iShares MSCI China Small-Cap ETF
ALTAR
Score™		 9.1% info Recommen-
dation		 OVERWEIGHT
2025E    2026E
P/E
ratio		 14.4x P/Sales
ratio		 0.6x
P/BV
ratio		 0.7x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI China Small Cap Index Fund seeks to track the performance of the MSCI China Small Cap Index Fund.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Sep 28, 2010
Assets (mns) $69
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 275
Wgt avg mkt cap (mns) $1,670
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 42.8%
Small cap (<$2bn) 55.7%
Developed mkts 49.5%
Emerging mkts 50.5%

TOP TEN HOLDINGS
KINGBOARD CHEMICALS HOLDINGS 3.1 %
MINTH GROUP LTD 1.9 %
DONGYUE GROUP 1.6 %
MEITU, INC 1.4 %
CHINA EVERBRIGHT INTL LTD 1.3 %
KINGSOFT CLOUD HOLDINGS LTD 1.3 %
CHINA CONCH VENTURE HOLDINGS 1.2 %
ZAI LAB LTD 1.1 %
ATOUR LIFESTYLE HOLDINGS AMERICAN 1.1 %
XD, INC. 1.1 %
Total 15.2 %

TOP COUNTRY EXPOSURE
CHINA 53.4 %
HONG KONG 23.2 %
UNITED STATES 0.4 %
SINGAPORE 0.3 %
CAYMAN ISLANDS 0.3 %






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.
-4.1% 15.9% -6.5% 2.0% 0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.94 28%
MSCI EAFE 0.76 29%
MSCI Emg. Mkts. 0.73 47%

Technical Indicators
Recent close $30.68
30d moving avg. $32.19
Annualized volatility 32.1%
Short interest (ETF) 3.5%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.6%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 195 potential alternatives to the iShares MSCI China Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with ECNS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECNS Expense: 59 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECNS
Ticker Fund
Name		 Overlap1
vs ECNS
(%)		 Expense
ratio
(bp)		 Savings
vs ECNS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ECNS
(%)
EEMS iShares MSCI Emerging Markets Small Cap ETF 7.4 70 -11 6.2 -2.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 7.0 80 -21 11.8 +2.8
KWEB KraneShares CSI China Internet ETF 6.9 69 -10 25.0 +15.9
KGRN KraneShares MSCI China Clean Technology Index ETF 5.8 79 -20 3.4 -5.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.5 32 27 13.7 +4.6
PGJ Invesco Golden Dragon China ETF 4.5 70 -11 15.4 +6.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.1 58 1 8.1 -1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.1 90 -31 3.5 -5.6
CQQQ Invesco China Technology ETF 4.0 70 -11 15.2 +6.1
MCH Matthews China Active ETF 4.0 79 -20 14.4 +5.3
GXC SPDR S & P China ETF 4.0 59 0 18.4 +9.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.9 45 14 9.4 +0.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.6 80 -21 6.4 -2.7
AVES Avantis Emerging Markets Value ETF 3.4 36 23 8.6 -0.5
EWX SPDR S&P Emerging Markets Small Cap ETF 3.2 65 -6 6.3 -2.8
JIVE JPMorgan International Value ETF 3.0 55 4 8.1 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.8 59 0 8.1 -1.0
FEM First Trust Emerging Markets AlphaDEX Fund 2.7 80 -21 8.7 -0.4
HUMN Roundhill Humanoid Robotics ETF 2.6 75 -16 1.1 -8.0
SOCL Global X Social Media ETF 2.6 65 -6 12.6 +3.5
AVSE Avantis Responsible Emerging Markets Equity ETF 2.3 33 26 6.3 -2.8
FLCH Franklin FTSE China ETF 2.3 19 40 17.9 +8.8
AVEM Avantis Emerging Markets Equity ETF 2.1 33 26 6.7 -2.4
CTEC Global X CleanTech ETF 2.1 50 9 -0.1 -9.2
VIDI Vident International Equity Strategy ETF 2.1 61 -2 7.9 -1.2
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 -7 8.6 -0.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.9 80 -21 8.9 -0.2
PBD Invesco Global Clean Energy ETF 1.9 75 -16 0.2 -8.9
EMIF iShares Emerging Markets Infrastructure ETF 1.9 60 -1 2.8 -6.3
DVYE iShares Emerging Markets Dividend ETF 1.7 49 10 17.4 +8.3
DEM WisdomTree Emerging Markets High Dividend Fund 1.6 63 -4 9.9 +0.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.6 8 51 6.2 -2.9
GII SPDR S&P Global Infrastructure ETF 1.6 40 19 4.2 -4.8
JCHI JPMorgan Active China ETF 1.6 65 -6 15.3 +6.2
IGF iShares Global Infrastructure ETF 1.6 41 18 4.2 -4.9
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.5 38 21 6.7 -2.4
DFEV Dimensional Emerging Markets Value ETF 1.5 43 16 8.9 -0.2
HERO Global X Video Games & Esports ETF 1.5 50 9 6.1 -3.0
NERD Roundhill Video Games ETF 1.5 50 9 8.2 -0.9
ERTH Invesco MSCI Sustainable Future ETF 1.4 62 -3 3.0 -6.1
BOTZ Global X Robotics & Artificial Intelligence ETF 1.4 69 -10 1.9 -7.2
SDIV Global X Superdividend ETF 1.4 58 1 13.6 +4.5
CGV Conductor Global Equity Value ETF 1.4 130 -71 7.5 -1.6
AGNG Global X Aging Population ETF 1.4 50 9 4.3 -4.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.3 41 18 6.6 -2.5
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.3 80 -21 6.4 -2.7
FDEM Fidelity Emerging Markets Multifactor ETF 1.3 25 34 9.9 +0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.2 95 -36 9.7 +0.6
DRGN Themes China Generative Artificial Intelligence ETF 1.1 39 20 9.6 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 10 8.4 -0.7
ESPO VanEck Video Gaming and eSports ETF 1.1 56 3 6.8 -2.3
AADR AdvisorShares Dorsey Wright ADR ETF 1.1 110 -51 3.0 -6.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.1 12 47 8.4 -0.6
CUT Invesco MSCI Global Timber ETF 1.0 61 -2 8.4 -0.7
DRIV Global X Autonomous & Electric Vehicles ETF 1.0 68 -9 2.8 -6.3
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 52 9.0 -0.1
EFRA iShares Environmental Infrastructure and Industrials ETF 1.0 47 12 5.0 -4.1
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 -2 1.5 -7.6
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.0 78 -19 9.4 +0.3
TAN Invesco Solar ETF 1.0 67 -8 3.9 -5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.9 49 10 13.1 +4.1
IDRV iShares Self-driving EV & Tech ETF 0.9 47 12 1.2 -7.9
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 50 7.8 -1.3
CCNR ALPS CoreCommodity Natural Resources ETF 0.9 39 20 8.0 -1.0
WOOD iShares Global Timber & Forestry ETF 0.9 42 17 11.5 +2.4
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 52 9.2 +0.1
BPAY BlackRock Future Financial and Technology ETF 0.8 70 -11 5.6 -3.5
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 24 6.6 -2.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 -2 -0.7 -9.8
FDHT Fidelity Digital Health ETF 0.8 39 20 1.7 -7.4
GINN Goldman Sachs Innovate Equity ETF 0.8 52 7 3.7 -5.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 9 7.8 -1.3
SETM Sprott Energy Transition Materials ETF 0.8 65 -6 1.6 -7.5
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 -1 4.5 -4.6
CNRG State Street SPDR S&P Kensho Clean Power ETF 0.8 45 14 -0.1 -9.1
AQWA Global X Clean Water ETF 0.8 50 9 5.0 -4.1
CLOU Global X Cloud Computing ETF 0.8 68 -9 2.6 -6.5
DTCR Global X Data Center & Digital Infrastructure ETF 0.8 50 9 3.1 -6.0
REAI Intelligent Real Estate ETF 0.8 59 0 5.5 -3.6
MDEV First Trust Indxx Medical Devices ETF 0.7 70 -11 5.1 -4.0
QQQS Invesco NASDAQ Future Gen 200 ETF 0.7 20 39 -3.5 -12.6
NLR VanEck Uranium+Nuclear Energy ETF 0.7 61 -2 1.7 -7.4
URA Global X Uranium ETF 0.7 69 -10 0.9 -8.2
URNJ Sprott Junior Uranium Miners ETF 0.7 80 -21 -4.7 -13.7
URAN Themes Uranium & Nuclear ETF 0.7 35 24 1.1 -8.0
CGW Invesco S&P Global Water Index ETF 0.7 57 2 4.6 -4.5
FTAG First Trust Indxx Global Agriculture ETF 0.7 70 -11 7.2 -1.9
RNEM First Trust Emerging Markets Equity Select ETF 0.7 75 -16 7.9 -1.1
AWAY ETFMG Travel Tech ETF 0.7 76 -17 1.1 -8.0
FRNW Fidelity Clean Energy ETF 0.7 39 20 1.8 -7.3
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 30 6.0 -3.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 27 7.1 -2.0
BNGE First Trust S-Network Streaming and Gaming ETF 0.6 70 -11 3.0 -6.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 15 9.3 +0.2
KURE KraneShares MSCI All China Health Care Index ETF 0.6 65 -6 3.1 -6.0
FMET Fidelity Metaverse ETF 0.6 39 20 4.4 -4.7
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 40 6.8 -2.3
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.6 20 39 0.8 -8.3
ISCF iShares International SmallCap Equity Factor ETF 0.6 23 36 7.2 -1.9
SCHE Schwab Emerging Markets Equity ETF 0.6 11 48 9.3 +0.2
ICLN iShares Global Clean Energy ETF 0.6 41 18 1.7 -7.4
AOTS AOT Software Platform ETF 0.6 49 10 4.8 -4.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.6 55 4 5.6 -3.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 29 6.2 -2.9
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 20 7.7 -1.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.5 39 20 6.7 -2.4
TBLU Tortoise Global Water ESG ETF 0.5 40 19 4.6 -4.5
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 34 8.4 -0.7
RNRG Global X Renewable Energy Producers ETF 0.5 66 -7 4.3 -4.8
TCHI iShares MSCI China Multisector Tech ETF 0.5 59 0 13.6 +4.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 44 8.5 -0.6
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 49 8.4 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 10 5.9 -3.2
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -11 9.4 +0.3
IPKW Invesco International BuyBack Achievers ETF 0.4 55 4 8.1 -1.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.4 11 48 7.5 -1.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.4 36 23 7.3 -1.8
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 12 2.7 -6.4
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 8.8 -0.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.4 55 4 3.8 -5.3
PBW Invesco WilderHill Clean Energy ETF 0.4 66 -7 -2.7 -11.8
SMOG VanEck Low Carbon Energy ETF 0.4 61 -2 1.2 -7.9
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -11 2.1 -7.0
TTAI FCF International Quality ETF 0.3 59 0 6.8 -2.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 20 13.4 +4.3
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -1 4.5 -4.6
FDLS Inspire Fidelis Multi Factor ETF 0.3 76 -17 3.1 -6.0
VSGX Vanguard ESG International Stock ETF 0.3 10 49 6.4 -2.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.3 72 -13 2.1 -7.0
EV Mast Global Battery Recycling & Production ETF 0.3 65 -6 6.3 -2.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 13 5.0 -4.1
FAN First Trust Global Wind Energy ETF 0.3 60 -1 2.8 -6.3
SGDJ Sprott Junior Gold Miners ETF 0.3 50 9 2.4 -6.7
VXUS Vanguard Total International Stock ETF 0.3 5 54 6.5 -2.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 6.4 -2.7
FYLD Cambria Foreign Shareholder Yield ETF 0.3 59 0 10.0 +0.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.3 33 26 6.4 -2.7
HYP Golden Eagle Dynamic Hypergrowth ETF 0.3 85 -26 -0.8 -9.9
OZEM Roundhill GLP-1 & Weight Loss ETF 0.3 59 0 5.5 -3.6
APIE ActivePassive International Equity ETF 0.3 45 14 6.3 -2.8
AIPO Defiance AI & Power Infrastructure ETF 0.2 69 -10 0.7 -8.4
