EMDM
First Trust Bloomberg Emerging Market Democracies ETF
EMDM follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.
Fund Basics
Fund sponsor | First Trust |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Mar 02, 2023 |
Assets (mns) | $7 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Principles-based |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TAIWAN SEMICONDUCTOR MANUFAC | 9.1 % |
SAMSUNG ELECTRONICS CO LTD | 7.4 % |
NASPERS LTD-N SHS | 5.7 % |
PETROBRAS - PETROLEO BRAS-PR | 3.6 % |
GRUPO MEXICO S.A.B. DE C.V. CLASS B | 3.6 % |
FIRSTRAND LTD | 3.3 % |
PKO BANK POLSKI SA | 2.9 % |
GRUPO FINANCIERO BANORTE-O | 2.8 % |
STANDARD BANK GROUP LTD | 2.5 % |
FOMENTO ECONOMICO MEXICANO SAB DE CV UNI | 2.4 % |
Constituent Breakdown
Number of holdings | 104 |
Herfindahl-Hirschman Index | 340 |
Wgt avg mkt cap (mns) | $141,726 |
Large cap (>$10bn) | 92.7% |
Mid cap ($2-10bn) | 3.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 0.0% |
Emerging mkts. | 100.0% |
Country Exposure
INDIA | 14.6 % | |
MEXICO | 14.1 % | |
TAIWAN | 13.9 % | |
BRAZIL | 13.6 % | |
SOUTH KOREA | 13.4 % | |
SOUTH AFRICA | 13.4 % | |
POLAND | 7.2 % | |
HUNGARY | 1.8 % | |
PHILIPPINES | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.7% | -- | -- | -- | -- | -- | 15.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.00 | 0% |
MSCI EAFE | 0.00 | 0% |
MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.31% |
ADV of underlying (mns) | $10,136 |
Technical Indicators
Recent close | $22.64 |
30d moving avg. | $21.14 |
Annualized volatility | 0.0% |
Relative strength (RSI) | 71 |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. EMDM |
Expenses vs. EMDM |
ALTAR Score™ vs. EMDM |
---|---|---|---|---|
STXE | Strive Emerging Markets Ex-China ETF | 50.4% | -43 bp | -2.6% |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 46.1% | -51 bp | -2.4% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 44.1% | -50 bp | -2.8% |
XC | WisdomTree Emerging Markets Ex-China Fund | 40.9% | -43 bp | -3.3% |
XCEM | Columbia EM Core ex-China ETF | 37.4% | -59 bp | -2.2% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 37.2% | -45 bp | -2.0% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 36.4% | -26 bp | -2.9% |
EEM | iShares MSCI Emerging Markets ETF | 36.3% | -6 bp | -2.6% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 35.9% | -9 bp | -2.4% |
BKEM | BNY Mellon Emerging Markets Equity ETF | 35.6% | -64 bp | -1.8% |
Risk and Returns: EMDM 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 5/1/2024
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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
EMDM
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™
EMDM
9.5%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.5% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
3.8%. EMDM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places EMDM in the 69th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMDM
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) |
|
---|---|---|---|
EMDM | 75.0 | 30.5 | 105.5 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .