Harbor Emerging Markets Select ETF (EMES) (EMES) Fund Overview

Harbor Emerging Markets Select ETF (EMES) (EMES) Financial Services Profile

Harbor Emerging Markets Select ETF (EMES) is an actively managed fund targeting long-term capital appreciation by investing in emerging market equities. Managed by C WorldWide Asset Management, EMES utilizes a concentrated, all-cap approach, emphasizing thematic tailwinds like the rise of the emerging market consumer and clean energy transition, with a maximum of 50 holdings.

What Is the Investment Thesis for EMES?

The Harbor Emerging Markets Select ETF (EMES) presents a notable research candidate for investors seeking long-term capital appreciation through exposure to emerging markets. The fund's concentrated, all-cap strategy, managed by C WorldWide Asset Management, focuses on high-conviction investments poised to benefit from key thematic tailwinds such as the rise of the emerging market consumer, financial inclusion, and the clean energy transition. With a portfolio limited to 50 positions, EMES aims to deliver superior returns compared to broader emerging market indices. However, the fund's negative P/E ratio of -5.69 and a profit margin of -41.0% indicate current challenges in profitability. The dividend yield of 0.51% offers a modest income stream. The fund's beta of 0.83 suggests lower volatility compared to the overall market. Success hinges on C WorldWide's ability to identify and capitalize on emerging market growth opportunities, while effectively managing risks associated with concentrated investments and emerging market volatility.

Based on FMP financials and quantitative analysis

EMES Key Highlights

Actively managed ETF focused on emerging market equities, providing potential for outperformance compared to passive indices.

• Concentrated portfolio of up to 50 positions, reflecting high-conviction investment ideas.
• Managed by C WorldWide Asset Management, leveraging their expertise in emerging markets.
• Focus on thematic tailwinds such as the rise of the emerging market consumer, financial inclusion, and the clean energy transition.
• Dividend Yield of 0.51% provides a modest income component.

Who Are EMES's Competitors?

EMES is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are EMES's Key Strengths?

Active management by experienced investment professionals.

• Concentrated portfolio allows for high-conviction investments.
• Focus on thematic tailwinds provides a differentiated approach.
• Potential for outperformance compared to passive emerging market ETFs.

What Are EMES's Weaknesses?

Negative P/E ratio and profit margin indicate current profitability challenges.

• Concentrated portfolio can lead to higher volatility.
• Reliance on the expertise of a single management firm.
• Emerging markets are inherently riskier than developed markets.

What Are the Key Risks for EMES?

Financial-distress signal — its Altman Z-Score of -1.20 sits in the distress zone (elevated bankruptcy risk).

• Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
• Economic slowdown in key emerging markets.
• Geopolitical instability and conflicts.
• Currency devaluation in emerging market countries.
• Market volatility and fluctuations in asset values.
• Regulatory and compliance risks in emerging markets.

What Threats Does EMES Face?

• Economic and political instability in emerging markets.
• Currency fluctuations can impact returns.
• Increased competition from other asset management firms.
• Changes in government regulations and policies.

What Are EMES's Competitive Advantages?

• Expertise of C WorldWide Asset Management in emerging markets.
• Concentrated, high-conviction investment approach.
• Focus on thematic tailwinds provides a differentiated investment strategy.
• Established track record of active management.

What Does EMES Do?

The Harbor Emerging Markets Select ETF (EMES) is an actively managed exchange-traded fund designed to achieve long-term capital appreciation through investments in emerging market equities. The fund is managed by C WorldWide Asset Management, leveraging their expertise in identifying and capitalizing on growth opportunities within emerging economies. EMES employs a concentrated, all-cap strategy, focusing on companies across the market capitalization spectrum that are poised to benefit from significant thematic tailwinds. These tailwinds include the burgeoning emerging market consumer base, increasing financial inclusion, and the global shift towards clean energy. The fund's investment approach is characterized by a high-conviction, bottom-up stock selection process. This involves in-depth fundamental analysis of individual companies to identify those with strong growth potential and sustainable competitive advantages. EMES limits its portfolio to a maximum of 50 positions, reflecting a commitment to investing in only the most compelling opportunities. This concentrated approach allows the fund to potentially generate higher returns compared to more diversified emerging market ETFs. The fund's objective is to outperform traditional emerging market indices by actively managing its exposure to different sectors, countries, and companies within the emerging market universe. EMES provides investors with a convenient and cost-effective way to access the growth potential of emerging markets. By entrusting the portfolio management to C WorldWide Asset Management, investors benefit from the firm's research capabilities and active investment strategies. The fund's focus on thematic tailwinds and concentrated portfolio construction differentiates it from other emerging market ETFs, offering a unique investment proposition.

What Products and Services Does EMES Offer?

• Invests in equities of companies located in emerging markets.
• Actively manages a portfolio seeking long-term capital appreciation.
• Employs a concentrated, all-cap investment strategy.
• Focuses on companies benefiting from thematic tailwinds.
• Limits holdings to a maximum of 50 positions.
• Conducts bottom-up fundamental analysis to select investments.

How Does EMES Make Money?

• Generates revenue through management fees charged on assets under management (AUM).
• Aims to outperform benchmark indices through active stock selection.
• Attracts investors seeking exposure to emerging market equities.
• Distributes dividends to shareholders from investment income.

What Industry Does EMES Operate In?

The asset management industry is characterized by intense competition, with numerous firms offering a wide range of investment products and services. Emerging market equities have historically offered higher growth potential compared to developed markets, but also come with increased volatility and risk. The Harbor Emerging Markets Select ETF (EMES) differentiates itself through its concentrated, actively managed approach, focusing on specific thematic tailwinds within emerging markets. This contrasts with passively managed ETFs that track broad market indices. The global ETF market is projected to continue growing, driven by increasing investor demand for low-cost, diversified investment solutions.

Who Are EMES's Key Customers?

• Institutional investors seeking emerging market exposure.
• Financial advisors allocating client portfolios.
• Retail investors with a long-term investment horizon.
• Pension funds and endowments.

Key Financial Metrics

Return on assets is -60.8%, showing how much profit it generates from its asset base. A current ratio of 0.22 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -14.5%, the inverse of the P/E and a quick read on earnings relative to price.

Harbor Emerging Markets Select ETF (EMES)'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -1.20 places it in the distress zone, a signal of elevated financial risk.

12 transactions · 4 purchases, 0 sales, 8 other transactions · 3 identified insiders · most recent available transactions. Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

EMES Financials

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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