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EEMS ETF — Holdings & Analysis

The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) offers exposure to small-capitalization equities within emerging markets, with an AUM of $0.41 billion. EEMS tracks the MSCI Emerging Markets Small Cap Index.

Its expense ratio is 0.72%, which is higher than the category average. The fund holds over 1600 individual stocks, providing granular exposure to the emerging markets small-cap space.

iShares MSCI Emerging Markets Small-Cap ETF (EEMS) ETF — Price, Holdings & Analysis

The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) offers exposure to small-capitalization equities within emerging markets, with an AUM of $0.41 billion. EEMS tracks the MSCI Emerging Markets Small Cap Index. Its expense ratio is 0.72%, which is higher than the category average. The fund holds over 1600 individual stocks, providing granular exposure to the emerging markets small-cap space.

ETF Overview

The iShares MSCI Emerging Markets Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization emerging market equities.
The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) aims to replicate the investment results of the MSCI Emerging Markets Small Cap Index. This ETF provides targeted access to the small-cap segment of emerging market economies, offering diversification beyond the large and mid-cap stocks typically found in broader emerging market funds. EEMS invests in a diverse portfolio of 1622 holdings, with significant allocations to Taiwan (20.3%), India (20.1%), and South Korea (14.1%). The fund's top holdings include Winbond Electronics Corp (0.72%), Nanya Technology Corp (0.65%), and Phison Electronics Corp (0.59%). Sector allocation is heavily weighted towards Technology (20.3%) and Industrials (17.8%), followed by Financial Services (11.5%) and Consumer Cyclical (10.7%). This focus on smaller companies can potentially offer higher growth opportunities compared to large-cap-focused emerging market ETFs, but it also comes with increased volatility. EEMS is suitable for investors seeking to enhance their emerging market exposure with a focus on smaller, potentially faster-growing companies.

Risk Metrics

EEMS carries several risks inherent to emerging market small-cap investing. The fund's expense ratio of 0.72% is higher than category averages, which can create a drag on performance over time. Country concentration is notable, with Taiwan and India accounting for over 40% of the fund's assets, exposing it to specific geopolitical and economic risks within those regions. Sector concentration is also a factor, as Technology and Industrials comprise a significant portion of the portfolio. With a beta of 0.80, EEMS is less volatile than the broader market. Small-cap stocks are generally more volatile than large-cap stocks, and emerging markets are inherently riskier than developed markets due to political and economic instability. Past performance does not guarantee future results.

Expense Ratio

0.72%

What does EEMS hold?

HoldingWeight
Winbond Electronics Corp (2344.TW)0.72%
Nanya Technology Corp (2408.TW)0.65%
Phison Electronics Corp (8299.TWO)0.59%
Samchundang Pharm Co Ltd (000250.KQ)0.51%
MPI Corp (6223.TWO)0.47%
Powerchip Semiconductor Manufacturing Corp Ordinary Shares (6770.TW)0.45%
Compeq Manufaturing Co Ltd (2313.TW)0.39%
Macronix International Co Ltd (2337.TW)0.37%
United Integrated Services Co Ltd (2404.TW)0.36%
The Federal Bank Ltd (FEDERALBNK.NS)0.35%

How Is the Fund Allocated?

SectorWeight
Technology20.3%
Industrials17.8%
Financial Services11.5%
Consumer Cyclical10.7%
Healthcare10.1%
Basic Materials9.7%
Real Estate6.3%
Consumer Defensive5.5%
Communication Services3.1%
Utilities2.9%
Energy2.3%
CountryWeight
Taiwan (Province of China)20.3%
India20.1%
Korea (the Republic of)14.1%
China8.0%
Other7.3%
South Africa3.8%
Saudi Arabia3.6%
Brazil3.5%
Hong Kong3.3%
Malaysia2.9%

Dividend Yield

0.00%

Risk Metrics

  • Beta: 0.80

Questions & Answers

What is EEMS and what does it track?

The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is an exchange-traded fund designed to track the investment results of the MSCI Emerging Markets Small Cap Index. This index is composed of small-capitalization companies located in emerging market countries.

What is the expense ratio for EEMS?

The expense ratio for the iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is 0.72%. This means that for every $10,000 invested in the fund, $72 is used to cover the fund's operating expenses annually.

What are the top holdings in EEMS?

The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has a diverse portfolio, but its top holdings include several key companies.

As of 2026-03-15, the top three holdings are Winbond Electronics Corp (0.72%), Nanya Technology Corp (0.65%), and Phison Electronics Corp (0.59%). These companies are primarily in the technology sector and based in Taiwan.

Is EEMS a good long-term investment?

Whether EEMS is a suitable long-term investment depends on an investor's individual risk tolerance and investment goals. EEMS provides exposure to the small-cap segment of emerging markets, which can offer higher growth potential but also comes with increased volatility.

The fund's expense ratio of 0.72% should be factored into long-term return expectations.

How does EEMS compare to similar ETFs?

EEMS differentiates itself through its specific focus on small-cap companies within emerging markets. While other emerging market ETFs may offer broader exposure across market capitalizations, EEMS targets the smaller end of the spectrum.

The expense ratio of EEMS is 0.72%, which may be higher than some broader emerging market ETFs.

Does EEMS pay dividends?

As of 2026-03-15, the iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders.

Investors seeking dividend income may want to consider other ETFs with a history of dividend payments. However, EEMS may still be attractive to investors seeking capital appreciation through exposure to emerging market small-cap stocks.