ETF Research Center

The iShares S&P Global 100 Index fund seeks investment results that correspond to the price and yield performance of the Standard & Poor's Global 100 Index. The index consists primarily of stocks of large companies with multinational operations.

FUND BASICS
Category	Global Equities
Fund Sponsor	Barclays Global Investors
Website	www.ishares.com
Inception date	Dec 05, 2000
Assets (mns)	$2,864
Currency	USD
Expense ratio	40 bp
Distributions	Semi-Annually

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	105
Wgt avg mkt cap (mns)	$813,001
Large cap (>$10bn)	100.0%
Mid cap ($2-10bn)	0.0%
Small cap (<$2bn)	0.0%
Developed mkts	97.7%
Emerging mkts	2.3%

TOP TEN HOLDINGS
Total	48.7 %
APPLE INC	11.9 %
MICROSOFT CORP	10.8 %
AMAZON.COM INC	8.1 %
ALPHABET INC. CLASS A	3.7 %
ALPHABET INC. CLASS C	3.6 %
JPMORGAN CHASE & CO	2.8 %
JOHNSON & JOHNSON	2.6 %
PROCTER & GAMBLE CO/THE	1.9 %
NESTLE SA-REG	1.9 %
INTEL CORP	1.5 %

TOP COUNTRY EXPOSURE
	UNITED STATES	70.0 %
	BRITAIN	7.4 %
	SWITZERLAND	5.7 %
	FRANCE	4.6 %
	GERMANY	3.7 %
	JAPAN	3.4 %
	SOUTH KOREA	2.3 %
	SPAIN	0.8 %
	AUSTRALIA	0.7 %
	NETHERLANDS	0.6 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru February 28)
Year-to-date	1 year	5 years	10 years	Since Incep.
1.7%	31.4%	16.3%	9.6%	5.4%

Market Correlations
versus...	Beta	R-squared
S&P500	0.91	96%
MSCI EAFE	0.87	88%
MSCI Emg. Mkts.	0.70	69%

Technical Indicators
Recent close	$64.00
30d moving avg.	$64.96
Annualized volatility	17.1%
Short interest (ETF)	0.3%
Relative strength (RSI)	53

Liquidity measures
Avg. volume (thou.)	111
Turnover	0.3%
Bid/Ask (% of price)	0.10%
ADV underlying (mns)	$84,501

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares Global 100 ETF ETF based on the alternatives' overlap in portfolio holdings with IOO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

IOO

Expense:

40 bp

ALTAR Score™:

