QUAL

iShares MSCI USA Quality Factor

The iShares MSCI USA Quality Factor ETF (the "Fund") seeks to track the investment results of an index that measures the performance of U.S. large- and mid-capitalization stocks as identified through three fundamental variables: return on equity, earnings variability and financial leverage.


6.0%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 54th

NEUTRAL

Recommendation
Fund Basics
Fund sponsorBlackRock Fund Advisors
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJul 18, 2013
Assets (mns)$10,008
Expense ratio15 bp
CurrencyUSD
Constituent Breakdown
No. of constituents126
Herfindahl-Hirschman Index 182
Wgt avg mkt cap (mns)$173,540
Large cap (>$10bn)96.4%
Mid cap ($2-10bn)3.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationUnknown
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingFundamental
Smart-betaYes
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
JOHNSON & JOHNSON 4.2 %
FACEBOOK 4.2 %
APPLE INC 3.9 %
MASTERCARD INC-CLASS A 3.5 %
EXXON MOBIL CORP 3.2 %
VISA INC-CLASS A SHARES 3.2 %
ALTRIA GROUP INC 2.9 %
LOCKHEED MARTIN CORP 2.7 %
AMGEN INC 2.4 %
MOODY'S CORP 2.1 %
Sector Breakdown
Country Exposure
UNITED STATES 96.1 %
IRELAND 1.5 %
BRITAIN 1.3 %
SWITZERLAND 0.4 %
CANADA 0.2 %
Historical Performance


Standardized Annual Returns (as of 02/28/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
13.0% 4.9% 10.9% 14.0% 10.8% 0.0% 12.8%
Market Correlations
versus...BetaR-squared
S&P 5000.9896%
MSCI EAFE0.7453%
MSCI Emg Mkts0.4535%
Liquidity Measures
Avg. volume (000)1,014
Turnover0.9%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$55,791
Technical Indicators
Recent close$87.87
30d moving avg.$86.32
Annualized volatility11.2%
Relative strength (RSI)69
Short interest (ETF)0.0%
Short interest (underlying)2.2%
Distributions
Total Cost of Ownership Detail
  QUAL Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. QUAL
Expenses
vs. QUAL
ALTAR Score™
vs. QUAL
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 50.4% +14 bp -1.0%
OQAL Oppenheimer Russell 1000 Quality Factor 47.9% +4 bp -0.4%
QARP Xtrackers Russell 1000 US QARP 47.5% +4 bp +0.7%
IWY iShares Russell Top 200 Growth 41.5% +5 bp -0.7%
SPHQ Invesco S&P High Quality Portfolio 41.4% 0 bp -1.1%
QUS SPDR MSCI USA Quality Mix 40.9% 0 bp +0.1%
MGK Vanguard Mega Cap 300 Growth 40.2% -8 bp -0.9%
JQUA JPMorgan U.S. Quality Factor 39.9% -3 bp -0.3%
FLQL Franklin LibertyQ U.S. Equity 38.8% +10 bp +0.5%
VONG Vanguard Russell 1000 Growth 37.9% -3 bp -0.7%
FQAL Fidelity Quality Factor 37.9% +14 bp 0.0%
IWF iShares Russell 1000 Growth 37.9% +5 bp -0.8%
VUG Vanguard Growth ETF 37.1% -10 bp -1.0%
TMFC Motley Fool 100 Index 34.3% +35 bp -1.2%
JKD iShares Morningstar Large Companies 32.9% +5 bp +0.3%
DSI iShares MSCI KLD 400 Social 32.8% +10 bp -0.3%
USSG Xtrackers MSCI USA ESG Leaders Equity 32.6% -5 bp -0.3%
SPXN ProShares S&P 500 Ex-Financials 32.3% +12 bp -0.1%
SCHG Schwab U.S. Large-Cap Growth 32.0% -11 bp -0.8%
PXLG Invesco Fundamental Pure Large Growth 31.7% +24 bp -1.4%

Content on this tab for Individual & Professional subscribers only

Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
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

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QUAL

6.0%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.0%
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 658 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.2%. QUAL's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places QUAL in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
QUAL
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Today's Trading

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Where to Trade QUAL
Commission
on QUAL1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 500
$0.00 308
$1.00 54
$4.95 357
$4.95 114
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.