iShares Morningstar Small Cap Growth
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
61.7x P/Sales
ratio
2.8x
P/BV
ratio
4.3x Div.
yield
0.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 07, 2004
Assets (mns) $219
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 245
Wgt avg mkt cap (mns) $3,826
Large cap (>$10bn) 2.8%
Mid cap ($2-10bn) 77.5%
Small cap (<$2bn) 19.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROKU, INC. CLASS A 2.0 %
NOVOCURE LIMITED 1.1 %
ENTEGRIS INC 0.9 %
HAEMONETICS CORP/MASS 0.9 %
TELADOC INC 0.9 %
ZYNGA INC - CL A 0.9 %
PENUMBRA, INC. 0.8 %
ACADIA PHARMACEUTICALS INC 0.8 %
FIRST INDUSTRIAL REALTY TR 0.8 %
LUMENTUM HOLDINGS, INC. 0.8 %
Total 9.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
BRITAIN 1.4 %
IRELAND 1.0 %
NETHERLANDS 0.8 %
SWITZERLAND 0.3 %
CANADA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.1% 13.1% 10.3% 14.1% 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.19 75%
MSCI EAFE 0.98 43%
MSCI Emg. Mkts. 0.67 32%

Technical Indicators
Recent close $208.40
30d moving avg. $204.48
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 8.8%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $10,874

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKK Expense: 30 bp ALTAR Score™: 1.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKK
Ticker Fund
Name
Overlap1
vs JKK
(%)
Expense
ratio
(bp)
Savings
vs JKK
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKK
(%)
IWO iShares Russell 2000 Growth 42.0 24 6 0.9 -0.2
VTWG Vanguard Russell 2000 Growth 41.0 20 10 0.9 -0.2
FNY First Trust Mid Cap Growth AlphaDEX 32.7 70 -40 3.6 +2.6
VBK Vanguard Small-Cap Growth ETF 31.1 7 23 2.8 +1.8
JHSC John Hancock Multifactor Small Cap 26.5 50 -20 5.7 +4.6
IWM iShares Russell 2000 23.8 19 11 3.6 +2.5
VTWO Vanguard Russell 2000 23.2 15 15 3.6 +2.6
SCHA Schwab U.S. Small-Cap 22.4 4 26 5.0 +3.9
SPSM SPDR Portfolio Small Cap 22.1 5 25 4.8 +3.7
FLQS Franklin LibertyQ U.S. Small Cap Equity 21.9 35 -5 6.2 +5.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 21.2 29 1 4.1 +3.1
SLYG SPDR S&P600 Small Cap Growth 20.9 15 15 4.6 +3.5
IJT iShares S&P 600 SmallCap Growth 20.8 25 5 4.5 +3.4
VIOG Vanguard S&P Small-Cap 600 Growth 20.5 20 10 4.5 +3.5
NUSC NuShares ESG Small-Cap 20.4 40 -10 5.0 +3.9
SLY SPDR S&P 600 Small Cap 19.8 15 15 5.7 +4.6
IJR iShares Core S&P Small-Cap 19.7 7 23 5.8 +4.7
ISMD Inspire Small/Mid Cap Impact 19.6 61 -31 4.6 +3.6
VIOO Vanguard S&P Small-Cap 600 19.2 15 15 5.8 +4.7
ESML iShares MSCI USA Small-Cap ESG Optimized 18.4 17 13 4.7 +3.7

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 Small 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 5.4 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 1.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.56
 
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.