iShares Cohen & Steers REIT ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.0x P/Sales
ratio
8.2x
P/BV
ratio
2.7x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Cohen & Steers Realty Majors Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of large, actively traded U.S. real estate investment trusts, as represented by the Cohen & Steers Realty Majors Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Feb 02, 2001
Assets (mns) $1,829
Currency USD
Expense ratio 34 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $32,199
Large cap (>$10bn) 89.9%
Mid cap ($2-10bn) 10.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMERICAN TOWER CORP-CL A 8.4 %
PROLOGIS INC 8.2 %
EQUINIX INC 8.1 %
DIGITAL REALTY TRUST INC 7.3 %
SBA COMMUNICATIONS CORP. CLASS A 6.6 %
PUBLIC STORAGE 5.7 %
AVALONBAY COMMUNITIES INC 4.4 %
EQUITY RESIDENTIAL 4.1 %
WELLTOWER, INC. 3.9 %
ALEXANDRIA REAL ESTATE EQUIT 3.7 %
Total 60.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.8% -8.4% 4.4% 9.0% 10.6%

Market Correlations
versus... Beta R-squared
S&P500 0.67 48%
MSCI EAFE 0.66 40%
MSCI Emg. Mkts. 0.48 32%

Technical Indicators
Recent close $100.21
30d moving avg. $96.09
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 126
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $4,927

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Cohen & Steers REIT ETF ETF based on the alternatives' overlap in portfolio holdings with ICF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ICF Expense: 34 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ICF
Ticker Fund
Name
Overlap1
vs ICF
(%)
Expense
ratio
(bp)
Savings
vs ICF
(bp)
ALTAR
Score™
(%)
ALTAR
vs ICF
(%)
XLRE The Real Estate Select Sector SPDR Fund 70.2 13 21 5.7 -0.5
RWR SPDR Dow Jones REIT ETF 64.3 25 9 7.9 +1.7
SCHH Schwab U.S. REIT ETF 63.9 7 27 8.1 +1.9
FRI First Trust S&P REIT Index Fund 61.1 50 -16 7.4 +1.2
USRT iShares Core U.S. REIT ETF 60.8 8 26 7.8 +1.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 60.6 11 23 7.8 +1.6
PSR Invesco Active U.S. Real Estate Fund 60.5 35 -1 6.5 +0.3
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 58.4 40 -6 7.5 +1.3
IYR iShares U.S. Real Estate ETF 56.2 42 -8 6.9 +0.7
FREL Fidelity MSCI Real Estate Index ETF 56.1 8 26 7.0 +0.8
VNQ Vanguard REIT Index Fund 51.2 12 22 6.9 +0.7
PPTY PPTY-U.S. Diversified Real Estate ETF 43.0 53 -19 6.7 +0.5
REET iShares Global REIT ETF 39.9 14 20 7.8 +1.6
RWO SPDR Dow Jones Global Real Estate ETF 39.5 50 -16 7.5 +1.3
REZ iShares Residential Real Estate Capped ETF 36.1 48 -14 6.4 +0.2
GQRE FlexShares Global Quality Real Estate Index Fund 35.3 45 -11 7.9 +1.7
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 32.7 60 -26 7.6 +1.4
NURE Nuveen Short-Term REIT ETF 29.2 35 -1 8.3 +2.1
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 25.7 60 -26 3.0 -3.2
RORE Hartford Multifactor REIT ETF 20.3 45 -11 16.0 +9.8
HOMZ Hoya Capital Housing ETF 17.4 45 -11 7.4 +1.2
PFI Invesco DWA Financial Momentum ETF 16.3 60 -26 3.5 -2.7
GRI ALPS REIT Dividend Dogs ETF 16.1 35 -1 16.3 +10.1
IYF iShares U.S. Financials ETF 13.6 42 -8 7.2 +1.0
GLIF AGFiQ Global Infrastructure ETF 12.4 45 -11 5.2 -1.0
JKG iShares Morningstar Mid-Cap ETF 11.4 25 9 6.3 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 11.3 46 -12 5.5 -0.7
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 10.7 60 -26 4.3 -1.9
RTL Pacer Benchmark Retail Real Estate SCTR ETF 10.6 60 -26 13.2 +7.0
SPYD SPDR S&P 500 High Dividend ETF 10.0 7 27 10.5 +4.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.6 30 4 9.7 +3.5
NXTG First Trust Indxx NextG ETF 9.1 70 -36 6.2 -0.0
LGLV SPDR Russell 1000 Low Volatility ETF 8.9 12 22 5.7 -0.5
NUMV Nuveen ESG Mid-Cap Value ETF 8.8 40 -6 9.0 +2.8
FIVG Defiance Next Gen Connectivity ETF 8.4 30 4 4.4 -1.8
VOT Vanguard Mid-Cap Growth Index Fund 8.2 7 27 3.7 -2.5
VSL Volshares Large Capital ETF 8.2 65 -31 5.8 -0.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 8.0 60 -26 5.4 -0.8
BIBL Inspire ETF 7.8 35 -1 4.8 -1.4
IWS iShares Russell Mid-Cap Value ETF 7.3 24 10 7.5 +1.3
CZA Invesco Zacks Mid-Cap ETF 6.6 76 -42 6.4 +0.2
OLD The Long-Term Care ETF 6.5 35 -1 6.7 +0.5
QDIV Global X S&P 500 Quality Dividend ETF 6.5 20 14 8.4 +2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 6.3 35 -1 6.0 -0.2
MILN Global X Millennials Thematic ETF 6.2 50 -16 3.2 -3.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 5.5 65 -31 5.7 -0.5
USMV iShares Edge MSCI Min Vol USA ETF 5.3 15 19 5.7 -0.5
VO Vanguard Mid-Cap Index Fund 5.3 4 30 5.7 -0.5
LSLT Salt Low truBeta US Market ETF 5.2 0 34 7.3 +1.1
FDVV Fidelity Core Dividend ETF 5.0 29 5 7.6 +1.4
LVHD Legg Mason Low Volatility High Dividend ETF 4.9 27 7 8.8 +2.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 4.9 30 4 6.2 +0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 4.9 38 -4 8.1 +1.9
IWR iShares Russell Midcap ETF 4.8 19 15 5.9 -0.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 4.8 34 0 5.4 -0.8
NETL NETLease Corporate Real Estate ETF 4.7 60 -26 8.9 +2.7
SDY SPDR S&P Dividend ETF 4.7 35 -1 7.2 +1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 4.7 20 14 7.9 +1.7
SPMO Invesco S&P 500 Momentum ETF 4.5 13 21 4.5 -1.8
VRAI Virtus Real Asset Income ETF 4.3 55 -21 11.7 +5.5
QLC FlexShares US Quality Large Cap Index Fund 4.3 32 2 5.6 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 4.3 9 25 6.1 -0.1
NULV Nuveen ESG Large-Cap Value ETF 4.2 35 -1 7.6 +1.4
PMOM Principal Sustainable Momentum Index ETF 4.2 29 5 10.7 +4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.2 47 -13 6.7 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 4.1 61 -27 3.0 -3.2
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 4.1 75 -41 5.9 -0.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 4.1 35 -1 6.3 +0.1
VEGN US Vegan Climate ETF 4.0 60 -26 5.3 -0.9
RSP Invesco S&P 500 Equal Weight ETF 4.0 20 14 7.2 +1.0
JMOM JPMorgan U.S. Momentum Factor ETF 4.0 12 22 4.0 -2.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 4.0 15 19 6.9 +0.7
SPDV AAM S&P 500 High Dividend Value ETF 4.0 29 5 10.9 +4.7
NULC Nuveen ESG Large-Cap ETF 4.0 20 14 5.4 -0.9
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.0 29 5 7.5 +1.3
QLV FlexShares US Quality Low Volatility Index Fund 3.9 22 12 5.2 -1.0
SIZE iShares Edge MSCI USA Size Factor ETF 3.9 15 19 6.2 0.0
DHS WisdomTree U.S. High Dividend Fund 3.8 38 -4 8.6 +2.4
PDP Invesco DWA Momentum ETF 3.8 62 -28 2.8 -3.4
RNDV US Equity Dividend Select ETF 3.8 50 -16 8.2 +2.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 3.8 17 17 7.1 +0.9
DON WisdomTree U.S. MidCap Dividend Fund 3.7 38 -4 8.1 +1.9
OUSA O'Shares FTSE US Quality Dividend ETF 3.7 48 -14 5.7 -0.5
EUSA iShares MSCI USA Equal Weighted ETF 3.7 15 19 6.3 +0.1
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 3.7 75 -41 5.4 -0.8
DTD WisdomTree U.S.Total Dividend Fund 3.7 28 6 6.7 +0.5
SPMV Invesco S&P 500 Minimum Variance ETF 3.6 10 24 5.9 -0.3
SCIU Global X Scientific Beta US ETF 3.6 19 15 5.9 -0.3
FVD First Trust Value Line Dividend Index Fund 3.6 70 -36 6.4 +0.2
TTFS AdvisorShares Wilshire Buyback ETF 3.6 91 -57 6.4 +0.2
BOSS Global X Founder-Run Companies ETF 3.6 45 -11 4.0 -2.2
LRGF iShares Edge MSCI Multifactor USA ETF 3.5 20 14 7.1 +0.9
RNLC Large Cap US Equity Select ETF 3.5 60 -26 6.5 +0.3
AUSF Global X Adaptive U.S. Factor ETF 3.4 27 7 8.6 +2.4
PSET Principal Price Setters Index ETF 3.4 29 5 4.7 -1.5
SUSA iShares MSCI USA ESG Select ETF 3.4 25 9 4.9 -1.3
REVS Columbia Research Enhanced Value ETF 3.4 19 15 7.7 +1.5
AFLG First Trust Active Factor Large Cap ETF 3.4 55 -21 6.0 -0.3
VUG Vanguard Growth Index Fund 3.4 4 30 4.3 -1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 3.3 28 6 6.5 +0.3

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

  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 Cohen & Steers REIT ETF
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 17.5 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.52
 
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.