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)
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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
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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
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 | |
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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 .