iShares FactorSelect MSCI USA
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.5x P/Sales
ratio
1.5x
P/BV
ratio
2.6x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares FactorSelect MSCI USA ETF tracks an index of US large- and midcap equities. Stocks are selected and weighted to increase exposure to 4 factors (quality, value, momentum and size) while maintaining similar characteristics to the MSCI USA index.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 30, 2015
Assets (mns) $925
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 162
Wgt avg mkt cap (mns) $103,406
Large cap (>$10bn) 86.5%
Mid cap ($2-10bn) 13.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTEL CORP 3.3 %
AT&T INC 2.9 %
ANTHEM INC 2.2 %
INTUIT INC 2.1 %
BIOGEN IDEC INC 2.1 %
TARGET CORP 2.1 %
PHILLIPS 66 2.0 %
APPLE INC 1.9 %
MICRON TECHNOLOGY INC 1.9 %
NORFOLK SOUTHERN CORP 1.9 %
Total 22.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
IRELAND 2.3 %
SWITZERLAND 1.6 %
BRITAIN 1.3 %
SINGAPORE 0.2 %
BERMUDA 0.2 %





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.
19.3% 8.8% -- -- 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.04 94%
MSCI EAFE 0.91 61%
MSCI Emg. Mkts. 0.59 43%

Technical Indicators
Recent close $33.52
30d moving avg. $32.30
Annualized volatility 12.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 176
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $38,114

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: LRGF Expense: 20 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LRGF
Ticker Fund
Name
Overlap1
vs LRGF
(%)
Expense
ratio
(bp)
Savings
vs LRGF
(bp)
ALTAR
Score™
(%)
ALTAR
vs LRGF
(%)
ACWF iShares FactorSelect MSCI Global 41.0 35 -15 8.1 +0.8
VLUE iShares MSCI USA Value Factor 31.7 15 5 10.7 +3.4
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 31.2 25 -5 7.6 +0.3
VALQ American Century STOXX U.S. Quality Value 29.9 29 -9 7.6 +0.3
ONEV SPDR Russell 1000 Low Volatility Focus 29.9 20 0 6.9 -0.4
FLQL Franklin LibertyQ U.S. Equity 29.8 15 5 6.9 -0.5
FTA First Trust Large Cap Value 29.8 62 -42 8.5 +1.2
ULVM USAA MSCI USA Value Momentum Blend Index 29.7 20 0 7.7 +0.4
QLC FlexShares US Quality Large Cap 28.8 32 -12 6.5 -0.8
DYNF BlackRock U.S. Equity Factor Rotation 28.5 30 -10 6.5 -0.8
VOE Vanguard Mid-Cap Value 27.1 7 13 7.6 +0.2
FEX First Trust Large Cap Core Alphadex 26.7 61 -41 6.4 -1.0
VO Vanguard Mid-Cap ETF 26.6 4 16 5.8 -1.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core 26.3 17 3 7.0 -0.4
OVLU Invesco Russell 1000 Value Factor ETF 26.2 19 1 7.8 +0.5
ONEY SPDR Russell 1000 Yield Focus 25.9 20 0 8.1 +0.8
SCIU Global X Scientific Beta US 25.7 19 1 5.7 -1.6
DSTL Distillate US Fundamental Stability & Value 25.7 39 -19 7.2 -0.2
JVAL JPMorgan U.S. Value Factor 25.6 12 8 8.5 +1.1
EUSA iShares MSCI USA Equal Weight 25.5 15 5 6.5 -0.9

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 FactorSelect MSCI USA
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.