iShares Evolved U.S. Media and Entertainment
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
18.6x P/Sales
ratio
1.7x
P/BV
ratio
2.3x Div.
yield
1.1%


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

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $5
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 88
Wgt avg mkt cap (mns) $69,740
Large cap (>$10bn) 69.0%
Mid cap ($2-10bn) 26.3%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COMCAST CORP-CL A 6.9 %
WALT DISNEY CO/THE 6.4 %
CHARTER COMMUNICATIONS, INC. CLASS 5.4 %
NETFLIX INC 4.7 %
FOX CORPORATION CLASS A 4.7 %
ACTIVISION BLIZZARD INC 4.5 %
CBS CORP-CLASS B NON VOTING 3.4 %
DISCOVERY COMMUNICATIONS-C 3.4 %
ELECTRONIC ARTS INC 3.2 %
VIACOM INC-CLASS B 3.0 %
Total 45.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
BRITAIN 2.3 %
CANADA 0.3 %
BERMUDA 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.
16.4% 3.0% -- -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 58%
MSCI EAFE 0.89 37%
MSCI Emg. Mkts. 0.56 21%

Technical Indicators
Recent close $27.25
30d moving avg. $26.69
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $14,839

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IEME Expense: 18 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEME
Ticker Fund
Name
Overlap1
vs IEME
(%)
Expense
ratio
(bp)
Savings
vs IEME
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEME
(%)
JHCS John Hancock Multifactor Media & Communications 56.6 40 -22 6.3 -0.5
EWCO Invesco S&P 500 Equal Weight Comm. Services 51.5 40 -22 7.9 +1.2
XLC Communication Services Select Sector SPDR 40.8 13 5 6.5 -0.3
FCOM Fidelity MSCI Communication Services 40.1 8 10 5.2 -1.5
VOX Vanguard Communication Services 38.3 10 8 5.4 -1.4
IXP iShares S&P Global Comm. Services 23.3 46 -28 6.4 -0.4
IYC iShares DJ US Consumer Services 22.8 42 -24 5.1 -1.7
PBS Invesco Dyn Media Port 18.1 63 -45 6.4 -0.4
FXD First Trust Consumer Discretionary 17.6 64 -46 8.1 +1.3
QQXT First Trust NASDAQ-100 Ex-Tech 15.5 60 -42 6.1 -0.7
PEZ Invesco DWA Consumer Discretionary Momentum 14.4 60 -42 5.0 -1.8
FTVA Aptus Fortified Value 13.2 79 -61 11.4 +4.6
MILN Global X Millennials Thematic 12.1 50 -32 3.0 -3.7
CACG ClearBridge All Cap Growth 11.8 53 -35 4.8 -2.0
GVIP Goldman Sachs Hedge Industry VIP 11.2 45 -27 5.7 -1.0
QQEW First Trust NASDAQ 100 Equal Weight 10.6 60 -42 6.0 -0.7
QQQE Direxion NASDAQ-100 Equal Weight 10.6 35 -17 6.3 -0.5
AUGR Defiance Future Tech 10.1 30 -12 4.5 -2.3
PNQI Invesco Nasdaq Internet 9.8 62 -44 2.9 -3.9
HERO Global X Video Games & Esports 9.7 50 -32 3.9 -2.9

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. Media and Entertainment
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 14.6 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.