iShares S&P Global Technology
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
21.7x P/Sales
ratio
3.5x
P/BV
ratio
4.7x Div.
yield
1.5%


  • 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) $3,070
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 117
Wgt avg mkt cap (mns) $448,855
Large cap (>$10bn) 98.6%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 92.3%
Emerging mkts 7.7%

TOP TEN HOLDINGS
MICROSOFT CORP 15.2 %
APPLE INC 15.1 %
VISA INC-CLASS A SHARES 4.2 %
INTEL CORP 3.5 %
MASTERCARD INC-CLASS A 3.3 %
SAMSUNG ELECTRONICS CO LTD 3.2 %
CISCO SYSTEMS INC 2.8 %
TAIWAN SEMICONDUCTOR MANUFAC 2.6 %
SAP AG 2.0 %
ADOBE SYSTEMS INC 1.9 %
Total 53.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.7 %
JAPAN 4.5 %
SOUTH KOREA 4.1 %
TAIWAN 3.6 %
GERMANY 2.6 %
IRELAND 1.8 %
NETHERLANDS 1.8 %
CANADA 1.1 %
SWITZERLAND 0.9 %
FRANCE 0.6 %

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.
34.2% 21.2% 16.9% 15.4% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 73%
MSCI EAFE 1.04 58%
MSCI Emg. Mkts. 0.75 51%

Technical Indicators
Recent close $198.06
30d moving avg. $189.42
Annualized volatility 15.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 90
Turnover 0.6%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $36,770

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Global Technology 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™: 5.4%


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 79.0 13 33 5.6 +0.2
FTEC Fidelity MSCI Info Technology 79.0 8 38 5.4 +0.1
VGT Vanguard Info Tech ETF 78.9 10 36 5.4 +0.1
IYW iShares US Technology 61.6 42 4 5.2 -0.1
IGM iShares S&P N. American Technology 61.4 46 0 4.6 -0.7
IETC iShares Evolved U.S. Technology 60.9 18 28 4.9 -0.5
QYLD Global X NASDAQ 100 Covered Call ETF 47.3 60 -14 4.9 -0.5
QQQ Invesco QQQ 45.5 20 26 5.3 -0.1
JHMT John Hancock Multifactor Technology 44.4 40 6 6.0 +0.7
RYT Invesco S&P Equal Weight Technology 41.2 40 6 6.6 +1.3
TDIV First Trust NASDAQ Technology Dividend 38.8 50 -4 6.6 +1.2
IWY iShares Russell Top 200 Growth 38.8 20 26 5.1 -0.2
MGK Vanguard Mega Cap 300 Growth 38.4 7 39 5.1 -0.3
SPHQ Invesco S&P High Quality Portfolio 36.1 15 31 5.7 +0.3
VUG Vanguard Growth ETF 35.0 4 42 4.9 -0.5
IWF iShares Russell 1000 Growth 34.7 19 27 5.0 -0.3
VONG Vanguard Russell 1000 Growth 34.5 12 34 5.1 -0.3
TMFC Motley Fool 100 Index 33.1 50 -4 4.4 -0.9
XNTK SPDR NYSE Technology 32.3 35 11 5.5 +0.2
KOIN Innovation Shares NextGen Protocol 32.0 95 -49 4.7 -0.6

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 S&P Global Technology
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 4.1 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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