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Trending ETFs

EMQQ The Emerging Markets Internet & Ecommerce ETF

ETF
EMQQ
Payout Change
Pending
Price as of:
$31.2 +0.1 +0.32%
primary theme
Emerging Markets Equity
EMQQ (ETF)

EMQQ The Emerging Markets Internet & Ecommerce ETF

Payout Change
Pending
Price as of:
$31.2 +0.1 +0.32%
primary theme
Emerging Markets Equity
EMQQ (ETF)

EMQQ The Emerging Markets Internet & Ecommerce ETF

Payout Change
Pending
Price as of:
$31.2 +0.1 +0.32%
primary theme
Emerging Markets Equity

Name

As of 03/27/2024

Price

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

$31.20

$368 M

0.79%

$0.24

0.86%

Vitals

YTD Return

1.3%

1 yr return

0.6%

3 Yr Avg Return

-20.8%

5 Yr Avg Return

-0.2%

Net Assets

$368 M

Holdings in Top 10

63.8%

52 WEEK LOW AND HIGH

$31.1
$27.71
$33.63

Expenses

OPERATING FEES

Expense Ratio 0.86%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 71.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 03/27/2024

Price

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

$31.20

$368 M

0.79%

$0.24

0.86%

EMQQ - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return -20.8%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.61%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    EMQQ The Emerging Markets Internet & Ecommerce ETF
  • Fund Family Name
    EXCHANGE TRADED CONCEPTS TRUST
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    20503244
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dustin Lewellyn

Fund Description

The Fund invests in securities comprising the Index or in depositary receipts representing securities of the Index. The Index was designed by EMQQ Global LLC (the “Index Provider”) to measure the performance of an investable universe of publicly-traded, emerging market internet and ecommerce companies. Companies eligible for inclusion in the Index will derive a majority of their assets or revenues from internet and ecommerce activities in emerging market nations (collectively, “Internet Companies”). Internet Companies include constituents from, but not limited to, companies in the following sectors, as defined by the Index Provider: Internet Services, Internet Retail, Internet Broadcasting, Internet Media, Online Advertising, Online Travel, Online Gaming, Search Engines, and Social Networks. Products and/or services of Internet Companies may include internet, mobile, and telecommunication value-added services, online advertising, online direct sales, internet security software and services, mobile applications, e-mail service, web portals, electronic media subscription services, online entertainment, and online gaming services. Internet Companies eligible for inclusion in the Index must hold a majority of their assets in or derive a majority of their revenues from one or more of the following 46 currently eligible emerging market or frontier market nations: Argentina, Bahrain, Bangladesh, Brazil, Chile, China, Colombia, Croatia, Czech Republic, Egypt, Estonia, Greece, Hungary, India, Indonesia, Jordan, Kazakhstan, Kenya, Kuwait, Lebanon, Lithuania, Malaysia, Mauritius, Mexico, Morocco, Nigeria, Oman, Pakistan, Peru, Philippines, Poland, Qatar, Romania, Russia, Saudi Arabia, Serbia, Slovenia, South Africa, South Korea, Sri Lanka, Taiwan, Thailand, Tunisia, Turkey, United Arab Emirates, and Vietnam. From time to time, the Index may be more heavily weighted in a single country or a small number of countries. As of December 1, 2023, Chinese and Hong Kong securities composed a significant portion of the Index. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the types of securities suggested by its name (i.e., investments connoted by its Index). The Fund anticipates meeting this policy because, under normal circumstances, at least 80% of its total assets is invested in securities of the Index or in depositary receipts representing securities of the Index.

Eligible Index constituents include publicly issued common equity securities, exchange-traded American Depositary Receipts (“ADRs”), American Depositary Shares (“ADSs”), Global Depositary Receipts (“GDRs”), and International Depositary Receipts (“IDRs”) of Internet Companies that have a free-float adjusted market capitalization of at least $300 million at the time of inclusion in the Index. A free-float adjusted market capitalization of at least $200 million is required for ongoing inclusion in the Index. Index constituents are weighted by their modified float-adjusted market capitalization in accordance with the index methodology developed by the Index Provider. “Float-adjusted” means that the share amounts used in calculating the Index reflect only shares available to investors. Eligible constituents must have a three-month average daily turnover of at least $1 million. Shares held by control groups, public companies and government agencies are excluded. Companies traded in markets with restrictions on foreign ownership may be excluded from the Index as well.

