iShares Colombia
ALTAR
Score™
5.2% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
14.2x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
3.8%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 20, 2013
Assets (mns) $26
Currency USD
Expense ratio 61 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 28
Wgt avg mkt cap (mns) $11,413
Large cap (>$10bn) 28.5%
Mid cap ($2-10bn) 58.6%
Small cap (<$2bn) 12.9%
Developed mkts 9.0%
Emerging mkts 91.1%

TOP TEN HOLDINGS
ECOPETROL SA 20.8 %
BANCOLOMBIA SA-PREF 15.6 %
BANCOLOMBIA SA 6.4 %
INTERCONEXION ELECTRICA SA 4.8 %
BANCO DAVIVIENDA SA 4.5 %
ENERSIS SA 4.4 %
ALMACENES EXITO SA 4.4 %
EMPRESA DE ENERGIA DE BOGOTA 4.4 %
CANACOL ENERGY LTD 4.3 %
GRUPO NUTRESA SA 4.2 %
Total 73.8 %

TOP COUNTRY EXPOSURE
COLOMBIA 82.1 %
CHILE 8.3 %
CANADA 4.3 %
SPAIN 2.7 %
PANAMA 2.2 %






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.
21.0% 12.0% -9.0% -- -7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.09 40%
MSCI EAFE 1.60 74%
MSCI Emg. Mkts. 1.14 62%

Technical Indicators
Recent close $13.16
30d moving avg. $13.13
Annualized volatility 20.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.8%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $66

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ICOL Expense: 61 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ICOL
Ticker Fund
Name
Overlap1
vs ICOL
(%)
Expense
ratio
(bp)
Savings
vs ICOL
(bp)
ALTAR
Score™
(%)
ALTAR
vs ICOL
(%)
GXG Global X MSCI Columbia 50.4 61 0 5.8 +0.6
PACA Xtrackers MSCI Latin America Pacific Alliance 18.2 45 16 6.5 +1.3
ECH iShares MSCI Chile Capped 8.3 59 2 7.0 +1.8
FLLA Franklin FTSE Latin America 5.6 19 42 6.2 +1.0
FLN First Trust Latin America AlphaDEX 4.8 80 -19 5.4 +0.2
EWEM Invesco MSCI Emerging Market Equal Weight 4.6 70 -9 9.2 +4.1
YLCO Global X YieldCo & Renewable Energy Income 4.4 65 -4 4.9 -0.3
EDOG ALPS Emerging Sector Dividend Dogs 2.0 60 1 9.3 +4.1
ROAM Hartford Multifactor Emerging Markets 1.9 44 17 11.1 +5.9
EMEM Virtus Glovista Emerging Markets 1.7 67 -6 9.2 +4.0
FRDM Freedom 100 Emerging Markets ETF 1.6 49 12 8.0 +2.8
ESGE iShares MSCI EM ESG Optimized 1.4 25 36 9.3 +4.1
FEM First Trust Emerging Markets AlphaDEX 1.4 80 -19 11.0 +5.8
EELV Invesco S&P Emg Mkts Low Volatility 1.4 29 32 10.1 +4.9
CEZ Victory CEMP Emerging Market Volatility Weighted 1.3 50 11 9.2 +4.0
EMDV ProShares MSCI Emerging Markets Dividend Growers 1.3 60 1 8.2 +3.1
RFEM First Trust Riverfront Dynamic Emerging Markets 1.2 95 -34 10.7 +5.5
NUEM NuShares ESG Emerging Markets Equity 1.2 45 16 8.5 +3.3
VIDI Vident International Equity 1.0 61 0 9.2 +4.0
REEM Invesco Emerging Markets Revenue ETF 1.0 46 15 11.7 +6.5

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

  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 Colombia
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 6.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 CATEGORY
AVERAGE
1.49
 
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.