iShares MSCI Finland ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 13.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 6.1%


  • 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 25, 2012
Assets (mns) $30
Currency USD
Expense ratio 56 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 35
Wgt avg mkt cap (mns) $18,556
Large cap (>$10bn) 51.1%
Mid cap ($2-10bn) 45.0%
Small cap (<$2bn) 4.0%
Developed mkts 96.5%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NORDEA BANK ABP 19.1 %
NOKIA OYJ 11.7 %
SAMPO OYJ CLASS A 9.2 %
KONE OYJ-B 7.3 %
WARTSILA OYJ 4.2 %
UPM-KYMMENE OYJ 3.9 %
FORTUM OYJ 3.8 %
METSO CORPORATION 3.7 %
ORION OYJ CLASS B 3.3 %
STORA ENSO OYJ-R SHS 3.2 %
Total 69.4 %

TOP COUNTRY EXPOSURE
FINLAND 92.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
9.7% 6.0% 3.8% 3.9% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 0.73 46%
MSCI EAFE 0.97 83%
MSCI Emg. Mkts. 0.76 52%

Technical Indicators
Recent close $36.89
30d moving avg. $37.30
Annualized volatility 18.4%
Short interest (ETF) 0.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 29
Turnover 3.6%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 206 potential alternatives to the iShares MSCI Finland 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: 56 bp ALTAR Score™: 7.4%


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
(%)
IDOG ALPS International Sector Dividend Dogs ETF 10.0 50 6 12.2 +4.8
CUT Invesco MSCI Global Timber ETF 9.8 61 -5 9.1 +1.7
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.9 58 -2 9.0 +1.5
WOOD iShares Global Timber & Forestry ETF 7.1 42 14 9.5 +2.1
BOTT Themes Robotics & Automation ETF 6.2 35 21 4.5 -3.0
HEDJ WisdomTree Europe Hedged Equity Fund 5.3 58 -2 6.6 -0.8
GNR SPDR S&P Global Natural Resources ETF 4.5 40 16 11.4 +4.0
AZTD Aztlan Global Stock Selection DM SMID ETF 4.5 75 -19 8.4 +1.0
FICS First Trust International Developed Capital Strength ETF 4.1 70 -14 5.7 -1.7
RFEU First Trust Riverfront Dynamic Europe ETF 4.0 83 -27 10.0 +2.6
VCLN Virtus Duff & Phelps Clean Energy ETF 3.8 59 -3 6.2 -1.2
NLR VanEck Uranium+Nuclear Energy ETF 3.8 61 -5 3.4 -4.1
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 3.6 75 -19 7.3 -0.1
IDAT iShares Future Cloud 5G and Tech ETF 3.3 47 9 4.8 -2.7
FEUZ First Trust Eurozone AlphaDEX ETF 3.3 80 -24 9.2 +1.8
EFAS Global X MSCI SuperDividend EAFE ETF 3.2 57 -1 8.5 +1.1
EFAV iShares MSCI EAFE Min Vol Factor ETF 3.2 22 34 5.8 -1.6
EZU iShares MSCI Eurozone ETF 3.0 52 4 6.8 -0.6
BKCI BNY Mellon Concentrated International ETF 3.0 80 -24 4.9 -2.5
OEUR ALPS O'Shares Europe Quality Dividend ETF 3.0 48 8 5.9 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 2.9 60 -4 9.1 +1.6
EUFN iShares MSCI Europe Financials ETF 2.7 51 5 8.5 +1.1
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.6 60 -4 13.3 +5.8
SCHY Schwab International Dividend Equity ETF 2.6 14 42 9.8 +2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.5 45 11 6.6 -0.8
DIM WisdomTree International MidCap Dividend Fund 2.4 58 -2 7.7 +0.3
DFIS Dimensional International Small Cap ETF 2.3 39 17 7.9 +0.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.2 65 -9 12.2 +4.8
CRAK VanEck Oil Refiners ETF 2.2 61 -5 15.4 +8.0
WDIV SPDR S&P Global Dividend ETF 2.2 40 16 9.6 +2.2
IEUS iShares MSCI Europe Small-Cap ETF 2.1 42 14 7.2 -0.3
INEQ Columbia International Equity Income ETF 2.1 45 11 8.7 +1.3
DISV Dimensional International Small Cap Value ETF 2.1 42 14 9.7 +2.2
IVAL Alpha Architect International Quantitative Value ETF 2.1 49 7 10.6 +3.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.1 32 24 6.1 -1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 2.1 55 1 6.9 -0.5
WWJD Inspire International ETF 2.1 80 -24 7.6 +0.2
JHID John Hancock International High Dividend ETF 2.0 46 10 10.3 +2.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.0 9 47 9.2 +1.8
EV Mast Global Battery Recycling & Production ETF 2.0 65 -9 11.6 +4.2
FEZ SPDR EURO STOXX 50 ETF 1.9 29 27 7.2 -0.3
QINT American Century Quality Diversified International ETF 1.9 39 17 7.6 +0.2
DFSI Dimensional International Sustainability Core 1 ETF 1.9 24 32 6.6 -0.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.8 56 0 12.6 +5.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 1.8 65 -9 4.1 -3.3
FEP First Trust Europe AlphaDEX Fund 1.8 80 -24 9.3 +1.9
EFV iShares MSCI EAFE Value ETF 1.8 34 22 9.4 +2.0
DFE WisdomTree Europe SmallCap Dividend Fund 1.8 58 -2 8.4 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 1.7 12 44 5.8 -1.7
IQDF FlexShares International Quality Dividend Index Fund 1.7 47 9 9.5 +2.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 1.7 30 26 7.3 -0.1
VWID Virtus WMC International Dividend ETF 1.7 49 7 8.8 +1.4
ETEC iShares Breakthrough Environmental Solutions ETF 1.7 47 9 5.8 -1.6
INTF iShares International Equity Factor ETF 1.6 15 41 8.1 +0.7
IEUR iShares Core MSCI Europe ETF 1.6 11 45 7.4 0.0
DTAN Sparkline International Intangible Value ETF 1.6 55 1 7.2 -0.2
FENI Fidelity Enhanced International ETF 1.6 28 28 7.0 -0.4
IDV iShares International Select Dividend ETF 1.6 51 5 11.6 +4.2
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 31 6.3 -1.1
OCEN IQ Clean Oceans ETF 1.5 45 11 5.7 -1.7
ESGD iShares ESG Aware MSCI EAFE ETF 1.5 20 36 7.1 -0.3
DFIC Dimensional International Core Equity 2 ETF 1.5 23 33 7.9 +0.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.4 12 44 6.2 -1.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 9 9.0 +1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.4 58 -2 6.5 -0.9
DLS WisdomTree International SmallCap Dividend Fund 1.4 58 -2 8.9 +1.5
SPEU SPDR Portfolio Europe ETF 1.4 7 49 7.5 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.4 14 42 6.0 -1.4
VYMI Vanguard International High Dividend Yield ETF 1.3 22 34 10.0 +2.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.3 24 32 6.4 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 1.3 29 27 6.7 -0.7
DTH WisdomTree International High Dividend Fund 1.3 58 -2 9.1 +1.7
CIL VictoryShares International Volatility Wtd ETF 1.3 45 11 7.0 -0.5
PPIE Putnam PanAgora ESG International Equity ETF 1.3 49 7 7.8 +0.4
VGK Vanguard FTSE Europe ETF 1.3 11 45 7.5 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.3 45 11 9.3 +1.9
TPIF Timothy Plan International ETF 1.3 62 -6 6.5 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.3 29 27 8.2 +0.8
NXTG First Trust Indxx NextG ETF 1.3 70 -14 5.8 -1.6
IVLU iShares MSCI Intl Value Factor ETF 1.2 30 26 11.1 +3.7
VIDI Vident International Equity Strategy ETF 1.2 61 -5 12.0 +4.6
KNO AXS Knowledge Leaders ETF 1.2 78 -22 6.1 -1.3
IEV iShares Europe ETF 1.2 67 -11 6.9 -0.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.2 46 10 10.4 +3.0
TRFK Pacer Data and Digital Revolution ETF 1.2 60 -4 3.9 -3.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.2 50 6 5.8 -1.6
BBEU JPMorgan BetaBuilders Europe ETF 1.2 9 47 7.2 -0.2
FNDC Schwab Fundamental International Small Co. Index ETF 1.2 39 17 6.3 -1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 1.2 25 31 7.2 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.2 39 17 7.0 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 1.2 46 10 6.8 -0.6
FLEE Franklin FTSE Europe ETF 1.1 9 47 7.0 -0.4
WBAT WisdomTree Battery Value Chain and Innovation Fund 1.1 45 11 0.0 -7.4
SCHC Schwab International Small-Cap Equity ETF 1.1 11 45 7.1 -0.3
DFAI Dimensional International Core Equity Market ETF 1.1 18 38 7.6 +0.2
EFA iShares MSCI EAFE ETF 1.1 35 21 7.0 -0.4
BLES Inspire Global Hope ETF 1.1 61 -5 6.8 -0.6
IEFA iShares Core MSCI EAFE ETF 1.0 7 49 7.4 -0.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.0 65 -9 3.5 -3.9
IQLT iShares MSCI Intl Quality Factor ETF 1.0 30 26 6.3 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 31 10.1 +2.7
DWM WisdomTree International Equity Fund 1.0 48 8 7.7 +0.3
HAP VanEck Natural Resources ETF 1.0 50 6 10.0 +2.6
SCZ iShares MSCI EAFE Small-Cap ETF 1.0 40 16 7.4 -0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.0 40 16 7.5 +0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.0 58 -2 7.1 -0.4
IQSI IQ Candriam International Equity ETF 1.0 15 41 6.7 -0.7
IBOT Vaneck Robotics ETF 1.0 47 9 4.6 -2.8
IDEV iShares Core MSCI International Developed Markets ETF 0.9 4 52 7.4 -0.1
IQDG WisdomTree International Quality Dividend Growth Fund 0.9 42 14 7.2 -0.2
MXI iShares Global Materials ETF 0.9 41 15 8.0 +0.6
JHMD John Hancock Multifactor Developed International ETF 0.9 39 17 7.8 +0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.9 30 26 8.6 +1.2
IMFL Invesco International Developed Dynamic Multifactor ETF 0.9 34 22 6.2 -1.2
DIHP Dimensional International High Profitability ETF 0.9 29 27 7.4 -0.0
VEA Vanguard FTSE Developed Markets ETF 0.9 5 51 7.6 +0.1
SCHF Schwab International Equity ETF 0.9 6 50 7.7 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.9 20 36 6.6 -0.8
ISCF iShares International SmallCap Equity Factor ETF 0.8 23 33 8.6 +1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 0.8 83 -27 10.0 +2.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.8 25 31 7.5 +0.1
KNCT Invesco Next Gen Connectivity ETF 0.8 40 16 5.1 -2.4
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 47 8.2 +0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.8 7 49 7.0 -0.4
AVDV Avantis International Small Cap Value ETF 0.8 36 20 10.9 +3.5
JPIN J.P. Morgan Diversified Return International Equity ETF 0.8 37 19 8.9 +1.5
AVIV Avantis International Large Cap Value ETF 0.8 25 31 9.3 +1.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.8 20 36 7.1 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.7 36 20 6.9 -0.5
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 7 5.9 -1.6
VSGX Vanguard ESG International Stock ETF 0.7 12 44 8.2 +0.8
AVSD Avantis Responsible International Equity ETF 0.7 23 33 6.8 -0.6
DFIV Dimensional International Value ETF 0.7 27 29 10.4 +3.0
TTAI FCF International Quality ETF 0.7 59 -3 6.9 -0.5
BKIE BNY Mellon International Equity ETF 0.7 4 52 7.3 -0.1
AVDE Avantis International Equity ETF 0.7 23 33 8.0 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.7 34 22 8.1 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 3 53 7.5 +0.1
IXUS iShares Core MSCI Total International Stock ETF 0.7 7 49 8.3 +0.9
VXUS Vanguard Total International Stock ETF 0.6 7 49 8.3 +0.9
DGT SPDR Global Dow ETF 0.6 50 6 7.5 +0.1
JSTC Adasina Social Justice All Cap Global ETF 0.6 89 -33 4.5 -2.9
STXI Strive International Developed Markets ETF 0.6 29 27 5.9 -1.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.6 20 36 7.4 -0.0
WRND IQ Global Equity R&D Leaders ETF 0.6 18 38 7.9 +0.5
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.6 35 21 5.9 -1.6
DOL WisdomTree International LargeCap Dividend Fund 0.6 48 8 7.5 +0.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 44 5.1 -2.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.6 39 17 11.0 +3.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 17 8.3 +0.9
GCOW Pacer Global Cash Cows Dividend ETF 0.6 60 -4 10.9 +3.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 26 5.6 -1.8
EXI iShares Global Industrials ETF 0.6 42 14 4.9 -2.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -24 4.9 -2.5
CLNR IQ Cleaner Transport ETF 0.5 45 11 7.3 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 48 8.5 +1.1
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.5 20 36 6.7 -0.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -14 4.5 -2.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -24 10.0 +2.6
PATN Pacer Nasdaq International Patent Leaders ETF 0.5 65 -9 4.0 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 0.5 30 26 5.9 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 26 8.2 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.5 41 15 7.1 -0.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.5 18 38 8.1 +0.7
DWX SPDR S&P International Dividend ETF 0.5 45 11 6.6 -0.9
FDEV Fidelity International Multifactor ETF 0.4 18 38 7.7 +0.3
RWX SPDR Dow Jones International Real Estate ETF 0.4 59 -3 5.9 -1.5
JXI iShares Global Utilities ETF 0.4 43 13 6.0 -1.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 7 7.3 -0.1
GWX SPDR S&P International Small Cap ETF 0.4 40 16 6.7 -0.7
AIQ Global X Artificial Intelligence & Technology ETF 0.4 68 -12 4.7 -2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 0.4 31 25 6.6 -0.8
RODE Hartford Multifactor Diversified International ETF 0.3 29 27 9.9 +2.5
EFG iShares MSCI EAFE Growth ETF 0.3 36 20 4.5 -2.9
BULD Pacer BlueStar Engineering the Future ETF 0.3 60 -4 2.0 -5.4
IFGL iShares International Developed Real Estate ETF 0.3 48 8 6.3 -1.2
TOK iShares MSCI Kokusai ETF 0.3 26 30 5.2 -2.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 36 5.9 -1.6
IGRO iShares International Dividend Growth ETF 0.3 15 41 7.3 -0.1
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 14 5.4 -2.0
URTH iShares MSCI World ETF 0.3 24 32 5.5 -1.9
GLOF iShares Global Equity Factor ETF 0.3 20 36 6.8 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 47 6.1 -1.3
VT Vanguard Total World Stock ETF 0.2 7 49 6.3 -1.1
GQRE FlexShares Global Quality Real Estate Index Fund 0.2 45 11 4.1 -3.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 46 7.5 +0.1
ACWI iShares MSCI ACWI ETF 0.2 32 24 6.0 -1.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.2 25 31 6.0 -1.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 44 7.7 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.2 9 47 5.5 -1.9
IXG iShares Global Financials ETF 0.2 42 14 7.2 -0.2
IXN iShares Global Tech ETF 0.2 41 15 4.5 -2.9
IDMO Invesco S&P International Developed Momentum ETF 0.2 25 31 5.7 -1.7
FILL iShares MSCI Global Energy Producers ETF 0.2 39 17 11.4 +4.0
IXP iShares Global Comm Services ETF 0.2 42 14 6.7 -0.7
IXC iShares Global Energy ETF 0.2 44 12 9.8 +2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.2 39 17 14.1 +6.7
KXI iShares Global Consumer Staples ETF 0.1 41 15 5.4 -2.0
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 26 3.1 -4.3
RWO SPDR Dow Jones Global Real Estate ETF 0.1 50 6 2.9 -4.6
FIDI Fidelity International High Dividend ETF 0.1 18 38 9.0 +1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 36 6.0 -1.4
JIRE JPMorgan International Research Enhanced Equity ETF 0.1 24 32 7.4 -0.0
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 41 6.2 -1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -24 11.8 +4.4
DEW WisdomTree Global High Dividend Fund 0.1 58 -2 7.7 +0.3

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 ETF
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 12.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.60
 
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.