iShares S&P Global Materials
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.5x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
3.1%


  • 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) $181
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 106
Wgt avg mkt cap (mns) $38,413
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 12.4%
Small cap (<$2bn) 1.4%
Developed mkts 93.3%
Emerging mkts 6.7%

TOP TEN HOLDINGS
PRAXAIR INC 5.9 %
BHP BILLITON LTD 3.9 %
BASF SE 3.7 %
AIR LIQUIDE SA 3.3 %
RIO TINTO PLC 2.8 %
AIR PRODUCTS & CHEMICALS INC 2.8 %
DOW CHEMICAL 2.6 %
SHERWIN-WILLIAMS CO/THE 2.5 %
ECOLAB INC 2.5 %
BHP BILLITON PLC 2.4 %
Total 32.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 28.5 %
BRITAIN 17.1 %
JAPAN 8.1 %
CANADA 7.1 %
AUSTRALIA 7.0 %
GERMANY 6.0 %
SWITZERLAND 5.7 %
FRANCE 3.7 %
IRELAND 2.4 %
NETHERLANDS 2.4 %

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.
14.6% 8.9% 4.6% 4.0% 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.91 60%
MSCI EAFE 1.08 72%
MSCI Emg. Mkts. 0.83 70%

Technical Indicators
Recent close $65.66
30d moving avg. $64.17
Annualized volatility 14.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $7,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Global Materials 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 36.4 13 33 9.3 +2.4
VAW Vanguard Materials 36.4 10 36 8.6 +1.8
FMAT Fidelity MSCI Materials 36.4 8 38 8.6 +1.8
JHMA John Hancock Multifactor Materials 34.6 40 6 7.5 +0.7
RTM Invesco S&P Equal Weight Materials 33.5 40 6 8.5 +1.6
GNR SPDR S&P Global Nat. Resources 31.9 40 6 6.5 -0.3
GUNR Flexshares Global Upstream Natural Resources 27.9 46 0 5.7 -1.1
IYM iShares DJ US Basic Material 27.2 42 4 8.6 +1.8
GRES Index IQ Global Resources 25.3 77 -31 6.1 -0.7
PICK iShares MSCI Global Select Metals & Mining 22.1 39 7 7.5 +0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 21.0 60 -14 6.6 -0.2
HAP VanEck Vectors Hard Asset Producers 19.8 50 -4 5.9 -0.9
XLSY Cushing Energy Supply Chain & MLP 17.6 65 -19 5.6 -1.2
PYZ Invesco Dynamic Basic Materials Sector 16.8 60 -14 6.0 -0.9
FXZ First Trust Materials Alphadex 16.7 64 -18 8.1 +1.2
FTAG First Trust Indxx Global Agriculture 13.6 70 -24 8.5 +1.6
NANR SPDR S&P N. American Nat. Resources 11.3 35 11 4.2 -2.7
DAX Global X DAX Germany 10.6 20 26 8.7 +1.9
BLES Inspire Global Hope 10.5 61 -15 6.2 -0.6
IDY Pacific Global International Equity Income 10.5 39 7 8.1 +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 S&P Global Materials
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 10.2 %
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
1.64 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.