iShares MSCI Qatar ETF
ALTAR
Score™		 9.4% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 10.3x P/Sales
ratio		 2.5x
P/BV
ratio		 1.0x Div.
yield		 5.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Qatar Capped ETF is an exchange traded-fund incorporated in the USA. The Fund seeks to track the investment results of a broad-based index composed of Qatar equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Apr 29, 2014
Assets (mns) $78
Currency USD
Expense ratio 59 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $13,637
Large cap (>$10bn) 41.7%
Mid cap ($2-10bn) 42.2%
Small cap (<$2bn) 16.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
QATAR NATIONAL BANK 21.7 %
QATAR ISLAMIC BANK 12.2 %
INDUSTRIES QATAR 6.8 %
MASRAF AL RAYAN 4.7 %
QATAR INTERNATIONAL ISLAMIC 4.4 %
QATAR GAS TRANSPORT(NAKILAT) 4.1 %
QATAR NAVIGATION 4.0 %
COMMERCIAL BANK OF QATAR 3.9 %
MESAIEED PETROCHEMICAL HOLDING COM 3.8 %
OOREDOO Q.P.S.C 3.7 %
Total 69.3 %

TOP COUNTRY EXPOSURE
QATAR 99.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.3% 4.0% 3.1% -- -0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.45 26%
MSCI EAFE 0.37 16%
MSCI Emg. Mkts. 0.34 14%

Technical Indicators
Recent close $17.15
30d moving avg. $17.25
Annualized volatility 15.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.6%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $57

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 70 potential alternatives to the iShares MSCI Qatar ETF ETF based on the alternatives' overlap in portfolio holdings with QAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QAT Expense: 59 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QAT
Ticker Fund
Name		 Overlap1
vs QAT
(%)		 Expense
ratio
(bp)		 Savings
vs QAT
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs QAT
(%)
EDIV SPDR S&P Emerging Markets Dividend ETF 5.6 49 10 11.0 +1.6
FTAG First Trust Indxx Global Agriculture ETF 4.3 70 -11 9.1 -0.3
EMIF iShares Emerging Markets Infrastructure ETF 4.1 60 -1 4.7 -4.7
LNGG Roundhill Alerian LNG ETF 4.1 65 -6 8.6 -0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.9 40 19 7.2 -2.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.5 25 34 7.0 -2.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 -8 17.5 +8.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.7 29 30 8.3 -1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 15 10.4 +1.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 1.3 70 -11 11.4 +2.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 0 9.6 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.1 30 29 8.6 -0.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 25 34 6.7 -2.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.1 24 35 7.2 -2.2
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 34 8.7 -0.7
XCEM Columbia EM Core ex-China ETF 1.0 16 43 7.4 -2.0
SCHE Schwab Emerging Markets Equity ETF 1.0 11 48 7.6 -1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.9 45 14 8.6 -0.8
VWO Vanguard FTSE Emerging Markets ETF 0.9 8 51 7.6 -1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 29 7.5 -1.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.9 47 12 5.2 -4.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 18 7.3 -2.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 23 7.5 -1.9
STXE Strive Emerging Markets Ex-China ETF 0.9 32 27 6.9 -2.5
BKEM BNY Mellon Emerging Markets Equity ETF 0.8 11 48 7.7 -1.7
EEM iShares MSCI Emerging Markets ETF 0.8 69 -10 7.0 -2.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.8 66 -7 7.2 -2.2
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 52 7.5 -1.8
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 50 7.5 -1.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 21 8.3 -1.1
SCHY Schwab International Dividend Equity ETF 0.8 14 45 9.3 -0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.8 15 44 7.1 -2.3
EMXF iShares ESG Advanced MSCI EM ETF 0.7 16 43 7.5 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 0.7 17 42 7.8 -1.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 20 12.6 +3.2
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 36 23 6.8 -2.5
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 24 7.7 -1.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 18 7.8 -1.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 9 10.6 +1.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 39 7.5 -1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -11 7.3 -2.1
DFEV Dimensional Emerging Markets Value ETF 0.6 43 16 10.9 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.6 47 12 10.2 +0.9
NXTG First Trust Indxx NextG ETF 0.6 70 -11 6.0 -3.4
DVYE iShares Emerging Markets Dividend ETF 0.5 49 10 16.6 +7.3
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 34 7.7 -1.7
VYMI Vanguard International High Dividend Yield ETF 0.5 22 37 9.7 +0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -6 7.7 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.4 20 39 10.7 +1.4
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 47 8.7 -0.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 26 7.2 -2.2
IQDF FlexShares International Quality Dividend Index Fund 0.3 47 12 10.7 +1.3
VSGX Vanguard ESG International Stock ETF 0.3 12 47 6.8 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.8 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 7.2 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 18 6.6 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 34 25 6.7 -2.7
VXUS Vanguard Total International Stock ETF 0.2 7 52 7.1 -2.2
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 52 6.9 -2.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.6 -3.8
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 39 6.7 -2.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 6.8 -2.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 47 5.0 -4.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 34 12.0 +2.6
GLOF iShares Global Equity Factor ETF 0.1 20 39 7.0 -2.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 52 6.5 -2.9
VT Vanguard Total World Stock ETF 0.1 7 52 5.8 -3.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 20 11.0 +1.7
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.5 -3.9
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 9.2 -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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
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 Qatar 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 9.5 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 CATEGORY
AVERAGE		 1.51
 
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.