iShares MSCI Pacific ex-Japan ETF
ALTAR
Score™
6.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
2.7x
P/BV
ratio
1.4x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Pacific ex-Japan Index Fund seeks investment results that correspond generally to the price and yield performance of publicly traded securities in the Australia, Hong Kong, New Zealand, and Singapore markets, as represented by the MSCI Pacific Free ex-Japan Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 25, 2001
Assets (mns) $1,834
Currency USD
Expense ratio 48 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 132
Wgt avg mkt cap (mns) $45,026
Large cap (>$10bn) 76.7%
Mid cap ($2-10bn) 21.8%
Small cap (<$2bn) 0.0%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
AIA GROUP LTD 7.0 %
COMMONWEALTH BANK OF AUSTRAL 5.8 %
CSL LIMITED 5.7 %
BHP BILLITON LTD 5.3 %
HONG KONG EXCHANGES & CLEAR 3.7 %
WESTPAC BANKING CORP 2.8 %
NATIONAL AUSTRALIA BANK LTD 2.5 %
WESFARMERS LIMITED 2.4 %
AUST AND NZ BANKING GROUP 2.3 %
WOOLWORTHS LIMITED 2.2 %
Total 39.5 %

TOP COUNTRY EXPOSURE
AUSTRALIA 58.2 %
HONG KONG 26.6 %
SINGAPORE 9.2 %
NEW ZEALAND 2.8 %
MACAU 0.8 %
CHINA 0.7 %
IRELAND 0.6 %
BERMUDA 0.6 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.6% -10.1% 3.0% 4.3% 10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 71%
MSCI EAFE 1.02 85%
MSCI Emg. Mkts. 0.79 84%

Technical Indicators
Recent close $41.88
30d moving avg. $41.07
Annualized volatility 17.5%
Short interest (ETF) 0.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 362
Turnover 0.8%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $5,614

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EPP Expense: 48 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPP
Ticker Fund
Name
Overlap1
vs EPP
(%)
Expense
ratio
(bp)
Savings
vs EPP
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPP
(%)
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 92.4 19 29 6.8 +0.3
EWA iShares MSCI Australia ETF 58.8 50 -2 6.1 -0.4
FLAU Franklin FTSE Australia ETF 58.8 9 39 6.5 +0.0
SCIX Global X Scientific Beta Asia ex-Japan ETF 38.6 38 10 6.6 +0.1
EWH iShares MSCI Hong Kong ETF 28.4 49 -1 6.8 +0.3
FLHK Franklin FTSE Hong Kong ETF 27.1 9 39 8.0 +1.5
IPAC iShares Core MSCI Pacific ETF 26.2 9 39 7.2 +0.7
ZHOK SPDR Solactive Hong Kong ETF 26.1 14 34 6.8 +0.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 23.8 83 -35 5.3 -1.2
VPL Vanguard FTSE Pacific ETF 22.0 8 40 7.5 +1.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 20.5 80 -32 7.3 +0.8
FAUS First Trust Australia AlphaDEX Fund 19.1 80 -32 6.3 -0.3
AIA iShares Asia 50 ETF 18.2 50 -2 7.9 +1.4
DVYA iShares Asia/Pacific Dividend ETF 17.3 49 -1 12.8 +6.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.8 30 18 8.5 +2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.5 20 28 9.4 +2.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 15.3 30 18 6.0 -0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 14.7 20 28 5.4 -1.1
IDY Pacific Global International Equity Income ETF 14.5 39 9 7.9 +1.4
JPIN JPMorgan Diversified Return International Equity ETF 14.3 37 11 7.8 +1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.9 80 -32 6.5 -0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 13.6 35 13 6.8 +0.3
TPIF Timothy Plan International ETF 13.4 62 -14 6.2 -0.4
LVHI Legg Mason International Low Volatility High Dividend ETF 13.4 40 8 9.0 +2.5
DWMF WisdomTree International Multifactor Fund 13.2 38 10 6.6 +0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 13.2 30 18 7.2 +0.7
IDHQ Invesco S&P International Developed Quality ETF 13.2 29 19 5.0 -1.5
IDOG ALPS International Sector Dividend Dogs ETF 13.1 50 -2 10.6 +4.1
INTF iShares Edge MSCI Multifactor Intl ETF 13.1 30 18 7.7 +1.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.1 45 3 9.8 +3.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 13.1 24 24 7.0 +0.5
DTH WisdomTree DEFA Equity Income Fund 12.9 58 -10 9.6 +3.1
QEFA SPDR MSCI EAFE Quality Mix ETF 12.4 30 18 6.8 +0.3
EFAS Global X MSCI SuperDividend EAFE ETF 12.4 56 -8 9.6 +3.1
IDLV Invesco S&P International Developed Low Volatility ETF 12.3 25 23 6.7 +0.2
IDMO Invesco S&P International Developed Momentum ETF 12.2 26 22 4.4 -2.1
EFV iShares MSCI EAFE Value ETF 11.6 39 9 9.4 +2.9
DOL WisdomTree International LargeCap Dividend Fund 11.6 48 0 8.5 +2.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 11.4 30 18 0.0 -6.5
EFA iShares MSCI EAFE ETF 11.4 32 16 6.9 +0.4
IDV iShares International Select Dividend ETF 11.4 49 -1 10.0 +3.5
GSID Goldman Sachs MarketBeta International Equity ETF 11.4 20 28 7.2 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.3 20 28 10.8 +4.3
CIL VictoryShares International Volatility Weighted Index ETF 11.3 45 3 6.5 +0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 11.2 45 3 6.5 +0.0
EFG iShares MSCI EAFE Growth ETF 11.2 40 8 4.5 -2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 11.2 20 28 6.8 +0.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 11.1 10 38 9.2 +2.7
JHMD John Hancock Multifactor Developed International ETF 11.1 39 9 7.3 +0.8
DWM WisdomTree International Equity Fund 11.1 48 0 8.2 +1.7
DIM WisdomTree International MidCap Dividend Fund 11.1 58 -10 7.5 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.1 35 13 8.4 +1.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.1 35 13 6.7 +0.2
GNR SPDR S&P Global Natural Resources ETF 11.0 40 8 6.3 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.8 20 28 7.0 +0.5
IQSI IQ Candriam ESG International Equity ETF 10.8 15 33 7.2 +0.7
HFXI IQ 50 Percent Hedged FTSE International ETF 10.7 20 28 7.3 +0.8
VNQI Vanguard Global ex-US Real Estate Index Fund 10.7 12 36 10.1 +3.6
WPS iShares International Developed Property ETF 10.7 48 0 7.9 +1.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.6 14 34 6.9 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.5 32 16 6.3 -0.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.4 68 -20 7.0 +0.5
VGFO Virtus WMC Global Factor Opportunities ETF 10.2 49 -1 7.8 +1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 10.1 40 8 6.7 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 10.1 7 41 7.4 +0.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 10.1 29 19 7.6 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.0 29 19 8.5 +2.0
FLAX Franklin FTSE Asia Ex Japan ETF 9.9 19 29 7.6 +1.1
FIDI Fidelity International High Dividend ETF 9.9 39 9 11.0 +4.5
IEFA iShares Core MSCI EAFE ETF 9.8 7 41 7.2 +0.7
GCOW Pacer Global High Dividend ETF 9.8 60 -12 10.2 +3.7
BKIE BNY Mellon International Equity ETF 9.7 4 44 7.2 +0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.7 25 23 6.5 -0.0
RNDM Developed International Equity Select ETF 9.6 65 -17 6.2 -0.3
FIVA Fidelity International Value Factor ETF 9.5 39 9 9.8 +3.3
IXG iShares Global Financials ETF 9.5 46 2 9.7 +3.2
SCHF Schwab International Equity ETF 9.3 6 42 7.2 +0.7
EWS iShares MSCI Singapore ETF 9.3 50 -2 8.6 +2.1
RFDI First Trust Riverfront Dynamic Developed International ETF 9.3 83 -35 5.6 -0.9
DRW WisdomTree Global ex-US Real Estate Fund 9.2 58 -10 10.6 +4.1
WWJD Inspire International ESG ETF 9.2 80 -32 7.3 +0.8
VYMI Vanguard International High Dividend Yield ETF 9.2 32 16 9.9 +3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 9.1 39 9 6.8 +0.3
IFGL iShares International Developed Real Estate ETF 9.1 48 0 7.7 +1.2
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 9.1 60 -12 7.2 +0.7
IDEV iShares Core MSCI International Developed Markets ETF 9.1 5 43 7.1 +0.6
MVIN Natixis Seeyond International Minimum Volatility ETF 8.8 56 -8 5.3 -1.2
DOO WisdomTree International Dividend ex-Financials Fund 8.8 58 -10 8.6 +2.1
FDEV Fidelity Targeted International Factor ETF 8.7 39 9 6.5 -0.0
GUNR Flexshares Morningstar Global Upstream Natural Resources 8.6 46 2 5.5 -1.0
MXI iShares Global Materials ETF 8.6 46 2 5.7 -0.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.5 35 13 8.5 +2.0
SPDW SPDR Portfolio Developed World ex-US ETF 8.4 4 44 7.0 +0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.4 47 1 11.9 +5.4
PDEV Principal International Multi-Factor Core Index ETF 8.3 25 23 7.7 +1.2
DWCR Arrow DWA Country Rotation ETF 8.3 95 -47 13.6 +7.1
ESGN Columbia Sustainable International Equity Income ETF 8.2 45 3 10.4 +3.9
VEA Vanguard FTSE Developed Markets ETF 8.1 5 43 7.3 +0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 8.0 45 3 7.0 +0.5

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 Pacific ex-Japan ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.45
 
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.