iShares MSCI KLD 400 Social
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.7x P/Sales
ratio
2.4x
P/BV
ratio
4.0x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI KLD 400 Social ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the MSCI KLD 400 Social Index, which tracks common stocks of companies that are within the MSCI USA IMI Index and are determined to have positive environmental, social and governance characteristics.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Nov 17, 2006
Assets (mns) $1,700
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 403
Wgt avg mkt cap (mns) $245,703
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.2%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.9 %
FACEBOOK 3.4 %
ALPHABET INC. CLASS C 3.0 %
ALPHABET INC. CLASS A 2.9 %
VISA INC-CLASS A SHARES 2.2 %
PROCTER & GAMBLE CO/THE 2.2 %
HOME DEPOT INC 1.9 %
WALT DISNEY CO/THE 1.9 %
INTEL CORP 1.9 %
MASTERCARD INC-CLASS A 1.8 %
Total 29.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 2.0 %
BRITAIN 1.5 %
SWITZERLAND 0.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.1% 16.7% 10.2% 12.8% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 0.99 98%
MSCI EAFE 0.88 66%
MSCI Emg. Mkts. 0.61 52%

Technical Indicators
Recent close $116.06
30d moving avg. $113.37
Annualized volatility 12.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.8%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $75,961

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI KLD 400 Social ETF based on the alternatives' overlap in portfolio holdings with DSI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DSI Expense: 25 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DSI
Ticker Fund
Name
Overlap1
vs DSI
(%)
Expense
ratio
(bp)
Savings
vs DSI
(bp)
ALTAR
Score™
(%)
ALTAR
vs DSI
(%)
SUSL iShares ESG MSCI USA Leaders 85.3 10 15 5.7 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity 85.2 10 15 5.8 +0.2
SPYG SPDR Portfolio S&P 500 Growth 60.9 4 21 5.1 -0.5
IVW iShares S&P 500 Growth 60.9 18 7 4.9 -0.7
VOOG Vanguard S&P 500 Growth 60.8 15 10 4.9 -0.6
IUSG iShares Core U.S. Growth 58.7 4 21 5.1 -0.5
ESGU iShares MSCI USA ESG Optimized 58.4 15 10 5.6 +0.0
SNPE Xtrackers S&P 500 ESG 56.0 11 14 5.8 +0.2
OQAL Invesco Russell 1000 Quality Factor ETF 55.1 19 6 5.3 -0.3
IWF iShares Russell 1000 Growth 54.9 19 6 5.0 -0.6
CATH Global X S&P 500 Catholic Values 54.5 29 -4 5.9 +0.3
VONG Vanguard Russell 1000 Growth 54.5 12 13 5.0 -0.6
VUG Vanguard Growth ETF 54.5 4 21 4.8 -0.8
PBP Invesco S&P 500 Buy/Write 53.0 49 -24 5.6 -0.0
SPXN ProShares S&P 500 Ex-Financials 52.8 27 -2 5.9 +0.3
MMTM SPDR S&P1500 Momentum Tilt 52.8 12 13 5.4 -0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity 52.6 20 5 5.6 +0.0
IWY iShares Russell Top 200 Growth 52.5 20 5 5.1 -0.5
SPXV ProShares S&P 500 Ex-Health Care 52.4 27 -2 5.7 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 52.1 20 5 5.9 +0.4

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

  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

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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 MSCI KLD 400 Social
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.4 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.55
 
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.