iShares S&P Mid-Cap 400 Value ETF
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.6x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P MidCap 400 Value Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. mid-cap value stocks as represented by the S&P MidCap 400/Citigroup Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 28, 2000
Assets (mns) $6,172
Currency USD
Expense ratio 25 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 296
Wgt avg mkt cap (mns) $4,963
Large cap (>$10bn) 2.5%
Mid cap ($2-10bn) 91.1%
Small cap (<$2bn) 6.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MEDICAL PROPERTIES TRUST INC 1.4 %
REINSURANCE GROUP OF AMERICA 1.1 %
MOLINA HEALTHCARE INC 1.1 %
XPO LOGISTICS INC 1.0 %
OGE ENERGY CORP 1.0 %
UGI CORP 1.0 %
AMERICAN FINANCIAL GROUP INC 0.9 %
AECOM TECHNOLOGY CORP 0.9 %
SIGNATURE BANK 0.9 %
FIRST AMERICAN FINANCIAL 0.8 %
Total 10.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
BRITAIN 1.3 %
SWITZERLAND 0.3 %
IRELAND 0.3 %
BERMUDA 0.2 %
NETHERLANDS 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.1% 7.9% 7.6% 11.7% 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.18 81%
MSCI EAFE 1.10 58%
MSCI Emg. Mkts. 0.71 42%

Technical Indicators
Recent close $164.58
30d moving avg. $169.30
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.8%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 102
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $10,051

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Mid-Cap 400 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IJJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IJJ Expense: 25 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJJ
Ticker Fund
Name
Overlap1
vs IJJ
(%)
Expense
ratio
(bp)
Savings
vs IJJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJJ
(%)
MDYV SPDR S&P 400 Mid Cap Value ETF 99.6 15 10 8.0 +0.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 98.3 15 10 8.0 +0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 64.7 40 -15 6.5 -1.4
MDY SPDR S&P Midcap 400 ETF Trust 62.0 23 2 5.8 -2.1
SPMD SPDR Portfolio Mid Cap ETF 62.0 5 20 5.9 -1.9
IJH iShares Core S&P Mid-Cap ETF 61.9 6 19 5.9 -1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 61.2 10 15 5.9 -2.0
RWK Invesco S&P MidCap 400 Revenue ETF 54.8 39 -14 7.8 -0.1
SMDY Syntax Stratified MidCap ETF 51.8 30 -5 6.5 -1.4
VBR Vanguard Small Cap Value Index Fund 41.0 7 18 7.9 +0.0
JKL iShares Morningstar Small Cap Value ETF 40.0 30 -5 9.0 +1.2
EZM WisdomTree U.S. MidCap Earnings Fund 38.7 38 -13 8.8 +1.0
JHSC John Hancock Multifactor Small Cap ETF 36.1 50 -25 5.8 -2.1
FNK First Trust Mid Cap Value AlphaDEX Fund 34.4 70 -45 9.6 +1.7
RNMC Mid Cap US Equity Select ETF 33.2 60 -35 6.7 -1.2
RFV Invesco S&P Midcap 400 Pure Value ETF 32.8 35 -10 11.4 +3.6
FNX First Trust Mid Cap Core AlphaDEX Fund 30.9 61 -36 6.6 -1.2
SFYX Sofi Next 500 ETF 30.6 0 25 5.2 -2.7
DON WisdomTree U.S. MidCap Dividend Fund 29.8 38 -13 7.4 -0.5
PXMV Invesco S&P MidCap Value with Momentum ETF 29.6 39 -14 9.0 +1.2

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

Content on this tab for subscribers only

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 S&P Mid-Cap 400 Value ETF
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 11.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.56
 
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.