IQ 500 International
ALTAR
Score™
8.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
12.6x P/Sales
ratio
0.5x
P/BV
ratio
1.3x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IQIN tracks an index of developed market ex-US stocks. The index uses fundamental factors for selection and weighting.

FUND BASICS
Category International Equities
Fund Sponsor New York Life
Website www.nylinvestments.com
Inception date Dec 13, 2018
Assets (mns) $109
Currency USD
Expense ratio 25 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 498
Wgt avg mkt cap (mns) $48,806
Large cap (>$10bn) 79.9%
Mid cap ($2-10bn) 18.5%
Small cap (<$2bn) 1.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 1.3 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.3 %
ITOCHU CORP 1.2 %
NESTLE SA-REG 1.1 %
MITSUBISHI CORP 1.1 %
VOLKSWAGEN AG-PFD 1.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
ROYAL DUTCH SHELL PLC-B SHS 1.0 %
TOTAL SA 1.0 %
ENEL SPA 0.8 %
Total 10.8 %

TOP COUNTRY EXPOSURE
JAPAN 31.6 %
FRANCE 12.6 %
GERMANY 11.9 %
BRITAIN 10.2 %
CANADA 5.8 %
SWITZERLAND 5.4 %
NETHERLANDS 4.1 %
ITALY 2.9 %
SPAIN 2.8 %
AUSTRALIA 2.7 %

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.
13.7% -- -- -- 13.7%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $28.01
30d moving avg. $27.38
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $33,624

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the IQ 500 International ETF based on the alternatives' overlap in portfolio holdings with IQIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQIN Expense: 25 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQIN
Ticker Fund
Name
Overlap1
vs IQIN
(%)
Expense
ratio
(bp)
Savings
vs IQIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQIN
(%)
REFA Invesco International Revenue ETF 67.4 42 -17 8.8 +0.4
FNDF Schwab Fundamental Intl Large Cap 61.5 25 0 7.5 -1.0
PXF Invesco FTSE-RAFI Developed ex-US 57.9 45 -20 8.2 -0.3
ISDX Invesco Strategic Developed ex-US 51.6 23 2 7.8 -0.7
JHMD John Hancock Multifactor Developed International 51.6 45 -20 7.3 -1.2
EFA iShares MSCI EAFE 50.6 31 -6 7.0 -1.5
DBEF Xtrackers MSCI EAFE Hedged 49.8 35 -10 6.9 -1.6
HFXI IQ 50 Percent Hedged FTSE Int'l 49.7 20 5 7.3 -1.2
SCHF Schwab International Equity 49.5 6 19 7.4 -1.1
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 49.1 35 -10 7.9 -0.6
DWM WisdomTree DEFA Fund 48.6 48 -23 7.7 -0.8
PBDM Invesco PureBeta FTSE Developed ex-North America 48.6 7 18 7.6 -0.9
GSIE Goldman Sachs ActiveBeta Int'l Equity 48.2 25 0 6.7 -1.8
SPDW SPDR Portfolio World ex-US 48.0 4 21 7.2 -1.3
IDEV iShares Core MSCI Int'l Developed Markets 47.8 5 20 7.2 -1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free 47.8 20 5 7.2 -1.3
ESGD iShares MSCI EAFE ESG Optimized 46.9 20 5 6.9 -1.6
IEFA iShares Core MSCI EAFE 46.7 7 18 7.1 -1.4
DOL WisdomTree Int'l Large Cap Dividend 46.4 48 -23 7.7 -0.7
ESGF Invesco Global ESG Revenue ETF 46.3 45 -20 8.3 -0.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
IQ 500 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 10.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.