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iShares Emerging Markets Equity Factor ETF
ETF
EMGF
Payout Change
Pending
Price as of:
$46.68
-0.1
-0.21%
primary theme
Emerging Markets Equity
EMGF (ETF)
iShares Emerging Markets Equity Factor ETF
Payout Change
Pending
Price as of:
$46.68
-0.1
-0.21%
primary theme
Emerging Markets Equity
EMGF (ETF)
iShares Emerging Markets Equity Factor ETF
Payout Change
Pending
Price as of:
$46.68
-0.1
-0.21%
primary theme
Emerging Markets Equity
Name
As of 11/15/2024Price
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
Vitals
YTD Return
10.1%
1 yr return
16.2%
3 Yr Avg Return
0.4%
5 Yr Avg Return
5.1%
Net Assets
$571 M
Holdings in Top 10
24.6%
52 WEEK LOW AND HIGH
$46.8
$40.57
$51.49
Expenses
OPERATING FEES
Expense Ratio 0.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/15/2024Price
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
EMGF - Profile
Distributions
- YTD Total Return 10.1%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.44%
- Dividend Yield 1.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameiShares Emerging Markets Equity Factor ETF
-
Fund Family NameBlackRock-advised Funds
-
Inception DateDec 08, 2015
-
Shares Outstanding19300000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGreg Savage
Fund Description
The Fund seeks to track the investment results of the STOXX Emerging Markets Equity Factor Index (the “Underlying Index”), which is a rules-based equity index provided by STOXX Ltd. (the “Index Provider” or “STOXX”). The Underlying Index is composed of large- and mid-capitalization equity securities from the STOXX Emerging Markets Index (the “Parent Index”) that are selected and weighted using an optimization process designed to maximize exposure to five target factors: momentum, quality, value, low volatility and size. The Underlying Index seeks to control exposure to, among
other things, industries and countries, limit turnover and maintain a level of risk similar to that of the Parent Index. The Parent Index is a free float market capitalization-weighted index designed to measure the performance of large- and mid-capitalization companies from emerging markets. Large- and mid-capitalization companies, as calculated by the Index Provider, represent approximately the top 85% of the investable market capitalization of each emerging market country included in the Parent Index, as determined by STOXX.
The momentum score is calculated from the following signals: price momentum, earnings momentum and earnings announcement drift (i.e., the difference between a stock’s performance on and immediately following an earnings announcement date).
The quality score is calculated from the following signals: gross profitability, share dilution, accruals, changes in net operating assets, carbon emissions intensity and greenhouse gas (“GHG”) reduction targets. Carbon emissions intensity is based on the issuer’s Scope 1 and Scope 2 GHG emissions (i.e., direct emissions from sources that an issuer owns or controls and indirect emissions from the issuer’s purchase of energy) relative to peers in its Industry
Classification Benchmark (“ICB”) Supersector, as reported by Institutional Shareholder Services (“ISS”). The GHG targets signal is based on the robustness of an issuer’s GHG reduction targets, including whether they are part of the Science Based Targets initiative “SBTi”) framework; this is assessed by ISS based on its own ESG ratings data and SBTi data.
The value score is calculated from the following signals: current book value-to-price ratio, dividend yield (i.e., 12-month trailing dividend divided by total market capitalization), earnings yield (i.e., 12-month net income divided by total market capitalization), cash flow yield i.e., 12-month cash flow divided by total market capitalization) and time series normalized cash flow yield over the previous 36 months.
The low volatility score is based on prior 12-month volatility, as calculated by the Index Provider.
The size score seeks to measure an issuer’s market capitalization relative to other companies in the Parent Index.
The maximum weight of a single security is 10%, and the sum of security weights that are individually greater than 4.5% must be less than 22.5% of the Underlying Index. The Index Provider also applies other constraints, such as country and sector exposures relative to the Parent Index, among others. The Underlying Index is reviewed and rebalanced quarterly.
