ACWV

iShares MSCI Global Min Vol Factor ETF

iShares MSCI All Country World Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI All Country World Minimum Volatility Index.


Global

EQUITY

Passive

MANAGEMENT STYLE

20 bp

EXPENSES

$4.2 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock Fund Advisors
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 18, 2011
Assets (mns)$4,221
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
T-MOBILE US, INC. 1.6 %
WAL-MART STORES INC 1.6 %
WASTE MANAGEMENT INC 1.6 %
MOTOROLA SOLUTIONS 1.6 %
ROPER TECHNOLOGIES, INC. 1.4 %
MERCK & CO. INC. 1.4 %
MCKESSON CORP 1.4 %
CISCO SYSTEMS INC 1.3 %
REPUBLIC SERVICES INC 1.2 %
VERTEX PHARMACEUTICALS INC 1.2 %
Constituent Breakdown
Number of holdings392
Herfindahl-Hirschman Index 58
Wgt avg mkt cap (mns)$143,040
Large cap (>$10bn)90.2%
Mid cap ($2-10bn)9.8%
Small cap (<$2bn)0.0%
Developed mkts.78.6%
Emerging mkts.21.4%
Country Exposure
UNITED STATES 56.0 %
JAPAN 10.2 %
CHINA 5.9 %
INDIA 5.7 %
TAIWAN 5.3 %
SWITZERLAND 3.2 %
HONG KONG 1.8 %
SAUDI ARABIA 1.2 %
CANADA 1.1 %
SINGAPORE 1.0 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.0% 7.0% 6.5% 2.0% 4.4% 6.7% 8.1%
Volatility 7.0% 7.7% 10.5% 10.6% 14.9% 12.5% --
Market Correlations
versus...BetaR-squared
S&P 5000.6184%
MSCI EAFE0.6281%
MSCI Emg Mkts0.4646%
Liquidity Measures
Avg. volume (000)177
Turnover0.5%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$135,388
Technical Indicators
Recent close$106.85
30d moving avg.$105.93
Annualized volatility11.9%
Relative strength (RSI)49
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ACWV vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.3 15.3 2.1 2.5% --
Based on closing prices from 7/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ACWV



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ACWV

6.2%

Cat. Avg

4.0%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.2%
Recommendation

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.

Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.8%. ACWV's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places ACWV in the 67th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ACWV
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
ACWV (20 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ACWV 20.0 4.3 24.3
Peer Avg. 27.7 6.5 34.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .