iShares MSCI Kokusai ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.0x P/Sales
ratio
2.0x
P/BV
ratio
2.4x Div.
yield
2.3%


  • 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 12, 2007
Assets (mns) $141
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 1320
Wgt avg mkt cap (mns) $257,733
Large cap (>$10bn) 93.3%
Mid cap ($2-10bn) 6.5%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 3.7 %
MICROSOFT CORP 3.5 %
AMAZON.COM INC 2.7 %
FACEBOOK 1.4 %
ALPHABET INC. CLASS C 1.2 %
ALPHABET INC. CLASS A 1.1 %
JOHNSON & JOHNSON 1.0 %
VISA INC-CLASS A SHARES 0.9 %
NESTLE SA-REG 0.9 %
JPMORGAN CHASE & CO 0.8 %
Total 17.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.2 %
BRITAIN 5.4 %
SWITZERLAND 3.8 %
CANADA 3.4 %
FRANCE 3.3 %
GERMANY 2.9 %
AUSTRALIA 2.1 %
NETHERLANDS 1.6 %
IRELAND 1.4 %
HONG KONG 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.3% 7.4% 6.3% 9.9% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.99 98%
MSCI EAFE 1.04 92%
MSCI Emg. Mkts. 0.77 77%

Technical Indicators
Recent close $68.95
30d moving avg. $64.02
Annualized volatility 17.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.9%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $333,218

