iShares MSCI Global Metals & Mining Producers ETF
ALTAR
Score™
5.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
3.0%


  • 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) $653
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) $54,926
Large cap (>$10bn) 64.0%
Mid cap ($2-10bn) 23.1%
Small cap (<$2bn) 5.1%
Developed mkts 72.9%
Emerging mkts 26.1%

TOP TEN HOLDINGS
BHP BILLITON LTD 10.5 %
RIO TINTO PLC 9.0 %
VALE SA 6.3 %
BHP BILLITON PLC 6.1 %
FREEPORT-MCMORAN COPPER 4.4 %
ANGLO AMERICAN PLC 4.4 %
GLENCORE INTERNATIONAL PLC 3.7 %
RIO TINTO LTD 3.4 %
FORTESCUE METALS GROUP LTD 3.2 %
MMC NORILSK NICKEL OJSC 2.2 %
Total 53.3 %

TOP COUNTRY EXPOSURE
AUSTRALIA 21.9 %
BRITAIN 21.3 %
UNITED STATES 11.7 %
BRAZIL 7.8 %
JAPAN 4.7 %
CANADA 3.8 %
SWITZERLAND 3.7 %
RUSSIA 2.9 %
SOUTH AFRICA 2.8 %
SOUTH KOREA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.4% 27.4% 20.9% -- 0.4%

Market Correlations
versus... Beta R-squared
S&P500 1.24 65%
MSCI EAFE 1.41 82%
MSCI Emg. Mkts. 1.18 73%

Technical Indicators
Recent close $39.24
30d moving avg. $38.07
Annualized volatility 29.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 239
Turnover 1.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $8,381

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.5%


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
(%)
MXI iShares Global Materials ETF 24.5 45 -6 5.0 -0.5
DFAE Dimensional Emerging Core Equity Market ETF 21.4 35 4 7.0 +1.5
GNR SPDR S&P Global Natural Resources ETF 18.9 40 -1 5.2 -0.3
COPX Global X Copper Miners ETF 17.3 65 -26 4.1 -1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 17.2 46 -7 5.1 -0.4
EWA iShares MSCI Australia ETF 16.2 51 -12 5.1 -0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.7 58 -19 5.8 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 15.7 42 -3 6.0 +0.5
FLAU Franklin FTSE Australia ETF 15.6 9 30 5.7 +0.2
HAP VanEck Vectors Natural Resources ETF 12.5 50 -11 4.8 -0.6
FTRI First Trust Indxx Global Natural Resources Income ETF 11.9 70 -31 7.7 +2.2
DFAI Dimensional International Core Equity Market ETF 11.8 18 21 6.4 +0.9
IDV iShares International Select Dividend ETF 11.5 49 -10 8.9 +3.4
XME SPDR S&P Metals & Mining ETF 11.1 35 4 5.1 -0.4
GRES IQ Global Resources ETF 10.8 78 -39 5.6 +0.1
VAW Vanguard Materials Index Fund 10.7 10 29 5.0 -0.5
EWU iShares MSCI United Kingdom ETF 10.5 51 -12 6.5 +1.0
INTF iShares Edge MSCI Multifactor Intl ETF 10.4 30 9 7.2 +1.8
ZGBR SPDR Solactive United Kingdom ETF 10.3 14 25 7.0 +1.5
FMAT Fidelity MSCI Materials Index ETF 10.1 8 31 5.0 -0.5
FLGB Franklin FTSE United Kingdom ETF 9.8 9 30 6.9 +1.4
EPP iShares MSCI Pacific ex-Japan ETF 9.8 48 -9 5.5 +0.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 9.7 20 19 9.4 +4.0
DOO WisdomTree International Dividend ex-Financials Fund 9.7 58 -19 7.7 +2.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.6 19 20 5.9 +0.4
FYLD Cambria Foreign Shareholder Yield ETF 9.1 59 -20 5.6 +0.2
FLLA Franklin FTSE Latin America ETF 9.0 19 20 6.2 +0.7
DTH WisdomTree International High Dividend Fund 8.9 58 -19 8.7 +3.2
BATT Amplify Advanced Battery Metals & Materials ETF 8.8 59 -20 1.9 -3.6
DEM WisdomTree Emerging Markets High Dividend Fund 8.6 63 -24 12.9 +7.5
AFK VanEck Vectors Africa Index ETF 8.5 79 -40 7.2 +1.8
IYM iShares U.S. Basic Materials ETF 8.3 43 -4 4.5 -1.0
JHMA John Hancock Multifactor Materials ETF 8.2 40 -1 5.4 -0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 8.2 23 16 6.3 +0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.7 58 -19 6.5 +1.0
IVAL Alpha Architect International Quantitative Value ETF 7.7 59 -20 8.3 +2.8
FLBR Franklin FTSE Brazil ETF 7.6 19 20 5.2 -0.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.6 49 -10 7.6 +2.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 7.6 45 -6 9.7 +4.2
EWZ iShares MSCI Brazil Capped ETF 7.5 59 -20 4.4 -1.1
FKU First Trust United Kingdom AlphaDEX Fund 7.4 80 -41 6.9 +1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 7.3 20 19 8.4 +2.9
NANR SPDR S&P North American Natural Resources ETF 7.1 35 4 3.1 -2.4
LVHI Legg Mason International Low Volatility High Dividend ETF 7.1 40 -1 9.0 +3.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 7.0 39 0 9.9 +4.5
DOL WisdomTree International LargeCap Dividend Fund 6.8 48 -9 7.2 +1.7
VIDI Vident International Equity Fund 6.6 59 -20 9.7 +4.2
IVLU iShares Edge MSCI Intl Value Factor ETF 6.5 30 9 9.9 +4.4
PYZ Invesco DWA Basic Materials Momentum ETF 6.4 60 -21 4.2 -1.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 6.3 83 -44 5.0 -0.4
IDOG ALPS International Sector Dividend Dogs ETF 6.2 50 -11 8.2 +2.7
XLB Materials Select Sector SPDR Fund 6.1 13 26 4.8 -0.7
IQIN IQ 500 International ETF 6.0 25 14 7.6 +2.1
RTM Invesco S&P 500 Equal Weight Materials ETF 5.8 40 -1 4.7 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 5.8 83 -44 5.1 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 5.8 25 14 7.7 +2.2
AVDV Avantis International Small Cap Value ETF 5.8 36 3 6.7 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 5.8 50 -11 11.6 +6.2
DVYA iShares Asia/Pacific Dividend ETF 5.6 49 -10 11.1 +5.6
IQDF FlexShares International Quality Dividend Index Fund 5.6 47 -8 7.9 +2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 5.6 47 -8 8.1 +2.7
DWM WisdomTree International Equity Fund 5.5 48 -9 7.2 +1.7
PAVE Global X U.S. Infrastructure Development ETF 5.5 47 -8 4.2 -1.3
IQDE FlexShares International Quality Dividend Defensive Index ET 5.5 47 -8 7.8 +2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 5.5 40 -1 7.2 +1.8
VYMI Vanguard International High Dividend Yield ETF 5.5 27 12 9.0 +3.6
SLX VanEck Vectors Steel ETF 5.5 56 -17 9.9 +4.5
WWJD Inspire International ESG ETF 5.5 80 -41 6.0 +0.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.4 80 -41 7.5 +2.0
EFAS Global X MSCI SuperDividend EAFE ETF 5.3 56 -17 8.1 +2.6
EFV iShares MSCI EAFE Value ETF 5.3 39 0 8.4 +2.9
ESGN Columbia Sustainable International Equity Income ETF 5.3 45 -6 9.2 +3.7
FBZ First Trust Brazil AlphaDEX Fund 5.0 80 -41 7.4 +1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.0 39 0 11.6 +6.1
OBOR KraneShares MSCI One Belt One Road Index ETF 5.0 79 -40 7.1 +1.6
XCEM Columbia EM Core ex-China ETF 5.0 16 23 5.9 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 5.0 45 -6 7.6 +2.1
IDHQ Invesco S&P International Developed Quality ETF 4.8 29 10 4.8 -0.7
RODE Hartford Multifactor Diversified International ETF 4.8 29 10 10.5 +5.0
FXZ First Trust Materials AlphaDEX Fund 4.8 65 -26 5.8 +0.3
PIE Invesco DWA Emerging Markets Momentum ETF 4.8 90 -51 1.8 -3.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 4.8 45 -6 12.1 +6.6
FDEV Fidelity Targeted International Factor ETF 4.7 39 0 6.2 +0.7
ACWF iShares MSCI Global Multifactor ETF 4.6 35 4 6.8 +1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.5 25 14 6.4 +0.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 4.5 58 -19 5.0 -0.4
IFRA iShares U.S. Infrastructure ETF 4.4 40 -1 4.9 -0.5
ISEM Invesco RAFI Strategic Emerging Markets ETF 4.4 35 4 8.9 +3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.3 39 0 5.6 +0.1
DEW WisdomTree Global High Dividend Fund 4.2 58 -19 8.8 +3.3
EMXC iShares MSCI Emerging Markets ex China ETF 4.1 25 14 6.6 +1.1
JPIN JPMorgan Diversified Return International Equity ETF 4.1 37 2 7.1 +1.6
BNE Blue Horizon BNE ETF 4.1 87 -48 0.9 -4.6
FLN First Trust Latin America AlphaDEX Fund 4.1 80 -41 10.2 +4.8
QINT American Century Quality Diversified International ETF 4.0 39 0 5.7 +0.2
DGT SPDR Global Dow ETF 3.9 50 -11 6.3 +0.8
EQRR ProShares Equities for Rising Rates ETF 3.9 35 4 6.2 +0.7

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 9.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.48
 
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.