iShares Edge MSCI Intl Quality Factor ETF
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
1.9x
P/BV
ratio
2.5x Div.
yield
2.8%


  • 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) $1,903
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 296
Wgt avg mkt cap (mns) $79,223
Large cap (>$10bn) 89.1%
Mid cap ($2-10bn) 9.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 4.1 %
NESTLE SA-REG 3.3 %
ASML HOLDING NV 2.9 %
NOVO NORDISK A/S-B 2.7 %
AIA GROUP LTD 2.2 %
RIO TINTO PLC 2.0 %
LVMH MOET HENNESSY LOUIS VUI 2.0 %
TOTAL SA 2.0 %
CSL LIMITED 1.7 %
ALLIANZ SE-REG 1.6 %
Total 24.5 %

TOP COUNTRY EXPOSURE
JAPAN 14.7 %
BRITAIN 14.3 %
SWITZERLAND 12.5 %
FRANCE 7.5 %
AUSTRALIA 7.0 %
HONG KONG 6.1 %
NETHERLANDS 5.7 %
CANADA 5.6 %
DENMARK 4.9 %
SWEDEN 4.0 %

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.
-0.7% 11.2% 7.4% -- 5.7%

Market Correlations
versus... Beta R-squared
S&P500 0.77 84%
MSCI EAFE 0.91 97%
MSCI Emg. Mkts. 0.65 78%

Technical Indicators
Recent close $31.20
30d moving avg. $31.66
Annualized volatility 14.8%
Short interest (ETF) 1.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 567
Turnover 0.9%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $8,984

