IWS
iShares Russell Mid-Cap Value ETF
iShares Russell Midcap Value Index Fund seeks investment results that correspond generally to the price and yield performance of the Russell MidcapValue Index. The Fund uses a Representative s
US
EQUITY
Rules-Based
MANAGEMENT STYLE
23 bp
EXPENSES
$13.0 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 17, 2001 |
| Assets (mns) | $12,980 |
| Expense ratio | 23 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ARTHUR J GALLAGHER & CO | 0.6 % |
| WILLIAMS COS INC | 0.6 % |
| AFLAC INC | 0.6 % |
| DR HORTON INC | 0.6 % |
| DIGITAL REALTY TRUST INC | 0.6 % |
| REALTY INCOME CORP | 0.6 % |
| ONEOK INC | 0.6 % |
| MICROCHIP TECHNOLOGY INC | 0.6 % |
| BANK OF NEW YORK MELLON CORP | 0.6 % |
| HUMANA INC | 0.6 % |
Constituent Breakdown
| Number of holdings | 714 |
| Herfindahl-Hirschman Index | 25 |
| Wgt avg mkt cap (mns) | $25,059 |
| Large cap (>$10bn) | 80.9% |
| Mid cap ($2-10bn) | 18.5% |
| Small cap (<$2bn) | 0.4% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 93.8 % |
 |
BRITAIN | 1.5 % |
 |
BERMUDA | 0.9 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.5% | 12.5% | 11.4% | 3.7% | 8.4% | 7.4% | 10.3% | Volatility | 12.6% | 13.9% | 18.1% | 18.0% | 23.5% | 19.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 83% |
| MSCI EAFE | 1.02 | 83% |
| MSCI Emg Mkts | 0.73 | 44% |
Liquidity Measures
| Avg. volume (000) | 317 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $154,067 |
Technical Indicators
| Recent close | $124.75 |
| 30d moving avg. | $122.08 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 3.1% |
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. IWS |
Expenses vs. IWS |
ALTAR Score™ vs. IWS |
|---|---|---|---|---|
| IWR | iShares Russell Midcap ETF | 77.6% | -4 bp | -0.8% |
| IMCB | iShares Morningstar Mid-Cap ETF | 64.3% | -19 bp | -0.2% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 60.6% | +19 bp | 0.0% |
| VO | Vanguard Mid-Cap ETF | 59.3% | -19 bp | -0.6% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 55.8% | -17 bp | +1.6% |
| SIZE | iShares MSCI USA Size Factor ETF | 48.6% | -8 bp | -0.5% |
| EQAL | Invesco Russell 1000 Equal Weight ETF | 48.5% | -3 bp | -0.7% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 48.3% | -14 bp | -0.5% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 47.6% | -3 bp | +0.7% |
| ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 47.3% | -3 bp | +1.4% |
Risk and Returns: IWS 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
IWS
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™
IWS
6.5%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.5% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. IWS's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places IWS in the 62nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IWS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IWS (23 bp) Percentile rank | 24 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IWS | 23.0 | 3.1 | 26.1 |
| Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .