EMDM
First Trust Bloomberg Emerging Market Democracies ETF
EMDM follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 33.1 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | Mar 02, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG ELECTRONICS CO LTD | 12.3 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 12.0 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 4.2 % |
| HYNIX SEMICONDUCTOR INC | 3.5 % |
| PETROBRAS - PETROLEO BRAS-PR | 2.4 % |
| ANGLOGOLD ASHANTI LTD | 2.3 % |
| OTP BANK PLC | 2.1 % |
| NASPERS LTD-N SHS | 2.1 % |
| VALE SA | 2.0 % |
| PKO BANK POLSKI SA | 1.8 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 383 |
| Wgt avg mkt cap (mns) | $235,418 |
| Large cap (>$10bn) | 95.6% |
| Mid cap ($2-10bn) | 0.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 2.1% |
| Emerging mkts. | 95.3% |
Sector Breakdown
Country Exposure
 |
SOUTH KOREA | 20.4 % |
 |
TAIWAN | 18.6 % |
 |
SOUTH AFRICA | 13.0 % |
 |
INDIA | 12.5 % |
 |
BRAZIL | 11.9 % |
 |
MEXICO | 8.9 % |
 |
POLAND | 4.6 % |
 |
HUNGARY | 2.1 % |
 |
CHILE | 1.3 % |
 |
GREECE | 1.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 37.7% | 83.8% | 38.4% | 29.0% | -- | -- | -- | 26.3% |
| Dividend Yield | 0.0% | 2.2% | 4.6% | 3.9% | -- | -- | -- | 3.5% |
| Total Returns | 37.7% | 86.0% | 42.9% | 32.9% | -- | -- | -- | 29.8% | Ann. Volatility | 32.7% | 24.0% | 22.4% | 20.3% | -- | -- | -- | 20.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.43 | 49% |
| MSCI EAFE | 1.31 | 67% |
| MSCI Emg Mkts | 1.13 | 86% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $1 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $40.64 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 1.00/0.88 |
| Bollinger Bands (Upper/Lower) | $43.71/$38.96 |
| Short interest (% of AUM) | 5.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMDM |
Expenses vs. EMDM |
ALTAR Score™ vs. EMDM |
|---|---|---|---|---|
| STXE | Strive Emerging Markets Ex-China ETF | 59.7% | -43 bp | -1.1% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 52.2% | 0 bp | -0.5% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 50.2% | -51 bp | -1.0% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 50.0% | -50 bp | -1.1% |
| XCEM | Columbia EM Core ex-China ETF | 46.6% | -59 bp | -1.0% |
| EEM | iShares MSCI Emerging Markets ETF | 43.9% | -6 bp | +1.6% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 43.9% | -6 bp | +1.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 43.2% | -45 bp | +1.8% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 42.4% | -10 bp | +0.3% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 40.8% | -5 bp | +0.8% |
Risk and Returns: EMDM 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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 Rating
6.3%
ALTAR SCORE™
34th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. EMDM's ALTAR Score™ is approximately -0.4 standard
deviations above the category average. This places EMDM in the 34th percentile
among funds in the category.
Sell-Side Consensus
$41.33
PRICE TARGET
-6.4%
UPSIDE