iShares High Dividend
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.2x P/Sales
ratio
2.1x
P/BV
ratio
2.4x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares High Dividend Equity Fund seeks to track the performance of the Morningstar Dividend Yield Focus Index.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Mar 31, 2011
Assets (mns) $7,501
Currency USD
Expense ratio 8 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $191,478
Large cap (>$10bn) 97.8%
Mid cap ($2-10bn) 2.1%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 9.8 %
EXXON MOBIL CORP 9.1 %
JOHNSON & JOHNSON 6.7 %
VERIZON COMMUNICATIONS INC 6.4 %
WELLS FARGO & CO 5.9 %
CHEVRON CORP 5.8 %
PFIZER INC 5.1 %
PROCTER & GAMBLE CO/THE 4.8 %
COCA-COLA CO/THE 3.8 %
CISCO SYSTEMS INC 3.5 %
Total 61.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.4 %
IRELAND 0.8 %
BRITAIN 0.2 %
NETHERLANDS 0.1 %







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.
15.2% 10.7% 8.1% -- 10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.77 75%
MSCI EAFE 0.69 52%
MSCI Emg. Mkts. 0.44 34%

Technical Indicators
Recent close $95.86
30d moving avg. $94.55
Annualized volatility 10.7%
Short interest (ETF) 0.3%
Short interest (Underlying) 1.8%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 264
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $17,015

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: HDV Expense: 8 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDV
Ticker Fund
Name
Overlap1
vs HDV
(%)
Expense
ratio
(bp)
Savings
vs HDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDV
(%)
DURA VanEck Vectors Morningstar Durable Dividend 48.4 29 -21 6.7 +0.1
FDL First Trust Morningstar Dividend Leaders 46.1 45 -37 8.5 +1.9
OUSA O'Shares FTSE U.S. Quality Dividend 44.8 48 -40 5.9 -0.7
DHS WisdomTree Equity Income 43.9 38 -30 7.3 +0.6
SCHD Schwab US Dividend Equity 42.1 6 2 7.3 +0.7
JKF iShares Morningstar Large Value 41.0 25 -17 7.7 +1.1
VYM Vanguard High Dividend Yield ETF 40.9 6 2 7.2 +0.6
OYLD Invesco Russell 1000 Yield Factor ETF 40.0 19 -11 7.0 +0.4
PWV Invesco Dynamic Large Cap Value 36.0 55 -47 7.9 +1.3
DJD Invesco Dow Jones Industrial Average Dividend 34.9 7 1 7.3 +0.7
MGV Vanguard Mega Cap 300 Value 32.3 7 1 7.0 +0.4
DGRO iShares Core Dividend Growth 31.7 8 0 6.4 -0.2
PFM Invesco Dividend Achievers 31.4 54 -46 5.4 -1.2
SCHV Schwab U.S. Large-Cap Value 30.5 4 4 7.0 +0.3
ACIO Aptus Collared Income Opportunity 30.1 79 -71 6.7 +0.1
IWX iShares Russell Top 200 Value 30.1 20 -12 6.9 +0.3
SPHQ Invesco S&P High Quality Portfolio 30.0 15 -7 5.6 -1.0
DLN WisdomTree Large Cap Dividend 29.9 28 -20 6.5 -0.2
USDY Pacific Global US Equity Income 29.0 29 -21 7.6 +1.0
VTV Vanguard Value ETF 28.9 4 4 7.2 +0.6

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%.

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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 High Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.4 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.55
 
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.