Key Highlights

  • The fund holds 385 emerging market positions selected using quantitative models.
  • Taiwan Semiconductor Manufacturing, cash and Samsung Electronics are the largest positions.
  • Net asset value is $21.92, after a one-day gain of $0.62, or 2.90%.
  • The net expense ratio is 0.35%, and the fund launched in September 2026.

Quantitative investing uses rules and data sets to select stocks, and the iShares Enhanced Emerging Markets Active ETF (NASDAQ:ENHE) applies that approach to emerging market equities. Figures in this article are current to November 9, 2026. The fund is a systematic emerging markets strategy that uses models and large data sets to select holdings, benchmarked to the MSCI Emerging Markets Index. Shares trade on Nasdaq, but the fund's inception date is September 29, 2026, so its track record is very short.

Fund Fact

Detail

Exchange and ticker

NASDAQ: ENHE

Fund inception

September 29, 2026

Net assets

$9.6 million

Net asset value

$21.92

Daily NAV change

+$0.62 (+2.90%)

Expense ratio (gross / net)

0.36% / 0.35%

Distribution frequency

Semi-annual

Number of holdings

385

Benchmark

MSCI Emerging Markets index (Net)

Holdings and Country Exposure

Taiwan Semiconductor Manufacturing is the largest position at about 15.8% of market value. Samsung Electronics accounts for 6.9% and SK Hynix 4.4%, reflecting the weight of Korean and Taiwanese chipmakers in the portfolio.

Cash positions make up about 9% of market value, which is a considerable allocation. Tencent, Alibaba, MediaTek, China Construction Bank and Ping An Insurance appear among the leading holdings.

Trading and Liquidity

The net asset value rose $0.62 in the latest session, a gain of 2.90%. However, Average Daily Volume is only about 190 shares, and the 30-day median bid-ask spread of 0.22% means investors may face difficulty trading in size.

The fund's net Assets of about $9.6 million are small, so price movements in shares may not closely track underlying values. The premium to NAV was 0.07 in recent figures.

Costs, Model Risk and Limited History

The gross expense ratio is 0.36%, with a fee Waiver bringing the net figure to 0.35%. The fund pays distributions semi-annually, but no Yield or Standard Deviation figures are yet reported.

Investment decisions rely on quantitative models, and the fund notes that there is no guarantee such models will produce effective decisions. Emerging markets also carry currency, political and regulatory risks, and the fund has a very short operating history.

Final Word

The iShares Enhanced Emerging Markets Active ETF offers a model-driven view of emerging market equities, with a portfolio weighted toward semiconductor companies. Its low net expense ratio, small asset base and short track record define its current profile. Investors will weigh the quantitative approach against the limited history and trading volume.