iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that seeks to track the investment results of the MSCI Emerging Markets Extended ESG Leaders Index, which consists of emerging market large- and mid-capitalization stocks exhibiting high environmental, social, and governance (ESG) performance relative to sector peers. The fund provides investors with targeted exposure to ESG leaders in emerging markets across sectors such as financials, information technology, consumer discretionary, communication services, and materials; top holdings include Tencent Holdings Ltd., HDFC Bank Ltd., Reliance Industries Ltd., and China Construction Bank Corp. Managed passively by BlackRock with an expense ratio of 0.17%, LDEM offers daily liquidity on the Nasdaq exchange and focuses on sustainable investing by excluding companies involved in controversial business activities like weapons, tobacco, or fossil fuels. Launched on February 5, 2020, the fund is domiciled in the United States and available to investors in the U.S. and Mexico, with assets under management of approximately $33 million. In portfolio management updates during 2025, Peter Sietsema, Matt Waldron, and Steven White joined as co-managers effective April 1, complementing existing managers Jennifer Hsui and Paul Whitehead. The fund maintains steady operations amid BlackRock's broader strategic expansions in ESG and emerging markets offerings, with no reported acquisitions, partnerships, or structural changes specific to LDEM in the last two years.