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AAM S&P Emerging Markets High Dividend Value ETF

ETF
EEMD
Payout Change
Pending
Price as of:
$20.085 +0.0 +0.0%
primary theme
N/A
EEMD (ETF)

AAM S&P Emerging Markets High Dividend Value ETF

Payout Change
Pending
Price as of:
$20.085 +0.0 +0.0%
primary theme
N/A
EEMD (ETF)

AAM S&P Emerging Markets High Dividend Value ETF

Payout Change
Pending
Price as of:
$20.085 +0.0 +0.0%
primary theme
N/A

Name

As of 10/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AAM S&P Emerging Markets High Dividend Value ETF

EEMD | ETF

$20.09

$7.77 M

0.00%

0.49%

Vitals

YTD Return

9.6%

1 yr return

23.6%

3 Yr Avg Return

2.9%

5 Yr Avg Return

5.9%

Net Assets

$7.77 M

Holdings in Top 10

24.0%

52 WEEK LOW AND HIGH

$20.1
$17.45
$20.34

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 139.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 10/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AAM S&P Emerging Markets High Dividend Value ETF

EEMD | ETF

$20.09

$7.77 M

0.00%

0.49%

EEMD - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AAM S&P Emerging Markets High Dividend Value ETF
  • Fund Family Name
    AAM
  • Inception Date
    Nov 28, 2017
  • Shares Outstanding
    350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rafael Zayas

Fund Description

The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index.
S&P Emerging Markets Dividend and Free Cash Flow Yield Index
The Index is a rules-based, equal-weighted index that is designed to provide exposure to the constituents of the S&P Emerging Plus LargeMidCap Index that exhibit both high dividend yield and sustainable dividend distribution characteristics, while maintaining diversified sector exposure. The Index was developed in 2017 by S&P Dow Jones Indices, a division of S&P Global (the “Index Provider”). The S&P Emerging Plus LargeMidCap Index is designed to measure the performance of large- and mid-capitalization securities in emerging markets. The S&P Emerging Plus LargeMidCap Index is comprised of equity securities, including common stock and real estate investment trusts (“REITs”), that are listed in Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Peru, the Philippines, Poland, Qatar, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey, and the United Arab Emirates (collectively, the “Emerging Markets”).
Construction of the Index begins with the universe of equity securities that are included in the S&P Emerging Plus LargeMidCap Index, have a minimum float-adjusted market capitalization of US$300 million, and have a median daily traded value of at least US$1 million. For each equity security in the S&P Emerging Plus LargeMidCap Index, the security’s dividend yield and free-cash-flow yield (i.e., a company’s cash flow from operations less capital expenditures divided by its market capitalization) are then adjusted to account for outliers. If a security’s dividend yield or free-cash-flow yield is in the top or bottom 2.5% of the S&P Emerging Plus LargeMidCap Index, the dividend yield or free-cash-flow yield, as applicable, for such security is replaced with the dividend yield or free-cash-flow yield of the security nearest to such top or bottom 2.5% threshold. The universe is then screened to keep only equity securities with a positive realized dividend yield (i.e., yield based on the total dividends paid for the most recent 12-month period) and free-cash-flow yield. The remaining securities are referred to as the “Selection Pool”.
For each security in the Selection Pool, the security’s dividend yield and free-cash-flow yield are then scored using a statistical normalization model (i.e., a tool to compare how close each yield is to the average yield for the Selection Pool) to assign a dividend
yield score and free-cash-flow yield score from zero to one for each company. The equity securities in the Selection Pool are then ranked by the product of their dividend yield score and free-cash-flow yield score, and the top five scoring securities are selected from each sector (collectively, the “Index Constituents”). The Index uses Standard & Poor’s Global Industry Classification Standards to define companies within one of the following sectors: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, communication services, and utilities. Fewer than five securities may be selected if there are fewer than five securities in the Selection Pool for a given sector.
The Index is reconstituted (i.e., Index Constituents are added or deleted and weights are reset to equal-weight) semi-annually after the close of the last business day in January and July. At the time of each reconstitution of the Index, Index Constituents are added or deleted based on company data as of the last business day of December and June, respectively, and the Index Constituents are equally-weighted based on closing prices as of five business days prior to the last business day of the reconstitution month. If an Index Constituent is removed from the S&P Emerging Plus LargeMidCap Index, such security will simultaneously be removed from the Index. Additions to the Index Constituents only take place during the semi-annual reconstitutions. If multiple share classes of a single company qualify for inclusion in the Index, only the share class with the highest liquidity, measured by median daily value traded, is selected. As of December 31, 2023, the Index included significant exposure to companies in China, India, Taiwan, and South Korea.
The Fund’s Investment Strategy
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning the Fund generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Fund’s sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.
Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities that (i) are tied economically to Emerging Markets countries and (ii) have had a positive realized annual dividend yield within the past year.
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EEMD - Performance

Return Ranking - Trailing

Period EEMD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -12.3% 31.2% 77.00%
1 Yr 23.6% -3.4% 46.0% 35.90%
3 Yr 2.9%* -14.1% 12.8% 10.64%
5 Yr 5.9%* -4.3% 12.3% 31.99%
10 Yr N/A* -1.8% 7.3% 70.32%

* Annualized

Return Ranking - Calendar

Period EEMD Return Category Return Low Category Return High Rank in Category (%)
2023 7.8% -6.5% 35.5% 57.06%
2022 -17.5% -50.1% -2.4% 9.96%
2021 -0.6% -33.1% 22.5% 27.79%
2020 -4.7% -22.1% 80.1% 96.81%
2019 6.4% -0.7% 42.0% 96.69%

