iShares MSCI Israel Capped
ALTAR
Score™
9.0% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.9x P/Sales
ratio
2.0x
P/BV
ratio
1.4x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Israel Capped Investable Market Index Fund seeks investment results that correspond to the performance of the MSCI Israel Capped Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 28, 2008
Assets (mns) $120
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 73
Wgt avg mkt cap (mns) $7,016
Large cap (>$10bn) 27.9%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 23.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHECK POINT SOFTWARE TECH 11.1 %
BANK LEUMI LE-ISRAEL 8.7 %
TEVA PHARMACEUTICAL-SP ADR 7.7 %
BANK HAPOALIM BM 7.3 %
NICE SYSTEMS LTD 7.3 %
ISRAEL DISCOUNT BANK-A 4.5 %
WIX.COM LTD 4.2 %
ELBIT SYSTEMS LTD 3.4 %
CYBERARK SOFTWARE LTD. 3.2 %
MIZRAHI TEFAHOT BANK LTD 3.1 %
Total 60.4 %

TOP COUNTRY EXPOSURE
ISRAEL 96.9 %
UNITED STATES 0.2 %









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.
15.7% 7.3% 4.4% 3.5% 3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.11 70%
MSCI EAFE 0.93 42%
MSCI Emg. Mkts. 0.64 32%

Technical Indicators
Recent close $57.36
30d moving avg. $55.60
Annualized volatility 16.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.6%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $302

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Israel Capped ETF based on the alternatives' overlap in portfolio holdings with EIS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EIS Expense: 59 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EIS
Ticker Fund
Name
Overlap1
vs EIS
(%)
Expense
ratio
(bp)
Savings
vs EIS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EIS
(%)
ISRA VanEck Vectors Israel 61.9 60 -1 7.2 -1.8
ITEQ BlueStar TA-BIGITech Israel Technology 31.3 75 -16 2.3 -6.8
IZRL ARK Israel Innovative Technology 17.8 49 10 0.4 -8.7
BUG Global X Cybersecurity 10.3 50 9 1.2 -7.9
IHAK iShares Cybersecurity & Tech 8.0 47 12 3.1 -5.9
HACK ETFMG Prime Cyber Security 7.0 60 -1 3.5 -5.5
PXQ Invesco Dynamic Networking 6.4 63 -4 4.1 -4.9
MVIN Natixis Seeyond International Minimum Volatility 6.2 55 4 6.2 -2.8
CIBR First Trust NASDAQ Cybersecurity 6.2 60 -1 3.6 -5.5
AIIQ AI Powered International Equity 4.9 79 -20 4.4 -4.6
IMOM MomentumShares Int'l Quantitative Momentum 4.8 59 0 4.9 -4.2
PPH VanEck Vectors Pharmaceuticals 4.2 36 23 9.6 +0.5
TCLD Tortoise Cloud Infrastructure Fund 4.2 40 19 5.1 -4.0
FITE SPDR Kensho Future Security 4.2 45 14 4.1 -5.0
UIVM USAA MSCI International Value Momentum Blend Index 3.9 35 24 8.2 -0.8
DWMF WisdomTree International Multifactor Fund 3.7 38 21 6.4 -2.6
XITK SPDR FactSet Innovative Technology 3.5 45 14 2.7 -6.3
CWS AdvisorShares Focused Equity 3.5 85 -26 5.6 -3.5
SOIL Global X Fertilizers/Potash 3.0 69 -10 5.3 -3.7
IDLB Invesco FTSE Int'l Low Beta Equal Weight 2.9 45 14 7.0 -2.0

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

  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 Israel Capped
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 12.9 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.