EMCR
Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF
EMCR tracks an index of large- and midcap emerging market stocks that are selected based on ESG criteria. Holdings are weighted in tiers, in favor of low carbon intensity
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 06, 2018 |
| Assets (mns) | $484 |
| Expense ratio | 15 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 | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 7.9 % |
| TENCENT HOLDINGS LTD | 5.0 % |
| SAMSUNG ELECTRONICS CO LTD | 3.1 % |
| ALIBABA GROUP HOLDING LTD. | 2.4 % |
| INFOSYS TECHNOLOGIES LTD | 1.6 % |
| MEITUAN DIANPING | 1.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.2 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| TATA CONSULTANCY SVS LTD | 1.1 % |
| HYNIX SEMICONDUCTOR INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 1360 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $129,783 |
| Large cap (>$10bn) | 75.5% |
| Mid cap ($2-10bn) | 19.6% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 5.3% |
| Emerging mkts. | 91.3% |
Country Exposure
 |
CHINA | 27.1 % |
 |
TAIWAN | 18.3 % |
 |
INDIA | 14.6 % |
 |
SOUTH KOREA | 11.5 % |
 |
BRAZIL | 4.2 % |
 |
SOUTH AFRICA | 3.4 % |
 |
MEXICO | 2.9 % |
 |
SAUDI ARABIA | 2.8 % |
 |
INDONESIA | 2.2 % |
 |
UAE | 2.1 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.2% | 2.9% | -9.9% | 0.9% | -- | -- | 5.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 40% |
| MSCI EAFE | 0.86 | 64% |
| MSCI Emg Mkts | 1.00 | 97% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.33% |
| ADV of underlying (mns) | $69,337 |
Technical Indicators
| Recent close | $26.31 |
| 30d moving avg. | $26.69 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.2% |
| 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. EMCR |
Expenses vs. EMCR |
ALTAR Score™ vs. EMCR |
|---|---|---|---|---|
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 77.3% | +21 bp | -1.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 73.6% | +51 bp | -1.7% |
| EEM | iShares MSCI Emerging Markets ETF | 71.1% | +53 bp | -1.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 69.9% | -4 bp | -5.4% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 67.5% | +34 bp | -1.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 66.4% | +15 bp | -1.0% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 65.8% | -6 bp | -1.3% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 64.0% | +54 bp | -2.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 63.6% | +34 bp | -0.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 63.6% | +4 bp | -1.4% |
Risk and Returns: EMCR 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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 9/22/2023
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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
EMCR
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™
EMCR
9.2%
Cat. Avg
7.6%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.2% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. EMCR's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places EMCR in the 65th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMCR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| EMCR | 15.0 | 33.4 | 48.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .