ADRE’s largest holding is Taiwan Semiconductor (NYSE: TSM) at 8.5% and other members of the ETF’s top-10 lineup are likely to familiar to many U.S. investors. That group includes Baidu (NasdaqGS: BIDU), Petrobras (NYSE: PBR) an Vale (NYSE: VALE). The average market value of ADRE’s holdings is $47.6 billion.
ADRE is however lightly exposed to Russia and Southeast Asia. Indonesia and Russia are the fund’s two smallest country weights, combining for just over 2%.
Due to a lineup of all U.S.-listed stocks, ADRE’s tracking error is low, an important consideration with ETFs. Over the past five years, the fund’s net asset value is up 8.55% compared to 8.81% for its underlying index, indicating ADRE’s expense ratio of 0.3% accounts for much of its limited tracking error.
BLDRS Emerging Markets 50 ADR Index Fund
