iShares MSCI Kokusai ETF
ALTAR
Score™
5.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.3x P/Sales
ratio
2.3x
P/BV
ratio
2.8x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Kokusai Index Fund seeks investment results that correspond to the price and yield of the MSCI Kokusai Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Dec 10, 2007
Assets (mns) $168
Currency USD
Expense ratio 25 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1283
Wgt avg mkt cap (mns) $327,024
Large cap (>$10bn) 94.1%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 4.5 %
MICROSOFT CORP 3.4 %
AMAZON.COM INC 2.9 %
FACEBOOK 1.4 %
ALPHABET INC. CLASS C 1.2 %
ALPHABET INC. CLASS A 1.2 %
JOHNSON & JOHNSON 0.9 %
TESLA MOTORS INC 0.8 %
JPMORGAN CHASE & CO 0.8 %
VISA INC-CLASS A SHARES 0.8 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.5 %
BRITAIN 5.2 %
SWITZERLAND 3.7 %
FRANCE 3.5 %
CANADA 3.4 %
GERMANY 3.0 %
AUSTRALIA 2.3 %
NETHERLANDS 1.8 %
IRELAND 1.5 %
HONG KONG 1.1 %

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.
-1.5% 4.7% 8.7% 9.1% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.99 98%
MSCI EAFE 1.05 92%
MSCI Emg. Mkts. 0.76 73%

Technical Indicators
Recent close $79.95
30d moving avg. $76.88
Annualized volatility 17.9%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $253,961

