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Franklin Emerging Market Core Dividend Tilt Index ETF

DIEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 01 2016
Expense Ratio
0.19%
Type
Global Ex. US Equities
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$30,204
AUM
$12,055,000
Associated Index
Morningstar Emerging Markets Dividend Enhanced Select Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

Top 10 Holdings

2330
TAIWAN SEMICONDUCTOR MANUFAC
4.91%
700
Tencent Holdings Ltd.
3.15%
005930
Samsung Electronics
3.00%
9988
Alibaba Group Holding Ltd
2.24%
500209
Infosys Ltd
1.50%
VALE3
VALE SA
1.43%
939
China Construction Bank Corp. - Ordinary Shares - Class H
1.39%
3690
Meituan - Ordinary Shares - Class B
1.12%
2454
MEDIATEK INC
1.08%
2318
Ping AN Insurance (Group) Co. of China, Ltd. - Ordinary Shares - Class H
1.05%
Invest with DIEM

What is DIEM?

Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar Emerging Markets Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index is designed to cover 85% of the float-adjusted market capitalization of emerging equity markets.

ETFs related toDIEM

ETFs correlated to DIEM include DFEM, DFEV, FNDE

DIEM
Franklin Templeton ETF Trust - Franklin Emerging Market Core Dividend Tilt Index ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
TLTE
FlexShares Trust - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
PXH
Invesco Capital Management LLC - Invesco FTSE RAFI Emerging Markets ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
AVES
American Century ETF Trust - Avantis Emerging Markets Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DIEM is a Global Ex. US Equities ETF. Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) will seek to provide investment results that closely correspond, before fees and expenses, to the performance of the Morningstar Emerging Markets Dividend Enhanced Select Index (the Underlying Index). The Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by Morningstar, Inc. The Underlying Index starts from the Morningstar Emerging Markets Target Market Exposure Index (Parent Index) and aims to deliver a higher dividend yield than the Parent Index, while limiting expected tracking error to the Parent Index (i.e., to provide a "dividend tilt" through the selection and weighting of securities from the Parent Index). The Parent Index is designed to cover 85% of the float-adjusted market capitalization of emerging equity markets.

The top holdings for DIEM include TAIWAN SEMICONDUCTOR MANUFAC, Tencent Holdings Ltd., and Samsung Electronics.

DIEM has 536 total holdings.

DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index.

DIEM dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, DIEM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DIEM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DIEM is 0.0135%. This is the percent change in the value of DIEM over the most recent 1-month period. The 3-month return on DIEM is 0.1619%. This is the percent change in the value of DIEM over the most recent 3-month period.

The standard deviation of DIEM for the past year is 0.2046%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DIEM include EEMV, TAN, and PBW.

ETFs correlated to DIEM include DFEM, DFEV, and FNDE.

ETFs that are inversely correlated to DIEM include EDZ, EUM, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.