IEMG Fund Description

The iShares Core MSCI Emerging Markets ETF tracks a market-cap-weighted index of emerging markets firms, covering 99% of market capitalization.

IEMG ETF.com Insight

IEMG offers outstanding coverage of emerging markets in a low priced and liquid package. As part of the new line of 'Core' ETFs from BlackRock, it offers very similar but slightly morecheap, liquid, and comprehensive exposure to the total emerging markets comprehensive exposure than its sister fund EEM. Unlike EEM, IEMG includes smaller firms, though their impact in the cap-weighted is muted. It is also cheaper, charging just 18 bps a year (compared with EEM's 69 bps). Since its October 2012 launch, IEMG has quickly amassed a huge asset base ($5B) and very deep liquidity. IEMG is our "Analyst Pick" in the segment for long-term investors who are looking for cheap, liquid, and comprehensive exposure to the total emerging market, (including South Korea). (Insight updated 08/19/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 11/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
IEMG 2.86% -5.41% 2.70% 3.75% -- -- --
IEMG (NAV) 2.13% -6.75% 2.43% 2.67% -- -- --
MSCI Emerging Markets Investable Market Index 2.10% -6.68% 2.71% 2.78% 6.21% 3.48% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IEMG Top 10 Countries View All

IEMG Top 10 Sectors

IEMG Top 10 Holdings View All

IEMG Summary Data

BlackRock

A company that produces and manages ETFs.

10/22/12

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.18%

The net total annual fee a fund holder pays to the issuer.

$6.04 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$97.14 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

IEMG Portfolio Data

$39.66 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

13.38

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.44

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.84%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/17/14

The date on which a security's price excludes an upcoming dividend.

1,752

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

IEMG Index Data

MSCI Emerging Markets
Investable Market Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI Emerging Markets
Investable Market Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to IEMG

EEM, VWO, SCHE, DBEM, GMM

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

IEMG ETF.com Efficiency Insight

IEMG has attracted assets very quickly since its launch in 2012. It has amassed over $5B in AUM so fund closure risk is practically nil. IEMG's 18 bp expense ratio puts it on sound footing in Efficiency. Better still, the fund tracks its index so well that it’s effectively free to own. (Insight updated 08/19/2014)

Total Return - 11/21/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 11/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
IEMG 2.86% -5.41% 2.70% 3.75% -- -- --
IEMG (NAV) 2.13% -6.75% 2.43% 2.67% -- -- --
MSCI Emerging Markets Investable Market Index 2.10% -6.68% 2.71% 2.78% 6.21% 3.48% --
MSCI Emerging Markets Investable Market Index 2.10% -6.68% 2.71% 2.78% 6.21% 3.48% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

IEMG Portfolio Management

0.18%

The net annual fee a fund holder pays to the issuer.

-0.04%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

0.13%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.22%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

IEMG Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

IEMG Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

75% / 25%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

IEMG ETF.com Tradability Insight

Thanks to the fund's early success in gathering assets, IEMG can be traded cheaply. It may not get the volume of EEM or VWO, but it should provide plenty of liquidity for retail investors. More than $30M changes hands most days and spreads average just 3 bps. That’s serious liquidity. Although it’s not designed for institutions, it can be trade cheaply in size as well. (Insight updated 08/19/2014)



Average Spread
Premium/Discount
Volume

IEMG ETF.com/ Block LiquidityAs of 11/24/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of IEMG. IEMG is rated a 5 out of 5.

IEMG Tradability

1,955,362

It is the daily number of shares traded, averaged over the past 45 trading days.

$97.14 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

1,797,804

Median number of shares traded over the past 45 trading days.

$89.99 M

Median dollar value of shares traded over the past 45 trading days.

0.02%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.22%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

1.81% / -2.25%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

18.33%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

100,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

17.98

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.16%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.22%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

654

The total number of net outstanding options contracts for an ETF.

$49.9

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

IEMG ETF.com Fit Insight

IEMG delivers outstanding emerging markets coverage. It tracks the same index as our segment benchmark, so it registers a very high score here. The fund aligns extremely well with our benchmark by sector and by country. IEMG, unlike some competitors, includes South Korea (15% of portfolio by weight). As such it will aligns with sister fund EEM but not with its archrival VWO, which no longer holds South Korea. (Insight updated 08/19/2014)

IEMG Geographic ExposureView All

IEMG Segment Benchmark
14.72% 14.59%

13.53% 13.25%

9.44% 9.19%

7.91% 7.78%

7.41% 7.30%

6.76% 6.71%

5.15% 5.08%

4.06% 3.99%

17.73% 19.02%

IEMG Segment Benchmark
66.51% 65.55%

17.10% 16.73%

8.45% 9.36%

7.81% 8.25%

0.13% 0.11%

35.12% / 64.88% 35.28% / 64.72%

IEMG Performance Statistics

1.00

The degree to which the fund and its segment benchmark move up and down in unison.

1.00

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.00

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.01%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI Emerging Markets
Investable Market Index

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

IEMG Benchmark Comparison

IEMG
1752 Holdings
Segment Benchmark
2569 Constituents
Shared Holdings
1691 (Count)
 
94.32% (Weight)
IEMGSegment Benchmark
$40.1 B$39.66 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

53%52%
30%31%
13%13%
4%3%
12.9813.38

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.441.44

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

2.38%2.36%

The weighted average of the current yield on the portfolio’s holdings.

25691752

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

LowLow

The level of return contribution attributable to the average portfolio constituent.