A strong management team and sound investment process underpin iShares MSCI Global Energy Producers ETF's Morningstar Medalist Rating of Silver. The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.  

 The strategy’s management team earns an Above Average People Pillar rating. The strategy's effective investment approach earns an Above Average Process Pillar rating.  Low volatility exposure is attributed to stocks with a lower standard deviation of returns. And a high yield exposure is rooted in holding high dividend-paying or buyback stocks. The strategy's parent organization earns the firm an Above Average Parent Pillar rating. People Pillar and Parent Pillar ratings for this strategy are indirectly assigned by a Morningstar analyst rather than algorithmically derived. Please see the notes following each pillar section for more details. The details of assigning methods can be found in each pillar section.

Analyst Rating

Exxon Mobil

Chevron

Shell PLC

TotalEnergies SE

ConocoPhillips

Canadian Natural Resources

EOG Resources

Marathon Petroleum

Pioneer Natural Resources

Valero Energy

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category benchmark on a risk-adjusted basis over the long term. iShares MSCI Global Energy Producers ETF earns an Above Average Process Pillar rating. The primary contributor to the rating is that this fund tracks an index. Historical data, such as Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The firm's five-year retention rate of 92% also buttresses the rating. Lastly, the process is limited by the fund's unremarkable long-term risk-adjusted performance. This can be seen in its five-year alpha calculated relative to the category index, which suggests that the process has struggled over that period.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to track the investment results of the MSCI ACWI Select Energy Producers Investable Market Index (IMI).  The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index measures the combined performance of equity securities of companies in both developed and emerging markets that are primarily engaged in the business of energy exploration and production. The fund is non-diversified. 

 The portfolio is overweight in energy by 12.7 percentage points in terms of assets compared with the category average, and its communication services allocation is similar to the category. The sectors with low exposure compared to category peers are utilities and industrials, with utilities underweighting the average portfolio by 7.3 percentage points of assets and industrials similar to the average. The strategy owns 279 securities and is quite concentrated. In particular, 58.0% of the fund’s assets are housed within the top 10 holdings, as opposed to the category average of 51.9%. And finally, in terms of portfolio turnover, on a year-over-year basis, 8% of the fund's holdings have changed, whether through increasing, decreasing, or changing a position.

Above Average

Process

iShares MSCI Global Energy Producers ETF's strong team drives the strategy's Above Average People Pillar rating. There are three managers listed on the fund: Paul Whitehead, Jennifer Hsui, Greg Savage. Experience on the team is abundant, with 18 years of average portfolio management experience. Together, they manage a total of 257 strategies, with a Silver asset-weighted average Morningstar Medalist Rating, indicating the potential to deliver positive alpha relative to the category median in aggregate.  

 Note: This People Pillar rating is indirectly assigned by an analyst. Morningstar analysts evaluate the People Pillar for passive products at the brand level and may also differentiate by asset class. There is at least one other passive strategy at the firm that is covered by a Morningstar analyst, so the People Pillar rating of the fund is inherited from the rating that the Morningstar analyst assigned to investment vehicles under the same brand name.

People

BlackRock offers compelling options across asset classes and vehicles. It earns an Above Average rating for Parent. 
The firm’s approximately USD 8 trillion in assets under management, as of Sept. 30, 2022, gives it unparalleled scale and influence. It is a market-leading index fund provider globally, and its iShares exchange-traded fund franchise offers a low-cost lineup of core funds that investors can use to build a well-diversified portfolio for dirt cheap. The firm can be more adventurous in its ETF launches than some peers, so not everything it launches is appropriate for the masses. As a result, it is likely to have more ETF closures than peers that stick to the basic building blocks.  
The firm’s active fixed-income and multi-asset efforts also stand out as some of the best in the industry. Those benefit from BlackRock’s commitment to building a first-class risk management system via its Aladdin analytics software. The software is also available for sale to other firms and has proved to be a popular option for competitors, a testament to its usefulness. 
More recently, the firm has shifted its focus to ESG offerings and incorporating ESG across its investment lineup, leading to a political backlash in the United States.
BlackRock isn’t the best at everything it tries to do, but retail investors, financial advisors, and large institutions could all build robust portfolios using BlackRock’s products.

Parent

iShares MSCI Global Energy Producers ETF

FILL tracks an index of companies in developed and emerging markets that are primarily engaged in the business of energy exploration and production.

The energy sector may regain momentum as oil prices rise and geopolitical risks increase. iShares MSCI Global Energy Producers ETF provides exposure to global energy companies beyond the US. FILL's portfolio includes major energy players worldwide, offering a diversified approach to investing in energy producers.

FILL: A Global Energy Play That Looks More And More Appealing

The iShares MSCI Global Energy Producers ETF is a global equity ETF that focuses on oil and gas majors. Oil has rallied over 28% since June, while FILL has moved up by only 13% given its beta to oil prices. Higher for longer oil prices into year-end will close that valuation gap.

FILL: Global Energy Equities, Attractive Valuation

FILL provides investors with diversified exposure to international oil powerhouses, including key players in Europe. The ETF's fortunes rise and fall in tandem with oil prices. Several of FILL's major holdings, including oil majors like Shell and BP, are undergoing strategic shifts.

Pump Or Dump? Understanding The Potential Of FILL ETF In An Unpredictable Oil Market

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Energy behemoth Chevron announced a $75 billion stock buyback program and a dividend hike on Jan 25, 2023.

Chevron ETFs to Buy on Buyback & 6% Dividend Hike

FILL invests in global energy producers that are engaged in oil, gas, and coal. The fund likely faces terminal decline from the 2030s onward, but the speed of the decline is difficult to predict.

FILL: Global Energy Producers Are Likely Undervalued

FILL and XLE are both 100% energy ETFs. However, Fill is far more diversified than XLE with regard to total holdings, top ten holdings, market cap representation, and geographical exposure.

FILL Beats XLE On Diversification

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Oil prices soared lately on news of zero new cases in China, U.S. FDA's full approval of Pfizer-BioNTech Covid-19 vaccine and the moderate strength in the greenback.

Is This the Time for Crude Oil & Energy ETFs?

Thanks to rising oil prices and a focus on renewable sources, the energy sector has been on an uptrend after a pandemic-ridden year. ETF investors looking beyond broad-based commodity plays can give the iShares MSCI Global Energy Producers ETF (FILL) a look.

FILL the Energy Void in Your Portfolio with This ETF

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Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to pre-COVID levels in a well supplied market.

News for iShares MSCI Global Energy Producers ETF ETF (FILL)