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.


Rules-Based, Concentrated

MANAGEMENT MATRIX

KEMX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateMar 02, 2023
Assets (mns)$6
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingPrinciples-based
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 10.4 %
SAMSUNG ELECTRONICS CO LTD 7.9 %
NASPERS LTD-N SHS 4.6 %
PETROBRAS - PETROLEO BRAS-PR 3.9 %
GRUPO MEXICO S.A.B. DE C.V. CLASS B 3.2 %
GRUPO FINANCIERO BANORTE-O 3.2 %
FOMENTO ECONOMICO MEXICANO SAB DE CV UNI 3.1 %
POLSKI KONCERN NAFTOWY SA 2.8 %
AMERICA MOVIL SAB DE CV CLASS L 2.6 %
FIRSTRAND LTD 2.5 %
Constituent Breakdown
Number of holdings103
Herfindahl-Hirschman Index 311
Wgt avg mkt cap (mns)$114,483
Large cap (>$10bn)92.1%
Mid cap ($2-10bn)4.1%
Small cap (<$2bn)0.0%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
TAIWAN 16.9 %
MEXICO 15.4 %
INDIA 14.9 %
SOUTH KOREA 14.8 %
SOUTH AFRICA 14.3 %
BRAZIL 14.2 %
POLAND 2.8 %
CHILE 2.0 %
PHILIPPINES 2.0 %
CZECH REPUBLIC 1.8 %
Historical Performance


Standardized Annual Returns (as of 01/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-4.8% -- -- -- -- -- 15.0%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)2
Turnover0.8%
Avg. Bid/Ask (% of price)0.31%
ADV of underlying (mns)$7,305
Technical Indicators
Recent close$22.05
30d moving avg.$21.14
Annualized volatility0.0%
Relative strength (RSI)71
Short interest (ETF)1.1%
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: EMDM vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  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 --%
1.1 8.6 1.5 3.8% --
Based on closing prices from 2/22/2024
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SHOWING:
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

9.3%

Cat. Avg

6.4%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.3%
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 6.4% and a standard deviation of 4.9%. EMDM's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places EMDM in the 72nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
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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 .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.