iShares S&P 500 Value
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.4x P/Sales
ratio
1.5x
P/BV
ratio
2.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 500 Value Index Fund seeks investment results that correspond to the price and yield performance of U.S. large-cap value stocks as represented by the S&P 500/Citigroup Value Index, based on a multifactor methodology.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 26, 2000
Assets (mns) $17,052
Currency USD
Expense ratio 18 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 383
Wgt avg mkt cap (mns) $226,461
Large cap (>$10bn) 96.2%
Mid cap ($2-10bn) 3.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.1 %
JPMORGAN CHASE & CO 3.4 %
AT&T INC 2.4 %
BANK OF AMERICA CORP 2.3 %
UNITEDHEALTH GROUP INC 2.0 %
CHEVRON CORP 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.9 %
WELLS FARGO & CO 1.8 %
CITIGROUP INC 1.4 %
WAL-MART STORES INC 1.4 %
Total 27.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.7 %
BRITAIN 1.2 %
SWITZERLAND 0.9 %
BERMUDA 0.1 %






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.
23.0% 14.3% 8.5% 12.1% 6.0%

Market Correlations
versus... Beta R-squared
S&P500 1.03 90%
MSCI EAFE 0.89 57%
MSCI Emg. Mkts. 0.58 39%

Technical Indicators
Recent close $125.75
30d moving avg. $121.43
Annualized volatility 13.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.4%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 805
Turnover 0.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $86,640

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IVE Expense: 18 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVE
Ticker Fund
Name
Overlap1
vs IVE
(%)
Expense
ratio
(bp)
Savings
vs IVE
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVE
(%)
SPYV SPDR Portfolio S&P 500 Value 99.4 4 14 7.2 +0.1
VOOV Vanguard S&P 500 Value 99.1 15 3 7.0 +0.0
IUSV iShares Core U.S. Value 92.8 4 14 7.2 +0.2
FNDX Schwab Fundamental Large Cap 66.2 25 -7 6.7 -0.4
PRF Invesco FTSE-RAFI U.S. 1000 65.7 39 -21 6.7 -0.3
VTV Vanguard Value ETF 65.1 4 14 7.3 +0.2
EPS WisdomTree Earnings 500 65.0 8 10 7.0 -0.0
IWD iShares Russell 1000 Value 63.8 19 -1 7.0 +0.0
PBP Invesco S&P 500 Buy/Write 63.8 49 -31 5.6 -1.5
OVLU Invesco Russell 1000 Value Factor ETF 63.8 19 -1 7.9 +0.9
VONV Vanguard Russell 1000 Value 63.7 12 6 7.1 +0.1
HSPX Global X S&P 500 Covered Call 62.6 65 -47 5.4 -1.6
VLU SPDR S&P 1500 Value Tilt 62.6 12 6 7.5 +0.5
DLN WisdomTree Large Cap Dividend 62.5 28 -10 6.5 -0.5
FNDB Schwab Fundamental Broad Mkt 62.5 25 -7 6.6 -0.4
SPY S&P 500 SPDR 62.2 9 9 5.9 -1.1
IVV iShares Core S&P 500 62.2 4 14 6.0 -1.0
VOO Vanguard S&P 500 ETF 62.0 3 15 6.0 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 61.0 20 -2 6.0 -1.1
SPXT ProShares S&P 500 Ex-Technology 60.9 27 -9 6.0 -1.0

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:
iShares S&P 500 Value
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 15.1 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.55
 
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.