Ish msci gl met mining что это

iShares MSCI Global Metals & Mining Producers ETF (PICK)

Аналитика по iShares MSCI Global Metals & Mining Producers ETF

Специально для Investing.com. В 2021 году аналитики Goldman Sachs, специализирующиеся на сырьевых рынках, назвали медь «новой нефтью». По их оценкам, в 2025 году одна.

Первые месяцы 2022 года оказались очень неспокойными для различных активов, а также отражающих их динамику биржевых фондов (ETF). Инвесторы столкнулись с рядом проблем, включая.

iShares MSCI Global Metals & Mining Producers ETF

The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

The figures shown relate to past performance. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged fund benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: BlackRock

Distributions

Record Date	Ex-Date	Payable Date

Record Date	Ex-Date	Payable Date	Total Distribution	Income	ST Cap Gains	LT Cap Gains	Return on Capital

Returns

Discrete Annual
Annualized
Cumulative
Calendar Year

as of Dec 31, 2022

1Y	3Y	5Y	10y	Incept.
Total Return (%)	3.35	17.09	8.79	3.87	2.66
Benchmark (%)	3.31	17.26	9.06	4.05	2.80

YTD	1m	3M	6M	1Y	3Y	5Y	10y	Incept.
Total Return (%)	3.35	-2.27	24.11	17.59	3.35	60.55	52.39	46.15	33.16
Benchmark (%)	3.31	-1.03	23.53	18.06	3.31	61.22	54.31	48.68	35.19

2018	2019	2020	2021	2022
Total Return (%)	-18.51	16.48	26.97	22.35	3.35
Benchmark (%)	-18.02	16.75	27.24	22.65	3.31

Key Facts

Portfolio Characteristics

Sustainability Characteristics

Sustainability Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. For more information regarding the fund’s investment strategy, please see the fund’s prospectus.

Review the MSCI methodologies behind Sustainability Characteristics using the links below.

What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.

Climate change is one of the greatest challenges in human history and will have profound implications for investors. To address climate change, many of the world’s major countries have signed the Paris Agreement. The temperature goal of the Paris Agreement is to limit global warming to well below 2°C above pre-industrial levels, and ideally 1.5 °C, which will help us avoid the most severe impacts of climate change.

What is the ITR metric?

The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. A net zero emissions economy is one that balances emissions and removals.

How is the ITR metric calculated?

The ITR metric is calculated by looking at the current emissions intensity of companies within the fund’s portfolio as well as the potential for those companies to reduce its emissions over time. If emissions in the global economy followed the same trend as the emissions of companies within the fund’s portfolio, global temperatures would ultimately rise within this band.

Note, only corporate issuers are covered within the calculation. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.

Because the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

Thermometer-style chart of yellow to red temperature bands showing an investment’s position relative to the Paris Agreement temperature goals. Metric data source MSCI

What are the key assumptions and limitations of the ITR metric?

This forward-looking metric is calculated based on a model, which is dependent upon multiple assumptions. Also, there are limitations with the data inputs to the model. Importantly, an ITR metric may vary meaningfully across data providers for a variety of reasons due to methodological choices (e.g., differences in time horizons, the scope(s) of emissions included and portfolio aggregation calculations).

There is not a universally accepted way to calculate an ITR. There is not a universally agreed upon set of inputs for the calculation. At present, availability of input data varies across asset classes and markets. To the extent that data becomes more readily available and more accurate over time, we expect that ITR metric methodologies will evolve and may result in different outputs. Where data is not available, and / or if data changes, the estimation methods vary, particularly those related to a company’s future emissions.

The ITR metric estimates a fund’s alignment with the Paris Agreement temperature goal. However, there is no guarantee that these estimates will be reached. The ITR metric is not a real time estimate and may change over time, therefore it is prone to variance and may not always reflect a current estimate.

The ITR metric is not an indication or estimate of a fund’s performance or risk. Investors should not rely on this metric when making an investment decision and instead should refer to a fund’s prospectus and governing documents. This estimate and the associated information is not intended as a recommendation to invest in any fund, nor is it intended to indicate any correlation between a fund’s ITR metric and its future investment performance.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.

Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund’s investment strategy, please see the fund’s prospectus.

Review the MSCI methodology behind the Business Involvement metrics, using links below.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund’s market value exposure to the listed Business Involvement areas above.

Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

Ratings

Management Fee	0.39
Acquired Fund Fees and Expenses	0.00
Foreign Taxes and Other Expenses	0.00
Expense Ratio	0.39

Holdings

Issuer Ticker	Name	Sector	Asset Class	Market Value	Weight (%)	Notional Value	Shares	CUSIP	ISIN	SEDOL	Price	Location	Exchange	Currency	FX Rate	Accrual Date

In general, the values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

For Russian equity securities, as well as American Depositary Receipts and Global Depositary Receipts evidencing ownership of Russian equity securities and for which trading has been suspended, the calculated values are based on the Fund’s valuation price.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

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% of Market Value

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As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Since 1999, we’ve been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals.

Important Information

For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund’s index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.

Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.

Carefully consider the Funds’ investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares ETF and BlackRock Mutual Fund prospectus pages. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.

International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries.

Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and than the general securities market.

Negative changes in commodity markets could have an adverse impact on companies the Fund invests in. The price of the equity securities of companies engaged in mining and the price of the mined metals may not always be closely linked. Worldwide metal prices may fluctuate substantially over short periods of time, so the Fund’s share price may be more volatile than other types of investments.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Any applicable brokerage commissions will reduce returns. Beginning August 10, 2020, market price returns for BlackRock and iShares ETFs are calculated using the closing price and account for distributions from the fund. Prior to August 10, 2020, market price returns for BlackRock and iShares ETFs were calculated using the midpoint price and accounted for distributions from the fund. The midpoint is the average of the bid/ask prices at 4:00 PM ET (when NAV is normally determined for most ETFs). The returns shown do not represent the returns you would receive if you traded shares at other times.

Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Certain sectors and markets perform exceptionally well based on current market conditions and iShares Funds can benefit from that performance. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated.

Distribution Yield and 12m Trailing Yield results may have period over period volatility due to factors including tax considerations such as treatment of passive foreign investment companies (PFICs), treatment of defaulted bonds or excise tax requirements; exceptional corporate actions; seasonality of dividends from underlying holdings; significant fluctuations in fund shares outstanding; or fund capital gain distributions.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of «Characteristics and Risks of Standardized Options.» Copies of this document may be obtained from your broker, from any exchange on which options are traded or by contacting The Options Clearing Corporation, One North Wacker Dr., Suite 500, Chicago, IL 60606 (1-888-678-4667). The document contains information on options issued by The Options Clearing Corporation. The document discusses exchange traded options issued by The Options Clearing Corporation and is intended for educational purposes. No statement in the document should be construed as a recommendation to buy or sell a security or to provide investment advice.

If you need further information, please feel free to call the Options Industry Council Helpline. They will be able to provide you with balanced options education and tools to assist you with your iShares options questions and trading. The Options Industry Council Helpline phone number is 1-888-Options (1-888-678-4667) and its website is www.888options.com.

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iShares MSCI Global Metals & Mining Producers ETF

The iShares MSCI Global Metals & Mining Producers ETF (the “Fund”) seeks to track the investment results of an index composed of global equities of companies primarily engaged in mining, extraction or production of diversified metals, excluding gold and silver.

+36.5% last 12 months

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MSCI Global Metals & Mining Producers ETF PICK
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iShares MSCI Global Metals & Mining Producers ETF (PICK)

Аналитика по iShares MSCI Global Metals & Mining Producers ETF

От Энди Хект
• 10 мая 2022 г. •

От Тазджон Гечгил/Investing.com
• 01 мар. 2022 г. •

От Энди Хект
• 17 июн. 2020 г. •

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PICK: High Quality, Cost-Efficient ETF Tracking The Global Metals And Mining Sector

Michael A. Gayed, CFA profile picture

The iShares MSCI Global Metals & Mining Producers ETF ( BATS:PICK ) seeks to track the investment results of the MSCI ACWI Select Metals & Mining Producers ex Gold and Silver Investable Market Index (“Underlying Index”).

PICK offers investors access to the global mining sector. It invests in an international basket of companies engaged in the extraction and production of metals, such as aluminum and steel, and other precious metals (excluding gold & silver).

Compared with peers, PICK has a much more diversified portfolio, making it an ideal candidate for investors looking to get well-rounded exposure to the mining sector over a longer time frame.

The fund has been running since January 2012 and has amassed total assets of

$349Mn, which is one of the largest for a fund covering this space. Furthermore, its expense ratio of 0.39% makes it attractive for investors.

Global metals and mining producers saw a big rally in 2020 despite a slowing global economy. Industrial metals prices, such as copper, steel, and aluminum, which were already weakened by slowing global growth and U.S.-China trade tensions at the end of 2019, saw a further decline at the start of 2020 when the pandemic began to gain pace.

Industrial activity and base metal demand declined in China, the world’s largest consumer of commodities & metals. Supply chain interruptions and closures halted manufacturing activity globally and constrained overall supply.

However, Industrial metal prices saw a rebound post its March 2020 lows as the fear of the pandemic eased and optimism about expanding economic activity grew.

Commodities, which are generally priced in U.S. dollars, also benefited from the dollar’s depreciation relative to most major currencies as its stimulus measures drove interest rates to historic lows.

Over one year, PICK delivered returns of 49%, compared with 19% for the broader S&P Index. U.K. & Australian stocks contributed the most to PICK’s return, led by diversified metals and mining companies. We saw many diversified Anglo-Australian mining companies increase iron ore production amid strengthening industrial activity witnessed in China. Various government stimulus initiatives encouraged infrastructure projects, which drove up iron ore prices, a key ingredient used in the steel manufacturing process.

Pandemic-related closures of Brazilian mines decreased overall supply, which led Australian producers to increase iron ore shipments sharply. This led to iron ore prices increasing rapidly in a short period. As a result, few mining companies posted record profits and increased dividend payments to shareholders.

Constituent Holdings

PICK holds some of the most attractive metals & mining companies in its portfolio. Attached below is a list of its top 10 holdings, representing 53.26% of the ETF’s value.

Source: Seeking Alpha

BHP (BHP) and Rio Tinto (RIO) have the highest weightage in the portfolio. Besides these two, PICK’s top 5 holdings include Vale (VALE), the world’s second-largest iron ore producer and the largest producer of nickel, Anglo American (OTCQX:AAUKF), which is the world’s largest platinum producer, and Freeport-McMoRan (FCX). It also holds British metals trading giant Glencore (OTCPK:GLCNF) and Fortescue Metals Group (OTCQX:FSUMF), which is the 4 th largest iron ore producer based out of Australia.

Investors looking for exposure to more exotic non-precious metals like cobalt or lithium may be disappointed as the fund’s allocation to companies operating in these sub-segments is minuscule. The majority of PICK’s holdings are domiciled in foreign countries. The U.K. has the most prominent country weightage at 24.82%, followed by Australia and the U.S. at 21.59% and 11.46%, respectively. Attached below is a breakdown of the fund’s exposure by sub-segment.

Though far from its 2019 July highs, PICK’s dividend payout has been steadily increasing since January 2020. As explained earlier, the supply constraints caused by the pandemic forced the price of many metals & commodities to sky-rocket, delivering record profits for many of PICK’s holdings. This, in turn, led many mining companies to increase dividend payouts to shareholders. As commodity prices rise, we can expect this trend to continue.

Comparison With Other Metals & Mining ETFs

When compared with peers, PICK’s portfolio seems to be significantly undervalued. Below is a quick comparison of PICK and the various alternatives.

P/E

P/B

P/S

iShares MSCI Global Metals & Mining Producers ETF

9.38

1.65

1.05

iShares North American Natural Resources ETF (IGE)

18.19

1.56

1.35

VanEck Vectors Natural Resources ETF (HAP)

15.29

1.70

1.06

IndexIQ ETF Trust — IQ Global Resources ETF (GRES)

14.15

1.69

1.11

VanEck Vectors Rare Earth/Strategic Metals ETF (REMX)

40.70

3.35

1.43

iShares Global Materials ETF (MXI)

Ish msci gl met mining что это