iShares Russell Top 200 Value
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.5x P/Sales
ratio
1.8x
P/BV
ratio
2.1x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Top 200 Value Index Fund seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Sep 25, 2009
Assets (mns) $504
Currency USD
Expense ratio 20 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 134
Wgt avg mkt cap (mns) $190,443
Large cap (>$10bn) 99.9%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 4.6 %
JPMORGAN CHASE & CO 4.4 %
JOHNSON & JOHNSON 3.3 %
EXXON MOBIL CORP 3.1 %
PROCTER & GAMBLE CO/THE 3.0 %
BANK OF AMERICA CORP 3.0 %
AT&T INC 2.9 %
WALT DISNEY CO/THE 2.8 %
INTEL CORP 2.7 %
VERIZON COMMUNICATIONS INC 2.6 %
Total 32.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
IRELAND 3.0 %
BRITAIN 1.5 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.9% 11.6% 8.0% 11.1% 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.92 91%
MSCI EAFE 0.83 62%
MSCI Emg. Mkts. 0.57 47%

Technical Indicators
Recent close $57.30
30d moving avg. $56.85
Annualized volatility 11.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $54,512

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell Top 200 Value ETF based on the alternatives' overlap in portfolio holdings with IWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWX Expense: 20 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWX
Ticker Fund
Name
Overlap1
vs IWX
(%)
Expense
ratio
(bp)
Savings
vs IWX
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWX
(%)
MGV Vanguard Mega Cap 300 Value 73.5 7 13 7.1 +0.1
VONV Vanguard Russell 1000 Value 66.2 12 8 7.0 +0.1
IWD iShares Russell 1000 Value 66.2 19 1 7.0 +0.0
VTV Vanguard Value ETF 63.8 4 16 7.2 +0.2
VYM Vanguard High Dividend Yield ETF 59.3 6 14 7.2 +0.3
OYLD Invesco Russell 1000 Yield Factor ETF 59.1 19 1 7.1 +0.1
JKF iShares Morningstar Large Value 56.9 25 -5 7.7 +0.8
SCHV Schwab U.S. Large-Cap Value 56.6 4 16 7.0 +0.0
DLN WisdomTree Large Cap Dividend 54.2 28 -8 6.5 -0.4
SPYV SPDR Portfolio S&P 500 Value 54.1 4 16 7.1 +0.2
IVE iShares S&P 500 Value 54.0 18 2 7.0 +0.0
VOOV Vanguard S&P 500 Value 54.0 15 5 7.0 +0.1
IWL iShares Russell Top 200 51.3 15 5 5.7 -1.3
IUSV iShares Core U.S. Value 50.6 4 16 7.1 +0.2
SPXT ProShares S&P 500 Ex-Technology 50.1 27 -7 6.0 -1.0
PRF Invesco FTSE-RAFI U.S. 1000 49.4 39 -19 6.5 -0.4
FNDX Schwab Fundamental Large Cap 48.9 25 -5 5.9 -1.0
OEF iShares S&P 100 48.8 20 0 5.5 -1.5
EQWL Invesco Fundamental Pure Large Core 48.5 25 -5 6.3 -0.6
MGC Vanguard Mega Cap 300 ETF 48.1 7 13 5.8 -1.1

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 Russell Top 200 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 14.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.56
 
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.