iShares Edge MSCI Multifactor Emerging Markets ETF
ALTAR
Score™
10.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.1x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Edge MSCI Multifactor Emerging Markets ETF tracks an index of large- and midcap emerging market firms. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics to the MSCI Emerging Markets Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Dec 08, 2015
Assets (mns) $483
Currency USD
Expense ratio 45 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 238
Wgt avg mkt cap (mns) $61,561
Large cap (>$10bn) 44.9%
Mid cap ($2-10bn) 49.0%
Small cap (<$2bn) 6.1%
Developed mkts 16.3%
Emerging mkts 80.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 4.2 %
TENCENT HOLDINGS LTD 2.9 %
HYNIX SEMICONDUCTOR INC 2.8 %
YUM CHINA HOLDINGS, INC. 2.8 %
CHINA MOBILE LIMITED 2.5 %
TAIWAN SEMICONDUCTOR MANUFAC 2.4 %
INFOSYS TECHNOLOGIES LTD 2.3 %
SINO BIOPHARMACEUTICAL 2.1 %
ANGLOGOLD ASHANTI LTD 1.9 %
ANHUI CONCH CEMENT CO LTD-H 1.8 %
Total 25.6 %

TOP COUNTRY EXPOSURE
CHINA 29.3 %
TAIWAN 15.6 %
HONG KONG 11.9 %
SOUTH KOREA 9.6 %
BRAZIL 8.1 %
INDIA 5.8 %
SOUTH AFRICA 5.6 %
SAUDI ARABIA 3.1 %
QATAR 2.6 %
RUSSIA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.4% -2.4% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.89 63%
MSCI EAFE 1.03 72%
MSCI Emg. Mkts. 0.93 90%

Technical Indicators
Recent close $39.56
30d moving avg. $37.38
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 79
Turnover 0.7%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $11,617

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Edge MSCI Multifactor Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with EMGF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMGF Expense: 45 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMGF
Ticker Fund
Name
Overlap1
vs EMGF
(%)
Expense
ratio
(bp)
Savings
vs EMGF
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMGF
(%)
EMMF WisdomTree Emerging Markets Multifactor Fund 31.8 48 -3 9.9 -0.1
DVEM WisdomTree Emerging Markets Dividend Fund 29.5 32 13 9.1 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 27.8 45 0 8.7 -1.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.5 32 13 9.5 -0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 27.1 45 0 13.5 +3.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 26.5 32 13 7.9 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.5 95 -50 10.1 +0.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 23.4 30 15 9.4 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 22.7 50 -5 8.4 -1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.3 40 5 7.9 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 22.2 55 -10 8.8 -1.2
EEM iShares MSCI Emerging Markets ETF 21.9 68 -23 8.3 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 21.5 44 1 14.8 +4.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 21.4 65 -20 8.4 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 21.1 30 15 8.8 -1.2
NUEM Nuveen ESG Emerging Markets Equity ETF 20.9 45 0 7.8 -2.2
IEMG iShares Core MSCI Emerging Markets ETF 20.8 14 31 8.7 -1.3
ESGE iShares ESG MSCI EM ETF 20.4 25 20 9.7 -0.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 20.4 68 -23 8.0 -2.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 20.0 45 0 9.7 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 19.5 19 26 8.5 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.2 32 13 6.8 -3.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 19.2 25 20 8.4 -1.6
SCHE Schwab Emerging Markets Equity ETF 18.9 13 32 8.7 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.4 59 -14 11.1 +1.1
BKF iShares MSCI BRIC ETF 18.3 69 -24 8.5 -1.5
ISEM Invesco Strategic Emerging Markets ETF 18.2 35 10 10.3 +0.4
VWO Vanguard FTSE Emerging Markets ETF 18.1 10 35 8.8 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.0 49 -4 9.0 -1.0
MCHI iShares MSCI China ETF 17.9 59 -14 9.1 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.3 45 0 9.0 -1.0
GXC SPDR S&P China ETF 17.2 59 -14 8.9 -1.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 17.2 14 31 9.5 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 17.1 11 34 8.6 -1.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 17.0 64 -19 5.3 -4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 16.4 20 25 7.6 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 16.4 30 15 7.1 -2.9
FLCH Franklin FTSE China ETF 16.2 19 26 9.2 -0.8
AVEM Avantis Emerging Markets Equity ETF 16.1 33 12 9.5 -0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 16.0 39 6 13.1 +3.1
ECON Columbia Emerging Markets Consumer ETF 15.9 59 -14 4.9 -5.1
PXH Invesco FTSE RAFI Emerging Markets ETF 15.9 50 -5 13.7 +3.7
FEM First Trust Emerging Markets AlphaDEX Fund 15.7 80 -35 11.8 +1.8
PIE Invesco DWA Emerging Markets Momentum ETF 15.7 90 -45 5.7 -4.3
EWT iShares MSCI Taiwan ETF 15.5 59 -14 6.4 -3.6
GMF SPDR S&P Emerging Asia Pacific ETF 15.3 49 -4 8.0 -2.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 14.8 32 13 7.0 -3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.6 29 16 9.9 -0.1
KALL KraneShares FTSE Emerging Markets Plus ETF 14.3 49 -4 9.2 -0.8
DEM WisdomTree Emerging Markets High Dividend Fund 14.2 63 -18 14.2 +4.2
CN Xtrackers MSCI All China Equity ETF 14.1 50 -5 9.4 -0.6
CHIL Global X MSCI China Large-Cap 50 ETF 13.5 29 16 9.5 -0.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 13.5 50 -5 9.9 -0.1
WCHN WisdomTree ICBCCS S&P China 500 Fund 13.1 55 -10 9.2 -0.8
FLTW Franklin FTSE Taiwan ETF 13.0 19 26 6.7 -3.3
RNEM Emerging Markets Equity Select ETF 12.7 75 -30 10.4 +0.4
EMXC iShares MSCI Emerging Markets ex China ETF 12.7 49 -4 8.4 -1.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 12.1 70 -25 13.0 +3.0
FCA First Trust China AlphaDEX Fund 11.3 80 -35 15.0 +5.0
BICK First Trust BICK Index Fund 11.2 64 -19 4.4 -5.6
AXJL WisdomTree Asia Pacific ex-Japan Fund 11.2 48 -3 10.0 +0.0
AIA iShares Asia 50 ETF 11.1 50 -5 8.9 -1.1
XCEM Columbia EM Core ex-China ETF 10.8 16 29 7.8 -2.2
FXI iShares China Large-Cap ETF 10.8 74 -29 13.5 +3.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.6 16 29 7.1 -2.9
OBOR KraneShares MSCI One Belt One Road Index ETF 10.3 79 -34 9.7 -0.3
ACWF iShares FactorSelect MSCI Global ETF 10.2 35 10 8.1 -1.9
CHIQ Global X China Consumer ETF 9.9 65 -20 9.2 -0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 9.8 49 -4 8.3 -1.7
FLKR Franklin FTSE South Korea ETF 9.6 9 36 9.7 -0.3
EWY iShares MSCI South Korea ETF 9.5 59 -14 9.1 -0.9
VIDI Vident International Equity Fund 9.4 59 -14 11.3 +1.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 9.4 51 -6 13.4 +3.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.3 47 -2 12.7 +2.7
VSGX Vanguard ESG International Stock ETF 9.1 17 28 7.4 -2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.9 29 16 12.2 +2.2
AIQ Global X Future Analytics Tech ETF 8.7 68 -23 4.2 -5.8
ACWX iShares MSCI ACWI ex U.S. ETF 8.4 32 13 7.5 -2.5
FLLA Franklin FTSE Latin America ETF 8.4 19 26 6.9 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.4 40 5 7.4 -2.6
FLBR Franklin FTSE Brazil ETF 8.1 19 26 5.3 -4.7
EWZ iShares MSCI Brazil Capped ETF 8.0 59 -14 4.8 -5.2
FKO First Trust South Korea AlphadDEX Fund 8.0 80 -35 8.9 -1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.6 86 -41 2.3 -7.7
IXUS ishares Core MSCI Total International Stock ETF 7.5 9 36 7.6 -2.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.5 80 -35 1.7 -8.3
KWEB KraneShares CSI China Internet ETF 7.5 76 -31 3.4 -6.6
JOYY Infusive Compounding Global Equities ETF 7.4 50 -5 3.9 -6.1
IQDF FlexShares International Quality Dividend Index Fund 7.2 47 -2 12.9 +3.0
GENY Principal Millennials Index ETF 7.2 45 0 4.0 -6.0
SDEM Global X SuperDividend Emerging Markets ETF 7.2 67 -22 22.6 +12.6
DWCR Arrow DWA Country Rotation ETF 7.2 95 -50 17.6 +7.6
PEK VanEck Vectors ChinaAMC CSI 300 ETF 7.2 60 -15 8.1 -1.9
TTTN UP Fintech China-U.S. Internet Titans ETF 7.2 59 -14 5.0 -5.0
FDNI First Trust Dow Jones International Internet ETF 7.2 65 -20 2.8 -7.2
OGIG O'Shares Global Internet Giants ETF 7.2 48 -3 0.5 -9.5
VXUS Vanguard Total International Stock Index Fund 7.1 8 37 7.7 -2.3
GBUY Goldman Sachs Motif New Age Consumer ETF 7.0 50 -5 2.1 -7.9
EDIV SPDR S&P Emerging Markets Dividend ETF 6.9 49 -4 11.5 +1.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 6.9 63 -18 13.2 +3.2

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:
iShares Edge MSCI Multifactor Emerging Markets ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.