iShares Russell Midcap Value
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.8x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Midcap Value Index Fund seeks investment results that correspond generally to the price and yield performance of the Russell MidcapValue Index. The Fund uses a Representative s

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 24, 2001
Assets (mns) $11,517
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 634
Wgt avg mkt cap (mns) $14,720
Large cap (>$10bn) 61.8%
Mid cap ($2-10bn) 37.7%
Small cap (<$2bn) 0.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
SEMPRA ENERGY 0.8 %
WELLTOWER, INC. 0.7 %
EQUITY RESIDENTIAL 0.7 %
XCEL ENERGY INC 0.7 %
SUNTRUST BANKS INC 0.7 %
NEWMONT MINING CORP 0.6 %
PUBLIC SERVICE ENTERPRISE GP 0.6 %
ZIMMER HOLDINGS INC 0.6 %
AVALONBAY COMMUNITIES INC 0.6 %
CONSOLIDATED EDISON INC 0.6 %
Total 6.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BRITAIN 1.4 %
BERMUDA 1.2 %
IRELAND 0.9 %
SWITZERLAND 0.4 %
NETHERLANDS 0.2 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
PANAMA 0.1 %
CHINA 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.
19.9% 10.0% 6.7% 12.7% 10.7%

Market Correlations
versus... Beta R-squared
S&P500 1.02 87%
MSCI EAFE 0.88 54%
MSCI Emg. Mkts. 0.56 36%

Technical Indicators
Recent close $92.17
30d moving avg. $90.48
Annualized volatility 13.2%
Short interest (ETF) 1.1%
Short interest (Underlying) 4.2%
Relative strength (RSI) 82

Liquidity measures
Avg. volume (thou.) 873
Turnover 0.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $43,916

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IWS Expense: 24 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWS
Ticker Fund
Name
Overlap1
vs IWS
(%)
Expense
ratio
(bp)
Savings
vs IWS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWS
(%)
IWR iShares Russell Midcap 65.8 19 5 5.9 -1.1
OSIZ Invesco Russell 1000 Size Factor ETF 58.4 19 5 6.3 -0.7
JHMM John Hancock Multifactor Mid Cap 57.2 44 -20 5.9 -1.1
VO Vanguard Mid-Cap ETF 51.8 4 20 5.8 -1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 48.6 24 0 6.1 -0.9
USEQ Invesco Russell 1000 Enhanced Equal Weight 47.9 29 -5 6.7 -0.4
EQAL Invesco Russel 1000 Equal Weight 46.6 20 4 6.0 -1.0
ONEV SPDR Russell 1000 Low Volatility Focus 46.5 20 4 7.0 -0.1
SIZE iShares MSCI USA Size Factor 44.7 15 9 6.3 -0.7
EUSA iShares MSCI USA Equal Weight 44.4 15 9 6.5 -0.5
ONEO SPDR Russell 1000 Momentum Focus 44.1 20 4 6.4 -0.6
DEUS Xtrackers Russell 1000 Comprehensive Factor 43.5 17 7 6.3 -0.7
RSP Invesco S&P 500 Equal Weight 42.3 20 4 6.8 -0.2
VOE Vanguard Mid-Cap Value 41.8 7 17 7.6 +0.6
RVRS Reverse Cap Weighted US Large Cap 40.5 29 -5 7.9 +0.9
SCHM Schwab US Mid Cap 40.5 4 20 6.3 -0.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 40.2 29 -5 9.6 +2.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 39.8 9 15 6.4 -0.6
JKI iShares Morningstar Mid Cap Value 37.2 30 -6 8.7 +1.6
ONEY SPDR Russell 1000 Yield Focus 37.0 20 4 8.3 +1.3

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 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 12.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.