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.


Global

EQUITY

Passive

MANAGEMENT STYLE

39 bp

EXPENSES

$1.2 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock Funds/USA
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJan 31, 2012
Assets (mns)$1,236
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 13.0 %
RIO TINTO PLC 6.7 %
FREEPORT-MCMORAN COPPER 6.4 %
GLENCORE INTERNATIONAL PLC 5.6 %
ANGLO AMERICAN PLC 3.4 %
VALE SA 3.4 %
NUCOR CORP 3.4 %
RIO TINTO LTD 2.6 %
FORTESCUE METALS GROUP LTD 2.2 %
TECK RESOURCES LTD-CLS B 2.0 %
Constituent Breakdown
Number of holdings264
Herfindahl-Hirschman Index 378
Wgt avg mkt cap (mns)$49,510
Large cap (>$10bn)70.6%
Mid cap ($2-10bn)20.3%
Small cap (<$2bn)5.1%
Developed mkts.75.5%
Emerging mkts.24.5%
Country Exposure
AUSTRALIA 21.5 %
UNITED STATES 19.5 %
BRITAIN 11.4 %
CANADA 5.6 %
SWITZERLAND 5.6 %
INDIA 5.2 %
JAPAN 4.9 %
BRAZIL 4.3 %
SOUTH KOREA 2.4 %
MEXICO 1.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -9.1% -1.0% 8.5% 0.5% 10.1% 4.3% 2.2%
Volatility 19.7% 21.9% 27.5% 28.0% 31.2% 29.1% --
Market Correlations
versus...BetaR-squared
S&P 5001.0139%
MSCI EAFE1.3163%
MSCI Emg Mkts1.1852%
Liquidity Measures
Avg. volume (000)189
Turnover0.7%
Avg. Bid/Ask (% of price)0.17%
ADV of underlying (mns)$8,129
Technical Indicators
Recent close$42.49
30d moving avg.$44.00
Annualized volatility28.9%
Relative strength (RSI)43
Short interest (ETF)8.3%
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
  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 --%
0.9 11.9 1.4 3.3% --
Based on closing prices from 7/12/2024
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

11.7%

Cat. Avg

3.8%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™11.7%
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 352 funds in the Global category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.6%. PICK's ALTAR Score™ is approximately 1.7 standard deviations above the category average. This places PICK in the 96th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
PICK (39 bp) Percentile rank 30
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
PICK 39.0 16.5 55.5
Peer Avg. 55.0 27.9 82.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .