iShares Russell Midcap Growth
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
26.4x P/Sales
ratio
2.3x
P/BV
ratio
6.0x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Midcap Growth Index Fund is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses of the Russell Midcap Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Aug 01, 2001
Assets (mns) $10,881
Currency USD
Expense ratio 24 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 403
Wgt avg mkt cap (mns) $18,018
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 27.6%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FISERV INC 2.1 %
GLOBAL PAYMENTS INC 1.7 %
DOLLAR GENERAL CORP 1.3 %
ADVANCED MICRO DEVICES 1.2 %
LAM RESEARCH CORP 1.1 %
O'REILLY AUTOMOTIVE INC 1.1 %
AMPHENOL CORP-CL A 1.0 %
INGERSOLL-RAND PLC 1.0 %
AUTOZONE INC 0.9 %
HILTON WORLDWIDE HOLDINGS, INC. 0.9 %
Total 12.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
IRELAND 1.5 %
BRITAIN 1.2 %
BERMUDA 0.6 %
LUXEMBOURG 0.6 %
CHINA 0.4 %
CANADA 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.
27.2% 18.6% 10.7% 14.5% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.09 89%
MSCI EAFE 0.91 53%
MSCI Emg. Mkts. 0.63 42%

Technical Indicators
Recent close $145.56
30d moving avg. $142.50
Annualized volatility 14.0%
Short interest (ETF) 2.2%
Short interest (Underlying) 5.3%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 243
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $41,000

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell Midcap Growth ETF based on the alternatives' overlap in portfolio holdings with IWP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWP Expense: 24 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWP
Ticker Fund
Name
Overlap1
vs IWP
(%)
Expense
ratio
(bp)
Savings
vs IWP
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWP
(%)
JKH iShares Morningstar Mid Cap Growth 53.2 30 -6 2.8 -1.8
VOT Vanguard Mid-Cap Growth 48.5 7 17 4.1 -0.5
IWR iShares Russell Midcap 47.6 19 5 6.0 +1.4
VO Vanguard Mid-Cap ETF 45.2 4 20 5.8 +1.2
JHMM John Hancock Multifactor Mid Cap 43.6 44 -20 6.0 +1.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity 37.1 30 -6 6.9 +2.2
OSIZ Invesco Russell 1000 Size Factor ETF 36.7 19 5 6.4 +1.7
ONEO SPDR Russell 1000 Momentum Focus 36.5 20 4 6.5 +1.9
TPLC Timothy Plan US Large Cap Core 35.2 52 -28 5.6 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 35.0 24 0 6.1 +1.5
FTC First Trust Large Cap Growth 34.9 61 -37 3.7 -0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor 34.6 17 7 6.4 +1.8
SCHM Schwab US Mid Cap 33.0 4 20 6.4 +1.8
CFO Victory CEMP US 500 Enhanced Volatility Wtd 32.9 35 -11 6.1 +1.5
CFA Compass EMP US 500 Volatility Weighted 32.8 35 -11 6.1 +1.5
FAD First Trust Multi Cap Growth 32.6 69 -45 3.5 -1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.4 75 -51 4.7 +0.1
SIZE iShares MSCI USA Size Factor 30.3 15 9 6.4 +1.7
SFYX SoFi Next 500 29.6 0 24 5.8 +1.2
JMOM JPMorgan U.S. Momentum Factor 29.3 12 12 4.4 -0.3

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

  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 Russell Midcap Growth
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 24.5 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.