iShares MSCI EAFE ESG Optimized
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.2x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EAFE ESG Optimized ETF& tracks an index of developed market international companies that have been selected and weighted for positive environmental, social, and governance characteristics.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 28, 2016
Assets (mns) $1,299
Currency USD
Expense ratio 20 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Principles-based
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 457
Wgt avg mkt cap (mns) $58,043
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 13.9%
Small cap (<$2bn) 0.3%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 2.3 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
BP PLC 1.2 %
TOYOTA MOTOR CORP 1.2 %
TOTAL SA 1.0 %
SIEMENS AG-REG 0.9 %
ASML HOLDING NV 0.9 %
ALLIANZ SE-REG 0.9 %
ASTRAZENECA PLC 0.9 %
AIA GROUP LTD 0.9 %
Total 11.8 %

TOP COUNTRY EXPOSURE
JAPAN 24.4 %
BRITAIN 15.4 %
FRANCE 10.5 %
SWITZERLAND 9.4 %
GERMANY 7.5 %
AUSTRALIA 6.7 %
NETHERLANDS 4.3 %
HONG KONG 3.0 %
SPAIN 2.8 %
SWEDEN 2.7 %

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.
18.0% 12.4% -- -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 0.75 65%
MSCI EAFE 0.99 98%
MSCI Emg. Mkts. 0.70 79%

Technical Indicators
Recent close $67.31
30d moving avg. $65.37
Annualized volatility 11.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 196
Turnover 1.0%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $33,405

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ESGD Expense: 20 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGD
Ticker Fund
Name
Overlap1
vs ESGD
(%)
Expense
ratio
(bp)
Savings
vs ESGD
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGD
(%)
EFA iShares MSCI EAFE 70.0 31 -11 7.0 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free 69.2 20 0 7.1 +0.3
DBEF Xtrackers MSCI EAFE Hedged 68.3 35 -15 6.8 -0.0
HFXI IQ 50 Percent Hedged FTSE Int'l 67.1 20 0 7.2 +0.4
PBDM Invesco PureBeta FTSE Developed ex-North America 63.5 7 13 7.5 +0.7
IEFA iShares Core MSCI EAFE 61.7 7 13 7.1 +0.2
JHMD John Hancock Multifactor Developed International 61.0 45 -25 7.2 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity 60.4 14 6 6.7 -0.2
SCHF Schwab International Equity 59.4 6 14 7.4 +0.5
QEFA SPDR MSCI EAFE Quality Mix 57.9 30 -10 6.6 -0.3
IDEV iShares Core MSCI Int'l Developed Markets 56.9 5 15 7.1 +0.3
SPDW SPDR Portfolio World ex-US 56.4 4 16 7.2 +0.3
DOL WisdomTree Int'l Large Cap Dividend 56.3 48 -28 7.7 +0.8
DWM WisdomTree DEFA Fund 55.5 48 -28 7.7 +0.8
DBEU Xtrackers Europe Hedged 55.3 45 -25 6.4 -0.4
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 55.2 35 -15 7.8 +0.9
BBEU JPMorgan BetaBuilders Europe 55.2 9 11 6.9 +0.0
IEV iShares S&P Europe 350 54.9 59 -39 6.4 -0.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 54.6 30 -10 6.7 -0.2
FLEE Franklin FTSE Europe 54.5 9 11 6.9 +0.0

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

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 ESG Optimized
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.