iShares MSCI All Peru Capped
ALTAR
Score™
5.6% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
14.0x P/Sales
ratio
1.8x
P/BV
ratio
1.4x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI All Peru Capped Index Fund objective seeks to provide investment results that correspond to the performance of the Peruvian market, as measured by the MSCI All Peru Capped Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 19, 2009
Assets (mns) $147
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 27
Wgt avg mkt cap (mns) $8,866
Large cap (>$10bn) 38.8%
Mid cap ($2-10bn) 38.0%
Small cap (<$2bn) 23.1%
Developed mkts 18.4%
Emerging mkts 81.6%

TOP TEN HOLDINGS
CREDICORP LTD 22.2 %
SOUTHERN COPPER CORP 11.8 %
CIA DE MINAS BUENAVENTUR-ADR 9.2 %
ALICORP S.A.-COMUN 4.6 %
INTERGROUP FINANCIAL -CMN 4.5 %
LUZ DEL SUR SAA-COMUN 4.2 %
PAN AMERICAN SILVER CORP 3.4 %
FERREYROS S.A.-COMUN 3.4 %
HOCHSCHILD MINING PLC 3.2 %
BANCO CONTINENTAL -COMUN 3.1 %
Total 69.6 %

TOP COUNTRY EXPOSURE
PERU 68.3 %
UNITED STATES 11.8 %
CANADA 5.7 %
CHILE 4.2 %
BRITAIN 3.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.0% -6.3% 5.1% 3.6% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.57 19%
MSCI EAFE 1.00 47%
MSCI Emg. Mkts. 0.88 64%

Technical Indicators
Recent close $34.57
30d moving avg. $35.89
Annualized volatility 16.1%
Short interest (ETF) 3.4%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.8%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $135

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI All Peru Capped ETF based on the alternatives' overlap in portfolio holdings with EPU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPU Expense: 59 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPU
Ticker Fund
Name
Overlap1
vs EPU
(%)
Expense
ratio
(bp)
Savings
vs EPU
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPU
(%)
PACA Xtrackers MSCI Latin America Pacific Alliance 17.1 45 14 6.5 +0.9
SLVP iShares MSCI Global Silver Miners 13.9 39 20 1.8 -3.8
SIL Global X Silver Miners ETF 12.6 65 -6 3.0 -2.6
SILJ ETFMG Prime Junior Silver 6.6 69 -10 0.8 -4.8
COPX Global X Copper Miners 5.1 65 -6 7.3 +1.7
ILF iShares S&P Latin America 40 4.7 48 11 5.9 +0.4
ECH iShares MSCI Chile Capped 4.2 59 0 6.9 +1.3
GOAU U.S. Global GO GOLD and Precious Metal Miners 4.2 60 -1 2.7 -2.9
EWEM Invesco MSCI Emerging Market Equal Weight 4.0 70 -11 8.4 +2.8
GDXJ VanEck Vectors Jr. Gold Miners 3.6 53 6 3.7 -1.9
DOGS Arrow Dogs of the World 2.3 164 -105 9.8 +4.2
NANR SPDR S&P N. American Nat. Resources 2.2 35 24 4.6 -1.0
SGDM Sprott Gold Miners 2.2 50 9 3.4 -2.2
FRDM Freedom 100 Emerging Markets ETF 2.0 49 10 6.7 +1.1
BOUT Innovator IBD Breakout Opportunities 2.0 80 -21 2.8 -2.8
KARS KraneShares Electric Vehicles & Future Mobility Index 1.8 70 -11 5.2 -0.4
RING iShares MSCI Global Gold Miners 1.6 39 20 3.8 -1.8
EMFM Global X MSCI Next Emerging & Frontier 1.6 55 4 7.2 +1.6
GDX VanEck Vectors Gold Miners ETF 1.6 52 7 3.2 -2.4
GRES Index IQ Global Resources 1.5 77 -18 6.8 +1.2

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 All Peru Capped
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.48
 
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.