EEMD
AAM S&P Emerging Markets High Dividend Value ETF
The AAM S&P Emerging Markets High Dividend Value ETF seeks to provide investment results that, before fees and expenses, track the total return performance of the S&P Emerging Markets Dividend and Free Cash Flow Yield Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
49 bp
EXPENSES
$7.7 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Advisors Asset Mgmt |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 28, 2017 |
| Assets (mns) | $8 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HANA FINANCIAL GROUP | 2.5 % |
| X5 RETAIL GROUP N.V. SPONSORED GDR REGS | 2.5 % |
| SITC INTERNATIONAL HOLDINGS | 2.5 % |
| CHINA TOWER CORP. LTD. CLASS H | 2.5 % |
| PERUSAHAAN GAS NEGARA PT | 2.5 % |
| CHINA COSCO HOLDINGS-H | 2.4 % |
| KIA MOTORS CORPORATION | 2.3 % |
| CHONGQING RURAL COMMERCIAL-H | 2.3 % |
| UNITED PLANTATIONS BHD | 2.3 % |
| AFRICAN RAINBOW MINERALS LTD | 2.2 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 194 |
| Wgt avg mkt cap (mns) | $14,018 |
| Large cap (>$10bn) | 28.9% |
| Mid cap ($2-10bn) | 62.7% |
| Small cap (<$2bn) | 5.6% |
| Developed mkts. | 11.7% |
| Emerging mkts. | 88.3% |
Country Exposure
 |
CHINA | 19.7 % |
 |
BRAZIL | 10.5 % |
 |
SOUTH KOREA | 10.4 % |
 |
TAIWAN | 10.2 % |
 |
SOUTH AFRICA | 5.9 % |
 |
THAILAND | 5.8 % |
 |
INDONESIA | 5.7 % |
 |
UAE | 4.2 % |
 |
HONG KONG | 4.1 % |
 |
CHILE | 3.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -1.2% | 12.4% | 8.4% | 0.2% | 3.1% | -- | 1.6% | Volatility | 12.1% | 13.1% | 15.6% | 16.0% | 19.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 41% |
| MSCI EAFE | 0.84 | 69% |
| MSCI Emg Mkts | 0.81 | 65% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $1,100 |
Technical Indicators
| Recent close | $18.17 |
| 30d moving avg. | $18.41 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 2.1% |
| 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. EEMD |
Expenses vs. EEMD |
ALTAR Score™ vs. EEMD |
|---|---|---|---|---|
| DVYE | iShares Emerging Markets Dividend ETF | 17.7% | 0 bp | -2.7% |
| EDOG | ALPS Emerging Sector Dividend Dogs ETF | 17.1% | +11 bp | -5.5% |
| FCA | First Trust China AlphaDEX Fund | 15.9% | +31 bp | -0.1% |
| UEVM | VictoryShares Emerging Markets Value Momentum ETF | 13.7% | -4 bp | -7.2% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 13.6% | +18 bp | -0.6% |
| ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 12.9% | +21 bp | -8.8% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 11.3% | -5 bp | -6.8% |
| FDEM | Fidelity Emerging Markets Multifactor ETF | 10.5% | -24 bp | -6.8% |
Risk and Returns: EEMD 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 7/25/2024
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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
EEMD
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™
EEMD
18.2%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 18.2% |
Recommendation
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.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. EEMD's ALTAR Score™ is approximately
2.8 standard deviations
above
the category average. This places EEMD in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EEMD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EEMD (49 bp) Percentile rank | 29 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EEMD | 49.0 | 34.0 | 83 |
| Peer Avg. | 51.1 | 47.0 | 98.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .