PICK
iShares MSCI Global Metals & Mining Producers ETF
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
| Fund sponsor | BlackRock Funds/USA |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2012 |
| Assets (mns) | $1,420 |
| Expense ratio | 39 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 +
| BHP BILLITON LTD | 13.7 % |
| RIO TINTO PLC | 6.8 % |
| GLENCORE INTERNATIONAL PLC | 5.5 % |
| FREEPORT-MCMORAN COPPER | 5.0 % |
| VALE SA | 4.5 % |
| NUCOR CORP | 3.6 % |
| ANGLO AMERICAN PLC | 3.3 % |
| POSCO | 2.9 % |
| RIO TINTO LTD | 2.6 % |
| FORTESCUE METALS GROUP LTD | 2.1 % |
Constituent Breakdown
| Number of holdings | 266 |
| Herfindahl-Hirschman Index | 381 |
| Wgt avg mkt cap (mns) | $12,221 |
| Large cap (>$10bn) | 33.5% |
| Mid cap ($2-10bn) | 21.1% |
| Small cap (<$2bn) | 5.9% |
| Developed mkts. | 76.7% |
| Emerging mkts. | 23.3% |
Country Exposure
 |
AUSTRALIA | 24.3 % |
 |
UNITED STATES | 17.6 % |
 |
BRITAIN | 11.0 % |
 |
SWITZERLAND | 5.6 % |
 |
BRAZIL | 5.5 % |
 |
JAPAN | 5.4 % |
 |
CANADA | 5.1 % |
 |
SOUTH KOREA | 3.6 % |
 |
INDIA | 2.5 % |
 |
RUSSIA | 2.1 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -0.2% | 14.9% | 0.1% | 19.1% | 11.0% | 6.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 50% |
| MSCI EAFE | 1.44 | 68% |
| MSCI Emg Mkts | 1.34 | 57% |
Liquidity Measures
| Avg. volume (000) | 222 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $6,336 |
Technical Indicators
| Recent close | $39.90 |
| 30d moving avg. | $39.83 |
| Annualized volatility | 31.9% |
| Relative strength (RSI) | 46 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PICK |
Expenses vs. PICK |
ALTAR Score™ vs. PICK |
|---|---|---|---|---|
| MXI | iShares Global Materials ETF | 28.3% | +2 bp | -4.1% |
| GMET | VanEck Green Metals ETF | 25.6% | +24 bp | -1.3% |
| COPX | Global X Copper Miners ETF | 24.6% | +26 bp | -4.4% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 21.7% | +46 bp | -4.0% |
| GNR | SPDR S&P Global Natural Resources ETF | 21.5% | +1 bp | -2.8% |
| EWA | iShares MSCI Australia ETF | 21.2% | +11 bp | -5.8% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 20.6% | +7 bp | -3.4% |
| FLAU | Franklin FTSE Australia ETF | 19.7% | -30 bp | -5.4% |
| FMAT | Fidelity MSCI Materials Index ETF | 16.0% | -31 bp | -4.9% |
| XME | SPDR S&P Metals & Mining ETF | 15.9% | -4 bp | -3.9% |
Risk and Returns: PICK 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/28/2023
Peer Group Comparison Sample data. Subscribe for access.
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
PICK
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™
PICK
12.1%
Cat. Avg
4.2%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 12.1% |
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 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.2% and a standard deviation of
5.2%. PICK's ALTAR Score™ is approximately
1.5 standard deviations
above
the category average. This places PICK in the 94th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PICK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| PICK | 39.0 | 12.7 | 51.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .