iShares Edge MSCI Intl Quality Factor ETF
ALTAR
Score™
7.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
14.8x P/Sales
ratio
1.5x
P/BV
ratio
2.0x Div.
yield
3.9%


  • 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 15, 2015
Assets (mns) $1,057
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 298
Wgt avg mkt cap (mns) $71,361
Large cap (>$10bn) 83.8%
Mid cap ($2-10bn) 15.5%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 4.8 %
NESTLE SA-REG 4.3 %
AIA GROUP LTD 2.7 %
NOVO NORDISK A/S-B 2.5 %
ASML HOLDING NV 2.4 %
LVMH MOET HENNESSY LOUIS VUI 1.9 %
ASTRAZENECA PLC 1.9 %
ALLIANZ SE-REG 1.8 %
CSL LIMITED 1.6 %
TOTAL SA 1.6 %
Total 25.5 %

TOP COUNTRY EXPOSURE
BRITAIN 16.7 %
SWITZERLAND 14.1 %
JAPAN 13.8 %
FRANCE 7.2 %
HONG KONG 6.7 %
CANADA 6.6 %
AUSTRALIA 5.7 %
NETHERLANDS 5.4 %
DENMARK 5.0 %
GERMANY 4.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.0% -9.3% -- -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.85 85%
MSCI EAFE 0.92 97%
MSCI Emg. Mkts. 0.70 82%

Technical Indicators
Recent close $24.92
30d moving avg. $26.79
Annualized volatility 14.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 778
Turnover 1.8%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $19,274

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™: 7.5%


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 High Quality ETF 54.2 29 1 6.7 -0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 52.7 30 0 8.2 +0.7
EFG iShares MSCI EAFE Growth ETF 49.7 40 -10 5.9 -1.6
IEV iShares Europe ETF 44.0 59 -29 8.6 +1.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 43.0 30 0 8.6 +1.0
BBEU JPMorgan BetaBuilders Europe ETF 43.0 9 21 9.1 +1.6
FLEE Franklin FTSE Europe ETF 42.8 9 21 8.8 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 42.6 45 -15 8.4 +0.8
IQSI IQ Candriam ESG International Equity ETF 42.6 15 15 9.2 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 41.8 14 16 8.7 +1.1
FLEH Franklin FTSE Europe Hedged ETF 41.7 9 21 8.8 +1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 40.7 25 5 8.4 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 40.4 20 10 9.1 +1.6
IEUR iShares Core MSCI Europe ETF 39.8 9 21 9.2 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 39.8 20 10 9.1 +1.5
EFA iShares MSCI EAFE ETF 39.6 32 -2 9.0 +1.5
VGK Vanguard FTSE Europe ETF 39.5 8 22 9.3 +1.8
IDMO Invesco S&P International Developed Momentum ETF 38.6 25 5 5.7 -1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 37.9 35 -5 8.8 +1.3
FEU SPDR Portfolio Europe ETF 37.8 9 21 9.2 +1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 37.7 30 0 8.1 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 37.6 25 5 8.6 +1.1
PDEV Principal International Multi-Factor Core Index ETF 37.1 25 5 8.5 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 36.8 20 10 9.5 +1.9
RFEU First Trust Riverfront Dynamic Europe ETF 36.6 83 -53 6.4 -1.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 35.9 48 -18 0.0 -7.5
DOL WisdomTree International LargeCap Dividend Fund 35.4 48 -18 10.8 +3.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 35.4 7 23 9.6 +2.1
VIGI Vanguard International Dividend Appreciation ETF 35.0 25 5 7.2 -0.4
JHMD John Hancock Multifactor Developed International ETF 34.9 45 -15 9.4 +1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 34.8 83 -53 8.1 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 34.8 48 -18 7.7 +0.2
SCHF Schwab International Equity ETF 34.7 6 24 9.4 +1.8
FDEV Fidelity Targeted International Factor ETF 34.4 39 -9 7.8 +0.3
IEFA iShares Core MSCI EAFE ETF 34.2 7 23 9.3 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 33.3 5 25 9.3 +1.7
DWM WisdomTree International Equity Fund 32.7 48 -18 10.7 +3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.2 39 -9 8.6 +1.0
IGRO iShares International Dividend Growth ETF 32.1 22 8 9.9 +2.4
SPDW SPDR Portfolio Developed World ex-US ETF 32.1 4 26 9.2 +1.7
CIL Victory CEMP International Volatility Weighted Index ETF 32.0 45 -15 9.3 +1.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 31.7 58 -28 7.8 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.7 35 -5 11.0 +3.4
IQDG WisdomTree International Quality Dividend Growth Fund 31.1 38 -8 8.0 +0.5
VEA Vanguard FTSE Developed Markets ETF 31.0 5 25 9.5 +2.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 30.5 58 -28 7.8 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 30.0 16 14 8.8 +1.3
EUMV iShares Edge MSCI Min Vol Europe ETF 29.9 25 5 6.4 -1.1
TPIF Timothy Plan International ETF 29.3 62 -32 8.9 +1.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 28.5 20 10 6.7 -0.8
QINT American Century Quality Diversified International ETF 28.2 39 -9 7.6 +0.1
CWI SPDR MSCI ACWI ex-US ETF 27.8 30 0 9.4 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 27.8 32 -2 9.4 +1.9
IDY Pacific Global International Equity Income ETF 27.5 39 -9 11.0 +3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 27.4 45 -15 11.5 +4.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 26.7 40 -10 9.2 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 26.5 30 0 9.2 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 26.5 32 -2 7.6 +0.0
VEU Vanguard FTSE All-World ex-US Index Fund 26.1 8 22 9.7 +2.1
VSGX Vanguard ESG International Stock ETF 26.0 17 13 9.2 +1.6
FNDF Schwab Fundamental International Large Co. Index ETF 25.9 25 5 11.2 +3.7
JPEU JPMorgan Diversified Return Europe Equity ETF 25.6 37 -7 8.8 +1.2
ISDX Invesco Strategic Developed ex-US ETF 25.3 23 7 10.0 +2.5
RBIN Nationwide Risk-Based International Equity ETF 25.0 42 -12 8.4 +0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 24.9 40 -10 8.6 +1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.4 24 6 9.3 +1.7
IXUS ishares Core MSCI Total International Stock ETF 24.4 9 21 9.5 +2.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 24.2 20 10 13.0 +5.4
RNDM Developed International Equity Select ETF 23.9 65 -35 8.2 +0.7
EZU iShares MSCI Eurozone ETF 23.8 49 -19 8.9 +1.4
VXUS Vanguard Total International Stock Index Fund 23.7 8 22 9.7 +2.2
IQIN IQ 500 International ETF 23.7 25 5 11.3 +3.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 23.4 45 -15 8.8 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.2 29 1 10.8 +3.2
IPAC iShares Core MSCI Pacific ETF 23.2 9 21 9.5 +2.0
EFV iShares MSCI EAFE Value ETF 22.9 39 -9 12.7 +5.1
EURZ Xtrackers Eurozone Equity ETF 22.7 9 21 9.2 +1.7
VYMI Vanguard International High Dividend Yield ETF 22.4 32 -2 12.4 +4.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 22.1 39 -9 11.9 +4.3
FIVA Fidelity International Value Factor ETF 21.7 39 -9 13.3 +5.7
SCID Global X Scientific Beta Europe ETF 21.7 38 -8 9.0 +1.4
DTH WisdomTree DEFA Equity Income Fund 21.6 58 -28 12.5 +5.0
JPIN JPMorgan Diversified Return International Equity ETF 21.2 38 -8 9.9 +2.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.1 47 -17 15.5 +8.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 20.7 61 -31 6.5 -1.0
VPL Vanguard FTSE Pacific ETF 20.6 8 22 9.9 +2.4
DNL WisdomTree Global ex-US Dividend Growth Fund 20.5 58 -28 9.5 +2.0
DWMF WisdomTree International Multifactor Fund 20.1 38 -8 8.3 +0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.0 20 10 11.3 +3.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.9 29 1 10.4 +2.8
PIZ Invesco DWA Developed Markets Momentum ETF 19.9 80 -50 5.4 -2.1
AVDE Avantis International Equity ETF 19.5 23 7 10.3 +2.8
IDLV Invesco S&P International Developed Low Volatility ETF 19.0 25 5 8.0 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 18.6 30 0 7.5 0.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.4 47 -17 17.4 +9.8
IQDF FlexShares International Quality Dividend Index Fund 17.8 47 -17 16.2 +8.6
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 17.6 45 -15 9.3 +1.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 17.4 29 1 14.7 +7.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 17.4 50 -20 8.2 +0.6

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 15.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 30 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
1.57
 
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.