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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

EMSG

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackrock
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateFeb 05, 2020
Assets (mns)$33
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 5.4 %
TENCENT HOLDINGS LTD 4.8 %
ALIBABA GROUP HOLDING LTD. 4.2 %
RELIANCE INDUSTRIES LTD 3.0 %
LUKOIL OAO 2.0 %
INFOSYS TECHNOLOGIES LTD 1.9 %
CHINA CONSTRUCTION BANK-H 1.7 %
MEDIATEK INC 1.5 %
TATA CONSULTANCY SVS LTD 1.2 %
GAZPROM OAO 1.2 %
Constituent Breakdown
Number of holdings498
Herfindahl-Hirschman Index 121
Wgt avg mkt cap (mns)$105,402
Large cap (>$10bn)78.7%
Mid cap ($2-10bn)21.1%
Small cap (<$2bn)0.2%
Developed mkts.3.8%
Emerging mkts.96.2%
Country Exposure
CHINA 23.1 %
INDIA 16.9 %
TAIWAN 14.4 %
SOUTH KOREA 7.0 %
RUSSIA 5.0 %
BRAZIL 4.5 %
SOUTH AFRICA 3.9 %
MEXICO 2.8 %
SAUDI ARABIA 2.5 %
INDONESIA 2.4 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 3.7% -7.3% -8.2% -- -- 0.9%
Market Correlations
versus...BetaR-squared
S&P 5000.6942%
MSCI EAFE0.8963%
MSCI Emg Mkts1.0695%
Liquidity Measures
Avg. volume (000)1
Turnover0.1%
Avg. Bid/Ask (% of price)0.33%
ADV of underlying (mns)$18,301
Technical Indicators
Recent close$43.96
30d moving avg.$43.37
Annualized volatility19.2%
Relative strength (RSI)60
Short interest (ETF)0.0%
Short interest (underlying)0.0%
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: LDEM vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
1.3 11.2 1.4 2.9% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
LDEM



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

LDEM

7.9%

Cat. Avg

6.2%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.9%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 165 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 6.2% and a standard deviation of 4.9%. LDEM's ALTAR Score™ is approximately 0.4 standard deviations above the category average. This places LDEM in the 64th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
LDEM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
LDEM 17.0 33.2 50.2
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.