IJJ
iShares S&P Mid-Cap 400 Value ETF
The iShares S&P MidCap 400 Value Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. mid-cap value stocks as represented by the S&P MidCap 400/Citigroup Value Index.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 24, 2000 |
| Assets (mns) | $6,654 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JABIL CIRCUIT INC | 1.3 % |
| EQUITY LIFESTYLE PROPERTIES | 1.1 % |
| REGAL BELOIT CORP | 0.9 % |
| REINSURANCE GROUP OF AMERICA | 0.9 % |
| UNUM GROUP | 0.8 % |
| NEW YORK COMMUNITY BANCORP | 0.8 % |
| XPO LOGISTICS INC | 0.8 % |
| LEAR CORP | 0.8 % |
| FORTUNE BRANDS HOME & SECURI | 0.7 % |
| LITHIA MOTORS INC-CL A | 0.7 % |
Constituent Breakdown
| Number of holdings | 301 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $6,372 |
| Large cap (>$10bn) | 10.8% |
| Mid cap ($2-10bn) | 87.6% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.4 % |
 |
BERMUDA | 1.4 % |
 |
BRITAIN | 1.2 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.6% | 9.7% | 1.9% | 17.1% | 6.9% | 9.6% | 9.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 74% |
| MSCI EAFE | 1.01 | 73% |
| MSCI Emg Mkts | 0.77 | 41% |
Liquidity Measures
| Avg. volume (000) | 203 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $8,253 |
Technical Indicators
| Recent close | $101.46 |
| 30d moving avg. | $106.39 |
| Annualized volatility | 21.7% |
| Relative strength (RSI) | 37 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 4.2% |
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. IJJ |
Expenses vs. IJJ |
ALTAR Score™ vs. IJJ |
|---|---|---|---|---|
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 95.4% | -3 bp | +0.1% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 95.3% | -3 bp | +0.0% |
| MDY | SPDR S&P Midcap 400 ETF Trust | 63.8% | +5 bp | -1.2% |
| IJH | iShares Core S&P Mid-Cap ETF | 62.3% | -13 bp | -1.1% |
| SPMD | SPDR Portfolio Mid Cap ETF | 62.3% | -15 bp | -1.0% |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | 62.1% | -8 bp | -1.1% |
| XJH | iShares ESG Screened S&P Mid-Cap ETF | 60.7% | -6 bp | -1.1% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 59.0% | -3 bp | -1.1% |
| MIDE | Xtrackers S&P MidCap 400 ESG ETF | 54.9% | -3 bp | -0.6% |
| SMDY | Syntax Stratified MidCap ETF | 52.1% | +17 bp | -1.3% |
Risk and Returns: IJJ 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/21/2023
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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
IJJ
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™
IJJ
9.1%
Cat. Avg
6.4%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.1% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.4% and a standard deviation of
3.1%. IJJ's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places IJJ in the 81st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IJJ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IJJ | 18.0 | 5.1 | 23.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .