iShares MSCI Global Metals & Mining Producers ETF
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
4.2%


  • 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) $189
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 192
Wgt avg mkt cap (mns) $44,254
Large cap (>$10bn) 60.7%
Mid cap ($2-10bn) 23.8%
Small cap (<$2bn) 9.0%
Developed mkts 75.0%
Emerging mkts 24.3%

TOP TEN HOLDINGS
BHP BILLITON LTD 11.7 %
RIO TINTO PLC 10.1 %
BHP BILLITON PLC 6.9 %
VALE SA 6.1 %
ANGLO AMERICAN PLC 4.5 %
RIO TINTO LTD 4.0 %
GLENCORE INTERNATIONAL PLC 3.4 %
FREEPORT-MCMORAN COPPER 2.7 %
MMC NORILSK NICKEL OJSC 2.7 %
FORTESCUE METALS GROUP LTD 2.6 %
Total 54.7 %

TOP COUNTRY EXPOSURE
BRITAIN 23.3 %
AUSTRALIA 22.4 %
UNITED STATES 10.0 %
BRAZIL 7.4 %
JAPAN 5.6 %
RUSSIA 4.2 %
SWITZERLAND 3.4 %
CANADA 2.7 %
SOUTH KOREA 2.6 %
SOUTH AFRICA 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.2% -15.7% 2.1% -- -4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.14 54%
MSCI EAFE 1.43 73%
MSCI Emg. Mkts. 1.13 72%

Technical Indicators
Recent close $24.73
30d moving avg. $24.49
Annualized volatility 26.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 71
Turnover 0.9%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $5,860

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™: 7.6%


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 20.6 46 -7 6.1 -1.4
GNR SPDR S&P Global Natural Resources ETF 17.0 40 -1 6.7 -0.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 14.5 46 -7 5.8 -1.7
EWA iShares MSCI Australia ETF 14.0 50 -11 6.2 -1.4
COPX Global X Copper Miners ETF 13.8 65 -26 7.0 -0.5
FLAU Franklin FTSE Australia ETF 13.5 9 30 6.7 -0.9
FTRI First Trust Indxx Global Natural Resources Income ETF 12.4 70 -31 9.6 +2.0
HAP VanEck Vectors Natural Resources ETF 12.0 50 -11 6.4 -1.2
IVAL Alpha Architect International Quantitative Value ETF 11.3 59 -20 10.5 +3.0
FAUS First Trust Australia AlphaDEX Fund 10.6 80 -41 7.8 +0.2
URA Global X Uranium ETF 9.9 71 -32 4.4 -3.2
XME SPDR S&P Metals & Mining ETF 9.6 35 4 8.5 +0.9
IDV iShares International Select Dividend ETF 9.4 49 -10 10.1 +2.6
FYLD Cambria Foreign Shareholder Yield ETF 9.2 59 -20 9.4 +1.9
GRES IQ Global Resources ETF 8.9 77 -38 7.6 +0.0
FKU First Trust United Kingdom AlphaDEX Fund 8.8 80 -41 9.3 +1.8
EWU iShares MSCI United Kingdom ETF 8.7 50 -11 7.1 -0.5
AXJL WisdomTree Asia Pacific ex-Japan Fund 8.4 48 -9 9.7 +2.1
INTF iShares Edge MSCI Multifactor Intl ETF 8.4 30 9 8.0 +0.4
IYM iShares U.S. Basic Materials ETF 8.4 42 -3 5.4 -2.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.3 19 20 6.9 -0.7
FLLA Franklin FTSE Latin America ETF 8.3 19 20 6.7 -0.9
BATT Amplify Advanced Battery Metals & Materials ETF 8.2 72 -33 2.7 -4.9
EPP iShares MSCI Pacific ex-Japan ETF 8.2 48 -9 6.6 -1.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 8.1 45 -6 10.0 +2.5
FLGB Franklin FTSE United Kingdom ETF 8.1 9 30 7.6 +0.1
EFAS Global X MSCI SuperDividend EAFE ETF 7.7 56 -17 9.7 +2.1
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.5 65 -26 11.1 +3.5
FMAT Fidelity MSCI Materials Index ETF 7.4 8 31 6.1 -1.5
JHMA John Hancock Multifactor Materials ETF 7.4 40 -1 6.8 -0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.4 20 19 11.1 +3.5
FXZ First Trust Materials AlphaDEX Fund 7.3 65 -26 7.3 -0.3
AFK VanEck Vectors Africa Index ETF 7.2 79 -40 8.9 +1.3
VAW Vanguard Materials Index Fund 7.2 10 29 6.1 -1.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 7.2 20 19 9.5 +1.9
QGBR SPDR MSCI UK StrategicFactors ETF 7.2 14 25 7.6 +0.1
FLBR Franklin FTSE Brazil ETF 7.1 19 20 5.3 -2.3
EWZ iShares MSCI Brazil Capped ETF 6.8 59 -20 4.8 -2.8
ISDX Invesco Strategic Developed ex-US ETF 6.8 23 16 7.6 0.0
IDY Pacific Global International Equity Income ETF 6.7 39 0 8.1 +0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 6.4 58 -19 6.1 -1.5
DTH WisdomTree DEFA Equity Income Fund 6.2 58 -19 9.7 +2.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.1 49 -10 8.9 +1.3
PYZ Invesco DWA Basic Materials Momentum ETF 6.1 60 -21 6.1 -1.5
DOO WisdomTree International Dividend ex-Financials Fund 6.0 58 -19 8.8 +1.2
FIVA Fidelity International Value Factor ETF 5.9 39 0 10.1 +2.5
WWJD Inspire International ESG ETF 5.9 80 -41 7.6 +0.0
SLX VanEck Vectors Steel ETF 5.9 56 -17 15.6 +8.0
IDOG ALPS International Sector Dividend Dogs ETF 5.8 50 -11 11.0 +3.4
PAVE Global X U.S. Infrastructure Development ETF 5.8 47 -8 5.8 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 5.6 79 -40 9.5 +1.9
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.5 80 -41 8.1 +0.6
GVAL Cambria Global Value ETF 5.4 69 -30 10.8 +3.3
IVLU iShares Edge MSCI Intl Value Factor ETF 5.3 30 9 11.4 +3.9
AVDV Avantis International Small Cap Value ETF 5.3 36 3 7.8 +0.2
ESGN Columbia Sustainable International Equity Income ETF 5.0 45 -6 10.8 +3.2
NANR SPDR S&P North American Natural Resources ETF 4.8 35 4 3.4 -4.1
GCOW Pacer Global High Dividend ETF 4.8 60 -21 10.4 +2.8
RTM Invesco S&P 500 Equal Weight Materials ETF 4.7 40 -1 6.3 -1.3
XLB Materials Select Sector SPDR Fund 4.7 13 26 5.9 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 4.7 25 14 8.9 +1.3
IPKW Invesco International BuyBack Achievers ETF 4.7 55 -16 8.7 +1.1
IQIN IQ 500 International ETF 4.6 25 14 9.0 +1.4
VYMI Vanguard International High Dividend Yield ETF 4.6 32 7 10.3 +2.7
EFV iShares MSCI EAFE Value ETF 4.6 39 0 9.6 +2.0
XCEM Columbia EM Core ex-China ETF 4.6 16 23 7.4 -0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 4.5 83 -44 5.7 -1.8
SCIX Global X Scientific Beta Asia ex-Japan ETF 4.4 38 1 6.8 -0.8
IDHQ Invesco S&P International Developed Quality ETF 4.3 29 10 5.1 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.3 47 -8 12.8 +5.3
IFRA iShares U.S. Infrastructure ETF 4.3 40 -1 6.1 -1.5
PXH Invesco FTSE RAFI Emerging Markets ETF 4.2 50 -11 13.4 +5.9
IQDG WisdomTree International Quality Dividend Growth Fund 4.2 38 1 6.4 -1.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.1 58 -19 6.3 -1.3
DVYA iShares Asia/Pacific Dividend ETF 4.1 49 -10 13.2 +5.6
VIDI Vident International Equity Fund 4.1 59 -20 11.5 +3.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.1 49 -10 8.1 +0.6
FLRU Franklin FTSE Russia ETF 4.0 19 20 20.0 +12.4
ERUS iShares MSCI Russia ETF 4.0 59 -20 16.0 +8.4
DEM WisdomTree Emerging Markets High Dividend Fund 4.0 63 -24 14.1 +6.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.0 45 -6 9.0 +1.4
IQDF FlexShares International Quality Dividend Index Fund 3.9 47 -8 12.4 +4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.9 39 0 13.0 +5.4
JPIN JPMorgan Diversified Return International Equity ETF 3.9 37 2 8.1 +0.5
FEM First Trust Emerging Markets AlphaDEX Fund 3.9 80 -41 11.4 +3.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 3.8 47 -8 12.4 +4.8
ACWF iShares FactorSelect MSCI Global ETF 3.8 35 4 8.1 +0.5
BLES Inspire Global Hope Large Cap ETF 3.7 52 -13 6.5 -1.1
EQRR ProShares Equities for Rising Rates ETF 3.6 35 4 6.1 -1.5
EMXC iShares MSCI Emerging Markets ex China ETF 3.6 25 14 8.5 +0.9
FDT First Trust Developed Markets ex-US Alphadex Fund 3.6 80 -41 7.7 +0.1
DOL WisdomTree International LargeCap Dividend Fund 3.6 48 -9 8.6 +1.0
EYLD Cambria Emerging Shareholder Yield ETF 3.4 66 -27 16.6 +9.1
QINT American Century Quality Diversified International ETF 3.4 39 0 5.9 -1.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.4 29 10 12.3 +4.8
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 3.4 83 -44 5.4 -2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 3.4 58 -19 7.9 +0.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 3.4 51 -12 13.5 +6.0
ISEM Invesco Strategic Emerging Markets ETF 3.4 35 4 10.7 +3.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 3.3 45 -6 13.8 +6.2

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 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.