iShares MSCI ACWI Low Carbon Target ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
1.8x
P/BV
ratio
2.1x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI ACWI Low Carbon Target ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index composed of large and mid-capitalization developed and emerging market equities with a lower carbon exposure than that of the broad market.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Dec 09, 2014
Assets (mns) $496
Currency USD
Expense ratio 20 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust Co
Weighting Proprietary
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1341
Wgt avg mkt cap (mns) $227,220
Large cap (>$10bn) 89.2%
Mid cap ($2-10bn) 10.1%
Small cap (<$2bn) 0.4%
Developed mkts 89.0%
Emerging mkts 10.6%

TOP TEN HOLDINGS
APPLE INC 3.1 %
MICROSOFT CORP 2.9 %
AMAZON.COM INC 2.2 %
FACEBOOK 1.2 %
ALPHABET INC. CLASS C 1.0 %
JOHNSON & JOHNSON 0.9 %
ALPHABET INC. CLASS A 0.9 %
VISA INC-CLASS A SHARES 0.8 %
ALIBABA GROUP HOLDING LTD. SPONSOR 0.7 %
TENCENT HOLDINGS LTD 0.7 %
Total 14.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.6 %
JAPAN 7.2 %
BRITAIN 4.4 %
CHINA 4.0 %
CANADA 3.1 %
SWITZERLAND 2.9 %
FRANCE 2.7 %
GERMANY 2.3 %
AUSTRALIA 1.5 %
TAIWAN 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.4% 6.8% 5.6% -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.94 96%
MSCI EAFE 1.00 93%
MSCI Emg. Mkts. 0.75 81%

Technical Indicators
Recent close $121.06
30d moving avg. $112.65
Annualized volatility 16.2%
Short interest (ETF) 0.6%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.2%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $317,683

