EMIF
iShares Emerging Markets Infrastructure ETF
iShares S&P Emerging Markets Infrastructure Index Fund seeks investment results that correspond to the price and yield performance of the the S&P Emerging Markets Infrastructure Index Fund.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
60 bp
EXPENSES
$8.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2009 |
| Assets (mns) | $9 |
| Expense ratio | 60 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 +
| AK TRANSNEFT OAO-PREF | 10.5 % |
| AIRPORTS OF THAILAND PC-NVDR | 7.9 % |
| GRUPO AEROPORTUARIO PAC-ADR | 7.3 % |
| GRUPO AEROPORTUARIO SUR-ADR | 6.4 % |
| CENTRAIS ELEC BRAS-SP ADR CM | 5.4 % |
| QATAR GAS TRANSPORT(NAKILAT) | 4.6 % |
| CHINA RESOURCES POWER HOLDIN | 4.4 % |
| ULTRAPAR PARTICPAC-SPON ADR | 4.1 % |
| CIA SANEAMENTO BASICO DE-ADR | 4.0 % |
| CNPC HONG KONG LIMITED | 3.2 % |
Constituent Breakdown
| Number of holdings | 31 |
| Herfindahl-Hirschman Index | 500 |
| Wgt avg mkt cap (mns) | $7,055 |
| Large cap (>$10bn) | 19.7% |
| Mid cap ($2-10bn) | 60.3% |
| Small cap (<$2bn) | 17.2% |
| Developed mkts. | 17.7% |
| Emerging mkts. | 79.6% |
Country Exposure
 |
BRAZIL | 20.2 % |
 |
HONG KONG | 17.4 % |
 |
MEXICO | 16.5 % |
 |
CHINA | 13.7 % |
 |
RUSSIA | 10.5 % |
 |
THAILAND | 7.9 % |
 |
QATAR | 4.6 % |
 |
SOUTH KOREA | 2.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.1% | -1.2% | 1.1% | -2.2% | -3.4% | -2.4% | 1.7% | Volatility | 15.9% | 17.0% | 20.0% | 21.3% | 24.1% | 21.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 30% |
| MSCI EAFE | 0.80 | 61% |
| MSCI Emg Mkts | 0.82 | 66% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.71% |
| ADV of underlying (mns) | $314 |
Technical Indicators
| Recent close | $21.27 |
| 30d moving avg. | $21.78 |
| Annualized volatility | 17.9% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.0% |
| 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. EMIF |
Expenses vs. EMIF |
ALTAR Score™ vs. EMIF |
|---|---|---|---|---|
| IGF | iShares Global Infrastructure ETF | 11.5% | -19 bp | +0.2% |
| GII | SPDR S&P Global Infrastructure ETF | 11.5% | -20 bp | +0.2% |
Risk and Returns: EMIF 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 7/25/2024
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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
EMIF
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™
EMIF
4.6%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.6% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. EMIF's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places EMIF in the 23rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMIF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| EMIF (60 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMIF | 60.0 | 70.8 | 130.8 |
| Peer Avg. | 56.1 | 21.3 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .