iShares Emerging Markets Infrastructure ETF
ALTAR
Score™		 2.9% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 9.7x P/Sales
ratio		 0.9x
P/BV
ratio		 1.0x Div.
yield		 5.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Emerging Markets Infrastructure Index Fund seeks investment results that correspond to the price and yield performance of the the S&P Emerging Markets Infrastructure Index Fund.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 16, 2009
Assets (mns) $13
Currency USD
Expense ratio 60 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $9,585
Large cap (>$10bn) 28.3%
Mid cap ($2-10bn) 64.2%
Small cap (<$2bn) 1.6%
Developed mkts 21.4%
Emerging mkts 72.4%

TOP TEN HOLDINGS
GRUPO AEROPORTUARIO PAC-ADR 9.9 %
AIRPORTS OF THAILAND PC-NVDR 9.7 %
CIA SANEAMENTO BASICO DE-ADR 8.2 %
ADNOC DRILLING COMPANY PJSC 6.4 %
GRUPO AEROPORTUARIO SUR-ADR 5.4 %
QATAR GAS TRANSPORT(NAKILAT) 5.1 %
CHINA SHIPPING DEVELOPMENT-H 4.6 %
GRUPO AEROPORTUARIO CEN-ADR 4.1 %
MOTIVA INFRAESTRUTURA DE MOBILIDAD 3.9 %
CIA PARANAENSE DE ENER-ADR 3.8 %
Total 61.0 %

TOP COUNTRY EXPOSURE
MEXICO 18.7 %
CHINA 17.2 %
HONG KONG 14.7 %
BRAZIL 11.1 %
THAILAND 9.5 %
ABU DHABI 6.2 %
QATAR 5.1 %
UNITED STATES 3.9 %
SOUTH KOREA 3.5 %
NORWAY 2.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% 6.8% 4.5% 1.6% 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.65 28%
MSCI EAFE 0.65 42%
MSCI Emg. Mkts. 0.39 38%

Technical Indicators
Recent close $26.32
30d moving avg. $26.02
Annualized volatility 14.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $348

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 162 potential alternatives to the iShares Emerging Markets Infrastructure ETF ETF based on the alternatives' overlap in portfolio holdings with EMIF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMIF Expense: 60 bp ALTAR Score™: 2.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMIF
Ticker Fund
Name		 Overlap1
vs EMIF
(%)		 Expense
ratio
(bp)		 Savings
vs EMIF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EMIF
(%)
GII SPDR S&P Global Infrastructure ETF 10.9 40 20 4.7 +1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.8 80 -20 7.1 +4.2
TBLU Tortoise Global Water ESG ETF 4.7 40 20 4.8 +1.9
QAT iShares MSCI Qatar ETF 4.7 59 1 58.2 +55.3
THD iShares MSCI Thailand ETF 4.5 58 2 0.0 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.9 29 31 9.2 +6.2
BRAZ Global X Brazil Active ETF 3.8 75 -15 10.1 +7.2
BOAT SonicShares Global Shipping ETF 2.9 69 -9 16.8 +13.9
CNRG State Street SPDR S&P Kensho Clean Power ETF 2.8 45 15 0.1 -2.9
UAE iShares MSCI UAE ETF 2.7 59 1 0.0 -2.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.7 46 14 5.7 +2.8
FCA First Trust China AlphaDEX Fund 2.6 80 -20 9.1 +6.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.6 70 -10 9.9 +7.0
OBOR KraneShares MSCI One Belt One Road Index ETF 2.5 79 -19 7.3 +4.4
PXJ Invesco Oil & Gas Services ETF 2.4 63 -3 2.7 -0.3
ECNS iShares MSCI China Small-Cap ETF 2.2 59 1 10.5 +7.6
EDIV SPDR S&P Emerging Markets Dividend ETF 2.2 49 11 9.4 +6.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 2.1 40 20 6.1 +3.2
EBLU Ecofin Global Water ESG Fund 2.0 40 20 4.5 +1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 2.0 67 -7 12.5 +9.6
FAN First Trust Global Wind Energy ETF 1.9 60 0 3.2 +0.2
SMOG VanEck Low Carbon Energy ETF 1.9 61 -1 1.4 -1.6
VCLN Virtus Duff & Phelps Clean Energy ETF 1.9 59 1 2.8 -0.1
IDOG ALPS International Sector Dividend Dogs ETF 1.9 50 10 9.6 +6.7
AQWA Global X Clean Water ETF 1.8 50 10 5.4 +2.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.7 60 0 11.1 +8.2
DVYE iShares Emerging Markets Dividend ETF 1.6 49 11 17.8 +14.8
ABLD Abacus FCF Real Assets Leaders ETF 1.6 69 -9 6.8 +3.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.5 80 -20 6.8 +3.8
FRNW Fidelity Clean Energy ETF 1.5 39 21 2.2 -0.8
KGRN KraneShares MSCI China Clean Technology Index ETF 1.5 79 -19 4.4 +1.5
RNRG Global X Renewable Energy Producers ETF 1.5 66 -6 5.2 +2.3
FID First Trust S&P International Dividend Aristocrats ETF 1.4 60 0 7.8 +4.8
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 1.4 79 -19 3.8 +0.8
ILF iShares Latin America 40 ETF 1.3 48 12 9.7 +6.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.2 45 15 9.9 +6.9
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 21 8.4 +5.5
ASEA Global X FTSE Southeast Asia ETF 1.2 65 -5 5.2 +2.3
AVEM Avantis Emerging Markets Equity ETF 1.2 33 27 6.9 +4.0
ICLN iShares Global Clean Energy ETF 1.2 41 19 2.2 -0.7
FLCH Franklin FTSE China ETF 1.2 19 41 19.9 +17.0
GXC SPDR S & P China ETF 1.2 59 1 20.5 +17.6
FIW First Trust Water ETF 1.1 53 7 5.4 +2.4
WDIV SPDR S&P Global Dividend ETF 1.1 40 20 9.2 +6.2
PHO Invesco Water Resources ETF 1.1 60 0 5.2 +2.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -20 8.7 +5.8
MCHI iShares MSCI China ETF 1.0 59 1 22.3 +19.4
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 1 9.9 +6.9
JETS U.S. Global Jets ETF 1.0 60 0 2.7 -0.2
VRAI Virtus Real Asset Income ETF 0.9 55 5 8.7 +5.7
EMMF WisdomTree Emerging Markets Multifactor Fund 0.9 48 12 8.6 +5.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -28 8.5 +5.6
DTEC ALPS Disruptive Technologies ETF 0.8 50 10 3.5 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.8 47 13 5.3 +2.4
AVES Avantis Emerging Markets Value ETF 0.7 36 24 9.0 +6.0
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 13 7.5 +4.6
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 16 7.5 +4.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.7 33 27 6.5 +3.6
EMC Global X Emerging Markets Great Consumer ETF 0.7 75 -15 7.1 +4.2
EMM Global X Emerging Markets ex-China ETF 0.7 75 -15 4.6 +1.6
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 -3 10.1 +7.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.7 44 16 9.7 +6.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 18 7.6 +4.7
SPEM SPDR Portfolio Emerging Markets ETF 0.6 7 53 9.5 +6.6
BKF iShares MSCI BIC ETF 0.6 69 -9 15.7 +12.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 22 6.9 +4.0
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.6 33 27 5.9 +3.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.6 25 35 6.0 +3.0
SHPP Pacer Industrials and Logistics ETF 0.6 60 0 6.8 +3.9
NUEM Nuveen ESG Emerging Markets Equity ETF 0.6 36 24 5.8 +2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.6 30 30 7.4 +4.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.6 49 11 8.6 +5.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 25 10.0 +7.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 19 6.8 +3.9
DFAE Dimensional Emerging Core Equity Market ETF 0.5 35 25 6.9 +4.0
VIDI Vident International Equity Strategy ETF 0.5 61 -1 8.2 +5.3
UIVM VictoryShares International Value Momentum ETF 0.5 35 25 8.1 +5.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 58 2 8.6 +5.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 13 7.2 +4.3
EEMA iShares MSCI Emerging Markets Asia ETF 0.4 49 11 7.4 +4.5
SCHE Schwab Emerging Markets Equity ETF 0.4 11 49 9.5 +6.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 11 13.4 +10.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 10 7.9 +5.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 21 13.4 +10.5
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 0.4 90 -30 3.3 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 15 8.0 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 49 24.1 +21.1
APIE ActivePassive International Equity ETF 0.4 45 15 6.5 +3.5
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 43 12.9 +9.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 24 7.5 +4.6
VWO Vanguard FTSE Emerging Markets ETF 0.4 7 53 9.3 +6.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.4 15 45 8.0 +5.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 11 4.8 +1.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.3 53 7 4.9 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 0.3 19 41 7.0 +4.1
DEHP Dimensional Emerging Markets High Profitability ETF 0.3 41 19 4.8 +1.9
EEM iShares MSCI Emerging Markets ETF 0.3 69 -9 7.7 +4.8
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.3 69 -9 7.6 +4.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.3 49 11 7.5 +4.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 66 -6 7.3 +4.4
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.3 20 40 0.8 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 0.3 9 51 8.1 +5.2
JIVE JPMorgan International Value ETF 0.3 55 5 8.1 +5.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.3 70 -10 6.8 +3.8
XCEM Columbia EM Core ex-China ETF 0.3 16 44 4.8 +1.8
ECON Columbia Emerging Markets Consumer ETF 0.3 49 11 6.4 +3.5
DFEV Dimensional Emerging Markets Value ETF 0.3 43 17 9.1 +6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 1 8.4 +5.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.2 30 30 7.9 +4.9
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -2 3.6 +0.7
TRFM AAM Transformers ETF 0.2 49 11 1.0 -2.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.2 20 40 5.8 +2.8
FDEM Fidelity Emerging Markets Multifactor ETF 0.2 25 35 10.5 +7.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 30 6.4 +3.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 40 4.7 +1.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.2 70 -10 6.4 +3.5
VYMI Vanguard International High Dividend Yield ETF 0.2 17 43 8.0 +5.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.2 46 14 7.8 +4.9
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 44 6.6 +3.6
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 45 5.6 +2.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 35 4.9 +2.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.2 24 36 5.0 +2.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.2 18 42 6.4 +3.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 30 6.4 +3.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 27 6.7 +3.7
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -15 8.2 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 45 8.9 +6.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 26 6.4 +3.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 4 56 6.7 +3.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.1 32 28 4.6 +1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 19 5.9 +3.0
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 53 6.6 +3.7
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 53 5.6 +2.7
VXUS Vanguard Total International Stock ETF 0.1 5 55 6.6 +3.7
EXI iShares Global Industrials ETF 0.1 42 18 3.7 +0.8
XT iShares Exponential Technologies ETF 0.1 46 14 3.8 +0.9
FRDM Freedom 100 Emerging Markets ETF 0.1 49 11 5.2 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 21 7.0 +4.1
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.1 80 -20 8.7 +5.7
ACWI iShares MSCI ACWI ETF 0.0 32 28 4.6 +1.7
EEMO Invesco S&P Emerging Markets Momentum ETF 0.0 29 31 6.2 +3.2
DFIS Dimensional International Small Cap ETF 0.0 39 21 6.2 +3.2
GLOF iShares Global Equity Factor ETF 0.0 20 40 5.5 +2.5
VT Vanguard Total World Stock ETF 0.0 6 54 5.0 +2.1
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -29 4.3 +1.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -5 6.7 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 57 5.8 +2.9
EMGF iShares Emerging Markets Equity Factor ETF 0.0 25 35 8.8 +5.9
VSGX Vanguard ESG International Stock ETF 0.0 10 50 6.6 +3.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 4.8 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 35 7.4 +4.4
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 42 0.0 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 15 6.8 +3.9
IQSI IQ Candriam International Equity ETF 0.0 15 45 5.6 +2.7
BKIE BNY Mellon International Equity ETF 0.0 4 56 18.1 +15.2
DEW WisdomTree Global High Dividend Fund 0.0 58 2 7.4 +4.4
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 40 5.9 +3.0
SPEU SPDR Portfolio Europe ETF 0.0 7 53 6.8 +3.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 37 6.3 +3.4
DFAI Dimensional International Core Equity Market ETF 0.0 18 42 6.1 +3.2
DXIV Dimensional International Vector Equity ETF 0.0 34 26 6.7 +3.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 21 6.3 +3.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares Emerging Markets Infrastructure ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.3 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.53
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.