iShares MSCI World Index
ALTAR
Score™
6.1% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
17.3x P/Sales
ratio
1.7x
P/BV
ratio
2.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI World Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance results of the MSCI World Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Jan 12, 2012
Assets (mns) $804
Currency USD
Expense ratio 24 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1209
Wgt avg mkt cap (mns) $185,360
Large cap (>$10bn) 93.2%
Mid cap ($2-10bn) 6.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 2.8 %
MICROSOFT CORP 2.4 %
AMAZON.COM INC 1.7 %
FACEBOOK 1.1 %
JPMORGAN CHASE & CO 1.0 %
ALPHABET INC. CLASS C 0.9 %
ALPHABET INC. CLASS A 0.9 %
JOHNSON & JOHNSON 0.8 %
NESTLE SA-REG 0.7 %
BANK OF AMERICA CORP 0.7 %
Total 13.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 60.1 %
JAPAN 8.3 %
BRITAIN 5.9 %
CANADA 3.5 %
FRANCE 3.4 %
SWITZERLAND 3.4 %
GERMANY 2.9 %
AUSTRALIA 2.2 %
IRELAND 1.5 %
NETHERLANDS 1.4 %

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.
20.9% 13.0% 7.8% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.90 95%
MSCI EAFE 0.91 83%
MSCI Emg. Mkts. 0.63 64%

Technical Indicators
Recent close $95.67
30d moving avg. $93.33
Annualized volatility 11.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 70
Turnover 0.8%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $188,242

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI World Index ETF based on the alternatives' overlap in portfolio holdings with URTH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: URTH Expense: 24 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH URTH
Ticker Fund
Name
Overlap1
vs URTH
(%)
Expense
ratio
(bp)
Savings
vs URTH
(bp)
ALTAR
Score™
(%)
ALTAR
vs URTH
(%)
TOK iShares MSCI Kokusai 87.5 25 -1 6.0 -0.1
ACWI iShares MSCI ACWI 82.0 31 -7 6.3 +0.2
LOWC SPDR MSCI ACWI Low Carbon Target 74.5 20 4 6.5 +0.4
CRBN iShares MSCI ACWI Low Carbon 74.5 20 4 6.5 +0.4
VT Vanguard Total World Stock 71.2 9 15 6.5 +0.4
QWLD SPDR MSCI World Quality Mix 63.6 30 -6 6.1 -0.0
PBUS Invesco PureBeta MSCI USA 62.3 4 20 6.0 -0.1
SCHK Schwab 1000 Index 62.2 5 19 5.9 -0.2
IYY iShares DJ US Total Market 62.2 20 4 5.7 -0.4
SCHX Schwab U.S. Large-Cap 62.1 3 21 5.9 -0.2
ITOT iShares Core S&P Total US 62.1 3 21 5.7 -0.4
SCHB Schwab U.S. Broad Market 62.1 3 21 5.8 -0.3
VTI Vanguard Total Market 62.1 3 21 5.7 -0.4
IWB iShares Russell 1000 62.0 15 9 5.8 -0.3
VONE Vanguard Russell 1000 62.0 12 12 5.8 -0.3
IWV iShares Russell 3000 61.9 20 4 5.6 -0.5
VTHR Vanguard Russell 3000 61.9 15 9 5.6 -0.4
BBUS JP Morgan Betabuilders U.S. Equity 61.6 2 22 5.9 -0.2
VV Vanguard Large-Cap ETF 61.4 4 20 5.9 -0.2
ACIM SPDR MSCI ACWI IMI 60.6 9 15 6.2 +0.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  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 MSCI World Index
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 13.7 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.54
 
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.