iShares MSCI Finland Capped ETF
ALTAR
Score™
5.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
1.0x
P/BV
ratio
1.8x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Finland 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 Finland 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) $30
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 33
Wgt avg mkt cap (mns) $15,229
Large cap (>$10bn) 59.9%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 15.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KONE OYJ-B 13.7 %
NOKIA OYJ 13.5 %
SAMPO OYJ-A SHS 9.5 %
UPM-KYMMENE OYJ 9.2 %
ELISA OYJ CLASS A 4.9 %
NESTE OIL OYJ 4.7 %
STORA ENSO OYJ-R SHS 4.6 %
ORION OYJ CLASS B 4.0 %
FORTUM OYJ 3.9 %
KESKO OYJ-B SHS 3.1 %
Total 71.3 %

TOP COUNTRY EXPOSURE
FINLAND 99.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.9% 3.5% 4.6% -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.90 69%
MSCI EAFE 1.04 79%
MSCI Emg. Mkts. 0.80 71%

Technical Indicators
Recent close $37.86
30d moving avg. $33.38
Annualized volatility 18.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.8%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $771

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EFNL Expense: 53 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFNL
Ticker Fund
Name
Overlap1
vs EFNL
(%)
Expense
ratio
(bp)
Savings
vs EFNL
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFNL
(%)
GXF Global X FTSE Nordic Region ETF 15.4 58 -5 10.9 +5.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 12.7 58 -5 7.9 +2.1
CUT Invesco MSCI Global Timber ETF 12.3 55 -2 9.0 +3.3
WOOD iShares Global Timber & Forestry ETF 10.1 46 7 9.8 +4.1
DFE WisdomTree Europe SmallCap Dividend Fund 7.6 58 -5 8.4 +2.7
SMEZ SPDR EURO STOXX Small Cap ETF 7.3 45 8 5.4 -0.3
FEUZ First Trust Eurozone AlphaDEX ETF 6.5 80 -27 7.8 +2.0
FTRI First Trust Indxx Global Natural Resources Income ETF 6.1 70 -17 11.0 +5.3
GNR SPDR S&P Global Natural Resources ETF 5.4 40 13 6.4 +0.7
FID First Trust S&P International Dividend Aristocrats ETF 5.2 60 -7 9.6 +3.9
FDD First Trust Stoxx European Select Dividend Index Fund 4.9 57 -4 11.8 +6.1
CRAK VanEck Vectors Oil Refiners ETF 4.7 60 -7 11.8 +6.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 4.6 58 -5 6.1 +0.4
GRES IQ Global Resources ETF 4.5 77 -24 7.3 +1.6
EFAS Global X MSCI SuperDividend EAFE ETF 4.4 55 -2 9.8 +4.0
SCID Global X Scientific Beta Europe ETF 4.2 38 15 6.9 +1.1
WDIV SPDR Global Dividend ETF 4.1 40 13 9.5 +3.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.1 47 6 12.7 +7.0
PIZ Invesco DWA Developed Markets Momentum ETF 4.1 80 -27 4.3 -1.5
HEDJ WisdomTree Europe Hedged Equity Fund 4.0 58 -5 7.0 +1.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 4.0 45 8 9.8 +4.0
NLR VanEck Vectors Uranium+Nuclear Energy ETF 3.9 60 -7 8.6 +2.9
IDV iShares International Select Dividend ETF 3.8 49 4 12.3 +6.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 3.8 20 33 9.3 +3.5
IQDF FlexShares International Quality Dividend Index Fund 3.8 47 6 12.9 +7.2
DDEZ WisdomTree Europe Multifactor Fund 3.8 43 10 7.2 +1.5
EURZ Xtrackers Eurozone Equity ETF 3.8 9 44 7.0 +1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 3.6 45 8 6.8 +1.0
JPEU JPMorgan Diversified Return Europe Equity ETF 3.4 37 16 6.8 +1.1
EZU iShares MSCI Eurozone ETF 3.3 49 4 6.7 +1.0
EUMV iShares Edge MSCI Min Vol Europe ETF 3.3 25 28 5.5 -0.3
DOO WisdomTree International Dividend ex-Financials Fund 3.3 58 -5 8.7 +2.9
OEUR O'shares FTSE Europe Quality Dividend ETF 3.3 48 5 6.6 +0.9
FEP First Trust Europe AlphaDEX Fund 3.1 80 -27 7.9 +2.2
IQDG WisdomTree International Quality Dividend Growth Fund 3.1 38 15 6.4 +0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.0 58 -5 9.9 +4.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 3.0 58 -5 6.4 +0.6
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 3.0 43 10 8.7 +2.9
DLS WisdomTree International SmallCap Dividend Fund 3.0 58 -5 8.5 +2.7
LVHI Legg Mason International Low Volatility High Dividend ETF 2.8 40 13 10.2 +4.5
