ishares Edge MSCI U.S.A. Value Factor ETF ETF.com segment: Equity: U.S. - Total Market Value Competing ETFs: QVAL, FTVA, IUSV, FAB, VLU Related ETF Channels: North America, Smart-Beta ETFs, U.S., Value, Equity, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. A 75 FUND DESCRIPTION The ishares Edge MSCI USA Value Factor ETF tracks an index of large- and midcap US equities. Stocks are selected and weighted using fundamental metrics (earnings, revenue, book value and cash earnings), aiming for exposure to undervalued stocks in each sector. FACTSET ANALYTICS INSIGHT As its name implies, seeks value-stocks in the US large- and midcap equity space. ishares changed the index under on September 1, 2015, arguably sharpening the ETF's value focus. The new index uses value factors for stock selection, which is hardly original, but 's new index does something else too: it looks for value stocks within each sector, taking into account that P/B for a typical tech stock may be much higher than that of a financial stock. (Forward P/E and EV/CFO are the other factors.) However, major sector biases that might have otherwise been produced are mitigated by its sector-relative approach. The added value exposure has also led to higher risk overall for the fund. Trading volume is solid, and retail traders will find modest average spreads, while the underlying basket boasts sufficient liquidity for institutional investors. charges a low fee and its tracking is nicely in line with its expense ratio. MSCI ESG ANALYTICS INSIGHT The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of October 17, 2018 the ishares Edge MSCI U.S.A. Value Factor ETF MSCI ESG Fund Quality Score is 4.83 out of 10. SUMMARY DATA Issuer Brand Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings BlackRock ishares 04/16/13 Open-Ended Fund 0.15% $3.56B $28.26M $215.03B 18.06 2.03 2.19% 12/17/18 147 The fund s Peer Rank reflects the ranking of a fund s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ranks in the 17th percentile within its peer group and in the 25th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage. INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology MSCI USA Enhanced Value Index Fundamental Fundamental MSCI USA IMI Value Index
1 Year Daily Price ($) 90.00 87.50 85.00 82.50 80.00 Nov Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct 4M PERFORMANCE [as of 10/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -2.80% 0.86% 3.25% 10.11% 12.58% 11.24% -- (NAV) -2.78% 0.91% 3.31% 10.16% 12.57% 11.06% -- MSCI USA Enhanced Value Index -2.76% 0.96% 3.43% 10.33% 12.78% 11.23% -- MSCI USA IMI Value Index -2.81% 0.49% 1.31% 5.46% 11.13% 9.73% 12.32% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States Canada 100.00% -- TOP 10 SECTORS Technology 26.87% Industrials 9.01% Financials 16.18% Energy 5.67% Consumer Cyclicals 12.87% Basic Materials 2.86% Healthcare 10.93% Utilities 2.83% Consumer Non-Cyclicals 10.37% Telecommunications Serv 1.75% TOP 10 HOLDINGS Apple Inc. 12.12% Chevron Corporation 2.96% Pfizer Inc. 4.04% General Motors Company 2.91% Bank of America Corp 3.18% Citigroup Inc. 2.89% Cisco Systems, Inc. 3.11% Walmart Inc. 2.62% Intel Corporation 3.00% Gilead Sciences, Inc. 2.26% Total Top 10 Weighting 39.09%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.15% -0.19% -0.17% -0.27% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% -- Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 72% / 29% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily
Daily Spread 0.07% 0.06% 0.05% 0.04% 0.03% 0.01% 0% FACTSET ANALYTICS BLOCK LIQUIDITY As of 10/18/18 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 5 out of 5. Premium/Discount 0.2% 0.1% TRADABILITY Avg. Daily Share 325,675 0.0% Average Daily $ $28.26M -0.1% Median Daily Share 196,496-0.2% 3M 2M 1M Median Daily ($) Average Spread (%) Average Spread ($) $17.07M $0.02 Dec Feb Apr May Jul Aug Oct Median Premium / Discount (12 Mo) Max. Premium / Discount (12 Mo) 0.13% / -0.10% Impediment to Creations None Market Hours Overlap 100.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 3.93 Creation Unit Cost (%) 0.04% Underlying / Unit Open Interest on ETF Options 3 Net Asset Value (Yesterday) $84.90 ETF.com Implied Liquidity 5
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Technology 26.87% 10.56% Financials 16.18% 26.12% Consumer Cyclicals 12.87% 7.96% Healthcare 10.93% 12.96% Consumer Non- Cyclicals 10.37% 10.51% Industrials 9.01% 8.37% Energy 5.67% 8.49% Basic Materials 2.86% 2.80% Apple Inc. Pfizer Inc. Bank of America Corp Cisco Systems, Inc. Intel Corporation Chevron Corporation General Motors Company Citigroup Inc. Walmart Inc. Gilead Sciences, Inc. Total Top 10 Weighting 12.12% 4.04% 3.18% 3.11% 3.00% 2.96% 2.91% 2.89% 2.62% 2.26% 39.09% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation MSCI ESG RATINGS MSCI ESG Quality Score Peer Group Percentile Rank Global Percentile Rank 0.93 1.09 1.15 1.03 0.24% MSCI USA IMI Value Index 4.83 / 10 17.04 24.91 Utilities 2.83% 5.57% Telecommunications Services 1.75% 3.43% SRI Screening Criteria Exposure Exposure to Sustainable Impact Solutions 4.41% 3.75% COUNTRIES Weighted Average Carbon Intensity (t CO2e/$M Sales) 158.56 United States 100.00% 99.95% Canada -- 0.05% REGIONS North America 100.00% 100.00% ECONOMIC DEVELOPMENT BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents Shared Holdings Shared Holdings Weight 147 1475 117 29.19% BENCHMARK COMPARISON SUMMARY Developed Countries 100.00% 100.00% Number of Holdings 147 1475 Weighted Average Market Cap $215.03B $127.96B Price / Earnings Ratio Price / Book Ratio Dividend Yield 18.06 21.12 2.03 2.26 2.33% 2.65% Concentration Low --
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