iShares Edge MSCI Intl Quality Factor ETF
ALTAR
Score™
5.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
22.5x P/Sales
ratio
2.1x
P/BV
ratio
2.7x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI International Developed Quality Factor ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track an index that measures the performance of international developed large and mid capitalization stocks exhibiting relatively higher quality characteristics as identified through three fundamental variables: ROE, earnings varilability & debt-to-equity.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 13, 2015
Assets (mns) $2,548
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust Co
Weighting Multi-Factor
Index replication Not Applicable
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 295
Wgt avg mkt cap (mns) $77,699
Large cap (>$10bn) 90.1%
Mid cap ($2-10bn) 8.5%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 3.5 %
ASML HOLDING NV 3.3 %
NESTLE SA-REG 2.9 %
NOVO NORDISK A/S-B 2.5 %
AIA GROUP LTD 2.3 %
LVMH MOET HENNESSY LOUIS VUI 2.2 %
TOTAL SA 2.2 %
RIO TINTO PLC 1.9 %
CSL LIMITED 1.7 %
ALLIANZ SE-REG 1.7 %
Total 24.3 %

TOP COUNTRY EXPOSURE
JAPAN 15.1 %
BRITAIN 14.2 %
SWITZERLAND 11.6 %
FRANCE 8.2 %
AUSTRALIA 7.3 %
HONG KONG 6.1 %
NETHERLANDS 6.1 %
CANADA 5.8 %
DENMARK 4.7 %
SWEDEN 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.8% 11.0% 8.3% -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.81 85%
MSCI EAFE 0.88 97%
MSCI Emg. Mkts. 0.69 75%

Technical Indicators
Recent close $34.62
30d moving avg. $32.95
Annualized volatility 16.6%
Short interest (ETF) 0.8%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 520
Turnover 0.7%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $23,612

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IQLT Expense: 30 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQLT
Ticker Fund
Name
Overlap1
vs IQLT
(%)
Expense
ratio
(bp)
Savings
vs IQLT
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQLT
(%)
IDHQ Invesco S&P International Developed Quality ETF 51.1 29 1 4.8 -0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 50.6 30 0 6.3 +0.7
EFG iShares MSCI EAFE Growth ETF 49.4 40 -10 4.3 -1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 41.0 14 16 6.3 +0.6
IQSI IQ Candriam ESG International Equity ETF 40.2 15 15 6.6 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 40.1 12 18 6.4 +0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 39.9 45 -15 6.2 +0.6
IEV iShares Europe ETF 39.9 59 -29 6.4 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 39.6 30 0 4.3 -1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 39.5 20 10 6.3 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 38.9 9 21 6.9 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 38.8 20 10 6.6 +0.9
FLEH Franklin FTSE Europe Hedged ETF 38.6 9 21 6.8 +1.1
RESD WisdomTree International ESG Fund 38.6 30 0 6.4 +0.8
FLEE Franklin FTSE Europe ETF 38.2 9 21 6.6 +1.0
EFA iShares MSCI EAFE ETF 37.5 32 -2 6.5 +0.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 37.5 35 -5 6.3 +0.7
DOL WisdomTree International LargeCap Dividend Fund 37.2 48 -18 7.4 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 36.7 25 5 6.2 +0.6
BKIE BNY Mellon International Equity ETF 36.6 4 26 6.8 +1.2
GSID Goldman Sachs MarketBeta International Equity ETF 36.6 20 10 6.5 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 36.5 25 5 6.1 +0.4
IEUR iShares Core MSCI Europe ETF 35.4 9 21 6.8 +1.1
VGK Vanguard FTSE Europe ETF 35.1 8 22 6.9 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 35.1 20 10 6.8 +1.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 35.0 58 -28 6.2 +0.6
JHMD John Hancock Multifactor Developed International ETF 34.9 39 -9 6.8 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 34.6 42 -12 6.4 +0.7
FEU SPDR Portfolio Europe ETF 34.5 9 21 7.0 +1.3
VIGI Vanguard International Dividend Appreciation ETF 34.4 20 10 5.3 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 33.9 35 -5 7.6 +2.0
DWM WisdomTree International Equity Fund 33.8 48 -18 7.4 +1.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.3 7 23 7.0 +1.3
CIL VictoryShares International Volatility Weighted Index ETF 33.1 45 -15 6.5 +0.9
RFEU First Trust Riverfront Dynamic Europe ETF 33.1 83 -53 5.8 +0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.1 45 -15 6.5 +0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.8 35 -5 6.3 +0.6
PDEV Principal International Multi-Factor Core Index ETF 32.4 25 5 7.3 +1.6
SCHF Schwab International Equity ETF 32.3 6 24 6.8 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.1 39 -9 6.0 +0.4
IEFA iShares Core MSCI EAFE ETF 32.1 7 23 6.7 +1.1
DFAI Dimensional International Core Equity Market ETF 31.5 18 12 6.7 +1.1
FDEV Fidelity Targeted International Factor ETF 31.4 39 -9 6.3 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 31.3 83 -53 5.4 -0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 31.2 48 -18 6.5 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 30.9 5 25 6.6 +1.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 30.6 58 -28 6.7 +1.0
TPIF Timothy Plan International ETF 30.4 62 -32 6.2 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 29.0 4 26 6.5 +0.9
QINT American Century Quality Diversified International ETF 28.8 39 -9 6.0 +0.3
IDMO Invesco S&P International Developed Momentum ETF 28.7 26 4 3.9 -1.7
VEA Vanguard FTSE Developed Markets ETF 28.7 5 25 6.8 +1.2
VSGX Vanguard ESG International Stock ETF 28.3 17 13 6.7 +1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 27.7 16 14 6.4 +0.7
IGRO iShares International Dividend Growth ETF 27.2 22 8 7.8 +2.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 27.0 58 -28 5.5 -0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 26.9 32 -2 5.8 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.8 20 10 5.2 -0.5
JIG JPMorgan International Growth ETF 26.6 55 -25 2.7 -2.9
ISZE iShares Edge MSCI Intl Size Factor ETF 26.3 30 0 6.7 +1.0
EZU iShares MSCI Eurozone ETF 25.9 49 -19 6.1 +0.4
IDY Pacific Global International Equity Income ETF 25.9 39 -9 7.6 +1.9
IPAC iShares Core MSCI Pacific ETF 25.4 9 21 6.5 +0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.4 45 -15 6.3 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 25.4 32 -2 6.8 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.3 40 -10 6.5 +0.9
RBIN Nationwide Risk-Based International Equity ETF 25.2 42 -12 6.3 +0.6
CWI SPDR MSCI ACWI ex-US ETF 25.1 30 0 6.7 +1.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.8 24 6 6.8 +1.1
EURZ Xtrackers Eurozone Equity ETF 24.6 9 21 6.5 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.3 45 -15 7.9 +2.3
VGFO Virtus WMC Global Factor Opportunities ETF 23.5 49 -19 7.5 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 23.3 40 -10 6.2 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 23.3 8 22 7.0 +1.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.0 20 10 9.9 +4.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.0 29 1 7.3 +1.7
AVDE Avantis International Equity ETF 22.5 23 7 7.0 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 22.5 25 5 8.0 +2.4
ISDX Invesco Strategic Developed ex-US ETF 22.5 23 7 6.7 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.5 29 1 7.5 +1.8
EFV iShares MSCI EAFE Value ETF 22.2 39 -9 8.7 +3.0
IQDF FlexShares International Quality Dividend Index Fund 22.1 47 -17 8.3 +2.7
IXUS ishares Core MSCI Total International Stock ETF 22.0 9 21 6.9 +1.2
JPIN JPMorgan Diversified Return International Equity ETF 21.9 37 -7 7.4 +1.7
VPL Vanguard FTSE Pacific ETF 21.8 8 22 6.8 +1.1
DWMF WisdomTree International Multifactor Fund 21.8 38 -8 6.3 +0.6
RNDM Developed International Equity Select ETF 21.7 65 -35 5.9 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 21.2 20 10 8.6 +3.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.0 47 -17 8.3 +2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 20.9 47 -17 8.7 +3.0
DTH WisdomTree DEFA Equity Income Fund 20.5 58 -28 9.0 +3.4
FIVA Fidelity International Value Factor ETF 20.4 39 -9 9.1 +3.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 20.4 61 -31 4.9 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.3 45 -15 6.3 +0.6
INTF iShares Edge MSCI Multifactor Intl ETF 20.0 30 0 7.6 +1.9
VYMI Vanguard International High Dividend Yield ETF 19.7 27 3 9.4 +3.7
IQIN IQ 500 International ETF 19.1 25 5 7.9 +2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.9 39 -9 7.3 +1.7

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 Intl Quality Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.1 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.