iShares Focused Value Factor
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.0x P/Sales
ratio
1.0x
P/BV
ratio
1.1x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Focused Value Factor ETF seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with prominent value characteristics.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 19, 2019
Assets (mns) $30
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $20,382
Large cap (>$10bn) 42.3%
Mid cap ($2-10bn) 57.8%
Small cap (<$2bn) 0.0%
Developed mkts 97.6%
Emerging mkts 2.4%

TOP TEN HOLDINGS
LEGG MASON INC 2.9 %
CNA FINANCIAL CORP 2.9 %
MERCURY GENERAL CORP 2.7 %
SIGNATURE BANK 2.7 %
UIL HOLDINGS CORP 2.7 %
KINDER MORGAN INC 2.7 %
CIT GROUP INC 2.7 %
LOEWS CORP 2.7 %
AMERICAN FINANCIAL GROUP INC 2.6 %
METLIFE INC 2.6 %
Total 27.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
PANAMA 2.6 %
PUERTO RICO 2.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.5% -- -- -- 1.3%

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

Technical Indicators
Recent close $49.71
30d moving avg. $49.93
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $3,872

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FOVL Expense: 25 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FOVL
Ticker Fund
Name
Overlap1
vs FOVL
(%)
Expense
ratio
(bp)
Savings
vs FOVL
(bp)
ALTAR
Score™
(%)
ALTAR
vs FOVL
(%)
KBE KBW Bank ETF 20.0 35 -10 8.5 -0.1
KRE SPDR KBW Regional Banking 19.9 35 -10 8.4 -0.2
FTXO First Trust Nasdaq Bank 17.7 60 -35 8.2 -0.4
KBWR Invesco KBW Regional Bank 16.5 35 -10 8.5 -0.1
SPVU Invesco S&P 500 Value 16.3 13 12 10.6 +1.9
RPV Invesco S&P 500 Pure Value ETF 14.3 35 -10 10.6 +2.0
IAT iShares DJ US Regional Banks 13.6 42 -17 7.8 -0.9
FXO First Trust Financial Alphadex 13.3 63 -38 7.8 -0.9
FLAG Forensic Accounting 12.1 152 -127 8.2 -0.4
KIE SPDR S&P Insurance 11.4 35 -10 6.9 -1.8
STLV iShares Factors US Value Style 11.1 25 0 7.0 -1.6
FTA First Trust Large Cap Value 10.4 62 -37 8.2 -0.4
SPVM Invesco S&P 500 Value with Momentum 10.3 39 -14 8.2 -0.4
RYF Invesco S&P Equal Weight Financials 10.1 40 -15 7.3 -1.4
CLRG IQ Chaikin U.S. Large Cap 10.1 25 0 8.0 -0.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 10.0 39 -14 9.9 +1.3
DVLU First Trust Dorsey Wright Momentum & Value 9.9 60 -35 8.3 -0.3
KBWB Invesco KBW Bank Portfolio 9.9 35 -10 8.1 -0.5
VDE Vanguard Energy 9.8 10 15 4.5 -4.2
JHME John Hancock Multifactor Energy 9.8 40 -15 4.0 -4.6

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%.

Content on this tab for subscribers only**

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 Focused Value Factor
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 10.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.56
 
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.