EMXF
iShares ESG Advanced MSCI EM ETF
EMXF tracks a market-cap-weighted index of large- and midcap equities in emerging markets, screened for positive ESG rating while also screening for involvement in controversial activities.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
103.2 M
ASSETS UNDER MGMT
16 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 06, 2020 |
| Assets (mns) | $103 |
| Expense ratio | 16 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 5.5 % |
| HDFC BANK LIMITED | 3.1 % |
| HYNIX SEMICONDUCTOR INC | 2.8 % |
| CHINA CONSTRUCTION BANK-H | 2.4 % |
| MEITUAN DIANPING | 1.8 % |
| MEDIATEK INC | 1.8 % |
| IND & COMM BK OF CHINA - H | 1.2 % |
| AL RAJHI BANK | 1.2 % |
| NASPERS LIMITED LTD CLASS N | 1.2 % |
| PING AN INSURANCE GROUP CO-H | 1.1 % |
Constituent Breakdown
| Number of holdings | 521 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $80,481 |
| Large cap (>$10bn) | 69.8% |
| Mid cap ($2-10bn) | 19.2% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 3.8% |
| Emerging mkts. | 88.8% |
Country Exposure
 |
CHINA | 20.5 % |
 |
TAIWAN | 19.1 % |
 |
INDIA | 13.3 % |
 |
SOUTH KOREA | 8.8 % |
 |
SAUDI ARABIA | 4.4 % |
 |
SOUTH AFRICA | 3.7 % |
 |
BRAZIL | 3.1 % |
 |
UAE | 2.4 % |
 |
MALAYSIA | 2.0 % |
 |
MEXICO | 1.8 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.0% | 16.9% | 9.9% | 5.6% | -- | -- | -- | 3.5% |
| Dividend Yield | 0.0% | 0.0% | 1.3% | 1.8% | -- | -- | -- | 1.7% |
| Total Returns | 15.0% | 16.9% | 11.3% | 7.4% | -- | -- | -- | 5.2% | Ann. Volatility | 19.8% | 18.6% | 16.8% | 20.7% | -- | -- | -- | 22.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 40% |
| MSCI EAFE | 0.75 | 52% |
| MSCI Emg Mkts | 0.96 | 89% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.42% |
Technical Indicators
| Recent close | $43.01 |
| 30d moving avg. | $42.10 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 60 |
| Short interest | 0.6% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| LDEM | iShares ESG MSCI EM Leaders ETF | 60.0% | +1 bp | +14.5% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 49.9% | -1 bp | +8.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 49.1% | +14 bp | +10.9% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 48.9% | +9 bp | +7.8% |
| ESGE | iShares ESG Aware MSCI EM ETF | 46.7% | +9 bp | +10.5% |
| EEM | iShares MSCI Emerging Markets ETF | 46.6% | +53 bp | +10.8% |
| STXE | Strive Emerging Markets Ex-China ETF | 46.0% | +16 bp | +7.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 44.7% | +50 bp | +10.1% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 44.7% | +33 bp | +10.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 43.3% | +33 bp | +10.6% |
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 | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 7/14/2025
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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EMXF
8.7%
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%. EMXF's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EMXF in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMXFSELL
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 |
| (16 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMXF | 16.0 | 0.0 | 16 |
| Peer Avg. | 52.1 | 27.6 | 79.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .