iShares Core Dividend Growth
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.7x P/Sales
ratio
2.0x
P/BV
ratio
3.1x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Core Dividend Growth ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment resutls of an index composed of U.S. equities with a history of consistently growing dividends.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 12, 2014
Assets (mns) $9,818
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 479
Wgt avg mkt cap (mns) $222,290
Large cap (>$10bn) 93.5%
Mid cap ($2-10bn) 6.0%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.4 %
MICROSOFT CORP 3.2 %
JPMORGAN CHASE & CO 3.1 %
JOHNSON & JOHNSON 2.9 %
VERIZON COMMUNICATIONS INC 2.7 %
WELLS FARGO & CO 2.7 %
CHEVRON CORP 2.6 %
PFIZER INC 2.4 %
ABBVIE INC 2.3 %
PROCTER & GAMBLE CO/THE 2.2 %
Total 27.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 2.3 %
BRITAIN 1.1 %
SWITZERLAND 0.6 %
BERMUDA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.6% 16.2% 11.8% -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 0.92 95%
MSCI EAFE 0.82 63%
MSCI Emg. Mkts. 0.58 50%

Technical Indicators
Recent close $41.28
30d moving avg. $40.73
Annualized volatility 11.4%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.2%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1,501
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $86,096

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Core Dividend Growth ETF based on the alternatives' overlap in portfolio holdings with DGRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DGRO Expense: 8 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGRO
Ticker Fund
Name
Overlap1
vs DGRO
(%)
Expense
ratio
(bp)
Savings
vs DGRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs DGRO
(%)
DLN WisdomTree Large Cap Dividend 65.6 28 -20 6.5 +0.1
DTD WisdomTree Total Dividend 62.0 28 -20 6.5 +0.1
DIVB iShares U.S. Dividend & Buyback 60.8 25 -17 6.6 +0.2
OVOL Invesco Russell 1000 Low Volatility Factor ETF 60.0 19 -11 5.6 -0.8
SCHV Schwab U.S. Large-Cap Value 59.1 4 4 6.9 +0.5
VYM Vanguard High Dividend Yield ETF 57.7 6 2 7.2 +0.8
OYLD Invesco Russell 1000 Yield Factor ETF 57.6 19 -11 7.0 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity 56.3 20 -12 5.6 -0.8
PRID InsightShares LGBT Employment Equality 55.8 65 -57 5.4 -1.1
VTV Vanguard Value ETF 55.8 4 4 7.2 +0.7
EPS WisdomTree Earnings 500 55.5 8 0 6.8 +0.4
PBP Invesco S&P 500 Buy/Write 55.1 49 -41 5.5 -1.0
SNPE Xtrackers S&P 500 ESG 55.0 11 -3 5.7 -0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 55.0 20 -12 5.9 -0.5
SPXE ProShares S&P 500 Ex-Energy 54.7 27 -19 5.8 -0.6
HSPX Global X S&P 500 Covered Call 54.6 65 -57 5.3 -1.1
IVV iShares Core S&P 500 54.4 4 4 5.9 -0.5
SPY S&P 500 SPDR 54.3 9 -1 5.9 -0.6
FNDX Schwab Fundamental Large Cap 54.3 25 -17 5.9 -0.5
MGC Vanguard Mega Cap 300 ETF 54.2 7 1 5.8 -0.6

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Core Dividend Growth
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 18.1 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.56
 
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.