iShares Morningstar Mid-Cap ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.3x P/Sales
ratio
2.6x
P/BV
ratio
2.9x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Morningstar Mid Core Index Fund seeks investment results that correspond to the price and yield performance of the Morningstar Mid Core Index. The Index measures the performance of com

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $659
Currency USD
Expense ratio 25 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 167
Wgt avg mkt cap (mns) $17,734
Large cap (>$10bn) 80.5%
Mid cap ($2-10bn) 19.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
T ROWE PRICE GROUP INC 1.4 %
TE CONNECTIVITY 1.3 %
CLOROX COMPANY 1.3 %
TWITTER INC 1.3 %
AUTOZONE INC 1.3 %
INGERSOLL-RAND PLC 1.2 %
AMERICAN WATER WORKS CO INC 1.2 %
WILLIS TOWERS WATSON PUBLIC LIMITE 1.2 %
OTIS WORLDWIDE CORPORATION 1.2 %
MICROCHIP TECHNOLOGY INC 1.2 %
Total 12.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.5 %
IRELAND 2.6 %
BERMUDA 2.4 %
SWITZERLAND 2.0 %
BRITAIN 1.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.8% 0.7% 6.9% 12.3% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.14 95%
MSCI EAFE 1.18 86%
MSCI Emg. Mkts. 0.83 69%

Technical Indicators
Recent close $199.66
30d moving avg. $190.41
Annualized volatility 20.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.8%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $19,958

