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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 21.7 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Mar 02, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 12.2 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 10.4 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 5.3 % |
| HYNIX SEMICONDUCTOR INC | 5.3 % |
| PETROBRAS - PETROLEO BRAS-PR | 3.5 % |
| ANGLOGOLD ASHANTI LTD | 2.8 % |
| NASPERS LTD-N SHS | 2.7 % |
| AMERICA MOVIL, S.A.B. DE C.V. (CLASS B) | 2.5 % |
| GRUPO FINANCIERO BANORTE-O | 2.4 % |
| GOLD FIELDS LTD | 2.4 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 439 |
| Wgt avg mkt cap (mns) | $235,418 |
| Large cap (>$10bn) | 95.6% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
SOUTH KOREA | 22.1 % |
 |
TAIWAN | 15.1 % |
 |
BRAZIL | 14.8 % |
 |
SOUTH AFRICA | 13.1 % |
 |
INDIA | 10.9 % |
 |
MEXICO | 10.8 % |
 |
POLAND | 6.0 % |
 |
HUNGARY | 2.4 % |
 |
PERU | 1.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 26.3% | 89.9% | 35.1% | -- | -- | -- | -- | 25.1% |
| Dividend Yield | 0.0% | 2.3% | 4.5% | -- | -- | -- | -- | 3.8% |
| Total Returns | 26.3% | 92.2% | 39.6% | -- | -- | -- | -- | 28.8% | Ann. Volatility | 21.5% | 20.5% | 18.6% | -- | -- | -- | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 54% |
| MSCI EAFE | 1.03 | 67% |
| MSCI Emg Mkts | 1.05 | 84% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.27% |
Technical Indicators
| 30d moving avg. (EMA) | $36.33 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.22/0.29 |
| Bollinger Bands (Upper/Lower) | $40.33/$34.14 |
| Short interest (% of AUM) | 5.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 55.4% | -43 bp | -1.0% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 51.8% | 0 bp | 0.0% |
| JIVE | JPMorgan International Value ETF | 48.6% | -20 bp | +1.7% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 46.3% | -50 bp | -1.2% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 45.5% | -51 bp | -1.0% |
| XCEM | Columbia EM Core ex-China ETF | 40.6% | -59 bp | -1.1% |
| EEM | iShares MSCI Emerging Markets ETF | 38.8% | -6 bp | +1.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 38.1% | -45 bp | +2.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 36.3% | -5 bp | +0.9% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 36.2% | -26 bp | +1.6% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 3/18/2026
Peer Group Comparison Sample data. Subscribe for access.
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
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 Rating
7.7%
ALTAR SCORE™
46th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 195 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.9% and a standard deviation
of 2.3%. EMDM's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places EMDM in the 46th percentile
among funds in the category.
Sell-Side Consensus
$39.87
PRICE TARGET
+10.5%
UPSIDE