iShares MSCI Global Select Metals & Mining
ALTAR
Score™
8.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
4.6%


  • 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 Feb 02, 2012
Assets (mns) $230
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 207
Wgt avg mkt cap (mns) $46,410
Large cap (>$10bn) 59.9%
Mid cap ($2-10bn) 26.0%
Small cap (<$2bn) 8.3%
Developed mkts 73.3%
Emerging mkts 26.0%

TOP TEN HOLDINGS
BHP BILLITON LTD 10.9 %
RIO TINTO PLC 8.8 %
BHP BILLITON PLC 6.6 %
VALE SA 5.3 %
GLENCORE INTERNATIONAL PLC 4.7 %
ANGLO AMERICAN PLC 4.0 %
RIO TINTO LTD 3.5 %
MMC NORILSK NICKEL OJSC 3.1 %
FREEPORT-MCMORAN COPPER 2.5 %
POSCO 2.1 %
Total 51.5 %

TOP COUNTRY EXPOSURE
BRITAIN 21.0 %
AUSTRALIA 20.3 %
UNITED STATES 10.5 %
BRAZIL 6.9 %
JAPAN 6.3 %
SWITZERLAND 4.7 %
RUSSIA 4.6 %
SOUTH KOREA 3.0 %
CANADA 2.9 %
SOUTH AFRICA 2.8 %

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.
-9.4% -5.2% 3.7% -- -3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.98 30%
MSCI EAFE 1.36 49%
MSCI Emg. Mkts. 1.14 60%

Technical Indicators
Recent close $27.82
30d moving avg. $28.72
Annualized volatility 21.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 93
Turnover 1.1%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $4,522

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Global Select Metals & Mining 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™: 8.0%


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
(%)
MXI iShares S&P Global Materials 21.8 46 -7 6.5 -1.6
GNR SPDR S&P Global Nat. Resources 20.0 40 -1 6.9 -1.2
GUNR Flexshares Global Upstream Natural Resources 19.2 46 -7 6.1 -1.9
COPX Global X Copper Miners 14.8 65 -26 7.3 -0.8
GRES Index IQ Global Resources 14.5 77 -38 6.8 -1.2
EWA iShares MSCI Australia 12.4 47 -8 5.1 -3.0
FLAU Franklin FTSE Australia 12.1 9 30 5.4 -2.6
HAP VanEck Vectors Hard Asset Producers 11.8 50 -11 6.0 -2.0
XME SPDR Metals & Mining ETF 9.9 35 4 3.3 -4.7
IVAL Valueshares Int'l Quantitative Value 9.2 59 -20 10.0 +2.0
FYLD Cambria Foreign Shareholder 8.7 59 -20 8.4 +0.3
IYM iShares DJ US Basic Material 8.4 42 -3 7.6 -0.4
BATT Amplify Advanced Battery Metals & Materials 8.4 72 -33 0.9 -7.1
URA Global X Uranium 8.4 69 -30 3.2 -4.9
FAUS First Trust Australia 8.3 80 -41 6.0 -2.1
INTF iShares FactorSelect MSCI International 8.0 30 9 7.9 -0.2
FLLA Franklin FTSE Latin America 7.9 19 20 5.8 -2.3
FMAT Fidelity MSCI Materials 7.7 8 31 7.8 -0.2
VAW Vanguard Materials 7.7 10 29 7.8 -0.2
FKU First Trust United Kingdom 7.4 80 -41 8.8 +0.8

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 MSCI Global Select Metals & Mining
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 9.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.