iShares Morningstar Mid-Cap Value ETF
ALTAR
Score™
9.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.4%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $329
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 162
Wgt avg mkt cap (mns) $16,897
Large cap (>$10bn) 75.6%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CUMMINS INC 1.6 %
JOHNSON CONTROLS INTERNATIONAL PLC 1.6 %
PACCAR INC 1.5 %
EVERSOURCE ENERGY 1.4 %
ZIMMER HOLDINGS INC 1.4 %
TRAVELERS COS INC/THE 1.4 %
PUBLIC SERVICE ENTERPRISE GP 1.4 %
KROGER CO 1.3 %
STANLEY BLACK & DECKER 1.3 %
FORD MOTOR CO 1.3 %
Total 14.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
BRITAIN 2.9 %
IRELAND 2.8 %
BERMUDA 0.4 %
CAYMAN ISLANDS 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.9% -8.6% 5.4% 10.4% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.19 87%
MSCI EAFE 1.29 86%
MSCI Emg. Mkts. 0.93 70%

Technical Indicators
Recent close $131.41
30d moving avg. $134.58
Annualized volatility 22.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.8%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $4,693

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKI Expense: 30 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKI
Ticker Fund
Name
Overlap1
vs JKI
(%)
Expense
ratio
(bp)
Savings
vs JKI
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKI
(%)
VOE Vanguard Mid-Cap Value Index Fund 48.6 7 23 7.8 -1.4
ONEY SPDR Russell 1000 Yield Focus ETF 43.9 20 10 9.1 -0.0
FTA First Trust Large Cap Value AlphaDEX Fund 37.8 60 -30 9.3 +0.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 37.0 29 1 9.6 +0.4
IWS iShares Russell Mid-Cap Value ETF 34.6 24 6 7.1 -2.1
SPVU Invesco S&P 500 Enhanced Value ETF 32.6 13 17 11.9 +2.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 32.4 35 -5 8.6 -0.5
RPV Invesco S&P 500 Pure Value ETF 30.0 35 -5 11.1 +2.0
VLUE iShares Edge MSCI USA Value Factor ETF 29.7 15 15 11.5 +2.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 29.6 20 10 7.0 -2.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 28.9 35 -5 8.7 -0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 28.7 4 26 5.5 -3.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 28.3 29 1 7.9 -1.2
JDIV JPMorgan U.S. Dividend ETF 27.8 12 18 7.9 -1.3
ESGS Columbia Sustainable U.S. Equity Income ETF 27.0 35 -5 9.0 -0.1
SPVM Invesco S&P 500 Value with Momentum ETF 26.7 39 -9 9.0 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 26.3 71 -41 10.0 +0.9
TPHD Timothy Plan High Dividend Stock ETF 26.2 52 -22 7.6 -1.6
DVY iShares Select Dividend ETF 26.2 39 -9 9.7 +0.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 25.4 38 -8 8.0 -1.1
RNDV US Equity Dividend Select ETF 25.3 50 -20 8.0 -1.1
SPYD SPDR S&P 500 High Dividend ETF 25.1 7 23 11.4 +2.3
SIZE iShares Edge MSCI USA Size Factor ETF 24.2 15 15 6.1 -3.0
PVAL Principal Contrarian Value Index ETF 24.1 29 1 0.0 -9.1
MAGA Point Bridge GOP Stock Tracker ETF 24.0 72 -42 6.4 -2.8
FEX First Trust Large Cap Core AlphaDEX Fund 23.7 60 -30 6.0 -3.1
IWR iShares Russell Midcap ETF 23.5 19 11 5.6 -3.6
EUSA iShares MSCI USA Equal Weighted ETF 23.5 15 15 6.2 -3.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.4 20 10 7.6 -1.5
RSP Invesco S&P 500 Equal Weight ETF 23.4 20 10 6.6 -2.6
LRGF iShares Edge MSCI Multifactor USA ETF 23.3 20 10 7.7 -1.4
SPHB Invesco S&P 500 High Beta ETF 23.2 25 5 9.0 -0.1
VO Vanguard Mid-Cap Index Fund 23.0 4 26 5.2 -3.9
JHMM John Hancock Multifactor Mid Cap ETF 22.4 42 -12 5.7 -3.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.9 24 6 6.2 -3.0
PY Principal Shareholder Yield Index ETF 21.6 15 15 9.8 +0.7
RNLC Large Cap US Equity Select ETF 21.0 60 -30 6.3 -2.8
VALQ American Century STOXX U.S. Quality Value ETF 20.7 29 1 9.0 -0.1
JVAL JPMorgan U.S. Value Factor ETF 20.2 12 18 8.9 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.5 17 13 6.5 -2.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 19.4 9 21 6.0 -3.1
CZA Invesco Zacks Mid-Cap ETF 19.1 69 -39 6.1 -3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 19.0 20 10 6.4 -2.7
RWL Invesco S&P 500 Revenue ETF 19.0 39 -9 7.4 -1.8
SPDV AAM S&P 500 High Dividend Value ETF 19.0 29 1 10.1 +1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 18.9 17 13 6.4 -2.8
SCHD Schwab U.S. Dividend Equity ETF 18.7 6 24 8.0 -1.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.7 18 12 6.2 -2.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 18.6 30 0 5.7 -3.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 18.5 25 5 7.7 -1.4
NUMV Nuveen ESG Mid-Cap Value ETF 18.5 40 -10 7.1 -2.0
AUSF Global X Adaptive U.S. Factor ETF 18.5 27 3 9.3 +0.2
SCHM Schwab U.S. Mid-Cap ETF 18.4 4 26 6.2 -3.0
GBDV Global Beta Smart Income ETF 18.1 29 1 8.5 -0.6
SDOG ALPS Sector Dividend Dogs ETF 18.0 40 -10 10.3 +1.2
VFVA Vanguard U.S. Value Factor ETF 17.8 14 16 11.3 +2.1
VUSE Vident Core US Equity Fund 17.8 48 -18 9.0 -0.2
EQAL Invesco Russell 1000 Equal Weight ETF 17.7 20 10 5.7 -3.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.5 35 -5 5.8 -3.4
SYLD Cambria Shareholder Yield ETF 17.5 59 -29 9.1 -0.1
JHMF John Hancock Multifactor Financials ETF 17.4 40 -10 7.8 -1.3
SCIU Global X Scientific Beta US ETF 17.4 19 11 6.0 -3.2
NULV Nuveen ESG Large-Cap Value ETF 17.3 35 -5 7.3 -1.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.3 35 -5 5.8 -3.4
PMOM Principal Sustainable Momentum Index ETF 17.1 29 1 0.0 -9.1
DON WisdomTree U.S. MidCap Dividend Fund 16.9 38 -8 7.8 -1.4
FDL First Trust Morningstar Dividend Leaders Index Fund 16.5 45 -15 10.4 +1.3
REVS Columbia Research Enhanced Value ETF 16.2 19 11 7.5 -1.7
TPLC Timothy Plan US Large Cap Core ETF 16.0 52 -22 5.4 -3.8
VLU SPDR S&P 1500 Value Tilt ETF 16.0 12 18 7.6 -1.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.9 29 1 6.9 -2.2
JMIN JPMorgan U.S. Minimum Volatility ETF 15.8 12 18 5.5 -3.6
TUSA First Trust Total US Market AlphaDEX ETF 15.8 70 -40 6.1 -3.1
COWZ Pacer US Cash Cows 100 ETF 15.4 49 -19 10.6 +1.5
IUS Invesco Strategic US ETF 15.2 19 11 7.0 -2.1
IEFN iShares Evolved U.S. Financials ETF 15.2 18 12 9.4 +0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.1 30 0 6.6 -2.6
QSY WisdomTree U.S. LargeCap Value Fund 14.8 38 -8 6.9 -2.3
RYF Invesco S&P 500 Equal Weight Financials ETF 14.7 40 -10 9.8 +0.6
USDY Pacific Global US Equity Income ETF 14.7 29 1 7.2 -1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 14.4 25 5 7.3 -1.8
IFRA iShares U.S. Infrastructure ETF 14.4 40 -10 6.0 -3.1
LVHD Legg Mason Low Volatility High Dividend ETF 14.3 27 3 8.3 -0.9
DHS WisdomTree U.S. High Dividend Fund 14.2 38 -8 8.8 -0.3
VTV Vanguard Value Index Fund 14.1 4 26 7.4 -1.7
VOOV Vanguard S&P 500 Value ETF 14.1 10 20 7.3 -1.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 14.1 30 0 9.6 +0.4
PRF Invesco FTSE RAFI US 1000 ETF 14.1 39 -9 7.2 -1.9
IVE iShares S&P 500 Value ETF 14.0 18 12 7.2 -1.9
WLDR Affinity World Leaders Equity ETF 14.0 47 -17 9.8 +0.7
FXO First Trust Financials AlphaDEX Fund 14.0 63 -33 13.1 +3.9
SPYV SPDR Portfolio S&P 500 Value ETF 14.0 4 26 7.4 -1.8
QDIV Global X S&P 500 Quality Dividend ETF 13.9 20 10 7.7 -1.4
EQRR ProShares Equities for Rising Rates ETF 13.9 35 -5 7.4 -1.7
IUSV iShares Core S&P U.S. Value ETF 13.7 4 26 7.5 -1.7
SPGP Invesco S&P 500 GARP ETF 13.6 34 -4 7.1 -2.1
RDIV Invesco S&P Ultra Dividend Revenue ETF 13.6 39 -9 10.9 +1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 13.5 25 5 7.3 -1.9
FUTY Fidelity MSCI Utilities Index ETF 13.3 8 22 6.0 -3.1

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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.51
 
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.