iShares Select Dividend
ALTAR
Score™
8.1% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
14.0x P/Sales
ratio
1.2x
P/BV
ratio
2.0x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Select Dividend Index Fund seeks investment results that correspond to the price and yield performance of the Dow Jones Select Dividend Index. The index consists of the stocks with consistent history of paying and increasing dividends.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Nov 07, 2003
Assets (mns) $18,156
Currency USD
Expense ratio 39 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $53,627
Large cap (>$10bn) 74.5%
Mid cap ($2-10bn) 25.3%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 2.7 %
QUALCOMM INC 2.4 %
FORD MOTOR CO 2.2 %
CENTURYTEL INC 1.9 %
SEAGATE TECHNOLOGY 1.8 %
ONEOK INC 1.8 %
VALERO ENERGY CORP 1.7 %
PPL CORPORATION 1.6 %
DOMINION RESOURCES INC/VA 1.6 %
ALTRIA GROUP INC 1.6 %
Total 19.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.6 %
IRELAND 3.0 %
BRITAIN 2.0 %
SWITZERLAND 0.9 %







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.
17.4% 10.3% 9.0% 13.4% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.84 86%
MSCI EAFE 0.74 56%
MSCI Emg. Mkts. 0.46 36%

Technical Indicators
Recent close $103.01
30d moving avg. $102.66
Annualized volatility 11.0%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.9%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 452
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $19,343

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DVY Expense: 39 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVY
Ticker Fund
Name
Overlap1
vs DVY
(%)
Expense
ratio
(bp)
Savings
vs DVY
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVY
(%)
DTN WisdomTree Dividend Ex-Financials 48.0 38 1 7.9 -0.2
SPYD SPDR Portfolio S&P 500 High Dividend 46.8 7 32 9.3 +1.3
SDOG ALPS Sector Dividend Dogs 46.1 40 -1 9.4 +1.4
CDL Victory CEMP US Large Cap High Div Volatility Wtd 41.9 35 4 7.9 -0.2
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 41.9 35 4 7.9 -0.2
JDIV JPMorgan U.S. Dividend 39.3 12 27 7.6 -0.5
SPDV AAM S&P 500 High Dividend Value 38.1 29 10 10.8 +2.8
PEY Invesco High Yield Equity Dividend Acheivers 35.7 53 -14 6.9 -1.2
SPHD Invesco S&P 500 High Dividend 33.2 30 9 7.9 -0.1
DHS WisdomTree Equity Income 33.1 38 1 7.3 -0.7
LVHD Legg Mason Low Volatility High Dividend ETF 33.0 27 12 6.8 -1.2
VYM Vanguard High Dividend Yield ETF 31.1 6 33 7.3 -0.8
TPHD Timothy Plan High Dividend Stock 31.0 52 -13 6.8 -1.3
VALQ American Century STOXX U.S. Quality Value 30.6 29 10 7.7 -0.3
OYLD Invesco Russell 1000 Yield Factor ETF 30.6 19 20 7.1 -1.0
USDY Pacific Global US Equity Income 29.9 29 10 7.7 -0.4
WBIY WBI Power Factor High Dividend 29.7 70 -31 10.3 +2.3
FDL First Trust Morningstar Dividend Leaders 29.5 45 -6 8.7 +0.6
SCHD Schwab US Dividend Equity 27.3 6 33 7.3 -0.7
FDRR Fidelity Dividend for Rising Rates 27.2 29 10 7.8 -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

  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 Select Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 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.