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 why dividend growth is a hallmark of quality.
  • 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 6/28/19

Total Number of Companies 82
Price/Earnings Ratio 15.64
Price/Book Ratio 2.36
Dividend Yield *(%) 2.74
Average Index Market Capitalization $24.62 billion

Index Holdings Information as of 6/28/19

Top 10 Index Companies Weight
China Gas Holdings Ltd. 1.45%
Itau Unibanco Holding SA-PN 1.42%
Bajaj Finance Ltd. 1.41%
Globe Telecom Inc. 1.40%
Larsen & Toubro Ltd. 1.38%
Metro Pacific Investments Corp. 1.37%
Bank Rakyat Indonesia 1.36%
Bank Central Asia 1.36%
LIC Housing Finance Ltd. 1.35%
BIM Birlesik Magazalar SA 1.35%
Index Country Weightings Weight
China 28.59%
India 17.61%
South Africa 16.25%
Philippines 6.58%
Mexico 6.08%
Indonesia 5.30%
Colombia 2.55%
Turkey 2.54%
Thailand 2.53%
Malaysia 2.44%
Taiwan 2.43%
Russia 2.09%
Brazil 1.42%
United Arab Emirates 1.33%
Korea 1.15%
Hungary 1.11%
Index Sector Weightings § Weight
Financials 26.23%
Consumer Staples 15.81%
Real Estate 14.80%
Industrials 9.92%
Health Care 9.25%
Consumer Discretionary 7.03%
Information Technology 5.92%
Utilities 3.98%
Materials 3.79%
Energy 3.28%
§ Sum of weightings may not equal 100% due to rounding.


†† 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.