iShares Edge MSCI Multifactor USA ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.4x P/Sales
ratio
1.6x
P/BV
ratio
2.8x Div.
yield
1.6%


  • 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 28, 2015
Assets (mns) $836
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 142
Wgt avg mkt cap (mns) $210,773
Large cap (>$10bn) 88.3%
Mid cap ($2-10bn) 11.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.1 %
WAL-MART STORES INC 3.0 %
TARGET CORP 3.0 %
INTUIT INC 2.7 %
MICROSOFT CORP 2.6 %
INTEL CORP 2.6 %
ANTHEM INC 2.5 %
MICRON TECHNOLOGY INC 2.4 %
HUMANA INC 2.3 %
AT&T INC 1.9 %
Total 27.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
IRELAND 2.6 %
SWITZERLAND 1.7 %
BRITAIN 1.1 %
BERMUDA 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% 6.0% 9.7% -- 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.00 96%
MSCI EAFE 1.05 86%
MSCI Emg. Mkts. 0.75 70%

Technical Indicators
Recent close $34.76
30d moving avg. $33.73
Annualized volatility 18.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 78
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $69,850

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Edge MSCI Multifactor USA ETF 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™: 7.0%


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 ETF 43.3 35 -15 7.8 +0.8
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 34.9 25 -5 7.4 +0.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 33.8 20 0 7.3 +0.4
AFLG First Trust Active Factor Large Cap ETF 33.8 55 -35 5.2 -1.7
VLUE iShares Edge MSCI USA Value Factor ETF 33.0 15 5 11.1 +4.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 32.6 20 0 6.7 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 30.8 30 -10 6.4 -0.6
VALQ American Century STOXX U.S. Quality Value ETF 30.4 29 -9 8.7 +1.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.8 75 -55 3.7 -3.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 28.3 17 3 6.2 -0.8
ROUS Hartford Multifactor US Equity ETF 27.9 19 1 6.3 -0.7
SCIU Global X Scientific Beta US ETF 27.2 19 1 0.0 -7.0
ONEO SPDR Russell 1000 Momentum Focus ETF 27.1 20 0 6.2 -0.8
DSTL Distillate US Fundamental Stability & Value ETF 26.7 39 -19 5.9 -1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.5 17 3 6.6 -0.4
TPLC Timothy Plan US Large Cap Core ETF 25.9 52 -32 5.1 -1.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.2 9 11 5.3 -1.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.9 24 -4 5.9 -1.1
QLC FlexShares US Quality Large Cap Index Fund 24.7 32 -12 5.0 -2.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.5 19 1 5.8 -1.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 24.4 30 -10 5.4 -1.5
EXT WisdomTree U.S. Total Earnings Fund 24.1 28 -8 5.4 -1.6
JVAL JPMorgan U.S. Value Factor ETF 24.1 12 8 8.1 +1.2
JHMT John Hancock Multifactor Technology ETF 24.1 40 -20 4.7 -2.3
VOE Vanguard Mid-Cap Value Index Fund 23.7 7 13 7.4 +0.4
JHML John Hancock Multifactor Large Cap ETF 23.4 29 -9 5.3 -1.7
JHMM John Hancock Multifactor Mid Cap ETF 23.4 42 -22 5.3 -1.7
QUAL iShares MSCI Usa Quality Factor ETF 23.4 15 5 5.2 -1.8
FVAL Fidelity Value Factor ETF 23.3 29 -9 7.5 +0.5
FLRG Fidelity U.S. Multifactor ETF 23.3 29 -9 6.2 -0.7
JKI iShares Morningstar Mid-Cap Value ETF 23.3 30 -10 8.6 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 23.1 15 5 6.0 -1.0
RWL Invesco S&P 500 Revenue ETF 22.9 39 -19 7.0 +0.0
SIZE iShares Edge MSCI USA Size Factor ETF 22.7 15 5 5.9 -1.1
EUSA iShares MSCI USA Equal Weighted ETF 22.7 15 5 5.9 -1.0
IUS Invesco Strategic US ETF 22.6 19 1 6.3 -0.7
USMF WisdomTree U.S. Multifactor Fund 22.5 28 -8 5.7 -1.3
RNLC Large Cap US Equity Select ETF 22.5 60 -40 5.9 -1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 22.4 37 -17 5.8 -1.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 22.4 4 16 5.1 -1.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 22.3 35 -15 5.5 -1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 22.3 35 -15 5.5 -1.4
QDF FlexShares Quality Dividend Index Fund 22.3 37 -17 5.8 -1.2
RSP Invesco S&P 500 Equal Weight ETF 22.1 20 0 6.3 -0.6
FCPI Fidelity Stocks for Inflation ETF 22.0 29 -9 6.2 -0.7
REVS Columbia Research Enhanced Value ETF 21.9 19 1 7.6 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 21.8 25 -5 6.5 -0.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 21.6 29 -9 7.2 +0.3
GBGR Global Beta Momentum-Growth ETF 21.6 29 -9 5.2 -1.8
FTA First Trust Large Cap Value AlphaDEX Fund 21.6 60 -40 8.8 +1.9
QLV FlexShares US Quality Low Volatility Index Fund 21.4 22 -2 4.7 -2.3
FEX First Trust Large Cap Core AlphaDEX Fund 21.3 60 -40 5.7 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 21.3 15 5 5.7 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 21.2 8 12 6.2 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 21.1 15 5 6.0 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 21.0 39 -19 6.6 -0.4
IWS iShares Russell Mid-Cap Value ETF 21.0 24 -4 6.7 -0.2
AVUS Avantis U.S. Equity ETF 21.0 15 5 5.4 -1.6
VO Vanguard Mid-Cap Index Fund 20.9 4 16 5.0 -2.0
RYT Invesco S&P 500 Equal Weight Technology ETF 20.7 40 -20 6.5 -0.4
FVL First Trust Value Line 100 Exchange-Traded Fund 20.6 70 -50 5.2 -1.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 20.6 52 -32 4.9 -2.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 20.6 25 -5 6.5 -0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 20.5 9 11 5.8 -1.2
SYV SPDR MFS Systematic Value Equity ETF 20.3 60 -40 7.2 +0.2
VEGN US Vegan Climate ETF 20.3 60 -40 4.9 -2.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 20.2 15 5 4.1 -2.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.0 35 -15 5.3 -1.7
SPVM Invesco S&P 500 Value with Momentum ETF 19.8 39 -19 8.6 +1.6
SUSA iShares MSCI USA ESG Select ETF 19.8 25 -5 4.6 -2.4
CATH Global X S&P 500 Catholic Values Custom ETF 19.8 29 -9 4.9 -2.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 19.7 18 2 6.0 -1.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 19.7 59 -39 4.2 -2.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 19.7 35 -15 4.4 -2.5
KRMA Global X Conscious Companies ETF 19.6 43 -23 5.0 -2.0
VLU SPDR S&P 1500 Value Tilt ETF 19.6 12 8 7.1 +0.2
SYG SPDR MFS Systematic Growth Equity ETF 19.4 60 -40 3.9 -3.0
VUSE Vident Core US Equity Fund 19.4 48 -28 8.6 +1.7
SPGP Invesco S&P 500 GARP ETF 19.4 34 -14 6.6 -0.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 19.4 35 -15 7.0 +0.1
SPHQ Invesco S&P 500 Quality ETF 19.3 15 5 4.4 -2.5
STLC iShares Factors US Blend Style ETF 19.3 25 -5 5.1 -1.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.2 29 -9 5.8 -1.2
IWR iShares Russell Midcap ETF 19.2 19 1 5.3 -1.7
JQUA JPMorgan U.S. Quality Factor ETF 19.1 12 8 5.2 -1.7
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 19.0 57 -37 5.0 -2.0
RFFC RiverFront Dynamic US Flex-Cap ETF 18.9 52 -32 4.8 -2.2
ONEY SPDR Russell 1000 Yield Focus ETF 18.9 20 0 8.6 +1.6
RPG Invesco S&P 500 Pure Growth ETF 18.8 35 -15 4.3 -2.7
RECS Columbia Research Enhanced Core ETF 18.8 15 5 5.5 -1.5
RBUS Nationwide Risk-Based U.S. Equity ETF 18.8 30 -10 4.6 -2.4
DIVB iShares U.S. Dividend & Buyback ETF 18.7 25 -5 6.6 -0.3
PBP Invesco S&P 500 BuyWrite ETF 18.7 49 -29 4.8 -2.2
SPXN ProShares S&P 500 Ex-Financials ETF 18.7 27 -7 4.7 -2.2
HSPX Global X S&P 500 Covered Call ETF 18.6 60 -40 4.8 -2.2
PBUS Invesco PureBeta MSCI USA ETF 18.6 4 16 5.0 -2.0
XYLG Global X S&P 500 Covered Call & Growth ETF 18.4 60 -40 4.8 -2.2
SPXE ProShares S&P 500 Ex-Energy ETF 18.4 27 -7 5.0 -1.9
VFMF Vanguard U.S. Multifactor ETF 18.3 19 1 7.1 +0.2

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 Edge MSCI Multifactor USA ETF
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 17.9 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.