iShares FactorSelect MSCI Global ETF
ALTAR
Score™
10.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.3x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares FactorSelect MSCI Global ETF tracks an index of large and midcap global equities. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics to the MSCI ACWI Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 30, 2015
Assets (mns) $90
Currency USD
Expense ratio 35 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 460
Wgt avg mkt cap (mns) $49,905
Large cap (>$10bn) 67.2%
Mid cap ($2-10bn) 31.7%
Small cap (<$2bn) 1.1%
Developed mkts 86.0%
Emerging mkts 13.7%

TOP TEN HOLDINGS
INTEL CORP 3.1 %
ROCHE HOLDING AG-GENUSSCHEIN 3.1 %
CHINA CONSTRUCTION BANK-H 1.9 %
ACCENTURE PLC-CL A 1.5 %
BIOGEN IDEC INC 1.5 %
INTUIT INC 1.4 %
CHINA MOBILE LIMITED 1.4 %
RIO TINTO PLC 1.3 %
PROGRESSIVE CORP 1.3 %
TARGET CORP 1.3 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.1 %
BRITAIN 6.2 %
CHINA 5.8 %
SWITZERLAND 5.3 %
HONG KONG 4.3 %
AUSTRALIA 3.6 %
JAPAN 3.4 %
CANADA 3.1 %
IRELAND 2.4 %
NETHERLANDS 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.2% -15.5% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 1.02 92%
MSCI EAFE 1.02 89%
MSCI Emg. Mkts. 0.81 82%

Technical Indicators
Recent close $23.07
30d moving avg. $25.68
Annualized volatility 16.2%
Short interest (ETF) 1.8%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 38
Turnover 1.0%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $70,093

