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.


Passive, Concentrated

MANAGEMENT MATRIX

GMET

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock Funds/USA
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJan 31, 2012
Assets (mns)$1,420
Expense ratio39 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
BHP BILLITON LTD 13.8 %
RIO TINTO PLC 6.7 %
GLENCORE INTERNATIONAL PLC 5.8 %
VALE SA 5.5 %
FREEPORT-MCMORAN COPPER 4.9 %
ANGLO AMERICAN PLC 4.5 %
NUCOR CORP 3.6 %
RIO TINTO LTD 2.4 %
FORTESCUE METALS GROUP LTD 2.0 %
STEEL DYNAMICS INC 1.8 %
Constituent Breakdown
Number of holdings253
Herfindahl-Hirschman Index 401
Wgt avg mkt cap (mns)$9,424
Large cap (>$10bn)30.6%
Mid cap ($2-10bn)21.5%
Small cap (<$2bn)7.0%
Developed mkts.74.7%
Emerging mkts.25.3%
Country Exposure
AUSTRALIA 25.5 %
UNITED STATES 17.1 %
BRITAIN 12.0 %
BRAZIL 6.6 %
SWITZERLAND 5.8 %
CANADA 4.8 %
JAPAN 3.7 %
SOUTH AFRICA 2.8 %
SOUTH KOREA 2.4 %
INDIA 2.2 %
Historical Performance


Standardized Annual Returns (as of 10/31/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-13.1% -9.6% 21.6% 14.4% 7.2% 2.7% --
Market Correlations
versus...BetaR-squared
S&P 5001.1659%
MSCI EAFE1.3572%
MSCI Emg Mkts1.1352%
Liquidity Measures
Avg. volume (000)271
Turnover0.8%
Avg. Bid/Ask (% of price)0.17%
ADV of underlying (mns)$8,498
Technical Indicators
Recent close$41.42
30d moving avg.$37.70
Annualized volatility31.5%
Relative strength (RSI)65
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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Risk and Returns: PICK vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2021 2022E Fwd Est 2023E
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 --%
0.8 9.2 1.4 5.0% --
Based on closing prices from 11/25/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

11.4%

Cat. Avg

4.1%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™11.4%
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 335 funds in the Global Equities category, with an average ALTAR Score™ of 4.1% and a standard deviation of 4.6%. PICK's ALTAR Score™ is approximately 1.6 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

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PICK
Peer Average
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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 17.1 56.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.