IEDI

iShares Evolved U.S. Discretionary Spending ETF

The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learni


Active, Concentrated

MANAGEMENT MATRIX

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CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBlackRock
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMar 21, 2018
Assets (mns)$23
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
AMAZON.COM INC 16.0 %
HOME DEPOT INC 8.3 %
WAL-MART STORES INC 5.5 %
COSTCO WHOLESALE CORP 5.4 %
APPLE INC 5.2 %
NIKE INC -CL B 4.3 %
TARGET CORP 3.6 %
LOWE'S COS INC 3.2 %
PROCTER & GAMBLE CO/THE 2.8 %
MCDONALD'S CORP 2.7 %
Constituent Breakdown
Number of holdings205
Herfindahl-Hirschman Index 496
Wgt avg mkt cap (mns)$523,864
Large cap (>$10bn)90.4%
Mid cap ($2-10bn)8.9%
Small cap (<$2bn)0.5%
Developed mkts.99.1%
Emerging mkts.0.9%
Country Exposure
UNITED STATES 97.4 %
ARGENTINA 0.8 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
10.4% 21.3% 22.8% 17.1% -- -- 19.2%
Market Correlations
versus...BetaR-squared
S&P 5001.0495%
MSCI EAFE0.9677%
MSCI Emg Mkts0.7662%
Liquidity Measures
Avg. volume (000)3
Turnover0.6%
Avg. Bid/Ask (% of price)0.09%
ADV of underlying (mns)$82,809
Technical Indicators
Recent close$46.55
30d moving avg.$45.23
Annualized volatility20.0%
Relative strength (RSI)55
Short interest (ETF)0.0%
Short interest (underlying)2.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
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 --%
1.7 25.8 7.7 1.0% --
Based on closing prices from 10/26/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IEDI



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™

IEDI

3.8%

Cat. Avg

4.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.8%
Recommendation

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.

Category Overview
There are 805 funds in the US Equities category, with an average ALTAR Score™ of 4.7% and a standard deviation of 4.7%. IEDI's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places IEDI in the 42nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IEDI 18.0 9.4 27.4
Peer Avg. 21.9 6.6 28.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.