iShares MSCI EAFE Growth ETF
ALTAR
Score™
4.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
34.2x P/Sales
ratio
2.6x
P/BV
ratio
3.3x Div.
yield
1.4%


  • 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 01, 2005
Assets (mns) $10,009
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 438
Wgt avg mkt cap (mns) $82,165
Large cap (>$10bn) 89.2%
Mid cap ($2-10bn) 8.7%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 4.1 %
ROCHE HOLDING AG-GENUSSCHEIN 3.2 %
ASML HOLDING NV 2.8 %
LVMH MOET HENNESSY LOUIS VUI 2.1 %
AIA GROUP LTD 2.1 %
ASTRAZENECA PLC 1.7 %
SAP AG 1.7 %
SONY CORP 1.6 %
NOVO NORDISK A/S-B 1.6 %
KEYENCE CORP 1.3 %
Total 22.2 %

TOP COUNTRY EXPOSURE
JAPAN 26.4 %
SWITZERLAND 13.0 %
FRANCE 9.3 %
BRITAIN 8.9 %
GERMANY 6.3 %
AUSTRALIA 5.5 %
NETHERLANDS 5.1 %
SWEDEN 4.7 %
DENMARK 4.5 %
HONG KONG 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.8% 17.8% 10.3% 7.2% 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.79 86%
MSCI EAFE 0.83 93%
MSCI Emg. Mkts. 0.65 73%

Technical Indicators
Recent close $101.31
30d moving avg. $100.13
Annualized volatility 16.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 446
Turnover 0.5%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $36,632

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 4.1%


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
(%)
DFAI Dimensional International Core Equity Market ETF 80.0 18 22 6.4 +2.3
DMXF iShares ESG Advanced MSCI EAFE ETF 55.4 12 28 6.2 +2.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 52.0 20 20 6.5 +2.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 50.7 30 10 4.2 +0.1
EFA iShares MSCI EAFE ETF 49.5 32 8 6.3 +2.2
IQSI IQ Candriam ESG International Equity ETF 48.5 15 25 6.4 +2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.4 14 26 6.1 +2.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 48.3 30 10 5.3 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 48.2 35 5 6.1 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 47.1 20 20 6.4 +2.2
ESGD iShares MSCI EAFE ESG Optimized ETF 47.0 20 20 6.2 +2.1
QEFA SPDR MSCI EAFE Quality Mix ETF 45.4 30 10 6.0 +1.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 45.3 35 5 6.0 +1.9
BKIE BNY Mellon International Equity ETF 45.0 4 36 6.6 +2.5
HFXI IQ 50 Percent Hedged FTSE International ETF 44.8 20 20 6.5 +2.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 44.5 45 -5 6.0 +1.9
IEV iShares Europe ETF 44.5 59 -19 6.3 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 44.3 9 31 6.7 +2.6
FLEE Franklin FTSE Europe ETF 43.7 9 31 6.5 +2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 43.2 7 33 6.6 +2.5
FLEH Franklin FTSE Europe Hedged ETF 43.2 9 31 6.5 +2.4
IEFA iShares Core MSCI EAFE ETF 42.6 7 33 6.6 +2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 41.8 25 15 6.1 +1.9
JHMD John Hancock Multifactor Developed International ETF 40.8 39 1 6.6 +2.5
IEUR iShares Core MSCI Europe ETF 40.5 9 31 6.6 +2.5
SCHF Schwab International Equity ETF 40.3 6 34 6.6 +2.5
VGK Vanguard FTSE Europe ETF 40.1 8 32 6.8 +2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 39.7 25 15 5.9 +1.8
SPEU SPDR Portfolio Europe ETF 39.2 9 31 6.8 +2.7
RESD WisdomTree International ESG Fund 38.7 30 10 6.5 +2.4
IDEV iShares Core MSCI International Developed Markets ETF 38.2 5 35 6.5 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 37.1 4 36 6.3 +2.2
IDMO Invesco S&P International Developed Momentum ETF 37.1 26 14 3.8 -0.4
VIGI Vanguard International Dividend Appreciation ETF 37.0 20 20 5.2 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 36.6 39 1 5.6 +1.5
VSGX Vanguard ESG International Stock ETF 36.2 17 23 6.4 +2.3
IPAC iShares Core MSCI Pacific ETF 36.2 9 31 6.4 +2.2
VEA Vanguard FTSE Developed Markets ETF 35.8 5 35 6.6 +2.5
CIL VictoryShares International Volatility Weighted Index ETF 33.6 45 -5 6.4 +2.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.4 45 -5 6.4 +2.3
VPL Vanguard FTSE Pacific ETF 33.2 8 32 6.5 +2.3
IQDG WisdomTree International Quality Dividend Growth Fund 31.9 42 -2 6.1 +1.9
PDEV Principal International Multi-Factor Core Index ETF 31.8 25 15 7.1 +2.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 31.7 58 -18 5.9 +1.7
DOL WisdomTree International LargeCap Dividend Fund 31.5 48 -8 7.2 +3.1
ISZE iShares Edge MSCI Intl Size Factor ETF 31.3 30 10 6.4 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 31.3 32 8 6.4 +2.2
IDHQ Invesco S&P International Developed Quality ETF 31.3 29 11 4.8 +0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 31.0 16 24 6.1 +1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 31.0 40 0 6.0 +1.8
RBIN Nationwide Risk-Based International Equity ETF 30.9 42 -2 6.1 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 30.5 40 0 6.1 +2.0
TPIF Timothy Plan International ETF 30.4 62 -22 6.1 +2.0
CWI SPDR MSCI ACWI ex-US ETF 30.1 30 10 6.3 +2.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 29.4 58 -18 6.5 +2.4
VEU Vanguard FTSE All-World ex-US Index Fund 29.2 8 32 6.8 +2.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.9 40 0 7.3 +3.2
JIG JPMorgan International Growth ETF 27.5 55 -15 2.6 -1.6
DWM WisdomTree International Equity Fund 27.1 48 -8 7.2 +3.1
IXUS ishares Core MSCI Total International Stock ETF 27.0 9 31 6.6 +2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 26.5 83 -43 5.2 +1.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.5 20 20 5.0 +0.9
EWJ iShares MSCI Japan ETF 26.4 51 -11 6.1 +2.0
FLJP Franklin FTSE Japan ETF 26.3 9 31 6.6 +2.4
FLJH Franklin FTSE Japan Hedged ETF 26.3 9 31 6.5 +2.4
EZU iShares MSCI Eurozone ETF 26.3 51 -11 6.0 +1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 26.3 25 15 6.3 +2.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 26.2 45 -5 6.1 +2.0
BBJP JPMorgan BetaBuilders Japan ETF 26.1 19 21 6.5 +2.3
ZJPN SPDR Solactive Japan ETF 25.9 14 26 6.6 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 25.9 83 -43 5.7 +1.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.9 29 11 7.1 +3.0
OEUR O'shares FTSE Europe Quality Dividend ETF 25.7 48 -8 5.2 +1.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.7 45 -5 6.0 +1.9
JPXN iShares JPX-Nikkei 400 ETF 25.7 48 -8 6.3 +2.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 25.4 9 31 6.7 +2.6
AVDE Avantis International Equity ETF 25.3 23 17 7.0 +2.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.2 32 8 5.7 +1.6
EURZ Xtrackers Eurozone Equity ETF 25.0 9 31 6.6 +2.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.7 24 16 6.6 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 24.4 39 1 7.5 +3.4
FDEV Fidelity Targeted International Factor ETF 23.9 39 1 6.2 +2.1
QINT American Century Quality Diversified International ETF 23.6 39 1 5.8 +1.6
RNDM First Trust Developed International Equity Select ETF 22.7 65 -25 5.8 +1.6
VXUS Vanguard Total International Stock ETF 22.6 8 32 6.7 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 22.3 45 -5 7.7 +3.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 21.4 45 -5 6.2 +2.0
IQIN IQ 500 International ETF 21.0 25 15 7.6 +3.5
PIZ Invesco DWA Developed Markets Momentum ETF 20.1 81 -41 4.6 +0.4
FNDF Schwab Fundamental International Large Co. Index ETF 19.9 25 15 7.7 +3.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 19.6 23 17 6.3 +2.2
IGRO iShares International Dividend Growth ETF 19.6 15 25 7.1 +2.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 19.3 58 -18 5.1 +1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 19.1 42 -2 4.7 +0.6
DWMF WisdomTree International Multifactor Fund 19.0 38 2 6.3 +2.1
JPIN JPMorgan Diversified Return International Equity ETF 19.0 37 3 7.1 +3.0
DXJ WisdomTree Japan Hedged Equity Fund 18.4 48 -8 7.4 +3.3

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 3.1 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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