BNY Mellon Emerging Markets Equity ETF
ALTAR
Score™
8.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.6x
P/BV
ratio
1.6x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BKEM is a passively managed fund with emerging market exposure to broad large-cap stocks, selected and weighted by market cap.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor The Bank of New York Mellon
Website im.bnymellon.com
Inception date Apr 24, 2020
Assets (mns) $35
Currency USD
Expense ratio 11 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 604
Wgt avg mkt cap (mns) $172,316
Large cap (>$10bn) 84.8%
Mid cap ($2-10bn) 13.4%
Small cap (<$2bn) 0.0%
Developed mkts 9.5%
Emerging mkts 88.1%

TOP TEN HOLDINGS
ISHARES MSCI INDIA ETF 9.9 %
ALIBABA GROUP HOLDING LTD. 7.8 %
TENCENT HOLDINGS LTD 7.0 %
TAIWAN SEMICONDUCTOR MANUFAC 5.2 %
SAMSUNG ELECTRONICS CO LTD 4.7 %
MEITUAN DIANPING 2.0 %
NASPERS LTD-N SHS 1.4 %
CHINA CONSTRUCTION BANK-H 1.3 %
JD.COM INC-ADR 1.2 %
PING AN INSURANCE GROUP CO-H 1.0 %
Total 41.3 %

TOP COUNTRY EXPOSURE
CHINA 37.1 %
SOUTH KOREA 13.1 %
TAIWAN 12.5 %
BRAZIL 4.3 %
HONG KONG 3.3 %
SOUTH AFRICA 3.3 %
RUSSIA 2.8 %
SAUDI ARABIA 2.2 %
MALAYSIA 1.9 %
THAILAND 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% -- -- -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $63.41
30d moving avg. $62.91
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $15,496

