iShares MSCI Global Metals & Mining Producers ETF
ALTAR
Score™
6.5% info Recommen-
dation
SPECULATIVE
2021E    2022E
P/E
ratio
9.7x P/Sales
ratio
1.0x
P/BV
ratio
1.9x Div.
yield
4.9%


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

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Jan 31, 2012
Assets (mns) $1,237
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 195
Wgt avg mkt cap (mns) $59,168
Large cap (>$10bn) 73.1%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 4.5%
Developed mkts 71.4%
Emerging mkts 27.6%

TOP TEN HOLDINGS
BANK CENTRAL ASIA PT 17.6 %
BANK RAKYAT INDONESIA 12.2 %
PT TELEKOMUNIKASI INDONESIA, TBK C 8.1 %
ASTRA INTERNATIONAL TBK PT 5.4 %
BANK MANDIRI TBK 4.6 %
CHAROEN POKPHAND INDONESI PT 3.4 %
UNILEVER INDONESIA TBK PT 2.8 %
BANK NEGARA INDONESIA PT 2.7 %
SEMEN GRESIK (PERSERO) PT 2.0 %
KALBE FARMA PT 2.0 %
Total 60.9 %

TOP COUNTRY EXPOSURE
INDONESIA 98.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.3% 121.1% 19.4% -- 2.8%

Market Correlations
versus... Beta R-squared
S&P500 1.26 62%
MSCI EAFE 1.45 79%
MSCI Emg. Mkts. 1.22 69%

Technical Indicators
Recent close $49.07
30d moving avg. $44.68
Annualized volatility 29.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 488
Turnover 1.9%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $13,327

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 119 potential alternatives to the iShares MSCI Global Metals & Mining Producers ETF ETF based on the alternatives' overlap in portfolio holdings with PICK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PICK Expense: 39 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PICK
Ticker Fund
Name
Overlap1
vs PICK
(%)
Expense
ratio
(bp)
Savings
vs PICK
(bp)
ALTAR
Score™
(%)
ALTAR
vs PICK
(%)
PICK iShares MSCI Global Metals & Mining Producers ETF 98.6 39 0 6.5 0.0
IDX VanEck Vectors Indonesia Index ETF 62.7 57 -18 6.6 +0.1
ASEA Global X Southeast Asia ETF 16.2 65 -26 7.7 +1.2
EMFM Global X MSCI Next Emerging & Frontier ETF 9.1 70 -31 7.2 +0.8
DWCR Arrow DWA Country Rotation ETF 7.4 136 -97 3.4 -3.1
FRDM Freedom 100 Emerging Markets ETF 5.9 49 -10 5.3 -1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.9 60 -21 8.5 +2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 4.7 74 -35 10.1 +3.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.7 61 -22 8.2 +1.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 4.4 50 -11 12.7 +6.2
ROAM Hartford Multifactor Emerging Markets ETF 3.5 44 -5 10.0 +3.5
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 -40 7.3 +0.8
KOL VanEck Vectors Coal ETF 3.3 60 -21 0.0 -6.5
DEM WisdomTree Emerging Markets High Dividend Fund 3.3 63 -24 12.0 +5.6
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 3.3 44 -5 10.4 +3.9
CEZ VictoryShares Emerging Market Volatility Wtd ETF 2.9 50 -11 12.0 +5.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.9 51 -12 16.6 +10.2
RNEM First Trust Emerging Markets Equity Select ETF 2.9 75 -36 9.7 +3.2
XCEM Columbia EM Core ex-China ETF 2.8 16 23 5.9 -0.6
GOEX Global X Gold Explorers ETF 2.6 65 -26 3.8 -2.7
VPN Global X Data Center REITs & Digital Infrastructure ETF 2.6 50 -11 4.1 -2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.5 32 7 7.8 +1.3
RODE Hartford Multifactor Diversified International ETF 2.3 29 10 9.4 +3.0
VIDI Vident International Equity Fund 2.2 59 -20 8.7 +2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.2 25 14 6.4 -0.1
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 23 6.7 +0.2
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -41 11.2 +4.7
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 2.1 80 -41 13.8 +7.3
EWX SPDR S&P Emerging Markets Small Cap ETF 2.0 65 -26 6.4 -0.1
FDEM Fidelity Emerging Markets Multifactor ETF 2.0 45 -6 8.4 +1.9
DVYE iShares Emerging Markets Dividend ETF 1.9 49 -10 16.8 +10.3
GMF SPDR S&P Emerging Asia Pacific ETF 1.9 49 -10 6.1 -0.4
ECON Columbia Emerging Markets Consumer ETF 1.9 59 -20 4.4 -2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.8 30 9 8.0 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.8 25 14 6.1 -0.3
LDEM iShares ESG MSCI EM Leaders ETF 1.7 16 23 6.4 -0.1
EEMA iShares MSCI Emerging Markets Asia ETF 1.7 50 -11 6.4 -0.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.7 71 -32 7.4 +0.9
JHEM John Hancock Multifactor Emerging Markets ETF 1.5 49 -10 6.9 +0.4
PIE Invesco DWA Emerging Markets Momentum ETF 1.5 90 -51 4.2 -2.3
PXH Invesco FTSE RAFI Emerging Markets ETF 1.5 50 -11 11.4 +4.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.5 59 -20 9.9 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 1.4 11 28 6.7 +0.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 63 -24 10.3 +3.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.4 20 19 5.8 -0.7
VWO Vanguard FTSE Emerging Markets ETF 1.4 10 29 6.9 +0.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.4 45 -6 12.1 +5.6
DFAE Dimensional Emerging Core Equity Market ETF 1.4 35 4 6.9 +0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.4 16 23 7.0 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -31 5.7 -0.8
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 -8 7.8 +1.3
SCHE Schwab Emerging Markets Equity ETF 1.3 11 28 7.0 +0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.3 45 -6 6.5 +0.0
FLAX Franklin FTSE Asia Ex Japan ETF 1.3 19 20 6.4 -0.1
JIG JPMorgan International Growth ETF 1.3 55 -16 2.5 -4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.3 32 7 5.4 -1.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.3 67 -28 15.9 +9.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.3 58 -19 4.9 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 1.2 11 28 6.7 +0.2
JEMA JPMorgan Emerging Markets Equity Core ETF 1.2 39 0 8.4 +1.9
ESGE iShares ESG Aware MSCI EM ETF 1.2 25 14 6.7 +0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 0 11.3 +4.8
WWJD Inspire International ESG ETF 1.2 80 -41 5.1 -1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.2 36 3 6.6 +0.1
AVEM Avantis Emerging Markets Equity ETF 1.2 33 6 7.7 +1.3
EEM iShares MSCI Emerging Markets ETF 1.2 70 -31 6.0 -0.5
RESE WisdomTree Emerging Markets ESG Fund 1.2 32 7 6.6 +0.1
GDXJ VanEck Vectors Junior Gold Miners ETF 1.2 53 -14 3.6 -2.8
IGRO iShares International Dividend Growth ETF 1.2 15 24 6.6 +0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 -27 6.0 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 -8 8.4 +1.9
BKEM BNY Mellon Emerging Markets Equity ETF 1.1 18 21 6.7 +0.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 1.1 20 19 9.0 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 9 6.4 -0.1
VIGI Vanguard International Dividend Appreciation ETF 1.1 20 19 4.8 -1.7
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 45 -6 5.7 -0.8
RING iShares MSCI Global Gold Miners ETF 1.0 39 0 4.2 -2.3
VEGI iShares MSCI Global Agriculture Producers ETF 0.9 39 0 4.0 -2.5
DSTX Distillate International Fundamental Stability & Value ETF 0.9 55 -16 6.5 +0.0
CUT Invesco MSCI Global Timber ETF 0.9 61 -22 6.4 -0.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.9 49 -10 7.0 +0.5
MOO VanEck Vectors Agribusiness ETF 0.7 56 -17 4.0 -2.5
KMED KraneShares Emerging Markets Healthcare Index ETF 0.7 79 -40 2.4 -4.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 0.7 40 -1 6.2 -0.2
SDIV Global X SuperDividend ETF 0.7 59 -20 13.9 +7.5
BLES Inspire Global Hope Large Cap ETF 0.6 52 -13 4.7 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -56 8.1 +1.6
BATT Amplify Advanced Battery Metals & Materials ETF 0.6 59 -20 2.6 -3.9
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.6 70 -31 6.1 -0.4
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.5 35 4 8.7 +2.3
HAP VanEck Vectors Natural Resources ETF 0.5 50 -11 4.7 -1.8
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -50 5.0 -1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.4 16 23 5.7 -0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.4 11 28 5.3 -1.2
VYMI Vanguard International High Dividend Yield ETF 0.4 27 12 8.6 +2.1
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 19 5.3 -1.2
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.4 45 -6 8.4 +2.0
DEW WisdomTree Global High Dividend Fund 0.4 58 -19 8.0 +1.5
VSGX Vanguard ESG International Stock ETF 0.4 17 22 6.0 -0.4
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 30 6.2 -0.3
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 9 6.0 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 7 6.0 -0.5
IQDE FlexShares International Quality Dividend Defensive Index ET 0.4 47 -8 7.7 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 -2 5.9 -0.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 -7 5.3 -1.2
VXUS Vanguard Total International Stock ETF 0.4 8 31 6.3 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 31 6.4 -0.1
FILL iShares MSCI Global Energy Producers ETF 0.3 39 0 5.6 -0.9
HAUZ Xtrackers International Real Estate ETF 0.3 10 29 7.4 +0.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 27 8.6 +2.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 30 5.0 -1.5
HAWX iShares Currency Hedged MSCI ACWI ex U.S. ETF 0.2 35 4 6.1 -0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.2 20 19 5.2 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 19 5.1 -1.3
ACWI iShares MSCI ACWI ETF 0.2 32 7 4.9 -1.6
VT Vanguard Total World Stock ETF 0.1 8 31 5.2 -1.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 31 8 3.6 -2.9
SDG iShares Sustainable MSCI Global Impact ETF 0.0 49 -10 5.3 -1.2
ACWF iShares MSCI Global Multifactor ETF 0.0 35 4 6.6 +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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 Metals & Mining Producers ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.47
 
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.