DWX SPDR S&P International Dividend ETF 2.8 45 8 7.7 +2.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.8 39 14 10.9 +5.1
DIM WisdomTree International MidCap Dividend Fund 2.7 58 -5 7.6 +1.9
WWJD Inspire International ESG ETF 2.7 80 -27 7.6 +1.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 2.5 30 23 7.4 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 2.5 32 21 6.5 +0.8
JPIN JPMorgan Diversified Return International Equity ETF 2.3 38 15 8.0 +2.2
RFEU First Trust Riverfront Dynamic Europe ETF 2.3 83 -30 5.0 -0.8
IEUS iShares MSCI Europe Small-Cap ETF 2.3 40 13 6.8 +1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.3 47 6 13.5 +7.7
IMOM Alpha Architect International Quantitative Momentum ETF 2.2 59 -6 4.2 -1.5
IDHQ Invesco S&P International Developed High Quality ETF 2.2 29 24 5.4 -0.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 2.1 20 33 10.9 +5.2
DTH WisdomTree DEFA Equity Income Fund 2.1 58 -5 9.6 +3.8
DNL WisdomTree Global ex-US Dividend Growth Fund 2.1 58 -5 8.0 +2.2
QINT American Century Quality Diversified International ETF 2.0 39 14 5.9 +0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 2.0 30 23 6.2 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.9 24 29 7.2 +1.5
BBEU JPMorgan BetaBuilders Europe ETF 1.9 9 44 7.3 +1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 1.8 30 23 6.8 +1.1
VGK Vanguard FTSE Europe ETF 1.8 8 45 7.3 +1.5
FLEE Franklin FTSE Europe ETF 1.8 9 44 7.0 +1.3
FEU SPDR Portfolio Europe ETF 1.8 9 44 7.3 +1.5
IEUR iShares Core MSCI Europe ETF 1.8 9 44 7.3 +1.5
FLEH Franklin FTSE Europe Hedged ETF 1.8 9 44 7.2 +1.4
IEV iShares Europe ETF 1.7 59 -6 6.8 +1.1
TPIF Timothy Plan International ETF 1.7 62 -9 7.0 +1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 1.7 29 24 8.1 +2.3
DWM WisdomTree International Equity Fund 1.7 48 5 8.2 +2.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.7 45 8 6.8 +1.0
EUDV ProShares MSCI Europe Dividend Growers ETF 1.6 55 -2 6.9 +1.1
RBIN Nationwide Risk-Based International Equity ETF 1.6 42 11 6.5 +0.7
FDEV Fidelity Targeted International Factor ETF 1.6 39 14 6.5 +0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 1.6 20 33 5.9 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.6 35 18 8.6 +2.9
QEFA SPDR MSCI EAFE Quality Mix ETF 1.5 30 23 6.8 +1.0
VYMI Vanguard International High Dividend Yield ETF 1.5 32 21 10.1 +4.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.5 25 28 6.7 +1.0
CIL VictoryShares International Volatility Weighted Index ETF 1.5 45 8 6.7 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 1.4 40 13 6.9 +1.1
IDMO Invesco S&P International Developed Momentum ETF 1.4 25 28 4.7 -1.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.4 65 -12 11.7 +6.0
EUFN iShares MSCI Europe Financials ETF 1.4 48 5 11.5 +5.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 1.3 46 7 5.9 +0.2
JPGE JPMorgan Diversified Return Global Equity ETF 1.3 29 24 7.3 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 1.3 30 23 6.9 +1.2
MXI iShares Global Materials ETF 1.3 46 7 6.1 +0.3
JHMD John Hancock Multifactor Developed International ETF 1.3 45 8 7.4 +1.7
DWMF WisdomTree International Multifactor Fund 1.3 38 15 6.8 +1.1
BLES Inspire Global Hope Large Cap ETF 1.3 61 -8 6.2 +0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 1.3 30 23 5.0 -0.8
GCOW Pacer Global High Dividend ETF 1.3 60 -7 10.6 +4.9
INTF iShares Edge MSCI Multifactor Intl ETF 1.3 30 23 8.3 +2.6
FILL iShares MSCI Global Energy Producers ETF 1.2 39 14 5.9 +0.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.2 61 -8 5.0 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.2 45 8 7.2 +1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 14 6.7 +0.9
IXC iShares Global Energy ETF 1.2 46 7 5.3 -0.4
SCZ iShares MSCI Eafe Small-Cap ETF 1.2 40 13 6.5 +0.8
MVIN Natixis Seeyond International Minimum Volatility ETF 1.2 55 -2 5.8 +0.0

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.75 CATEGORY
AVERAGE
1.59
 
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.