As of August 31, 2023, the Underlying Index consisted of approximately 588 constituents from companies in the following countries or regions: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Philippines, Poland, Qatar, Saudi Arabia,
South Africa, South Korea, Taiwan, Thailand, Turkey and the United Arab Emirates.
As of August 31, 2023, a significant portion of the Underlying Index is represented by securities of companies in the financials and technology industries or sectors. The components of the Underlying Index are likely to change over time.
BFA uses an indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index. The Fund
may or may not hold all of the securities in the Underlying Index.
The Fund generally will invest at least 80% of its assets in the component securities of its Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of its Underlying Index (i.e., depositary receipts representing securities of the Underlying Index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. Cash and cash equivalent investments associated with a derivative position will be treated as part of that position for the purposes of calculating the percentage of investments included in the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.
The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).
The Underlying Index is sponsored by STOXX, which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
Industry Concentration Policy. The Fund will concentrate its investments i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same
extent that the Underlying Index is concentrated. For purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.
EMGF - Performance
Return Ranking - Trailing
| Period | EMGF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | -12.1% | 34.0% | 64.74% |
| 1 Yr | 16.2% | -6.6% | 43.9% | 78.98% |
| 3 Yr | 0.4%* | -14.0% | 11.4% | 23.13% |
| 5 Yr | 5.1%* | -4.7% | 11.9% | 30.10% |
| 10 Yr | N/A* | -2.0% | 6.9% | 67.88% |
* Annualized
Return Ranking - Calendar
| Period | EMGF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.4% | -6.5% | 35.5% | 88.62% |
| 2022 | -19.7% | -50.1% | -2.4% | 16.38% |
| 2021 | 4.1% | -33.1% | 22.5% | 11.50% |
| 2020 | 7.9% | -22.1% | 80.1% | 86.06% |
| 2019 | 17.6% | -0.7% | 42.0% | 54.39% |
Total Return Ranking - Trailing
| Period | EMGF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.1% | -12.1% | 34.0% | 64.74% |
| 1 Yr | 16.2% | -6.6% | 43.9% | 78.98% |
| 3 Yr | 0.4%* | -14.0% | 11.4% | 23.13% |
| 5 Yr | 5.1%* | -4.7% | 11.9% | 30.10% |
| 10 Yr | N/A* | -2.0% | 6.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | EMGF Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -2.7% | 42.0% | 50.98% |
| 2022 | -16.6% | -42.2% | 1.9% | 15.22% |
| 2021 | 6.7% | -32.5% | 33.1% | 16.56% |
| 2020 | 10.3% | -20.0% | 81.6% | 81.25% |
| 2019 | 20.9% | 2.3% | 42.0% | 50.25% |
EMGF - Holdings
Concentration Analysis
| EMGF | Category Low | Category High | EMGF % Rank | |
|---|---|---|---|---|
| Net Assets | 571 M | 682 K | 103 B | 46.98% |
| Number of Holdings | 609 | 9 | 7534 | 8.84% |
| Net Assets in Top 10 | 164 M | 290 K | 23.8 B | 48.81% |
| Weighting of Top 10 | 24.57% | 2.9% | 101.1% | 84.69% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 8.53%
- Samsung Electronics Co Ltd 3.73%
- Tencent Holdings Ltd 3.48%
- Alibaba Group Holding Ltd 1.94%
- Infosys Ltd 1.41%
- Tata Consultancy Services Ltd 1.26%
- Meituan 1.09%
- HDFC Bank Ltd 1.06%
- BlackRock Cash Funds: Treasury, SL Agency Shares 1.04%
- China Construction Bank Corp 1.04%
Asset Allocation
| Weighting | Return Low | Return High | EMGF % Rank | |