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Morningstar Mid-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with JKG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JKG Expense: 25 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKG
Ticker Fund
Name
Overlap1
vs JKG
(%)
Expense
ratio
(bp)
Savings
vs JKG
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKG
(%)
VOE Vanguard Mid-Cap Value Index Fund 39.8 7 18 7.6 +2.4
IWS iShares Russell Mid-Cap Value ETF 35.3 24 1 7.0 +1.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 33.8 4 21 5.4 +0.1
VO Vanguard Mid-Cap Index Fund 32.5 4 21 5.1 -0.1
IWR iShares Russell Midcap ETF 28.0 19 6 5.5 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 27.9 42 -17 5.5 +0.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.2 24 1 6.0 +0.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 25.9 20 5 6.8 +1.5
VOT Vanguard Mid-Cap Growth Index Fund 24.7 7 18 3.1 -2.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 24.1 30 -5 5.5 +0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 23.9 29 -4 7.8 +2.6
SCHM Schwab U.S. Mid-Cap ETF 22.9 4 21 6.0 +0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 22.9 9 16 5.8 +0.5
SIZE iShares Edge MSCI USA Size Factor ETF 22.8 15 10 6.1 +0.8
CZA Invesco Zacks Mid-Cap ETF 22.8 76 -51 6.0 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 22.4 15 10 6.0 +0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.0 17 8 6.2 +0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.7 35 -10 5.6 +0.4
RSP Invesco S&P 500 Equal Weight ETF 21.6 20 5 6.5 +1.2
ONEO SPDR Russell 1000 Momentum Focus ETF 21.5 20 5 6.2 +1.0
JHMI John Hancock Multifactor Industrials ETF 20.9 40 -15 5.6 +0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.9 29 -4 6.7 +1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.7 35 -10 5.2 -0.0
SCIU Global X Scientific Beta US ETF 20.6 19 6 5.6 +0.4
RNLC Large Cap US Equity Select ETF 20.2 60 -35 6.1 +0.8
NUMV Nuveen ESG Mid-Cap Value ETF 20.0 40 -15 7.4 +2.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.9 17 8 6.3 +1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 18.7 20 5 7.4 +2.1
LGLV SPDR Russell 1000 Low Volatility ETF 18.5 12 13 5.5 +0.2
RBUS Nationwide Risk-Based U.S. Equity ETF 18.3 30 -5 4.6 -0.7
PSET Principal Price Setters Index ETF 18.3 29 -4 4.6 -0.7
MAGA Point Bridge GOP Stock Tracker ETF 18.3 72 -47 6.3 +1.1
KLCD KFA Large Cap Quality Dividend Index ETF 17.8 41 -16 5.1 -0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 17.7 18 7 6.0 +0.8
DON WisdomTree U.S. MidCap Dividend Fund 17.5 38 -13 7.4 +2.1
LRGF iShares Edge MSCI Multifactor USA ETF 17.4 20 5 7.1 +1.9
JMIN JPMorgan U.S. Minimum Volatility ETF 17.0 12 13 5.4 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 16.2 60 -35 5.8 +0.6
EQAL Invesco Russell 1000 Equal Weight ETF 15.8 20 5 5.4 +0.2
FREL Fidelity MSCI Real Estate Index ETF 15.7 8 17 6.6 +1.3
VNQ Vanguard REIT Index Fund 15.7 12 13 6.5 +1.2
IYR iShares U.S. Real Estate ETF 15.7 42 -17 6.4 +1.2
QSY WisdomTree U.S. LargeCap Value Fund 15.4 38 -13 6.7 +1.4
ETHO Etho Climate Leadership U.S. ETF 15.2 47 -22 4.2 -1.1
HOMZ Hoya Capital Housing ETF 15.2 45 -20 7.3 +2.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 15.1 25 0 5.7 +0.5
SCHH Schwab U.S. REIT ETF 15.0 7 18 6.6 +1.4
PSR Invesco Active U.S. Real Estate Fund 15.0 35 -10 6.1 +0.8
LSAF LeaderShares AlphaFactor US Core Equity ETF 15.0 75 -50 5.7 +0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 15.0 61 -36 2.6 -2.6
IWP iShares Russell Mid-Cap Growth ETF 14.9 24 1 2.8 -2.4
IYJ iShares U.S. Industrials ETF 14.8 42 -17 5.6 +0.3
DSTL Distillate US Fundamental Stability & Value ETF 14.8 39 -14 5.9 +0.6
XLI Industrial Select Sector SPDR Fund 14.8 13 12 5.5 +0.3
RGI Invesco S&P 500 Equal Weight Industrials ETF 14.8 40 -15 5.1 -0.1
FIDU Fidelity MSCI Industrials Index ETF 14.1 8 17 5.6 +0.4
PPTY PPTY-U.S. Diversified Real Estate ETF 14.1 53 -28 6.3 +1.0
REET iShares Global REIT ETF 14.0 14 11 7.4 +2.2
USRT iShares Core U.S. REIT ETF 14.0 8 17 7.3 +2.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 14.0 11 14 7.2 +2.0
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 14.0 60 -35 7.2 +1.9
FRI First Trust S&P REIT Index Fund 14.0 50 -25 6.8 +1.6
FTA First Trust Large Cap Value AlphaDEX Fund 13.6 60 -35 9.2 +3.9
SPLV Invesco S&P 500 Low Volatility ETF 13.6 25 0 5.5 +0.2
VIS Vanguard Industrials Index Fund 13.5 10 15 5.5 +0.2
AFLG First Trust Active Factor Large Cap ETF 13.4 55 -30 5.3 +0.1
DEF Invesco Defensive Equity ETF 13.3 55 -30 4.9 -0.3
USMF WisdomTree U.S. Multifactor Fund 13.3 28 -3 5.3 +0.0
RWR SPDR Dow Jones REIT ETF 13.3 25 0 7.3 +2.1
RWO SPDR Dow Jones Global Real Estate ETF 13.3 50 -25 7.0 +1.8
HUSV First Trust Horizon Managed Volatility Domestic ETF 13.2 70 -45 4.6 -0.6
BLES Inspire Global Hope Large Cap ETF 13.1 52 -27 6.5 +1.3
JHML John Hancock Multifactor Large Cap ETF 13.0 29 -4 5.4 +0.1
USMV iShares Edge MSCI Min Vol USA ETF 13.0 15 10 5.4 +0.1
ROUS Hartford Multifactor US Equity ETF 12.9 19 6 7.0 +1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 12.8 30 -5 6.3 +1.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.6 25 0 7.5 +2.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 12.6 15 10 6.7 +1.4
REVS Columbia Research Enhanced Value ETF 12.5 19 6 7.3 +2.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 12.5 34 -9 4.7 -0.6
LVUS Hartford Multifactor Low Volatility US Equity ETF 12.2 19 6 6.0 +0.8
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 12.2 49 -24 9.0 +3.8
ALTL Pacer Lunt Large Cap Alternator ETF 12.2 60 -35 9.0 +3.7
SPHB Invesco S&P 500 High Beta ETF 12.2 25 0 9.1 +3.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 12.1 35 -10 5.7 +0.4
QDIV Global X S&P 500 Quality Dividend ETF 12.1 20 5 7.5 +2.2
IYF iShares U.S. Financials ETF 12.0 42 -17 7.0 +1.7
BIBL Inspire ETF 12.0 35 -10 4.6 -0.6
VONV Vanguard Russell 1000 Value Index Fund 11.9 8 17 6.9 +1.7
IWD iShares Russell 1000 Value ETF 11.8 19 6 6.8 +1.6
BFOR Barron's 400 ETF 11.8 65 -40 6.1 +0.8
NUMG Nuveen ESG Mid-Cap Growth ETF 11.8 40 -15 2.2 -3.0
SDY SPDR S&P Dividend ETF 11.7 35 -10 6.9 +1.6
RNDV US Equity Dividend Select ETF 11.6 50 -25 8.0 +2.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.5 63 -38 6.2 +0.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 11.5 35 -10 6.0 +0.7
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 11.5 75 -50 5.6 +0.3
JHMF John Hancock Multifactor Financials ETF 11.5 40 -15 7.6 +2.3
FVD First Trust Value Line Dividend Index Fund 11.5 70 -45 6.2 +1.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Morningstar Mid-Cap 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 14.9 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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