IEUS
iShares MSCI Europe Small-Cap ETF
iShares FTSE Developed Small Cap ex-North America Index Fund seeks investment results that correspond to the FTSE Developed Small Cap ex-North America Index.
International
EQUITY
Passive
MANAGEMENT STYLE
42 bp
EXPENSES
$98.1 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2007 |
| Assets (mns) | $98 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FILTRONA PLC | 4.2 % |
| ZEALAND PHARMA A/S | 0.6 % |
| MARKS & SPENCER GROUP PLC | 0.6 % |
| DS SMITH PLC | 0.6 % |
| INTERMEDIATE CAPITAL GROUP PLC | 0.6 % |
| DIPLOMA PLC | 0.5 % |
| HOWDEN JOINERY GROUP PLC | 0.5 % |
| ADDTECH AB CLASS B | 0.5 % |
| WEIR GROUP PLC/THE | 0.5 % |
| IMI PLC | 0.4 % |
Constituent Breakdown
| Number of holdings | 889 |
| Herfindahl-Hirschman Index | 36 |
| Wgt avg mkt cap (mns) | $5,074 |
| Large cap (>$10bn) | 4.9% |
| Mid cap ($2-10bn) | 68.6% |
| Small cap (<$2bn) | 26.3% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
BRITAIN | 29.7 % |
 |
SWEDEN | 7.8 % |
 |
SWITZERLAND | 7.6 % |
 |
GERMANY | 6.0 % |
 |
FRANCE | 5.6 % |
 |
ITALY | 5.3 % |
 |
DENMARK | 4.3 % |
 |
SPAIN | 3.2 % |
 |
NORWAY | 2.9 % |
 |
NETHERLANDS | 2.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.4% | 5.2% | 8.3% | -5.2% | 4.1% | -- | 5.2% | Volatility | 15.6% | 16.9% | 22.0% | 21.7% | 23.2% | 20.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 72% |
| MSCI EAFE | 1.32 | 93% |
| MSCI Emg Mkts | 0.96 | 51% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $3,297 |
Technical Indicators
| Recent close | $57.68 |
| 30d moving avg. | $57.59 |
| Annualized volatility | 23.7% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IEUS |
Expenses vs. IEUS |
ALTAR Score™ vs. IEUS |
|---|---|---|---|---|
| SCZ | iShares MSCI EAFE Small-Cap ETF | 43.3% | -2 bp | +0.3% |
| SCHC | Schwab International Small-Cap Equity ETF | 39.3% | -31 bp | +0.4% |
| DFIS | Dimensional International Small Cap ETF | 38.6% | -3 bp | +0.5% |
| EWUS | iShares MSCI United Kingdom Small Cap ETF | 31.5% | +17 bp | -0.2% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 27.1% | -35 bp | +0.5% |
| DISV | Dimensional International Small Cap Value ETF | 26.8% | 0 bp | +2.9% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 26.6% | +7 bp | +0.6% |
| ISCF | iShares International SmallCap Equity Factor ETF | 26.2% | -19 bp | +2.9% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 25.7% | -3 bp | +1.1% |
| GWX | SPDR S&P International Small Cap ETF | 20.4% | -2 bp | +0.4% |
Risk and Returns: IEUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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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 | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IEUS
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™
IEUS
5.8%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.8% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. IEUS's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places IEUS in the 29th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IEUS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| IEUS (42 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IEUS | 42.0 | 34.8 | 76.8 |
| Peer Avg. | 26.0 | 14.3 | 40.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .