iShares FactorSelect MSCI International
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
12.3x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares FactorSelect MSCI International ETF tracks an index of international firms in developed markets. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics to the MSCI World ex USA Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 28, 2015
Assets (mns) $1,067
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 207
Wgt avg mkt cap (mns) $28,016
Large cap (>$10bn) 62.3%
Mid cap ($2-10bn) 37.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 3.5 %
HITACHI LTD 2.4 %
WOOLWORTHS LIMITED 2.2 %
RIO TINTO PLC 2.1 %
ROYAL AHOLD DELHAIZE N.V. 2.0 %
ASTELLAS PHARMA INC 2.0 %
ITOCHU CORP 1.9 %
ANGLO AMERICAN PLC 1.8 %
RIO TINTO LTD 1.5 %
REPSOL YPF SA 1.5 %
Total 20.9 %

TOP COUNTRY EXPOSURE
JAPAN 17.7 %
BRITAIN 16.3 %
CANADA 12.4 %
AUSTRALIA 10.9 %
SWITZERLAND 9.0 %
FRANCE 7.1 %
HONG KONG 6.0 %
NETHERLANDS 5.3 %
GERMANY 3.0 %
BELGIUM 2.4 %

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.
13.0% 6.3% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.82 65%
MSCI EAFE 1.06 94%
MSCI Emg. Mkts. 0.77 82%

Technical Indicators
Recent close $26.67
30d moving avg. $26.16
Annualized volatility 12.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 233
Turnover 0.6%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $7,285

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: INTF Expense: 30 bp ALTAR Score™: 8.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH INTF
Ticker Fund
Name
Overlap1
vs INTF
(%)
Expense
ratio
(bp)
Savings
vs INTF
(bp)
ALTAR
Score™
(%)
ALTAR
vs INTF
(%)
UIVM USAA MSCI International Value Momentum Blend Index 31.8 35 -5 8.2 -0.2
RODM Lattice Developed Markets (Ex-US) Strategy 27.2 29 1 7.7 -0.6
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 23.7 24 6 7.0 -1.3
ACWF iShares FactorSelect MSCI Global 22.5 35 -5 8.2 -0.1
PQIN PGIM QMA Strategic Alpha International Equity 22.4 29 1 7.4 -1.0
JPIN JPMorgan Diversified Rtn. Int'l Equity 22.0 38 -8 7.5 -0.9
GSIE Goldman Sachs ActiveBeta Int'l Equity 21.8 25 5 6.7 -1.7
QINT American Century Quality Diversified International 21.0 39 -9 6.3 -2.1
IVLU iShares MSCI Int'l Developed Value Factor 20.5 30 0 10.4 +2.1
DIM WisdomTree Intl M/C Dividend 19.4 58 -28 7.5 -0.8
ISZE iShares MSCI Int'l Developed Size Factor 19.4 30 0 6.7 -1.6
FDT First Trust Developed Markets ex-US AlphaDEX 19.3 80 -50 8.1 -0.2
LVIN Hartford Multifactor Low Volatility Int'l Equity 19.2 29 1 7.8 -0.5
JPEU JPMorgan Diversified Return Europe Equity 19.2 37 -7 6.6 -1.7
DWMF WisdomTree International Multifactor Fund 18.9 38 -8 6.4 -2.0
GSEU Goldman Sachs ActiveBeta Europe Equity 18.7 25 5 6.4 -1.9
QLVD FlexShares Developed Mkts ex-US Quality Low Volatility 18.6 32 -2 6.6 -1.7
SCID Global X Scientific Beta Europe 18.4 38 -8 6.4 -1.9
IDY Pacific Global International Equity Income 17.9 39 -9 8.1 -0.2
IDHQ Invesco Int'l Developed High Quality Portfolio 17.6 29 1 5.5 -2.8

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 FactorSelect MSCI International
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 10.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.