EEMX

SPDR MSCI Emerging Markets Fossil Fuel Free ETF

The SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves.


Passive, Concentrated

MANAGEMENT MATRIX

GMF

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSGA
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateOct 24, 2016
Assets (mns)$78
Expense ratio30 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
JPMorgan BetaBuilders Canada ETF 55.8 %
PIMCO Enhanced Short Maturity ETF 14.3 %
TAIWAN SEMICONDUCTOR MANUFAC 7.2 %
SAMSUNG ELECTRONICS CO LTD 4.2 %
TENCENT HOLDINGS LTD 4.2 %
ALIBABA GROUP HOLDING LTD. 2.5 %
MEITUAN DIANPING 1.1 %
HYNIX SEMICONDUCTOR INC 1.0 %
PINDUODUO, INC. SPONSORED ADR CLASS A 1.0 %
INFOSYS TECHNOLOGIES LTD 1.0 %
Constituent Breakdown
Number of holdings594
Herfindahl-Hirschman Index 7,243
Wgt avg mkt cap (mns)$90,146
Large cap (>$10bn)75.9%
Mid cap ($2-10bn)22.6%
Small cap (<$2bn)0.4%
Developed mkts.7.2%
Emerging mkts.92.8%
Country Exposure
CHINA 24.9 %
TAIWAN 17.2 %
SOUTH KOREA 13.2 %
INDIA 12.7 %
BRAZIL 4.9 %
SAUDI ARABIA 4.0 %
SOUTH AFRICA 2.4 %
MEXICO 2.3 %
HONG KONG 2.0 %
MALAYSIA 1.5 %
Historical Performance


Standardized Annual Returns (as of 11/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-47.1% -48.6% -34.3% -23.9% -10.9% -- -6.2%
Market Correlations
versus...BetaR-squared
S&P 5000.344%
MSCI EAFE0.364%
MSCI Emg Mkts0.539%
Liquidity Measures
Avg. volume (000)7
Turnover0.3%
Avg. Bid/Ask (% of price)0.36%
ADV of underlying (mns)$17,669
Technical Indicators
Recent close$30.15
30d moving avg.$28.66
Annualized volatility31.2%
Relative strength (RSI)50
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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Risk and Returns: EEMX 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 -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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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
  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 --%
1.3 12.1 1.4 3.0% --
Based on closing prices from 11/30/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
EEMX



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™

EEMX

7.2%

Cat. Avg

7.0%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.2%
Recommendation

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.

Category Overview
There are 176 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.0% and a standard deviation of 4.2%. EEMX's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places EEMX in the 52nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
EEMX
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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)
EEMX 30.0 35.8 65.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.