IPAC
iShares Core MSCI Pacific ETF
The iShares Core MSCI Pacific ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of Pacific region developed market large, mid and small capitalization equities.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
2.0 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 10, 2014 |
| Assets (mns) | $2,036 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TOYOTA MOTOR CORP | 2.6 % |
| COMMONWEALTH BANK OF AUSTRAL | 2.4 % |
| BHP BILLITON LTD | 1.9 % |
| MITSUBISHI UFJ FINANCIAL GRO | 1.9 % |
| HITACHI LTD | 1.7 % |
| SONY CORP | 1.7 % |
| RECRUIT HOLDINGS CO LTD | 1.4 % |
| SUMITOMO MITSUI FINANCIAL GR | 1.3 % |
| CSL LIMITED | 1.2 % |
| KEYENCE CORP | 1.2 % |
Constituent Breakdown
| Number of holdings | 1444 |
| Herfindahl-Hirschman Index | 61 |
| Wgt avg mkt cap (mns) | $42,981 |
| Large cap (>$10bn) | 66.6% |
| Mid cap ($2-10bn) | 25.2% |
| Small cap (<$2bn) | 8.2% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.7% |
Country Exposure
 |
JAPAN | 66.4 % |
 |
AUSTRALIA | 20.8 % |
 |
HONG KONG | 5.0 % |
 |
SINGAPORE | 4.6 % |
 |
NEW ZEALAND | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.1% | 16.4% | 15.2% | 0.4% | 4.2% | -- | 4.8% | Volatility | 15.5% | 15.3% | 15.4% | 16.4% | 18.8% | 16.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 73% |
| MSCI EAFE | 0.92 | 91% |
| MSCI Emg Mkts | 0.85 | 76% |
Liquidity Measures
| Avg. volume (000) | 48 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $54,660 |
Technical Indicators
| Recent close | $63.23 |
| 30d moving avg. | $64.84 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IPAC |
Expenses vs. IPAC |
ALTAR Score™ vs. IPAC |
|---|---|---|---|---|
| VPL | Vanguard FTSE Pacific ETF | 84.9% | -1 bp | +0.5% |
| FLJP | Franklin FTSE Japan ETF | 62.3% | 0 bp | +0.6% |
| FLJH | Franklin FTSE Japan Hedged ETF | 62.1% | 0 bp | +0.5% |
| BBJP | JPMorgan BetaBuilders Japan ETF | 54.9% | +10 bp | +0.6% |
| JPXN | iShares JPX-Nikkei 400 ETF | 54.3% | +39 bp | +1.4% |
| DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 53.8% | +38 bp | +0.2% |
| EWJ | iShares MSCI Japan ETF | 53.6% | +41 bp | +0.7% |
| GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 52.6% | +16 bp | +1.3% |
| DXJ | WisdomTree Japan Hedged Equity Fund | 42.0% | +39 bp | +1.3% |
| IQSI | IQ Candriam International Equity ETF | 38.5% | +6 bp | -0.6% |
Risk and Returns: IPAC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IPAC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
IPAC
7.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. IPAC's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places IPAC in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IPACSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| IPAC (9 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IPAC | 9.0 | 11.1 | 20.1 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .