iShares S&P Global Comm. Services
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
18.3x P/Sales
ratio
2.2x
P/BV
ratio
2.5x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Global Comm Services ETF seeks to track the investment results of an index composed of global equities in the communication services sector.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 16, 2001
Assets (mns) $234
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 Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 69
Wgt avg mkt cap (mns) $340,100
Large cap (>$10bn) 95.8%
Mid cap ($2-10bn) 4.3%
Small cap (<$2bn) 0.0%
Developed mkts 93.3%
Emerging mkts 6.7%

TOP TEN HOLDINGS
FACEBOOK 12.3 %
ALPHABET INC. CLASS C 10.6 %
ALPHABET INC. CLASS A 10.5 %
AT&T INC 7.5 %
TENCENT HOLDINGS LTD 5.3 %
WALT DISNEY CO/THE 4.7 %
VERIZON COMMUNICATIONS INC 4.3 %
COMCAST CORP-CL A 4.2 %
NETFLIX INC 4.0 %
CHARTER COMMUNICATIONS, INC. CLASS 2.4 %
Total 65.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.8 %
JAPAN 8.1 %
CHINA 5.3 %
BRITAIN 3.6 %
CANADA 2.9 %
FRANCE 2.1 %
GERMANY 1.8 %
HONG KONG 1.4 %
SPAIN 1.1 %
AUSTRALIA 0.9 %

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.
18.8% 12.4% 2.0% 6.0% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.77 53%
MSCI EAFE 0.94 67%
MSCI Emg. Mkts. 0.63 49%

Technical Indicators
Recent close $60.00
30d moving avg. $58.66
Annualized volatility 12.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 53
Turnover 1.4%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $16,839

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Global Comm. Services ETF based on the alternatives' overlap in portfolio holdings with IXP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IXP Expense: 46 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXP
Ticker Fund
Name
Overlap1
vs IXP
(%)
Expense
ratio
(bp)
Savings
vs IXP
(bp)
ALTAR
Score™
(%)
ALTAR
vs IXP
(%)
FCOM Fidelity MSCI Communication Services 67.7 8 38 5.2 -1.1
VOX Vanguard Communication Services 67.6 10 36 5.3 -1.0
XLC Communication Services Select Sector SPDR 64.9 13 33 6.4 +0.1
JHCS John Hancock Multifactor Media & Communications 46.0 40 6 6.3 -0.0
EWCO Invesco S&P 500 Equal Weight Comm. Services 41.0 40 6 7.9 +1.6
TTTN TigerShares China-U.S. Internet Titans 27.2 59 -13 3.9 -2.4
IEME iShares Evolved U.S. Media and Entertainment 23.4 18 28 6.8 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure 23.2 47 -1 6.4 +0.1
FDN First Trust DJ Internet 22.8 52 -6 3.4 -3.0
PNQI Invesco Nasdaq Internet 22.4 62 -16 2.8 -3.5
ENTR ERShares Entrepreneur 30 21.6 49 -3 4.0 -2.3
QYLD Global X NASDAQ 100 Covered Call ETF 21.3 60 -14 4.9 -1.4
SOCL Global X Social Media 21.3 65 -19 4.7 -1.7
QQQ Invesco QQQ 20.4 20 26 5.2 -1.1
OGIG O'Shares Global Internet Giants 20.0 48 -2 1.5 -4.8
IYC iShares DJ US Consumer Services 18.1 42 4 5.0 -1.3
TMFC Motley Fool 100 Index 18.1 50 -4 4.4 -1.9
XLG Invesco S&P Top 50 18.1 20 26 5.1 -1.2
IGM iShares S&P N. American Technology 17.3 46 0 4.6 -1.7
IYW iShares US Technology 17.0 42 4 5.1 -1.2

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

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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 Comm. Services
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 15.7 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.