iShares MSCI Argentina & Global Exposure ETF A
ALTAR
Score™
9.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.2x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Argentina and Global Exposure ETF tracks a market-cap-weighted index of at least 25 companies that are headquartered or listed in Argentina or have significant linkage to Argentina.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 25, 2017
Assets (mns) $9
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $8,147
Large cap (>$10bn) 31.6%
Mid cap ($2-10bn) 26.5%
Small cap (<$2bn) 41.9%
Developed mkts 23.1%
Emerging mkts 76.9%

TOP TEN HOLDINGS
MERCADOLIBRE INC 24.3 %
GLOBANT SA 12.3 %
TELECOM ARGENTINA SA SPONSORED ADR 5.1 %
PAMPA ENERGIA SA-SPON ADR 4.7 %
EMBOTELLADORA ANDINA-PREF B 4.4 %
BANCO MACRO SA-ADR 4.3 %
CENCOSUD SA 4.1 %
CIA CERVECERIAS UNIDAS SA 3.9 %
YPF S.A.-SPONSORED ADR 3.9 %
TRANSPORTADOR GAS SUR-SP ADR 3.8 %
Total 70.8 %

TOP COUNTRY EXPOSURE
ARGENTINA 61.4 %
LUXEMBOURG 16.0 %
CHILE 12.5 %
CANADA 3.6 %
URUGUAY 2.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-38.3% -39.9% -- -- -16.9%

Market Correlations
versus... Beta R-squared
S&P500 1.38 34%
MSCI EAFE 1.69 50%
MSCI Emg. Mkts. 1.46 54%

Technical Indicators
Recent close $14.33
30d moving avg. $16.36
Annualized volatility 36.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 29

Liquidity measures
Avg. volume (thou.) 20
Turnover 3.1%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $523

