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
812.1 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2015 |
| Assets (mns) | $812 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 7.8 % |
| TENCENT HOLDINGS LTD | 4.4 % |
| ALIBABA GROUP HOLDING LTD. | 2.8 % |
| SAMSUNG ELECTRONICS CO LTD | 2.6 % |
| CHINA CONSTRUCTION BANK-H | 1.3 % |
| MEITUAN DIANPING | 1.3 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.1 % |
| ICICI BANK LTD | 1.1 % |
| HDFC BANK LIMITED | 1.0 % |
| MEDIATEK INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 583 |
| Herfindahl-Hirschman Index | 127 |
| Wgt avg mkt cap (mns) | $122,858 |
| Large cap (>$10bn) | 72.2% |
| Mid cap ($2-10bn) | 25.7% |
| Small cap (<$2bn) | 1.4% |
| Developed mkts. | 5.4% |
| Emerging mkts. | 94.6% |
Country Exposure
 |
CHINA | 22.4 % |
 |
INDIA | 17.9 % |
 |
TAIWAN | 16.2 % |
 |
SOUTH KOREA | 10.6 % |
 |
BRAZIL | 3.8 % |
 |
SAUDI ARABIA | 2.3 % |
 |
UAE | 1.9 % |
 |
SOUTH AFRICA | 1.9 % |
 |
MEXICO | 1.6 % |
 |
HONG KONG | 1.2 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.3% | 4.3% | 6.8% | 0.4% | 4.6% | -- | -- | 3.6% |
| Dividend Yield | 0.0% | 0.9% | 3.7% | 3.6% | 3.3% | -- | -- | 2.8% |
| Total Returns | 3.3% | 5.2% | 10.5% | 4.1% | 7.9% | -- | -- | 6.4% | Ann. Volatility | 23.2% | 19.1% | 16.5% | 17.1% | 17.5% | -- | -- | 20.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 47% |
| MSCI EAFE | 0.79 | 68% |
| MSCI Emg Mkts | 0.95 | 98% |
Liquidity Measures
| Avg. volume (000) | 146 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $20,379 |
Technical Indicators
| Recent close | $46.67 |
| 30d moving avg. | $45.90 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 0.0% |
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. EMGF |
Expenses vs. EMGF |
ALTAR Score™ vs. EMGF |
|---|---|---|---|---|
| EEM | iShares MSCI Emerging Markets ETF | 54.9% | +44 bp | -1.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 53.8% | +5 bp | -1.7% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 53.7% | +20 bp | -1.4% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 53.3% | -10 bp | -1.7% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 53.3% | -14 bp | -2.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 52.7% | +41 bp | -2.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 52.7% | +11 bp | -2.1% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 52.1% | +24 bp | -1.6% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 51.7% | +24 bp | -1.8% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 50.7% | +45 bp | -2.6% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 5/1/2025
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
EMGF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
EMGF
12.9%
Cat. Avg
8.3%
ALTAR Score™ Calculation
Category Overview
There are 110 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.3% and a standard deviation of
2.7%. EMGF's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places EMGF in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMGFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EMGF (25 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMGF | 25.0 | 17.3 | 42.3 |
| Peer Avg. | 48.7 | 41.5 | 90.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .