BKF
iShares MSCI BIC ETF
The iShares MSCI BRIC Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI BRIC Index. The index consists primarily of large cap stocks in Brazil, Russia, India and China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
84.0 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2007 |
| Assets (mns) | $84 |
| Expense ratio | 69 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 +
| TENCENT HOLDINGS LTD | 9.6 % |
| ALIBABA GROUP HOLDING LTD. | 6.1 % |
| HDFC BANK LIMITED | 2.7 % |
| XIAOMI CORP. CLASS B | 2.4 % |
| MEITUAN DIANPING | 2.3 % |
| RELIANCE INDUSTRIES LTD | 2.0 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.9 % |
| CHINA CONSTRUCTION BANK-H | 1.9 % |
| ICICI BANK LTD | 1.8 % |
| BYD CO LTD-H | 1.4 % |
Constituent Breakdown
| Number of holdings | 674 |
| Herfindahl-Hirschman Index | 190 |
| Wgt avg mkt cap (mns) | $138,134 |
| Large cap (>$10bn) | 86.0% |
| Mid cap ($2-10bn) | 12.8% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 10.7% |
| Emerging mkts. | 89.3% |
Country Exposure
 |
CHINA | 47.5 % |
 |
INDIA | 31.0 % |
 |
BRAZIL | 7.0 % |
 |
HONG KONG | 3.1 % |
 |
RUSSIA | 2.3 % |
 |
CAYMAN ISLANDS | 0.8 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.4% | 14.5% | 7.9% | -1.2% | -0.3% | 2.2% | -0.5% | Volatility | 17.3% | 18.5% | 18.2% | 22.8% | 24.8% | 22.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.45 | 14% |
| MSCI EAFE | 0.72 | 36% |
| MSCI Emg Mkts | 1.10 | 83% |
Liquidity Measures
| Avg. volume (000) | 30 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $42,777 |
Technical Indicators
| Recent close | $39.99 |
| 30d moving avg. | $39.88 |
| Annualized volatility | 20.9% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 1.1% |
| 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. BKF |
Expenses vs. BKF |
ALTAR Score™ vs. BKF |
|---|---|---|---|---|
| EEMA | iShares MSCI Emerging Markets Asia ETF | 56.3% | -20 bp | -2.3% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 51.2% | +1 bp | -3.2% |
| MCHI | iShares MSCI China ETF | 50.7% | -10 bp | +4.9% |
| EEM | iShares MSCI Emerging Markets ETF | 50.2% | 0 bp | -2.3% |
| GXC | SPDR S&P China ETF | 49.9% | -10 bp | +3.7% |
| FLCH | Franklin FTSE China ETF | 49.5% | -50 bp | +4.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 49.2% | -39 bp | -2.4% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 46.9% | -20 bp | -2.5% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 46.1% | -50 bp | -2.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 46.1% | -3 bp | -2.8% |
Risk and Returns: BKF 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/2/2025
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
BKF
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 Rating
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.
ALTAR Score™
BKF
13.0%
Cat. Avg
9.9%
ALTAR Score™ Calculation
Category Overview
There are 156 funds in the Emerging Equity category, with an average ALTAR Score™
of 9.9% and a standard deviation of
4.1%. BKF's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places BKF in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BKFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| BKF (69 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BKF | 69.0 | 24.2 | 93.2 |
| Peer Avg. | 50.8 | 27.2 | 78.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .