iShares FactorSelect MSCI Global ETF
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
1.2x
P/BV
ratio
1.9x Div.
yield
2.2%


  • 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 28, 2015
Assets (mns) $81
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 445
Wgt avg mkt cap (mns) $94,627
Large cap (>$10bn) 78.6%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 0.6%
Developed mkts 88.1%
Emerging mkts 11.6%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
INTEL CORP 2.0 %
INTUIT INC 1.7 %
TARGET CORP 1.6 %
ACCENTURE PLC-CL A 1.6 %
ANTHEM INC 1.4 %
APPLE INC 1.4 %
CHINA CONSTRUCTION BANK-H 1.3 %
RIO TINTO PLC 1.3 %
MICRON TECHNOLOGY INC 1.2 %
Total 15.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.6 %
BRITAIN 6.3 %
CHINA 5.9 %
SWITZERLAND 4.5 %
JAPAN 3.6 %
CANADA 3.3 %
HONG KONG 2.9 %
NETHERLANDS 2.6 %
IRELAND 2.5 %
AUSTRALIA 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.9% 4.8% 8.0% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.96 93%
MSCI EAFE 1.04 90%
MSCI Emg. Mkts. 0.79 81%

Technical Indicators
Recent close $30.57
30d moving avg. $30.00
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 64
Turnover 2.4%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $80,090

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 7.8%


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 43.5 20 15 7.0 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 31.5 17 18 6.2 -1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 29.4 20 15 6.2 -1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 29.2 20 15 6.8 -1.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 26.7 30 5 6.4 -1.4
SCIU Global X Scientific Beta US ETF 26.6 19 16 0.0 -7.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.4 75 -40 3.7 -4.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 25.7 4 31 5.2 -2.6
FLQL Franklin LibertyQ U.S. Equity ETF 25.7 15 20 6.0 -1.8
JHMM John Hancock Multifactor Mid Cap ETF 24.9 42 -7 5.4 -2.4
TPLC Timothy Plan US Large Cap Core ETF 24.7 52 -17 5.2 -2.6
VO Vanguard Mid-Cap Index Fund 24.5 4 31 5.1 -2.7
AFLG First Trust Active Factor Large Cap ETF 24.4 55 -20 5.3 -2.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 24.3 35 0 5.6 -2.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 24.3 35 0 5.6 -2.2
SIZE iShares Edge MSCI USA Size Factor ETF 24.1 15 20 5.9 -1.9
ROUS Hartford Multifactor US Equity ETF 24.0 19 16 6.3 -1.5
RSP Invesco S&P 500 Equal Weight ETF 23.9 20 15 6.4 -1.4
EUSA iShares MSCI USA Equal Weighted ETF 23.8 15 20 6.0 -1.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.8 17 18 6.7 -1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.6 20 15 7.4 -0.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 23.0 24 11 5.9 -1.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 22.7 9 26 5.8 -2.0
INTF iShares Edge MSCI Multifactor Intl ETF 22.7 30 5 7.9 +0.1
IWR iShares Russell Midcap ETF 22.2 19 16 5.3 -2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 21.9 19 16 5.9 -1.9
IWS iShares Russell Mid-Cap Value ETF 21.9 24 11 6.8 -1.0
FEX First Trust Large Cap Core AlphaDEX Fund 21.4 60 -25 5.7 -2.1
RNLC Large Cap US Equity Select ETF 21.3 60 -25 6.0 -1.8
JQUA JPMorgan U.S. Quality Factor ETF 21.1 12 23 5.2 -2.6
QUAL iShares MSCI Usa Quality Factor ETF 21.0 15 20 5.3 -2.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 20.6 9 26 5.4 -2.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.6 35 0 5.3 -2.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 19.9 29 6 7.4 -0.4
PSET Principal Price Setters Index ETF 19.8 15 20 4.8 -3.0
VLUE iShares Edge MSCI USA Value Factor ETF 19.8 15 20 11.2 +3.4
JHML John Hancock Multifactor Large Cap ETF 19.6 29 6 5.3 -2.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 19.5 29 6 6.7 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 19.4 15 20 5.7 -2.1
VALQ American Century STOXX U.S. Quality Value ETF 19.3 29 6 8.7 +1.0
EXT WisdomTree U.S. Total Earnings Fund 19.2 28 7 5.4 -2.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.2 18 17 6.0 -1.8
RBUS Nationwide Risk-Based U.S. Equity ETF 19.1 30 5 4.5 -3.3
JVAL JPMorgan U.S. Value Factor ETF 19.0 12 23 8.2 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 18.9 30 5 6.0 -1.8
DSTL Distillate US Fundamental Stability & Value ETF 18.9 39 -4 5.9 -1.9
SPGP Invesco S&P 500 GARP ETF 18.7 34 1 6.8 -1.0
VFQY Vanguard U.S. Quality Factor ETF 18.6 13 22 6.3 -1.5
JMOM JPMorgan U.S. Momentum Factor ETF 18.5 12 23 3.3 -4.5
VFMF Vanguard U.S. Multifactor ETF 18.3 19 16 7.2 -0.6
USMF WisdomTree U.S. Multifactor Fund 18.2 28 7 5.7 -2.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.0 30 5 5.5 -2.3
FVL First Trust Value Line 100 Exchange-Traded Fund 17.9 70 -35 5.2 -2.6
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 17.8 35 0 4.4 -3.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 17.8 59 -24 4.2 -3.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.8 29 6 5.8 -2.0
GBGR Global Beta Momentum-Growth ETF 17.7 29 6 5.2 -2.6
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 17.4 25 10 7.4 -0.4
RYT Invesco S&P 500 Equal Weight Technology ETF 17.3 40 -5 6.5 -1.3
RWL Invesco S&P 500 Revenue ETF 17.1 39 -4 7.1 -0.7
AVUS Avantis U.S. Equity ETF 17.1 15 20 5.4 -2.4
HLAL Wahed FTSE USA Shariah ETF 16.8 50 -15 4.3 -3.5
IUS Invesco Strategic US ETF 16.5 19 16 6.3 -1.5
FTA First Trust Large Cap Value AlphaDEX Fund 16.4 60 -25 9.0 +1.2
FTC First Trust Large Cap Growth AlphaDEX Fund 16.3 61 -26 2.6 -5.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.2 15 20 4.0 -3.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.2 25 10 6.6 -1.2
JHMT John Hancock Multifactor Technology ETF 16.2 40 -5 4.6 -3.2
FVAL Fidelity Value Factor ETF 16.2 29 6 7.6 -0.2
TUSA First Trust Total US Market AlphaDEX ETF 16.0 70 -35 5.6 -2.2
QLC FlexShares US Quality Large Cap Index Fund 15.9 32 3 5.0 -2.8
QGRO American Century STOXX U.S. Quality Growth ETF 15.7 29 6 3.6 -4.2
CATH Global X S&P 500 Catholic Values Custom ETF 15.6 29 6 5.0 -2.8
SUSA iShares MSCI USA ESG Select ETF 15.6 25 10 4.6 -3.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 15.6 15 20 6.6 -1.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.6 25 10 5.8 -2.0
FCPI Fidelity Stocks for Inflation ETF 15.4 29 6 6.2 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 15.4 25 10 6.6 -1.2
RPG Invesco S&P 500 Pure Growth ETF 15.4 35 0 4.3 -3.5
SPHQ Invesco S&P 500 Quality ETF 15.3 15 20 4.5 -3.3
FAB First Trust Multi Cap Value AlphaDEX Fund 15.2 71 -36 9.5 +1.7
QSY WisdomTree U.S. LargeCap Value Fund 15.2 38 -3 6.5 -1.3
BFOR Barron's 400 ETF 15.1 65 -30 6.3 -1.5
VEGN US Vegan Climate ETF 15.0 60 -25 4.9 -2.9
KRMA Global X Conscious Companies ETF 14.8 43 -8 5.0 -2.8
VOE Vanguard Mid-Cap Value Index Fund 14.7 7 28 7.5 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 14.7 39 -4 6.7 -1.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 14.7 59 -24 3.8 -4.0
ETHO Etho Climate Leadership U.S. ETF 14.6 47 -12 4.3 -3.5
IWP iShares Russell Mid-Cap Growth ETF 14.6 24 11 2.8 -5.0
EPS WisdomTree U.S. Earnings 500 Fund 14.6 8 27 6.3 -1.5
USMV iShares Edge MSCI Min Vol USA ETF 14.6 15 20 5.4 -2.4
VLU SPDR S&P 1500 Value Tilt ETF 14.5 12 23 7.2 -0.6
XT iShares Exponential Technologies ETF 14.2 47 -12 4.8 -3.0
CLRG IQ Chaikin U.S. Large Cap ETF 14.0 25 10 5.7 -2.1
REVS Columbia Research Enhanced Value ETF 14.0 19 16 7.7 -0.1
XLK Technology Select Sector SPDR Fund 14.0 13 22 4.6 -3.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 14.0 10 25 5.2 -2.6
RAFE PIMCO RAFI ESG U.S. ETF 14.0 29 6 7.6 -0.2

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 14.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.