iShares MSCI USA ESG Select ETF
ALTAR
Score™		 4.8% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 25.3x P/Sales
ratio		 2.3x
P/BV
ratio		 4.0x Div.
yield		 1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI USA ESG Select Social Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of approximately 250 companies within the MSCI USA Index that are determined to have positive environmental, social, and governance characteristics.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 24, 2005
Assets (mns) $1,501
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 144
Wgt avg mkt cap (mns) $299,893
Large cap (>$10bn) 95.5%
Mid cap ($2-10bn) 4.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 5.6 %
MICROSOFT CORP 5.3 %
ACCENTURE PLC-CL A 3.0 %
ALPHABET INC. CLASS A 3.0 %
SALESFORCE.COM INC 2.9 %
3M CO 2.0 %
HOME DEPOT INC 2.0 %
BLACKROCK INC 1.9 %
ALPHABET INC. CLASS C 1.9 %
CUMMINS INC 1.9 %
Total 29.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.1 %
IRELAND 5.2 %
BRITAIN 0.7 %
SWITZERLAND 0.3 %
ARGENTINA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.5% 11.6% 11.2% 13.2% 8.2%

Market Correlations
versus... Beta R-squared
S&P500 0.98 98%
MSCI EAFE 0.97 85%
MSCI Emg. Mkts. 0.70 70%

Technical Indicators
Recent close $137.08
30d moving avg. $133.71
Annualized volatility 16.7%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 60
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $138,641

