ETF Research Center

iShares US Consumer Goods Sector Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective seeks investment results that correspond to the performance of the Dow Jones U.S. Consumer Goods Sector Index.

FUND BASICS
Category	US Equities
Fund Sponsor	Barclays Global Fund Advisors
Website	www.ishares.com
Inception date	Jun 16, 2000
Assets (mns)	$482
Currency	USD
Expense ratio	42 bp
Distributions	Quarterly

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	106
Wgt avg mkt cap (mns)	$118,176
Large cap (>$10bn)	88.7%
Mid cap ($2-10bn)	11.1%
Small cap (<$2bn)	0.3%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	55.4 %
PROCTER & GAMBLE CO/THE	13.3 %
COCA-COLA CO/THE	8.9 %
PEPSICO INC	8.3 %
PHILIP MORRIS INTERNATIONAL	5.8 %
NIKE INC -CL B	5.0 %
ALTRIA GROUP INC	3.9 %
MONDELEZ INTERNATIONAL INC-A	3.3 %
COLGATE-PALMOLIVE CO	2.5 %
GENERAL MOTORS CO	2.2 %
TESLA MOTORS INC	2.1 %

TOP COUNTRY EXPOSURE
	UNITED STATES	98.0 %
	IRELAND	1.2 %
	BRITAIN	0.3 %
	CAYMAN ISLANDS	0.2 %
	BERMUDA	0.2 %

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.
21.2%	11.3%	6.8%	11.7%	8.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.78	63%
MSCI EAFE	0.74	49%
MSCI Emg. Mkts.	0.50	37%

Technical Indicators
Recent close	$126.71
30d moving avg.	$126.01
Annualized volatility	11.8%
Short interest (ETF)	0.4%
Short interest (Underlying)	2.9%
Relative strength (RSI)	51

Liquidity measures
Avg. volume (thou.)	9
Turnover	0.2%
Bid/Ask (% of price)	0.04%
ADV underlying (mns)	$16,528

Distributions

FINDING ALTERNATIVE FUNDS

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

Benchmark ticker:

IYK

Expense:

42 bp

ALTAR Score™:

6.4%

ALTERNATIVE ETFs BASED ON OVERLAP WITH IYK
Ticker	Fund Name	Overlap¹ vs IYK (%)	Expense ratio (bp)	Savings vs IYK (bp)	ALTAR Score™ (%)	ALTAR vs IYK (%)
FSTA	Fidelity MSCI Consumer Staples	67.6	8	34	5.6	-0.8
VDC	Vanguard Consumer Staples	66.0	10	32	5.5	-0.8
XLP	Consumer Staples Select Sector SPDR	63.9	13	29	5.6	-0.8
IECS	iShares Evolved U.S. Consumer Staples	57.5	18	24	6.3	-0.1
JHMS	John Hancock Multifactor Consumer Staples	49.9	40	2	7.8	+1.4
KXI	iShares S&P Global Consumer Staples	39.8	46	-4	5.3	-1.0
RHS	Invesco S&P Equal Weight Consumer Staples	39.5	40	2	6.7	+0.3
FTXG	First Trust Nasdaq Food & Beverage	29.6	60	-18	5.7	-0.7
FXG	First Trust Consumer Staples	25.2	64	-22	6.8	+0.4
SCHD	Schwab US Dividend Equity	21.6	6	36	7.3	+1.0
PSL	Invesco DWA Consumer Staples Momentum	19.5	60	-18	5.8	-0.5
FDIS	Fidelity MSCI Consumer Discrettionary	18.9	8	34	5.4	-1.0
VCR	Vanguard Consumer Discretionary	18.5	10	32	5.5	-0.8
XLY	Consumer Discretionary Select Sector SPDR	18.2	13	29	5.7	-0.7
JHMC	John Hancock Multifactor Consumer Discretionary	17.7	40	2	6.0	-0.4
LSLT	Salt Low truBeta US Market	17.6	0	42	7.0	+0.6
DHS	WisdomTree Equity Income	17.5	38	4	7.3	+0.9
BVAL	Brand Value ETF	17.3	65	-23	7.3	+0.9
JMIN	JPMorgan U.S. Minimum Volatility	17.1	12	30	5.7	-0.7
PBJ	Invesco Dynamic Food & Beverage	16.7	63	-21	8.8	+2.4

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

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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 US Consumer Goods
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	24.5	%
Divided by: Fwd. P/BV	3.6	x
Less: Expense ratio	42	bp
Equals: ALTAR Score	6.4	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.59	CATEGORY AVERAGE	1.55

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.