iShares Russell 1000
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2017E    2018E
P/E
ratio
18.8x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Russell 1000 Index Fund seeks investment results that correspond generally to the price and yield performance of the large capitalization sector of the U.S. equity market, as represented by the Russell 1000 Index.

FUND BASICS
Category Traditional Indices
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 19, 2000
Assets (mns) $18,581
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Co
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 979
Wgt avg mkt cap (mns) $161,129
Large cap (>$10bn) 88.9%
Mid cap ($2-10bn) 11.0%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.5 %
MICROSOFT CORP 2.3 %
FACEBOOK 1.7 %
AMAZON.COM INC 1.6 %
JOHNSON & JOHNSON 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
EXXON MOBIL CORP 1.4 %
JPMORGAN CHASE & CO 1.4 %
ALPHABET INC. CLASS C 1.2 %
ALPHABET INC. CLASS A 1.2 %
Total 17.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.2 %
BRITAIN 0.4 %
BERMUDA 0.3 %
NETHERLANDS 0.2 %
SWITZERLAND 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.2% 15.8% 14.7% 7.7% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 0.66 63%
MSCI Emg. Mkts. 0.40 39%

Technical Indicators
Recent close $134.84
Annualized volatility 10.4%
Short Interest (ETF) 1.3%
Short Interest (Underlying) 2.6%
Tracking Error 0.00
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 764
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $150,343

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell 1000 ETF based on the alternatives' overlap in portfolio holdings with IWB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWB Expense: 15 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWB
Ticker Fund
Name
Overlap1
vs IWB
(%)
Expense
ratio
(bp)
Savings
vs IWB
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWB
(%)
ONEK SPDR Russell 1000 ETF 98.9 11 4 6.0 +0.1
VONE Vanguard Russell 1000 98.7 12 3 6.1 +0.2
IYY iShares DJ US Total Market 95.7 20 -5 5.9 +0.0
SCHX Schwab U.S. Large-Cap 94.6 4 11 6.2 +0.3
VTI Vanguard Total Market 93.0 5 10 6.0 +0.1
THRK SPDR Russell 3000 ETF 92.1 10 5 5.9 -0.0
VTHR Vanguard Russell 3000 91.7 15 0 6.0 +0.1
IWV iShares Russell 3000 91.7 20 -5 5.7 -0.2
VV Vanguard Large-Cap ETF 91.5 9 6 6.0 +0.2
ITOT iShares Core S&P Total US 90.7 3 12 6.0 +0.1
SCHB Schwab U.S. Broad Market 90.5 3 12 6.1 +0.2
IVV iShares Core S&P 500 89.0 4 11 6.0 +0.1
SPY S&P 500 SPDR 89.0 9 6 6.0 +0.1
VOO Vanguard S&P 500 ETF 89.0 5 10 6.0 +0.1
PBP PowerShares S&P 500 Buy/Write 89.0 75 -60 5.5 -0.4
HSPX Horizons S&P 500 Covered Call 86.3 65 -50 5.5 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 84.2 20 -5 6.0 +0.1
SPXE ProShares S&P 500 Ex-Energy 83.9 27 -12 6.3 +0.4
DHVW Diamond Hill Valuation-Weighted 500 80.6 10 5 6.4 +0.5
CATH Global X S&P 500 Catholic Values 78.6 29 -14 6.1 +0.2

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

  2012 2013 2014 2015 2016 2017E 2018E
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
  2016 2017E 2018E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Russell 1000
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 above 3.0% but below 6.0%. 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 15.7 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.55
 
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.