iShares Core S&P 500
ALTAR
Score™		 6.7% info Recommen-
dation		 NEUTRAL
2013E    2014E
P/E
ratio		 15.2x P/Sales
ratio		 1.5x
P/BV
ratio		 2.2x Div.
yield		 2.0%


  • Description
  • Performance
  • premium Fundamentals
  • premium Valuation
  • Rating
The iShares S&P500 Index Fund seeks investment results that correspond generally to the price and yield performance of the large capitalization sector of the U.S. equity market, as represented by the Standard& Poor's 500 Index.

FUND BASICS
Category Traditional Indices
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 19, 2000
Assets (mns) $43,150
Currency USD
Expense ratio 7 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 499
Wgt avg mkt cap (mns) $113,767
Median mkt cap (mns) $15,076
Large cap (>$10bn) 93.1%
Mid cap ($2-10bn) 6.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 2.8 %
APPLE INC 2.7 %
MICROSOFT CORP 1.8 %
GENERAL ELECTRIC CO 1.7 %
JOHNSON & JOHNSON 1.6 %
GOOGLE INC-CL A 1.6 %
CHEVRON CORP 1.6 %
PROCTER & GAMBLE CO/THE 1.5 %
INTL BUSINESS MACHINES CORP 1.5 %
PFIZER INC 1.4 %
Total 18.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
IRELAND 0.7 %
SWITZERLAND 0.5 %
NETHERLANDS 0.2 %
BRITAIN 0.1 %
CAYMAN ISLANDS 0.1 %
BERMUDA 0.1 %

 

 

 
HISTORICAL PERFORMANCE

Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.3% 27.3% 5.4% 7.5% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.99 100%
MSCI EAFE 0.66 76%
MSCI Emg. Mkts. 0.54 63%

Technical Indicators
Recent close $166.57
Net asset value $166.61
Premium / Discount -0.0 %
Annualized volatility 14.9 %
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 4,835
Turnover 1.9 %
Bid/Ask (% of price) 0.01
ADV underlying (mns) $109,805

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 500
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores between 6.0% and 8.0%. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. The majority of funds we cover fall into this category.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.7 %
Divided by: P/BV 2.2 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.7 %
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.