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
29.4 M
ASSETS UNDER MGMT
17 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 05, 2020 |
| Assets (mns) | $29 |
| Expense ratio | 17 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 5.6 % |
| TENCENT HOLDINGS LTD | 4.8 % |
| ALIBABA GROUP HOLDING LTD. | 4.4 % |
| HDFC BANK LIMITED | 3.5 % |
| CHINA CONSTRUCTION BANK-H | 2.6 % |
| RELIANCE INDUSTRIES LTD | 2.4 % |
| BYD CO LTD-H | 1.5 % |
| INFOSYS TECHNOLOGIES LTD | 1.4 % |
| IND & COMM BK OF CHINA - H | 1.4 % |
| NASPERS LIMITED LTD CLASS N | 1.3 % |
Constituent Breakdown
| Number of holdings | 446 |
| Herfindahl-Hirschman Index | 132 |
| 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. | 3.9% |
| Emerging mkts. | 89.7% |
Country Exposure
 |
CHINA | 27.5 % |
 |
INDIA | 17.1 % |
 |
TAIWAN | 13.9 % |
 |
SOUTH KOREA | 7.1 % |
 |
SOUTH AFRICA | 4.7 % |
 |
BRAZIL | 3.2 % |
 |
SAUDI ARABIA | 2.6 % |
 |
HONG KONG | 2.6 % |
 |
MEXICO | 2.4 % |
 |
MALAYSIA | 2.1 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| 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... | Beta | R-squared |
| S&P 500 | 0.68 | 35% |
| MSCI EAFE | 0.83 | 56% |
| MSCI Emg Mkts | 1.07 | 93% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $1 |
| Turnover | 2.9% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| Recent close | $53.52 |
| 30d moving avg. | $52.20 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 59 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EMXF | iShares ESG Advanced MSCI EM ETF | 60.4% | -1 bp | +8.6% |
| ESGE | iShares ESG Aware MSCI EM ETF | 52.7% | +8 bp | +10.1% |
| EEM | iShares MSCI Emerging Markets ETF | 47.3% | +52 bp | +10.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 46.8% | +13 bp | +10.4% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 45.6% | +32 bp | +10.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 45.5% | +32 bp | +10.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 44.8% | +49 bp | +10.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 44.6% | -2 bp | +10.4% |
| BKF | iShares MSCI BIC ETF | 44.5% | +52 bp | +13.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 43.2% | -6 bp | +10.1% |
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.
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
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 6/30/2025
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.
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™
LDEM
13.4%
Cat. Avg
8.1%
ALTAR Score™ Calculation
Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.1% and a standard deviation of
2.5%. LDEM's ALTAR Score™ is approximately
2.1 standard deviations
above
the category average. This places LDEM in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LDEMSELL
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 |
| (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) |
|
|---|---|---|---|
| LDEM | 17.0 | 0.0 | 17 |
| Peer Avg. | 47.5 | 42.4 | 89.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .