iShares Morningstar Mid Cap Growth
ALTAR
Score™
2.8% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
35.0x P/Sales
ratio
3.7x
P/BV
ratio
5.1x Div.
yield
0.5%


  • 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) $498
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 191
Wgt avg mkt cap (mns) $15,403
Large cap (>$10bn) 67.6%
Mid cap ($2-10bn) 32.4%
Small cap (<$2bn) 0.0%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
GLOBAL PAYMENTS INC 2.4 %
HILTON WORLDWIDE HOLDINGS, INC. 1.3 %
IHS MARKIT LTD. 1.3 %
TRANSDIGM GROUP INC 1.3 %
SBA COMMUNICATIONS CORP. CLASS A 1.2 %
FLEETCOR TECHNOLOGIES INC 1.2 %
AGILENT TECHNOLOGIES INC 1.1 %
LULULEMON ATHLETICA INC 1.1 %
PALO ALTO NETWORKS INC 1.1 %
VERISK ANALYTICS INC-CLASS A 1.1 %
Total 13.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
BRITAIN 1.3 %
ARGENTINA 1.1 %
IRELAND 0.5 %
ISRAEL 0.3 %






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.
26.8% 17.7% 10.4% 14.2% 10.6%

Market Correlations
versus... Beta R-squared
S&P500 1.07 82%
MSCI EAFE 0.89 48%
MSCI Emg. Mkts. 0.62 38%

Technical Indicators
Recent close $249.20
30d moving avg. $244.58
Annualized volatility 14.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.7%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $20,860

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™: 2.8%


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 59.7 7 23 4.1 +1.3
IWP iShares Russell Midcap Growth 53.2 24 6 4.6 +1.8
VO Vanguard Mid-Cap ETF 31.4 4 26 5.8 +3.1
FTC First Trust Large Cap Growth 29.1 61 -31 3.7 +0.9
JHMM John Hancock Multifactor Mid Cap 28.1 44 -14 6.0 +3.2
TPLC Timothy Plan US Large Cap Core 28.0 52 -22 5.6 +2.8
SFYX SoFi Next 500 27.0 0 30 5.8 +3.0
NUMG NuShares ESG Mid-Cap Growth 27.0 40 -10 4.4 +1.6
IWR iShares Russell Midcap 26.2 19 11 6.0 +3.2
SCHM Schwab US Mid Cap 25.9 4 26 6.4 +3.6
VBK Vanguard Small-Cap Growth ETF 25.4 7 23 2.9 +0.1
OSIZ Invesco Russell 1000 Size Factor ETF 24.9 19 11 6.4 +3.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity 24.6 30 0 6.9 +4.1
PDP Invesco DWA Technical Leaders 22.9 62 -32 3.9 +1.2
FAD First Trust Multi Cap Growth 22.5 69 -39 3.4 +0.7
PSET Principal Price Setters 21.1 29 1 5.6 +2.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 20.8 24 6 6.1 +3.4
QGRO American Century STOXX U.S. Quality Growth 20.5 29 1 4.8 +2.0
JMOM JPMorgan U.S. Momentum Factor 20.1 12 18 4.3 +1.5
CFO Victory CEMP US 500 Enhanced Volatility Wtd 19.9 35 -5 6.1 +3.3

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

Content on this tab for subscribers only

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 13.9 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.