FM

iShares MSCI Frontier 100 ETF
*Unless otherwise stated, data provided by FactSet.

FM Fund Description

FM tracks a cap-weighted index of the 100 largest companies from the 20 countries classified as frontier markets by MSCI.

FM Factset Analytics Insight

FM seeks exposure to untapped, high-growth markets like Kuwait and Argentina (to name a couple). Its index consists of the 100 largest frontier market companies, screened for liquidity and investability, from the MSCI Frontier Markets 100 Index. Its emphasis on the tradability of its constituent securities, rather than other factors, makes for less-than-marketlike exposure, and FM excludes large caps entirely from its basket. It also features some major geographic tilts toward Kuwait, Argentina, and Pakistan. Overall, FM has a reasonable but particular take on these frontier markets. It's a solid way to access the frontier space for retail traders. Spreads can be fairly wide at times, but still manageable, and trading activity is steady. Larger investors should be careful: FM's holdings are relatively illiquid, so a creation unit could significantly move the underlying markets. FM's expense ratio is high for a cap-weighted fund and weighs heavily on its Efficiency score. Loose tracking means that realized expenses have been even higher.

FM MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

FM Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Compare
Reset
Select ETFs to compare their performance:
PERFORMANCE [as of 08/05/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FM 0.25% 8.16% -18.17% -14.18% -2.75% 0.38% --
FM (NAV) 0.43% 7.04% -17.99% -16.41% -3.23% -0.08% --
MSCI Frontier Markets 100 Index 1.27% 7.38% -15.92% -13.73% -2.00% 1.79% --
MSCI Frontier Markets Index 0.71% 8.66% -14.86% -11.84% -1.89% 0.70% 2.93%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FM Summary Data

Blackrock
iShares
09/12/12
Open-Ended Fund
0.79%
$348.05M
$2.49M
0.48%
FRN

FM Portfolio Data

$6.58B
9.59
1.41
3.30%
12/14/20
103

FM Index Data

Market Cap
Market Cap
MSCI Frontier Markets Index

FM Portfolio Management

0.79%
-1.19%
-0.83%
-3.22%

FM Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FM Fund Structure

Open-Ended Fund
No
Yes
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FM Factset Analytics Block Liquidity

As of 08/06/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FM. FM is rated a 2 out of 5.

FM Tradability

103,484
$2.49M
57,536
$1.40M
0.48%
$0.12
-1.07%
2.17% / -7.99%
None
0.00%
50,000
1.15
0.00%
3.72%
360
$24.06
2

FM Sector/Industry Breakdown


FM
Segment Benchmark
55.38%
62.26%
15.58%
13.63%
8.96%
7.92%
6.03%
3.57%
5.24%
3.80%
4.06%
4.16%
2.76%
3.40%
1.07%
0.85%
0.93%
0.24%

FM Top 10 Holdings[View All]

10.83%
5.51%
5.02%
4.44%
3.78%
3.39%
2.80%
2.77%
2.68%
2.13%
43.35%

FM Countries


FM
Segment Benchmark
27.63%
36.99%
13.03%
17.72%
9.31%
8.21%
8.77%
4.80%
8.56%
4.84%
8.05%
4.88%
7.08%
4.39%
5.82%
1.95%
3.77%
1.90%
3.53%
2.24%

FM Regions


FM
Segment Benchmark
70.08%
69.27%
20.00%
20.44%
9.92%
10.29%

FM Economic Development


FM
Segment Benchmark
99.24%
96.49%
0.76%
3.51%

FM Performance Statistics

0.94
0.93
0.93
0.93
0.34%
MSCI Frontier Markets Index

FM Benchmark Comparison Holdings

103
88
57
65.34%

FM Benchmark Comparison Summary


FM
Segment Benchmark
103
88
$6.58B
$8.24B
9.59
11.27
1.41
1.59
5.11%
4.36%
Medium
High

FM Benchmark Comparison Market Cap Size


FM
Segment Benchmark
20.02%
30.75%
40.87%
42.04%
29.52%
25.16%
9.59%
2.06%