iShares MSCI Denmark Capped ETF
ALTAR
Score™
7.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
2.0x
P/BV
ratio
1.6x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Denmark Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Denmark IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 26, 2012
Assets (mns) $49
Currency USD
Expense ratio 53 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 44
Wgt avg mkt cap (mns) $46,111
Large cap (>$10bn) 72.3%
Mid cap ($2-10bn) 20.8%
Small cap (<$2bn) 6.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 22.1 %
DSV A/S 7.8 %
DONG ENERGY A/S 6.5 %
VESTAS WIND SYSTEMS A/S 6.1 %
COLOPLAST A/S CLASS B 4.8 %
GENMAB A/S 4.5 %
CARLSBERG AS-B 4.2 %
NOVOZYMES A/S-B SHARES 3.8 %
DANSKE BANK A/S 3.8 %
CHR HANSEN HOLDING A/S 2.7 %
Total 66.2 %

TOP COUNTRY EXPOSURE
DENMARK 96.2 %
BRITAIN 0.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 20.1% 9.9% -- 14.5%

Market Correlations
versus... Beta R-squared
S&P500 0.62 35%
MSCI EAFE 0.84 53%
MSCI Emg. Mkts. 0.63 51%

Technical Indicators
Recent close $65.93
30d moving avg. $70.35
Annualized volatility 12.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $759

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EDEN Expense: 53 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDEN
Ticker Fund
Name
Overlap1
vs EDEN
(%)
Expense
ratio
(bp)
Savings
vs EDEN
(bp)
ALTAR
Score™
(%)
ALTAR
vs EDEN
(%)
GXF Global X FTSE Nordic Region ETF 33.7 58 -5 11.8 +4.5
SLIM The Obesity ETF 20.0 35 18 1.7 -5.6
FAN First Trust Global Wind Energy ETF 12.6 60 -7 6.2 -1.1
DWCR Arrow DWA Country Rotation ETF 10.5 95 -42 5.1 -2.2
DNL WisdomTree Global ex-US Dividend Growth Fund 10.1 58 -5 8.4 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 7.0 38 15 7.1 -0.2
FPXE First Trust IPOX Europe Equity Opportunities ETF 6.9 70 -17 4.0 -3.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 6.8 58 -5 6.9 -0.4
LNGR Global X Longevity Thematic ETF 6.5 50 3 3.7 -3.5
YLCO Global X YieldCo Index ETF 6.3 65 -12 4.3 -2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.1 58 -5 6.8 -0.5
GEX VanEck Vectors Global Alternative Energy ETF 6.1 63 -10 4.7 -2.6
PZD Invesco Cleantech ETF 6.0 68 -15 4.9 -2.4
EUMV iShares Edge MSCI Min Vol Europe ETF 5.6 25 28 5.5 -1.8
ICLN iShares Global Clean Energy ETF 5.4 46 7 3.3 -4.0
IDHQ Invesco S&P International Developed High Quality ETF 5.1 29 24 5.7 -1.5
SDG iShares Sustainable MSCI Global Impact ETF 5.0 49 4 5.7 -1.5
DDEZ WisdomTree Europe Multifactor Fund 4.7 43 10 6.8 -0.5
DIET Defiance Next Gen Food & Agriculture ETF 4.7 30 23 5.0 -2.3
FPXI First Trust International Equity Opportunities ETF 4.7 70 -17 4.4 -2.9

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

  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

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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 Denmark Capped ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 CATEGORY
AVERAGE
1.64
 
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.