iShares Global Tech ETF
ALTAR
Score™		 4.8% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 24.6x P/Sales
ratio		 4.0x
P/BV
ratio		 4.8x Div.
yield		 1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Technology Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Information Technology Sector Index. These include companies that

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 16, 2001
Assets (mns) $3,574
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

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 119
Wgt avg mkt cap (mns) $579,235
Large cap (>$10bn) 98.7%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 93.6%
Emerging mkts 6.4%

TOP TEN HOLDINGS
MICROSOFT CORP 17.0 %
APPLE INC 16.1 %
VISA INC-CLASS A SHARES 4.1 %
INTEL CORP 3.3 %
MASTERCARD INC-CLASS A 3.2 %
NVIDIA CORP 2.6 %
SAMSUNG ELECTRONICS CO LTD 2.6 %
CISCO SYSTEMS INC 2.5 %
ADOBE SYSTEMS INC 2.3 %
TAIWAN SEMICONDUCTOR MANUFAC 2.2 %
Total 55.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 78.5 %
JAPAN 3.8 %
SOUTH KOREA 3.3 %
TAIWAN 3.0 %
GERMANY 2.1 %
NETHERLANDS 2.1 %
IRELAND 1.7 %
CANADA 1.6 %
SWITZERLAND 0.8 %
FRANCE 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.9% 34.9% 18.3% 16.5% 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.01 85%
MSCI EAFE 0.98 69%
MSCI Emg. Mkts. 0.73 58%

Technical Indicators
Recent close $223.39
30d moving avg. $208.93
Annualized volatility 18.5%
Short interest (ETF) 1.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 95
Turnover 0.6%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $66,115

