iShares MSCI EAFE Growth ETF
ALTAR
Score™
5.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
1.7x
P/BV
ratio
2.4x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EAFE Growth Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Aug 05, 2005
Assets (mns) $3,755
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 518
Wgt avg mkt cap (mns) $66,738
Large cap (>$10bn) 82.2%
Mid cap ($2-10bn) 17.7%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 5.0 %
ROCHE HOLDING AG-GENUSSCHEIN 3.7 %
ASTRAZENECA PLC 1.9 %
ASML HOLDING NV 1.8 %
SAP AG 1.8 %
AIA GROUP LTD 1.8 %
NOVO NORDISK A/S-B 1.7 %
LVMH MOET HENNESSY LOUIS VUI 1.7 %
NOVARTIS AG-REG 1.4 %
CSL LIMITED 1.3 %
Total 22.2 %

TOP COUNTRY EXPOSURE
JAPAN 24.8 %
SWITZERLAND 14.5 %
BRITAIN 10.1 %
FRANCE 10.0 %
GERMANY 6.9 %
NETHERLANDS 6.6 %
AUSTRALIA 5.6 %
DENMARK 3.8 %
HONG KONG 3.5 %
SWEDEN 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.8% -6.6% 2.1% 4.4% 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.80 85%
MSCI EAFE 0.86 93%
MSCI Emg. Mkts. 0.65 78%

