iShares MSCI Japan Value
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.7x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Japan Value ETF seeks to track the investment results of an index composed of large- and mid-capitalization Japanese equities with value characteristics and relatively lower valuations.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 05, 2019
Assets (mns) $8
Currency USD
Expense ratio 15 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 168
Wgt avg mkt cap (mns) $45,040
Large cap (>$10bn) 78.4%
Mid cap ($2-10bn) 21.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 9.2 %
MITSUBISHI UFJ FINANCIAL GRO 3.6 %
TAKEDA PHARMACEUTICAL CO LTD 3.4 %
KDDI CORPORATION 3.0 %
SUMITOMO MITSUI FINANCIAL GR 2.8 %
HONDA MOTOR CO LTD 2.6 %
MIZUHO FINANCIAL GROUP INC 2.1 %
NTT DOCOMO, INC. 2.1 %
TOKIO MARINE HOLDINGS INC 2.1 %
MITSUBISHI CORP 2.0 %
Total 32.9 %

TOP COUNTRY EXPOSURE
JAPAN 98.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
7.8% -- -- -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $26.63
30d moving avg. $26.37
Annualized volatility 0.0%
Short interest (ETF) 0.4%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $7,679

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EWJV Expense: 15 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWJV
Ticker Fund
Name
Overlap1
vs EWJV
(%)
Expense
ratio
(bp)
Savings
vs EWJV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWJV
(%)
DXJ WisdomTree Japan Hedged Equity 54.3 48 -33 8.6 -1.4
EWJ iShares MSCI Japan 51.9 47 -32 7.6 -2.4
QJPN SPDR MSCI Japan Quality Mix 51.0 14 1 7.9 -2.0
DBJP Xtrackers MSCI Japan Hedged 50.5 45 -30 7.6 -2.4
BBJP JPMorgan BetaBuilders Japan 49.8 19 -4 7.8 -2.2
HFXJ IQ 50 Percent Hedged FTSE Japan 48.0 30 -15 7.7 -2.2
FLJP Franklin FTSE Japan 47.4 9 6 7.9 -2.0
FLJH Franklin FTSE Japan Hedged 47.1 9 6 8.0 -2.0
JPXN iShares JPX-Nikkei 400 46.8 48 -33 7.5 -2.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity 46.6 9 6 7.9 -2.0
GSJY Goldman Sachs ActiveBeta Japan Equity 45.7 25 -10 7.6 -2.3
EWJE iShares MSCI Japan Equal Weighted 38.5 15 0 7.2 -2.8
SCIJ Global X Scientific Beta Japan 38.5 39 -24 6.9 -3.1
JPMV iShares MSCI Japan Min Volatility 38.2 30 -15 6.6 -3.3
IVLU iShares MSCI Int'l Developed Value Factor 32.9 30 -15 10.2 +0.3
IPAC iShares Core MSCI Pacific 31.1 9 6 7.4 -2.5
RFAP First Trust Riverfront Dynamic Asia Pacific 29.0 83 -68 7.2 -2.7
VPL Vanguard Pacific ETF 26.3 9 6 7.7 -2.2
REFA Invesco International Revenue ETF 25.3 42 -27 8.7 -1.3
FJP First Trust Japan AlphaDEX 25.3 80 -65 8.6 -1.3

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

  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 Japan 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 8.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.