iShares MSCI Global Metals & Mining Producers ETF
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
3.9%


  • 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) $312
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 194
Wgt avg mkt cap (mns) $45,529
Large cap (>$10bn) 59.7%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 8.0%
Developed mkts 74.7%
Emerging mkts 24.6%

TOP TEN HOLDINGS
BHP BILLITON LTD 11.3 %
RIO TINTO PLC 9.9 %
BHP BILLITON PLC 6.8 %
VALE SA 5.7 %
ANGLO AMERICAN PLC 4.3 %
RIO TINTO LTD 3.7 %
FREEPORT-MCMORAN COPPER 3.4 %
GLENCORE INTERNATIONAL PLC 3.1 %
FORTESCUE METALS GROUP LTD 2.8 %
MMC NORILSK NICKEL OJSC 2.2 %
Total 53.1 %

TOP COUNTRY EXPOSURE
BRITAIN 22.6 %
AUSTRALIA 22.2 %
UNITED STATES 11.0 %
BRAZIL 7.1 %
JAPAN 6.8 %
RUSSIA 3.5 %
CANADA 3.3 %
SWITZERLAND 3.1 %
SOUTH AFRICA 2.6 %
SOUTH KOREA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.0% 13.1% 9.0% -- -3.0%

Market Correlations
versus... Beta R-squared
S&P500 1.13 59%
MSCI EAFE 1.40 76%
MSCI Emg. Mkts. 1.08 72%

Technical Indicators
Recent close $26.93
30d moving avg. $27.89
Annualized volatility 25.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 134
Turnover 1.2%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $1,487

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 7.1%


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 Global Materials ETF 20.4 45 -6 5.7 -1.3
GUNR Flexshares Morningstar Global Upstream Natural Resources 15.2 46 -7 5.9 -1.2
GNR SPDR S&P Global Natural Resources ETF 15.2 40 -1 6.5 -0.6
COPX Global X Copper Miners ETF 15.0 65 -26 6.4 -0.7
EWA iShares MSCI Australia ETF 14.4 50 -11 6.2 -0.9
FLAU Franklin FTSE Australia ETF 14.0 9 30 6.7 -0.4
FTRI First Trust Indxx Global Natural Resources Income ETF 13.1 70 -31 10.0 +3.0
HAP VanEck Vectors Natural Resources ETF 11.9 50 -11 6.2 -0.9
IVAL Alpha Architect International Quantitative Value ETF 11.6 59 -20 10.2 +3.1
FYLD Cambria Foreign Shareholder Yield ETF 11.0 59 -20 7.0 -0.1
IDV iShares International Select Dividend ETF 10.6 49 -10 10.6 +3.5
XME SPDR S&P Metals & Mining ETF 10.4 35 4 7.3 +0.2
GRES IQ Global Resources ETF 9.4 78 -39 7.2 +0.2
EWU iShares MSCI United Kingdom ETF 9.3 50 -11 7.4 +0.4
EFAS Global X MSCI SuperDividend EAFE ETF 8.6 56 -17 9.8 +2.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.6 19 20 6.9 -0.2
INTF iShares Edge MSCI Multifactor Intl ETF 8.6 30 9 7.7 +0.7
FLGB Franklin FTSE United Kingdom ETF 8.6 9 30 8.0 +0.9
EPP iShares MSCI Pacific ex-Japan ETF 8.5 48 -9 6.6 -0.5
IYM iShares U.S. Basic Materials ETF 8.1 43 -4 5.0 -2.1
FLLA Franklin FTSE Latin America ETF 8.1 19 20 7.1 +0.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.0 65 -26 10.9 +3.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.8 20 19 11.5 +4.4
FMAT Fidelity MSCI Materials Index ETF 7.8 8 31 5.7 -1.4
BATT Amplify Advanced Battery Metals & Materials ETF 7.7 72 -33 2.3 -4.7
JHMA John Hancock Multifactor Materials ETF 7.7 40 -1 6.4 -0.7
QGBR SPDR MSCI UK StrategicFactors ETF 7.6 14 25 8.0 +0.9
AFK VanEck Vectors Africa Index ETF 7.6 79 -40 8.7 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 7.6 20 19 9.7 +2.7
PYZ Invesco DWA Basic Materials Momentum ETF 7.3 60 -21 5.6 -1.4
VAW Vanguard Materials Index Fund 7.3 10 29 5.7 -1.4
ISDX Invesco Strategic Developed ex-US ETF 7.2 23 16 7.4 +0.3
FAUS First Trust Australia AlphaDEX Fund 7.0 80 -41 6.0 -1.1
FLBR Franklin FTSE Brazil ETF 6.9 19 20 5.6 -1.5
AVDV Avantis International Small Cap Value ETF 6.9 36 3 7.7 +0.6
DTH WisdomTree DEFA Equity Income Fund 6.7 58 -19 9.9 +2.8
IDY Pacific Global International Equity Income ETF 6.7 39 0 8.0 +1.0
EWZ iShares MSCI Brazil Capped ETF 6.6 59 -20 5.2 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.5 58 -19 5.9 -1.2
DOO WisdomTree International Dividend ex-Financials Fund 6.3 58 -19 8.9 +1.8
FKU First Trust United Kingdom AlphaDEX Fund 6.0 80 -41 8.3 +1.2
SLX VanEck Vectors Steel ETF 5.9 56 -17 13.4 +6.3
PAVE Global X U.S. Infrastructure Development ETF 5.9 47 -8 5.4 -1.6
IDOG ALPS International Sector Dividend Dogs ETF 5.8 50 -11 11.1 +4.0
IVLU iShares Edge MSCI Intl Value Factor ETF 5.8 30 9 11.5 +4.4
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.7 80 -41 7.6 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 5.7 49 -10 8.1 +1.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 5.7 45 -6 10.1 +3.1
NANR SPDR S&P North American Natural Resources ETF 5.7 35 4 3.8 -3.3
FXZ First Trust Materials AlphaDEX Fund 5.6 65 -26 7.3 +0.2
OBOR KraneShares MSCI One Belt One Road Index ETF 5.5 79 -40 9.4 +2.3
VIDI Vident International Equity Fund 5.5 59 -20 11.3 +4.2
RTM Invesco S&P 500 Equal Weight Materials ETF 5.4 40 -1 5.7 -1.4
XLB Materials Select Sector SPDR Fund 5.3 13 26 5.5 -1.6
GCOW Pacer Global High Dividend ETF 5.3 60 -21 10.6 +3.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 5.2 39 0 11.3 +4.2
WWJD Inspire International ESG ETF 5.1 80 -41 7.3 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 5.0 25 14 8.8 +1.7
DVYA iShares Asia/Pacific Dividend ETF 4.9 49 -10 13.5 +6.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 4.9 38 1 6.8 -0.3
EQRR ProShares Equities for Rising Rates ETF 4.9 35 4 7.4 +0.4
EFV iShares MSCI EAFE Value ETF 4.9 39 0 9.7 +2.6
IQIN IQ 500 International ETF 4.7 25 14 8.7 +1.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 4.7 83 -44 5.4 -1.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.7 63 -24 15.4 +8.3
ESGN Columbia Sustainable International Equity Income ETF 4.6 45 -6 10.8 +3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 4.6 50 -11 13.9 +6.9
XCEM Columbia EM Core ex-China ETF 4.5 16 23 7.4 +0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 -8 9.2 +2.2
IDHQ Invesco S&P International Developed Quality ETF 4.4 29 10 5.0 -2.1
IQDF FlexShares International Quality Dividend Index Fund 4.3 47 -8 9.0 +2.0
VYMI Vanguard International High Dividend Yield ETF 4.3 27 12 10.3 +3.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 4.2 39 0 13.5 +6.4
IQDG WisdomTree International Quality Dividend Growth Fund 4.2 42 -3 6.2 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.2 45 -6 8.9 +1.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.2 58 -19 6.0 -1.1
IFRA iShares U.S. Infrastructure ETF 4.2 40 -1 6.0 -1.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.1 47 -8 9.2 +2.1
FEM First Trust Emerging Markets AlphaDEX Fund 4.1 80 -41 14.2 +7.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 4.1 39 0 8.3 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 49 -10 7.9 +0.8
URA Global X Uranium ETF 3.9 71 -32 0.7 -6.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.9 29 10 11.4 +4.4
RFDI First Trust Riverfront Dynamic Developed International ETF 3.9 83 -44 5.6 -1.4
ACWF iShares FactorSelect MSCI Global ETF 3.8 35 4 8.0 +1.0
DOL WisdomTree International LargeCap Dividend Fund 3.8 48 -9 8.7 +1.6
FDT First Trust Developed Markets ex-US Alphadex Fund 3.8 80 -41 7.3 +0.2
JPIN JPMorgan Diversified Return International Equity ETF 3.7 37 2 7.8 +0.8
FDEV Fidelity Targeted International Factor ETF 3.6 39 0 6.4 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.6 58 -19 7.8 +0.7
BLES Inspire Global Hope Large Cap ETF 3.6 52 -13 6.6 -0.5
ISEM Invesco Strategic Emerging Markets ETF 3.6 35 4 11.1 +4.0
EMXC iShares MSCI Emerging Markets ex China ETF 3.6 25 14 8.3 +1.2
FLRU Franklin FTSE Russia ETF 3.5 19 20 21.0 +13.9
ERUS iShares MSCI Russia ETF 3.5 59 -20 17.0 +9.9
DWM WisdomTree International Equity Fund 3.4 48 -9 8.3 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.4 35 4 8.6 +1.5
RFEU First Trust Riverfront Dynamic Europe ETF 3.3 83 -44 5.9 -1.2
DLS WisdomTree International SmallCap Dividend Fund 3.3 58 -19 8.3 +1.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 3.3 70 -31 7.3 +0.2

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 Metals & Mining Producers 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 8.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.50
 
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.