iShares Russell 3000
ALTAR
Score™
5.5% info Recommen-
dation
UNDERWEIGHT
2017E    2018E
P/E
ratio
20.5x P/Sales
ratio
2.1x
P/BV
ratio
3.1x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Russell 3000 Index Fund seeks investment results that correspond generally to the price and yield performance of the broad U.S. equity market, as represented by the Russell 3000 Index.

FUND BASICS
Category Traditional Indices
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 26, 2000
Assets (mns) $8,063
Currency USD
Expense ratio 20 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 2882
Wgt avg mkt cap (mns) $152,655
Large cap (>$10bn) 82.9%
Mid cap ($2-10bn) 13.1%
Small cap (<$2bn) 4.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.2 %
MICROSOFT CORP 2.2 %
FACEBOOK 1.6 %
AMAZON.COM INC 1.5 %
JOHNSON & JOHNSON 1.4 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
EXXON MOBIL CORP 1.3 %
JPMORGAN CHASE & CO 1.3 %
ALPHABET INC. CLASS C 1.1 %
ALPHABET INC. CLASS A 1.1 %
Total 16.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 1.1 %
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 September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.7% 18.5% 14.1% 7.4% 5.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 99%
MSCI EAFE 0.66 61%
MSCI Emg. Mkts. 0.38 34%

Technical Indicators
Recent close $151.84
30d moving avg. $149.38
Annualized volatility 10.3%
Short interest (ETF) 1.0%
Short interest (Underlying) 2.9%
Relative strength (RSI) 79

Liquidity measures
Avg. volume (thou.) 160
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $175,680

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell 3000 ETF based on the alternatives' overlap in portfolio holdings with IWV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWV Expense: 20 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWV
Ticker Fund
Name
Overlap1
vs IWV
(%)
Expense
ratio
(bp)
Savings
vs IWV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWV
(%)
SPTM SPDR Portfolio Total Stock Market 96.3 3 17 5.9 +0.4
VTHR Vanguard Russell 3000 96.0 15 5 5.7 +0.2
SCHB Schwab U.S. Broad Market 95.0 3 17 5.8 +0.4
VTI Vanguard Total Market 94.7 5 15 5.7 +0.2
ITOT iShares Core S&P Total US 94.4 3 17 5.7 +0.2
IYY iShares DJ US Total Market 93.8 20 0 5.7 +0.2
IWB iShares Russell 1000 91.7 15 5 5.7 +0.2
SPLG SPDR Portfolio Large Cap 91.5 3 17 6.0 +0.5
VONE Vanguard Russell 1000 91.5 12 8 5.9 +0.4
SCHX Schwab U.S. Large-Cap 88.4 4 16 5.9 +0.4
VV Vanguard Large-Cap ETF 84.6 9 11 5.8 +0.3
IVV iShares Core S&P 500 82.2 4 16 5.8 +0.3
SPY S&P 500 SPDR 82.2 9 11 5.7 +0.2
PBP PowerShares S&P 500 Buy/Write 82.2 75 -55 5.4 -0.1
HSPX Horizons S&P 500 Covered Call 82.2 65 -45 5.3 -0.2
VOO Vanguard S&P 500 ETF 82.2 5 15 5.8 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 78.0 20 0 5.8 +0.4
SPXE ProShares S&P 500 Ex-Energy 77.3 27 -7 6.1 +0.6
DHVW Diamond Hill Valuation-Weighted 500 75.8 10 10 6.2 +0.7
JHML John Hancock Multifactor Large Cap 74.7 35 -15 5.8 +0.4

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%.

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 3000
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 15.9 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.