iShares S&P N. American Technology
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2017E    2018E
P/E
ratio
23.6x P/Sales
ratio
3.6x
P/BV
ratio
5.0x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P North American Technology Sector Index Fund is an exchanged-traded fund incorporated in the USA. The Fund's objective is to achieve investment results that correspond to the performance of the S&P North American Technology Sector Index.

FUND BASICS
Category Sector ETFs
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 19, 2001
Assets (mns) $1,274
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Co
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 283
Wgt avg mkt cap (mns) $288,589
Large cap (>$10bn) 89.4%
Mid cap ($2-10bn) 9.0%
Small cap (<$2bn) 1.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.6 %
APPLE INC 7.8 %
FACEBOOK 6.7 %
AMAZON.COM INC 6.4 %
ALPHABET INC. CLASS A 4.3 %
ALPHABET INC. CLASS C 4.3 %
VISA INC-CLASS A SHARES 3.2 %
INTEL CORP 3.1 %
CISCO SYSTEMS INC 2.8 %
ORACLE CORP 2.4 %
Total 49.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.6 %
SWITZERLAND 0.5 %
CANADA 0.5 %
BERMUDA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.1% 26.5% 18.6% 10.7% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.23 77%
MSCI EAFE 0.93 66%
MSCI Emg. Mkts. 0.54 37%

Technical Indicators
Recent close $161.26
30d moving avg. $156.35
Annualized volatility 14.1%
Short interest (ETF) 2.2%
Short interest (Underlying) 2.6%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $45,109

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P N. American Technology ETF based on the alternatives' overlap in portfolio holdings with IGM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGM Expense: 48 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGM
Ticker Fund
Name
Overlap1
vs IGM
(%)
Expense
ratio
(bp)
Savings
vs IGM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGM
(%)
VGT Vanguard Info Tech ETF 89.1 10 38 5.5 +0.9
FTEC Fidelity Info Technology 89.0 12 36 5.5 +1.0
XLK Technology Select Sector SPDR 76.8 14 34 5.7 +1.2
IXN iShares S&P Global Technology 71.8 48 0 5.4 +0.8
IYW iShares US Technology 70.4 45 3 5.2 +0.6
QQQ PowerShares QQQ 63.2 20 28 5.6 +1.1
QYLD Horizons NASDAQ-100 Covered Call 62.8 60 -12 5.4 +0.8
JHMT John Hancock Multifactor Technology 60.3 50 -2 5.3 +0.7
ONEQ Fidelity NASDAQ Composite 52.3 26 22 5.3 +0.7
JKE iShares Morningstar Large Cap Growth 51.2 25 23 4.4 -0.2
IWY iShares Russell Top 200 Growth 46.0 20 28 5.2 +0.6
TCHF iShares Edge MSCI Multifactor Technology 43.8 35 13 5.7 +1.1
RYT Guggenheim S&P Equal Weight Technology 43.1 40 8 5.2 +0.7
VONG Vanguard Russell 1000 Growth 42.6 15 33 5.4 +0.8
IWF iShares Russell 1000 Growth 42.6 20 28 5.2 +0.6
XNTK SPDR NYSE Technology 42.0 35 13 4.4 -0.2
MGK Vanguard Mega Cap 300 Growth 41.7 9 39 5.4 +0.8
VOOG Vanguard S&P 500 Growth ETF 41.6 15 33 5.3 +0.8
SPYG SPDR Portfolio S&P 500 Growth 41.5 4 44 5.7 +1.1
IVW iShares S&P 500 Growth 41.5 18 30 5.2 +0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2012 2013 2014 2015 2016 2017E 2018E
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
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2016 2017E 2018E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares S&P N. American Technology
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 21.9 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

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.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.