BKEM
BNY Mellon Emerging Markets Equity ETF
BKEM is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap.
Fund Basics
Fund sponsor | The Bank of New York Mellon |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 24, 2020 |
Assets (mns) | $90 |
Expense ratio | 11 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC | 6.3 % |
SAMSUNG ELECTRONICS CO LTD | 4.2 % |
TENCENT HOLDINGS LTD | 4.0 % |
ALIBABA GROUP HOLDING LTD. | 2.7 % |
HDFC BANK LIMITED | 1.6 % |
RELIANCE INDUSTRIES LTD | 1.6 % |
INTERNATIONAL HOLDINGS COMPANY PJSC | 1.5 % |
MEITUAN DIANPING | 1.1 % |
PINDUODUO, INC. SPONSORED ADR CLASS A | 1.1 % |
INFOSYS TECHNOLOGIES LTD | 1.0 % |
Constituent Breakdown
Number of holdings | 917 |
Herfindahl-Hirschman Index | 101 |
Wgt avg mkt cap (mns) | $65,971 |
Large cap (>$10bn) | 54.3% |
Mid cap ($2-10bn) | 17.3% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 4.9% |
Emerging mkts. | 95.1% |
Country Exposure
CHINA | 26.4 % | |
INDIA | 16.5 % | |
TAIWAN | 15.0 % | |
SOUTH KOREA | 12.2 % | |
BRAZIL | 4.6 % | |
SAUDI ARABIA | 3.7 % | |
UAE | 2.8 % | |
SOUTH AFRICA | 2.4 % | |
INDONESIA | 2.2 % | |
MEXICO | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
4.4% | 1.9% | -10.5% | -2.0% | -- | -- | 4.5% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.60 | 36% |
MSCI EAFE | 0.74 | 58% |
MSCI Emg Mkts | 0.98 | 96% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.30% |
ADV of underlying (mns) | $31,652 |
Technical Indicators
Recent close | $53.09 |
30d moving avg. | $54.60 |
Annualized volatility | 17.8% |
Relative strength (RSI) | 40 |
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. BKEM |
Expenses vs. BKEM |
ALTAR Score™ vs. BKEM |
---|---|---|---|---|
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 83.1% | +55 bp | +3.7% |
EEM | iShares MSCI Emerging Markets ETF | 80.8% | +57 bp | +3.8% |
GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 78.5% | +25 bp | +4.1% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 73.8% | +38 bp | +3.7% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 72.4% | +58 bp | +3.4% |
FLAX | Franklin FTSE Asia Ex Japan ETF | 71.2% | +8 bp | +4.0% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 71.1% | +19 bp | +4.5% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 71.0% | +38 bp | +5.0% |
IEMG | iShares Core MSCI Emerging Markets ETF | 70.8% | -2 bp | +4.1% |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 69.9% | +4 bp | +5.5% |
Risk and Returns: BKEM 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
2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
---|---|---|---|---|---|---|---|---|
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
2022 | 2023E | Fwd Est | 2024E | |
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 9/28/2023
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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
BKEM
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BKEM
3.9%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 3.9% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. BKEM's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places BKEM in the 18th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BKEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BKEM | 11.0 | 30.3 | 41.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .