iShares MSCI Kokusai ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
20.4x P/Sales
ratio
2.2x
P/BV
ratio
2.7x Div.
yield
2.0%


  • 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) $166
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 1281
Wgt avg mkt cap (mns) $350,820
Large cap (>$10bn) 96.0%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 4.3 %
MICROSOFT CORP 3.5 %
AMAZON.COM INC 2.7 %
FACEBOOK 1.3 %
ALPHABET INC. CLASS C 1.3 %
ALPHABET INC. CLASS A 1.3 %
TESLA MOTORS INC 1.0 %
JPMORGAN CHASE & CO 0.9 %
JOHNSON & JOHNSON 0.9 %
VISA INC-CLASS A SHARES 0.7 %
Total 17.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.7 %
BRITAIN 5.3 %
CANADA 3.5 %
SWITZERLAND 3.5 %
FRANCE 3.4 %
GERMANY 3.0 %
AUSTRALIA 2.3 %
NETHERLANDS 1.7 %
IRELAND 1.5 %
HONG KONG 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.1% 29.6% 14.5% 9.9% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.00 98%
MSCI EAFE 0.97 91%
MSCI Emg. Mkts. 0.78 74%

Technical Indicators
Recent close $85.34
30d moving avg. $85.98
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $328,546

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 5.0%


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 96.9 9 16 5.2 +0.2
URTH iShares MSCI World ETF 89.8 24 1 5.1 +0.1
ACWI iShares MSCI ACWI ETF 79.2 32 -7 5.2 +0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 74.1 20 5 5.4 +0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 73.4 20 5 5.4 +0.4
PBUS Invesco PureBeta MSCI USA ETF 71.3 4 21 4.8 -0.2
SCHB Schwab U.S. Broad Market ETF 71.1 3 22 4.6 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 71.1 3 22 4.6 -0.4
SCHK Schwab 1000 Index ETF 71.1 5 20 4.7 -0.4
IYY iShares Dow Jones U.S. ETF 71.1 20 5 4.6 -0.4
SCHX Schwab U.S. Large-Cap ETF 71.0 3 22 4.8 -0.3
VTI Vanguard Total Stock Market Index Fund 70.9 3 22 4.6 -0.5
IWV iShares Russell 3000 ETF 70.6 20 5 4.5 -0.6
IWB iShares Russell 1000 ETF 70.6 15 10 4.7 -0.4
VTHR Vanguard Russell 3000 Index Fund 70.5 10 15 4.6 -0.5
VONE Vanguard Russell 1000 ETF 70.5 8 17 4.7 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 69.5 2 23 4.8 -0.2
VT Vanguard Total World Stock ETF 69.5 8 17 5.5 +0.5
VV Vanguard Large-Cap Index Fund 69.0 4 21 4.8 -0.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 68.2 7 18 4.7 -0.3
DFAU Dimensional US Core Equity Market ETF 67.1 12 13 4.9 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 66.8 3 22 5.0 -0.1
SFY SoFi Select 500 ETF 66.5 0 25 4.8 -0.3
SPLG SPDR Portfolio Large Cap ETF 66.1 3 22 5.0 -0.1
SPY SPDR S&P 500 ETF Trust 66.1 9 16 4.9 -0.1
PBP Invesco S&P 500 BuyWrite ETF 66.1 49 -24 4.5 -0.5
XYLG Global X S&P 500 Covered Call & Growth ETF 66.1 60 -35 4.4 -0.6
IVV iShares Core S&P 500 ETF 66.1 3 22 4.9 -0.1
VOO VANGUARD S&P 500 ETF 66.0 3 22 4.9 -0.1
JHML John Hancock Multifactor Large Cap ETF 65.5 29 -4 5.0 -0.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 64.3 25 0 5.0 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 63.8 27 -2 4.8 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 63.6 20 5 4.9 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 62.1 30 -5 5.6 +0.5
ESGG FlexShares STOXX Global ESG Impact Index Fund 60.6 42 -17 4.9 -0.1
ESGV Vanguard ESG U.S. Stock ETF 60.2 12 13 4.7 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 60.0 9 16 5.1 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 59.8 15 10 4.7 -0.4
XVV iShares ESG Screened S&P 500 ETF 58.8 8 17 5.0 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 57.7 20 5 4.8 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 57.6 9 16 5.4 +0.3
