iShares Morningstar Mid Cap Growth
ALTAR
Score™
2.6% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
38.6x P/Sales
ratio
4.4x
P/BV
ratio
6.1x Div.
yield
0.4%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 02, 2004
Assets (mns) $551
Currency USD
Expense ratio 30 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 177
Wgt avg mkt cap (mns) $16,566
Large cap (>$10bn) 75.7%
Mid cap ($2-10bn) 24.1%
Small cap (<$2bn) 0.2%
Developed mkts 98.7%
Emerging mkts 1.3%

TOP TEN HOLDINGS
IHS MARKIT LTD. 1.4 %
MERCADOLIBRE INC 1.4 %
LULULEMON ATHLETICA INC 1.3 %
SBA COMMUNICATIONS CORP. CLASS A 1.3 %
KLA-TENCOR CORPORATION 1.3 %
AGILENT TECHNOLOGIES INC 1.2 %
VERISK ANALYTICS INC-CLASS A 1.2 %
TWITTER INC 1.2 %
FLEETCOR TECHNOLOGIES INC 1.2 %
XILINX INC 1.2 %
Total 12.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.7 %
ARGENTINA 1.4 %
IRELAND 1.1 %
ISRAEL 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
35.7% 35.7% 11.4% 13.8% 11.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 82%
MSCI EAFE 0.95 53%
MSCI Emg. Mkts. 0.62 39%

Technical Indicators
Recent close $275.53
30d moving avg. $263.80
Annualized volatility 14.3%
Short interest (ETF) 0.6%
Short interest (Underlying) 5.6%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $20,115

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKH Expense: 30 bp ALTAR Score™: 2.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKH
Ticker Fund
Name
Overlap1
vs JKH
(%)
Expense
ratio
(bp)
Savings
vs JKH
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKH
(%)
VOT Vanguard Mid-Cap Growth 58.0 7 23 3.7 +1.1
IWP iShares Russell Midcap Growth 53.6 24 6 4.2 +1.6
FTC First Trust Large Cap Growth 34.4 61 -31 3.5 +0.8
NUMG NuShares ESG Mid-Cap Growth 31.2 40 -10 3.7 +1.1
VO Vanguard Mid-Cap ETF 30.8 4 26 5.4 +2.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity 29.7 30 0 6.4 +3.8
TPLC Timothy Plan US Large Cap Core 28.6 52 -22 5.2 +2.6
FAD First Trust Multi Cap Growth 28.3 69 -39 3.2 +0.5
JHMM John Hancock Multifactor Mid Cap 27.6 44 -14 5.6 +2.9
SFYX SoFi Next 500 27.0 0 30 5.4 +2.8
VBK Vanguard Small-Cap Growth ETF 26.2 7 23 2.7 +0.0
IWR iShares Russell Midcap 25.7 19 11 5.5 +2.9
SCHM Schwab US Mid Cap 25.4 4 26 6.0 +3.3
OSIZ Invesco Russell 1000 Size Factor ETF 23.9 19 11 5.9 +3.3
QGRO American Century STOXX U.S. Quality Growth 23.6 29 1 5.4 +2.8
PSET Principal Price Setters 22.9 29 1 5.2 +2.6
JMOM JPMorgan U.S. Momentum Factor 22.1 12 18 4.1 +1.5
QQEW First Trust NASDAQ 100 Equal Weight 22.0 60 -30 4.9 +2.3
QQQE Direxion NASDAQ-100 Equal Weight 22.0 35 -5 5.2 +2.6
PDP Invesco DWA Technical Leaders 21.7 62 -32 3.2 +0.5

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 Morningstar Mid Cap Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.3 %
Divided by: Fwd. P/BV 5.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.
 

 

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.