iShares MSCI Poland Capped ETF
ALTAR
Score™
10.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.4x P/Sales
ratio
0.8x
P/BV
ratio
0.8x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Poland Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of the MSCI Poland Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date May 25, 2010
Assets (mns) $231
Currency USD
Expense ratio 59 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 35
Wgt avg mkt cap (mns) $5,027
Large cap (>$10bn) 13.7%
Mid cap ($2-10bn) 69.8%
Small cap (<$2bn) 16.5%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
CD PROJEKT S.A. 12.7 %
PKO BANK POLSKI SA 10.4 %
POLSKI KONCERN NAFTOWY SA 9.3 %
POWSZECHNY ZAKLAD UBEZPIECZE 8.8 %
KGHM POLSKA MIEDZ S.A. 5.1 %
DINO POLSKA SA 4.9 %
BANK PEKAO SA 4.5 %
POLSKIE GORNICTWO NAFTOWE I 4.5 %
LPP SA 4.2 %
CYFROWY POLSAT SA 3.8 %
Total 68.0 %

TOP COUNTRY EXPOSURE
POLAND 97.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.3% -27.7% -4.2% -1.0% -1.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 51%
MSCI EAFE 1.28 68%
MSCI Emg. Mkts. 1.04 70%

Technical Indicators
Recent close $16.78
30d moving avg. $17.13
Annualized volatility 24.6%
Short interest (ETF) 3.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 149
Turnover 1.1%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $609

