iShares MSCI Philippines ETF
ALTAR
Score™		 10.1% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 8.9x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
EPHE tracks a market-cap-weighted index of the broader Filipino equity market.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Blackrock Inc.
Website us.ishares.com
Inception date Sep 28, 2010
Assets (mns) $96
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $7,872
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 27.8%
Small cap (<$2bn) 15.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
BDO UNIBANK INC 12.5 %
INTL CONTAINER TERM SVCS INC 12.4 %
BANK OF PHILIPPINE ISLANDS 9.0 %
SM PRIME HOLDINGS INC 7.4 %
SM INVESTMENTS CORP 5.3 %
MANILA ELECTRIC COMPANY 4.5 %
JOLLIBEE FOODS CORPORATION 4.4 %
METROPOLITAN BANK & TRUST 4.2 %
PLDT, INC. 4.0 %
GT CAPITAL HOLDINGS, INC. 2.5 %
Total 66.3 %

TOP COUNTRY EXPOSURE
PHILIPPINES 90.2 %










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.
-4.1% -11.3% -2.5% -4.4% 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.87 43%
MSCI EAFE 1.02 62%
MSCI Emg. Mkts. 0.98 57%

Technical Indicators
Recent close $25.56
30d moving avg. $24.94
Annualized volatility 22.5%
Short interest (ETF) 3.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 102
Turnover 2.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $56