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CRBN Expense: 20 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CRBN
Ticker Fund
Name
Overlap1
vs CRBN
(%)
Expense
ratio
(bp)
Savings
vs CRBN
(bp)
ALTAR
Score™
(%)
ALTAR
vs CRBN
(%)
LOWC SPDR MSCI ACWI Low Carbon Target ETF 88.7 20 0 6.5 +0.1
ACWI iShares MSCI ACWI ETF 77.9 32 -12 6.1 -0.3
URTH iShares MSCI World ETF 75.7 24 -4 5.9 -0.5
TOK iShares MSCI Kokusai ETF 72.6 25 -5 5.8 -0.6
VT Vanguard Total World Stock Index Fund 69.7 8 12 6.3 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 58.0 9 11 6.3 -0.1
PBUS Invesco PureBeta MSCI USA ETF 55.5 4 16 5.4 -1.0
SCHX Schwab U.S. Large-Cap ETF 55.3 3 17 5.4 -1.0
SCHK Schwab 1000 Index ETF 55.2 5 15 5.4 -1.0
IYY iShares Dow Jones U.S. ETF 55.1 20 0 5.3 -1.1
SCHB Schwab U.S. Broad Market ETF 55.0 3 17 5.4 -1.0
VTI Vanguard Total Stock Market Index Fund 55.0 3 17 5.3 -1.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 55.0 3 17 5.3 -1.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 55.0 2 18 5.4 -1.0
IWB iShares Russell 1000 ETF 55.0 15 5 5.3 -1.1
VONE Vanguard Russell 1000 ETF 55.0 8 12 5.4 -1.0
VV Vanguard Large-Cap Index Fund 54.8 4 16 5.4 -1.0
VTHR Vanguard Russell 3000 Index Fund 54.8 10 10 5.3 -1.1
IWV iShares Russell 3000 ETF 54.8 20 0 5.2 -1.3
JHML John Hancock Multifactor Large Cap ETF 54.5 34 -14 5.6 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 54.4 30 -10 6.1 -0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 53.6 25 -5 6.2 -0.2
PBP Invesco S&P 500 BuyWrite ETF 53.4 49 -29 5.1 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 53.4 3 17 5.6 -0.8
HSPX Global X S&P 500 Covered Call ETF 53.3 65 -45 5.0 -1.4
IVV iShares Core S&P 500 ETF 53.3 4 16 5.5 -0.9
SPLG SPDR Portfolio Large Cap ETF 53.2 3 17 5.5 -0.9
SPY SPDR S&P 500 ETF Trust 53.2 9 11 5.5 -0.9
VOO VANGUARD S&P 500 ETF 53.1 3 17 5.5 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 52.8 20 0 5.5 -0.9
SFY SoFi Select 500 ETF 52.7 0 20 5.4 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 52.6 27 -7 5.4 -1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.7 42 -22 5.7 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.3 9 11 5.6 -0.8
ESGV Vanguard ESG U.S. Stock ETF 48.7 12 8 5.3 -1.1
AVUS Avantis U.S. Equity ETF 48.4 15 5 5.8 -0.6
MGC Vanguard Mega Cap Index Fund 47.7 7 13 5.3 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 46.7 27 -7 5.1 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 46.6 8 12 6.5 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.3 12 8 5.1 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 46.3 15 5 5.2 -1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.1 20 0 5.1 -1.3
PRF Invesco FTSE RAFI US 1000 ETF 45.0 39 -19 6.8 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 45.0 27 -7 5.2 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.9 25 -5 6.6 +0.2
IWL iShares Russell Top 200 ETF 44.8 15 5 5.2 -1.2
CATH Global X S&P 500 Catholic Values Custom ETF 44.7 29 -9 5.3 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 44.7 15 5 5.9 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.6 25 -5 6.6 +0.2
IUS Invesco Strategic US ETF 43.2 19 1 6.2 -0.2
RWL Invesco S&P 500 Revenue ETF 42.9 39 -19 6.8 +0.4
IQSU IQ Candriam ESG US Equity ETF 41.3 9 11 5.3 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 41.3 12 8 7.4 +1.0
SNPE Xtrackers S&P 500 ESG ETF 41.1 11 9 5.2 -1.2
IUSG iShares Core S&P US Growth ETF 41.0 4 16 4.5 -1.9
SPYG SPDR Portfolio S&P 500 Growth ETF 40.8 4 16 4.5 -1.9
IVW iShares S&P 500 Growth ETF 40.8 18 2 4.3 -2.1
VOOG Vanguard S&P 500 Growth ETF 40.7 10 10 4.4 -2.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 40.7 30 -10 6.8 +0.4
DIVB iShares U.S. Dividend & Buyback ETF 40.4 25 -5 6.5 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 38.9 8 12 4.4 -2.0
IWF iShares Russell 1000 Growth ETF 38.9 19 1 4.3 -2.1
SPXT ProShares S&P 500 Ex-Technology ETF 38.9 27 -7 5.7 -0.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.5 29 -9 4.3 -2.1
DTD WisdomTree U.S.Total Dividend Fund 36.9 28 -8 6.6 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.4 40 -20 7.5 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 36.2 32 -12 7.6 +1.2
EXT WisdomTree U.S. Total Earnings Fund 36.2 28 -8 5.8 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 36.1 60 -40 4.5 -1.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.1 29 -9 6.2 -0.2
IXUS ishares Core MSCI Total International Stock ETF 36.1 9 11 7.7 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 36.0 28 -8 6.4 -0.0
ESG FlexShares STOXX US ESG Impact Index Fund 35.7 32 -12 5.2 -1.2
OEF iShares S&P 100 ETF 35.7 20 0 5.0 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 35.3 8 12 7.9 +1.5
VXUS Vanguard Total International Stock Index Fund 35.3 8 12 7.8 +1.4
EUSA iShares MSCI USA Equal Weighted ETF 34.4 15 5 6.1 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 34.3 9 11 5.9 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.3 15 5 6.4 -0.1
SIZE iShares Edge MSCI USA Size Factor ETF 33.7 15 5 6.0 -0.4
RSP Invesco S&P 500 Equal Weight ETF 33.6 20 0 6.9 +0.5
DGRO iShares Core Dividend Growth ETF 33.6 8 12 6.5 +0.1
KRMA Global X Conscious Companies ETF 33.3 43 -23 5.3 -1.1
AFLG First Trust Active Factor Large Cap ETF 33.2 55 -35 5.6 -0.8
IWY iShares Russell Top 200 Growth ETF 33.0 20 0 4.3 -2.1
VUG Vanguard Growth Index Fund 32.9 4 16 4.2 -2.2
RNLC Large Cap US Equity Select ETF 32.1 60 -40 6.2 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 32.0 4 16 4.3 -2.1
IUSV iShares Core S&P U.S. Value ETF 31.9 4 16 7.4 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 31.9 75 -55 4.6 -1.8
IVE iShares S&P 500 Value ETF 31.8 18 2 7.2 +0.8
VOOV Vanguard S&P 500 Value ETF 31.8 15 5 7.2 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 31.8 4 16 7.3 +0.9
DSI iShares MSCI KLD 400 Social ETF 31.6 25 -5 5.3 -1.1
DGT SPDR Global Dow ETF 31.5 50 -30 6.9 +0.5
RECS Columbia Research Enhanced Core ETF 31.1 15 5 5.7 -0.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 30.4 35 -15 5.8 -0.6
VEGN US Vegan Climate ETF 30.3 60 -40 5.3 -1.1
VGFO Virtus WMC Global Factor Opportunities ETF 30.2 49 -29 6.2 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 30.1 10 10 5.4 -1.0

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 MSCI ACWI Low Carbon Target 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 13.2 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.