iShares Edge MSCI Intl Momentum Factor ETF
ALTAR
Score™
4.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.2x 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) $539
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 292
Wgt avg mkt cap (mns) $71,089
Large cap (>$10bn) 89.9%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 4.4 %
ASML HOLDING NV 3.5 %
ASTRAZENECA PLC 3.2 %
SHOPIFY, INC. CLASS A 2.9 %
NOVO NORDISK A/S-B 2.9 %
CSL LIMITED 2.8 %
SANOFI-AVENTIS 2.1 %
SONY CORP 1.8 %
BARRICK GOLD CORP 1.7 %
SAP AG 1.6 %
Total 26.9 %

TOP COUNTRY EXPOSURE
JAPAN 24.5 %
CANADA 11.0 %
SWITZERLAND 8.8 %
FRANCE 8.6 %
BRITAIN 8.4 %
NETHERLANDS 7.0 %
GERMANY 6.4 %
DENMARK 5.8 %
AUSTRALIA 4.7 %
SWEDEN 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.1% 18.0% 7.8% -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 0.75 81%
MSCI EAFE 0.85 87%
MSCI Emg. Mkts. 0.61 72%

Technical Indicators
Recent close $34.14
30d moving avg. $33.85
Annualized volatility 14.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 152
Turnover 1.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $8,659

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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
(%)
EFG iShares MSCI EAFE Growth ETF 52.4 40 -10 4.4 +0.1
IDMO Invesco S&P International Developed Momentum ETF 50.8 26 4 4.5 +0.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 40.8 14 16 6.8 +2.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 40.2 30 0 5.9 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 39.5 20 10 6.9 +2.6
EFA iShares MSCI EAFE ETF 37.7 32 -2 6.9 +2.6
IQSI IQ Candriam ESG International Equity ETF 37.4 15 15 7.2 +2.9
ESGD iShares MSCI EAFE ESG Optimized ETF 37.0 20 10 6.8 +2.5
BKIE BNY Mellon International Equity ETF 37.0 4 26 7.3 +2.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 36.9 30 0 0.0 -4.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.8 35 -5 6.7 +2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 36.7 45 -15 6.5 +2.1
IEV iShares Europe ETF 36.4 59 -29 6.7 +2.4
GSID Goldman Sachs MarketBeta International Equity ETF 36.4 20 10 7.1 +2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 36.2 25 5 6.6 +2.3
FLEE Franklin FTSE Europe ETF 36.0 9 21 6.8 +2.5
QEFA SPDR MSCI EAFE Quality Mix ETF 35.5 30 0 6.7 +2.4
FLEH Franklin FTSE Europe Hedged ETF 35.3 9 21 7.0 +2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 35.0 39 -9 6.4 +2.1
BBEU JPMorgan BetaBuilders Europe ETF 34.8 9 21 7.2 +2.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 34.6 25 5 6.3 +2.0
HFXI IQ 50 Percent Hedged FTSE International ETF 34.5 20 10 7.3 +3.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 34.3 35 -5 6.8 +2.5
IDHQ Invesco S&P International Developed Quality ETF 33.8 29 1 4.9 +0.6
IEUR iShares Core MSCI Europe ETF 33.7 9 21 7.1 +2.7
SCHF Schwab International Equity ETF 33.4 6 24 7.2 +2.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.3 7 23 7.4 +3.1
VGK Vanguard FTSE Europe ETF 33.1 8 22 7.2 +2.9
FEU SPDR Portfolio Europe ETF 32.7 9 21 7.1 +2.8
IEFA iShares Core MSCI EAFE ETF 32.4 7 23 7.1 +2.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 32.1 30 0 0.0 -4.3
RBIN Nationwide Risk-Based International Equity ETF 31.9 42 -12 6.0 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 31.4 5 25 7.1 +2.8
JHMD John Hancock Multifactor Developed International ETF 31.2 39 -9 7.2 +2.9
SPDW SPDR Portfolio Developed World ex-US ETF 30.9 4 26 7.0 +2.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 30.3 45 -15 6.5 +2.2
CIL VictoryShares International Volatility Weighted Index ETF 30.2 45 -15 6.6 +2.2
TPIF Timothy Plan International ETF 30.0 62 -32 6.1 +1.8
VEA Vanguard FTSE Developed Markets ETF 29.7 5 25 7.3 +3.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 29.5 35 -5 8.5 +4.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.7 32 -2 5.9 +1.6
EZU iShares MSCI Eurozone ETF 28.2 49 -19 6.4 +2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.1 16 14 6.8 +2.5
QINT American Century Quality Diversified International ETF 27.8 39 -9 6.0 +1.7
DOL WisdomTree International LargeCap Dividend Fund 27.3 48 -18 8.6 +4.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 27.0 45 -15 6.5 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.8 35 -5 8.5 +4.2
ACWX iShares MSCI ACWI ex U.S. ETF 26.6 32 -2 7.2 +2.9
CWI SPDR MSCI ACWI ex-US ETF 26.5 30 0 7.1 +2.8
DWM WisdomTree International Equity Fund 26.4 48 -18 8.2 +3.9
NUDM Nuveen ESG International Developed Markets Equity ETF 26.2 40 -10 6.6 +2.3
IPAC iShares Core MSCI Pacific ETF 26.1 9 21 7.1 +2.8
IQDG WisdomTree International Quality Dividend Growth Fund 26.0 42 -12 6.1 +1.8
VSGX Vanguard ESG International Stock ETF 25.9 17 13 7.0 +2.7
FDEV Fidelity Targeted International Factor ETF 25.9 39 -9 6.3 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 25.8 58 -28 6.0 +1.7
EURZ Xtrackers Eurozone Equity ETF 25.6 9 21 6.9 +2.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.5 40 -10 7.0 +2.6
ISZE iShares Edge MSCI Intl Size Factor ETF 25.3 30 0 7.1 +2.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 25.3 58 -28 5.8 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.0 29 1 7.4 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 24.4 8 22 7.5 +3.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.2 25 5 7.1 +2.8
VIGI Vanguard International Dividend Appreciation ETF 24.2 20 10 5.5 +1.2
PDEV Principal International Multi-Factor Core Index ETF 24.1 25 5 7.7 +3.4
EWJ iShares MSCI Japan ETF 24.0 49 -19 6.9 +2.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.0 45 -15 7.0 +2.7
PIZ Invesco DWA Developed Markets Momentum ETF 24.0 81 -51 4.5 +0.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 23.8 30 0 0.0 -4.3
FLJP Franklin FTSE Japan ETF 23.7 9 21 7.4 +3.1
FLJH Franklin FTSE Japan Hedged ETF 23.6 9 21 7.4 +3.1
QJPN SPDR MSCI Japan StrategicFactors ETF 23.6 14 16 7.4 +3.1
BBJP JPMorgan BetaBuilders Japan ETF 23.5 19 11 7.2 +2.9
IXUS ishares Core MSCI Total International Stock ETF 23.1 9 21 7.3 +3.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.1 20 10 5.4 +1.1
VPL Vanguard FTSE Pacific ETF 23.0 8 22 7.4 +3.1
DWMF WisdomTree International Multifactor Fund 22.9 38 -8 6.2 +1.9
JPXN iShares JPX-Nikkei 400 ETF 22.8 48 -18 7.0 +2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.3 24 6 7.0 +2.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 22.3 9 21 7.5 +3.2
MVIN Natixis Seeyond International Minimum Volatility ETF 22.0 56 -26 5.5 +1.2
VXUS Vanguard Total International Stock Index Fund 21.8 8 22 7.4 +3.1
SCID Global X Scientific Beta Europe ETF 21.5 39 -9 6.3 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 21.5 83 -53 5.6 +1.3
IDY Pacific Global International Equity Income ETF 21.3 39 -9 7.9 +3.6
AVDE Avantis International Equity ETF 20.9 23 7 7.5 +3.2
RNDM Developed International Equity Select ETF 20.6 65 -35 6.2 +1.9
IXJ iShares Global Healthcare ETF 20.2 46 -16 6.3 +2.0
IDLV Invesco S&P International Developed Low Volatility ETF 19.9 25 5 6.6 +2.3
DWCR Arrow DWA Country Rotation ETF 19.8 95 -65 13.9 +9.6
FDT First Trust Developed Markets ex-US Alphadex Fund 19.6 80 -50 7.2 +2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.5 45 -15 8.7 +4.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.4 29 1 7.6 +3.3
FNDF Schwab Fundamental International Large Co. Index ETF 19.3 25 5 8.6 +4.3
VGFO Virtus WMC Global Factor Opportunities ETF 19.2 49 -19 7.9 +3.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 19.0 58 -28 7.7 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.6 39 -9 8.1 +3.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 18.5 45 -15 7.0 +2.6
OEUR O'shares FTSE Europe Quality Dividend ETF 18.1 48 -18 6.5 +2.2

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

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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 14.7 %
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
1.59 CATEGORY
AVERAGE
1.59
 
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.