iShares MSCI Global Energy Producers
ALTAR
Score™
5.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.5x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
4.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Global Energy Producers Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Energy Producers Investable Market Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Feb 02, 2012
Assets (mns) $46
Currency USD
Expense ratio 39 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 208
Wgt avg mkt cap (mns) $130,305
Large cap (>$10bn) 88.8%
Mid cap ($2-10bn) 8.4%
Small cap (<$2bn) 2.8%
Developed mkts 85.2%
Emerging mkts 14.7%

TOP TEN HOLDINGS
EXXON MOBIL CORP 13.4 %
CHEVRON CORP 10.1 %
BP PLC 6.1 %
TOTAL SA 5.9 %
ROYAL DUTCH SHELL PLC-A SHS 5.8 %
ROYAL DUTCH SHELL PLC-B SHS 5.1 %
CONOCOPHILLIPS 3.3 %
SUNCOR ENERGY INC 2.4 %
EOG RESOURCES INC 2.3 %
LUKOIL OAO 2.0 %
Total 56.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.7 %
BRITAIN 17.1 %
CANADA 6.7 %
FRANCE 6.0 %
RUSSIA 4.6 %
INDIA 3.8 %
BRAZIL 2.5 %
AUSTRALIA 2.2 %
ITALY 1.9 %
JAPAN 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.2% 8.2% 1.0% -- -1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.98 48%
MSCI EAFE 1.20 59%
MSCI Emg. Mkts. 0.70 34%

Technical Indicators
Recent close $18.44
30d moving avg. $18.97
Annualized volatility 17.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.6%
Bid/Ask (% of price) 0.66%
ADV underlying (mns) $9,779

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the iShares MSCI Global Energy Producers ETF based on the alternatives' overlap in portfolio holdings with FILL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FILL Expense: 39 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FILL
Ticker Fund
Name
Overlap1
vs FILL
(%)
Expense
ratio
(bp)
Savings
vs FILL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FILL
(%)
IXC iShares Global Energy 76.2 46 -7 5.1 -0.6
FENY Fidelity MSCI Energy 43.7 8 31 3.9 -1.7
VDE Vanguard Energy 43.6 10 29 3.9 -1.8
IYE iShares DJ US Energy Sector 42.3 42 -3 3.9 -1.7
XLE Energy Select Sector SPDR 40.9 13 26 4.3 -1.3
IGE iShares North American Natural Resources 38.1 46 -7 3.9 -1.8
NANR SPDR S&P N. American Nat. Resources 37.3 35 4 3.9 -1.7
JHME John Hancock Multifactor Energy 28.9 40 -1 3.2 -2.5
GNR SPDR S&P Global Nat. Resources 27.3 40 -1 6.2 +0.5
GUNR Flexshares Global Upstream Natural Resources 26.4 46 -7 5.7 +0.1
FXN First Trust Energy Alphadex 25.4 63 -24 4.2 -1.5
FTXN First Trust Nasdaq Oil & Gas 24.3 60 -21 4.2 -1.5
RYE Invesco S&P Equal Weight Energy ETF 24.1 40 -1 3.3 -2.3
XOP SPDR S&P Oil & Gas Exploration & Production 23.6 35 4 3.1 -2.5
HAP VanEck Vectors Hard Asset Producers 20.6 50 -11 5.6 -0.1
FDL First Trust Morningstar Dividend Leaders 20.4 45 -6 8.4 +2.7
IEO iShares U.S. Oil & Gas Exploration & Production 17.9 42 -3 2.9 -2.8
RIDV Invesco International Ultra Dividend Revenue ETF 17.5 42 -3 8.9 +3.3
HDV iShares High Dividend 17.4 8 31 6.9 +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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Global Energy Producers
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 7.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.54
 
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.