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Kokusai ETF ETF based on the alternatives' overlap in portfolio holdings with TOK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TOK Expense: 25 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TOK
Ticker Fund
Name
Overlap1
vs TOK
(%)
Expense
ratio
(bp)
Savings
vs TOK
(bp)
ALTAR
Score™
(%)
ALTAR
vs TOK
(%)
KOKU Xtrackers MSCI Kokusai Equity ETF 96.0 9 16 5.3 +0.1
URTH iShares MSCI World ETF 89.4 24 1 5.2 +0.1
ACWI iShares MSCI ACWI ETF 79.6 32 -7 5.4 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 74.1 20 5 5.6 +0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 73.9 20 5 5.6 +0.5
PBUS Invesco PureBeta MSCI USA ETF 71.0 4 21 4.9 -0.3
SCHB Schwab U.S. Broad Market ETF 70.9 3 22 4.8 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 70.9 3 22 4.7 -0.5
IYY iShares Dow Jones U.S. ETF 70.9 20 5 4.7 -0.5
SCHX Schwab U.S. Large-Cap ETF 70.8 3 22 4.8 -0.3
VTI Vanguard Total Stock Market Index Fund 70.7 3 22 4.7 -0.5
SCHK Schwab 1000 Index ETF 70.5 5 20 4.9 -0.3
IWV iShares Russell 3000 ETF 70.4 20 5 4.6 -0.6
IWB iShares Russell 1000 ETF 70.4 15 10 4.8 -0.4
VTHR Vanguard Russell 3000 Index Fund 70.4 10 15 4.7 -0.5
VONE Vanguard Russell 1000 ETF 70.4 8 17 4.8 -0.4
VT Vanguard Total World Stock Index Fund 69.2 8 17 5.7 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 69.2 2 23 4.9 -0.3
VV Vanguard Large-Cap Index Fund 68.9 4 21 4.9 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 68.3 7 18 4.9 -0.3
SFY SoFi Select 500 ETF 66.7 0 25 4.8 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 66.3 3 22 5.1 -0.0
PBP Invesco S&P 500 BuyWrite ETF 65.6 49 -24 4.7 -0.5
IVV iShares Core S&P 500 ETF 65.6 3 22 5.1 -0.1
SPLG SPDR Portfolio Large Cap ETF 65.6 3 22 5.1 -0.1
SPY SPDR S&P 500 ETF Trust 65.6 9 16 5.0 -0.2
HSPX Global X S&P 500 Covered Call ETF 65.6 60 -35 4.6 -0.6
VOO VANGUARD S&P 500 ETF 65.6 3 22 5.1 -0.1
JHML John Hancock Multifactor Large Cap ETF 65.5 29 -4 5.1 -0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 65.3 60 -35 4.7 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 64.5 20 5 5.0 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 63.7 27 -2 4.9 -0.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 63.5 25 0 5.7 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 61.7 42 -17 4.9 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 61.0 30 -5 5.7 +0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 60.7 9 16 5.3 +0.1
ESGV Vanguard ESG U.S. Stock ETF 60.3 12 13 4.8 -0.4
ESGU iShares MSCI USA ESG Optimized ETF 60.2 15 10 4.7 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 58.8 9 16 5.4 +0.3
AVUS Avantis U.S. Equity ETF 58.2 15 10 5.2 +0.0
MGC Vanguard Mega Cap Index Fund 57.5 7 18 4.8 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 56.9 27 -2 4.7 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 56.8 8 17 6.0 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 56.1 29 -4 4.8 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 56.0 27 -2 4.7 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 55.7 20 5 4.6 -0.5
IWL iShares Russell Top 200 ETF 55.4 15 10 4.7 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 55.1 12 13 4.2 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 54.1 0 25 4.8 -0.3
QUS SPDR MSCI USA StrategicFactors ETF 53.6 15 10 5.5 +0.3
PRF Invesco FTSE RAFI US 1000 ETF 53.5 39 -14 6.2 +1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 52.3 25 0 6.1 +0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 52.1 25 0 6.1 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 51.6 30 -5 6.1 +1.0
IUSG iShares Core S&P US Growth ETF 49.8 4 21 4.2 -1.0
IQSU IQ Candriam ESG US Equity ETF 49.4 9 16 4.8 -0.4
VOOG Vanguard S&P 500 Growth ETF 49.3 10 15 4.2 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 49.3 4 21 4.2 -1.0
IVW iShares S&P 500 Growth ETF 49.3 18 7 4.1 -1.1
SNPE Xtrackers S&P 500 ESG ETF 49.2 10 15 4.8 -0.4
EFIV SPDR S&P 500 ESG ETF 49.1 10 15 4.8 -0.4
IUS Invesco Strategic US ETF 49.0 19 6 5.8 +0.6
VLU SPDR S&P 1500 Value Tilt ETF 48.2 12 13 6.5 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 48.0 25 0 6.3 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 47.0 27 -2 5.2 +0.0
RWL Invesco S&P 500 Revenue ETF 46.5 39 -14 6.6 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 46.5 32 -7 4.8 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 45.0 60 -35 3.9 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 44.9 29 -4 5.2 +0.1
DTD WisdomTree U.S.Total Dividend Fund 44.5 28 -3 6.3 +1.1
OEF iShares S&P 100 ETF 43.4 20 5 4.6 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 43.0 28 -3 6.1 +0.9
IWF iShares Russell 1000 Growth ETF 43.0 19 6 3.7 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 42.9 8 17 3.8 -1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 42.4 15 10 5.9 +0.8
AFLG First Trust Active Factor Large Cap ETF 41.2 55 -30 4.9 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 41.0 9 16 5.5 +0.3
EXT WisdomTree U.S. Total Earnings Fund 41.0 28 -3 5.2 +0.1
KRMA Global X Conscious Companies ETF 40.8 43 -18 4.9 -0.3
EUSA iShares MSCI USA Equal Weighted ETF 40.4 15 10 5.6 +0.4
VONV Vanguard Russell 1000 Value Index Fund 40.3 8 17 6.5 +1.3
IWD iShares Russell 1000 Value ETF 40.2 19 6 6.3 +1.2
VUG Vanguard Growth Index Fund 39.9 4 21 3.7 -1.4
SIZE iShares MSCI USA Size Factor ETF 39.1 15 10 5.5 +0.4
RSP Invesco S&P 500 Equal Weight ETF 38.1 20 5 5.9 +0.8
IUSV iShares Core S&P U.S. Value ETF 37.9 4 21 6.9 +1.7
SCHV Schwab U.S. Large-Cap Value ETF 37.8 4 21 6.3 +1.2
VOOV Vanguard S&P 500 Value ETF 37.5 10 15 6.8 +1.6
IVE iShares S&P 500 Value ETF 37.5 18 7 6.7 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 37.5 4 21 6.8 +1.7
VEGN US Vegan Climate ETF 37.3 60 -35 4.7 -0.4
ROUS Hartford Multifactor US Equity ETF 37.0 19 6 6.2 +1.0
IWY iShares Russell Top 200 Growth ETF 36.9 20 5 3.8 -1.4
RNLC Large Cap US Equity Select ETF 36.8 60 -35 5.6 +0.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 36.6 34 -9 4.5 -0.7
DSI iShares MSCI KLD 400 Social ETF 36.5 25 0 4.8 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 36.2 35 -10 5.4 +0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 36.2 35 -10 5.4 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 36.1 75 -50 4.6 -0.6

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

  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

Content on this tab for subscribers only

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 Kokusai 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 14.0 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.48
 
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.