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

8.8 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMar 02, 2023
Assets (mns)$9
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 10.2 %
SAMSUNG ELECTRONICS CO LTD 7.3 %
NASPERS LTD-N SHS 4.4 %
GRUPO MEXICO S.A.B. DE C.V. CLASS B 4.2 %
BAJAJ FINANCE LIMITED 3.1 %
GRUPO FINANCIERO BANORTE-O 2.9 %
PETROBRAS - PETROLEO BRAS-PR 2.9 %
AMERICA MOVIL, S.A.B. DE C.V. (CLASS B) 2.8 %
PKO BANK POLSKI SA 2.8 %
HYNIX SEMICONDUCTOR INC 2.7 %
Constituent Breakdown
Number of holdings106
Herfindahl-Hirschman Index 314
Wgt avg mkt cap (mns)$136,719
Large cap (>$10bn)95.8%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.96.9%
Emerging mkts.0.0%
Country Exposure
TAIWAN 16.0 %
SOUTH KOREA 15.8 %
INDIA 15.6 %
SOUTH AFRICA 14.3 %
BRAZIL 13.1 %
MEXICO 11.4 %
POLAND 6.6 %
HUNGARY 2.5 %
PERU 1.5 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 23.7% 8.9% 8.8% -- -- -- -- 9.8%
Dividend Yield 0.0% 0.7% 1.1% -- -- -- -- 1.4%
Total Returns 23.7% 9.6% 9.9% -- -- -- -- 11.3%
Ann. Volatility 23.2% 20.9% 18.4% -- -- -- -- 18.0%
Market Correlations
versus...BetaR-squared
S&P 5000.6632%
MSCI EAFE0.6839%
MSCI Emg Mkts0.9559%
Liquidity Measures
Avg. volume (000)0
ADV traded (mns)$0
Turnover0.0%
Avg. Bid/Ask (% of price)0.31%
Technical Indicators
Recent close$25.08
30d moving avg.$24.30
Annualized volatility15.5%
Relative strength (RSI)70
Short interest0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: 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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 7/12/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

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.

ALTAR Score™

EMDM

10.0%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 115 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.7%. EMDM's ALTAR Score™ is approximately 0.7 standard deviations above the category average. This places EMDM in the 75th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

EMDM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
(75 bp) Percentile rank 64
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
EMDM 75.0 0.0 75
Peer Avg. 62.1 44.9 107.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .