iShares Edge MSCI Multifactor Intl ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.0x
P/BV
ratio
1.5x Div.
yield
2.8%


  • 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) $944
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 191
Wgt avg mkt cap (mns) $39,173
Large cap (>$10bn) 71.0%
Mid cap ($2-10bn) 28.6%
Small cap (<$2bn) 0.3%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 3.0 %
RIO TINTO PLC 2.8 %
BHP BILLITON PLC 2.7 %
HITACHI LTD 2.2 %
PHILIPS ELECTRONICS NV 2.2 %
RIO TINTO LTD 1.9 %
NOVO NORDISK A/S-B 1.9 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.8 %
FUJITSU LTD 1.8 %
FORTESCUE METALS GROUP LTD 1.8 %
Total 22.1 %

TOP COUNTRY EXPOSURE
JAPAN 20.8 %
BRITAIN 14.5 %
CANADA 11.1 %
SWITZERLAND 8.7 %
AUSTRALIA 7.6 %
NETHERLANDS 7.0 %
DENMARK 5.7 %
FRANCE 5.1 %
SWEDEN 4.9 %
HONG KONG 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.8% 2.8% 5.5% -- 4.3%

Market Correlations
versus... Beta R-squared
S&P500 0.91 85%
MSCI EAFE 0.96 95%
MSCI Emg. Mkts. 0.79 81%

Technical Indicators
Recent close $28.00
30d moving avg. $27.45
Annualized volatility 18.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 122
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $10,420

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the iShares Edge MSCI Multifactor Intl ETF 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™: 7.2%