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.1%


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 52.0 29 1 5.1 -1.0
EFG iShares MSCI EAFE Growth ETF 49.4 40 -10 4.5 -1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 49.0 30 0 6.9 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 41.8 14 16 7.0 +0.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 41.6 30 0 0.0 -6.1
IQSI IQ Candriam ESG International Equity ETF 41.1 15 15 7.4 +1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 40.4 20 10 7.0 +1.0
IEV iShares Europe ETF 40.2 59 -29 7.0 +0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 39.8 30 0 4.4 -1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 39.6 20 10 7.1 +1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 39.5 45 -15 6.7 +0.6
BBEU JPMorgan BetaBuilders Europe ETF 39.4 9 21 7.5 +1.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 39.2 30 0 0.0 -6.1
FLEE Franklin FTSE Europe ETF 38.8 9 21 7.1 +1.1
EFA iShares MSCI EAFE ETF 38.2 32 -2 7.1 +1.1
FLEH Franklin FTSE Europe Hedged ETF 38.1 9 21 7.2 +1.1
IDMO Invesco S&P International Developed Momentum ETF 37.6 26 4 4.6 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 37.5 35 -5 6.9 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 37.4 20 10 7.4 +1.3
BKIE BNY Mellon International Equity ETF 37.2 4 26 7.5 +1.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 37.1 25 5 6.8 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 36.9 25 5 6.5 +0.4
IEUR iShares Core MSCI Europe ETF 36.5 9 21 7.3 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 35.6 20 10 7.5 +1.5
JHMD John Hancock Multifactor Developed International ETF 35.5 39 -9 7.5 +1.4
VGK Vanguard FTSE Europe ETF 35.5 8 22 7.6 +1.5
FEU SPDR Portfolio Europe ETF 35.1 9 21 7.4 +1.4
DOL WisdomTree International LargeCap Dividend Fund 35.0 48 -18 8.8 +2.8
VIGI Vanguard International Dividend Appreciation ETF 34.2 20 10 5.6 -0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.8 7 23 7.7 +1.6
SCHF Schwab International Equity ETF 33.0 6 24 7.4 +1.4
CIL VictoryShares International Volatility Weighted Index ETF 32.9 45 -15 6.8 +0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 32.8 45 -15 6.7 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.7 39 -9 6.6 +0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 32.6 83 -53 5.8 -0.3
IEFA iShares Core MSCI EAFE ETF 32.6 7 23 7.4 +1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 32.3 35 -5 7.0 +0.9
DWM WisdomTree International Equity Fund 32.1 48 -18 8.5 +2.4
PDEV Principal International Multi-Factor Core Index ETF 32.0 25 5 7.8 +1.7
FDEV Fidelity Targeted International Factor ETF 32.0 39 -9 6.5 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.7 35 -5 8.7 +2.7
IQDG WisdomTree International Quality Dividend Growth Fund 31.6 42 -12 6.3 +0.2
OEUR O'shares FTSE Europe Quality Dividend ETF 31.5 48 -18 6.8 +0.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 31.5 58 -28 6.0 -0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 31.4 58 -28 6.1 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 30.7 5 25 7.3 +1.2
TPIF Timothy Plan International ETF 30.3 62 -32 6.3 +0.3
RFEU First Trust Riverfront Dynamic Europe ETF 30.2 83 -53 5.9 -0.2
SPDW SPDR Portfolio Developed World ex-US ETF 29.6 4 26 7.2 +1.1
VEA Vanguard FTSE Developed Markets ETF 29.3 5 25 7.5 +1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.7 16 14 7.0 +0.9
QINT American Century Quality Diversified International ETF 28.3 39 -9 6.2 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 27.9 32 -2 6.1 0.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 27.7 20 10 5.5 -0.5
IGRO iShares International Dividend Growth ETF 27.4 22 8 8.2 +2.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 27.1 24 6 7.3 +1.2
VSGX Vanguard ESG International Stock ETF 26.9 17 13 7.3 +1.2
ISZE iShares Edge MSCI Intl Size Factor ETF 26.4 30 0 7.3 +1.2
RBIN Nationwide Risk-Based International Equity ETF 26.3 42 -12 6.2 +0.1
ACWX iShares MSCI ACWI ex U.S. ETF 26.0 32 -2 7.4 +1.3
IDY Pacific Global International Equity Income ETF 26.0 39 -9 8.1 +2.1
CWI SPDR MSCI ACWI ex-US ETF 26.0 30 0 7.3 +1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 25.7 40 -10 7.1 +1.0
IPAC iShares Core MSCI Pacific ETF 25.3 9 21 7.3 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.3 45 -15 9.1 +3.1
RNDM Developed International Equity Select ETF 24.9 65 -35 6.4 +0.3
EZU iShares MSCI Eurozone ETF 24.6 49 -19 6.7 +0.7
VEU Vanguard FTSE All-World ex-US Index Fund 24.2 8 22 7.7 +1.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 24.1 29 1 7.7 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 24.0 45 -15 6.8 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 23.7 25 5 9.0 +2.9
NUDM Nuveen ESG International Developed Markets Equity ETF 23.6 40 -10 6.8 +0.8
VGFO Virtus WMC Global Factor Opportunities ETF 23.5 49 -19 8.3 +2.2
ISDX Invesco Strategic Developed ex-US ETF 23.4 23 7 7.5 +1.5
EURZ Xtrackers Eurozone Equity ETF 23.3 9 21 7.2 +1.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 23.2 61 -31 5.0 -1.1
PIZ Invesco DWA Developed Markets Momentum ETF 22.9 81 -51 4.6 -1.4
IQDF FlexShares International Quality Dividend Index Fund 22.9 47 -17 9.3 +3.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.8 29 1 7.8 +1.7
EFV iShares MSCI EAFE Value ETF 22.5 39 -9 9.9 +3.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 22.4 20 10 11.8 +5.7
VPL Vanguard FTSE Pacific ETF 22.2 8 22 7.6 +1.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 22.2 58 -28 7.9 +1.9
DWMF WisdomTree International Multifactor Fund 22.2 38 -8 6.3 +0.2
IXUS ishares Core MSCI Total International Stock ETF 22.2 9 21 7.5 +1.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 22.1 47 -17 9.5 +3.4
SCID Global X Scientific Beta Europe ETF 22.1 39 -9 6.3 +0.2
VXUS Vanguard Total International Stock Index Fund 21.3 8 22 7.7 +1.6
JPIN JPMorgan Diversified Return International Equity ETF 21.0 37 -7 8.0 +1.9
AVDE Avantis International Equity ETF 20.9 23 7 7.7 +1.7
FIVA Fidelity International Value Factor ETF 20.8 39 -9 10.1 +4.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.7 20 10 10.0 +3.9
INTF iShares Edge MSCI Multifactor Intl ETF 20.7 30 0 8.0 +1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.4 39 -9 8.5 +2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 20.2 47 -17 9.5 +3.4
VYMI Vanguard International High Dividend Yield ETF 19.6 27 3 10.6 +4.5
IQIN IQ 500 International ETF 19.4 25 5 8.8 +2.8
DTH WisdomTree DEFA Equity Income Fund 19.1 58 -28 10.1 +4.1
QWLD SPDR MSCI World StrategicFactors ETF 19.0 30 0 6.5 +0.4

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 15.0 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.