11.7 1.4 2.9% --
Based on closing prices from 12/20/2024
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

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

7.6%

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%. LDEM's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places LDEM in the 47th 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. 47.6 37.7 85.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .