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EMKT

GradeCNew York Stock Exchange Arca

Lazard Emerging Markets Opportunities ETF

Active Equity · Lazard · Inception 2013-10-31

$31.74−0.57 (−1.76%)

As of Sep 23, 2026, 2:01 PM EDT

History starts Oct 27, 2025.History starts Oct 27, 2025.
Intraday session: down, 13 prints from 32.31 to 31.74. Range 31.63 to 32.30. Use the arrow keys to read each point.$31.60$32.00$32.2010 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$183M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
67
Volume · 30D
0M sh
NAV per share
$31.82
52W range
low $23.77high $33.28

The ETF.net EMKT Grade

C

46/ 100

Rank 17 of 28 in Emerging Markets Active Equity⁠

Confidence Medium

Six-pillar profile for EMKT. Scores out of 100: Cost 41, Risk 51, Mission not scored, Tradability 45, Holdings 44, Durability 73. Strongest: Durability (73). Weakest: Cost (41). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 46 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 41
    Category rank17/28 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank12/28 · top 43%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 45
    Category rank16/28 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank17/26 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 73
    Category rank6/28 · top 21%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on EMKT

ETF.net Research

COld-school value hunting in emerging markets: Lazard's managers buy non-US companies they read as cheap on earnings, cash flow, or asset values. A human-picked portfolio with roots in 2013, not an index clone.

Stated mandate

The Portfolio seeks long-term capital appreciation. It primarily invests in equity securities, principally common stocks, of non-U.S. companies whose main activities are in emerging markets and that the manager considers undervalued based on earnings, cash flow, or asset values.

Why people hold it

  1. 01Real stock picking: managers target EM companies they judge undervalued on earnings, cash flow, or asset values, so the lineup can look nothing like a cap-weighted benchmark.
  2. 02The strategy dates to 2013, so it has been run through multiple emerging-market cycles rather than launched into whatever theme is hot this year.
  3. 03Simple plumbing: a standard 1940 Act equity fund holding common stocks of non-US companies, not a derivatives wrapper you need a manual to decode.

Worth knowing

  1. 01At 0.74% it runs above the typical active EM fund, and the cohort's strongest-rated names (AVEM, JEMA, AVXC) charge 0.33%. It sits in the lower half of that peer group.
  2. 02Thin trading volume and a modest asset base mean bid-ask spreads matter more here than in the giant EM index funds.
  3. 03Cash distributions arrive once or twice a year at most; the stated goal is long-term capital appreciation, not income.

EMKT Holdings

As of Sep 20, 2026, 8:43 AM
Asset class
Stocks
Holdings
67
Top-10 weight
48%
Largest holding
SAMSUNG ELECTR GDR REG S GDR9.3%

Geography

  • Taiwan (Province of China)24.81%
  • United States18.05%
  • China16.24%
  • India8.23%
  • Brazil4.28%
  • Korea (the Republic of)3.52%
  • South Africa3.46%
  • Hong Kong3.25%
  • Other countries (13)18.17%

Developed 8% · Emerging 92% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SAMSUNG ELECTR GDR REG S GDR9.32%3,530$17M15
0022330.TWTAIWAN SEMICONDUCTOR MANUFAC9.20%216,000$16M175
003TSMTAIWAN SEMICONDUCTOR SP ADR7.73%32,092$14M268
004—SK HYNIX INC GDS GDR4.89%6,794$9M2
0050700.HKTENCENT HOLDINGS LTD3.54%116,592$6M153
0062454.TWMEDIATEK INC3.24%41,000$6M162
0079988.HKALIBABA GROUP HOLDING LTD2.92%389,800$5M128
0083968.HKCHINA MERCHANTS BANK H2.54%693,500$5M100
0090992.HKLENOVO GROUP LTD2.37%968,000$4M115
010AAL.LANGLO AMERICAN PLC2.33%76,964$4M117
011SHGSHINHAN FINANCIAL GROUP ADR1.94%42,005$3M23
012300750.SZCONTEMPORARY AMPEREX TECHN A1.75%69,000$3M107
0133711.TWASE TECHNOLOGY HOLDING CO LT1.70%158,000$3M115
014HDBHDFC BANK LTD ADR1.50%118,199$3M39
015ETE.ATNATIONAL BANK OF GREECE1.36%121,854$2M86

Showing 1–15 of 76 holdings

EMKT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EMKT$12,937
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. EMKT $12,937. SPY $11,430. Use the arrow keys to read each point.$8,974$11,289$13,605Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EMKT. Periods over one year show the average yearly return.
PeriodEMKT
Year to date+29.4%
1 month+2.5%
3 months−2.6%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EMKT
YearReturn barEMKT
2026 YTD+29.4%
2025−1.3%

History from Oct 27, 2025

EMKT in the news

ETF.net Research hasn’t filed on EMKT yet — coverage lands here as it’s written.

EMKT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 18, 2026 $0.14. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 22, 2026$0.14

EMKT Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
No data available
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.09
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EMKT Cost

Expense ratio0.74%
  • The middle half of Emerging Markets Active Equity funds
  • Median 0.65%

16 of the 27 Emerging Markets Active Equity funds charge less.

EMKT costs $74.00 a year on $10,000. The median Emerging Markets Active Equity fund costs $65.00.