Summary
iShares MSCI South Africa ETF is an ETF - a fund traded on an exchange like a stock - run by IShares. Positions inside: 33. The ten largest make up 63% of the fund.
- Yearly costs
- 0.59%
- Fund size
- $438.8M
- Positions
- 33
- Dividend yield
- 7.69%
- Running since
- 2003
What speaks for it
- Easy to buy and sell: about $10.8M changes hands a day.
- It has been running since 2003.
What to watch
- The ten largest positions make up 63% of the fund, so its result rests on a few names.
- 85% of the fund is in one country (South Africa).
- Costs of 0.59% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 36% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.3%
- 3 months
- -4.5%
- This year
- -8.5%
- 1 year
- +2.5%
- 3 years
- +55%
- 5 years
- +31%
- 10 years
- +20%
- Avg. market cap
- $21.1B
- P/E
- 10.2x
- Forward P/E
- 8.8x
- P/S
- 1.2x
- P/B
- 1.2x
- P/FCF
- 8.5x
- EV/EBITDA
- 5.5x
- Dividend yield
- 2.19%
- ROIC
- 18.1%
- ROE
- 25.8%
- Gross margin
- 42.3%
- Operating margin
- 27.1%
- Net margin
- 20.7%
- Payout ratio
- 22.4%
- Net debt/EBITDA
- 0.9x
- Beta
- 1.12
Weighted average of the 27 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 ANAngloGold Ashanti Plc ANG.JO 12%
- 2 GFGold Fields Limited GFI.JO 8.5%
- 3 NPNaspers Limited NPN.JO 8.3%
- 4 FSFirstRand Limited FSR.JO 7.4%
- 5 SBStandard Bank Group Limited SBK.JO 6.4%
- 6 MTMTN Group Limited MTN.JO 4.9%
- 7 CPCapitec Bank Holdings Limited CPI.JO 4.8%
- 8 VAValterra Platinum Limited VAL.JO 3.8%
- 9 ABAbsa Group Limited ABG.JO 3.6%
- 10 SOSasol Limited SOL.JO 3.3%
Positions in the fund: 33. The ten largest make up 63% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One countryBy sector
- Real estate 1.8%
- Industrials 1.7%
- Other 97%
By country
- South Africa 85%
- United States 12%
By company size
- Large cap 74%
- Mid cap 26%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Real estate (1.8%). Largest country: South Africa (85%). Largest size group: Large cap (74%).
What does it cost me?
Expensive- A year from $10,000
- $59.00
- Over 20 years
- $2,828
From every $10,000 invested the fund takes $59.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,828.
How has it done?
Growing slowly- A year on average, 10 years
- +1.8%
- Deepest drop
- -36%
- Yearly volatility
- 33%
Average yearly growth over the last ten years: 1.8%. Deepest drop in these years: 36% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 7.69%
- Payments a year
- 2
- Last payment
- $1.43
Over the last 12 months it paid $5.05 per share, which is 7.69% of today's price. The last payment was $1.43 on Jun 15, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $10.8M
- Shares a day
- 164K
On an average day about $10.8M of the fund changes hands.
How expensive are the companies inside?
Rather cheap- P/E of the companies inside
- 10.2
- Average Bulios Score
- 74 out of 100
Weight by Bulios Fair Price
- Undervalued 49%
- Fairly valued 19%
- Overvalued 32%
On average the companies inside trade for 10.2 times their yearly profit. By Fair Price, 49% of the rated weight comes out as undervalued.
Counted from its largest companies (27), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IB IBC4.DE iShares MSCI South Africa UCITS ETF USD | Ireland | 0.65% | $231.2M | +12% | Reinvests | 93% |
ST STX40.JO Satrix 40 ETF | South Africa | 0.10% | $1.26B | +0.8% | Pays out | 79% |
FN FNBT40.JO FNB Top 40 ETF | South Africa | 0.12% | $233.7M | +1.1% | Pays out | 78% |
SY SYGT40.JO Sygnia Itrix Top 40 ETF | South Africa | 0.15% | $48.4M | +1.1% | Pays out | 77% |
ST STXRAF.JO Satrix RAFI 40 ETF | South Africa | 0.52% | $57.9K | +9.2% | Pays out | 56% |
AF AFK VanEck Africa Index ETF | United States | 0.76% | $91.1M | +10.0% | Pays out | 27% |