iShares Core S&P Small-Cap
ALTAR
Score™		 4.5% info Recommen-
dation		 UNDERWEIGHT
2013E    2014E
EPS
growth		 16.9% P/E
ratio		 19.4x
Sales
growth		 6.5% P/Sales
ratio		 0.9x


  • Description
  • Performance
  • premium Fundamentals
  • premium Valuation
  • Rating
The iShares S&P SmallCap 600 Index Fund seeks investment results that correspond to the price and yield performance of the S&P SmallCap 600 Index. The index consists of the smallest stocks in the S&P U.S. universe.

FUND BASICS
Category Traditional Indices
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 26, 2000
Assets (mns) $10,376
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Co
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 593
Wgt avg mkt cap (mns) $1,258
Median mkt cap (mns) $765
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 13.9%
Small cap (<$2bn) 86.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TANGER FACTORY OUTLET CENTER 0.6 %
CYMER INC 0.6 %
3D SYSTEMS CORP 0.6 %
GULFPORT ENERGY CORP 0.6 %
BRUNSWICK CORP 0.5 %
CUBIST PHARMACEUTICALS INC 0.5 %
PROASSURANCE CORP 0.5 %
MID-AMERICA APARTMENT COMM 0.5 %
SMITH (A.O.) CORP 0.5 %
LUFKIN INDUSTRIES INC 0.5 %
Total 5.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %
BERMUDA 0.2 %
PUERTO RICO 0.1 %

 

 

 

 

 
HISTORICAL PERFORMANCE

Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.6% 17.4% 8.2% 11.3% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.18 91%
MSCI EAFE 0.76 66%
MSCI Emg. Mkts. 0.71 66%

Technical Indicators
Recent close $91.02
Net asset value $91.05
Premium / Discount -0.0 %
Annualized volatility 18.8 %
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 722
Turnover 0.6 %
Bid/Ask (% of price) 0.04
ADV underlying (mns) $5,040

Distributions


Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2008 2009 2010 2011 2012 2013E 2014E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Foreign sales as a % of total **%   Asset turnover **%

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2012 2013E 2014E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares Core S&P Small-Cap
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores above 3.0% but below 6.0%. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.7 %
Divided by: P/BV 1.6 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.