iShares Edge MSCI Multifactor USA ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
2.0x
P/BV
ratio
3.4x Div.
yield
1.3%


  • 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) $901
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 164
Wgt avg mkt cap (mns) $239,570
Large cap (>$10bn) 91.4%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.3 %
INTEL CORP 3.1 %
MICRON TECHNOLOGY INC 2.6 %
MICROSOFT CORP 2.5 %
TARGET CORP 2.4 %
WAL-MART STORES INC 2.4 %
ANTHEM INC 2.1 %
ACTIVISION BLIZZARD INC 2.0 %
AMAZON.COM INC 2.0 %
REGENERON PHARMACEUTICALS 1.6 %
Total 24.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.5 %
IRELAND 3.3 %
SWITZERLAND 1.7 %
BRITAIN 1.6 %
BERMUDA 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% 11.1% 11.6% -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 0.99 96%
MSCI EAFE 0.94 84%
MSCI Emg. Mkts. 0.77 72%

Technical Indicators
Recent close $38.60
30d moving avg. $37.50
Annualized volatility 19.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 107
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $73,319

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.2%


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 MSCI Global Multifactor ETF 45.0 35 -15 6.9 +0.7
AFLG First Trust Active Factor Large Cap ETF 38.4 55 -35 4.8 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 34.3 20 0 6.2 +0.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 32.6 20 0 6.7 +0.5
VALQ American Century STOXX U.S. Quality Value ETF 32.4 29 -9 7.9 +1.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 32.2 17 3 5.7 -0.5
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 32.0 25 -5 6.9 +0.7
JOET Virtus Terranova US Quality Momentum ETF 31.1 29 -9 4.7 -1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 30.3 20 0 5.6 -0.5
ROUS Hartford Multifactor US Equity ETF 30.3 19 1 5.9 -0.3
VLUE iShares MSCI USA Value Factor ETF 29.7 15 5 9.8 +3.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 29.0 17 3 6.1 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.1 30 -10 5.3 -0.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.8 24 -4 5.5 -0.7
JHMT John Hancock Multifactor Technology ETF 27.0 40 -20 4.1 -2.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.9 9 11 4.9 -1.3
TPLC Timothy Plan US Large Cap Core ETF 26.8 52 -32 4.5 -1.7
DSTL Distillate US Fundamental Stability & Value ETF 26.8 39 -19 5.7 -0.5
JHMM John Hancock Multifactor Mid Cap ETF 26.3 42 -22 4.7 -1.4
FLQL Franklin LibertyQ U.S. Equity ETF 26.3 15 5 6.0 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 26.1 19 1 5.4 -0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 25.8 35 -15 5.1 -1.1
RESP WisdomTree US ESG Fund of Benef Interest 25.7 28 -8 5.2 -1.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 25.7 35 -15 5.1 -1.1
QLC FlexShares US Quality Large Cap Index Fund 25.7 32 -12 4.5 -1.7
QUAL iShares MSCI Usa Quality Factor ETF 25.7 15 5 5.1 -1.1
FEX First Trust Large Cap Core AlphaDEX Fund 25.5 60 -40 4.7 -1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 25.5 29 -9 7.3 +1.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 25.4 60 -40 4.7 -1.5
JHML John Hancock Multifactor Large Cap ETF 25.2 29 -9 4.9 -1.3
SIZE iShares MSCI USA Size Factor ETF 25.2 15 5 5.2 -1.0
RSP Invesco S&P 500 Equal Weight ETF 25.0 20 0 5.6 -0.6
USMF WisdomTree U.S. Multifactor Fund 24.8 28 -8 5.5 -0.7
EUSA iShares MSCI USA Equal Weighted ETF 24.8 15 5 5.1 -1.0
JVAL JPMorgan U.S. Value Factor ETF 24.6 12 8 7.2 +1.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 24.5 30 -10 5.4 -0.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 23.9 29 -9 6.1 -0.1
RNLC Large Cap US Equity Select ETF 23.9 60 -40 5.3 -0.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 23.9 4 16 4.9 -1.3
FVAL Fidelity Value Factor ETF 23.8 29 -9 6.9 +0.8
FLRG Fidelity U.S. Multifactor ETF 23.7 29 -9 6.0 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 23.5 8 12 6.0 -0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 23.5 37 -17 5.6 -0.6
VO Vanguard Mid-Cap Index Fund 23.4 4 16 4.6 -1.6
VOE Vanguard Mid-Cap Value Index Fund 23.4 7 13 6.6 +0.5
SPHQ Invesco S&P 500 Quality ETF 23.3 15 5 4.5 -1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 22.9 18 2 5.6 -0.6
QDF FlexShares Quality Dividend Index Fund 22.8 37 -17 5.6 -0.6
FTA First Trust Large Cap Value AlphaDEX Fund 22.7 60 -40 7.4 +1.2
AVUS Avantis U.S. Equity ETF 22.7 15 5 4.9 -1.3
KRMA Global X Conscious Companies ETF 22.6 43 -23 4.9 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 22.4 15 5 5.3 -0.9
STLC iShares Factors US Blend Style ETF 22.2 25 -5 4.9 -1.3
SPGP Invesco S&P 500 GARP ETF 22.1 34 -14 6.3 +0.1
FCPI Fidelity Stocks for Inflation ETF 22.1 29 -9 5.8 -0.4
REVS Columbia Research Enhanced Value ETF 22.0 19 1 6.7 +0.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 21.9 35 -15 6.7 +0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 21.7 40 -20 5.8 -0.4
ESGV Vanguard ESG U.S. Stock ETF 21.6 12 8 4.6 -1.6
IWS iShares Russell Mid-Cap Value ETF 21.6 24 -4 6.0 -0.2
IUS Invesco Strategic US ETF 21.5 19 1 5.5 -0.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 21.3 9 11 5.0 -1.2
RWL Invesco S&P 500 Revenue ETF 21.3 39 -19 6.3 +0.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.2 75 -55 2.1 -4.1
IWR iShares Russell Midcap ETF 21.1 19 1 4.7 -1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 21.1 35 -15 4.4 -1.8
RBUS Nationwide Risk-Based U.S. Equity ETF 21.1 30 -10 4.6 -1.5
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 21.1 59 -39 4.1 -2.1
CATH Global X S&P 500 Catholic Values Custom ETF 21.0 29 -9 4.7 -1.5
JQUA JPMorgan U.S. Quality Factor ETF 20.9 12 8 5.1 -1.1
RECS Columbia Research Enhanced Core ETF 20.5 15 5 5.2 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.5 35 -15 5.1 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 20.5 15 5 5.8 -0.4
SUSA iShares MSCI USA ESG Select ETF 20.5 25 -5 4.3 -1.9
SYV SPDR MFS Systematic Value Equity ETF 20.3 60 -40 6.0 -0.2
RFFC RiverFront Dynamic US Flex-Cap ETF 20.3 52 -32 4.5 -1.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 20.2 52 -32 5.0 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 20.2 25 -5 5.8 -0.4
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 20.2 69 -49 4.1 -2.0
FUNL CornerCap Fundametrics Large-Cap ETF 20.1 50 -30 7.2 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.1 60 -40 3.7 -2.5
SPMO Invesco S&P 500 Momentum ETF 20.0 13 7 4.0 -2.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.0 29 -9 6.0 -0.1
DFAU Dimensional US Core Equity Market ETF 19.9 12 8 4.7 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 19.9 30 -10 5.1 -1.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 19.8 37 -17 5.4 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 19.8 27 -7 4.5 -1.7
PBUS Invesco PureBeta MSCI USA ETF 19.7 4 16 4.7 -1.5
SPVM Invesco S&P 500 Value with Momentum ETF 19.6 39 -19 7.8 +1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 19.6 20 0 4.9 -1.3
VFMF Vanguard U.S. Multifactor ETF 19.5 19 1 6.2 +0.1
PBP Invesco S&P 500 BuyWrite ETF 19.5 49 -29 4.4 -1.8
SPXE ProShares S&P 500 Ex-Energy ETF 19.4 27 -7 4.7 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 19.4 15 5 4.5 -1.7
VOO VANGUARD S&P 500 ETF 19.3 3 17 4.9 -1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 19.3 60 -40 4.4 -1.7
SPLG SPDR Portfolio Large Cap ETF 19.3 3 17 4.8 -1.3
SPY SPDR S&P 500 ETF Trust 19.2 9 11 4.8 -1.4

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 18.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.49
 
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.