BKF
iShares MSCI BIC ETF
The iShares MSCI BRIC Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index. The index consists primarily of large cap stocks in Brazil, Russia, India and China.
Fund Basics
Fund sponsor | Barclays Global Investors |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Nov 12, 2007 |
Assets (mns) | $77 |
Expense ratio | 69 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
TENCENT HOLDINGS LTD | 8.0 % |
ALIBABA GROUP HOLDING LTD. | 4.1 % |
RELIANCE INDUSTRIES LTD | 2.7 % |
PINDUODUO, INC. SPONSORED ADR CLASS A | 2.1 % |
MEITUAN DIANPING | 2.0 % |
ICICI BANK LTD | 1.8 % |
CHINA CONSTRUCTION BANK-H | 1.8 % |
INFOSYS TECHNOLOGIES LTD | 1.4 % |
SBERBANK | 1.4 % |
LUKOIL OAO | 1.4 % |
Constituent Breakdown
Number of holdings | 684 |
Herfindahl-Hirschman Index | 125 |
Wgt avg mkt cap (mns) | $87,084 |
Large cap (>$10bn) | 82.7% |
Mid cap ($2-10bn) | 15.3% |
Small cap (<$2bn) | 0.6% |
Developed mkts. | 9.7% |
Emerging mkts. | 90.4% |
Country Exposure
CHINA | 45.6 % | |
INDIA | 30.6 % | |
BRAZIL | 9.1 % | |
RUSSIA | 6.6 % | |
HONG KONG | 3.4 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
1.5% | 3.2% | -0.5% | -11.3% | -2.7% | 1.7% | -1.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.44 | 14% |
MSCI EAFE | 0.70 | 33% |
MSCI Emg Mkts | 1.08 | 82% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.24% |
ADV of underlying (mns) | $46,953 |
Technical Indicators
Recent close | $37.58 |
30d moving avg. | $33.90 |
Annualized volatility | 20.9% |
Relative strength (RSI) | 58 |
Short interest (ETF) | 1.1% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. BKF |
Expenses vs. BKF |
ALTAR Score™ vs. BKF |
---|---|---|---|---|
EEMA | iShares MSCI Emerging Markets Asia ETF | 53.1% | -20 bp | -8.9% |
MCHI | iShares MSCI China ETF | 48.9% | -10 bp | -5.8% |
EEM | iShares MSCI Emerging Markets ETF | 48.8% | 0 bp | -4.7% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 48.5% | +1 bp | -9.4% |
LDEM | iShares ESG MSCI EM Leaders ETF | 48.2% | -52 bp | -10.9% |
FLCH | Franklin FTSE China ETF | 47.4% | -50 bp | -5.2% |
GXC | SPDR S&P China ETF | 44.7% | -10 bp | -5.7% |
VWO | Vanguard FTSE Emerging Markets ETF | 44.4% | -61 bp | -7.8% |
FLAX | Franklin FTSE Asia Ex Japan ETF | 44.3% | -50 bp | -8.4% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 44.2% | -3 bp | -8.1% |
Risk and Returns: BKF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 5/16/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BKF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BKF
18.1%
Cat. Avg
8.0%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 18.1% |
Recommendation
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.
Category Overview
There are 162 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.0% and a standard deviation of
4.1%. BKF's ALTAR Score™ is approximately
2.5 standard deviations
above
the category average. This places BKF in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BKF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BKF | 69.0 | 24.2 | 93.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .