iShares Edge MSCI Multifactor Intl ETF (INTF)

Overview

The iShares Edge MSCI Multifactor Intl ETF (INTF) seeks to provide investment results that correspond to the performance of the MSCI World ex USA Diversified Multiple-Factor Index, which is designed to represent the performance of securities that have high exposure to four investment factors: value, momentum, quality and size. The fund targets developed markets outside the U.S., aiming for long-term capital appreciation by focusing on stocks exhibiting these specific factors.

Reputation and Reliability

iShares is a well-established and reputable provider of ETFs, known for its wide range of investment products and efficient tracking of underlying indexes. They are considered a reliable issuer in the ETF market.

Management Expertise

BlackRock, the parent company of iShares, has extensive experience and expertise in managing ETFs, with a large team of investment professionals dedicated to portfolio management and index tracking.

Goal

The primary investment goal is to track the investment results of the MSCI World ex USA Diversified Multiple-Factor Index.

Investment Approach and Strategy

Strategy: The fund employs a passive management strategy seeking to replicate the MSCI World ex USA Diversified Multiple-Factor Index. It generally invests in the securities comprising the index in proportions that approximate the indexu2019s weightings.

Composition The ETF primarily holds stocks from developed markets outside the U.S. that exhibit favorable characteristics based on value, momentum, quality, and size factors.

Market Share: Data not readily available on exact market share within its specific multifactor international ETF sub-segment.

Total Net Assets (AUM): 438300000

Key Competitors

• Avantis International Equity ETF (AVEM)
• Dimensional International Core Equity Market ETF (DFAI)
• Vanguard FTSE Developed Markets ETF (VEA)

Competitive Landscape

The international equity ETF market is highly competitive, with numerous funds offering exposure to various strategies and regions. INTF distinguishes itself through its multifactor approach, potentially offering enhanced returns compared to broad market-cap-weighted ETFs. Competitors offer different factor combinations, lower fees, or broader market coverage which make them have advantages. INTF's disadvantages may include potential underperformance relative to specific factors during certain market conditions and higher expenses compared to some broad-market ETFs.

Historical Performance: Historical performance data can be obtained from iShares or other financial data providers.

Benchmark Comparison: Benchmark comparison can be obtained from iShares or other financial data providers by comparing the ETF to the MSCI World ex USA Index.

Expense Ratio: 0.003

Average Trading Volume

The average trading volume is approximately 80,000 shares daily, indicating decent liquidity for most investors.

Bid-Ask Spread

The typical bid-ask spread is around 0.02%, suggesting relatively low trading costs.

Market Environment Factors

Global economic growth, international trade policies, currency fluctuations, and geopolitical events significantly impact INTF. Developed market economic conditions and interest rate policies also influence the fund's performance.

Growth Trajectory

INTF's growth depends on investor demand for multifactor strategies and the relative performance of the underlying factors. Changes in factor weightings within the index and shifts in market sentiment can affect its growth trajectory.

Competitive Edge

INTF's multifactor approach, leveraging value, momentum, quality, and size, aims to deliver superior risk-adjusted returns. The iShares brand provides investor confidence. The ETF's diversified exposure to international developed markets also enhances its appeal. BlackRock's expertise and scale further support INTF's competitive position. However, the fund's effectiveness depends on the sustained performance of its factor selection model.

Volatility

INTF's volatility is influenced by the volatility of international equity markets and the sensitivity of its factor exposures. Historical volatility metrics can be found on financial data platforms.

Market Risk

Specific risks include currency risk, political instability in international markets, and potential underperformance of the chosen factors relative to the broader market. International equities generally carry higher risks compared to U.S. equities.

Ideal Investor Profile

Ideal investors are those seeking diversified exposure to international developed market equities with a focus on factor-based investing. Investors with a medium to long-term investment horizon and a tolerance for moderate risk would be most suitable.

Market Risk

INTF is suitable for long-term investors looking for international diversification and factor-based returns. It may not be ideal for active traders seeking short-term gains due to its multifactor strategy and focus on long-term appreciation.

The iShares Edge MSCI Multifactor Intl ETF offers exposure to international developed markets using a multifactor approach, targeting value, momentum, quality, and size. It seeks to provide enhanced returns compared to broad market-cap-weighted ETFs, but performance is dependent on the success of the factor model. The ETF is suitable for long-term investors seeking international diversification with a focus on factors. BlackRock's iShares brand and expertise provide a solid foundation, but investors should consider the fund's expense ratio and potential risks.

Data Sources:

• iShares Official Website
• Morningstar
• Bloomberg

Disclaimers:

The data and analysis provided are for informational purposes only and do not constitute investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.