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 106 potential alternatives to the iShares MSCI Philippines ETF ETF based on the alternatives' overlap in portfolio holdings with EPHE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPHE Expense: 59 bp ALTAR Score™: 10.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPHE
Ticker Fund
Name		 Overlap1
vs EPHE
(%)		 Expense
ratio
(bp)		 Savings
vs EPHE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EPHE
(%)
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.3 60 -1 11.0 +0.9
FTHF First Trust Emerging Markets Human Flourishing ETF 4.9 75 -16 9.8 -0.3
ASEA Global X FTSE Southeast Asia ETF 4.2 65 -6 6.9 -3.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.4 32 27 7.0 -3.1
EMMF WisdomTree Emerging Markets Multifactor Fund 3.1 48 11 7.8 -2.4
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.9 90 -31 8.4 -1.7
TMFG Motley Fool Global Opportunities ETF 2.8 85 -26 3.5 -6.6
FRDM Freedom 100 Emerging Markets ETF 2.0 49 10 9.1 -1.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 -1 8.0 -2.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -8 13.3 +3.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.7 25 34 6.5 -3.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 1.7 10 49 7.5 -2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -36 13.1 +3.0
RNEM First Trust Emerging Markets Equity Select ETF 1.4 75 -16 1.0 -9.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.4 75 -16 10.3 +0.2
ROAM Hartford Multifactor Emerging Markets ETF 1.3 44 15 11.3 +1.2
XCEM Columbia EM Core ex-China ETF 1.1 16 43 8.5 -1.7
MEM Matthews Emerging Markets Equity Active ETF 1.1 79 -20 8.5 -1.6
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 10 11.6 +1.5
DEM WisdomTree Emerging Markets High Dividend Fund 1.0 63 -4 13.6 +3.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.0 24 35 8.3 -1.8
RODE Hartford Multifactor Diversified International ETF 0.9 29 30 9.9 -0.2
WWJD Inspire International ETF 0.9 80 -21 7.6 -2.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.9 12 47 7.7 -2.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 29 9.3 -0.8
SHPP Pacer Industrials and Logistics ETF 0.8 60 -1 5.1 -5.0
XCNY SPDR S&P Emerging Markets ex-China ETF 0.8 15 44 0.0 -10.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.8 80 -21 13.8 +3.7
XC WisdomTree Emerging Markets Ex-China Fund 0.8 32 27 5.5 -4.6
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 10 10.0 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 0.7 25 34 8.0 -2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 0 13.7 +3.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -21 13.6 +3.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 10 10.5 +0.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.7 58 1 10.1 +0.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 27 9.6 -0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.7 47 12 5.7 -4.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 23 8.1 -2.0
COPY Tweedy, Browne Insider + Value ETF 0.6 80 -21 12.6 +2.5
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 34 12.4 +2.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.6 49 10 10.7 +0.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 44 8.6 -1.5
SCHE Schwab Emerging Markets Equity ETF 0.6 11 48 11.6 +1.4
AVES Avantis Emerging Markets Value ETF 0.6 36 23 12.2 +2.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.6 15 44 10.8 +0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.6 70 -11 9.8 -0.3
CGGO Capital Group Global Growth Equity ETF 0.6 47 12 5.0 -5.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.6 40 19 5.6 -4.6
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 51 10.9 +0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.5 70 -11 7.8 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.5 30 29 10.6 +0.4
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 52 10.9 +0.8
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 50 10.9 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 48 11.8 +1.7
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 18 6.5 -3.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 23 11.2 +1.1
AVEM Avantis Emerging Markets Equity ETF 0.5 33 26 9.7 -0.5
CGXU Capital Group International Focus Equity ETF 0.5 54 5 5.9 -4.3
EEM iShares MSCI Emerging Markets ETF 0.5 69 -10 10.7 +0.6
FLAX Franklin FTSE Asia Ex Japan ETF 0.5 19 40 10.8 +0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 -7 10.2 +0.0
BLES Inspire Global Hope ETF 0.5 61 -2 6.9 -3.3
DFAE Dimensional Emerging Core Equity Market ETF 0.4 35 24 10.2 +0.1
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 43 8.4 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.4 79 -20 7.7 -2.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.7 -1.4
ECON Columbia Emerging Markets Consumer ETF 0.4 49 10 12.9 +2.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 21 9.9 -0.2
STXE Strive Emerging Markets Ex-China ETF 0.4 32 27 8.2 -2.0
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -30 4.5 -5.6
DFEV Dimensional Emerging Markets Value ETF 0.3 43 16 14.5 +4.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 24 21.6 +11.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.3 65 -6 8.1 -2.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.3 44 15 11.0 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 29 30 6.2 -3.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.3 45 14 11.0 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.2 33 26 10.6 +0.5
KROP Global X AgTech & Food Innovation ETF 0.2 50 9 7.0 -3.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 12 9.0 -1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 18 9.4 -0.8
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -3 2.5 -7.7
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 42 12.9 +2.7
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 12 9.5 -0.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 39 7.6 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 41 8.1 -2.0
VSGX Vanguard ESG International Stock ETF 0.2 12 47 8.2 -2.0
VYMI Vanguard International High Dividend Yield ETF 0.2 22 37 10.0 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 8.5 -1.7
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 52 8.3 -1.8
VXUS Vanguard Total International Stock ETF 0.1 7 52 8.3 -1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 25 8.1 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 18 7.1 -3.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 29 8.6 -1.5
DEW WisdomTree Global High Dividend Fund 0.1 58 1 7.7 -2.4
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 44 6.2 -3.9
IWTR iShares MSCI Water Management Multisector ETF 0.1 47 12 6.5 -3.7
IGRO iShares International Dividend Growth ETF 0.1 15 44 7.3 -2.8
GLOF iShares Global Equity Factor ETF 0.1 20 39 7.0 -3.1
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 29 8.2 -1.9
IBLC iShares Blockchain and Tech ETF 0.1 47 12 -4.1 -14.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 6.3 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 9 11.6 +1.5
VT Vanguard Total World Stock ETF 0.1 7 52 6.4 -3.8
ACWI iShares MSCI ACWI ETF 0.1 32 27 6.1 -4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 7 52 7.0 -3.1
FILL iShares MSCI Global Energy Producers ETF 0.0 39 20 11.4 +1.3

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%.

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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

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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 Philippines 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 15.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.50
 
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.