The iShares MSCI Argentina and Global Exposure ETF (AGT) is one of only two ETFs that exclusively target Argentine equities. The fund tracks an MSCI index of the largest and most-liquid companies. The portfolio includes a couple dozen stocks of companies that are either based in Argentina, listed on local markets or get at least 10% of their revenue from the country. The stocks are market-cap weighted, adjusted for free float, and no single stock can exceed 25% of the portfolio, and all companies weighted at more than 5% can’t exceed 50% combined.
AGT charges a relatively steep management fee for a passive fund, but investors for fast and easy exposure to Argentina via a U.S.-listed fund shouldn’t be deterred by a few extra basis points in fees. It is very slightly cheaper than its only rival, the Global X MSCI Argentina ETF (ARGT), which tracks the same index and has a substantially similar portfolio. ARGT is the older of the two funds, and a bit larger owing to first-mover advantage.
As with many country-specific funds, especially in emerging and frontier markets, liquidity can be a challenge, especially for institutional investors looking to place large block orders.
Investors looking for broad exposure to emerging markets can find cheaper one-stop-funds like the Vanguard FTSE Emerging Markets ETF (VWO), and those seeking frontier markets exposure might consider the iShares MSCI Frontier 100 ETF (FM), which isn’t as cheap as VWO but comes with a lower management fee than AGT.
This section compares how balanced and deep this ETF is relative to its peers.
| AGT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 26 | 9 | 26 |
| % of Assets in Top 10 | 73.86% | 84.78% | 73.88% |
| % of Assets in Top 15 | 88.85% | 88.50% | 88.86% |
| % of Assets in Top 50 | 99.99% | 91.67% | 99.99% |
| AGT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 41.10% | 3.43% | 41.12% |
| Mid (>2.7B) | 21.18% | 1.77% | 21.18% |
| Small (>600M) | 35.89% | 2.99% | 35.87% |
| Micro (<600M) | 1.83% | 0.15% | 1.84% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| AGT | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.05 | $ 0.69 | $ 0.04 |
| Dividend Date | 2021-06-10 | N/A | N/A |
| Annual Dividend Rate | $ 0.22 | $ 0.72 | $ 0.17 |
| Annual Dividend Yield | 0.74% | 1.42% | 0.53% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: -1.48 M 3 Month Net Flows: -1.48 M 6 Month Net Flows: -1.48 M 1 Year Net Flows: -1.48 M 3 Year Net Flows: -18.13 M 5 Year Net Flows: 9.45 M 10 Year Net Flows: 9.45 MView charts that break down the influence that fund flows and price had on overall assets.
The adjacent table gives investors an individual Realtime Rating for AGT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Leveraged Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| AGT |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.65% | 0.92% | -1.88% |
| 3 Month Return | 11.31% | 1.28% | 11.32% |
| YTD Return | 12.14% | 1.32% | 12.07% |
| 1 Year Return | 36.23% | 3.78% | 35.84% |
| 3 Year Return | 43.64% | 1.34% | 42.98% |
| 5 Year Return | N/A | -10.12% | 23.11% |
The following charts reflect the geographic spread of AGT's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.89% |
| Other | 0.1% |
| Country | Percentage |
|---|---|
| Argentina | 52.57% |
| Luxembourg | 25.03% |
| Chile | 10.39% |
| Canada | 9.03% |
| Uruguay | 2.87% |
| Other | 0.1% |
The following charts reflect the allocation of AGT's underlying holdings.
| Sector | Percentage |
|---|---|
| Retail Trade | 23.42% |
| Technology Services | 19.6% |
| Finance | 12.07% |
| Non-Energy Minerals | 11.06% |
| Consumer Non-Durables | 6.84% |
| Utilities | 6.29% |
| Energy Minerals | 6.06% |
| Consumer Services | 6.05% |
| Process Industries | 5.51% |
| Communications | 2.12% |
| Transportation | 0.87% |
| CASH | 0.1% |
| Market Cap | Percentage |
|---|---|
| Large | 41.1% |
| Small | 35.89% |
| Mid | 21.18% |
| Micro | 1.83% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 67.1% |
| American Depositary Receipt | 29.52% |
| Preferred Equity | 3.27% |
| CASH | 0.1% |
| Sector | Percentage |
|---|---|
| Retail Trade | 23.42% |
| Technology Services | 19.6% |
| Finance | 12.07% |
| Non-Energy Minerals | 11.06% |
| Consumer Non-Durables | 6.84% |
| Utilities | 6.29% |
| Energy Minerals | 6.06% |
| Consumer Services | 6.05% |
| Process Industries | 5.51% |
| Communications | 2.12% |
| Transportation | 0.87% |
| CASH | 0.1% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
A fact sheet is not available for this ETF. Please visit the AGT ETF home page for more information.
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