FMISharesINDEX
iShares MSCI Frontier and Select EM ETF
$27.19+0.41% vs prior close
Price through Jan 6, 2025 · Flows through Jan 6, 2025. Figures use the latest available records, not a live quote. Fund details retrieved Oct 27, 2026. Holdings snapshot retrieved Oct 27, 2026.
The index aims to reflect the performance of frontier markets and the lower size spectrum of emerging markets, while putting a stronger emphasis on tradability and investability of the constituents compared to the parent index. The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index.
FM price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | FM close |
|---|---|
| Oct 30, 2023 | $24.74 |
| Oct 31, 2023 | $24.63 |
| Nov 1, 2023 | $24.93 |
| Nov 2, 2023 | $25.44 |
| Nov 3, 2023 | $25.58 |
| Nov 6, 2023 | $25.67 |
| Nov 7, 2023 | $25.71 |
| Nov 8, 2023 | $26.07 |
| Nov 9, 2023 | $25.95 |
| Nov 13, 2023 | $26.13 |
| Nov 14, 2023 | $26.57 |
| Nov 15, 2023 | $26.55 |
| Nov 16, 2023 | $26.64 |
| Nov 17, 2023 | $26.48 |
| Nov 20, 2023 | $26.71 |
| Nov 21, 2023 | $26.74 |
| Nov 22, 2023 | $26.88 |
| Nov 27, 2023 | $26.70 |
| Nov 28, 2023 | $26.69 |
| Nov 29, 2023 | $26.51 |
| Nov 30, 2023 | $26.12 |
| Dec 1, 2023 | $26.65 |
| Dec 4, 2023 | $26.04 |
| Dec 5, 2023 | $26.18 |
| Dec 7, 2023 | $26.22 |
| Dec 8, 2023 | $26.30 |
| Dec 11, 2023 | $26.34 |
| Dec 12, 2023 | $26.39 |
| Dec 13, 2023 | $26.47 |
| Dec 14, 2023 | $26.76 |
| Dec 15, 2023 | $26.44 |
| Dec 19, 2023 | $26.42 |
| Dec 20, 2023 | $25.64 |
| Dec 21, 2023 | $25.85 |
| Dec 22, 2023 | $25.96 |
| Dec 26, 2023 | $26.18 |
| Dec 27, 2023 | $26.19 |
| Dec 28, 2023 | $26.36 |
| Jan 2, 2024 | $26.23 |
| Jan 3, 2024 | $26.29 |
| Jan 4, 2024 | $26.48 |
| Jan 5, 2024 | $26.76 |
| Jan 8, 2024 | $26.94 |
| Jan 9, 2024 | $26.89 |
| Jan 10, 2024 | $26.77 |
| Jan 11, 2024 | $26.72 |
| Jan 16, 2024 | $26.67 |
| Jan 17, 2024 | $26.58 |
| Jan 18, 2024 | $26.67 |
| Jan 19, 2024 | $26.66 |
| Jan 22, 2024 | $26.53 |
| Jan 23, 2024 | $26.36 |
| Jan 24, 2024 | $26.35 |
| Jan 25, 2024 | $26.14 |
| Jan 29, 2024 | $26.37 |
| Jan 30, 2024 | $26.35 |
| Jan 31, 2024 | $25.75 |
| Feb 1, 2024 | $26.14 |
| Feb 2, 2024 | $26.31 |
| Feb 5, 2024 | $26.21 |
| Feb 6, 2024 | $26.26 |
| Feb 7, 2024 | $26.42 |
| Feb 9, 2024 | $26.27 |
| Feb 12, 2024 | $26.31 |
| Feb 13, 2024 | $25.99 |
| Feb 14, 2024 | $26.34 |
| Feb 15, 2024 | $26.41 |
| Feb 16, 2024 | $26.40 |
| Feb 20, 2024 | $26.50 |
| Feb 22, 2024 | $26.68 |
| Feb 23, 2024 | $26.68 |
| Feb 26, 2024 | $26.67 |
| Feb 27, 2024 | $26.79 |
| Feb 28, 2024 | $26.92 |
| Feb 29, 2024 | $27.02 |
| Mar 1, 2024 | $27.23 |
| Mar 5, 2024 | $27.19 |
| Mar 6, 2024 | $27.41 |
| Mar 7, 2024 | $27.62 |
| Mar 8, 2024 | $27.41 |
| Mar 11, 2024 | $27.53 |
| Mar 12, 2024 | $27.77 |
| Mar 13, 2024 | $27.92 |
| Mar 14, 2024 | $27.86 |
| Mar 15, 2024 | $27.83 |
| Mar 19, 2024 | $27.85 |
| Mar 20, 2024 | $28.12 |
| Mar 21, 2024 | $28.25 |
| Mar 22, 2024 | $28.38 |
| Mar 25, 2024 | $28.38 |
| Mar 26, 2024 | $28.43 |
| Mar 27, 2024 | $28.62 |
| Apr 1, 2024 | $28.61 |
| Apr 2, 2024 | $28.67 |
| Apr 3, 2024 | $28.79 |
| Apr 4, 2024 | $28.42 |
| Apr 5, 2024 | $28.55 |
| Apr 8, 2024 | $28.49 |
| Apr 9, 2024 | $28.59 |
| Apr 11, 2024 | $28.30 |
| Apr 12, 2024 | $27.89 |
| Apr 15, 2024 | $27.41 |
| Apr 16, 2024 | $27.26 |
| Apr 17, 2024 | $27.22 |
| Apr 18, 2024 | $27.18 |
| Apr 19, 2024 | $26.95 |
| Apr 22, 2024 | $27.20 |
| Apr 24, 2024 | $27.38 |
| Apr 25, 2024 | $27.33 |
| Apr 26, 2024 | $27.41 |
| Apr 29, 2024 | $27.62 |
| Apr 30, 2024 | $27.20 |
| May 1, 2024 | $27.27 |
| May 2, 2024 | $27.56 |
| May 6, 2024 | $28.16 |
| May 7, 2024 | $28.00 |
| May 8, 2024 | $28.02 |
| May 9, 2024 | $28.15 |
| May 10, 2024 | $28.07 |
| May 13, 2024 | $27.82 |
| May 14, 2024 | $28.24 |
| May 15, 2024 | $28.26 |
| May 17, 2024 | $28.63 |
| May 20, 2024 | $28.65 |
| May 21, 2024 | $28.52 |
| May 22, 2024 | $28.20 |
| May 23, 2024 | $28.34 |
| May 24, 2024 | $28.40 |
| May 28, 2024 | $28.60 |
| May 29, 2024 | $28.28 |
| May 31, 2024 | $28.44 |
| Jun 3, 2024 | $28.53 |
| Jun 4, 2024 | $28.38 |
| Jun 5, 2024 | $28.55 |
| Jun 6, 2024 | $28.66 |
| Jun 7, 2024 | $28.53 |
| Jun 10, 2024 | $28.38 |
| Jun 11, 2024 | $27.51 |
| Jun 13, 2024 | $27.65 |
| Jun 14, 2024 | $27.36 |
| Jun 17, 2024 | $27.45 |
| Jun 18, 2024 | $27.53 |
| Jun 20, 2024 | $27.40 |
| Jun 21, 2024 | $27.38 |
| Jun 24, 2024 | $27.40 |
| Jun 25, 2024 | $27.45 |
| Jun 27, 2024 | $27.42 |
| Jun 28, 2024 | $27.46 |
| Jul 1, 2024 | $27.65 |
| Jul 2, 2024 | $27.69 |
| Jul 5, 2024 | $27.76 |
| Jul 8, 2024 | $27.82 |
| Jul 11, 2024 | $27.81 |
| Jul 15, 2024 | $27.83 |
| Jul 16, 2024 | $27.85 |
| Jul 17, 2024 | $27.81 |
| Jul 18, 2024 | $27.78 |
| Jul 19, 2024 | $27.77 |
| Jul 22, 2024 | $27.78 |
| Jul 23, 2024 | $27.76 |
| Jul 24, 2024 | $27.75 |
| Jul 29, 2024 | $27.67 |
| Jul 30, 2024 | $27.71 |
| Jul 31, 2024 | $27.74 |
| Aug 1, 2024 | $27.69 |
| Aug 2, 2024 | $27.56 |
| Aug 5, 2024 | $27.59 |