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.8%


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
(%)
URTH iShares MSCI World ETF 88.2 24 1 5.9 +0.1
ACWI iShares MSCI ACWI ETF 79.8 32 -7 6.1 +0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 72.6 20 5 6.4 +0.6
LOWC SPDR MSCI ACWI Low Carbon Target ETF 72.6 20 5 6.5 +0.7
VT Vanguard Total World Stock Index Fund 71.1 8 17 6.3 +0.6
PBUS Invesco PureBeta MSCI USA ETF 70.6 4 21 5.4 -0.4
SCHB Schwab U.S. Broad Market ETF 70.5 3 22 5.4 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 70.5 3 22 5.3 -0.5
VTI Vanguard Total Stock Market Index Fund 70.5 3 22 5.3 -0.5
SCHK Schwab 1000 Index ETF 70.5 5 20 5.4 -0.4
IYY iShares Dow Jones U.S. ETF 70.5 20 5 5.3 -0.5
SCHX Schwab U.S. Large-Cap ETF 70.4 3 22 5.4 -0.4
VONE Vanguard Russell 1000 ETF 70.1 8 17 5.4 -0.4
IWB iShares Russell 1000 ETF 70.1 15 10 5.3 -0.5
IWV iShares Russell 3000 ETF 70.1 20 5 5.2 -0.6
VTHR Vanguard Russell 3000 Index Fund 70.1 10 15 5.3 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 69.4 2 23 5.4 -0.3
VV Vanguard Large-Cap Index Fund 69.1 4 21 5.4 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 67.6 3 22 5.6 -0.2
IVV iShares Core S&P 500 ETF 66.8 4 21 5.5 -0.3
SPLG SPDR Portfolio Large Cap ETF 66.8 3 22 5.5 -0.3
SPY SPDR S&P 500 ETF Trust 66.8 9 16 5.5 -0.3
PBP Invesco S&P 500 BuyWrite ETF 66.8 49 -24 5.1 -0.7
HSPX Global X S&P 500 Covered Call ETF 66.6 65 -40 5.0 -0.8
VOO VANGUARD S&P 500 ETF 66.6 3 22 5.5 -0.2
SFY SoFi Select 500 ETF 66.5 0 25 5.4 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 66.4 25 0 6.2 +0.4
JHML John Hancock Multifactor Large Cap ETF 66.0 34 -9 5.6 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 64.8 27 -2 5.4 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 64.7 20 5 5.5 -0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 61.8 42 -17 5.7 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 61.4 30 -5 6.1 +0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.3 9 16 5.6 -0.2
ESGV Vanguard ESG U.S. Stock ETF 59.5 12 13 5.3 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 59.1 9 16 6.3 +0.5
AVUS Avantis U.S. Equity ETF 59.0 15 10 5.8 +0.1
MGC Vanguard Mega Cap Index Fund 58.8 7 18 5.3 -0.4
SPXN ProShares S&P 500 Ex-Financials ETF 58.1 27 -2 5.1 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 58.1 8 17 6.5 +0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 56.6 27 -2 5.2 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 56.4 29 -4 5.3 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 56.4 20 5 5.1 -0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 56.2 12 13 5.1 -0.7
IWL iShares Russell Top 200 ETF 55.1 15 10 5.2 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 55.1 15 10 5.2 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 55.0 15 10 5.9 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 54.5 39 -14 6.8 +1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 54.5 25 0 6.6 +0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 54.4 25 0 6.6 +0.8
IUS Invesco Strategic US ETF 51.5 19 6 6.2 +0.5
SNPE Xtrackers S&P 500 ESG ETF 51.2 11 14 5.2 -0.6
RWL Invesco S&P 500 Revenue ETF 50.9 39 -14 6.8 +1.1
VLU SPDR S&P 1500 Value Tilt ETF 49.6 12 13 7.4 +1.6
IUSG iShares Core S&P US Growth ETF 49.4 4 21 4.5 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 49.2 27 -2 5.7 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.2 30 -5 6.8 +1.0
IQSU IQ Candriam ESG US Equity ETF 49.0 9 16 5.3 -0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 48.9 4 21 4.5 -1.3
IVW iShares S&P 500 Growth ETF 48.9 18 7 4.3 -1.4
VOOG Vanguard S&P 500 Growth ETF 48.7 10 15 4.4 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 48.0 25 0 6.5 +0.7
DTD WisdomTree U.S.Total Dividend Fund 46.1 28 -3 6.6 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 46.0 8 17 4.4 -1.3
IWF iShares Russell 1000 Growth ETF 46.0 19 6 4.3 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 44.7 28 -3 6.4 +0.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 44.2 29 -4 4.3 -1.4
ESG FlexShares STOXX US ESG Impact Index Fund 44.2 32 -7 5.2 -0.6
OEF iShares S&P 100 ETF 44.1 20 5 5.0 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.5 29 -4 6.2 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.5 60 -35 4.5 -1.2
EXT WisdomTree U.S. Total Earnings Fund 42.4 28 -3 5.8 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.8 15 10 6.4 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 41.1 15 10 6.1 +0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 40.5 9 16 5.9 +0.2
IUSV iShares Core S&P U.S. Value ETF 40.4 4 21 7.4 +1.6
AFLG First Trust Active Factor Large Cap ETF 40.3 55 -30 5.6 -0.2
SIZE iShares Edge MSCI USA Size Factor ETF 40.3 15 10 6.0 +0.2
DGRO iShares Core Dividend Growth ETF 40.1 8 17 6.5 +0.8
VOOV Vanguard S&P 500 Value ETF 40.0 15 10 7.2 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 40.0 4 21 7.3 +1.6
IVE iShares S&P 500 Value ETF 40.0 18 7 7.2 +1.4
SCHG Schwab U.S. Large-Cap Growth ETF 39.4 4 21 4.3 -1.5
VUG Vanguard Growth Index Fund 39.2 4 21 4.2 -1.6
KRMA Global X Conscious Companies ETF 39.1 43 -18 5.3 -0.5
RSP Invesco S&P 500 Equal Weight ETF 38.9 20 5 6.9 +1.1
RECS Columbia Research Enhanced Core ETF 38.7 15 10 5.7 -0.1
IWY iShares Russell Top 200 Growth ETF 38.3 20 5 4.3 -1.5
NACP Impact Shares NAACP Minority Empowerment ETF 38.0 75 -50 4.6 -1.1
RNLC Large Cap US Equity Select ETF 37.5 60 -35 6.2 +0.5
DSI iShares MSCI KLD 400 Social ETF 36.5 25 0 5.3 -0.5
VEGN US Vegan Climate ETF 36.4 60 -35 5.3 -0.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 35.9 34 -9 5.2 -0.6
XLG Invesco S&P 500 Top 50 ETF 35.8 20 5 4.7 -1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 35.6 25 0 6.0 +0.3
ROUS Hartford Multifactor US Equity ETF 35.5 19 6 7.2 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 35.3 10 15 5.4 -0.3
IWD iShares Russell 1000 Value ETF 35.2 19 6 7.1 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.2 10 15 5.5 -0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 35.2 75 -50 4.6 -1.2
VONV Vanguard Russell 1000 Value Index Fund 35.0 8 17 7.2 +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 MSCI Kokusai ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.