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI USA ESG Select ETF ETF based on the alternatives' overlap in portfolio holdings with SUSA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SUSA Expense: 25 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SUSA
Ticker Fund
Name		 Overlap1
vs SUSA
(%)		 Expense
ratio
(bp)		 Savings
vs SUSA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SUSA
(%)
ESGU iShares MSCI USA ESG Optimized ETF 51.2 15 10 5.1 +0.3
DSI iShares MSCI KLD 400 Social ETF 50.8 25 0 5.1 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 50.4 10 15 5.3 +0.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.4 10 15 5.2 +0.5
IQSU IQ Candriam ESG US Equity ETF 45.9 9 16 5.0 +0.2
KRMA Global X Conscious Companies ETF 44.8 43 -18 5.1 +0.4
NULC Nuveen ESG Large-Cap ETF 44.6 20 5 4.9 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.3 20 5 4.9 +0.1
SNPE Xtrackers S&P 500 ESG ETF 43.8 11 14 5.0 +0.3
MGC Vanguard Mega Cap Index Fund 43.1 7 18 5.2 +0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 43.1 0 25 5.2 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 42.8 7 18 5.2 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 42.6 32 -7 5.0 +0.2
IWL iShares Russell Top 200 ETF 42.4 15 10 5.0 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 42.4 2 23 5.3 +0.5
PBP Invesco S&P 500 BuyWrite ETF 42.4 49 -24 5.0 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 42.4 49 -24 4.0 -0.7
PBUS Invesco PureBeta MSCI USA ETF 42.3 4 21 5.2 +0.5
VV Vanguard Large-Cap Index Fund 42.2 4 21 5.2 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 42.2 27 -2 5.3 +0.5
ESGV Vanguard ESG U.S. Stock ETF 42.1 12 13 5.1 +0.4
HSPX Global X S&P 500 Covered Call ETF 42.1 65 -40 4.9 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.1 20 5 5.3 +0.5
SPY SPDR S&P 500 ETF Trust 41.9 9 16 5.3 +0.5
IVV iShares Core S&P 500 ETF 41.8 4 21 5.4 +0.6
SPLG SPDR Portfolio Large Cap ETF 41.8 3 22 5.4 +0.6
SPXN ProShares S&P 500 Ex-Financials ETF 41.7 27 -2 4.9 +0.1
VOO VANGUARD S&P 500 ETF 41.7 3 22 5.4 +0.6
SCHX Schwab U.S. Large-Cap ETF 41.6 3 22 5.2 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 41.1 29 -4 5.2 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.0 9 16 5.5 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 40.8 27 -2 4.9 +0.2
SCHK Schwab 1000 Index ETF 40.7 5 20 5.2 +0.5
VONE Vanguard Russell 1000 ETF 40.5 8 17 5.2 +0.5
IYY iShares Dow Jones U.S. ETF 40.4 20 5 5.1 +0.4
IWB iShares Russell 1000 ETF 40.4 15 10 5.1 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 40.3 8 17 4.1 -0.6
SPYG SPDR Portfolio S&P 500 Growth ETF 40.3 4 21 4.2 -0.5
IVW iShares S&P 500 Growth ETF 40.3 18 7 4.1 -0.7
VOOG Vanguard S&P 500 Growth ETF 40.2 10 15 4.2 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 40.0 60 -35 4.3 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 39.9 3 22 5.5 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 39.8 12 13 4.9 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 39.6 75 -50 4.4 -0.3
OEF iShares S&P 100 ETF 39.4 20 5 4.7 -0.1
IUSG iShares Core S&P US Growth ETF 39.3 4 21 4.3 -0.5
IWY iShares Russell Top 200 Growth ETF 39.2 20 5 4.0 -0.8
SCHB Schwab U.S. Broad Market ETF 39.1 3 22 5.2 +0.4
IWF iShares Russell 1000 Growth ETF 38.9 19 6 4.0 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.9 3 22 5.1 +0.4
VTHR Vanguard Russell 3000 Index Fund 38.8 10 15 5.1 +0.3
EXT WisdomTree U.S. Total Earnings Fund 38.8 28 -3 5.2 +0.4
IWV iShares Russell 3000 ETF 38.6 20 5 5.0 +0.3
VTI Vanguard Total Stock Market Index Fund 38.5 3 22 5.1 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 38.4 8 17 6.5 +1.7
JQUA JPMorgan U.S. Quality Factor ETF 38.0 12 13 5.2 +0.5
FQAL Fidelity Quality Factor ETF 37.7 29 -4 5.4 +0.7
SFY SoFi Select 500 ETF 37.6 0 25 5.2 +0.4
RECS Columbia Research Enhanced Core ETF 37.5 15 10 5.6 +0.8
VEGN US Vegan Climate ETF 37.0 60 -35 5.1 +0.4
VUG Vanguard Growth Index Fund 36.9 4 21 3.9 -0.8
MGK Vanguard Mega Cap Growth ETF 36.2 7 18 4.0 -0.8
XLG Invesco S&P 500 Top 50 ETF 36.2 20 5 4.4 -0.4
JHML John Hancock Multifactor Large Cap ETF 36.1 29 -4 5.5 +0.8
SCHG Schwab U.S. Large-Cap Growth ETF 35.8 4 21 4.0 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 35.7 75 -50 4.5 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 35.3 25 0 6.6 +1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 35.3 28 -3 6.4 +1.6
QUS SPDR MSCI USA StrategicFactors ETF 35.3 15 10 5.8 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 35.2 75 -50 3.7 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.6 15 10 6.2 +1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.5 19 6 5.6 +0.9
NULV Nuveen ESG Large-Cap Value ETF 34.2 35 -10 7.4 +2.7
AVUS Avantis U.S. Equity ETF 33.8 15 10 5.7 +1.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 33.7 49 -24 5.1 +0.4
IGM iShares Expanded Tech Sector ETF 33.6 46 -21 3.7 -1.1
IETC iShares Evolved U.S. Technology ETF 33.6 18 7 3.7 -1.1
FDMO Fidelity Momentum Factor ETF 33.5 29 -4 3.7 -1.0
AFLG First Trust Active Factor Large Cap ETF 33.5 55 -30 5.5 +0.8
ECOZ TrueMark ESG Active Opportunities ETF 33.4 58 -33 4.2 -0.5
IUS Invesco Strategic US ETF 33.3 19 6 6.7 +1.9
TMFC Motley Fool 100 Index ETF 33.3 50 -25 3.6 -1.1
QYLD Global X NASDAQ 100 Covered Call ETF 33.1 60 -35 3.5 -1.3
NUSI Nationwide Risk-Managed Income ETF 33.1 68 -43 3.4 -1.4
QUAL iShares MSCI Usa Quality Factor ETF 33.0 15 10 5.4 +0.6
QQQ Invesco QQQ Trust 33.0 20 5 3.7 -1.1
DTD WisdomTree U.S.Total Dividend Fund 32.8 28 -3 6.7 +1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 32.7 25 0 6.6 +1.8
QLC FlexShares US Quality Large Cap Index Fund 32.3 32 -7 5.3 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 32.2 21 4 2.8 -1.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 31.9 42 -17 5.4 +0.6
TOK iShares MSCI Kokusai ETF 31.7 25 0 5.5 +0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 31.7 9 16 5.7 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.5 30 -5 6.5 +1.8
FVAL Fidelity Value Factor ETF 31.3 29 -4 8.0 +3.3
DGRO iShares Core Dividend Growth ETF 31.2 8 17 6.7 +1.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.2 15 10 4.0 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 31.1 25 0 6.6 +1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 31.0 25 0 6.6 +1.8
FDLO Fidelity Low Volatility Factor ETF 30.8 29 -4 5.1 +0.4

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

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.6 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.52
 
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.