iShares Morningstar Mid-Cap Value ETF
ALTAR
Score™
9.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
19.2x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.2%


  • 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) $364
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 179
Wgt avg mkt cap (mns) $13,558
Large cap (>$10bn) 61.1%
Mid cap ($2-10bn) 38.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EVERSOURCE ENERGY 1.7 %
KROGER CO 1.7 %
ZIMMER HOLDINGS INC 1.6 %
MCKESSON CORP 1.6 %
PACCAR INC 1.6 %
FIRSTENERGY CORP 1.4 %
HP INC. 1.4 %
STATE STREET CORP 1.4 %
ARCHER-DANIELS-MIDLAND CO 1.4 %
PPL CORPORATION 1.4 %
Total 15.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
BRITAIN 2.0 %
IRELAND 1.2 %
SINGAPORE 0.3 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.2 %
BERMUDA 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-25.0% -12.7% 2.0% 8.8% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.23 88%
MSCI EAFE 1.31 86%
MSCI Emg. Mkts. 0.97 71%

Technical Indicators
Recent close $134.72
30d moving avg. $119.33
Annualized volatility 22.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.8%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.6%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $26,216

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 51.9 7 23 7.6 -1.5
ONEY SPDR Russell 1000 Yield Focus ETF 39.6 20 10 8.0 -1.1
IWS iShares Russell Mid-Cap Value ETF 35.5 24 6 6.9 -2.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.3 29 1 7.0 -2.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 28.6 20 10 6.8 -2.3
RPV Invesco S&P 500 Pure Value ETF 28.3 35 -5 10.6 +1.5
FTA First Trust Large Cap Value AlphaDEX Fund 28.1 60 -30 8.6 -0.5
ESGS Columbia Sustainable U.S. Equity Income ETF 27.8 35 -5 8.6 -0.4
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 27.0 35 -5 8.2 -0.9
TPHD Timothy Plan High Dividend Stock ETF 26.6 52 -22 7.0 -2.1
DON WisdomTree U.S. MidCap Dividend Fund 26.5 38 -8 7.4 -1.7
JDIV JPMorgan U.S. Dividend ETF 26.2 12 18 7.7 -1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 25.0 71 -41 8.9 -0.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 24.6 35 -5 8.3 -0.8
JHMM John Hancock Multifactor Mid Cap ETF 24.0 44 -14 5.6 -3.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.0 24 6 5.9 -3.2
RSP Invesco S&P 500 Equal Weight ETF 23.8 20 10 6.6 -2.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.7 17 13 6.8 -2.3
PVAL Principal Contrarian Value Index ETF 23.4 29 1 7.2 -1.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.4 20 10 7.5 -1.6
VALQ American Century STOXX U.S. Quality Value ETF 23.2 29 1 8.6 -0.4
SPVM Invesco S&P 500 Value with Momentum ETF 23.0 39 -9 8.9 -0.2
VO Vanguard Mid-Cap Index Fund 23.0 4 26 5.4 -3.7
RNDV US Equity Dividend Select ETF 22.9 50 -20 7.4 -1.7
SPVU Invesco S&P 500 Enhanced Value ETF 22.8 13 17 10.4 +1.3
VLUE iShares Edge MSCI USA Value Factor ETF 22.2 15 15 10.7 +1.6
DVY iShares Select Dividend ETF 21.8 39 -9 7.9 -1.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 21.7 38 -8 7.7 -1.4
MAGA Point Bridge GOP Stock Tracker ETF 21.7 72 -42 6.3 -2.8
JVAL JPMorgan U.S. Value Factor ETF 21.6 12 18 8.5 -0.6
IWR iShares Russell Midcap ETF 20.8 19 11 5.6 -3.5
PY Principal Shareholder Yield Index ETF 20.7 29 1 8.8 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 20.6 20 10 6.4 -2.7
SPYB SPDR S&P 500 Buyback ETF 20.3 35 -5 9.5 +0.4
EUSA iShares MSCI USA Equal Weighted ETF 20.2 15 15 6.0 -3.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.0 17 13 6.4 -2.7
SPHB Invesco S&P 500 High Beta ETF 19.9 25 5 9.3 +0.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 19.9 49 -19 9.2 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 19.7 15 15 5.8 -3.3
AUSF Global X Adaptive U.S. Factor ETF 19.7 27 3 7.8 -1.3
VUSE Vident Core US Equity Fund 19.5 48 -18 7.5 -1.6
PMOM Principal Sustainable Momentum Index ETF 19.1 29 1 8.6 -0.4
NUMV Nuveen ESG Mid-Cap Value ETF 19.0 40 -10 8.3 -0.8
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 19.0 30 0 5.9 -3.2
SCHM Schwab U.S. Mid-Cap ETF 18.9 4 26 6.2 -2.9
LRGF iShares Edge MSCI Multifactor USA ETF 18.7 20 10 6.9 -2.2
SCIU Global X Scientific Beta US ETF 18.7 19 11 5.7 -3.4
CZA Invesco Zacks Mid-Cap ETF 18.6 76 -46 5.9 -3.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 18.5 19 11 6.1 -3.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 18.4 25 5 7.2 -1.9
RNLC Large Cap US Equity Select ETF 18.3 60 -30 6.0 -3.1
FEX First Trust Large Cap Core AlphaDEX Fund 18.2 60 -30 5.9 -3.2
TPLC Timothy Plan US Large Cap Core ETF 18.0 52 -22 5.3 -3.8
EQAL Invesco Russell 1000 Equal Weight ETF 17.8 20 10 4.9 -4.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 17.8 20 10 9.1 -0.0
JMIN JPMorgan U.S. Minimum Volatility ETF 17.7 12 18 5.8 -3.3
SPYD SPDR S&P 500 High Dividend ETF 17.7 7 23 9.9 +0.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.9 35 -5 5.7 -3.4
COWZ Pacer US Cash Cows 100 ETF 16.8 49 -19 9.4 +0.3
TUSA First Trust Total US Market AlphaDEX ETF 16.8 70 -40 5.9 -3.2
SLT Salt TruBeta High Exposure ETF 16.7 29 1 6.3 -2.8
LSLT Salt Low truBeta US Market ETF 16.7 0 30 7.1 -2.0
FVD First Trust Value Line Dividend Index Fund 16.6 70 -40 6.1 -3.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 16.5 65 -35 4.8 -4.3
ROUS Hartford Multifactor US Equity ETF 16.5 19 11 7.1 -2.0
JHMF John Hancock Multifactor Financials ETF 15.9 40 -10 7.3 -1.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 15.7 29 1 6.5 -2.6
VPU Vanguard Utilities Index Fund 15.7 10 20 5.6 -3.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 15.6 60 -30 6.2 -2.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 15.6 9 21 5.8 -3.3
FUTY Fidelity MSCI Utilities Index ETF 15.5 8 22 5.6 -3.5
FNK First Trust Mid Cap Value AlphaDEX Fund 15.5 70 -40 9.8 +0.7
VFVA Vanguard U.S. Value Factor ETF 15.4 13 17 11.2 +2.1
LVHD Legg Mason Low Volatility High Dividend ETF 15.4 27 3 8.4 -0.7
JHMU John Hancock Multifactor Utilities ETF 15.4 40 -10 5.9 -3.2
IDU iShares U.S. Utilities ETF 15.3 43 -13 5.4 -3.7
USDY Pacific Global US Equity Income ETF 15.3 29 1 7.5 -1.6
SYLD Cambria Shareholder Yield ETF 15.0 59 -29 8.5 -0.6
QSY WisdomTree U.S. LargeCap Value Fund 14.7 38 -8 6.6 -2.5
RNMC Mid Cap US Equity Select ETF 14.5 60 -30 7.5 -1.6
RYU Invesco S&P 500 Equal Weight Utilities ETF 14.4 40 -10 6.1 -3.0
JXI iShares Global Utilities ETF 14.4 46 -16 5.8 -3.3
XLU Utilities Select Sector SPDR Fund 14.4 13 17 5.7 -3.4
LSAF LeaderShares AlphaFactor US Core Equity ETF 14.4 75 -45 7.1 -2.0
RWL Invesco S&P 500 Revenue ETF 14.1 39 -9 6.7 -2.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.0 34 -4 5.2 -3.9
SPDV AAM S&P 500 High Dividend Value ETF 13.7 29 1 10.3 +1.3
FXU First Trust Utilities AlphaDEX Fund 13.6 63 -33 6.1 -3.0
FNX First Trust Mid Cap Core AlphaDEX Fund 13.3 61 -31 6.4 -2.7
CVY Invesco Zacks Multi-Asset Income ETF 13.2 97 -67 11.8 +2.7
EZM WisdomTree U.S. MidCap Earnings Fund 13.1 38 -8 8.8 -0.3
IFRA iShares U.S. Infrastructure ETF 13.1 40 -10 5.4 -3.7
FXO First Trust Financials AlphaDEX Fund 13.0 63 -33 11.2 +2.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 13.0 30 0 9.1 -0.0
VLU SPDR S&P 1500 Value Tilt ETF 12.9 12 18 7.1 -2.0
SFYX Sofi Next 500 ETF 12.8 0 30 5.9 -3.2
USMF WisdomTree U.S. Multifactor Fund 12.8 28 2 6.1 -3.0
RBUS Nationwide Risk-Based U.S. Equity ETF 12.7 30 0 5.1 -4.0
RYF Invesco S&P 500 Equal Weight Financials ETF 12.7 40 -10 9.2 +0.1

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 12.9 %
Divided by: Fwd. P/BV 1.4 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
1.63 CATEGORY
AVERAGE
1.53
 
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.