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Argentina & Global Exposure ETF A ETF based on the alternatives' overlap in portfolio holdings with AGT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AGT Expense: 59 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AGT
Ticker Fund
Name
Overlap1
vs AGT
(%)
Expense
ratio
(bp)
Savings
vs AGT
(bp)
ALTAR
Score™
(%)
ALTAR
vs AGT
(%)
ARGT Global X MSCI Argentina ETF 96.2 59 0 9.7 -0.0
DOGS Arrow Dogs of the World ETF 26.1 134 -75 13.6 +3.9
ECH iShares MSCI Chile ETF 9.7 59 0 8.9 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 5.9 86 -27 3.3 -6.5
ARKF ARK Fintech Innovation ETF 4.8 75 -16 1.7 -8.0
EBIZ Global X E-Commerce ETF 4.0 50 9 4.6 -5.1
AADR WCM/BNY Mellon Focused Growth ADR ETF 3.9 110 -51 4.6 -5.1
XBUY Amplify International Online Retail ETF 3.6 69 -10 -0.5 -10.2
GOEX Global X Gold Explorers ETF 3.6 65 -6 4.7 -5.0
SIL Global X Silver Miners ETF 3.6 65 -6 3.4 -6.3
SLVP iShares MSCI Global Silver Miners ETF 3.6 39 20 2.5 -7.2
SILJ ETFMG Prime Junior Silver ETF 3.6 69 -10 0.7 -9.1
TTTN UP Fintech China-U.S. Internet Titans ETF 3.6 59 0 6.0 -3.8
BUYZ Franklin Disruptive Commerce ETF 3.2 50 9 0.2 -9.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.2 80 -21 2.1 -7.7
PNQI Invesco NASDAQ Internet ETF 3.0 62 -3 3.0 -6.8
AWAY ETFMG Travel Tech ETF 2.6 75 -16 -0.8 -10.5
SDIV Global X SuperDividend ETF 2.6 58 1 23.8 +14.0
ONLN ProShares Online Retail ETF 2.4 58 1 2.4 -7.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 2.3 32 27 8.9 -0.8
GIGE SoFi Gig Economy ETF 2.3 59 0 -0.3 -10.1
ARKW ARK Web x.0 ETF 2.3 76 -17 -0.7 -10.5
VRAI Virtus Real Asset Income ETF 2.0 55 4 14.6 +4.9
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 1.8 45 14 10.0 +0.2
SDEM Global X SuperDividend Emerging Markets ETF 1.7 67 -8 25.4 +15.6
BRF VanEck Vectors Brazil Small-Cap ETF 1.7 60 -1 5.4 -4.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 1.6 60 -1 4.8 -4.9
IBUY Amplify Online Retail ETF 1.6 65 -6 -1.1 -10.8
PLAT WisdomTree Modern Tech Platforms Fund 1.5 45 14 2.1 -7.7
OGIG O'Shares Global Internet Giants ETF 1.4 48 11 0.9 -8.8
CROP IQ Global Agribusiness Small Cap ETF 1.4 76 -17 6.2 -3.6
FLN First Trust Latin America AlphaDEX Fund 1.4 80 -21 8.1 -1.7
NULG Nuveen ESG Large-Cap Growth ETF 1.3 35 24 4.5 -5.3
JKH iShares Morningstar Mid-Cap Growth ETF 1.3 30 29 3.4 -6.4
RING iShares MSCI Global Gold Miners ETF 1.3 39 20 4.6 -5.1
SGDJ ALPS Sprott Junior Gold Miners ETF 1.1 50 9 4.1 -5.7
VALX Validea Market Legends ETF 1.1 79 -20 17.6 +7.9
AIIQ AI Powered International Equity ETF 1.0 79 -20 5.8 -4.0
ROAM Hartford Multifactor Emerging Markets ETF 1.0 44 15 17.2 +7.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 60 -1 5.2 -4.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 24 5.5 -4.3
VCR Vanguard Consumer Discretionary Index Fund 0.9 10 49 6.2 -3.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 0.9 8 51 5.9 -3.9
GBUY Goldman Sachs Motif New Age Consumer ETF 0.9 50 9 3.5 -6.3
PID Invesco International Dividend Achievers ETF 0.8 54 5 9.2 -0.5
NULC Nuveen ESG Large-Cap ETF 0.8 20 39 6.5 -3.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.7 45 14 11.3 +1.5
FLLA Franklin FTSE Latin America ETF 0.7 19 40 9.0 -0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.7 29 30 14.2 +4.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.6 45 14 11.4 +1.7
ILF iShares Latin America 40 ETF 0.6 48 11 9.4 -0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 69 -10 9.7 -0.1
GFIN Goldman Sachs Motif Finance Reimagined ETF 0.5 50 9 7.4 -2.3
SGDM Sprott Gold Miners ETF 0.5 50 9 3.1 -6.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 0.5 18 41 5.4 -4.4
EMFM Global X MSCI Next Emerging & Frontier ETF 0.5 55 4 10.0 +0.3
XT iShares Exponential Technologies ETF 0.5 47 12 6.5 -3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 14 10.1 +0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.5 32 27 11.1 +1.4
QLV FlexShares US Quality Low Volatility Index Fund 0.5 22 37 6.1 -3.7
DIET Defiance Next Gen Food & Agriculture ETF 0.4 30 29 5.7 -4.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 12.3 +2.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.4 70 -11 3.9 -5.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.4 49 10 10.1 +0.3
XCEM Columbia EM Core ex-China ETF 0.4 16 43 9.4 -0.4
ECON Columbia Emerging Markets Consumer ETF 0.4 59 0 5.6 -4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -36 12.0 +2.3
QYLD Global X NASDAQ 100 Covered Call ETF 0.3 60 -1 4.7 -5.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.3 35 24 7.6 -2.1
NUSI Nationwide Risk-Managed Income ETF 0.3 68 -9 4.6 -5.2
QQQ Invesco QQQ Trust 0.3 20 39 5.1 -4.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.3 45 14 15.8 +6.1
DVEM WisdomTree Emerging Markets Dividend Fund 0.3 32 27 10.7 +1.0
KOMP SPDR Kensho New Economies Composite ETF 0.2 20 39 2.5 -7.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 0.2 21 38 4.1 -5.7
JHSC John Hancock Multifactor Small Cap ETF 0.2 50 9 8.2 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 0.2 14 45 10.3 +0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 20 6.0 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 49 10 10.7 +1.0
IETC iShares Evolved U.S. Technology ETF 0.2 18 41 5.0 -4.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 65 -6 9.8 +0.0
EEM iShares MSCI Emerging Markets ETF 0.2 68 -9 9.8 +0.0
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 49 6.6 -3.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 20 15.0 +5.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 49 6.6 -3.2
SIZE iShares Edge MSCI USA Size Factor ETF 0.2 15 44 7.8 -2.0
VGFO Virtus WMC Global Factor Opportunities ETF 0.2 49 10 7.3 -2.4
GWX SPDR S&P International Small Cap ETF 0.2 40 19 7.9 -1.9
VFMO Vanguard U.S. Momentum Factor ETF 0.2 13 46 4.4 -5.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.2 20 39 9.0 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 0.2 15 44 7.9 -1.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 29 10.6 +0.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.1 25 34 9.1 -0.7
IQSU IQ Candriam ESG US Equity ETF 0.1 9 50 6.3 -3.4
VEGI iShares MSCI Global Agriculture Producers ETF 0.1 39 20 7.2 -2.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 -4 16.2 +6.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 12 47 6.6 -3.2
ESGU iShares MSCI USA ESG Optimized ETF 0.1 15 44 6.3 -3.4
SCHC Schwab International Small-Cap Equity ETF 0.1 12 47 9.1 -0.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 45 14 10.3 +0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares MSCI Argentina & Global Exposure ETF A
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.