iShares MSCI EAFE Value
ALTAR
Score™
8.8% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.2x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
4.5%


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

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Aug 05, 2005
Assets (mns) $5,991
Currency USD
Expense ratio 38 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 508
Wgt avg mkt cap (mns) $62,659
Large cap (>$10bn) 86.4%
Mid cap ($2-10bn) 13.3%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 2.1 %
HSBC HOLDINGS PLC 2.1 %
BP PLC 1.8 %
TOTAL SA 1.7 %
ROYAL DUTCH SHELL PLC-A SHS 1.7 %
GLAXOSMITHKLINE PLC 1.6 %
SANOFI-AVENTIS 1.5 %
ROYAL DUTCH SHELL PLC-B SHS 1.5 %
BRITISH AMERICAN TOBACCO PLC 1.4 %
NOVARTIS AG-REG 1.4 %
Total 16.8 %

TOP COUNTRY EXPOSURE
JAPAN 24.3 %
BRITAIN 21.3 %
FRANCE 10.2 %
GERMANY 9.6 %
AUSTRALIA 6.9 %
SWITZERLAND 6.1 %
SPAIN 3.9 %
ITALY 3.4 %
HONG KONG 3.1 %
NETHERLANDS 1.8 %

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.
15.7% 15.7% 3.5% 3.9% 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.75 58%
MSCI EAFE 1.05 94%
MSCI Emg. Mkts. 0.72 76%

Technical Indicators
Recent close $50.09
30d moving avg. $49.88
Annualized volatility 12.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 631
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $22,369

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the iShares MSCI EAFE Value ETF based on the alternatives' overlap in portfolio holdings with EFV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFV Expense: 38 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFV
Ticker Fund
Name
Overlap1
vs EFV
(%)
Expense
ratio
(bp)
Savings
vs EFV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFV
(%)
IDY Pacific Global International Equity Income 66.3 39 -1 8.0 -0.8
PXF Invesco FTSE-RAFI Developed ex-US 59.7 45 -7 7.8 -1.0
DTH WisdomTree DEFA Equity Income 59.5 58 -20 8.2 -0.5
DOL WisdomTree Int'l Large Cap Dividend 58.9 48 -10 7.5 -1.3
FNDF Schwab Fundamental Intl Large Cap 57.1 25 13 7.4 -1.4
VYMI Vanguard Int'l High Dividend Yield 55.4 32 6 8.9 +0.2
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 55.3 35 3 7.5 -1.2
REFA Invesco International Revenue ETF 55.0 42 -4 8.5 -0.2
DWM WisdomTree DEFA Fund 54.3 48 -10 7.4 -1.4
EFA iShares MSCI EAFE 52.7 31 7 6.6 -2.1
IVLU iShares MSCI Int'l Developed Value Factor 52.2 30 8 10.1 +1.4
DBEF Xtrackers MSCI EAFE Hedged 50.7 35 3 6.5 -2.2
JHMD John Hancock Multifactor Developed International 49.8 45 -7 6.9 -1.8
IEV iShares S&P Europe 350 49.8 59 -21 6.1 -2.6
HFXI IQ 50 Percent Hedged FTSE Int'l 48.6 20 18 7.0 -1.8
BBEU JPMorgan BetaBuilders Europe 48.4 9 29 6.6 -2.2
DBEU Xtrackers Europe Hedged 48.3 45 -7 6.1 -2.6
EFAX SPDR MSCI EAFE Fossil Fuel Free 48.0 20 18 6.7 -2.0
FLEE Franklin FTSE Europe 47.3 9 29 6.6 -2.2

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 MSCI EAFE Value
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 9.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.