4.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH IOO
Ticker	Fund Name	Overlap¹ vs IOO (%)	Expense ratio (bp)	Savings vs IOO (bp)	ALTAR Score™ (%)	ALTAR vs IOO (%)
XLG	Invesco S&P 500 Top 50 ETF	59.4	20	20	4.4	-0.4
OEF	iShares S&P 100 ETF	53.2	20	20	4.6	-0.2
ESGV	Vanguard ESG U.S. Stock ETF	48.5	12	28	4.7	-0.1
SPUS	SP Funds S&P 500 Sharia Industry Exclusions ETF	46.0	49	-9	3.8	-1.0
VOOG	Vanguard S&P 500 Growth ETF	46.0	10	30	4.0	-0.8
IWY	iShares Russell Top 200 Growth ETF	45.3	20	20	3.9	-0.9
SPYG	SPDR Portfolio S&P 500 Growth ETF	44.4	4	36	4.0	-0.8
IVW	iShares S&P 500 Growth ETF	44.4	18	22	3.9	-0.9
EFIV	SPDR S&P 500 ESG ETF	43.6	10	30	4.9	+0.1
SNPE	Xtrackers S&P 500 ESG ETF	43.5	10	30	4.9	+0.1
MGK	Vanguard Mega Cap Growth ETF	43.0	7	33	3.8	-1.0
IWL	iShares Russell Top 200 ETF	42.8	15	25	4.7	-0.1
MGC	Vanguard Mega Cap Index Fund	42.8	7	33	4.8	+0.1
BKLC	BNY Mellon US Large Cap Core Equity ETF	42.3	0	40	4.8	0.0
IUSG	iShares Core S&P US Growth ETF	41.7	4	36	4.0	-0.8
ESGG	FlexShares STOXX Global ESG Impact Index Fund	41.4	42	-2	4.9	+0.1
ESG	FlexShares STOXX US ESG Impact Index Fund	39.4	32	8	4.8	+0.0
QYLD	Global X NASDAQ 100 Covered Call ETF	39.4	60	-20	3.3	-1.5
IETC	iShares Evolved U.S. Technology ETF	39.4	18	22	3.6	-1.2
QYLG	Global X Nasdaq 100 Covered Call & Growth ETF	39.4	60	-20	3.3	-1.5
IWF	iShares Russell 1000 Growth ETF	39.3	19	21	3.7	-1.1
QQQM	Invesco NASDAQ 100 ETF	39.3	15	25	3.8	-1.0
QQQ	Invesco QQQ Trust	39.3	20	20	3.7	-1.1
SCHG	Schwab U.S. Large-Cap Growth ETF	38.6	4	36	3.3	-1.4
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	38.6	20	20	4.8	+0.0
NUSI	Nationwide Risk-Managed Income ETF	38.4	68	-28	3.2	-1.5
SPXN	ProShares S&P 500 Ex-Financials ETF	37.6	27	13	4.5	-0.3
VONG	Vanguard Russell 1000 Growth Index Fund	37.5	8	32	3.8	-1.0
JCTR	JPMorgan Carbon Transition U.S. Equity ETF	37.4	15	25	5.0	+0.2
TMFC	Motley Fool 100 Index ETF	37.3	50	-10	3.0	-1.8
SPXV	ProShares S&P 500 Ex-Health Care ETF	37.0	27	13	4.5	-0.3
HIPR	Direxion High Growth ETF	36.6	40	0	4.2	-0.6
XOUT	GraniteShares XOUT U.S. Large Cap ETF	36.5	60	-20	3.7	-1.1
VUG	Vanguard Growth Index Fund	36.1	4	36	3.6	-1.2
PBP	Invesco S&P 500 BuyWrite ETF	36.0	49	-9	4.5	-0.3
XYLG	Global X S&P 500 Covered Call & Growth ETF	35.7	60	-20	4.4	-0.3
SPYX	SPDR S&P 500 Fossil Fuel Reserves Free ETF	35.7	20	20	4.9	+0.2
SPY	SPDR S&P 500 ETF Trust	35.7	9	31	4.9	+0.1
IVV	iShares Core S&P 500 ETF	35.7	3	37	4.9	+0.2
SPLG	SPDR Portfolio Large Cap ETF	35.6	3	37	5.0	+0.2
ONEQ	Fidelity Nasdaq Composite Index Tracking Stock	35.5	21	19	3.1	-1.6
IGM	iShares Expanded Tech Sector ETF	35.4	46	-6	3.4	-1.4
MMTM	SPDR S&P 1500 Momentum Tilt ETF	35.3	12	28	4.2	-0.6
SPXE	ProShares S&P 500 Ex-Energy ETF	35.3	27	13	4.8	+0.1
SUSL	iShares ESG MSCI USA Leaders ETF	35.1	10	30	5.0	+0.2
VOO	VANGUARD S&P 500 ETF	35.1	3	37	4.9	+0.2
USSG	Xtrackers MSCI USA ESG Leaders Equity ETF	35.1	10	30	5.0	+0.2
GSUS	Goldman Sachs MarketBeta U.S. Equity ETF	35.0	7	33	4.7	-0.0
PLC	Principal U.S. Large-Cap Multi-Factor Core Index ETF	34.7	15	25	0.0	-4.8
FDRR	Fidelity Dividend ETF for Rising Rates	34.7	29	11	6.6	+1.8
XVV	iShares ESG Screened S&P 500 ETF	34.6	8	32	5.0	+0.2
DLN	WisdomTree U.S. LargeCap Dividend Fund	34.5	28	12	6.4	+1.6
