iShares Edge MSCI Intl Value Factor ETF
ALTAR
Score™
13.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.6x P/Sales
ratio
0.5x
P/BV
ratio
0.6x Div.
yield
5.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI International Developed Value Factor ETF tracks an index of large- and midcap developed ex-US equities, selected using fundamental metrics, and weighted by these metrics and market cap.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 16, 2015
Assets (mns) $309
Currency USD
Expense ratio 30 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 333
Wgt avg mkt cap (mns) $42,404
Large cap (>$10bn) 78.2%
Mid cap ($2-10bn) 21.4%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BRITISH AMERICAN TOBACCO PLC 4.2 %
NOVARTIS AG-REG 3.6 %
SANOFI-AVENTIS 3.3 %
TOYOTA MOTOR CORP 2.7 %
BAYER AG 2.2 %
MITSUBISHI UFJ FINANCIAL GRO 1.6 %
MITSUBISHI CORP 1.4 %
HITACHI LTD 1.4 %
ROYAL AHOLD DELHAIZE N.V. 1.3 %
ITOCHU CORP 1.2 %
Total 22.9 %

TOP COUNTRY EXPOSURE
JAPAN 41.2 %
BRITAIN 15.0 %
FRANCE 9.9 %
GERMANY 7.1 %
SWITZERLAND 4.5 %
HONG KONG 3.4 %
NETHERLANDS 2.9 %
ITALY 2.8 %
SPAIN 2.6 %
CANADA 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.
-27.8% -23.2% -- -- -4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.97 77%
MSCI EAFE 1.09 94%
MSCI Emg. Mkts. 0.86 86%

Technical Indicators
Recent close $17.75
30d moving avg. $18.60
Annualized volatility 16.8%
Short interest (ETF) 1.9%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 367
Turnover 2.1%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $18,437

