iShares MSCI Emerging Markets Value Factor ETF, or EVLU, is an exchange-traded fund sponsored by BlackRock that seeks to track the investment results of an index composed of emerging market large- and mid-capitalization stocks with prominent value characteristics, with an additional emphasis on companies exhibiting relatively higher quality characteristics. The fund primarily invests through a rules-based, index-tracking approach and is designed to provide targeted exposure to value-style investing in emerging markets through diversified equity holdings.
Launched on September 4, 2024, EVLU is managed within BlackRock’s iShares ETF platform and is headquartered in the United States as part of BlackRock’s broader global asset management business. The fund’s benchmark is the MSCI Emerging Markets Value Factor Select Index (Net), and its distribution frequency is semi-annual.
The fund’s core offering centers on listed equity exposure to emerging markets, with holdings selected from large- and mid-cap issuers that screen for value factors and, within that universe, quality characteristics. Its product structure is an ETF, making it suitable for investors seeking liquid, exchange-traded access to emerging-market value stocks rather than active stock selection.
Recent publicly available information indicates continued scaling and portfolio development since launch, with fund assets and net assets reported in the multi-million-dollar range in 2025 and 2026, reflecting ongoing market adoption. No material rebranding, merger, or strategic restructuring is evident in the latest public product information; instead, the key recent development is the fund’s post-launch expansion and ongoing tracking of the MSCI Emerging Markets Value Factor Select Index.