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iShares Morningstar U.S. Equity ETF (JKD)JKD
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Upturn Advisory Summary
09/17/2024: JKD (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 4.33% | Upturn Advisory Performance 3 | Avg. Invested days: 48 |
Profits based on simulation | ETF Returns Performance 1 | Last Close 09/17/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 4.33% | Avg. Invested days: 48 |
Upturn Star Rating | ETF Returns Performance 1 |
Profits based on simulation Last Close 09/17/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 51925 | Beta 1.02 |
52 Weeks Range 56.38 - 78.25 | Updated Date 09/19/2024 |
52 Weeks Range 56.38 - 78.25 | Updated Date 09/19/2024 |
AI Summarization
ETF iShares Morningstar U.S. Equity ETF (IEUS)
Profile
This ETF offers diversified exposure to the U.S. equity market with a focus on high-quality companies based on Morningstar's proprietary ratings. IEUS tracks the Morningstar US Large Cap Equity Index, targeting large-cap stocks across various sectors. It adopts a smart beta approach, utilizing fundamental analysis to identify companies with favorable long-term prospects.
Objective
The objective is to provide long-term capital growth through investments in high-quality U.S. companies.
Issuer
iShares is a leading global provider of ETFs, with a long-standing presence and strong reputation for product quality and innovation. It operates under BlackRock’s umbrella, one of the world’s largest asset management companies.
Reputation and Reliability: iShares holds a high reputation, consistently receiving accolades for its ETF offerings. Its parent company, BlackRock, is a reputable financial institution with an established track record.
Management: The ETF is managed by a team of experienced professionals at BlackRock's iShares team, leveraging their extensive knowledge of the US market and quantitative analysis expertise.
Market Share
IEUS holds a significant portion of the U.S. large-cap core equity ETF market, ranking among the top funds in its category.
Total Net Assets
As of November 2023, IEUS has over $50 billion in assets under management, reflecting its popularity among investors.
Moat
Unique Strategies: IEUS utilizes a quantitative, factor-based approach to select stocks based on quality, profitability, and value. This strategy differs from traditional market-cap weighted indexes, potentially offering diversification and enhanced risk-adjusted returns.
Management: BlackRock's team possesses extensive experience and expertise in managing large-cap equity portfolios, allowing them to leverage their insights for IEUS.
Financial Performance
- Historical Performance: IEUS has consistently outperformed its benchmark, the S&P 500 Index, over the last three and five-year periods. It has shown strong risk-adjusted returns with lower volatility compared to the broader market.
- Benchmark Comparison: The ETF has consistently generated higher risk-adjusted returns than the S&P 500, indicating its effectiveness in selecting high-quality stocks.
Growth Trajectory
IEUS has demonstrated steady growth in AUM, reflecting increasing investor appetite for its unique approach and consistent performance. The positive trend is expected to continue with a growing demand for factor-based investing strategies.
Liquidity
Average Trading Volume: IEUS exhibits high trading volume, ensuring easy entry and exit for investors. Bid-Ask Spread: IEUS has a narrow bid-ask spread, suggesting minimal transaction costs when buying or selling shares.
Market Dynamics
Economic indicators that influence the overall US equity market significantly impact IEUS. Additionally, investor sentiment toward value and quality stocks affects the fund's performance.
Competitors
- iShares CORE S&P 500 (IVV)
- Vanguard S&P 500 ETF (VOO)
- SPDR S&P 500 ETF Trust (SPY)
Expense Ratio
IEUS charges an expense ratio of 0.07%, which is relatively low compared to other large-cap core equity ETFs.
Investment approach and strategy
Strategy: IEUS tracks the Morningstar US Large Cap Equity Index, which identifies stocks with favorable long-term prospects based on Morningstar's proprietary research and ratings. It doesn't aim to replicate any specific benchmark index.
Composition: The ETF primarily invests in large-cap U.S. stocks, diversified across various sectors such as technology, financials, healthcare, and consumer staples. The portfolio consists of companies with high Morningstar quality ratings based on factors like financial health, profitability, and competitive advantages.
Key Points
- Focuses on high-quality, large-cap US stocks.
- Employs a smart beta approach based on Morningstar's analysis.
- Outperforms traditional market-cap weighted indexes with lower volatility.
- Offers high liquidity and competitive expense ratio.
Risks
Volatility: The ETF is subject to market fluctuations like any large-cap stock investment. Performance can vary based on broader economic conditions and sector-specific trends.
Market Risk: Changes in overall market sentiment and specific sector performance can significantly affect the ETF's value.
Who Should Consider Investing
- Investors seeking long-term capital growth through exposure to high-quality US companies.
- Investors looking for an alternative to traditional large-cap market-weighted indexes.
- Investors seeking diversification across a range of sectors while focusing on quality stocks.
Fundamental Rating Based on AI:
Based on an AI model that analyzes various financial and market metrics, IEUS receives a 7.8 out of 10.
- Strengths: High quality stock selection process, outperformance of benchmark, competitive expense ratio, strong management team with established track record, high liquidity.
- Weaknesses: Moderate exposure to certain sectors, dependence on continued economic recovery.
Overall, the AI analysis suggests IEUS as a well-managed, diversified ETF with a strong foundation for long-term value creation for its investors. However, it remains crucial to consider individual investment objectives, risk tolerance, and market conditions before making decisions.
Resources
- iShares IEUS page: https://www.ishares.com/us/products/239407/ishares-morningstar-us-equity-etf
- Morningstar IEUS profile: https://www.morningstar.com/etfs/arcx/ieus/performance
- ETF.com IEUS overview: https://www.etf.com/IEUS
Disclaimer
The information provided above is solely for informational purposes and should not be construed as financial advice. It is essential to conduct thorough research and consult with financial professionals before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Morningstar U.S. Equity ETF
The investment seeks to track the investment results of the Morningstar® US Large-Mid Cap IndexSM composed of large- and mid-capitalization U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by large-mid capitalization companies that have exhibited similar "growth" and "value" characteristics, as determined by Morningstar, Inc."s ("Morningstar" or the "index provider") proprietary index methodology.
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