iShares MSCI Frontier and Select EM ETF

Frequently Asked Questions About FM

What does FM invest in?

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.

What is the expense ratio of FM?

iShares MSCI Frontier and Select EM ETF (FM) charges an expense ratio of 0.79%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FM?

iShares MSCI Frontier and Select EM ETF (FM) manages $193.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FM actively managed or an index fund?

FM is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FM's is 0.79%) because there's no security selection cost.

When was FM launched?

iShares MSCI Frontier and Select EM ETF (FM) launched in September 2012 and is managed by IShares.

How has FM performed?

FM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.