IGE

iShares North American Natural Resources ETF

The iShares S&P North American Natural Resources Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index.


Global

EQUITY

Rules-Based

MANAGEMENT STYLE

41 bp

EXPENSES

$529.7 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBarclays Global Investors
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 22, 2001
Assets (mns)$530
Expense ratio41 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
EXXON MOBIL CORP 9.9 %
CHEVRON CORP 9.8 %
CONOCOPHILLIPS 4.4 %
ENBRIDGE INC 3.0 %
CANADIAN NATURAL RESOURCES 2.9 %
EOG RESOURCES, INC. 2.9 %
FREEPORT-MCMORAN COPPER 2.8 %
SCHLUMBERGER LTD 2.6 %
PHILLIPS 66 2.3 %
MARATHON PETROLEUM 2.3 %
Constituent Breakdown
Number of holdings126
Herfindahl-Hirschman Index 331
Wgt avg mkt cap (mns)$115,301
Large cap (>$10bn)87.7%
Mid cap ($2-10bn)11.5%
Small cap (<$2bn)0.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 76.4 %
CANADA 19.4 %
BRITAIN 1.0 %
NETHERLANDS 0.5 %
SWITZERLAND 0.5 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.3% 17.3% 14.4% 16.8% 11.7% 1.7% 8.2%
Volatility 15.3% 16.9% 24.0% 24.4% 29.9% 26.0% --
Market Correlations
versus...BetaR-squared
S&P 5000.7230%
MSCI EAFE0.7732%
MSCI Emg Mkts0.5115%
Liquidity Measures
Avg. volume (000)87
Turnover0.7%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$31,368
Technical Indicators
Recent close$44.70
30d moving avg.$45.00
Annualized volatility23.6%
Relative strength (RSI)46
Short interest (ETF)0.1%
Short interest (underlying)3.9%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: IGE vs. Comps (1 YR)

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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 --%
1.4 12.5 1.9 3.3% --
Based on closing prices from 7/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IGE



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™

IGE

6.8%

Cat. Avg

3.8%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.8%
Recommendation

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.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.6%. IGE's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places IGE in the 74th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
IGE
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Rules-Based
Global Equity ETFs
# of ETFs 191
Avg. Expense Ratio 55.4 bp
Std. Deviation 17.5 bp
IGE (41 bp) Percentile rank 21
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IGE 41.0 3.0 44
Peer Avg. 56.6 40.2 96.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .