iShares Evolved U.S. Discretionary Spending
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
25.3x P/Sales
ratio
1.5x
P/BV
ratio
7.1x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learni

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $13
Currency USD
Expense ratio 18 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 223
Wgt avg mkt cap (mns) $259,695
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 12.1%
Small cap (<$2bn) 1.3%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
AMAZON.COM INC 10.7 %
HOME DEPOT INC 8.2 %
WAL-MART STORES INC 6.1 %
COSTCO WHOLESALE CORP 5.0 %
APPLE INC 4.3 %
NIKE INC -CL B 4.3 %
PROCTER & GAMBLE CO/THE 4.0 %
MCDONALD'S CORP 3.7 %
TJX COMPANIES INC 3.0 %
LOWE'S COS INC 2.8 %
Total 52.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
ARGENTINA 0.6 %
CHINA 0.5 %
BRITAIN 0.2 %
BERMUDA 0.1 %
CAYMAN ISLANDS 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
30.4% 30.4% -- -- 15.6%

Market Correlations
versus... Beta R-squared
S&P500 0.93 86%
MSCI EAFE 0.90 60%
MSCI Emg. Mkts. 0.57 39%

Technical Indicators
Recent close $31.87
30d moving avg. $31.31
Annualized volatility 14.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 9
Turnover 2.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $42,762

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IEDI Expense: 18 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEDI
Ticker Fund
Name
Overlap1
vs IEDI
(%)
Expense
ratio
(bp)
Savings
vs IEDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEDI
(%)
VCR Vanguard Consumer Discretionary 63.2 10 8 5.1 +0.4
FDIS Fidelity MSCI Consumer Discrettionary 62.8 8 10 5.1 +0.3
IYC iShares DJ US Consumer Services 59.1 42 -24 4.8 +0.0
XLY Consumer Discretionary Select Sector SPDR 58.4 13 5 5.3 +0.6
JHMC John Hancock Multifactor Consumer Discretionary 54.4 40 -22 5.6 +0.8
RTH VanEck Vectors Retail 48.4 35 -17 5.5 +0.8
RXI iShares S&P Global Consumer Discretionary 47.1 46 -28 6.4 +1.7
RCD Invesco S&P Equal Weight Consumer Discretionary 34.1 40 -22 8.2 +3.4
FTXD First Trust Nasdaq Retail 33.4 60 -42 6.7 +2.0
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 29.8 75 -57 3.5 -1.2
MILN Global X Millennials Thematic 29.3 50 -32 2.7 -2.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.8 75 -57 4.1 -0.7
PMR Invesco Dynamic Retail 25.2 63 -45 5.4 +0.6
VIG Vanguard Dividend Appreciation 23.6 6 12 5.2 +0.4
FLQL Franklin LibertyQ U.S. Equity 23.1 15 3 6.4 +1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity 23.0 29 -11 6.1 +1.3
XRT SPDR S&P Retail 22.8 35 -17 8.5 +3.7
DIA SPDR Dow Jones Industrial Average 22.5 17 1 5.8 +1.0
QARP Xtrackers Russell 1000 US QARP 22.5 19 -1 6.1 +1.3
MGK Vanguard Mega Cap 300 Growth 22.4 7 11 4.6 -0.1

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 Evolved U.S. Discretionary Spending
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.8 %
Divided by: Fwd. P/BV 5.9 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.