iShares Edge MSCI Multifactor Intl Small-Cap ETF
ALTAR
Score™
10.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.1x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares FactorSelect MSCI Intl Small-Cap ETF tracks an index of international small-cap firms. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and small size) while maintaining similar characteristics of the MSCI World ex USA Small Cap Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 28, 2015
Assets (mns) $94
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 680
Wgt avg mkt cap (mns) $1,435
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.8%
Small cap (<$2bn) 67.2%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
EURONEXT NV 1.0 %
NORTHERN STAR RESOURCES LTD 1.0 %
TATE & LYLE PLC 1.0 %
HOWDEN JOINERY GROUP PLC 1.0 %
TECAN GROUP AG-REG 0.9 %
ASR NEDERLAND NV 0.9 %
WAREHOUSES DE PAUW SCA 0.9 %
BELIMO HOLDING AG-REG 0.8 %
TAIYO YUDEN CO LTD 0.8 %
SOFINA 0.8 %
Total 9.1 %

TOP COUNTRY EXPOSURE
JAPAN 21.3 %
BRITAIN 16.6 %
AUSTRALIA 8.9 %
CANADA 5.9 %
SWITZERLAND 5.3 %
NETHERLANDS 3.7 %
BELGIUM 3.7 %
HONG KONG 3.7 %
FRANCE 2.3 %
GERMANY 2.2 %

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.
-27.9% -17.8% -- -- 0.6%

Market Correlations
versus... Beta R-squared
S&P500 1.03 82%
MSCI EAFE 1.12 94%
MSCI Emg. Mkts. 0.87 83%

Technical Indicators
Recent close $21.96
30d moving avg. $24.91
Annualized volatility 17.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 112
Turnover 2.6%
Bid/Ask (% of price) 0.52%
ADV underlying (mns) $2,840

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Edge MSCI Multifactor Intl Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with ISCF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ISCF Expense: 40 bp ALTAR Score™: 10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ISCF
Ticker Fund
Name
Overlap1
vs ISCF
(%)
Expense
ratio
(bp)
Savings
vs ISCF
(bp)
ALTAR
Score™
(%)
ALTAR
vs ISCF
(%)
AVDV Avantis International Small Cap Value ETF 18.6 36 4 12.1 +1.4
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 18.3 43 -3 11.8 +1.0
GWX SPDR S&P International Small Cap ETF 17.6 40 0 8.2 -2.6
SCHC Schwab International Small-Cap Equity ETF 17.4 12 28 9.6 -1.2
DLS WisdomTree International SmallCap Dividend Fund 17.3 58 -18 11.9 +1.1
ISDS Invesco Strategic Developed ex-US Small Company ETF 17.0 35 5 7.8 -3.0
EWUS iShares MSCI United Kingdom Small Cap ETF 17.0 59 -19 11.3 +0.5
IEUS iShares MSCI Europe Small-Cap ETF 16.8 40 0 9.3 -1.5
SCZ iShares MSCI Eafe Small-Cap ETF 16.6 40 0 8.8 -2.0
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 16.1 80 -40 15.0 +4.2
FNDC Schwab Fundamental International Small Co. Index ETF 15.1 39 1 9.6 -1.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 14.1 49 -9 9.4 -1.4
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 14.0 58 -18 10.6 -0.1
DFJ WisdomTree Japan SmallCap Dividend Fund 13.9 58 -18 10.7 -0.1
DFE WisdomTree Europe SmallCap Dividend Fund 13.6 58 -18 12.9 +2.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 13.1 11 29 9.4 -1.4
SCJ iShares MSCI Japan Small-Cap ETF 13.0 47 -7 8.2 -2.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 10.8 58 -18 10.6 -0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.6 39 1 11.9 +1.1
DDEZ WisdomTree Europe Multifactor Fund 8.0 43 -3 8.6 -2.2
SMEZ SPDR EURO STOXX Small Cap ETF 6.3 45 -5 7.2 -3.6
WPS iShares International Developed Property ETF 5.9 48 -8 9.2 -1.6
DRW WisdomTree Global ex-US Real Estate Fund 5.7 58 -18 12.1 +1.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 5.4 10 30 10.8 +0.0
IFGL iShares International Developed Real Estate ETF 5.2 48 -8 9.0 -1.7
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 5.0 43 -3 11.1 +0.3
FDT First Trust Developed Markets ex-US Alphadex Fund 4.6 80 -40 11.5 +0.8
FYLD Cambria Foreign Shareholder Yield ETF 4.6 59 -19 12.9 +2.1
VNQI Vanguard Global ex-US Real Estate Index Fund 4.5 12 28 11.7 +0.9
AVDE Avantis International Equity ETF 4.3 23 17 10.4 -0.4
FEP First Trust Europe AlphaDEX Fund 4.3 80 -40 11.2 +0.4
GDXJ VanEck Vectors Junior Gold Miners ETF 4.1 53 -13 4.8 -5.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.0 39 1 8.4 -2.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.9 29 11 10.9 +0.1
GDX VanEck Vectors Gold Miners ETF 3.8 52 -12 4.3 -6.5
EWK iShares MSCI Belgium Capped ETF 3.7 49 -9 8.0 -2.8
SCID Global X Scientific Beta Europe ETF 3.7 38 2 8.9 -1.8
IFEU iShares Europe Development Real Estate ETF 3.7 48 -8 8.3 -2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 3.5 83 -43 8.1 -2.7
RWX SPDR Dow Jones International Real Estate ETF 3.5 59 -19 8.2 -2.6
RFEU First Trust Riverfront Dynamic Europe ETF 3.3 83 -43 6.4 -4.4
FEUZ First Trust Eurozone AlphaDEX ETF 3.3 80 -40 10.2 -0.6
GQRE FlexShares Global Quality Real Estate Index Fund 3.2 45 -5 9.2 -1.6
VIDI Vident International Equity Fund 3.0 59 -19 15.3 +4.5
FKU First Trust United Kingdom AlphaDEX Fund 2.9 80 -40 13.2 +2.4
REET iShares Global REIT ETF 2.9 14 26 9.1 -1.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.8 80 -40 12.0 +1.3
EWGS iShares MSCI Germany Small Cap ETF 2.8 59 -19 7.1 -3.7
DNL WisdomTree Global ex-US Dividend Growth Fund 2.8 58 -18 9.7 -1.1
GOEX Global X Gold Explorers ETF 2.7 65 -25 5.1 -5.6
SGDJ ALPS Sprott Junior Gold Miners ETF 2.7 50 -10 4.3 -6.4
IPAC iShares Core MSCI Pacific ETF 2.7 9 31 9.5 -1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 2.6 24 16 9.3 -1.5
IDV iShares International Select Dividend ETF 2.6 49 -9 15.2 +4.4
JPIN JPMorgan Diversified Return International Equity ETF 2.5 38 2 10.0 -0.8
EWN iShares MSCI Netherlands ETF 2.5 50 -10 6.9 -3.8
RNDM Developed International Equity Select ETF 2.5 65 -25 8.2 -2.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 2.4 60 -20 8.9 -1.9
VPL Vanguard FTSE Pacific ETF 2.4 8 32 10.0 -0.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 2.3 45 -5 8.8 -1.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 2.3 58 -18 7.9 -2.9
IEFA iShares Core MSCI EAFE ETF 2.2 7 33 9.4 -1.4
DIM WisdomTree International MidCap Dividend Fund 2.2 58 -18 10.4 -0.4
DXJ WisdomTree Japan Hedged Equity Fund 2.2 48 -8 11.0 +0.2
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 2.1 58 -18 7.8 -3.0
IQDG WisdomTree International Quality Dividend Growth Fund 2.1 38 2 8.0 -2.8
FLAU Franklin FTSE Australia ETF 2.1 9 31 8.5 -2.3
FDEV Fidelity Targeted International Factor ETF 2.0 39 1 7.9 -2.9
FLHK Franklin FTSE Hong Kong ETF 2.0 9 31 9.8 -1.0
VEA Vanguard FTSE Developed Markets ETF 2.0 5 35 9.7 -1.1
IPKW Invesco International BuyBack Achievers ETF 1.9 55 -15 12.4 +1.6
IEUR iShares Core MSCI Europe ETF 1.9 9 31 9.3 -1.5
DWM WisdomTree International Equity Fund 1.9 48 -8 10.8 0.0
VGK Vanguard FTSE Europe ETF 1.9 8 32 9.5 -1.3
FHK First Trust Hong Kong AlphaDEX Fund 1.9 80 -40 11.9 +1.1
PDEV Principal International Multi-Factor Core Index ETF 1.9 25 15 8.6 -2.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 1.8 68 -28 1.0 -9.7
IDEV iShares Core MSCI International Developed Markets ETF 1.8 5 35 9.4 -1.4
IMOM Alpha Architect International Quantitative Momentum ETF 1.8 59 -19 5.8 -4.9
FEU SPDR Portfolio Europe ETF 1.7 9 31 9.3 -1.5
RING iShares MSCI Global Gold Miners ETF 1.7 39 1 5.0 -5.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.7 58 -18 13.8 +3.0
IXUS ishares Core MSCI Total International Stock ETF 1.7 9 31 9.7 -1.1
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 1.7 60 -20 4.5 -6.3
PBD Invesco Global Clean Energy ETF 1.7 75 -35 0.8 -9.9
JPEU JPMorgan Diversified Return Europe Equity ETF 1.7 37 3 8.8 -2.0
RWO SPDR Dow Jones Global Real Estate ETF 1.6 50 -10 8.7 -2.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.6 61 -21 6.8 -4.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 1.6 45 -5 8.9 -1.8
WDIV SPDR Global Dividend ETF 1.6 40 0 12.8 +2.0
FID First Trust S&P International Dividend Aristocrats ETF 1.6 60 -20 11.8 +1.0
QINT American Century Quality Diversified International ETF 1.6 39 1 7.7 -3.1
DTH WisdomTree DEFA Equity Income Fund 1.6 58 -18 12.6 +1.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.6 70 -30 4.4 -6.4
VXUS Vanguard Total International Stock Index Fund 1.5 8 32 9.8 -1.0
SCIX Global X Scientific Beta Asia ex-Japan ETF 1.5 38 2 8.2 -2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.4 29 11 15.0 +4.2
GRES IQ Global Resources ETF 1.4 77 -37 9.4 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 4 36 9.3 -1.5
JPGE JPMorgan Diversified Return Global Equity ETF 1.4 29 11 9.4 -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 Edge MSCI Multifactor Intl Small-Cap ETF
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 9.7 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.58
 
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.