iShares S&P N. American Technology
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
25.5x P/Sales
ratio
4.2x
P/BV
ratio
6.2x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P North American Technology Sector Index Fund is an exchanged-traded fund incorporated in the USA. The Fund's objective is to achieve investment results that correspond to the performance of the S&P North American Technology Sector Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 19, 2001
Assets (mns) $1,739
Currency USD
Expense ratio 46 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 288
Wgt avg mkt cap (mns) $459,735
Large cap (>$10bn) 91.9%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.7 %
MICROSOFT CORP 8.9 %
AMAZON.COM INC 7.7 %
FACEBOOK 5.6 %
ALPHABET INC. CLASS C 4.4 %
ALPHABET INC. CLASS A 4.4 %
VISA INC-CLASS A SHARES 3.7 %
INTEL CORP 3.1 %
MASTERCARD INC-CLASS A 3.0 %
CISCO SYSTEMS INC 2.3 %
Total 52.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.7 %
CANADA 0.8 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %






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.
31.0% 19.8% 18.7% 17.4% 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.15 75%
MSCI EAFE 1.06 53%
MSCI Emg. Mkts. 0.79 49%

Technical Indicators
Recent close $231.86
30d moving avg. $223.61
Annualized volatility 16.1%
Short interest (ETF) 4.1%
Short interest (Underlying) 2.6%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $58,763

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P N. American Technology ETF based on the alternatives' overlap in portfolio holdings with IGM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGM Expense: 46 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGM
Ticker Fund
Name
Overlap1
vs IGM
(%)
Expense
ratio
(bp)
Savings
vs IGM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGM
(%)
IETC iShares Evolved U.S. Technology 82.1 18 28 4.8 +0.2
VGT Vanguard Info Tech ETF 71.7 10 36 5.3 +0.8
FTEC Fidelity MSCI Info Technology 71.7 8 38 5.4 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 67.1 60 -14 4.9 +0.3
IYW iShares US Technology 67.0 42 4 5.1 +0.6
QQQ Invesco QQQ 65.7 20 26 5.2 +0.7
XLK Technology Select Sector SPDR 61.5 13 33 5.5 +0.9
IXN iShares S&P Global Technology 61.5 46 0 5.3 +0.7
MGK Vanguard Mega Cap 300 Growth 58.6 7 39 5.0 +0.4
IWY iShares Russell Top 200 Growth 57.5 20 26 5.0 +0.5
TMFC Motley Fool 100 Index 54.7 50 -4 4.4 -0.2
VUG Vanguard Growth ETF 54.7 4 42 4.8 +0.3
IWF iShares Russell 1000 Growth 53.8 19 27 4.9 +0.4
VONG Vanguard Russell 1000 Growth 53.4 12 34 5.0 +0.5
SCHG Schwab U.S. Large-Cap Growth 50.8 4 42 4.9 +0.3
ONEQ Fidelity NASDAQ Composite 48.5 21 25 4.2 -0.4
XLG Invesco S&P Top 50 47.6 20 26 5.1 +0.6
JHMT John Hancock Multifactor Technology 47.4 40 6 6.0 +1.4
XOUT GraniteShares XOUT US Large Cap 45.4 60 -14 5.1 +0.5
OQAL Invesco Russell 1000 Quality Factor ETF 45.2 19 27 5.2 +0.7

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 S&P N. American Technology
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 25.9 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.