RECS	Columbia Research Enhanced Core ETF	34.5	15	25	5.5	+0.8
ESGU	iShares MSCI USA ESG Optimized ETF	34.4	15	25	4.7	-0.1
DIVB	iShares U.S. Dividend & Buyback ETF	34.3	25	15	6.0	+1.3
IQSU	IQ Candriam ESG US Equity ETF	34.1	9	31	4.7	-0.0
FDLO	Fidelity Low Volatility Factor ETF	34.0	29	11	4.6	-0.1
FVAL	Fidelity Value Factor ETF	33.8	29	11	6.8	+2.0
VV	Vanguard Large-Cap Index Fund	33.8	4	36	4.8	0.0
BBUS	JP Morgan Betabuilders U.S. Equity ETF	33.7	2	38	4.8	+0.1
PBUS	Invesco PureBeta MSCI USA ETF	33.6	4	36	4.8	+0.1
IYW	iShares U.S. Technology ETF	33.4	43	-3	3.6	-1.2
NACP	Impact Shares NAACP Minority Empowerment ETF	33.4	49	-9	4.6	-0.2
EPS	WisdomTree U.S. Earnings 500 Fund	33.2	8	32	6.2	+1.4
JOYY	Infusive Compounding Global Equities ETF	32.9	50	-10	3.7	-1.1
WOMN	Impact Shares YWCA Women's Empowerment ETF	32.5	75	-35	4.5	-0.3
SPTM	SPDR Portfolio Total Stock Market ETF	32.5	3	37	5.0	+0.2
ACIO	Aptus Collared Income Opportunity ETF	32.4	79	-39	4.0	-0.8
SCHX	Schwab U.S. Large-Cap ETF	32.4	3	37	4.8	-0.0
SYE	SPDR MFS Systematic Core Equity ETF	32.2	60	-20	5.0	+0.2
DGT	SPDR Global Dow ETF	32.2	50	-10	6.4	+1.6
DTD	WisdomTree U.S.Total Dividend Fund	32.1	28	12	6.5	+1.7
KOKU	Xtrackers MSCI Kokusai Equity ETF	31.8	9	31	5.2	+0.4
TOK	iShares MSCI Kokusai ETF	31.8	25	15	5.0	+0.3
STLG	iShares Factors US Growth Style ETF	31.7	25	15	4.5	-0.2
IWB	iShares Russell 1000 ETF	31.6	15	25	4.7	-0.1
SYG	SPDR MFS Systematic Growth Equity ETF	31.5	60	-20	3.8	-1.0
SCHK	Schwab 1000 Index ETF	31.1	5	35	4.7	-0.1
IYY	iShares Dow Jones U.S. ETF	31.1	20	20	4.6	-0.2
USMC	Principal U.S. Mega-Cap Multi-Factor Index ETF	30.9	12	28	5.2	+0.4
FQAL	Fidelity Quality Factor ETF	30.8	29	11	5.1	+0.3
SPXT	ProShares S&P 500 Ex-Technology ETF	30.8	27	13	5.1	+0.3
VONE	Vanguard Russell 1000 ETF	30.4	8	32	4.7	-0.0
URTH	iShares MSCI World ETF	30.2	24	16	5.1	+0.3
ADME	Aptus Drawdown Managed Equity ETF	30.0	79	-39	3.5	-1.3
SFY	SoFi Select 500 ETF	29.9	0	40	4.8	0.0
CATH	Global X S&P 500 Catholic Values Custom ETF	29.8	29	11	4.7	-0.1
FDVV	Fidelity Core Dividend ETF	29.8	29	11	6.5	+1.7
VTHR	Vanguard Russell 3000 Index Fund	29.6	10	30	4.6	-0.2
DGRO	iShares Core Dividend Growth ETF	29.5	8	32	6.4	+1.6
IWV	iShares Russell 3000 ETF	29.4	20	20	4.5	-0.3
QUS	SPDR MSCI USA StrategicFactors ETF	29.4	15	25	5.5	+0.7
SCHB	Schwab U.S. Broad Market ETF	29.2	3	37	4.6	-0.1
DSI	iShares MSCI KLD 400 Social ETF	29.1	25	15	4.7	-0.1
ITOT	iShares Core S&P Total U.S. Stock Market ETF	29.0	3	37	4.6	-0.2
QWLD	SPDR MSCI World StrategicFactors ETF	29.0	30	10	5.6	+0.8
GSLC	Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF	28.9	9	31	5.1	+0.3
SFYF	SoFi 50 ETF	28.6	29	11	-0.4	-5.2

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

	2016	2017	2018	2019	2020	2021E	2022E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2020	2021E	2022E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	iShares Global 100 ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	14.8	%
Divided by: Fwd. P/BV	2.9	x
Less: Expense ratio	40	bp
Equals: ALTAR Score	4.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.37	CATEGORY AVERAGE	1.48

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.