Total Return Ranking - Trailing

Period EEMD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -12.3% 31.2% 77.00%
1 Yr 23.6% -3.4% 46.0% 35.90%
3 Yr 2.9%* -14.1% 12.8% 10.64%
5 Yr 5.9%* -4.3% 12.3% 31.99%
10 Yr N/A* -1.8% 7.3% N/A

* Annualized

Total Return Ranking - Calendar

Period EEMD Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -2.7% 42.0% 14.27%
2022 -11.2% -42.2% 1.9% 3.03%
2021 5.6% -32.5% 33.1% 19.08%
2020 -0.4% -20.0% 81.6% 96.65%
2019 12.6% 2.3% 42.0% 94.88%

EEMD - Holdings

Concentration Analysis

EEMD Category Low Category High EEMD % Rank
Net Assets 7.77 M 682 K 103 B 95.95%
Number of Holdings 57 10 7534 85.20%
Net Assets in Top 10 1.86 M 290 K 23.8 B 96.51%
Weighting of Top 10 24.04% 2.9% 100.2% 85.45%

Top 10 Holdings

  1. Hana Financial Group Inc 2.65%
  2. SITC International Holdings Co Ltd 2.54%
  3. COSCO SHIPPING Holdings Co Ltd 2.49%
  4. United Plantations BHD 2.45%
  5. Perusahaan Gas Negara Tbk PT 2.45%
  6. Chongqing Rural Commercial Bank Co Ltd 2.44%
  7. China Tower Corp Ltd 2.32%
  8. Kia Corp 2.28%
  9. Emaar Development PJSC 2.21%
  10. China CITIC Bank Corp Ltd 2.20%

Asset Allocation

Weighting Return Low Return High EEMD % Rank
Stocks 		94.69% 0.00% 107.82% 74.44%
Preferred Stocks 		3.43% 0.00% 13.31% 10.06%
Cash 		1.88% -2.03% 16.88% 46.37%
Other 		0.00% -0.46% 26.93% 90.50%
Convertible Bonds 		0.00% 0.00% 7.40% 96.91%
Bonds 		0.00% 0.00% 88.10% 96.93%

Stock Sector Breakdown

Weighting Return Low Return High EEMD % Rank
Utilities 		11.32% 0.00% 39.12% 0.99%
Financial Services 		11.18% 0.00% 48.86% 92.22%
Industrials 		10.90% 0.00% 43.53% 12.59%
Energy 		10.89% 0.00% 24.80% 2.97%
Basic Materials 		10.61% 0.00% 30.03% 25.60%
Consumer Cyclical 		9.44% 0.00% 48.94% 84.30%
Technology 		8.76% 0.00% 47.50% 96.89%
Consumer Defense 		7.90% 0.00% 25.90% 28.15%
Communication Services 		7.26% 0.00% 39.29% 71.15%
Real Estate 		7.20% 0.00% 17.15% 3.68%
Healthcare 		4.54% 0.00% 16.53% 37.48%

Stock Geographic Breakdown

Weighting Return Low Return High EEMD % Rank
Non US 		93.11% 0.00% 101.28% 19.27%
US 		1.58% 0.00% 100.13% 93.30%

EEMD - Expenses

Operational Fees

EEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.03% 29.98% 92.02%
Management Fee 0.49% 0.00% 2.00% 10.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

EEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EEMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 139.00% 0.00% 189.00% 96.23%

EEMD - Distributions

Dividend Yield Analysis

EEMD Category Low Category High EEMD % Rank
Dividend Yield 0.00% 0.00% 9.74% 0.42%

Dividend Distribution Analysis

EEMD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual SemiAnnual Annual

Net Income Ratio Analysis

EEMD Category Low Category High EEMD % Rank
Net Income Ratio 5.89% -1.98% 17.62% 0.72%

Capital Gain Distribution Analysis

EEMD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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EEMD - Fund Manager Analysis

Managers

Rafael Zayas

Start Date

Tenure

Tenure Rank

Nov 28, 2017

4.51

4.5%

Rafael Zayas, CFA, is Senior Vice President, Head of Portfolio Management and Trading at Vident Investment Advisory, LLC since June 2020. Mr. Zayas became SVP, Head of Portfolio Management and Trading in June 2020. From 2017 to 2020, he was a Senior Portfolio Manager – International Equity at Vident and has over 15 years of experience that includes managing international equity portfolios, including in emerging and frontier markets. Prior to joining Vident, he was a Portfolio Manager – Direct Investments for seven years at Russell Investments, a global asset manager, where he co-managed more than $4 billion in quantitative strategies across global markets, including the Russell Strategic Call Overwriting Fund, a mutual fund. Mr. Zayas also helped Russell Investments launch its sponsored ETF initiative and advised on index methodologies. Prior to joining Russell Investments, Mr. Zayas was a Portfolio Manager – Equity Indexing at Mellon Capital Management, where he managed assets for internationally listed global equity ETFs. Mr. Zayas graduated with a B.S. in Electrical Engineering from Cornell University and obtained a Certificate in Computational Finance and Risk Management from the University of Washington. He also attained the Chartered Financial Analyst designation in 2010.

Austin Wen

Start Date

Tenure

Tenure Rank

Jun 19, 2020

1.95

2.0%

Austin Wen, CFA has seven years of investment management experience. Mr. Wen is a Portfolio Manager at Vident, specializing in portfolio management and trading of equity portfolios and commodities based portfolios, as well as risk monitoring and investment analysis. Previously, Mr. Wen was an analyst for Vident Financial, working on the development and review of investment solutions. He began his career as a State Examiner for the Georgia Department of Banking and Finance. Mr. Wen obtained a BA in Finance from the University of Georgia and holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.65 13.42

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