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
(%)
DFAI Dimensional International Core Equity Market ETF 38.8 18 12 6.4 -0.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 29.9 35 -5 7.7 +0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 28.7 29 1 7.3 +0.1
DWMF WisdomTree International Multifactor Fund 24.5 38 -8 6.2 -1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.4 25 5 5.9 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.2 25 5 6.0 -1.2
QINT American Century Quality Diversified International ETF 22.5 39 -9 5.7 -1.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 22.1 29 1 7.1 -0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 21.9 24 6 6.5 -0.7
FIVA Fidelity International Value Factor ETF 21.3 39 -9 8.8 +1.6
RESD WisdomTree International ESG Fund 21.1 30 0 6.5 -0.8
ACWF iShares MSCI Global Multifactor ETF 20.9 35 -5 6.8 -0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 20.8 30 0 10.0 +2.8
FDT First Trust Developed Markets ex-US Alphadex Fund 19.9 80 -50 7.6 +0.4
RODE Hartford Multifactor Diversified International ETF 19.7 29 1 10.5 +3.3
ISZE iShares Edge MSCI Intl Size Factor ETF 19.3 30 0 6.3 -0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 19.2 30 0 5.2 -2.0
ESGN Columbia Sustainable International Equity Income ETF 18.9 45 -15 9.2 +1.9
JPIN JPMorgan Diversified Return International Equity ETF 18.2 37 -7 7.0 -0.2
FDEV Fidelity Targeted International Factor ETF 18.2 39 -9 6.2 -1.1
RFDI First Trust Riverfront Dynamic Developed International ETF 18.1 83 -53 5.1 -2.1
RFEU First Trust Riverfront Dynamic Europe ETF 18.0 83 -53 5.6 -1.6
FEP First Trust Europe AlphaDEX Fund 17.9 80 -50 7.5 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 17.3 30 0 6.0 -1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.8 32 -2 5.7 -1.6
IDHQ Invesco S&P International Developed Quality ETF 16.7 29 1 4.7 -2.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 16.6 65 -35 10.2 +3.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 16.2 58 -28 6.5 -0.8
DIM WisdomTree International MidCap Dividend Fund 16.1 58 -28 7.1 -0.1
TPIF Timothy Plan International ETF 16.1 62 -32 6.1 -1.2
PDEV Principal International Multi-Factor Core Index ETF 16.1 25 5 7.1 -0.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.8 20 10 8.4 +1.2
DSTX Distillate International Fundamental Stability & Value ETF 15.6 55 -25 5.9 -1.3
CIL VictoryShares International Volatility Weighted Index ETF 15.2 45 -15 6.4 -0.9
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.2 45 -15 6.4 -0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 15.1 20 10 5.0 -2.3
IQDG WisdomTree International Quality Dividend Growth Fund 14.7 42 -12 5.9 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.5 39 -9 5.6 -1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.5 58 -28 5.7 -1.5
IQDE FlexShares International Quality Dividend Defensive Index ET 14.4 47 -17 7.8 +0.6
VWID Virtus WMC International Dividend ETF 14.3 49 -19 7.4 +0.2
EWJV iShares MSCI Japan Value ETF 14.3 15 15 8.9 +1.7
JHMD John Hancock Multifactor Developed International ETF 14.3 39 -9 6.6 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.1 40 -10 7.2 +0.0
DWM WisdomTree International Equity Fund 14.1 48 -18 7.2 -0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.1 45 -15 6.0 -1.2
IQIN IQ 500 International ETF 14.0 25 5 7.7 +0.5
VIDI Vident International Equity Fund 13.9 59 -29 9.8 +2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 13.8 14 16 6.1 -1.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 13.7 23 7 6.3 -0.9
RNDM First Trust Developed International Equity Select ETF 13.6 65 -35 5.7 -1.5
FLEE Franklin FTSE Europe ETF 13.6 9 21 6.5 -0.8
FLEH Franklin FTSE Europe Hedged ETF 13.5 9 21 6.5 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 13.3 9 21 6.7 -0.5
IDMO Invesco S&P International Developed Momentum ETF 13.2 26 4 3.7 -3.6
IEV iShares Europe ETF 13.2 59 -29 6.3 -1.0
EWJE iShares MSCI Japan Equal Weighted ETF 13.0 15 15 6.4 -0.9
RBIN Nationwide Risk-Based International Equity ETF 12.9 42 -12 6.0 -1.2
DOL WisdomTree International LargeCap Dividend Fund 12.9 48 -18 7.2 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 12.8 20 10 6.2 -1.1
DTH WisdomTree International High Dividend Fund 12.8 58 -28 8.8 +1.5
VGK Vanguard FTSE Europe ETF 12.8 8 22 6.8 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 12.7 20 10 6.4 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 12.7 45 -15 6.1 -1.1
ZGBR SPDR Solactive United Kingdom ETF 12.7 14 16 7.1 -0.2
EFV iShares MSCI EAFE Value ETF 12.7 39 -9 8.4 +1.2
DMXF iShares ESG Advanced MSCI EAFE ETF 12.6 12 18 6.2 -1.0
EFA iShares MSCI EAFE ETF 12.6 32 -2 6.2 -1.0
IQDF FlexShares International Quality Dividend Index Fund 12.5 47 -17 7.9 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 12.5 30 0 4.1 -3.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 12.5 35 -5 6.1 -1.2
IQSI IQ Candriam ESG International Equity ETF 12.4 15 15 6.4 -0.8
LVHI Legg Mason International Low Volatility High Dividend ETF 12.4 40 -10 9.0 +1.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.4 25 5 6.2 -1.0
IEUR iShares Core MSCI Europe ETF 12.4 9 21 6.6 -0.6
DOO WisdomTree International Dividend ex-Financials Fund 12.4 58 -28 7.7 +0.4
WWJD Inspire International ESG ETF 12.2 80 -50 6.1 -1.1
EWU iShares MSCI United Kingdom ETF 12.1 51 -21 6.5 -0.7
EFG iShares MSCI EAFE Growth ETF 12.0 40 -10 4.1 -3.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.9 45 -15 7.7 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 11.8 48 -18 5.5 -1.7
SPEU SPDR Portfolio Europe ETF 11.8 9 21 6.8 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 11.7 20 10 6.4 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 11.6 25 5 7.7 +0.5
GSID Goldman Sachs MarketBeta International Equity ETF 11.4 20 10 6.3 -0.9
FLGB Franklin FTSE United Kingdom ETF 11.4 9 21 6.9 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.2 7 23 6.5 -0.7
OEUR O'shares FTSE Europe Quality Dividend ETF 11.2 48 -18 5.1 -2.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 11.1 19 11 5.8 -1.4
IDLV Invesco S&P International Developed Low Volatility ETF 11.0 25 5 6.2 -1.0
AVDE Avantis International Equity ETF 10.9 23 7 6.9 -0.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 10.8 20 10 9.4 +2.2
SCHF Schwab International Equity ETF 10.8 6 24 6.5 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 10.8 5 25 6.5 -0.8
IEFA iShares Core MSCI EAFE ETF 10.7 7 23 6.5 -0.7
ZCAN SPDR Solactive Canada ETF 10.7 14 16 6.5 -0.7

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 Multifactor Intl 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 10.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.54
 
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.