Technical Indicators
Recent close $71.11
30d moving avg. $74.83
Annualized volatility 13.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 650
Turnover 1.2%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $36,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI EAFE Growth ETF ETF based on the alternatives' overlap in portfolio holdings with EFG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFG Expense: 40 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFG
Ticker Fund
Name
Overlap1
vs EFG
(%)
Expense
ratio
(bp)
Savings
vs EFG
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFG
(%)
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 59.3 20 20 8.8 +3.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 57.8 30 10 5.7 -0.1
EFA iShares MSCI EAFE ETF 55.7 32 8 8.8 +3.0
IQSI IQ Candriam ESG International Equity ETF 54.8 15 25 8.9 +3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 54.0 35 5 8.5 +2.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 52.4 14 26 8.4 +2.6
HFXI IQ 50 Percent Hedged FTSE International ETF 52.3 20 20 9.2 +3.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 52.0 45 -5 8.1 +2.3
QEFA SPDR MSCI EAFE Quality Mix ETF 51.9 30 10 8.0 +2.2
IEV iShares Europe ETF 51.7 59 -19 8.4 +2.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 50.9 30 10 8.3 +2.5
ESGD iShares MSCI EAFE ESG Optimized ETF 50.5 20 20 8.8 +3.0
FLEE Franklin FTSE Europe ETF 49.9 9 31 8.5 +2.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 49.8 7 33 9.3 +3.5
FLEH Franklin FTSE Europe Hedged ETF 49.6 9 31 8.6 +2.8
BBEU JPMorgan BetaBuilders Europe ETF 49.4 9 31 8.8 +3.1
IEFA iShares Core MSCI EAFE ETF 48.6 7 33 9.0 +3.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 48.5 30 10 7.4 +1.6
IEUR iShares Core MSCI Europe ETF 47.9 9 31 8.9 +3.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 46.7 25 15 8.3 +2.6
FEU SPDR Portfolio Europe ETF 46.1 9 31 8.9 +3.1
SCHF Schwab International Equity ETF 46.0 6 34 9.1 +3.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 45.9 25 15 8.1 +2.3
JHMD John Hancock Multifactor Developed International ETF 45.6 45 -5 9.1 +3.3
VGK Vanguard FTSE Europe ETF 44.9 8 32 9.1 +3.3
SPDW SPDR Portfolio Developed World ex-US ETF 44.5 4 36 8.9 +3.1
IDEV iShares Core MSCI International Developed Markets ETF 43.7 5 35 9.0 +3.2
PDEV Principal International Multi-Factor Core Index ETF 42.9 25 15 8.2 +2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 42.7 48 -8 0.0 -5.8
VEA Vanguard FTSE Developed Markets ETF 40.4 5 35 9.2 +3.4
IDHQ Invesco S&P International Developed High Quality ETF 40.4 29 11 6.5 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 39.5 39 1 8.0 +2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 38.8 30 10 8.8 +3.0
IDMO Invesco S&P International Developed Momentum ETF 38.7 25 15 5.6 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 37.6 32 8 9.1 +3.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 37.3 16 24 8.5 +2.8
CIL Victory CEMP International Volatility Weighted Index ETF 37.0 45 -5 8.9 +3.1
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 36.9 45 -5 9.0 +3.2
VIGI Vanguard International Dividend Appreciation ETF 36.3 25 15 6.9 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.1 40 0 9.0 +3.2
CWI SPDR MSCI ACWI ex-US ETF 36.0 30 10 9.1 +3.3
RFDI First Trust Riverfront Dynamic Developed International ETF 35.6 83 -43 7.8 +2.0
VSGX Vanguard ESG International Stock ETF 35.2 17 23 8.9 +3.1
VPL Vanguard FTSE Pacific ETF 34.9 8 32 9.6 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 34.7 8 32 9.4 +3.6
IPAC iShares Core MSCI Pacific ETF 34.2 9 31 9.1 +3.4
DWM WisdomTree International Equity Fund 33.4 48 -8 10.3 +4.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 33.2 58 -18 7.6 +1.8
IXUS ishares Core MSCI Total International Stock ETF 32.8 9 31 9.3 +3.5
DOL WisdomTree International LargeCap Dividend Fund 32.7 48 -8 10.5 +4.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 32.2 35 5 10.6 +4.8
RFEU First Trust Riverfront Dynamic Europe ETF 32.0 83 -43 6.2 +0.4
VXUS Vanguard Total International Stock Index Fund 31.6 8 32 9.5 +3.7
TPIF Timothy Plan International ETF 31.5 62 -22 8.6 +2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 31.2 40 0 8.3 +2.5
RBIN Nationwide Risk-Based International Equity ETF 30.9 42 -2 8.2 +2.4
FDEV Fidelity Targeted International Factor ETF 30.7 39 1 7.6 +1.8
IQDG WisdomTree International Quality Dividend Growth Fund 30.7 38 2 7.8 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 30.7 58 -18 7.6 +1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.3 29 11 9.1 +3.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 29.8 20 20 6.6 +0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 29.6 25 15 6.3 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 29.3 24 16 8.9 +3.1
QINT American Century Quality Diversified International ETF 29.3 39 1 7.4 +1.6
EZU iShares MSCI Eurozone ETF 29.1 49 -9 8.6 +2.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.9 45 -5 8.6 +2.8
IGRO iShares International Dividend Growth ETF 28.5 22 18 9.5 +3.8
IQIN IQ 500 International ETF 28.5 25 15 10.8 +5.1
ISDX Invesco Strategic Developed ex-US ETF 28.3 23 17 9.7 +3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.1 45 -5 11.1 +5.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 28.1 39 1 11.4 +5.6
JPEU JPMorgan Diversified Return Europe Equity ETF 28.0 37 3 8.5 +2.7
FNDF Schwab Fundamental International Large Co. Index ETF 27.7 25 15 10.8 +5.0
EURZ Xtrackers Eurozone Equity ETF 27.4 9 31 8.9 +3.1
RNDM Developed International Equity Select ETF 27.1 65 -25 8.0 +2.2
OEUR O'shares FTSE Europe Quality Dividend ETF 26.3 48 -8 7.6 +1.8
SCID Global X Scientific Beta Europe ETF 26.1 38 2 8.6 +2.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.2 32 8 7.5 +1.7
BBJP JPMorgan BetaBuilders Japan ETF 24.8 19 21 9.4 +3.7
EWJ iShares MSCI Japan ETF 24.8 49 -9 9.2 +3.4
AVDE Avantis International Equity ETF 24.8 23 17 10.0 +4.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.6 25 15 9.2 +3.5
FLJP Franklin FTSE Japan ETF 24.6 9 31 9.6 +3.8
FLJH Franklin FTSE Japan Hedged ETF 24.6 9 31 9.6 +3.8
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 24.6 30 10 9.4 +3.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.6 45 -5 9.2 +3.4
QJPN SPDR MSCI Japan StrategicFactors ETF 24.0 14 26 9.7 +3.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.8 45 -5 8.5 +2.7
JPXN iShares JPX-Nikkei 400 ETF 23.6 48 -8 9.2 +3.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.4 9 31 9.6 +3.8
IDY Pacific Global International Equity Income ETF 22.7 39 1 10.7 +4.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 21.8 61 -21 6.3 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 21.2 42 -2 7.0 +1.2
JPGE JPMorgan Diversified Return Global Equity ETF 21.2 29 11 9.0 +3.2
DWMF WisdomTree International Multifactor Fund 20.9 38 2 8.1 +2.3
JPIN JPMorgan Diversified Return International Equity ETF 20.6 38 2 9.6 +3.8
HEDJ WisdomTree Europe Hedged Equity Fund 20.6 58 -18 9.6 +3.8
EWJE iShares MSCI Japan Equal Weighted ETF 20.0 15 25 8.6 +2.9
FIVA Fidelity International Value Factor ETF 19.7 39 1 12.8 +7.0

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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.58
 
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.