iShares MSCI Philippines ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 9.3x P/Sales
ratio		 1.4x
P/BV
ratio		 1.2x 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) $120
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 34
Wgt avg mkt cap (mns) $8,454
Large cap (>$10bn) 42.5%
Mid cap ($2-10bn) 45.1%
Small cap (<$2bn) 12.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
BDO UNIBANK INC 10.5 %
INTL CONTAINER TERM SVCS INC 9.0 %
SM PRIME HOLDINGS INC 8.2 %
SM INVESTMENTS CORP 6.5 %
AYALA LAND INC 5.2 %
BANK OF PHILIPPINE ISLANDS 4.9 %
METROPOLITAN BANK & TRUST 4.9 %
PLDT, INC. 4.1 %
AYALA CORPORATION 4.1 %
MANILA ELECTRIC COMPANY 4.0 %
Total 61.5 %

TOP COUNTRY EXPOSURE
PHILIPPINES 92.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.7% 3.9% -3.1% -1.2% 1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.81 44%
MSCI EAFE 0.99 60%
MSCI Emg. Mkts. 0.96 61%

Technical Indicators
Recent close $25.89
30d moving avg. $25.01
Annualized volatility 21.8%
Short interest (ETF) 1.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 72
Turnover 1.6%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $89

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.7%


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
(%)
OBOR KraneShares MSCI One Belt One Road Index ETF 5.2 79 -20 10.2 +1.5
TMFG Motley Fool Global Opportunities ETF 4.2 85 -26 3.2 -5.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.1 60 -1 14.2 +5.5
ASEA Global X FTSE Southeast Asia ETF 4.1 65 -6 6.4 -2.3
FM iShares Frontier and Select EM ETF 4.0 80 -21 9.3 +0.6
MEM Matthews Emerging Markets Equity Active ETF 2.7 79 -20 5.5 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 2.4 48 11 9.2 +0.5
ROAM Hartford Multifactor Emerging Markets ETF 2.4 44 15 11.3 +2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.3 32 27 7.4 -1.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 2.1 10 49 7.8 -1.0
BPAY BlackRock Future Financial and Technology ETF 2.1 70 -11 8.1 -0.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1.9 25 34 6.9 -1.8
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 1.8 68 -9 8.5 -0.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 -1 9.7 +1.0
WWJD Inspire International ETF 1.6 80 -21 6.9 -1.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 1.6 75 -16 9.3 +0.6
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 -16 8.1 -0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -36 11.0 +2.3
FRDM Freedom 100 Emerging Markets ETF 1.4 49 10 6.9 -1.8
XCEM Columbia EM Core ex-China ETF 1.3 16 43 7.2 -1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.1 24 35 7.0 -1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 47 8.3 -0.4
EMC Global X Emerging Markets Great Consumer ETF 1.1 75 -16 4.7 -4.0
XC WisdomTree Emerging Markets Ex-China Fund 1.0 32 27 6.0 -2.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.0 49 10 8.1 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.9 30 29 8.3 -0.4
CGGO Capital Group Global Growth Equity ETF 0.9 47 12 4.2 -4.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.9 49 10 6.2 -2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 27 6.0 -2.7
EMXC iShares MSCI Emerging Markets ex China ETF 0.8 25 34 6.5 -2.2
SHPP Pacer Industrials and Logistics ETF 0.8 60 -1 8.8 +0.1
EEMA iShares MSCI Emerging Markets Asia ETF 0.8 49 10 6.4 -2.3
STXE Strive Emerging Markets Ex-China ETF 0.8 32 27 6.8 -1.9
BLES Inspire Global Hope ETF 0.8 61 -2 6.2 -2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -29 6.0 -2.7
RODE Hartford Multifactor Diversified International ETF 0.8 29 30 11.2 +2.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 6.9 -1.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 23 6.6 -2.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.7 70 -11 6.0 -2.7
AVES Avantis Emerging Markets Value ETF 0.7 36 23 11.8 +3.1
EMM Global X Emerging Markets ex-China ETF 0.7 75 -16 3.6 -5.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.7 30 29 7.2 -1.5
AVEM Avantis Emerging Markets Equity ETF 0.7 33 26 8.8 +0.1
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -21 13.6 +4.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.7 36 23 7.2 -1.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.6 11 48 7.5 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 0 9.3 +0.6
SCHE Schwab Emerging Markets Equity ETF 0.6 11 48 7.3 -1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.6 66 -7 7.0 -1.7
VWO Vanguard FTSE Emerging Markets ETF 0.6 8 51 7.4 -1.4
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 52 7.3 -1.5
IEMG iShares Core MSCI Emerging Markets ETF 0.6 9 50 7.3 -1.4
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 34 8.4 -0.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.6 15 44 6.8 -1.9
EEM iShares MSCI Emerging Markets ETF 0.6 69 -10 6.7 -2.0
CGXU Capital Group International Focus Equity ETF 0.6 54 5 4.0 -4.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.1 -1.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.6 90 -31 6.7 -2.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 18 7.1 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 42 7.5 -1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 39 7.2 -1.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 12 5.8 -2.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.5 40 19 7.0 -1.7
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 24 7.5 -1.2
DFEV Dimensional Emerging Markets Value ETF 0.4 43 16 10.6 +1.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 21 8.0 -0.7
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -6 7.5 -1.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.1 -0.6
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.4 18 41 7.9 -0.8
EMXF iShares ESG Advanced MSCI EM ETF 0.4 16 43 7.2 -1.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -4 12.4 +3.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.3 58 1 9.8 +1.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 44 15 10.0 +1.3
EDIV SPDR S&P Emerging Markets Dividend ETF 0.2 49 10 10.6 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 9 10.1 +1.4
FEM First Trust Emerging Markets AlphaDEX Fund 0.2 80 -21 15.6 +6.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.2 20 39 10.4 +1.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 39 6.6 -2.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.2 41 18 7.5 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 18 6.5 -2.2
VSGX Vanguard ESG International Stock ETF 0.2 12 47 6.6 -2.1
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 52 6.7 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 25 6.5 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 7.0 -1.7
VXUS Vanguard Total International Stock ETF 0.2 7 52 6.9 -1.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 29 7.6 -1.1
IGRO iShares International Dividend Growth ETF 0.1 15 44 6.9 -1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 8.3 -0.4
VIGI Vanguard International Dividend Appreciation ETF 0.1 15 44 5.5 -3.3
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 29 6.6 -2.1
VYMI Vanguard International High Dividend Yield ETF 0.1 22 37 9.4 +0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 5.4 -3.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 52 6.3 -2.4
DEW WisdomTree Global High Dividend Fund 0.1 58 1 8.9 +0.2
GLOF iShares Global Equity Factor ETF 0.1 20 39 6.9 -1.8
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.3 -3.4
VT Vanguard Total World Stock ETF 0.1 7 52 5.7 -3.0
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -30 4.7 -4.1
FILL iShares MSCI Global Energy Producers ETF 0.0 39 20 9.2 +0.5

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.20 CATEGORY
AVERAGE		 1.39
 
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.