iShares S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.1x
P/BV
ratio
3.2x Div.
yield
1.2%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 28, 2000
Assets (mns) $7,433
Currency USD
Expense ratio 24 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 233
Wgt avg mkt cap (mns) $6,958
Large cap (>$10bn) 14.4%
Mid cap ($2-10bn) 84.7%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOMINO'S PIZZA INC 1.6 %
TELEDYNE TECHNOLOGIES INC 1.4 %
TYLER TECHNOLOGIES INC 1.3 %
WEST PHARMACEUTICAL SERVICES 1.3 %
FAIR ISAAC CORP 1.2 %
FACTSET RESEARCH SYSTEMS INC 1.2 %
BROWN & BROWN INC 1.2 %
TRIMBLE NAVIGATION LTD 1.2 %
TERADYNE INC 1.1 %
WEX INC 1.0 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %
BERMUDA 1.2 %
BRITAIN 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.
-1.3% 13.9% 9.1% 13.2% 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.10 90%
MSCI EAFE 0.97 58%
MSCI Emg. Mkts. 0.64 43%

Technical Indicators
Recent close $237.85
30d moving avg. $242.09
Annualized volatility 14.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.5%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 77
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $10,426

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IJK Expense: 24 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJK
Ticker Fund
Name
Overlap1
vs IJK
(%)
Expense
ratio
(bp)
Savings
vs IJK
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJK
(%)
MDYG SPDR S&P 400 Mid Cap Growth ETF 99.8 15 9 4.0 +0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 98.8 15 9 4.0 +0.1
MDY SPDR S&P Midcap 400 ETF Trust 66.2 23 1 5.8 +1.9
IJH iShares Core S&P Mid-Cap ETF 66.1 6 18 5.9 +2.0
SPMD SPDR Portfolio Mid Cap ETF 66.0 5 19 5.9 +2.0
IVOO Vanguard S&P Mid-Cap 400 ETF 65.4 10 14 5.9 +2.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 53.5 40 -16 6.5 +2.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 53.3 35 -11 1.7 -2.2
SMDY Syntax Stratified MidCap ETF 49.9 30 -6 6.5 +2.6
SFYX Sofi Next 500 ETF 35.7 0 24 5.2 +1.3
RWK Invesco S&P MidCap 400 Revenue ETF 35.2 39 -15 7.8 +3.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 34.7 70 -46 3.0 -0.9
VBK Vanguard Small-Cap Growth Index Fund 34.4 7 17 2.2 -1.7
AFMC First Trust Active Factor Mid Cap ETF 33.0 65 -41 7.0 +3.1
XMMO Invesco S&P MidCap Momentum ETF 32.9 39 -15 3.8 -0.1
JHSC John Hancock Multifactor Small Cap ETF 32.2 50 -26 5.8 +1.9
RNMC Mid Cap US Equity Select ETF 31.0 60 -36 6.7 +2.8
FSMD Fidelity Small-Mid Factor ETF 30.8 29 -5 6.5 +2.6
EQWM Invesco S&P MidCap Quality ETF 30.4 25 -1 5.3 +1.4
SCHM Schwab U.S. Mid-Cap ETF 30.3 4 20 6.0 +2.1

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

  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 Growth ETF
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 13.1 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.