| Aug 7, 2024 | $27.66 |
| Aug 8, 2024 | $27.72 |
| Aug 9, 2024 | $27.72 |
| Aug 12, 2024 | $27.76 |
| Aug 13, 2024 | $27.78 |
| Aug 14, 2024 | $27.75 |
| Aug 15, 2024 | $27.72 |
| Aug 16, 2024 | $27.74 |
| Aug 19, 2024 | $27.77 |
| Aug 21, 2024 | $27.69 |
| Aug 22, 2024 | $27.64 |
| Aug 23, 2024 | $27.69 |
| Aug 26, 2024 | $27.66 |
| Aug 27, 2024 | $27.75 |
| Aug 28, 2024 | $27.66 |
| Aug 29, 2024 | $27.69 |
| Aug 30, 2024 | $27.63 |
| Sep 4, 2024 | $27.42 |
| Sep 5, 2024 | $27.38 |
| Sep 6, 2024 | $27.45 |
| Sep 9, 2024 | $27.36 |
| Sep 10, 2024 | $27.36 |
| Sep 11, 2024 | $27.35 |
| Sep 13, 2024 | $27.44 |
| Sep 16, 2024 | $27.46 |
| Sep 17, 2024 | $27.46 |
| Sep 18, 2024 | $27.46 |
| Sep 19, 2024 | $27.41 |
| Sep 20, 2024 | $27.47 |
| Sep 23, 2024 | $27.48 |
| Sep 24, 2024 | $27.50 |
| Sep 25, 2024 | $27.61 |
| Sep 27, 2024 | $27.51 |
| Sep 30, 2024 | $27.53 |
| Oct 1, 2024 | $27.50 |
| Oct 2, 2024 | $27.52 |
| Oct 3, 2024 | $27.58 |
| Oct 4, 2024 | $27.51 |
| Oct 7, 2024 | $27.50 |
| Oct 9, 2024 | $27.54 |
| Oct 10, 2024 | $27.59 |
| Oct 11, 2024 | $27.52 |
| Oct 14, 2024 | $27.50 |
| Oct 15, 2024 | $27.52 |
| Oct 16, 2024 | $27.57 |
| Oct 17, 2024 | $27.59 |
| Oct 18, 2024 | $27.51 |
| Oct 22, 2024 | $27.60 |
| Oct 23, 2024 | $27.59 |
| Oct 24, 2024 | $27.58 |
| Oct 25, 2024 | $27.59 |
| Oct 28, 2024 | $27.57 |
| Oct 29, 2024 | $27.58 |
| Oct 30, 2024 | $27.58 |
| Nov 1, 2024 | $27.57 |
| Nov 4, 2024 | $27.65 |
| Nov 5, 2024 | $27.65 |
| Nov 6, 2024 | $27.56 |
| Nov 7, 2024 | $27.60 |
| Nov 8, 2024 | $27.67 |
| Nov 11, 2024 | $27.60 |
| Nov 12, 2024 | $27.54 |
| Nov 14, 2024 | $27.68 |
| Nov 15, 2024 | $27.68 |
| Nov 18, 2024 | $27.64 |
| Nov 19, 2024 | $27.69 |
| Nov 20, 2024 | $27.70 |
| Nov 21, 2024 | $27.68 |
| Nov 22, 2024 | $27.70 |
| Nov 25, 2024 | $27.52 |
| Nov 27, 2024 | $27.54 |
| Nov 29, 2024 | $27.56 |
| Dec 2, 2024 | $27.57 |
| Dec 3, 2024 | $27.59 |
| Dec 4, 2024 | $27.60 |
| Dec 5, 2024 | $27.62 |
| Dec 9, 2024 | $27.56 |
| Dec 10, 2024 | $27.63 |
| Dec 11, 2024 | $27.64 |
| Dec 12, 2024 | $27.65 |
| Dec 13, 2024 | $27.63 |
| Dec 16, 2024 | $27.66 |
| Dec 17, 2024 | $27.11 |
| Dec 18, 2024 | $27.17 |
| Dec 19, 2024 | $27.11 |
| Dec 23, 2024 | $27.14 |
| Dec 24, 2024 | $27.12 |
| Dec 26, 2024 | $27.13 |
| Dec 27, 2024 | $27.13 |
| Dec 30, 2024 | $27.24 |
| Dec 31, 2024 | $27.14 |
| Jan 3, 2025 | $27.08 |
| Jan 6, 2025 | $27.19 |
Price history on file begins Oct 30, 2023, so 5Y shows all of it.