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares FactorSelect MSCI Global ETF ETF based on the alternatives' overlap in portfolio holdings with ACWF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ACWF Expense: 35 bp ALTAR Score™: 10.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ACWF
Ticker Fund
Name
Overlap1
vs ACWF
(%)
Expense
ratio
(bp)
Savings
vs ACWF
(bp)
ALTAR
Score™
(%)
ALTAR
vs ACWF
(%)
LRGF iShares Edge MSCI Multifactor USA ETF 38.5 20 15 9.2 -1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 28.3 20 15 9.7 -0.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.2 17 18 9.2 -1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 26.7 20 15 9.6 -0.6
JHMM John Hancock Multifactor Mid Cap ETF 26.4 44 -9 8.4 -1.8
VO Vanguard Mid-Cap Index Fund 25.2 4 31 7.7 -2.5
INTF iShares Edge MSCI Multifactor Intl ETF 25.2 30 5 10.3 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 24.7 15 20 8.4 -1.8
EUSA iShares MSCI USA Equal Weighted ETF 24.6 15 20 8.6 -1.6
FLQL Franklin LibertyQ U.S. Equity ETF 24.1 15 20 8.2 -2.1
FEX First Trust Large Cap Core AlphaDEX Fund 24.0 60 -25 8.2 -2.0
SCIU Global X Scientific Beta US ETF 23.9 19 16 7.8 -2.5
IWR iShares Russell Midcap ETF 23.8 19 16 8.1 -2.1
CFA Victory CEMP US 500 Volatility Weighted Index ETF 23.8 35 0 8.2 -2.0
RSP Invesco S&P 500 Equal Weight ETF 23.2 20 15 8.9 -1.3
RNLC Large Cap US Equity Select ETF 21.7 60 -25 8.2 -2.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.6 24 11 8.5 -1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 21.6 9 26 8.5 -1.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.4 29 6 10.7 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 20.9 30 5 8.0 -2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 20.7 17 18 9.4 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.2 29 6 9.4 -0.8
ROUS Hartford Multifactor US Equity ETF 20.0 19 16 9.4 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 19.9 30 5 7.3 -2.9
FTA First Trust Large Cap Value AlphaDEX Fund 19.8 60 -25 12.4 +2.2
TPLC Timothy Plan US Large Cap Core ETF 19.6 52 -17 7.5 -2.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 19.5 19 16 7.7 -2.6
IWS iShares Russell Mid-Cap Value ETF 19.2 24 11 10.1 -0.1
TUSA First Trust Total US Market AlphaDEX ETF 19.1 70 -35 9.5 -0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 19.0 60 -25 9.2 -1.0
IWP iShares Russell Mid-Cap Growth ETF 18.5 24 11 6.1 -4.1
WLDR Affinity World Leaders Equity ETF 18.4 47 -12 12.7 +2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.3 19 16 8.5 -1.7
AFLG First Trust Active Factor Large Cap ETF 18.3 55 -20 7.8 -2.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 18.2 35 0 7.7 -2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 18.0 9 26 7.4 -2.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 17.9 20 15 10.6 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.8 75 -40 5.0 -5.2
JQUA JPMorgan U.S. Quality Factor ETF 17.7 12 23 6.7 -3.5
VALQ American Century STOXX U.S. Quality Value ETF 17.6 29 6 12.0 +1.8
PSET Principal Price Setters Index ETF 17.6 29 6 7.0 -3.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 17.3 30 5 8.7 -1.5
JHML John Hancock Multifactor Large Cap ETF 17.2 34 1 7.6 -2.6
FAB First Trust Multi Cap Value AlphaDEX Fund 17.1 71 -36 13.7 +3.5
QUS SPDR MSCI USA StrategicFactors ETF 17.1 15 20 7.4 -2.8
ETHO Etho Climate Leadership U.S. ETF 16.8 47 -12 6.8 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 16.7 30 5 7.5 -2.7
JPGE JPMorgan Diversified Return Global Equity ETF 16.6 29 6 9.3 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.3 29 6 8.2 -2.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 16.0 25 10 10.3 +0.1
VLUE iShares Edge MSCI USA Value Factor ETF 15.9 15 20 14.6 +4.4
VFQY Vanguard U.S. Quality Factor ETF 15.7 13 22 8.7 -1.6
ACWV iShares Edge MSCI Min Vol Global ETF 15.6 20 15 6.8 -3.4
HLAL Wahed FTSE USA Shariah ETF 15.4 50 -15 6.2 -4.0
VFMF Vanguard U.S. Multifactor ETF 15.4 18 17 11.2 +1.0
QUAL iShares MSCI Usa Quality Factor ETF 15.3 15 20 7.0 -3.2
EXT WisdomTree U.S. Total Earnings Fund 15.0 28 7 7.8 -2.4
AVUS Avantis U.S. Equity ETF 14.9 15 20 8.1 -2.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.9 15 20 9.0 -1.2
VOE Vanguard Mid-Cap Value Index Fund 14.9 7 28 11.0 +0.8
JVAL JPMorgan U.S. Value Factor ETF 14.8 12 23 12.2 +2.0
CLRG IQ Chaikin U.S. Large Cap ETF 14.8 25 10 8.5 -1.7
JMOM JPMorgan U.S. Momentum Factor ETF 14.6 12 23 5.3 -5.0
BFOR Barron's 400 ETF 14.5 66 -31 9.2 -1.0
SPHQ Invesco S&P 500 Quality ETF 14.4 15 20 6.5 -3.8
IUS Invesco Strategic US ETF 14.4 19 16 8.1 -2.1
USMF WisdomTree U.S. Multifactor Fund 14.2 28 7 8.3 -1.9
USMV iShares Edge MSCI Min Vol USA ETF 14.1 15 20 6.9 -3.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 14.0 29 6 5.7 -4.5
EQAL Invesco Russell 1000 Equal Weight ETF 14.0 20 15 7.7 -2.6
FTC First Trust Large Cap Growth AlphaDEX Fund 14.0 61 -26 4.5 -5.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 13.9 25 10 8.5 -1.7
RYT Invesco S&P 500 Equal Weight Technology ETF 13.9 40 -5 8.4 -1.8
RWL Invesco S&P 500 Revenue ETF 13.8 39 -4 9.3 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 13.7 39 -4 7.8 -2.4
JMIN JPMorgan U.S. Minimum Volatility ETF 13.7 12 23 7.3 -2.9
FLAG FLAG-Forensic Accounting Long Short ETF 13.5 152 -117 12.1 +1.9
REVS Columbia Research Enhanced Value ETF 13.4 19 16 10.0 -0.2
RAFE PIMCO RAFI ESG U.S. ETF 13.4 29 6 10.2 +0.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.3 29 6 10.8 +0.6
JKH iShares Morningstar Mid-Cap Growth ETF 13.3 30 5 3.6 -6.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 13.3 25 10 8.6 -1.7
VFVA Vanguard U.S. Value Factor ETF 13.3 13 22 16.9 +6.7
ONEY SPDR Russell 1000 Yield Focus ETF 13.3 20 15 12.4 +2.2
SCHM Schwab U.S. Mid-Cap ETF 13.2 4 31 9.2 -1.0
VEGN US Vegan Climate ETF 13.0 60 -25 7.2 -3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 12.9 25 10 8.6 -1.6
VONV Vanguard Russell 1000 Value Index Fund 12.9 8 27 9.4 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 12.8 15 20 6.8 -3.4
SPYB SPDR S&P 500 Buyback ETF 12.8 35 0 11.9 +1.6
VLU SPDR S&P 1500 Value Tilt ETF 12.8 12 23 9.8 -0.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.8 15 20 6.3 -3.9
JHMT John Hancock Multifactor Technology ETF 12.7 40 -5 6.9 -3.3
QLC FlexShares US Quality Large Cap Index Fund 12.7 32 3 7.5 -2.7
CFO Victory CEMP US 500 Enhanced Volatility Weighted Index ETF 12.7 35 0 8.2 -2.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 12.6 35 0 10.8 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.5 15 20 7.0 -3.2
IWD iShares Russell 1000 Value ETF 12.5 19 16 9.3 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 12.5 10 25 7.1 -3.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 12.5 10 25 7.1 -3.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares FactorSelect MSCI Global ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.