ETF Research Center

iShares S&P Global Consumer Discretionary Sector Index Fund seeks results that correspond generally to the price and yield performance of the S&P Global Consumer Discretionary Index.

FUND BASICS
Category	Global Equities
Fund Sponsor	Barclays Global Fund Advisors
Website	www.ishares.com
Inception date	Sep 15, 2006
Assets (mns)	$209
Currency	USD
Expense ratio	46 bp
Distributions	Semi-Annually

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	150
Wgt avg mkt cap (mns)	$159,704
Large cap (>$10bn)	93.4%
Mid cap ($2-10bn)	6.5%
Small cap (<$2bn)	0.2%
Developed mkts	99.4%
Emerging mkts	0.7%

TOP TEN HOLDINGS
Total	39.4 %
AMAZON.COM INC	9.4 %
HOME DEPOT INC	6.2 %
TOYOTA MOTOR CORP	4.8 %
MCDONALD'S CORP	3.8 %
LVMH MOET HENNESSY LOUIS VUI	3.1 %
NIKE INC -CL B	3.0 %
STARBUCKS CORP	2.6 %
LOWE'S COS INC	2.4 %
BOOKING HOLDINGS INC.	2.1 %
SONY CORP	2.0 %

TOP COUNTRY EXPOSURE
	UNITED STATES	54.7 %
	JAPAN	16.8 %
	FRANCE	8.0 %
	GERMANY	5.5 %
	BRITAIN	4.5 %
	SWITZERLAND	1.7 %
	CANADA	1.6 %
	AUSTRALIA	1.4 %
	CHINA	1.2 %
	IRELAND	0.9 %

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.
23.7%	15.3%	9.1%	13.0%	8.0%

Market Correlations
versus...	Beta	R-squared
S&P500	1.02	83%
MSCI EAFE	1.10	81%
MSCI Emg. Mkts.	0.79	67%

Technical Indicators
Recent close	$122.80
30d moving avg.	$123.05
Annualized volatility	13.5%
Short interest (ETF)	0.2%
Relative strength (RSI)	53

Liquidity measures
Avg. volume (thou.)	15
Turnover	0.9%
Bid/Ask (% of price)	0.14%
ADV underlying (mns)	$25,969

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Global Consumer Discretionary ETF based on the alternatives' overlap in portfolio holdings with RXI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

RXI

Expense:

46 bp

ALTAR Score™:

6.8%

ALTERNATIVE ETFs BASED ON OVERLAP WITH RXI
Ticker	Fund Name	Overlap¹ vs RXI (%)	Expense ratio (bp)	Savings vs RXI (bp)	ALTAR Score™ (%)	ALTAR vs RXI (%)
XLY	Consumer Discretionary Select Sector SPDR	55.5	13	33	5.7	-1.0
VCR	Vanguard Consumer Discretionary	55.5	10	36	5.5	-1.3
FDIS	Fidelity MSCI Consumer Discrettionary	55.5	8	38	5.4	-1.3
IEDI	iShares Evolved U.S. Discretionary Spending	46.7	18	28	5.0	-1.7
JHMC	John Hancock Multifactor Consumer Discretionary	45.4	40	6	5.9	-0.8
IYC	iShares DJ US Consumer Services	43.7	42	4	5.1	-1.7
RCD	Invesco S&P Equal Weight Consumer Discretionary	36.6	40	6	8.4	+1.6
RTH	VanEck Vectors Retail	26.8	35	11	5.9	-0.9
FXD	First Trust Consumer Discretionary	22.0	64	-18	8.0	+1.2
SZNE	Pacer CFRA-Stovall Equal Weight Seasonal Rotation	19.4	60	-14	7.4	+0.6
FTXD	First Trust Nasdaq Retail	19.0	60	-14	6.5	-0.2
MILN	Global X Millennials Thematic	18.8	50	-4	2.9	-3.8
MGK	Vanguard Mega Cap 300 Growth	16.4	7	39	5.1	-1.7
EWJ	iShares MSCI Japan	15.9	47	-1	7.6	+0.8
BBJP	JPMorgan BetaBuilders Japan	15.9	19	27	7.8	+1.0
DBJP	Xtrackers MSCI Japan Hedged	15.7	45	1	7.6	+0.8
QRFT	Qraft Ai-Enhanced U.S. Large Cap ETF	15.5	75	-29	4.7	-2.1
TMFC	Motley Fool 100 Index	15.4	50	-4	4.3	-2.4
HFXJ	IQ 50 Percent Hedged FTSE Japan	15.4	30	16	7.7	+1.0
FLJP	Franklin FTSE Japan	15.2	9	37	7.9	+1.2

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

	2014	2015	2016	2017	2018	2019E	2020E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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 S&P Global Consumer Discretionary
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	17.3	%
Divided by: Fwd. P/BV	2.4	x
Less: Expense ratio	46	bp
Equals: ALTAR Score	6.8	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.53	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.