iShares MSCI EAFE Growth
ALTAR
Score™
5.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
20.3x P/Sales
ratio
1.6x
P/BV
ratio
2.7x Div.
yield
2.2%


  • 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) $4,328
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 537
Wgt avg mkt cap (mns) $69,258
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 15.8%
Small cap (<$2bn) 0.5%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 4.2 %
ROCHE HOLDING AG-GENUSSCHEIN 2.7 %
SAP AG 1.7 %
AIA GROUP LTD 1.7 %
LVMH MOET HENNESSY LOUIS VUI 1.6 %
NOVARTIS AG-REG 1.6 %
ASTRAZENECA PLC 1.6 %
ASML HOLDING NV 1.5 %
NOVO NORDISK A/S-B 1.3 %
SIEMENS AG-REG 1.3 %
Total 19.2 %

TOP COUNTRY EXPOSURE
JAPAN 24.0 %
SWITZERLAND 13.2 %
FRANCE 10.6 %
BRITAIN 10.4 %
GERMANY 8.3 %
NETHERLANDS 6.9 %
AUSTRALIA 6.5 %
HONG KONG 3.5 %
DENMARK 3.2 %
SWEDEN 3.1 %

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.
21.8% 16.5% 5.9% 6.8% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.74 63%
MSCI EAFE 0.95 90%
MSCI Emg. Mkts. 0.68 75%

Technical Indicators
Recent close $83.88
30d moving avg. $81.76
Annualized volatility 11.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 386
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $27,980

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI EAFE Growth 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™: 5.1%


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 57.8 20 20 7.2 +2.1
EFA iShares MSCI EAFE 54.9 31 9 7.0 +1.9
IMTM iShares MSCI Int'l Developed Momentum 53.7 30 10 5.3 +0.2
DBEF Xtrackers MSCI EAFE Hedged 53.5 35 5 6.8 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity 52.3 14 26 6.7 +1.6
DBEU Xtrackers Europe Hedged 51.6 45 -5 6.4 +1.3
IEV iShares S&P Europe 350 51.4 59 -19 6.4 +1.3
HFXI IQ 50 Percent Hedged FTSE Int'l 51.1 20 20 7.2 +2.1
QEFA SPDR MSCI EAFE Quality Mix 50.6 30 10 6.6 +1.5
ESGD iShares MSCI EAFE ESG Optimized 50.4 20 20 6.9 +1.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 49.8 30 10 6.7 +1.6
FLEE Franklin FTSE Europe 49.6 9 31 6.9 +1.8
BBEU JPMorgan BetaBuilders Europe 49.3 9 31 6.9 +1.8
FLEH Franklin FTSE Europe Hedged 49.1 9 31 6.9 +1.8
PBDM Invesco PureBeta FTSE Developed ex-North America 48.7 7 33 7.5 +2.5
IEFA iShares Core MSCI EAFE 47.6 7 33 7.1 +2.0
IEUR iShares Core MSCI Europe 47.1 9 31 6.9 +1.8
IQLT iShares MSCI Int'l Developed Quality 46.8 30 10 6.2 +1.1
JHMD John Hancock Multifactor Developed International 46.1 45 -5 7.2 +2.1
FEU SPDR DJ Stoxx 50 45.5 9 31 6.8 +1.8

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

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 MSCI EAFE Growth
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 13.6 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.63
 
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.