The target weight of any single position is limited to 8% of the Index. At each semi-annual rebalance of the Index, any security with an Index weighting of greater than 8% will be rebalanced back to 8% and the excess weighting will be applied proportionally to all remaining Index constituents. Then, all positions whose float-adjusted market capitalization weights are over 5% are added together. If the total weight is less than 50%, no further modifications are made. If the total weight is equal to or greater than 50% then the highest weighted position is capped at 8%. The excess weight is then applied on a pro-rata basis to all the remaining index constituents and the process is then repeated, if necessary, with the next largest stock being capped at a weight 0.5% less than the previous constituent (i.e., 7.5%, 7%, 6.5%, 6%, 5.5%, 5%, 4.5%) until the total combined weight of index constituents over 5% is less than 50%. The 4.5% maximum target weight is then applied to all the remaining stocks. Due to market actions, security weights may fluctuate above the targeted caps set forth above between semi-annual Index rebalances. As of December 1, 2023, the Index comprised 95 securities and the average free float market capitalization of the Index components was $17.549 billion.

Solactive AG (the “Index Administrator”) rebalances the Index semi-annually on the third Friday of June and December. Index maintenance performed by the Index Administrator includes monitoring and implementing any adjustments, additions and deletions to the Index based upon the Index methodology or certain corporate actions, such as initial public offerings, mergers, acquisitions, bankruptcies, suspensions, de-listings, tender offers and spin-offs. The Index is unmanaged and cannot be invested in directly.

The Fund employs a “passive management” investment strategy in seeking to achieve its investment objective. The Fund generally will use a replication methodology, meaning it will invest in all of the securities comprising the Index in proportion to the weightings in the Index. However, the Fund may utilize a sampling methodology under various circumstances, including when it may not be possible or practicable to purchase all of the securities in the Index. Exchange Traded Concepts, LLC (the “Adviser”) expects that over time, if the Fund has sufficient assets, the correlation between the Fund’s performance, before fees and expenses, and that of the Index will be 95% or better. A figure of 100% would indicate perfect correlation.

The Fund may invest up to 20% of its assets in investments that are not included in the Index, but which the Adviser or Penserra Capital Management LLC (the “Sub-Adviser” or “Penserra”) believe will help the Fund track the Index. Such investments include cash and cash equivalents, other investment companies and other securities not included in the Index.

The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Index concentrates in an industry or group of industries. As of December 1, 2023, the Index was concentrated in the Online Services Industry. In addition, in replicating the Index, the Fund may from time to time invest a significant portion of its assets in the securities of companies in one or more sectors. As of December 1, 2023, a significant portion of the Index consisted of companies in the Technology Sector.

The Index Provider is not affiliated with the Fund, the Adviser, or the Sub-Adviser. The Index Provider developed the methodology for determining the securities to be included in the Index and for the ongoing maintenance of the Index. The Index is calculated by the Index Administrator, which is not affiliated with the Fund, the Adviser, the Sub-Adviser, or the Index Provider.

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EMQQ - Performance

Return Ranking - Trailing

Period EMQQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -5.9% 14.1% 78.98%
1 Yr 0.6% -6.8% 41.8% 98.25%
3 Yr -20.8%* -22.5% 9.1% 99.86%
5 Yr -0.2%* -7.1% 11.5% 92.56%
10 Yr N/A* -2.2% 6.9% 65.94%

* Annualized

Return Ranking - Calendar

Period EMQQ Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -6.5% 35.5% 92.85%
2022 -30.7% -50.1% -2.4% 87.90%
2021 -32.5% -33.1% 22.5% 99.12%
2020 80.1% -22.1% 80.1% 0.15%
2019 32.2% -0.7% 42.0% 1.12%

Total Return Ranking - Trailing

Period EMQQ Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -5.9% 14.1% 78.98%
1 Yr 0.6% -6.8% 41.8% 98.25%
3 Yr -20.8%* -22.5% 9.1% 99.86%
5 Yr -0.2%* -7.1% 11.5% 92.56%
10 Yr N/A* -2.2% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period EMQQ Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -2.7% 42.0% 95.41%
2022 -30.7% -42.2% 1.9% 92.21%
2021 -32.5% -32.5% 33.1% 100.00%
2020 80.5% -20.0% 81.6% 0.61%
2019 33.9% 2.3% 42.0% 0.96%

EMQQ - Holdings

Concentration Analysis

EMQQ Category Low Category High EMQQ % Rank
Net Assets 368 M 653 K 96.1 B 54.67%
Number of Holdings 123 10 6829 39.20%
Net Assets in Top 10 290 M 299 K 17.9 B 36.53%
Weighting of Top 10 63.77% 2.9% 122.2% 0.40%

Top 10 Holdings

  1. PDD HOLDINGS INC DEPOSITARY RECEIPT 15.92%
  2. TENCENT HOLDINGS LTD COMMON STOCK 7.47%
  3. MERCADOLIBRE INC COMMON STOCK 7.25%
  4. RELIANCE INDUSTRIES LTD COMMON STOCK 6.74%
  5. ALIBABA GROUP HOLDING LTD COMMON STOCK 6.60%
  6. MEITUAN-CLASS B COMMON STOCK 4.97%
  7. NETEASE INC COMMON STOCK 4.19%
  8. NASPERS LTD-N SHS COMMON STOCK 4.02%
  9. BAIDU INC-CLASS A COMMON STOCK 3.38%
  10. JD.COM INC-CLASS A COMMON STOCK 3.23%

Asset Allocation

Weighting Return Low Return High EMQQ % Rank
Stocks
100.04% 0.00% 103.65% 5.20%
Preferred Stocks
0.00% 0.00% 10.17% 75.07%
Other
0.00% -1.64% 50.31% 51.47%
Convertible Bonds
0.00% 0.00% 7.40% 37.32%
Cash
0.00% -2.03% 20.51% 97.60%
Bonds
0.00% 0.00% 94.30% 46.00%

Stock Sector Breakdown

Weighting Return Low Return High EMQQ % Rank
Consumer Cyclical
43.28% 0.00% 48.94% 0.27%
Communication Services
36.36% 0.00% 39.29% 0.27%
Energy
8.25% 0.00% 24.80% 11.20%
Technology
5.42% 0.00% 47.50% 98.38%
Financial Services
4.72% 0.00% 48.86% 98.79%
Real Estate
0.92% 0.00% 17.15% 67.34%
Healthcare
0.71% 0.00% 16.53% 93.39%
Industrials
0.25% 0.00% 43.53% 97.44%
Consumer Defense
0.09% 0.00% 25.90% 98.65%
Utilities
0.00% 0.00% 39.12% 81.51%
Basic Materials
0.00% 0.00% 30.03% 96.76%

Stock Geographic Breakdown

Weighting Return Low Return High EMQQ % Rank
Non US
62.30% 0.00% 100.18% 91.47%
US
37.74% 0.00% 101.58% 2.67%

EMQQ - Expenses

Operational Fees

EMQQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.86% 0.03% 24.48% 82.60%
Management Fee 0.86% 0.00% 2.00% 46.60%
12b-1 Fee 0.00% 0.00% 1.00% 3.43%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

EMQQ 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

EMQQ 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.

EMQQ Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 189.00% 71.90%

EMQQ - Distributions

Dividend Yield Analysis

EMQQ Category Low Category High EMQQ % Rank
Dividend Yield 0.79% 0.00% 9.90% 79.33%

Dividend Distribution Analysis

EMQQ Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

EMQQ Category Low Category High EMQQ % Rank
Net Income Ratio -0.61% -1.98% 17.62% 90.73%

Capital Gain Distribution Analysis

EMQQ Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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EMQQ - Fund Manager Analysis

Managers

Dustin Lewellyn


Start Date

Tenure

Tenure Rank

Nov 12, 2014

7.55

7.6%

Dustin Lewellyn, CFA. Mr. Lewellyn has extensive background in institutional investment process with a specific focus on exchange-traded funds (“ETFs”). Mr. Lewellyn was a portfolio manager at BGI (now part of Blackrock), and he managed a number of international equity funds. Dustin also was head of ETF product management and product development at Northern Trust where he oversaw the build out and management of all areas of a new ETF business, including primary responsibility for the portfolio management process surrounding the ETFs. Mr. Lewellyn also built and ran a new ETF business for Charles Schwab, including having primary responsibility for the technology and investment process to support portfolio management for the ETFs. Mr. Lewellyn started a consulting business with a focus on ETFs and helped numerous new ETF sponsors, as well as service providers, understand the resource requirements to participate in the industry utilizing current best practices. Mr. Lewellyn holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds security licenses 7, 63, 66 and 24.

Ernesto Tong


Start Date

Tenure

Tenure Rank

Dec 29, 2015

6.42

6.4%

Mr. Tong has been a managing director with Penserra since 2015. Prior to joining Penserra, Mr. Tong spent seven years as a vice president at Blackrock, where he was a portfolio manager for a number of the iShares ETFs, and prior to that, he spent two years in the firm’s index research group.

Anand Desai


Start Date

Tenure

Tenure Rank

Dec 29, 2015

6.42

6.4%

Anand Desai. Mr. Desai has been an Associate with Penserra since 2015. Prior to joining the Penserra Capital Management, LLC, Mr. Desai was a portfolio fund accountant at State Street for five years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42