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
$ 41.1 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 +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.8 % |
| SAMSUNG ELECTRONICS CO LTD | 10.5 % |
| SK HYNIX INC | 6.1 % |
| GRUPO MEXICO S.A.B. DE C.V. CLASS B | 4.3 % |
| ANGLOGOLD ASHANTI LTD | 2.5 % |
| PETROBRAS - PETROLEO BRAS-PR | 2.5 % |
| OTP BANK PLC | 2.1 % |
| GOLD FIELDS LTD | 2.0 % |
| PKO BANK POLSKI SA | 2.0 % |
| NASPERS LTD-N SHS | 1.8 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 395 |
| Wgt avg mkt cap (mns) | $425,365 |
| Large cap (>$10bn) | 93.0% |
| Mid cap ($2-10bn) | 2.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 2.4% |
| Emerging mkts. | 95.0% |
Sector Breakdown
Country Exposure
 |
SOUTH KOREA | 20.9 % |
 |
TAIWAN | 18.0 % |
 |
SOUTH AFRICA | 13.1 % |
 |
INDIA | 12.3 % |
 |
BRAZIL | 11.7 % |
 |
MEXICO | 8.8 % |
 |
POLAND | 4.8 % |
 |
HUNGARY | 2.1 % |
 |
CHILE | 1.3 % |
 |
GREECE | 1.3 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 34.6% | 63.4% | 33.4% | 27.0% | -- | -- | -- | 23.3% |
| Dividend Yield | 0.6% | 6.2% | 5.9% | 4.6% | -- | -- | -- | 4.3% |
| Total Returns | 35.2% | 69.6% | 39.3% | 31.7% | -- | -- | -- | 27.6% | Ann. Volatility | 33.0% | 28.3% | 24.4% | 21.9% | -- | -- | -- | 21.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.64 | 54% |
| MSCI EAFE | 1.52 | 70% |
| MSCI Emg Mkts | 1.10 | 93% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| 30d moving avg. (EMA) | $40.75 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.00/-0.21 |
| Bollinger Bands (Upper/Lower) | $41.91/$38.64 |
| Short interest (% of AUM) | 2.2% |
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 | 61.6% | -43 bp | -1.1% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 52.4% | 0 bp | -0.5% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 51.2% | -50 bp | -1.1% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 48.1% | -51 bp | -1.1% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 45.4% | -6 bp | +1.7% |
| EEM | iShares MSCI Emerging Markets ETF | 45.3% | -6 bp | +1.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 44.7% | -45 bp | +2.0% |
| XCEM | Columbia EM Core ex-China ETF | 44.1% | -59 bp | -1.0% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 43.8% | -10 bp | +0.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 42.1% | -60 bp | +2.0% |
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 9/6/2026
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
6.7%
ALTAR SCORE™
35th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 216 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.5% 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 35th percentile
among funds in the category.
Sell-Side Consensus
$40.61
PRICE TARGET
-6.1%
UPSIDE