EMGF
iShares Emerging Markets Equity Factor ETF
The iShares Edge MSCI Multifactor Emerging Markets ETF tracks an index of large- and midcap emerging market firms. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics to the MSCI Emerging Markets Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.6 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Inception date | Dec 08, 2015 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.3 % |
| SAMSUNG ELECTRONICS CO LTD | 5.9 % |
| TENCENT HOLDINGS LTD | 3.9 % |
| HYNIX SEMICONDUCTOR INC | 2.8 % |
| ALIBABA GROUP HOLDING LTD. | 2.7 % |
| MEDIATEK INC | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 1.0 % |
| HYUNDAI MOTOR CO | 0.9 % |
| DELTA ELECTRONICS INC | 0.9 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.8 % |
Constituent Breakdown
| Number of holdings | 569 |
| Herfindahl-Hirschman Index | 221 |
| Wgt avg mkt cap (mns) | $238,573 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 19.0% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 1.8% |
| Emerging mkts. | 87.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 21.4 % |
 |
CHINA | 18.7 % |
 |
SOUTH KOREA | 17.6 % |
 |
INDIA | 12.2 % |
 |
BRAZIL | 3.4 % |
 |
UAE | 2.1 % |
 |
SOUTH AFRICA | 2.1 % |
 |
SAUDI ARABIA | 1.8 % |
 |
MEXICO | 1.3 % |
 |
POLAND | 1.0 % |
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 | 15.0% | 45.0% | 23.5% | 18.1% | 5.4% | 7.8% | -- | 6.9% |
| Dividend Yield | 0.0% | 4.0% | 3.8% | 4.8% | 3.9% | 3.3% | -- | 3.2% |
| Total Returns | 15.0% | 49.0% | 27.3% | 22.9% | 9.3% | 11.1% | -- | 10.1% | Ann. Volatility | 17.3% | 17.6% | 16.5% | 15.7% | 16.7% | 19.4% | -- | 19.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 54% |
| MSCI EAFE | 0.87 | 65% |
| MSCI Emg Mkts | 0.97 | 98% |
Liquidity Measures
| Avg. volume (000) | 195 |
| ADV traded (mns) | $12 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $62.45 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -0.81/-0.44 |
| Bollinger Bands (Upper/Lower) | $67.78/$58.19 |
| Short interest (% of AUM) | 0.5% |
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. EMGF |
Expenses vs. EMGF |
ALTAR Score™ vs. EMGF |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 58.2% | +44 bp | -1.4% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 56.6% | +5 bp | -1.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 55.1% | -10 bp | -1.2% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 54.8% | -16 bp | -1.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 54.7% | +41 bp | -2.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 54.4% | -14 bp | -1.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 53.9% | +24 bp | -1.4% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 53.8% | +45 bp | -2.2% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 53.7% | +20 bp | -1.3% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 53.7% | +11 bp | -1.7% |
Risk and Returns: EMGF 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 3/26/2026
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
11.1%
ALTAR SCORE™
90th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 194 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.1% and a standard deviation
of 2.3%. EMGF's ALTAR Score™ is approximately 1.3 standard
deviations above the category average. This places EMGF in the 90th percentile
among funds in the category.
Sell-Side Consensus
$74.49
PRICE TARGET
+22.1%
UPSIDE