iShares Emerging Markets Dividend
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
9.4x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
7.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Emerging Markets Dividend Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones Emerging Markets Select Dividend Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Feb 24, 2012
Assets (mns) $664
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 98
Wgt avg mkt cap (mns) $10,874
Large cap (>$10bn) 17.9%
Mid cap ($2-10bn) 48.1%
Small cap (<$2bn) 31.4%
Developed mkts 3.7%
Emerging mkts 96.3%

TOP TEN HOLDINGS
ASTRAL FOODS LTD 2.3 %
NANYA TECHNOLOGY CORPORATION 2.1 %
SEVERSTAL 2.1 %
MMC NORILSK NICKEL OJSC 1.9 %
EREGLI DEMIR VE CELIK FABRIK 1.9 %
MAGNITOGORSK IRON&STEEL 1.8 %
AGILE PROPERTY HOLDINGS LTD 1.7 %
TELEFONICA BRASIL SA PFD 1.5 %
HUAKU DEVELOPMENT CO LTD 1.5 %
MOBILE TELESYSTEMS PJSC SPONSORED 1.5 %
Total 18.4 %

TOP COUNTRY EXPOSURE
TAIWAN 22.4 %
RUSSIA 14.6 %
BRAZIL 9.4 %
CHINA 7.9 %
SOUTH AFRICA 7.8 %
THAILAND 7.0 %
TURKEY 4.4 %
INDIA 3.6 %
UAE 3.3 %
MALAYSIA 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
8.4% 5.8% 2.3% -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.68 39%
MSCI EAFE 0.83 48%
MSCI Emg. Mkts. 0.81 75%

Technical Indicators
Recent close $38.81
30d moving avg. $38.60
Annualized volatility 13.1%
Short interest (ETF) 0.4%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 116
Turnover 0.7%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $1,474

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Emerging Markets Dividend ETF based on the alternatives' overlap in portfolio holdings with DVYE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVYE Expense: 49 bp ALTAR Score™: 13.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVYE
Ticker Fund
Name
Overlap1
vs DVYE
(%)
Expense
ratio
(bp)
Savings
vs DVYE
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVYE
(%)
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 25.7 46 3 17.8 +4.3
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 23.4 50 -1 13.3 -0.2
SDEM Global X SuperDividend Emg Mkts 22.7 67 -18 17.4 +3.8
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 15.9 51 -2 12.4 -1.2
DEM WisdomTree Emerg Mkts High Yield Equity 15.3 63 -14 12.3 -1.3
EELV Invesco S&P Emg Mkts Low Volatility 12.4 29 20 10.1 -3.4
ROAM Hartford Multifactor Emerging Markets 12.2 44 5 11.1 -2.5
ERUS iShares MSCI Russia 11.0 59 -10 15.4 +1.8
FNDE Schwab Fundamental Emg Mkt Large Cap 10.7 39 10 11.0 -2.5
PXH Invesco FTSE-RAFI Emerging Markets 10.3 50 -1 12.2 -1.3
EEMD AAM S&P Emerging Markets High Dividend Value 10.3 50 -1 12.2 -1.3
DVEM WisdomTree Emerging Markets Dividend 10.3 32 17 11.2 -2.3
EYLD Cambria Emerging Shareholder Yield 10.1 66 -17 10.8 -2.8
FEM First Trust Emerging Markets AlphaDEX 9.9 80 -31 10.7 -2.8
IQDE FlexShares Int'l Quality Dividend Defensive 9.8 47 2 9.6 -4.0
IQDF FlexShares Int'l Quality Dividend 9.6 47 2 9.4 -4.2
FLRU Franklin FTSE Russia 9.4 19 30 17.2 +3.7
EDOG ALPS Emerging Sector Dividend Dogs 9.4 60 -11 9.3 -4.3
CEZ Victory CEMP Emerging Market Volatility Weighted 9.2 50 -1 9.2 -4.4
SDIV Global X Superdividend 8.8 58 -9 11.0 -2.6

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%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Emerging Markets Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.49
 
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.