iShares Core MSCI Pacific ETF
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.7x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Core MSCI Pacific ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of Pacific region developed market large, mid and small capitalization equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 10, 2014
Assets (mns) $977
Currency USD
Expense ratio 9 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 824
Wgt avg mkt cap (mns) $35,326
Large cap (>$10bn) 65.3%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 8.4%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
MIZUHO FINANCIAL GROUP INC 4.9 %
TOYOTA MOTOR CORP 2.3 %
AIA GROUP LTD 1.9 %
SONY CORP 1.6 %
CSL LIMITED 1.5 %
SOFTBANK GROUP CORP. 1.5 %
KEYENCE CORP 1.4 %
COMMONWEALTH BANK OF AUSTRAL 1.3 %
BHP BILLITON LTD 1.2 %
NINTENDO CO LTD 1.0 %
Total 18.7 %

TOP COUNTRY EXPOSURE
JAPAN 72.3 %
AUSTRALIA 17.3 %
HONG KONG 7.4 %
SINGAPORE 2.8 %
NEW ZEALAND 0.9 %
CHINA 0.3 %
MACAU 0.2 %
IRELAND 0.2 %
BERMUDA 0.1 %
UNITED STATES 0.0 %

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.
-2.9% 6.6% 6.5% -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 0.77 83%
MSCI EAFE 0.87 91%
MSCI Emg. Mkts. 0.61 69%

Technical Indicators
Recent close $56.80
30d moving avg. $56.10
Annualized volatility 14.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 37
Turnover 0.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $9,441

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Core MSCI Pacific ETF ETF based on the alternatives' overlap in portfolio holdings with IPAC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IPAC Expense: 9 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IPAC
Ticker Fund
Name
Overlap1
vs IPAC
(%)
Expense
ratio
(bp)
Savings
vs IPAC
(bp)
ALTAR
Score™
(%)
ALTAR
vs IPAC
(%)
VPL Vanguard FTSE Pacific ETF 76.8 8 1 7.4 +0.4
FLJP Franklin FTSE Japan ETF 65.7 9 0 7.3 +0.3
FLJH Franklin FTSE Japan Hedged ETF 65.7 9 0 7.3 +0.3
BBJP JPMorgan BetaBuilders Japan ETF 63.9 19 -10 7.2 +0.1
EWJ iShares MSCI Japan ETF 63.1 49 -40 6.9 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 62.8 45 -36 6.9 -0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 62.4 14 -5 7.3 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 61.1 30 -21 0.0 -7.0
JPXN iShares JPX-Nikkei 400 ETF 60.6 48 -39 6.9 -0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 60.3 9 0 7.4 +0.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 60.1 25 -16 7.0 -0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 46.7 35 -26 6.9 -0.2
EWJE iShares MSCI Japan Equal Weighted ETF 44.5 15 -6 7.0 -0.1
DXJ WisdomTree Japan Hedged Equity Fund 44.2 48 -39 7.8 +0.8
EFV iShares MSCI EAFE Value ETF 40.1 39 -30 9.7 +2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 40.1 14 -5 6.8 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 39.2 20 -11 7.3 +0.2
EFA iShares MSCI EAFE ETF 38.0 32 -23 7.0 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 37.9 20 -11 7.4 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 37.8 20 -11 7.0 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 37.3 30 -21 6.8 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 36.5 7 2 7.4 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.5 35 -26 6.8 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 36.5 20 -11 6.9 -0.2
IDY Pacific Global International Equity Income ETF 36.5 39 -30 8.0 +1.0
EWJV iShares MSCI Japan Value ETF 36.4 15 -6 10.0 +3.0
JHMD John Hancock Multifactor Developed International ETF 36.3 39 -30 7.3 +0.3
EFG iShares MSCI EAFE Growth ETF 35.8 40 -31 4.4 -2.6
BKIE BNY Mellon International Equity ETF 35.7 4 5 7.3 +0.3
IEFA iShares Core MSCI EAFE ETF 35.7 7 2 7.2 +0.2
ISZE iShares Edge MSCI Intl Size Factor ETF 35.1 30 -21 7.1 +0.1
JPMV iShares Edge MSCI Min Vol Japan ETF 34.7 30 -21 6.2 -0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 34.6 35 -26 8.6 +1.6
DWM WisdomTree International Equity Fund 34.5 48 -39 8.3 +1.3
IQSI IQ Candriam ESG International Equity ETF 34.4 15 -6 7.3 +0.2
SCIJ Global X Scientific Beta Japan ETF 34.4 40 -31 6.8 -0.3
SCHF Schwab International Equity ETF 33.4 6 3 7.3 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 33.2 25 -16 8.8 +1.7
IVLU iShares Edge MSCI Intl Value Factor ETF 32.6 30 -21 11.5 +4.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 32.4 30 -21 0.0 -7.0
SPDW SPDR Portfolio Developed World ex-US ETF 32.3 4 5 7.1 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 31.9 5 4 7.2 +0.1
DOL WisdomTree International LargeCap Dividend Fund 31.8 48 -39 8.7 +1.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.1 29 -20 7.5 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 30.9 45 -36 8.9 +1.9
VEA Vanguard FTSE Developed Markets ETF 30.4 5 4 7.3 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.1 39 -30 6.5 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 29.7 83 -74 5.4 -1.7
PDEV Principal International Multi-Factor Core Index ETF 29.4 25 -16 7.9 +0.9
CIL VictoryShares International Volatility Weighted Index ETF 29.1 45 -36 6.6 -0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 29.1 45 -36 6.6 -0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 28.8 24 -15 6.9 -0.1
VSGX Vanguard ESG International Stock ETF 28.3 17 -8 7.1 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 28.0 25 -16 6.6 -0.4
VYMI Vanguard International High Dividend Yield ETF 26.9 27 -18 10.3 +3.3
IDLV Invesco S&P International Developed Low Volatility ETF 26.4 25 -16 6.6 -0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 25.9 30 -21 4.3 -2.8
IQIN IQ 500 International ETF 25.9 25 -16 8.7 +1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 25.7 39 -30 8.3 +1.2
TPIF Timothy Plan International ETF 25.7 62 -53 6.2 -0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 25.5 30 -21 5.9 -1.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 25.4 20 -11 5.4 -1.7
IDHQ Invesco S&P International Developed Quality ETF 25.2 29 -20 5.0 -2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 25.0 16 -7 6.9 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 24.8 8 1 7.6 +0.5
DTH WisdomTree DEFA Equity Income Fund 24.6 58 -49 9.9 +2.9
AVDE Avantis International Equity ETF 24.6 23 -14 7.6 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 24.5 48 -39 6.6 -0.5
CWI SPDR MSCI ACWI ex-US ETF 24.4 30 -21 7.2 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 24.4 32 -23 7.3 +0.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 24.1 19 -10 6.9 -0.2
ISDX Invesco Strategic Developed ex-US ETF 24.0 23 -14 7.4 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.8 40 -31 7.1 +0.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.0 45 -36 7.0 -0.1
IXUS ishares Core MSCI Total International Stock ETF 23.0 9 0 7.4 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 22.7 37 -28 7.8 +0.8
RBIN Nationwide Risk-Based International Equity ETF 22.7 42 -33 6.0 -1.0
VXUS Vanguard Total International Stock Index Fund 22.4 8 1 7.5 +0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 22.2 35 -26 8.5 +1.5
DIM WisdomTree International MidCap Dividend Fund 21.7 58 -49 7.6 +0.5
VGFO Virtus WMC Global Factor Opportunities ETF 20.2 49 -40 8.0 +1.0
IDMO Invesco S&P International Developed Momentum ETF 20.0 26 -17 4.5 -2.6
DWMF WisdomTree International Multifactor Fund 19.6 38 -29 6.2 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.5 29 -20 7.6 +0.6
RNDM Developed International Equity Select ETF 19.3 65 -56 6.3 -0.8
QINT American Century Quality Diversified International ETF 17.9 39 -30 6.0 -1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 17.2 40 -31 6.7 -0.4
IXG iShares Global Financials ETF 17.1 46 -37 10.2 +3.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.2 32 -23 5.9 -1.1
FLAU Franklin FTSE Australia ETF 16.0 9 0 6.7 -0.4
IGRO iShares International Dividend Growth ETF 15.6 22 -13 8.0 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 15.6 30 -21 6.3 -0.7
FDEV Fidelity Targeted International Factor ETF 15.2 39 -30 6.4 -0.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 15.1 30 -21 8.6 +1.6
SCIX Global X Scientific Beta Asia ex-Japan ETF 15.0 38 -29 6.8 -0.3
FIVA Fidelity International Value Factor ETF 14.8 39 -30 9.7 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 14.7 39 -30 7.0 -0.1
FJP First Trust Japan AlphaDEX Fund 14.3 80 -71 8.3 +1.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 14.3 49 -40 6.3 -0.8

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

  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 Core MSCI Pacific 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 8.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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