ishares Core MSCI Total International Stock ETF
ALTAR
Score™		 7.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 20.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.4x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Core MSCI Total International Stock ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the MSCI ACWI ex USA Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Oct 18, 2012
Assets (mns) $21,426
Currency USD
Expense ratio 9 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank and Trust Co
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 4287
Wgt avg mkt cap (mns) $85,812
Large cap (>$10bn) 72.5%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 6.2%
Developed mkts 74.1%
Emerging mkts 25.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 2.3 %
TENCENT HOLDINGS LTD 1.6 %
TAIWAN SEMICONDUCTOR MANUFAC 1.5 %
NESTLE SA-REG 1.4 %
SAMSUNG ELECTRONICS CO LTD 1.0 %
ROCHE HOLDING AG-GENUSSCHEIN 0.9 %
NOVARTIS AG-REG 0.7 %
ASML HOLDING NV 0.6 %
SAP AG 0.6 %
TOYOTA MOTOR CORP 0.6 %
Total 11.2 %

TOP COUNTRY EXPOSURE
JAPAN 16.3 %
CHINA 10.2 %
BRITAIN 8.3 %
CANADA 6.4 %
SWITZERLAND 6.2 %
FRANCE 5.8 %
GERMANY 5.6 %
AUSTRALIA 4.4 %
TAIWAN 3.9 %
SOUTH KOREA 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.8% 3.6% 6.4% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.84 82%
MSCI EAFE 1.01 96%
MSCI Emg. Mkts. 0.77 89%

Technical Indicators
Recent close $59.04
30d moving avg. $59.18
Annualized volatility 16.5%
Short interest (ETF) 0.7%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1,649
Turnover 0.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $120,956