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Global Tech ETF ETF based on the alternatives' overlap in portfolio holdings with IXN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IXN Expense: 46 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXN
Ticker Fund
Name		 Overlap1
vs IXN
(%)		 Expense
ratio
(bp)		 Savings
vs IXN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IXN
(%)
XLK Technology Select Sector SPDR Fund 80.6 13 33 5.0 +0.2
VGT Vanguard Information Technology Index Fund 80.6 10 36 4.8 -0.0
FTEC Fidelity MSCI Information Technology Index ETF 80.6 8 38 4.9 +0.0
IYW iShares U.S. Technology ETF 63.8 42 4 4.3 -0.5
IETC iShares Evolved U.S. Technology ETF 60.6 18 28 4.1 -0.7
IGM iShares North American Tech ETF 59.9 46 0 4.0 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 48.4 60 -14 3.7 -1.1
NUSI Nationwide Risk-Managed Income ETF 46.5 68 -22 3.7 -1.2
QQQ Invesco QQQ Trust 45.2 20 26 4.1 -0.7
JHMT John Hancock Multifactor Technology ETF 43.3 40 6 5.1 +0.3
VEGN US Vegan Climate ETF 42.0 60 -14 5.3 +0.5
MGK Vanguard Mega Cap Growth ETF 41.6 7 39 4.3 -0.5
IWY iShares Russell Top 200 Growth ETF 40.7 20 26 4.3 -0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 39.6 40 6 7.4 +2.5
TECB iShares US Tech Breakthrough Multisector ETF 39.1 40 6 4.1 -0.8
VOOG Vanguard S&P 500 Growth ETF 39.0 10 36 4.4 -0.4
SPMO Invesco S&P 500 Momentum ETF 39.0 13 33 4.5 -0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 38.8 4 42 4.5 -0.4
IVW iShares S&P 500 Growth ETF 38.8 18 28 4.3 -0.5
VUG Vanguard Growth Index Fund 37.8 4 42 4.2 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 37.1 49 -3 4.2 -0.7
TMFC Motley Fool 100 Index ETF 36.8 50 -4 4.0 -0.9
IUSG iShares Core S&P US Growth ETF 36.6 4 42 4.5 -0.4
IWF iShares Russell 1000 Growth ETF 36.5 19 27 4.3 -0.5
VONG Vanguard Russell 1000 Growth Index Fund 36.5 8 38 4.4 -0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 36.2 21 25 3.2 -1.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 36.1 50 -4 5.8 +1.0
XLG Invesco S&P 500 Top 50 ETF 35.4 20 26 4.7 -0.2
HLAL Wahed FTSE USA Shariah ETF 35.3 50 -4 4.7 -0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.5 60 -14 4.5 -0.3
SCHG Schwab U.S. Large-Cap Growth ETF 33.9 4 42 4.3 -0.5
IQSU IQ Candriam ESG US Equity ETF 32.9 9 37 5.3 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.6 12 34 5.1 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 31.8 29 17 4.3 -0.5
KOIN Innovation Shares NextGen Protocol ETF 31.4 95 -49 4.4 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 30.9 27 19 5.2 +0.4
SYG SPDR MFS Systematic Growth Equity ETF 30.7 60 -14 4.6 -0.2
OEF iShares S&P 100 ETF 30.4 20 26 5.0 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 30.1 27 19 5.1 +0.3
DSI iShares MSCI KLD 400 Social ETF 29.9 25 21 5.3 +0.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 29.5 45 1 4.8 -0.1
XNTK SPDR Morgan Stanley Technology ETF 29.2 35 11 4.0 -0.8
PBP Invesco S&P 500 BuyWrite ETF 28.4 49 -3 5.1 +0.3
GDAT Goldman Sachs Motif Data-Driven World Etf 28.2 50 -4 5.2 +0.3
HSPX Global X S&P 500 Covered Call ETF 27.9 65 -19 5.0 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 27.5 25 21 3.5 -1.4
IWL iShares Russell Top 200 ETF 27.3 15 31 5.2 +0.3
SNPE Xtrackers S&P 500 ESG ETF 27.3 11 35 5.2 +0.4
DRIV Global X Autonomous & Electric Vehicles ETF 27.1 68 -22 6.0 +1.2
AIQ Global X Future Analytics Tech ETF 27.1 68 -22 4.2 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 27.1 15 31 5.9 +1.0
MGC Vanguard Mega Cap Index Fund 26.9 7 39 5.3 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 26.9 27 19 5.4 +0.6
SPHQ Invesco S&P 500 Quality ETF 26.9 15 31 5.2 +0.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 26.8 57 -11 5.1 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 26.8 32 14 5.2 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 26.6 20 26 5.5 +0.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 26.5 15 31 4.8 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 26.2 10 36 5.4 +0.6
ESGV Vanguard ESG U.S. Stock ETF 26.2 12 34 5.3 +0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.2 10 36 5.5 +0.6
SPLG SPDR Portfolio Large Cap ETF 26.2 3 43 5.5 +0.7
IVV iShares Core S&P 500 ETF 26.2 4 42 5.5 +0.7
SPY SPDR S&P 500 ETF Trust 26.1 9 37 5.5 +0.6
CATH Global X S&P 500 Catholic Values Custom ETF 26.1 29 17 5.3 +0.5
VOO VANGUARD S&P 500 ETF 26.1 3 43 5.5 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 25.7 15 31 5.2 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 25.4 55 -9 3.5 -1.4
JMOM JPMorgan U.S. Momentum Factor ETF 25.3 12 34 3.9 -0.9
RECS Columbia Research Enhanced Core ETF 25.3 15 31 5.7 +0.9
JOYY Infusive Compounding Global Equities ETF 25.3 50 -4 3.9 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 25.2 12 34 5.3 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 25.2 20 26 5.1 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 25.1 19 27 5.7 +0.8
PBUS Invesco PureBeta MSCI USA ETF 25.1 4 42 5.4 +0.6
IOO iShares Global 100 ETF 25.0 40 6 4.9 +0.1
VV Vanguard Large-Cap Index Fund 25.0 4 42 5.4 +0.5
QUAL iShares MSCI Usa Quality Factor ETF 24.9 15 31 5.4 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 24.9 2 44 5.4 +0.6
JKD iShares Morningstar Large-Cap ETF 24.8 20 26 5.9 +1.1
ADME Aptus Drawdown Managed Equity ETF 24.7 81 -35 3.8 -1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 24.4 9 37 5.6 +0.8
QLC FlexShares US Quality Large Cap Index Fund 24.3 32 14 5.6 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 24.3 25 21 6.5 +1.7
SCHX Schwab U.S. Large-Cap ETF 24.2 3 43 5.4 +0.6
NACP Impact Shares NAACP Minority Empowerment ETF 24.2 75 -29 4.6 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 24.1 3 43 5.6 +0.8
SYE SPDR MFS Systematic Core Equity ETF 24.1 60 -14 5.9 +1.1
LRGE ClearBridge Large Cap Growth ESG ETF 24.0 60 -14 4.0 -0.9
SFY SoFi Select 500 ETF 24.0 0 46 5.4 +0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.8 12 34 4.9 +0.0
IUS Invesco Strategic US ETF 23.8 19 27 6.2 +1.4
FDRR Fidelity Dividend ETF for Rising Rates 23.7 29 17 7.1 +2.2
FQAL Fidelity Quality Factor ETF 23.5 29 17 5.5 +0.6
SUSA iShares MSCI USA ESG Select ETF 23.4 25 21 4.8 -0.0
SCHK Schwab 1000 Index ETF 23.4 5 41 5.4 +0.6
IWB iShares Russell 1000 ETF 23.4 15 31 5.3 +0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.3 42 4 5.7 +0.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 23.2 28 18 6.6 +1.7
VONE Vanguard Russell 1000 ETF 23.2 8 38 5.4 +0.5

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 Global Tech ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.8 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.51
 
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.