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares MSCI Poland Capped ETF ETF based on the alternatives' overlap in portfolio holdings with EPOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPOL
Ticker Fund
Name
Overlap1
vs EPOL
(%)
Expense
ratio
(bp)
Savings
vs EPOL
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPOL
(%)
FRDM Freedom 100 Emerging Markets ETF 14.6 49 10 6.9 -3.2
GVAL Cambria Global Value ETF 6.5 69 -10 10.9 +0.8
CRAK VanEck Vectors Oil Refiners ETF 6.4 60 -1 12.9 +2.7
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.9 51 8 13.6 +3.5
COPX Global X Copper Miners ETF 4.9 65 -6 6.3 -3.8
FEM First Trust Emerging Markets AlphaDEX Fund 4.9 80 -21 11.0 +0.8
ESPO VanEck Vectors Video Gaming & eSports ETF 3.9 55 4 2.7 -7.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 3.7 60 -1 10.7 +0.5
EMFM Global X MSCI Next Emerging & Frontier ETF 3.0 66 -7 9.1 -1.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 2.9 80 -21 3.8 -6.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 2.8 45 14 13.5 +3.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 2.8 80 -21 17.3 +7.2
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 15 14.7 +4.6
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 -20 9.0 -1.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 2.1 50 9 10.3 +0.2
GAMR ETFMG Video Game Tech ETF 2.0 75 -16 2.2 -7.9
XCEM Columbia EM Core ex-China ETF 1.5 16 43 7.4 -2.7
EDIV SPDR S&P Emerging Markets Dividend ETF 1.4 49 10 11.0 +0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.2 49 10 8.0 -2.1
RNEM Emerging Markets Equity Select ETF 1.2 75 -16 10.5 +0.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 34 8.4 -1.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 0 11.0 +0.9
EMMF WisdomTree Emerging Markets Multifactor Fund 1.2 48 11 9.4 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 1.1 39 20 7.4 -2.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.1 69 -10 7.8 -2.3
EWX SPDR S&P Emerging Markets Small Cap ETF 1.1 65 -6 6.1 -4.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.0 45 14 7.2 -3.0
ISEM Invesco Strategic Emerging Markets ETF 0.9 35 24 10.0 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.9 45 14 7.2 -2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.9 49 10 6.8 -3.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 14 7.9 -2.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 49 10 8.4 -1.7
SOIL Global X Fertilizers/Potash ETF 0.8 70 -11 5.4 -4.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.8 63 -4 12.5 +2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.8 32 27 6.1 -4.0
AVEM Avantis Emerging Markets Equity ETF 0.8 33 26 8.9 -1.2
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.8 64 -5 4.6 -5.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 39 6.8 -3.3
ESGE iShares ESG MSCI EM ETF 0.7 25 34 8.6 -1.5
SPEM SPDR Portfolio Emerging Markets ETF 0.7 11 48 7.8 -2.3
IEMG iShares Core MSCI Emerging Markets ETF 0.7 13 46 7.9 -2.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.7 30 29 7.8 -2.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.7 11 48 8.4 -1.8
EEM iShares MSCI Emerging Markets ETF 0.7 68 -9 7.4 -2.7
JPEU JPMorgan Diversified Return Europe Equity ETF 0.7 37 22 7.0 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 65 -6 7.5 -2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 49 10 8.7 -1.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.6 47 12 12.3 +2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 12 12.7 +2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 20 7.3 -2.8
KOL VanEck Vectors Coal ETF 0.6 60 -1 20.1 +10.0
SDIV Global X SuperDividend ETF 0.6 59 0 13.5 +3.4
WWJD Inspire International ESG ETF 0.6 80 -21 7.5 -2.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -36 9.1 -1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 30 6.6 -3.5
DVEM WisdomTree Emerging Markets Dividend Fund 0.5 32 27 8.2 -2.0
VGK Vanguard FTSE Europe ETF 0.5 8 51 7.4 -2.7
FEU SPDR Portfolio Europe ETF 0.5 9 50 7.4 -2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 29 8.7 -1.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 0.5 30 29 6.8 -3.3
FILL iShares MSCI Global Energy Producers ETF 0.4 39 20 6.6 -3.5
FLEH Franklin FTSE Europe Hedged ETF 0.4 9 50 7.1 -3.0
FLEE Franklin FTSE Europe ETF 0.4 9 50 7.0 -3.1
SCHC Schwab International Small-Cap Equity ETF 0.4 11 48 6.9 -3.2
IQDF FlexShares International Quality Dividend Index Fund 0.4 47 12 12.3 +2.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 9.8 -0.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.4 45 14 9.6 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 34 8.9 -1.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.3 11 48 6.8 -3.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.3 20 39 11.1 +1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 27 9.0 -1.2
BLES Inspire Global Hope Large Cap ETF 0.3 52 7 6.5 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.3 20 39 7.4 -2.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -4 14.0 +3.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.3 29 30 12.3 +2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.3 7 52 7.6 -2.5
VEA Vanguard FTSE Developed Markets ETF 0.3 5 54 7.5 -2.6
SCHF Schwab International Equity ETF 0.2 6 53 7.4 -2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.2 24 35 7.3 -2.8
HFXI IQ 50 Percent Hedged FTSE International ETF 0.2 20 39 7.5 -2.6
HAP VanEck Vectors Natural Resources ETF 0.2 50 9 6.4 -3.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 43 6.9 -3.2
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 50 7.4 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 27 7.3 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 14 9.0 -1.2
VXUS Vanguard Total International Stock Index Fund 0.2 8 51 7.6 -2.5
OEUR O'shares FTSE Europe Quality Dividend ETF 0.2 48 11 6.6 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 7.6 -2.5
VSGX Vanguard ESG International Stock ETF 0.2 17 42 7.2 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 40 19 7.1 -3.0
VYMI Vanguard International High Dividend Yield ETF 0.2 32 27 10.2 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 6.1 -4.0
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 29 7.2 -2.9
VEGI iShares MSCI Global Agriculture Producers ETF 0.1 39 20 6.0 -4.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.1 25 34 7.7 -2.5
VT Vanguard Total World Stock Index Fund 0.1 8 51 6.2 -4.0
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.9 -4.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 39 6.1 -4.1

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 Poland Capped ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.8 %
Divided by: Fwd. P/BV 0.8 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
1.82 CATEGORY
AVERAGE
1.59
 
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.