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the ishares Core MSCI Total International Stock ETF ETF based on the alternatives' overlap in portfolio holdings with IXUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IXUS Expense: 9 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXUS
Ticker Fund
Name		 Overlap1
vs IXUS
(%)		 Expense
ratio
(bp)		 Savings
vs IXUS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IXUS
(%)
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 83.0 40 -31 7.1 -0.3
VXUS Vanguard Total International Stock Index Fund 82.8 8 1 7.6 +0.2
VEU Vanguard FTSE All-World ex-US Index Fund 82.8 8 1 7.6 +0.2
ACWX iShares MSCI ACWI ex U.S. ETF 82.6 32 -23 7.3 -0.1
VEA Vanguard FTSE Developed Markets ETF 70.3 5 4 7.5 +0.1
VSGX Vanguard ESG International Stock ETF 68.6 17 -8 7.1 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 66.2 5 4 7.3 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 64.9 4 5 7.2 -0.2
SCHF Schwab International Equity ETF 64.8 6 3 7.3 -0.0
CWI SPDR MSCI ACWI ex-US ETF 64.2 30 -21 7.2 -0.2
IEFA iShares Core MSCI EAFE ETF 62.1 7 2 7.4 -0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 59.7 7 2 7.6 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 56.0 39 -30 8.4 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 54.6 20 -11 7.5 +0.1
EFA iShares MSCI EAFE ETF 54.0 32 -23 7.1 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 53.6 35 -26 7.0 -0.4
GSID Goldman Sachs MarketBeta International Equity ETF 52.9 20 -11 7.4 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 52.0 45 -36 9.0 +1.6
BKIE BNY Mellon International Equity ETF 50.9 4 5 7.5 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 50.4 20 -11 7.2 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 49.8 25 -16 6.7 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 49.0 25 -16 8.8 +1.5
JHMD John Hancock Multifactor Developed International ETF 48.5 39 -30 7.4 +0.0
AVDE Avantis International Equity ETF 47.0 23 -14 7.7 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 46.2 39 -30 6.6 -0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 44.3 16 -7 7.0 -0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 43.7 30 -21 6.9 -0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 42.7 20 -11 7.0 -0.4
PDEV Principal International Multi-Factor Core Index ETF 41.7 25 -16 8.0 +0.6
ACWI iShares MSCI ACWI ETF 40.1 32 -23 5.7 -1.7
ISZE iShares Edge MSCI Intl Size Factor ETF 40.0 30 -21 7.3 -0.1
DWM WisdomTree International Equity Fund 39.5 48 -39 8.5 +1.1
ISDX Invesco Strategic Developed ex-US ETF 39.4 23 -14 7.5 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 39.2 35 -26 8.8 +1.4
CIL VictoryShares International Volatility Weighted Index ETF 38.6 45 -36 7.0 -0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 38.6 45 -36 7.0 -0.4
IQSI IQ Candriam ESG International Equity ETF 38.4 15 -6 7.5 +0.1
IEUR iShares Core MSCI Europe ETF 37.9 9 0 7.4 +0.0
VT Vanguard Total World Stock Index Fund 37.8 8 1 6.0 -1.4
VGK Vanguard FTSE Europe ETF 37.7 8 1 7.6 +0.2
FEU SPDR Portfolio Europe ETF 37.7 9 0 7.5 +0.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 37.6 20 -11 6.0 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 37.1 20 -11 6.0 -1.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 35.4 35 -26 6.9 -0.5
IQIN IQ 500 International ETF 34.8 25 -16 8.8 +1.4
FLEE Franklin FTSE Europe ETF 34.7 9 0 7.2 -0.2
FLEH Franklin FTSE Europe Hedged ETF 34.7 9 0 7.3 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 33.9 9 0 7.5 +0.1
VYMI Vanguard International High Dividend Yield ETF 33.5 27 -18 10.2 +2.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 33.4 45 -36 6.9 -0.5
DOL WisdomTree International LargeCap Dividend Fund 33.1 48 -39 9.0 +1.6
URTH iShares MSCI World ETF 32.4 24 -15 5.5 -1.9
IEV iShares Europe ETF 32.3 59 -50 7.0 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 31.9 25 -16 6.6 -0.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 31.1 42 -33 5.2 -2.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 30.6 24 -15 7.0 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 30.2 30 -21 6.1 -1.3
EFG iShares MSCI EAFE Growth ETF 29.9 40 -31 4.6 -2.8
EFV iShares MSCI EAFE Value ETF 28.7 39 -30 9.8 +2.4
IEMG iShares Core MSCI Emerging Markets ETF 28.4 13 -4 7.9 +0.5
RNDM Developed International Equity Select ETF 28.4 65 -56 6.3 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 27.8 12 -3 7.0 -0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 27.7 9 0 5.8 -1.6
TOK iShares MSCI Kokusai ETF 27.3 25 -16 5.4 -2.0
VPL Vanguard FTSE Pacific ETF 27.1 8 1 7.4 -0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 27.0 14 -5 7.1 -0.3
TPIF Timothy Plan International ETF 26.8 62 -53 6.4 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 26.6 9 0 5.6 -1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.4 29 -20 7.9 +0.5
EEM iShares MSCI Emerging Markets ETF 26.2 68 -59 7.4 -0.0
IDY Pacific Global International Equity Income ETF 25.9 39 -30 8.2 +0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.8 65 -56 7.4 +0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 25.4 45 -36 6.6 -0.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 25.0 59 -50 11.1 +3.7
IGRO iShares International Dividend Growth ETF 24.3 22 -13 8.5 +1.1
SCID Global X Scientific Beta Europe ETF 24.2 39 -30 0.0 -7.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 24.1 36 -27 7.3 -0.1
FLAX Franklin FTSE Asia Ex Japan ETF 23.8 19 -10 7.7 +0.3
VWO Vanguard FTSE Emerging Markets ETF 23.7 10 -1 8.0 +0.6
RESD WisdomTree International ESG Fund 23.6 30 -21 6.9 -0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 23.6 68 -59 7.0 -0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.0 30 -21 4.5 -2.9
QINT American Century Quality Diversified International ETF 22.9 39 -30 6.2 -1.2
RBIN Nationwide Risk-Based International Equity ETF 22.4 42 -33 6.1 -1.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.3 30 -21 6.1 -1.3
SCHE Schwab Emerging Markets Equity ETF 22.3 11 -2 7.9 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 21.7 49 -40 8.7 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.7 29 -20 7.8 +0.4
IPAC iShares Core MSCI Pacific ETF 21.6 9 0 7.2 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 21.4 37 -28 7.9 +0.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 20.9 30 -21 8.8 +1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.8 20 -11 5.4 -2.0
EEMA iShares MSCI Emerging Markets Asia ETF 20.7 50 -41 7.7 +0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 20.6 30 -21 7.6 +0.2
VGFO Virtus WMC Global Factor Opportunities ETF 20.4 49 -40 8.2 +0.8
SPEM SPDR Portfolio Emerging Markets ETF 20.3 11 -2 7.7 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 20.0 45 -36 7.5 +0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.5 15 -6 8.4 +1.0
AVEM Avantis Emerging Markets Equity ETF 19.5 33 -24 8.8 +1.4

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 Core MSCI Total International Stock 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 10.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.57
 
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.