ETF Evaluator:
iShares Enhanced Emerging Mkts Actv ETF (ENHE)
Follow This ETF
(as of Oct 12)
Best Performing in Diversified Emerging Mkts Over the Last Year
| 91.3% | Nomura Focused Emerging Mrkts Eq ETF (EMEQ) |
| 73.9% | FT EM Human Flourishing ETF (FTHF) |
| 62.5% | Freedom 100 Emerging Markets ETF (FRDM) |
| 55.8% | Strive Emerging Markets Ex-China ETF (STXE) |
| 54.4% | KraneShares MSCI Em Mkts ex CHN ETF (KEMX) |
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ETF Details
iShares Enhanced Emerging Mkts Actv ETF Overview
iShares Enhanced Emerging Mkts Actv ETF (ENHE) is an actively managed International Equity Diversified Emerging Mkts exchange-traded fund (ETF). iShares launched the ETF in 2026.
The investment seeks to outperform the MSCI Emerging Markets Index (the “MSCI EM Index”).
Under normal circumstances, the fund seeks to invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in equity securities of issuers located in, or economically tied to, emerging markets and derivatives that provide investment exposure to such securities or to one or more market risk factors associated with such securities. The MSCI EM Index is a capitalization-weighted index that, as of December 31, 2025, captures large- and mid‑cap representation across 24 emerging markets countries. It is non-diversified.
About iShares Enhanced Emerging Mkts Actv ETF (ENHE)
There are 3 members of the management team with an average tenure of 0.00 years: Jeff Shen (2026), Richard Mathieson (2026) and David Piazza (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 0 primary benchmark: . iShares Enhanced Emerging Mkts Actv ETF has securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Enhanced Emerging Mkts Actv ETF is part of the Equity global asset class and is within the International Equity ETF group. iShares Enhanced Emerging Mkts Actv ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Enhanced Emerging Mkts Actv ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $9 million in total assets, which is below the $4 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ENHE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Enhanced Emerging Mkts Actv ETF expense ratio is below average compared to funds in the Diversified Emerging Mkts category. iShares Enhanced Emerging Mkts Actv ETF has an expense ratio of 0.35%, which is 31% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Enhanced Emerging Mkts Actv ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 46% for the Diversified Emerging Mkts category.
Recently, in the month of September 2026, iShares Enhanced Emerging Mkts Actv ETF returned 0.0%, which earned it a grade of NA, as the Diversified Emerging Mkts category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Enhanced Emerging Mkts Actv ETF has a trailing yield of 0.00%, which is below the 2.44% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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ENHE Trailing NAV Total Returns Data as of 9/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ENHE Return (NAV) | na | na | na | na | na | na |
| ENHE Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | -1.1% | -0.2% | 26.4% | 20.7% | 7.6% | 7.8% |
| ENHE Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| ENHE Tax-Cost Ratio | na | na | na | na | na | na |
ENHE Annual NAV Total ReturnsData as of 9/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ENHE Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ENHE Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 20.6% | 29.2% | 6.7% | 12.8% | -18.8% | 2.3% | 12.7% | 18.2% | -14.6% | 33.7% | 10.9% |
| ENHE Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 10 Mil |
| Share Class Assets: | $ 10 Mil |
| Turnover: | na |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | None |
| Index Weighting: | 0% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Shen Jeff (2026), Mathieson Richard (2026), Piazza David (2026) | |||
Portfolio Composition (as of )
| # of Holdings: | |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-441-7762 |
| Website: | www.blackrock.com |
| Inception Date: | September 29, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.51% |
