iShares MSCI Philippines ETF
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.0x P/Sales
ratio
1.9x
P/BV
ratio
1.8x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Philippines ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the performance of the MSCI Philippines Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Sep 29, 2010
Assets (mns) $239
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 42
Wgt avg mkt cap (mns) $10,226
Large cap (>$10bn) 51.9%
Mid cap ($2-10bn) 40.9%
Small cap (<$2bn) 7.2%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SM PRIME HOLDINGS INC 11.6 %
AYALA LAND INC 10.0 %
BDO UNIBANK INC 9.0 %
SM INVESTMENTS CORP 7.4 %
AYALA CORPORATION 6.9 %
JG SUMMIT HOLDINGS INC 6.5 %
UNIVERSAL ROBINA CORP 3.9 %
INTL CONTAINER TERM SVCS INC 3.6 %
METROPOLITAN BANK & TRUST 3.5 %
ABOITIZ EQUITY VENTURES INC 3.2 %
Total 65.6 %

TOP COUNTRY EXPOSURE
PHILIPPINES 98.9 %










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.
10.8% 18.0% -1.1% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.29 5%
MSCI EAFE 0.57 17%
MSCI Emg. Mkts. 0.58 29%

Technical Indicators
Recent close $35.13
30d moving avg. $34.72
Annualized volatility 15.2%
Short interest (ETF) 4.2%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 156
Turnover 2.3%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $96

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 8.0%


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
(%)
DWCR Arrow DWA Country Rotation 10.1 134 -75 4.9 -3.0
EMEM Virtus Glovista Emerging Markets 7.0 67 -8 9.4 +1.4
EMDV ProShares MSCI Emerging Markets Dividend Growers 5.7 60 -1 8.3 +0.3
FRDM Freedom 100 Emerging Markets ETF 5.5 49 10 8.2 +0.2
OBOR KraneShares MSCI One Belt One Road Index 4.5 79 -20 9.3 +1.3
EMFM Global X MSCI Next Emerging & Frontier 4.5 55 4 7.8 -0.1
ASEA Global X FTSE Southeast Asia 4.4 65 -6 10.2 +2.2
EMCG WisdomTree Emg Mkts Consumer Growth 4.2 32 27 6.8 -1.2
EWEM Invesco MSCI Emerging Market Equal Weight 4.1 70 -11 9.3 +1.4
EEMV iShares MSCI Emerg Mkt Minimum Volatility 3.4 25 34 8.9 +1.0
EMMF WisdomTree Emerging Markets Multifactor Fund 3.4 48 11 10.1 +2.1
CEZ Victory CEMP Emerging Market Volatility Weighted 3.2 50 9 9.2 +1.3
ROAM Hartford Multifactor Emerging Markets 3.2 44 15 11.2 +3.2
PIE Invesco DWA Emg. Mkts. Technical Leaders 3.1 90 -31 5.1 -2.9
DBAP Xtrackers MSCI Asia Pacific Ex-Japan Hedged 2.6 10 49 7.9 -0.1
MXDE Nationwide Maximum Diversification Emg Mkts Core 2.4 64 -5 5.5 -2.5
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 2.4 50 9 13.5 +5.5
FDEM Fidelity Targeted Emerging Markets Factor 2.2 45 14 8.8 +0.8
RNEM First Trust Emerging Markets Equity Select 2.0 75 -16 9.7 +1.8
DEMG Xtrackers FTSE Emerging Comprehensive Factor 1.9 50 9 9.6 +1.7

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

  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

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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 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 14.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.