iShares International Dividend Growth
ALTAR
Score™
8.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.8x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares International Dividend Growth ETF tracks an index of international equities that have growing dividends.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date May 17, 2016
Assets (mns) $79
Currency USD
Expense ratio 22 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 412
Wgt avg mkt cap (mns) $83,021
Large cap (>$10bn) 82.7%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 2.3%
Developed mkts 86.1%
Emerging mkts 13.9%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 3.1 %
SAMSUNG ELECTRONICS CO LTD 3.0 %
ROCHE HOLDING AG-GENUSSCHEIN 2.9 %
NOVARTIS AG-REG 2.7 %
NESTLE SA-REG 2.7 %
ROYAL BANK OF CANADA 2.3 %
ALLIANZ SE-REG 2.3 %
SANOFI-AVENTIS 2.1 %
TORONTO-DOMINION BANK 2.0 %
BASF SE 1.9 %
Total 25.1 %

TOP COUNTRY EXPOSURE
CANADA 15.4 %
JAPAN 15.2 %
SWITZERLAND 11.1 %
GERMANY 8.7 %
FRANCE 8.4 %
BRITAIN 8.3 %
SOUTH KOREA 3.8 %
HONG KONG 3.7 %
NETHERLANDS 3.4 %
TAIWAN 3.2 %

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.
19.3% 14.1% -- -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 59%
MSCI EAFE 1.03 88%
MSCI Emg. Mkts. 0.71 69%

Technical Indicators
Recent close $58.25
30d moving avg. $56.85
Annualized volatility 12.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $17,079

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IGRO Expense: 22 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGRO
Ticker Fund
Name
Overlap1
vs IGRO
(%)
Expense
ratio
(bp)
Savings
vs IGRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGRO
(%)
VIGI Vanguard Int'l Dividend Appreciation 42.9 25 -3 6.1 -2.0
IQLT iShares MSCI Int'l Developed Quality 32.2 30 -8 6.2 -1.9
PDEV Principal International Multi-Factor Core Index 31.3 25 -3 6.9 -1.1
IMTM iShares MSCI Int'l Developed Momentum 31.1 30 -8 5.3 -2.7
SCHF Schwab International Equity 31.0 6 16 7.4 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free 30.5 20 2 7.2 -0.9
IEV iShares S&P Europe 350 30.2 59 -37 6.4 -1.6
EFG iShares MSCI EAFE Growth 30.1 40 -18 5.1 -3.0
QEFA SPDR MSCI EAFE Quality Mix 29.8 30 -8 6.6 -1.4
BBEU JPMorgan BetaBuilders Europe 29.8 9 13 6.9 -1.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 29.8 30 -8 6.7 -1.4
FLEE Franklin FTSE Europe 29.7 9 13 6.9 -1.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity 29.5 16 6 7.1 -0.9
FLEH Franklin FTSE Europe Hedged 29.5 9 13 6.9 -1.2
HFXI IQ 50 Percent Hedged FTSE Int'l 29.2 20 2 7.3 -0.8
IDEV iShares Core MSCI Int'l Developed Markets 29.1 5 17 7.2 -0.9
IEUR iShares Core MSCI Europe 29.0 9 13 6.9 -1.1
DBEU Xtrackers Europe Hedged 29.0 45 -23 6.5 -1.6
HDAW Xtrackers MSCI All World ex US High Div Yield 28.9 20 2 9.9 +1.9
EFA iShares MSCI EAFE 28.8 31 -9 7.0 -1.1

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 International Dividend Growth
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 13.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 22 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.63
 
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.