Monthly net flows, 5Y
Net outflow over the range: −$420M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Oct ’23 | $0 |
| Nov ’23 | $7.8M |
| Dec ’23 | −$104.5M |
| Jan ’24 | −$65.6M |
| Feb ’24 | −$23.4M |
| Mar ’24 | $0 |
| Apr ’24 | −$24.6M |
| May ’24 | $0 |
| Jun ’24 | −$79.3M |
| Jul ’24 | −$63M |
| Aug ’24 | −$35M |
| Sep ’24 | −$6.8M |
| Oct ’24 | −$12.6M |
| Nov ’24 | −$7M |
| Dec ’24 | −$4.2M |
| Jan ’25 | −$1.4M |
$188Massets under management
0.79%expense ratio · $79 per $10,000 a year
—net flow, trailing month
—avg daily volume, 30 days
180holdings · US-domiciled
2012listed September 12, 2012
Sector weights
- Consumer Cyclical100%
- Other64.63%
- Materials64.09%
- Finance43.44%
- Consumer Discretionary33.47%
- Non-Energy Minerals12.35%
- Consumer Non-Durables6.78%
- Energy Minerals5.66%
- Communications5.52%
- Process Industries3.42%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Consumer Cyclical | 100% |
| Other | 64.63% |
| Materials | 64.09% |
| Finance | 43.44% |
| Consumer Discretionary | 33.47% |
| Non-Energy Minerals | 12.35% |
| Consumer Non-Durables | 6.78% |
| Energy Minerals | 5.66% |
| Communications | 5.52% |
| Process Industries | 3.42% |
Country weights
- Other61.37%
- Kuwait26.85%
- Viet Nam12.65%
- Kazakhstan12.38%
- Romania8.55%
- Kenya8.52%
- Nigeria8.3%
- Bahrain7.2%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Other | 61.37% |
| Kuwait | 26.85% |
| Viet Nam | 12.65% |
| Kazakhstan | 12.38% |
| Romania | 8.55% |
| Kenya | 8.52% |
| Nigeria | 8.3% |
| Bahrain | 7.2% |
Performance
| 1 week | 0.0% |
| 1 month | 0.0% |
| 3 months | 0.0% |
| 6 months | 0.0% |
| YTD | — |
| 1 year | 0.0% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Feb | −$23.4M |
| Mar | $0 |
| Apr | −$24.6M |
| May | $0 |
| Jun | −$79.3M |
| Jul | −$63M |
| Aug | −$35M |
| Sep | −$6.8M |
| Oct | −$12.6M |
| Nov | −$7M |
| Dec | −$4.2M |
| Jan | −$1.4M |
The case against FM
Due diligence cuts both ways. These funds sit on the same shelf and beat FM on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPDW SPDR Portfolio Developed World ex-US ETF | 0.03% | $40.7B | +$609M | -76bp on fee · 217× the assets · +$609M in over the month | Head-to-head |
| SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | $18.4B | +$199M | -76bp on fee · 98× the assets · +$199M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.4B | +$497M | -75bp on fee · 172× the assets · +$497M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.7B | +$47M | -75bp on fee · 126× the assets · +$47M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.6B | +$412M | -75bp on fee · 99× the assets · +$412M in over the month | Head-to-head |