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.
Fund Basics
Fund sponsor | Blackrock |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Feb 05, 2020 |
Assets (mns) | $33 |
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 | 5.4 % |
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 holdings | 498 |
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)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.0% | 3.7% | -7.3% | -8.2% | -- | -- | 0.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.69 | 42% |
MSCI EAFE | 0.89 | 63% |
MSCI Emg Mkts | 1.06 | 95% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.1% |
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 volatility | 19.2% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. LDEM |
Expenses vs. LDEM |
ALTAR Score™ vs. LDEM |
---|---|---|---|---|
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 85.0% | +3 bp | -0.3% |
EMXF | iShares ESG Advanced MSCI EM ETF | 69.1% | -1 bp | -0.2% |
ESGE | iShares ESG Aware MSCI EM ETF | 54.4% | +8 bp | -7.9% |
EEM | iShares MSCI Emerging Markets ETF | 49.4% | +52 bp | -7.9% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 48.8% | +13 bp | -0.2% |
BKF | iShares MSCI BIC ETF | 48.0% | +52 bp | -0.5% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 47.9% | +49 bp | -7.9% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 47.7% | +32 bp | -7.9% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 46.6% | +32 bp | +0.7% |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 46.6% | -2 bp | -7.9% |
Risk and Returns: LDEM 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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
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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 | --% |
Based on closing prices from 3/27/2024
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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
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
Recent Trends
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 .