MGC Vanguard Mega Cap Index Fund 57.1 7 18 4.8 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 56.9 27 -2 4.5 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 56.8 27 -2 4.5 -0.6
AVUS Avantis U.S. Equity ETF 56.8 15 10 5.1 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 56.2 29 -4 4.7 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 55.4 0 25 4.8 -0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 55.1 12 13 4.2 -0.8
IWL iShares Russell Top 200 ETF 54.7 15 10 4.7 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 53.9 8 17 6.2 +1.2
QUS SPDR MSCI USA StrategicFactors ETF 53.8 15 10 5.5 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 52.6 30 -5 5.5 +0.5
PRF Invesco FTSE RAFI US 1000 ETF 52.2 39 -14 5.8 +0.7
JCTR JPMorgan Carbon Transition U.S. Equity ETF 51.0 15 10 5.0 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 50.6 25 0 5.7 +0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 50.0 25 0 5.6 +0.6
IQSU IQ Candriam ESG US Equity ETF 49.8 9 16 4.7 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 48.6 25 0 6.0 +1.0
SNPE Xtrackers S&P 500 ESG ETF 48.3 10 15 4.9 -0.1
EFIV SPDR S&P 500 ESG ETF 48.3 10 15 4.9 -0.1
RWL Invesco S&P 500 Revenue ETF 47.8 39 -14 6.1 +1.1
IUS Invesco Strategic US ETF 47.6 19 6 5.3 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 47.4 27 -2 5.1 +0.1
ACVF American Conservative Values ETF 47.2 75 -50 4.4 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 47.1 32 -7 4.8 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 46.6 12 13 6.0 +1.0
IUSG iShares Core S&P US Growth ETF 45.1 4 21 4.0 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.0 30 -5 5.2 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 44.6 4 21 4.0 -1.0
IVW iShares S&P 500 Growth ETF 44.6 18 7 3.9 -1.2
VOOG Vanguard S&P 500 Growth ETF 44.6 10 15 4.0 -1.1
OEF iShares S&P 100 ETF 43.7 20 5 4.6 -0.5
VOOV Vanguard S&P 500 Value ETF 43.3 10 15 6.3 +1.2
IUSV iShares Core S&P U.S. Value ETF 43.0 4 21 6.4 +1.3
SPYV SPDR Portfolio S&P 500 Value ETF 42.9 4 21 6.3 +1.3
IVE iShares S&P 500 Value ETF 42.9 18 7 6.2 +1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.8 60 -35 3.7 -1.3
IWF iShares Russell 1000 Growth ETF 42.6 19 6 3.7 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 42.4 8 17 3.8 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 41.7 9 16 5.2 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.7 15 10 0.0 -5.0
EUSA iShares MSCI USA Equal Weighted ETF 41.3 15 10 5.1 +0.1
RESP WisdomTree US ESG Fund of Benef Interest 40.7 28 -3 5.5 +0.5
VONV Vanguard Russell 1000 Value Index Fund 40.6 8 17 6.1 +1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 40.3 28 -3 6.4 +1.4
SIZE iShares MSCI USA Size Factor ETF 40.2 15 10 5.1 +0.1
DTD WisdomTree U.S.Total Dividend Fund 40.2 28 -3 6.5 +1.5
IWD iShares Russell 1000 Value ETF 40.2 19 6 6.0 +1.0
KRMA Global X Conscious Companies ETF 40.0 43 -18 5.1 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 39.9 75 -50 4.5 -0.6
VUG Vanguard Growth Index Fund 39.3 4 21 3.6 -1.4
HIPR Direxion High Growth ETF 38.9 40 -15 4.2 -0.9
RSP Invesco S&P 500 Equal Weight ETF 38.8 20 5 5.4 +0.4
AFLG First Trust Active Factor Large Cap ETF 38.7 55 -30 4.9 -0.2
NACP Impact Shares NAACP Minority Empowerment ETF 38.0 49 -24 4.6 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 37.9 4 21 6.2 +1.1
SUSA iShares MSCI USA ESG Select ETF 37.5 25 0 4.5 -0.6
RNLC Large Cap US Equity Select ETF 36.7 60 -35 5.3 +0.3

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 14.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.0 %
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.