iShares Edge MSCI Intl Momentum Factor ETF
ALTAR
Score™
4.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.4x P/Sales
ratio
2.8x
P/BV
ratio
3.4x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI International Developed Momentum Factor ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results of an index that measures the performance of international developed large and mid capitalization stocks exhibiting relatively higher momentum characteristics.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 13, 2015
Assets (mns) $631
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust Co
Weighting Momentum
Index replication Not Applicable
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 290
Wgt avg mkt cap (mns) $64,829
Large cap (>$10bn) 88.8%
Mid cap ($2-10bn) 9.1%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ASML HOLDING NV 4.0 %
ROCHE HOLDING AG-GENUSSCHEIN 3.8 %
SHOPIFY, INC. CLASS A 3.2 %
ASTRAZENECA PLC 3.1 %
CSL LIMITED 2.9 %
NOVO NORDISK A/S-B 2.7 %
SONY CORP 2.0 %
SANOFI-AVENTIS 1.9 %
LVMH MOET HENNESSY LOUIS VUI 1.7 %
KEYENCE CORP 1.4 %
Total 26.7 %

TOP COUNTRY EXPOSURE
JAPAN 25.3 %
CANADA 10.4 %
FRANCE 8.6 %
SWITZERLAND 8.2 %
BRITAIN 8.2 %
NETHERLANDS 7.5 %
DENMARK 5.9 %
GERMANY 5.9 %
AUSTRALIA 4.8 %
SWEDEN 4.1 %

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.
5.8% 10.3% 7.2% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 80%
MSCI EAFE 0.84 87%
MSCI Emg. Mkts. 0.61 70%

Technical Indicators
Recent close $35.23
30d moving avg. $34.50
Annualized volatility 14.7%
Short interest (ETF) 1.4%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 116
Turnover 0.7%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $16,791

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares Edge MSCI Intl Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with IMTM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IMTM Expense: 30 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IMTM
Ticker Fund
Name
Overlap1
vs IMTM
(%)
Expense
ratio
(bp)
Savings
vs IMTM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IMTM
(%)
IDMO Invesco S&P International Developed Momentum ETF 61.8 26 4 3.9 -0.4
EFG iShares MSCI EAFE Growth ETF 52.4 40 -10 4.3 -0.0
DMXF iShares ESG Advanced MSCI EAFE ETF 42.6 12 18 6.4 +2.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 40.5 14 16 6.4 +2.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 39.9 30 0 5.6 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 38.5 20 10 6.6 +2.3
IQSI IQ Candriam ESG International Equity ETF 37.6 15 15 6.9 +2.6
BKIE BNY Mellon International Equity ETF 37.1 4 26 6.8 +2.5
EFA iShares MSCI EAFE ETF 37.0 32 -2 6.5 +2.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.9 35 -5 6.4 +2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 36.7 45 -15 6.3 +2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 36.4 20 10 6.4 +2.1
IEV iShares Europe ETF 36.1 59 -29 6.4 +2.1
BBEU JPMorgan BetaBuilders Europe ETF 36.0 9 21 6.9 +2.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.7 25 5 6.3 +2.0
GSID Goldman Sachs MarketBeta International Equity ETF 35.7 20 10 6.8 +2.5
FLEH Franklin FTSE Europe Hedged ETF 35.6 9 21 6.7 +2.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 35.4 35 -5 6.3 +2.0
FLEE Franklin FTSE Europe ETF 35.3 9 21 6.6 +2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 34.9 39 -9 6.1 +1.8
QEFA SPDR MSCI EAFE Quality Mix ETF 34.4 30 0 6.3 +2.0
HFXI IQ 50 Percent Hedged FTSE International ETF 34.3 20 10 6.9 +2.6
CIL VictoryShares International Volatility Weighted Index ETF 34.1 45 -15 6.5 +2.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 34.1 25 5 6.1 +1.8
IDHQ Invesco S&P International Developed Quality ETF 33.6 29 1 4.8 +0.5
RBIN Nationwide Risk-Based International Equity ETF 33.3 42 -12 6.1 +1.8
IEUR iShares Core MSCI Europe ETF 33.0 9 21 6.8 +2.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 32.8 7 23 6.9 +2.6
SCHF Schwab International Equity ETF 32.7 6 24 6.8 +2.5
VGK Vanguard FTSE Europe ETF 32.5 8 22 6.9 +2.6
FEU SPDR Portfolio Europe ETF 32.2 9 21 6.9 +2.6
IEFA iShares Core MSCI EAFE ETF 31.6 7 23 6.7 +2.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 31.6 45 -15 6.5 +2.2
JHMD John Hancock Multifactor Developed International ETF 31.3 39 -9 6.8 +2.5
TPIF Timothy Plan International ETF 31.2 62 -32 6.1 +1.8
RESD WisdomTree International ESG Fund 31.1 30 0 6.4 +2.1
IDEV iShares Core MSCI International Developed Markets ETF 30.9 5 25 6.7 +2.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 30.2 58 -28 6.0 +1.7
DOL WisdomTree International LargeCap Dividend Fund 30.2 48 -18 8.5 +4.2
IQDG WisdomTree International Quality Dividend Growth Fund 29.9 42 -12 6.1 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 29.8 4 26 6.5 +2.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 29.6 35 -5 8.2 +3.9
VEA Vanguard FTSE Developed Markets ETF 29.0 5 25 6.9 +2.6
EZU iShares MSCI Eurozone ETF 28.8 49 -19 6.1 +1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 27.5 35 -5 8.3 +4.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 27.4 16 14 6.4 +2.1
VSGX Vanguard ESG International Stock ETF 27.4 17 13 6.7 +2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.3 45 -15 6.2 +1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 27.3 58 -28 5.8 +1.5
DWM WisdomTree International Equity Fund 27.2 48 -18 8.1 +3.8
PDEV Principal International Multi-Factor Core Index ETF 27.2 25 5 7.3 +3.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 27.1 32 -2 5.8 +1.5
QINT American Century Quality Diversified International ETF 26.8 39 -9 6.0 +1.7
EURZ Xtrackers Eurozone Equity ETF 26.4 9 21 6.5 +2.2
IPAC iShares Core MSCI Pacific ETF 26.0 9 21 6.6 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 25.8 32 -2 6.7 +2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 25.7 40 -10 6.2 +1.9
CWI SPDR MSCI ACWI ex-US ETF 25.3 30 0 6.7 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.2 40 -10 6.6 +2.3
JIG JPMorgan International Growth ETF 25.1 55 -25 2.9 -1.4
EWJ iShares MSCI Japan ETF 24.7 49 -19 6.4 +2.1
VIGI Vanguard International Dividend Appreciation ETF 24.7 20 10 5.2 +0.9
ISZE iShares Edge MSCI Intl Size Factor ETF 24.6 30 0 6.6 +2.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.6 45 -15 6.5 +2.2
FDEV Fidelity Targeted International Factor ETF 24.4 39 -9 6.2 +1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.4 25 5 6.6 +2.3
BBJP JPMorgan BetaBuilders Japan ETF 24.2 19 11 6.7 +2.4
FLJH Franklin FTSE Japan Hedged ETF 23.9 9 21 6.9 +2.6
FLJP Franklin FTSE Japan ETF 23.9 9 21 6.9 +2.6
QJPN SPDR MSCI Japan StrategicFactors ETF 23.8 14 16 6.9 +2.6
VEU Vanguard FTSE All-World ex-US Index Fund 23.5 8 22 7.0 +2.7
JPXN iShares JPX-Nikkei 400 ETF 23.5 48 -18 6.5 +2.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.5 9 21 6.9 +2.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.4 45 -15 6.2 +1.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.2 29 1 7.3 +3.0
VPL Vanguard FTSE Pacific ETF 23.0 8 22 6.8 +2.5
IDY Pacific Global International Equity Income ETF 22.7 39 -9 8.7 +4.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.5 20 10 5.1 +0.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 22.3 58 -28 5.5 +1.2
IXUS ishares Core MSCI Total International Stock ETF 22.3 9 21 6.9 +2.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 21.9 24 6 6.7 +2.4
RNDM Developed International Equity Select ETF 21.9 65 -35 5.8 +1.5
DWMF WisdomTree International Multifactor Fund 21.7 38 -8 6.2 +1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 21.5 83 -53 5.2 +0.9
AVDE Avantis International Equity ETF 21.2 23 7 7.1 +2.8
RFEU First Trust Riverfront Dynamic Europe ETF 20.6 83 -53 5.6 +1.3
IDLV Invesco S&P International Developed Low Volatility ETF 20.5 25 5 6.2 +1.9
VGFO Virtus WMC Global Factor Opportunities ETF 20.0 49 -19 7.6 +3.3
MVIN Natixis Seeyond International Minimum Volatility ETF 19.7 56 -26 5.5 +1.2
IXJ iShares Global Healthcare ETF 19.5 46 -16 6.4 +2.1
VXUS Vanguard Total International Stock Index Fund 19.0 8 22 7.0 +2.7
JPIN JPMorgan Diversified Return International Equity ETF 18.9 37 -7 7.3 +3.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.6 45 -15 8.0 +3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.5 29 1 7.3 +3.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.1 39 -9 7.4 +3.1
PIZ Invesco DWA Developed Markets Momentum ETF 18.0 81 -51 4.4 +0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 17.5 48 -18 6.6 +2.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 17.5 83 -53 5.2 +0.9

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

  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

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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 Edge MSCI Intl Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.6 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.