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
876.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Funds/USA |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2012 |
| Assets (mns) | $876 |
| 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 | 13.1 % |
| RIO TINTO PLC | 6.8 % |
| FREEPORT-MCMORAN COPPER | 6.1 % |
| GLENCORE INTERNATIONAL PLC | 4.9 % |
| ANGLO AMERICAN PLC | 3.6 % |
| NUCOR CORP | 3.5 % |
| VALE SA | 3.3 % |
| RIO TINTO LTD | 2.7 % |
| STEEL DYNAMICS INC | 2.1 % |
| TECK RESOURCES LTD-CLS B | 2.1 % |
Constituent Breakdown
| Number of holdings | 253 |
| Herfindahl-Hirschman Index | 367 |
| Wgt avg mkt cap (mns) | $48,722 |
| Large cap (>$10bn) | 70.7% |
| Mid cap ($2-10bn) | 20.1% |
| Small cap (<$2bn) | 5.4% |
| Developed mkts. | 75.5% |
| Emerging mkts. | 23.4% |
Country Exposure
 |
AUSTRALIA | 21.1 % |
 |
UNITED STATES | 20.6 % |
 |
BRITAIN | 11.5 % |
 |
CANADA | 5.6 % |
 |
INDIA | 5.4 % |
 |
SWITZERLAND | 4.9 % |
 |
JAPAN | 4.7 % |
 |
BRAZIL | 4.2 % |
 |
SOUTH KOREA | 2.1 % |
 |
CHINA | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -10.7% | 5.0% | 8.1% | 2.0% | 12.0% | 5.6% | 2.0% | Volatility | 21.8% | 22.2% | 24.6% | 27.7% | 31.5% | 29.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 37% |
| MSCI EAFE | 1.27 | 60% |
| MSCI Emg Mkts | 1.29 | 60% |
Liquidity Measures
| Avg. volume (000) | 209 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $5,952 |
Technical Indicators
| Recent close | $39.29 |
| 30d moving avg. | $41.66 |
| Annualized volatility | 28.8% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 11.4% |
| 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 |
|---|---|---|---|---|
| ICOP | iShares Copper and Metals Mining ETF | 33.2% | +8 bp | -2.8% |
| MXI | iShares Global Materials ETF | 26.1% | +2 bp | -5.9% |
| GMET | VanEck Green Metals ETF | 25.5% | +24 bp | -2.2% |
| COPX | Global X Copper Miners ETF | 24.1% | +26 bp | -4.7% |
| COPA | Themes Copper Miners ETF | 23.6% | -4 bp | -5.6% |
| GNR | SPDR S&P Global Natural Resources ETF | 22.1% | +1 bp | -3.2% |
| CRIT | Optica Rare Earths & Critical Materials ETF Optica Rare Eart | 21.5% | +46 bp | -4.3% |
| GUNR | FlexShares Morningstar Global Upstream Natural Resources Ind | 20.3% | +7 bp | -3.6% |
| XME | SPDR S&P Metals & Mining ETF | 18.0% | -4 bp | -4.8% |
| IYM | iShares U.S. Basic Materials ETF | 16.6% | +1 bp | -6.2% |
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
| 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 | --% |
Based on closing prices from 11/21/2024
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 Rating
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.
ALTAR Score™
PICK
12.8%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. PICK's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places PICK in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PICKSELL
U/W
HOLD
O/W
BUY
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 | 31 |
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. | 49.9 | 29.4 | 79.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .