iShares MSCI Finland Capped
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
17.0x P/Sales
ratio
1.1x
P/BV
ratio
1.9x Div.
yield
4.2%


  • 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) $26
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 38
Wgt avg mkt cap (mns) $13,673
Large cap (>$10bn) 51.7%
Mid cap ($2-10bn) 37.4%
Small cap (<$2bn) 10.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KONE OYJ-B 11.4 %
NOKIA OYJ 11.1 %
SAMPO OYJ-A SHS 9.7 %
UPM-KYMMENE OYJ 9.2 %
STORA ENSO OYJ-R SHS 5.3 %
ELISA OYJ CLASS A 4.7 %
NESTE OIL OYJ 4.5 %
FORTUM OYJ 4.4 %
HUHTAMAKI OYJ 3.3 %
ORION OYJ CLASS B 3.2 %
Total 66.7 %

TOP COUNTRY EXPOSURE
FINLAND 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.5% 3.5% 5.6% -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.60 32%
MSCI EAFE 0.93 65%
MSCI Emg. Mkts. 0.61 46%

Technical Indicators
Recent close $37.04
30d moving avg. $37.04
Annualized volatility 12.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.3%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $460

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Finland Capped 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™: 6.6%


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 30 14.5 58 -5 5.2 -1.5
CUT Invesco Timber 12.4 55 -2 7.2 +0.6
WOOD iShares S&P Global Timber 9.6 46 7 6.8 +0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 8.9 58 -5 7.5 +0.8
DFE WisdomTree Europe Small Cap Dividend 5.9 58 -5 9.3 +2.6
IDOG ALPS International Sector Dividend Dogs 5.5 50 3 7.4 +0.8
SMEZ SPDR Euro Stoxx Small Cap 5.5 46 7 5.4 -1.2
FTRI First Trust ISE Global Natural Resources Income 5.2 70 -17 10.0 +3.4
GNR SPDR S&P Global Nat. Resources 4.7 40 13 6.6 -0.1
CRAK VanEck Vectors Oil Refiners 4.5 60 -7 12.7 +6.1
PIZ Invesco DWA Dev. Mkts. Technical Leaders 4.4 80 -27 4.2 -2.4
NLR VanEck Vectors Nuclear Energy 4.4 60 -7 10.0 +3.3
FEUZ First Trust Eurozone AlphaDex 4.1 80 -27 7.1 +0.4
EUDG WisdomTree Europe Dividend 3.9 58 -5 6.5 -0.2
GRES Index IQ Global Resources 3.9 77 -24 6.2 -0.5
EFAS Global X MSCI SuperDividend EAFE 3.9 55 -2 8.5 +1.8
IQDE FlexShares Int'l Quality Dividend Defensive 3.8 47 6 9.8 +3.2
JPEU JPMorgan Diversified Return Europe Equity 3.8 37 16 6.7 +0.1
SCID Global X Scientific Beta Europe 3.7 38 15 6.5 -0.1
CID Victory CEMP International High Div Volatility Wtd 3.6 45 8 9.0 +2.4

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

  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

Content on this tab for subscribers only

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 MSCI Finland Capped
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 13.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.81 CATEGORY
AVERAGE
1.63
 
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.