LDEM

iShares ESG MSCI EM Leaders ETF

LDEM tracks a tier-weighted index composed of emerging market large- and midcap stocks with high environmental, social, and governance traits relative to their sector peers.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

28.8 M

ASSETS UNDER MGMT

17 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateFeb 05, 2020
Assets (mns)$29
Expense ratio17 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionPrinciples-based
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 5.3 %
TENCENT HOLDINGS LTD 4.8 %
ALIBABA GROUP HOLDING LTD. 4.5 %
HDFC BANK LIMITED 3.4 %
CHINA CONSTRUCTION BANK-H 2.5 %
RELIANCE INDUSTRIES LTD 2.4 %
BYD CO LTD-H 1.6 %
INFOSYS TECHNOLOGIES LTD 1.5 %
IND & COMM BK OF CHINA - H 1.4 %
NASPERS LIMITED LTD CLASS N 1.3 %
Constituent Breakdown
Number of holdings448
Herfindahl-Hirschman Index 127
Wgt avg mkt cap (mns)$122,458
Large cap (>$10bn)71.6%
Mid cap ($2-10bn)19.4%
Small cap (<$2bn)0.2%
Developed mkts.3.7%
Emerging mkts.91.1%
Country Exposure
CHINA 27.7 %
INDIA 17.0 %
TAIWAN 13.7 %
SOUTH KOREA 6.8 %
SOUTH AFRICA 4.7 %
BRAZIL 3.2 %
SAUDI ARABIA 2.7 %
HONG KONG 2.7 %
MEXICO 2.4 %
MALAYSIA 2.2 %
Historical Performance


Standardized Performance (as of 05/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 11.8% 13.5% 8.1% 0.3% 2.7% -- -- -0.8%
Dividend Yield 0.0% 0.9% 2.2% 2.9% 2.6% -- -- 2.3%
Total Returns 11.8% 14.3% 10.2% 3.2% 5.3% -- -- 1.6%
Ann. Volatility 21.7% 19.0% 17.3% 19.1% 19.3% -- -- 21.3%
Market Correlations
versus...BetaR-squared
S&P 5000.6835%
MSCI EAFE0.8356%
MSCI Emg Mkts1.0793%
Liquidity Measures
Avg. volume (000)15
ADV traded (mns)$1
Turnover2.7%
Avg. Bid/Ask (% of price)0.33%
Technical Indicators
Recent close$52.45
30d moving avg.$51.55
Annualized volatility19.1%
Relative strength (RSI)59
Short interest0.1%
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: vs. Comps (1 YR)

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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 6/16/2025
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

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™

13.5%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 112 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.6%. 's ALTAR Score™ is approximately 2.0 standard deviations above the category average. This places in the 98th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

LDEM
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
(17 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)
17.0 0.0 17
Peer Avg. 48.3 42.7 91.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .