MSCI Emerging Markets Dividend Growers ETF - EMDV MSCI Emerging Markets Dividend Growers ETF

ProShares MSCI Emerging Markets Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Emerging Markets Dividend Masters Index.

  • The only ETF that focuses exclusively on companies in the MSCI Emerging Markets Index that have grown dividends for at least seven consecutive years.††
  • Historically, emerging markets companies that grew their dividends outperformed those that didn't.
  • EMDV is part of the largest suite of ETFs focused on dividend growers, covering U.S. and international markets.
  • Learn more about ProShares Dividend Growers ETFs.
  • Watch "Not All Dividend Strategies Are Created Equal."

Index/Benchmark Summary

The index targets companies that are currently members of the MSCI Emerging Markets Index and have increased dividend payments each year for at least seven years. The index contains a minimum of 40 stocks, which are equally weighted. No single sector is allowed to compose more than 30% of an index's weight, and no single country is allowed to compose more than 50% of the index weight. If there are fewer than 40 stocks with at least seven consecutive years of dividend growth, or if sector or country caps are breached, the index will include companies with shorter dividend growth histories. The index is rebalanced each February, May, August and November, with an annual reconstitution during the November rebalance.

Fundamentals as of 3/29/18

Total Number of Companies 71
Price/Earnings Ratio 16.76
Price/Book Ratio 2.34
Dividend Yield *(%) 2.62
Average Index Market Capitalization $25.05 billion

Index Holdings Information as of 12/31/15

Top 10 Index Companies Weight
Sinopharm Group (Holding) Co. Ltd.-Class H 1.73%
China Gas Holdings Ltd. 1.69%
Micro-Star International Co. Ltd. 1.66%
ECLAT Textile Co. Ltd. 1.65%
Sunny Optical Technology (Group) Co. Ltd. 1.63%
Public Bank 1.60%
Guangdong Investment Ltd. 1.60%
Amorepacific Group 1.58%
Phison Electronics Corp. 1.54%
Netcare Ltd. 1.53%
Index Country Weightings Weight
South Africa 19.93%
China 17.87%
India 14.21%
Taiwan 10.77%
Mexico 5.65%
Colombia 5.48%
Philippines 5.44%
Indonesia 4.04%
Korea 3.08%
Turkey 2.79%
Brazil 2.68%
Russia 2.21%
Malaysia 1.60%
Thailand 1.49%
United Arab Emirates 1.40%
Hungary 1.38%
Index Sector Weightings § Weight
Financials 29.49%
Information Technology 13.36%
Consumer Staples 12.34%
Industrials 11.29%
Real Estate 9.30%
Consumer Discretionary 5.83%
Energy 4.83%
Utilities 4.77%
Health Care 4.75%
Materials 2.74%
Telecommunication Services 1.30%
§ Sum of weightings may not equal 100% due to rounding.

Index Currency Exposures Weight
Indian Rupee 18.76%
Mexican Peso 3.53%
Thai Baht 3.35%
Malaysian Ringgit 1.81%
Russian Ruble 2.72%
Hong Kong Dollar 20.51%
US Dollar 2.10%
South African Rand 14.14%
Korean Won 4.68%
Brazilian Real 1.62%
Qatari Riyal 1.70%
Indonesian Rupiah 5.63%
Colombian Peso 5.41%
Taiwan Dollar 8.90%
United Arab Emirates Dirham 1.91%
Turkish Lira 3.24%

†† If there are not enough stocks meeting dividend growth requirements, or if sector or country caps are breached, the index will include companies with shorter dividend growth histories.

Source: Ned Davis Research analysis of companies underlying the MSCI Emerging Markets Index, a leading emerging markets index. Data is from June 30, 1996 through December 31, 2015.