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the BNY Mellon Emerging Markets Equity ETF ETF based on the alternatives' overlap in portfolio holdings with BKEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BKEM Expense: 11 bp ALTAR Score™: 8.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BKEM
Ticker Fund
Name
Overlap1
vs BKEM
(%)
Expense
ratio
(bp)
Savings
vs BKEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs BKEM
(%)
EEM iShares MSCI Emerging Markets ETF 65.9 68 -57 7.4 -1.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 65.4 65 -54 7.5 -0.9
IEMG iShares Core MSCI Emerging Markets ETF 60.0 13 -2 7.9 -0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 59.3 36 -25 7.4 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 59.2 30 -19 7.8 -0.6
SCHE Schwab Emerging Markets Equity ETF 57.9 11 0 8.0 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 57.6 50 -39 7.6 -0.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 56.9 15 -4 8.7 +0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 56.6 68 -57 7.1 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 56.3 49 -38 8.6 +0.2
EMXC iShares MSCI Emerging Markets ex China ETF 56.3 25 -14 8.0 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 56.0 19 -8 7.7 -0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 51.8 45 -34 7.5 -0.9
VWO Vanguard FTSE Emerging Markets ETF 50.7 10 1 8.1 -0.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 50.0 32 -21 5.9 -2.5
ESGE iShares ESG MSCI EM ETF 49.6 25 -14 8.7 +0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 46.5 59 -48 11.0 +2.6
SPEM SPDR Portfolio Emerging Markets ETF 46.0 11 0 8.0 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 40.4 20 -9 6.8 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 39.8 30 -19 8.8 +0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 39.5 49 -38 7.9 -0.6
GMF SPDR S&P Emerging Asia Pacific ETF 39.4 49 -38 7.4 -1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 39.2 49 -38 7.7 -0.8
PXH Invesco FTSE RAFI Emerging Markets ETF 38.4 50 -39 13.6 +5.2
BKF iShares MSCI BRIC ETF 37.7 69 -58 7.6 -0.9
DVEM WisdomTree Emerging Markets Dividend Fund 34.9 32 -21 7.3 -1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 33.4 39 -28 13.1 +4.7
AIA iShares Asia 50 ETF 32.3 50 -39 8.0 -0.4
AVEM Avantis Emerging Markets Equity ETF 32.2 33 -22 8.9 +0.5
MCHI iShares MSCI China ETF 32.1 59 -48 7.9 -0.5
GXC SPDR S&P China ETF 31.6 59 -48 8.2 -0.2
FLCH Franklin FTSE China ETF 31.2 19 -8 8.4 0.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 29.5 40 -29 7.3 -1.1
KALL KraneShares FTSE Emerging Markets Plus ETF 29.2 49 -38 8.2 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 29.0 45 -34 6.9 -1.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 28.8 32 -21 9.1 +0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 27.7 95 -84 8.0 -0.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 27.5 45 -34 8.6 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 27.4 29 -18 6.4 -2.1
CN Xtrackers MSCI All China Equity ETF 27.1 50 -39 8.2 -0.2
ROAM Hartford Multifactor Emerging Markets ETF 25.4 44 -33 13.1 +4.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 25.2 25 -14 7.9 -0.5
ISEM Invesco Strategic Emerging Markets ETF 25.1 35 -24 10.7 +2.2
XCEM Columbia EM Core ex-China ETF 24.6 16 -5 7.1 -1.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.9 44 -33 9.0 +0.6
CHIL Global X MSCI China Large-Cap 50 ETF 23.2 29 -18 7.9 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 22.7 32 -21 7.2 -1.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 22.5 50 -39 10.5 +2.1
FXI iShares China Large-Cap ETF 21.6 74 -63 13.7 +5.3
VYMI Vanguard International High Dividend Yield ETF 21.2 27 -16 10.1 +1.7
RNEM Emerging Markets Equity Select ETF 21.1 75 -64 11.8 +3.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.7 32 -21 6.0 -2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.2 16 -5 6.8 -1.6
BICK First Trust BICK Index Fund 20.2 64 -53 4.4 -4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.2 40 -29 7.0 -1.5
VSGX Vanguard ESG International Stock ETF 20.0 17 -6 7.0 -1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 18.6 48 -37 9.6 +1.2
IXUS ishares Core MSCI Total International Stock ETF 17.8 9 2 7.3 -1.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.5 29 -18 10.1 +1.7
VXUS Vanguard Total International Stock Index Fund 16.4 8 3 7.4 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 16.3 8 3 7.5 -1.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.2 45 -34 14.4 +5.9
PIE Invesco DWA Emerging Markets Momentum ETF 16.1 90 -79 5.0 -3.4
ECON Columbia Emerging Markets Consumer ETF 15.2 59 -48 4.5 -3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.2 86 -75 2.3 -6.1
FDNI First Trust Dow Jones International Internet ETF 14.9 65 -54 2.2 -6.2
FRDM Freedom 100 Emerging Markets ETF 14.6 49 -38 6.7 -1.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 14.5 45 -34 9.0 +0.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 14.1 60 -49 4.4 -4.0
CWI SPDR MSCI ACWI ex-US ETF 13.8 30 -19 7.1 -1.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.7 20 -9 11.2 +2.7
FLKR Franklin FTSE South Korea ETF 13.1 9 2 8.7 +0.3
KWEB KraneShares CSI China Internet ETF 13.1 76 -65 2.0 -6.4
EWT iShares MSCI Taiwan ETF 12.5 59 -48 6.0 -2.4
EWY iShares MSCI South Korea ETF 12.5 59 -48 8.3 -0.1
FLTW Franklin FTSE Taiwan ETF 12.4 19 -8 6.2 -2.2
TTTN UP Fintech China-U.S. Internet Titans ETF 11.8 59 -48 4.2 -4.2
CQQQ Invesco China Technology ETF 11.1 70 -59 4.0 -4.4
DEM WisdomTree Emerging Markets High Dividend Fund 10.9 63 -52 14.8 +6.4
WUGI Esoterica NextG Economy ETF 10.2 75 -64 1.6 -6.8
EMFM Global X MSCI Next Emerging & Frontier ETF 10.0 66 -55 9.0 +0.6
VIGI Vanguard International Dividend Appreciation ETF 10.0 20 -9 5.5 -3.0
ACWI iShares MSCI ACWI ETF 9.8 32 -21 6.1 -2.3
OGIG O'Shares Global Internet Giants ETF 9.8 48 -37 0.8 -7.6
VPL Vanguard FTSE Pacific ETF 9.8 8 3 7.4 -1.0
AIQ Global X Future Analytics Tech ETF 9.2 68 -57 4.2 -4.2
SOCL Global X Social Media ETF 9.2 65 -54 1.9 -6.6
CHIC Global X Nasdaq China Technology ETF 8.9 66 -55 4.1 -4.3
GBUY Goldman Sachs Motif New Age Consumer ETF 8.8 50 -39 1.8 -6.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 8.6 20 -9 6.4 -2.1
IXP iShares Global Comm Services ETF 8.3 46 -35 5.7 -2.7
IGRO iShares International Dividend Growth ETF 8.3 22 -11 7.9 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 8.2 20 -9 6.3 -2.1
ESPO VanEck Vectors Video Gaming & eSports ETF 8.1 55 -44 2.7 -5.7
IXN iShares Global Tech ETF 8.0 46 -35 7.1 -1.3
IQDF FlexShares International Quality Dividend Index Fund 7.8 47 -36 8.9 +0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.4 60 -49 9.0 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 -36 9.0 +0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
BNY Mellon Emerging Markets Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 11 bp
Equals: ALTAR Score 8.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.