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Edge MSCI Intl Value Factor ETF ETF based on the alternatives' overlap in portfolio holdings with IVLU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVLU Expense: 30 bp ALTAR Score™: 13.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVLU
Ticker Fund
Name
Overlap1
vs IVLU
(%)
Expense
ratio
(bp)
Savings
vs IVLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVLU
(%)
EFV iShares MSCI EAFE Value ETF 50.8 39 -9 12.1 -1.6
IDY Pacific Global International Equity Income ETF 43.9 39 -9 10.6 -3.1
IQIN IQ 500 International ETF 43.6 25 5 10.9 -2.9
FNDF Schwab Fundamental International Large Co. Index ETF 41.7 25 5 10.8 -2.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 39.8 45 -15 11.1 -2.7
EWJ iShares MSCI Japan ETF 36.2 49 -19 9.2 -4.5
QJPN SPDR MSCI Japan StrategicFactors ETF 35.6 14 16 9.8 -3.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 35.6 45 -15 9.3 -4.4
BBJP JPMorgan BetaBuilders Japan ETF 35.6 19 11 9.6 -4.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 35.5 35 -5 10.4 -3.3
FIVA Fidelity International Value Factor ETF 34.8 39 -9 12.7 -1.0
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 34.8 30 0 9.5 -4.2
FLJP Franklin FTSE Japan ETF 34.7 9 21 9.7 -4.0
FLJH Franklin FTSE Japan Hedged ETF 34.4 9 21 9.7 -4.0
DOL WisdomTree International LargeCap Dividend Fund 33.9 48 -18 10.4 -3.4
EWJV iShares MSCI Japan Value ETF 33.4 15 15 13.4 -0.4
JHMD John Hancock Multifactor Developed International ETF 33.1 45 -15 9.1 -4.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 32.8 35 -5 10.6 -3.2
ISDX Invesco Strategic Developed ex-US ETF 32.7 23 7 9.6 -4.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 32.7 9 21 9.7 -4.0
JPXN iShares JPX-Nikkei 400 ETF 32.6 48 -18 9.3 -4.4
DTH WisdomTree DEFA Equity Income Fund 32.3 58 -28 12.0 -1.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 32.1 25 5 9.3 -4.4
DWM WisdomTree International Equity Fund 31.5 48 -18 10.3 -3.4
EFA iShares MSCI EAFE ETF 31.1 32 -2 8.7 -5.0
VYMI Vanguard International High Dividend Yield ETF 29.8 32 -2 11.9 -1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.7 35 -5 8.5 -5.2
IPAC iShares Core MSCI Pacific ETF 29.5 9 21 9.1 -4.6
HFXI IQ 50 Percent Hedged FTSE International ETF 29.2 20 10 9.1 -4.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.9 29 1 10.0 -3.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.8 7 23 9.3 -4.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 27.1 20 10 8.7 -5.0
IEV iShares Europe ETF 26.9 59 -29 8.3 -5.4
IEFA iShares Core MSCI EAFE ETF 26.8 7 23 8.9 -4.8
QEFA SPDR MSCI EAFE Quality Mix ETF 26.6 30 0 7.9 -5.8
ESGD iShares MSCI EAFE ESG Optimized ETF 26.1 20 10 8.8 -5.0
SCHF Schwab International Equity ETF 26.1 6 24 9.0 -4.7
BBEU JPMorgan BetaBuilders Europe ETF 26.1 9 21 8.8 -4.9
VPL Vanguard FTSE Pacific ETF 26.1 8 22 9.6 -4.2
SPDW SPDR Portfolio Developed World ex-US ETF 25.8 4 26 8.9 -4.9
DXJ WisdomTree Japan Hedged Equity Fund 25.7 48 -18 10.6 -3.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 25.7 45 -15 8.1 -5.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.6 25 5 8.3 -5.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 25.5 30 0 8.3 -5.5
DOO WisdomTree International Dividend ex-Financials Fund 25.5 58 -28 10.7 -3.0
IQSI IQ Candriam ESG International Equity ETF 25.4 15 15 8.8 -4.9
FLEE Franklin FTSE Europe ETF 25.4 9 21 8.5 -5.2
IDEV iShares Core MSCI International Developed Markets ETF 25.2 5 25 8.9 -4.8
ISZE iShares Edge MSCI Intl Size Factor ETF 25.0 30 0 8.8 -4.9
FLEH Franklin FTSE Europe Hedged ETF 24.8 9 21 8.5 -5.2
IEUR iShares Core MSCI Europe ETF 24.1 9 21 8.9 -4.9
SCIJ Global X Scientific Beta Japan ETF 24.1 39 -9 8.7 -5.1
EZU iShares MSCI Eurozone ETF 24.1 49 -19 8.5 -5.2
VGK Vanguard FTSE Europe ETF 23.8 8 22 9.0 -4.7
EWJE iShares MSCI Japan Equal Weighted ETF 23.8 15 15 8.9 -4.8
VEA Vanguard FTSE Developed Markets ETF 23.6 5 25 9.2 -4.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.5 39 -9 8.3 -5.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.4 29 1 10.4 -3.4
CWI SPDR MSCI ACWI ex-US ETF 23.1 30 0 9.0 -4.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.9 25 5 8.1 -5.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 22.9 48 -18 0.0 -13.7
EURZ Xtrackers Eurozone Equity ETF 22.7 9 21 8.8 -4.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 22.7 39 -9 11.4 -2.3
FEU SPDR Portfolio Europe ETF 22.5 9 21 8.9 -4.9
PDEV Principal International Multi-Factor Core Index ETF 22.4 25 5 8.2 -5.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.3 45 -15 8.5 -5.3
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 22.3 45 -15 14.3 +0.6
FIDI Fidelity International High Dividend ETF 21.8 39 -9 15.7 +1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 21.8 83 -53 7.8 -6.0
JPMV iShares Edge MSCI Min Vol Japan ETF 21.5 30 0 8.1 -5.6
CIL Victory CEMP International Volatility Weighted Index ETF 21.5 45 -15 8.9 -4.8
ACWX iShares MSCI ACWI ex U.S. ETF 21.1 32 -2 9.1 -4.7
ESGN Columbia Sustainable International Equity Income ETF 20.4 45 -15 13.5 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.3 14 16 8.4 -5.4
RBIN Nationwide Risk-Based International Equity ETF 20.3 42 -12 8.2 -5.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.3 40 -10 8.9 -4.9
VEU Vanguard FTSE All-World ex-US Index Fund 19.9 8 22 9.4 -4.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 19.7 83 -53 8.6 -5.1
JPIN JPMorgan Diversified Return International Equity ETF 19.1 38 -8 9.6 -4.1
JPGE JPMorgan Diversified Return Global Equity ETF 18.7 29 1 8.9 -4.8
TPIF Timothy Plan International ETF 18.7 62 -32 8.5 -5.2
FDT First Trust Developed Markets ex-US Alphadex Fund 18.6 80 -50 10.8 -2.9
OEUR O'shares FTSE Europe Quality Dividend ETF 18.6 48 -18 7.5 -6.2
IGRO iShares International Dividend Growth ETF 18.5 22 8 9.5 -4.2
IXUS ishares Core MSCI Total International Stock ETF 18.2 9 21 9.2 -4.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.2 29 1 14.2 +0.5
VXUS Vanguard Total International Stock Index Fund 18.1 8 22 9.4 -4.3
INTF iShares Edge MSCI Multifactor Intl ETF 18.0 30 0 10.0 -3.8
IDOG ALPS International Sector Dividend Dogs ETF 17.8 50 -20 13.1 -0.6
DWMF WisdomTree International Multifactor Fund 17.5 38 -8 8.0 -5.7
FEZ SPDR EURO STOXX 50 ETF 17.2 29 1 8.8 -4.9
DGT SPDR Global Dow ETF 17.1 50 -20 8.4 -5.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.1 30 0 7.8 -5.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 17.0 24 6 8.9 -4.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 16.8 20 10 12.6 -1.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.4 32 -2 7.4 -6.4
DIM WisdomTree International MidCap Dividend Fund 16.2 58 -28 9.9 -3.9
FJP First Trust Japan AlphaDEX Fund 16.1 80 -50 12.1 -1.6
AVDE Avantis International Equity ETF 16.1 23 7 9.9 -3.8

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 13.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.