VYMI Vanguard International High Dividend Yield ETF 0.2 17 42 7.9 -1.2
TRFM AAM Transformers ETF 0.2 49 10 0.9 -8.2
CCSO Carbon Collective Climate Solutions US Equity ETF 0.2 35 24 0.9 -8.2
GDXJ VanEck Junior Gold Miners ETF 0.2 52 7 3.1 -6.0
GWX SPDR S&P International Small Cap ETF 0.2 40 19 5.7 -3.4
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -30 4.2 -4.9
AUAU Global X Gold Miners ETF 0.2 35 24 2.8 -6.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 55 6.5 -2.6
FINX Global X FinTech ETF 0.2 68 -9 3.1 -6.0
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 1 5.4 -3.7
COPJ Sprott Junior Copper Miners ETF 0.2 75 -16 -1.4 -10.5
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.5 -3.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 20 6.1 -3.0
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 3.4 -5.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.8 -4.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -27 13.3 +4.2
SHPP Pacer Industrials and Logistics ETF 0.1 60 -1 6.6 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 4.9 -4.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 20 7.6 -1.5
NIKL Sprott Nickel Miners ETF 0.1 75 -16 8.6 -0.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 9 4.6 -4.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 41 6.2 -2.9
SCHC Schwab International Small-Cap Equity ETF 0.1 11 48 6.5 -2.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 14 7.7 -1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.1 46 13 7.7 -1.4
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 7.6 -1.4
VT Vanguard Total World Stock ETF 0.1 6 53 4.9 -4.2
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.1 88 -29 7.5 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 34 7.2 -1.9
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 2.2 -6.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -7 6.8 -2.3
IGRO iShares International Dividend Growth ETF 0.0 15 44 6.6 -2.4
PNQI Invesco NASDAQ Internet ETF 0.0 60 -1 4.0 -5.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 6.6 -2.5
VPL Vanguard FTSE Pacific ETF 0.0 7 52 5.0 -4.1
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 29 6.3 -2.8
ECON Columbia Emerging Markets Consumer ETF 0.0 49 10 6.2 -2.9
JHEM John Hancock Multifactor Emerging Markets ETF 0.0 49 10 7.2 -1.9
ICOP iShares Copper and Metals Mining ETF 0.0 47 12 5.3 -3.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 5.8 -3.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 49 6.0 -3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 5.8 -3.2
DEW WisdomTree Global High Dividend Fund 0.0 58 1 7.1 -2.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 17 4.0 -5.1
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 38 2.8 -6.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 5.7 -3.4
XT iShares Exponential Technologies ETF 0.0 46 13 3.8 -5.3
SCHF Schwab International Equity ETF 0.0 6 53 5.8 -3.3
AVDE Avantis International Equity ETF 0.0 23 36 6.2 -2.9
AVDV Avantis International Small Cap Value ETF 0.0 36 23 7.7 -1.4
EBLU Ecofin Global Water ESG Fund 0.0 40 19 4.6 -4.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 39 5.5 -3.6
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 6.6 -2.5
AVSD Avantis Responsible International Equity ETF 0.0 23 36 5.9 -3.2

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 China Small-Cap 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 6.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.50 CATEGORY
AVERAGE		 1.53
 
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.