iShares Core MSCI Pacific ETF
ALTAR
Score™
7.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.9x P/Sales
ratio
1.0x
P/BV
ratio
1.2x Div.
yield
2.7%


  • 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 12, 2014
Assets (mns) $972
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 800
Wgt avg mkt cap (mns) $31,667
Large cap (>$10bn) 64.3%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 8.7%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 2.5 %
AIA GROUP LTD 1.7 %
SONY CORP 1.5 %
CSL LIMITED 1.5 %
KEYENCE CORP 1.3 %
COMMONWEALTH BANK OF AUSTRAL 1.3 %
SOFTBANK GROUP CORP. 1.2 %
BHP BILLITON LTD 1.2 %
TAKEDA PHARMACEUTICAL CO LTD 1.0 %
DAIICHI SANKYO CO LTD 0.9 %
Total 14.1 %

TOP COUNTRY EXPOSURE
JAPAN 68.8 %
AUSTRALIA 16.6 %
HONG KONG 7.2 %
SINGAPORE 2.9 %
NEW ZEALAND 0.9 %
MACAU 0.3 %
CHINA 0.2 %
BERMUDA 0.2 %
IRELAND 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.8% 0.2% 2.7% -- 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.77 84%
MSCI EAFE 0.87 91%
MSCI Emg. Mkts. 0.65 79%

Technical Indicators
Recent close $53.99
30d moving avg. $50.27
Annualized volatility 14.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 153
Turnover 0.9%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $28,866

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™: 7.5%


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 7.8 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 62.2 30 -21 7.6 +0.1
FLJP Franklin FTSE Japan ETF 62.1 9 0 7.8 +0.4
FLJH Franklin FTSE Japan Hedged ETF 62.0 9 0 7.7 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 61.1 19 -10 7.7 +0.2
EWJ iShares MSCI Japan ETF 59.9 49 -40 7.4 -0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 59.4 45 -36 7.4 -0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 59.3 14 -5 8.0 +0.5
JPXN iShares JPX-Nikkei 400 ETF 56.9 48 -39 7.5 +0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 56.7 25 -16 7.6 +0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 56.5 9 0 7.9 +0.4
EWJE iShares MSCI Japan Equal Weighted ETF 43.4 15 -6 7.1 -0.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 43.3 83 -74 7.1 -0.4
DXJ WisdomTree Japan Hedged Equity Fund 40.2 48 -39 8.3 +0.8
EFV iShares MSCI EAFE Value ETF 37.1 39 -30 10.0 +2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 36.9 14 -5 7.0 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 36.1 20 -11 7.3 -0.2
EFA iShares MSCI EAFE ETF 36.1 32 -23 7.2 -0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 36.0 20 -11 7.5 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 35.4 35 -26 7.0 -0.4
SCIJ Global X Scientific Beta Japan ETF 35.1 39 -30 7.2 -0.3
JHMD John Hancock Multifactor Developed International ETF 35.1 45 -36 7.4 -0.1
EFG iShares MSCI EAFE Growth ETF 34.7 40 -31 4.7 -2.8
ISZE iShares Edge MSCI Intl Size Factor ETF 34.7 30 -21 6.9 -0.5
IDY Pacific Global International Equity Income ETF 34.3 39 -30 8.0 +0.5
IQSI IQ Candriam ESG International Equity ETF 34.3 15 -6 7.3 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 34.2 7 2 7.6 +0.1
IEFA iShares Core MSCI EAFE ETF 34.0 7 2 7.3 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 33.3 20 -11 7.2 -0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 32.5 30 -21 6.8 -0.7
JPMV iShares Edge MSCI Min Vol Japan ETF 32.3 30 -21 6.9 -0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.3 39 -30 6.7 -0.8
EWJV iShares MSCI Japan Value ETF 31.9 15 -6 10.8 +3.3
DWM WisdomTree International Equity Fund 31.8 48 -39 8.2 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 31.8 4 5 7.2 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.6 35 -26 8.6 +1.1
SCHF Schwab International Equity ETF 31.6 6 3 7.4 -0.1
FNDF Schwab Fundamental International Large Co. Index ETF 31.5 25 -16 8.7 +1.2
IDEV iShares Core MSCI International Developed Markets ETF 29.8 5 4 7.3 -0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 29.2 30 -21 11.3 +3.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 29.2 30 -21 5.0 -2.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 28.9 48 -39 0.0 -7.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.8 29 -20 8.1 +0.6
VEA Vanguard FTSE Developed Markets ETF 28.4 5 4 7.4 -0.1
DOL WisdomTree International LargeCap Dividend Fund 28.1 48 -39 8.5 +1.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.1 45 -36 8.8 +1.4
CIL VictoryShares International Volatility Weighted Index ETF 27.9 45 -36 6.7 -0.8
PDEV Principal International Multi-Factor Core Index ETF 27.6 25 -16 7.9 +0.4
TPIF Timothy Plan International ETF 27.5 62 -53 7.0 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 27.0 25 -16 6.8 -0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 26.6 24 -15 7.2 -0.3
JPGE JPMorgan Diversified Return Global Equity ETF 26.6 29 -20 7.3 -0.2
IQIN IQ 500 International ETF 25.3 25 -16 9.0 +1.5
VSGX Vanguard ESG International Stock ETF 25.1 17 -8 7.4 -0.1
CWI SPDR MSCI ACWI ex-US ETF 24.4 30 -21 7.6 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 24.3 39 -30 9.1 +1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 24.2 16 -7 7.1 -0.4
EPP iShares MSCI Pacific ex-Japan ETF 24.1 48 -39 6.8 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 24.0 32 -23 7.5 +0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 23.8 83 -74 6.3 -1.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 23.7 19 -10 7.0 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 23.5 8 1 7.7 +0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.3 45 -36 7.2 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.3 40 -31 7.4 -0.1
AVDE Avantis International Equity ETF 23.1 23 -14 7.9 +0.4
RBIN Nationwide Risk-Based International Equity ETF 22.8 42 -33 6.5 -1.0
IDLV Invesco S&P International Developed Low Volatility ETF 22.7 25 -16 6.9 -0.6
IXUS ishares Core MSCI Total International Stock ETF 22.3 9 0 7.6 +0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.2 30 -21 6.2 -1.3
DTH WisdomTree DEFA Equity Income Fund 21.8 58 -49 9.6 +2.1
VXUS Vanguard Total International Stock Index Fund 21.8 8 1 7.7 +0.2
DIM WisdomTree International MidCap Dividend Fund 21.7 58 -49 7.6 +0.1
ISDX Invesco Strategic Developed ex-US ETF 21.2 23 -14 7.4 -0.1
JPIN JPMorgan Diversified Return International Equity ETF 21.1 38 -29 8.0 +0.5
VYMI Vanguard International High Dividend Yield ETF 21.0 32 -23 10.1 +2.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.8 35 -26 8.6 +1.1
IDHQ Invesco S&P International Developed High Quality ETF 20.6 29 -20 5.4 -2.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.4 20 -11 5.9 -1.6
DWMF WisdomTree International Multifactor Fund 20.2 38 -29 6.8 -0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.0 29 -20 8.6 +1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 17.4 40 -31 6.9 -0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 16.7 80 -71 6.0 -1.5
AXJL WisdomTree Asia Pacific ex-Japan Fund 16.5 48 -39 10.0 +2.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.3 32 -23 6.5 -1.0
FDEV Fidelity Targeted International Factor ETF 16.2 39 -30 6.5 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 16.2 45 -36 6.9 -0.6
QINT American Century Quality Diversified International ETF 16.2 39 -30 5.9 -1.6
FIVA Fidelity International Value Factor ETF 15.8 39 -30 10.2 +2.7
FJP First Trust Japan AlphaDEX Fund 15.6 80 -71 9.2 +1.7
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 15.4 43 -34 9.2 +1.7
IDMO Invesco S&P International Developed Momentum ETF 15.4 25 -16 4.7 -2.8
RNDM Developed International Equity Select ETF 15.3 65 -56 6.4 -1.1
IGRO iShares International Dividend Growth ETF 15.2 22 -13 8.0 +0.5
FLAU Franklin FTSE Australia ETF 15.2 9 0 6.5 -1.0
FNDC Schwab Fundamental International Small Co. Index ETF 14.3 39 -30 7.1 -0.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 14.3 38 -29 6.6 -0.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 14.0 29 -20 12.2 +4.7
IQDG WisdomTree International Quality Dividend Growth Fund 13.7 38 -29 6.4 -1.1
EWA iShares MSCI Australia ETF 13.7 50 -41 6.1 -1.4

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 9.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.