EMGF
iShares Emerging Markets Equity Factor ETF
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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 2.0 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Inception date | Dec 08, 2015 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.1 % |
| SAMSUNG ELECTRONICS CO LTD | 8.5 % |
| TENCENT HOLDINGS LTD | 2.6 % |
| HYNIX SEMICONDUCTOR INC | 2.5 % |
| MEDIATEK INC | 2.2 % |
| ALIBABA GROUP HOLDING LTD. | 2.1 % |
| DELTA ELECTRONICS INC | 1.3 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
| HYUNDAI MOTOR CO | 0.8 % |
Constituent Breakdown
| Number of holdings | 608 |
| Herfindahl-Hirschman Index | 248 |
| Wgt avg mkt cap (mns) | $238,573 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 19.0% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 1.9% |
| Emerging mkts. | 90.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 24.6 % |
 |
SOUTH KOREA | 19.8 % |
 |
CHINA | 15.0 % |
 |
INDIA | 10.0 % |
 |
BRAZIL | 2.8 % |
 |
SAUDI ARABIA | 1.8 % |
 |
UAE | 1.8 % |
 |
SOUTH AFRICA | 1.7 % |
 |
MEXICO | 1.4 % |
 |
HONG KONG | 1.0 % |
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 | 27.1% | 49.0% | 26.4% | 22.2% | 6.2% | 7.9% | -- | 7.8% |
| Dividend Yield | 0.0% | 4.1% | 3.9% | 5.0% | 4.0% | 3.3% | -- | 3.1% |
| Total Returns | 27.1% | 53.1% | 30.2% | 27.2% | 10.2% | 11.2% | -- | 10.9% | Ann. Volatility | 26.8% | 19.8% | 19.4% | 17.6% | 17.6% | 19.6% | -- | 20.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.27 | 57% |
| MSCI EAFE | 1.07 | 66% |
| MSCI Emg Mkts | 0.99 | 98% |
Liquidity Measures
| Avg. volume (000) | 170 |
| ADV traded (mns) | $13 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.15% |
Technical Indicators
| 30d moving avg. (EMA) | $69.94 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 1.62/1.56 |
| Bollinger Bands (Upper/Lower) | $74.79/$67.91 |
| Short interest (% of AUM) | 0.5% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMGF |
Expenses vs. EMGF |
ALTAR Score™ vs. EMGF |
|---|---|---|---|---|
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 59.5% | +44 bp | -1.3% |
| EEM | iShares MSCI Emerging Markets ETF | 59.2% | +44 bp | -1.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 57.5% | +5 bp | -0.8% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 55.9% | -16 bp | -0.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 55.7% | -10 bp | -0.7% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 55.5% | +45 bp | -1.8% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 55.1% | -14 bp | -1.0% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 54.9% | +11 bp | -1.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 54.5% | +41 bp | -1.6% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 53.6% | +20 bp | -0.9% |
Risk and Returns: EMGF 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
8.9%
ALTAR SCORE™
76th
PERCENTILE
OVERWEIGHT
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%. EMGF's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places EMGF in the 76th percentile
among funds in the category.
Sell-Side Consensus
$79.62
PRICE TARGET
+4.6%
UPSIDE