iShares Global Materials ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Materials Index Fund seeks results that correspond generally to the price and yield performance of the S&P Global Materials Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Sep 15, 2006
Assets (mns) $350
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 104
Wgt avg mkt cap (mns) $39,572
Large cap (>$10bn) 83.3%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 1.5%
Developed mkts 93.2%
Emerging mkts 6.8%

TOP TEN HOLDINGS
PRAXAIR INC 6.2 %
BHP BILLITON LTD 3.9 %
AIR LIQUIDE SA 3.7 %
BASF SE 3.2 %
AIR PRODUCTS & CHEMICALS INC 3.0 %
RIO TINTO PLC 2.8 %
ECOLAB INC 2.7 %
SHIN-ETSU CHEMICAL CO LTD 2.5 %
SHERWIN-WILLIAMS CO/THE 2.5 %
BHP BILLITON PLC 2.4 %
Total 32.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 28.7 %
BRITAIN 17.1 %
CANADA 7.7 %
JAPAN 7.5 %
AUSTRALIA 7.1 %
SWITZERLAND 6.0 %
GERMANY 5.3 %
FRANCE 4.1 %
IRELAND 2.5 %
NETHERLANDS 2.2 %

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.
-6.0% 6.4% 5.4% 3.6% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 62%
MSCI EAFE 1.15 80%
MSCI Emg. Mkts. 0.85 77%

Technical Indicators
Recent close $62.52
30d moving avg. $65.60
Annualized volatility 14.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $7,560

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MXI Expense: 46 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MXI
Ticker Fund
Name
Overlap1
vs MXI
(%)
Expense
ratio
(bp)
Savings
vs MXI
(bp)
ALTAR
Score™
(%)
ALTAR
vs MXI
(%)
XLB Materials Select Sector SPDR Fund 36.7 13 33 8.3 +1.5
VAW Vanguard Materials Index Fund 36.7 10 36 8.1 +1.3
FMAT Fidelity MSCI Materials Index ETF 36.7 8 38 8.1 +1.3
JHMA John Hancock Multifactor Materials ETF 34.9 40 6 7.6 +0.8
RTM Invesco S&P 500 Equal Weight Materials ETF 33.4 40 6 7.8 +1.0
GNR SPDR S&P Global Natural Resources ETF 32.3 40 6 7.2 +0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 29.7 46 0 6.4 -0.4
IYM iShares U.S. Basic Materials ETF 27.5 42 4 7.8 +1.0
GRES IQ Global Resources ETF 22.0 77 -31 7.1 +0.3
PICK iShares MSCI Global Metals & Mining Producers ETF 21.4 39 7 8.7 +1.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 20.6 60 -14 7.2 +0.4
PYZ Invesco DWA Basic Materials Momentum ETF 18.4 60 -14 5.6 -1.2
FXZ First Trust Materials AlphaDEX Fund 18.2 65 -19 8.0 +1.2
HAP VanEck Vectors Natural Resources ETF 16.5 50 -4 6.3 -0.5
NANR SPDR S&P North American Natural Resources ETF 13.2 35 11 4.6 -2.2
FTAG First Trust Indxx Global Agriculture ETF 12.3 70 -24 7.8 +1.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 12.1 20 26 8.8 +2.0
DIET Defiance Next Gen Food & Agriculture ETF 11.3 30 16 4.9 -1.9
TPIF Timothy Plan International ETF 10.3 62 -16 6.7 -0.1

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 Global Materials 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 9.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.55
 
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.