|---|---|---|---|---|
| Stocks | 98.24% | 0.00% | 107.82% | 32.68% |
| Cash | 1.78% | -2.03% | 98.08% | 48.81% |
| Preferred Stocks | 1.51% | 0.00% | 13.31% | 33.38% |
| Other | 0.01% | -1.11% | 26.93% | 20.90% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 96.47% |
| Bonds | 0.00% | 0.00% | 88.10% | 96.35% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EMGF % Rank | |
|---|---|---|---|---|
| Technology | 20.10% | 0.00% | 47.50% | 67.90% |
| Financial Services | 16.99% | 0.00% | 48.86% | 77.13% |
| Consumer Cyclical | 14.23% | 0.00% | 48.94% | 29.12% |
| Basic Materials | 12.61% | 0.00% | 30.03% | 10.23% |
| Industrials | 7.11% | 0.00% | 43.53% | 33.95% |
| Healthcare | 6.40% | 0.00% | 16.53% | 21.02% |
| Energy | 6.39% | 0.00% | 24.80% | 19.74% |
| Communication Services | 5.90% | 0.00% | 39.29% | 81.11% |
| Utilities | 4.77% | 0.00% | 39.12% | 5.54% |
| Consumer Defense | 3.76% | 0.00% | 25.90% | 82.39% |
| Real Estate | 1.74% | 0.00% | 17.15% | 43.61% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EMGF % Rank | |
|---|---|---|---|---|
| Non US | 98.04% | 0.00% | 100.18% | 2.38% |
| US | 0.20% | 0.00% | 100.95% | 98.04% |
EMGF - Expenses
Operational Fees
| EMGF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | 29.98% | 97.19% |
| Management Fee | 0.25% | 0.00% | 2.00% | 4.78% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| EMGF 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
| EMGF 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.
| EMGF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 49.00% | 0.00% | 189.00% | 55.00% |
EMGF - Distributions
Dividend Yield Analysis
| EMGF | Category Low | Category High | EMGF % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.55% | 0.00% | 9.74% | 2.95% |
Dividend Distribution Analysis
| EMGF | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| EMGF | Category Low | Category High | EMGF % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.44% | -1.98% | 17.62% | 10.19% |
Capital Gain Distribution Analysis
| EMGF | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 11, 2024 | $0.386 | OrdinaryDividend |
| Dec 20, 2023 | $2.110 | OrdinaryDividend |
| Jun 07, 2023 | $0.435 | OrdinaryDividend |
| Dec 13, 2022 | $1.206 | OrdinaryDividend |
| Jun 09, 2022 | $0.452 | OrdinaryDividend |
| Dec 30, 2021 | $0.029 | OrdinaryDividend |
| Dec 13, 2021 | $0.901 | OrdinaryDividend |
| Jun 10, 2021 | $0.340 | OrdinaryDividend |
| Dec 14, 2020 | $0.547 | OrdinaryDividend |
| Jun 15, 2020 | $0.409 | OrdinaryDividend |
| Dec 16, 2019 | $0.751 | OrdinaryDividend |
| Jun 17, 2019 | $0.449 | OrdinaryDividend |
| Dec 18, 2018 | $0.733 | OrdinaryDividend |
| Jun 19, 2018 | $0.323 | OrdinaryDividend |
| Dec 28, 2017 | $0.038 | ExtraDividend |
| Dec 19, 2017 | $0.659 | OrdinaryDividend |
| Jun 20, 2017 | $0.266 | OrdinaryDividend |
| Dec 21, 2016 | $0.599 | OrdinaryDividend |
| Jun 22, 2016 | $0.126 | OrdinaryDividend |
EMGF - Fund Manager Analysis
Managers
Greg Savage
Start Date
Tenure
Tenure Rank
Dec 08, 2015
6.48
6.5%
Greg Savage, Managing Director; has been associated with BlackRock Fund Advisors since 2009. Mr. Savage has been a senior portfolio manager for BFA and BTC since 2009. Prior to his employment with BFA and BTC, Mr. Savage was a senior portfolio manager from 2006 to 2009 for BGFA and BGI and a portfolio manager from 2001 to 2006 for BGFA and BGI.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Dec 08, 2015
6.48
6.5%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Dec 28, 2018
3.42
3.4%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.66 | 13.42 |
