IMCG
iShares Morningstar Mid-Cap Growth ETF
IMCG tracks a market-cap-weighted index of US midcap stocks companies selected based on their growth characteristics.
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 28, 2004 |
| Assets (mns) | $1,555 |
| Expense ratio | 6 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WORKDAY INC-CLASS A | 1.2 % |
| MARVELL TECHNOLOGY, INC. | 1.1 % |
| TRANSDIGM GROUP INC | 1.1 % |
| MSCI INC-A | 1.0 % |
| HILTON WORLDWIDE HOLDINGS, INC. | 1.0 % |
| ROSS STORES INC | 1.0 % |
| COPART INC | 0.9 % |
| IDEXX LABORATORIES INC | 0.9 % |
| PAYCHEX INC | 0.9 % |
| CROWDSTRIKE HOLDINGS, INC. CLASS A | 0.9 % |
Constituent Breakdown
| Number of holdings | 311 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $24,918 |
| Large cap (>$10bn) | 90.6% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
IRELAND | 2.4 % |
 |
BERMUDA | 0.6 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 13.1% | 10.2% | -7.8% | 4.4% | 9.5% | 11.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 84% |
| MSCI EAFE | 0.92 | 69% |
| MSCI Emg Mkts | 0.74 | 42% |
Liquidity Measures
| Avg. volume (000) | 94 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $27,958 |
Technical Indicators
| Recent close | $58.44 |
| 30d moving avg. | $59.95 |
| Annualized volatility | 20.3% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 3.7% |
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. IMCG |
Expenses vs. IMCG |
ALTAR Score™ vs. IMCG |
|---|---|---|---|---|
| IMCB | iShares Morningstar Mid-Cap ETF | 63.7% | -2 bp | +2.2% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 63.5% | -2 bp | +2.2% |
| VO | Vanguard Mid-Cap Index Fund | 53.4% | -2 bp | +2.0% |
| IWP | iShares Russell Mid-Cap Growth ETF | 52.8% | +17 bp | -0.4% |
| IWR | iShares Russell Midcap ETF | 52.8% | +12 bp | +1.9% |
| VOT | Vanguard Mid-Cap Growth Index Fund | 52.2% | +1 bp | +0.3% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 43.6% | +35 bp | +2.9% |
| TPLE | Timothy Plan Us Large/Mid Cap Core Enhanced ETF | 39.9% | +52 bp | +1.8% |
| TPLC | Timothy Plan US Large Cap Core ETF | 39.9% | +46 bp | +1.8% |
| SIZE | iShares MSCI USA Size Factor ETF | 39.5% | +9 bp | +2.1% |
Risk and Returns: IMCG 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 9/20/2023
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
IMCG
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™
IMCG
4.5%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.5% |
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 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. IMCG's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places IMCG in the 28th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IMCG
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) |
|
|---|---|---|---|
| IMCG | 6.0 | 6.1 | 12.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .