TOK
iShares MSCI Kokusai ETF
iShares MSCI Kokusai Index Fund seeks investment results that correspond to the price and yield of the MSCI Kokusai Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
26 bp
EXPENSES
$191.0 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 10, 2007 |
| Assets (mns) | $191 |
| Expense ratio | 26 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 +
| APPLE INC | 5.2 % |
| MICROSOFT CORP | 4.9 % |
| NVIDIA CORP | 4.7 % |
| AMAZON.COM INC | 2.7 % |
| META PLATFORMS INC | 1.7 % |
| ALPHABET INC. CLASS A | 1.7 % |
| ALPHABET INC. CLASS C | 1.4 % |
| ELI LILLY & CO | 1.1 % |
| BROADCOM INC. | 1.1 % |
| TESLA MOTORS INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 1229 |
| Herfindahl-Hirschman Index | 116 |
| Wgt avg mkt cap (mns) | $660,663 |
| Large cap (>$10bn) | 97.7% |
| Mid cap ($2-10bn) | 2.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 73.7 % |
 |
BRITAIN | 4.3 % |
 |
SWITZERLAND | 3.1 % |
 |
CANADA | 2.9 % |
 |
FRANCE | 2.8 % |
 |
GERMANY | 2.3 % |
 |
AUSTRALIA | 1.9 % |
 |
NETHERLANDS | 1.6 % |
 |
IRELAND | 1.4 % |
 |
DENMARK | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.7% | 17.2% | 18.2% | 6.5% | 11.8% | 9.2% | 7.3% | Volatility | 10.8% | 11.2% | 16.3% | 16.6% | 20.2% | 17.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.00 | 100% |
| MSCI EAFE | 0.96 | 86% |
| MSCI Emg Mkts | 0.73 | 51% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $566,031 |
Technical Indicators
| Recent close | $109.16 |
| 30d moving avg. | $111.49 |
| Annualized volatility | 18.0% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TOK |
Expenses vs. TOK |
ALTAR Score™ vs. TOK |
|---|---|---|---|---|
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 93.4% | -17 bp | +0.2% |
| URTH | iShares MSCI World ETF | 93.3% | -2 bp | +0.1% |
| ACWI | iShares MSCI ACWI ETF | 83.6% | +6 bp | +0.2% |
| IYY | iShares Dow Jones U.S. ETF | 75.8% | -6 bp | -0.2% |
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 75.8% | -23 bp | -0.2% |
| PBUS | Invesco MSCI USA ETF | 75.8% | -22 bp | 0.0% |
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 75.6% | -15 bp | -0.1% |
| ILCB | iShares Morningstar U.S. Equity ETF | 75.5% | -23 bp | 0.0% |
| IWB | iShares Russell 1000 ETF | 75.5% | -11 bp | -0.1% |
| IWV | iShares Russell 3000 ETF | 75.5% | -6 bp | -0.3% |
Risk and Returns: TOK 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
TOK
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™
TOK
5.2%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
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 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. TOK's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places TOK in the 60th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
TOK
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| TOK (26 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TOK | 26.0 | 24.3 | 50.3 |
| Peer Avg. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .