Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 19.0x P/Sales
ratio		 1.4x
P/BV
ratio		 1.7x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ASCG tracks an index of large- and midcap global stocks outside the US. After excluding certain industries, the index selects stocks with higher ESG scores per MSCI and weights them by market cap. lf

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website dws.com
Inception date Dec 06, 2018
Assets (mns) $8
Currency USD
Expense ratio 16 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 843
Wgt avg mkt cap (mns) $82,959
Large cap (>$10bn) 82.7%
Mid cap ($2-10bn) 16.6%
Small cap (<$2bn) 0.6%
Developed mkts 74.3%
Emerging mkts 25.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 3.5 %
TENCENT HOLDINGS LTD 3.0 %
ROCHE HOLDING AG-GENUSSCHEIN 2.4 %
TAIWAN SEMICONDUCTOR MANUFAC 2.3 %
ASML HOLDING NV 1.4 %
NOVO NORDISK A/S-B 1.1 %
GLAXOSMITHKLINE PLC 1.0 %
TOTAL SA 0.9 %
SIEMENS AG-REG 0.8 %
CSL LIMITED 0.8 %
Total 17.3 %

TOP COUNTRY EXPOSURE
JAPAN 16.5 %
CHINA 9.1 %
BRITAIN 7.3 %
CANADA 7.0 %
FRANCE 5.9 %
SWITZERLAND 5.7 %
GERMANY 5.6 %
AUSTRALIA 5.5 %
TAIWAN 4.6 %
NETHERLANDS 4.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.4% 0.1% -- -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.87 90%
MSCI EAFE 0.95 98%
MSCI Emg. Mkts. 0.75 92%

Technical Indicators
Recent close $25.41
30d moving avg. $23.46
Annualized volatility 19.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $51,002

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF ETF based on the alternatives' overlap in portfolio holdings with ACSG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ACSG Expense: 16 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ACSG
Ticker Fund
Name		 Overlap1
vs ACSG
(%)		 Expense
ratio
(bp)		 Savings
vs ACSG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ACSG
(%)
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 62.8 14 2 7.1 -0.1
IQSI IQ Candriam ESG International Equity ETF 52.7 15 1 7.5 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 51.8 20 -4 7.3 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 50.8 20 -4 7.4 +0.2
EFA iShares MSCI EAFE ETF 49.4 32 -16 7.3 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 49.2 40 -24 7.5 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 48.9 35 -19 7.1 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 48.8 20 -4 7.7 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 48.4 32 -16 7.6 +0.4
VSGX Vanguard ESG International Stock ETF 47.8 17 -1 7.5 +0.3
CWI SPDR MSCI ACWI ex-US ETF 46.7 30 -14 7.8 +0.5
SCHF Schwab International Equity ETF 46.2 6 10 7.5 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 45.8 7 9 7.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 44.3 8 8 7.9 +0.6
IXUS ishares Core MSCI Total International Stock ETF 43.2 9 7 7.7 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 43.2 4 12 7.4 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 42.4 5 11 7.4 +0.2
IEFA iShares Core MSCI EAFE ETF 42.3 7 9 7.4 +0.2
VXUS Vanguard Total International Stock Index Fund 41.6 8 8 7.8 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 40.5 45 -29 9.1 +1.9
VEA Vanguard FTSE Developed Markets ETF 40.4 5 11 7.6 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 40.1 30 -14 6.9 -0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 39.6 25 -9 6.9 -0.3
FNDF Schwab Fundamental International Large Co. Index ETF 39.5 25 -9 8.9 +1.6
JHMD John Hancock Multifactor Developed International ETF 39.0 45 -29 7.6 +0.4
FLEE Franklin FTSE Europe ETF 38.2 9 7 7.2 -0.0
FLEH Franklin FTSE Europe Hedged ETF 38.2 9 7 7.3 +0.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 38.1 30 -14 7.0 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 38.0 45 -29 6.9 -0.3
FEU SPDR Portfolio Europe ETF 37.8 9 7 7.5 +0.2
IEUR iShares Core MSCI Europe ETF 37.8 9 7 7.5 +0.3
EFG iShares MSCI EAFE Growth ETF 37.7 40 -24 4.8 -2.4
BBEU JPMorgan BetaBuilders Europe ETF 37.6 9 7 7.5 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 36.9 39 -23 6.8 -0.4
VGK Vanguard FTSE Europe ETF 36.8 8 8 7.5 +0.3
VYMI Vanguard International High Dividend Yield ETF 36.6 32 -16 10.4 +3.2
IEV iShares Europe ETF 36.6 59 -43 7.0 -0.2
DWM WisdomTree International Equity Fund 36.2 48 -32 8.4 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35.6 35 -19 8.7 +1.5
PDEV Principal International Multi-Factor Core Index ETF 35.4 25 -9 8.0 +0.8
DOL WisdomTree International LargeCap Dividend Fund 34.6 48 -32 8.7 +1.5
CIL VictoryShares International Volatility Weighted Index ETF 34.5 45 -29 6.8 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 32.8 25 -9 6.9 -0.4
ISZE iShares Edge MSCI Intl Size Factor ETF 32.4 30 -14 7.1 -0.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 32.1 48 -32 0.0 -7.2
ISDX Invesco Strategic Developed ex-US ETF 30.9 23 -7 7.6 +0.4
IDY Pacific Global International Equity Income ETF 30.7 39 -23 8.2 +0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 29.4 30 -14 5.0 -2.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 29.3 30 -14 6.3 -0.9
IQIN IQ 500 International ETF 28.9 25 -9 9.2 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 28.5 39 -23 9.2 +2.0
AVDE Avantis International Equity ETF 27.7 23 -7 8.0 +0.8
EFV iShares MSCI EAFE Value ETF 27.5 39 -23 10.3 +3.0
IGRO iShares International Dividend Growth ETF 27.4 22 -6 8.2 +1.0
TPIF Timothy Plan International ETF 27.1 62 -46 7.1 -0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 26.9 83 -67 6.4 -0.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 26.4 20 -4 7.7 +0.5
EEM iShares MSCI Emerging Markets ETF 26.3 68 -52 8.3 +1.1
IEMG iShares Core MSCI Emerging Markets ETF 26.2 14 2 8.8 +1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.9 65 -49 8.4 +1.2
VPL Vanguard FTSE Pacific ETF 25.8 8 8 7.9 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 25.8 24 -8 7.3 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 25.7 40 -24 7.0 -0.2
QINT American Century Quality Diversified International ETF 24.9 39 -23 6.0 -1.2
VIGI Vanguard International Dividend Appreciation ETF 24.2 25 -9 6.0 -1.2
IPAC iShares Core MSCI Pacific ETF 24.2 9 7 7.5 +0.3
VWO Vanguard FTSE Emerging Markets ETF 23.7 10 6 8.9 +1.7
SCHE Schwab Emerging Markets Equity ETF 23.6 13 3 8.7 +1.5
RNDM Developed International Equity Select ETF 23.6 65 -49 6.5 -0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.4 20 -4 5.9 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 23.3 68 -52 8.0 +0.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.1 29 -13 8.2 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 23.0 19 -3 8.6 +1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.9 59 -43 11.2 +3.9
JHEM John Hancock Multifactor Emerging Markets ETF 22.8 55 -39 8.9 +1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.8 45 -29 6.9 -0.3
RBIN Nationwide Risk-Based International Equity ETF 22.7 42 -26 6.5 -0.7
JPEU JPMorgan Diversified Return Europe Equity ETF 22.4 37 -21 7.0 -0.3
ESGE iShares ESG MSCI EM ETF 21.7 25 -9 9.8 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 21.6 30 -14 8.9 +1.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 21.5 45 -29 7.3 +0.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 21.5 14 2 9.6 +2.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 21.3 45 -29 8.8 +1.6
LOWC SPDR MSCI ACWI Low Carbon Target ETF 21.1 20 -4 6.5 -0.8
IDMO Invesco S&P International Developed Momentum ETF 21.1 25 -9 4.7 -2.5
EEMA iShares MSCI Emerging Markets Asia ETF 20.9 50 -34 8.5 +1.3
SPEM SPDR Portfolio Emerging Markets ETF 20.6 11 5 8.7 +1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 20.5 42 -26 5.7 -1.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 20.5 20 -4 6.4 -0.8
ACWI iShares MSCI ACWI ETF 20.4 32 -16 6.1 -1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.3 29 -13 8.8 +1.6
IDHQ Invesco S&P International Developed High Quality ETF 20.3 29 -13 5.5 -1.7
EUMV iShares Edge MSCI Min Vol Europe ETF 20.3 25 -9 5.6 -1.6
SCID Global X Scientific Beta Europe ETF 20.2 38 -22 7.1 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 20.0 45 -29 6.9 -0.3
EURZ Xtrackers Eurozone Equity ETF 19.9 9 7 7.3 +0.1
EZU iShares MSCI Eurozone ETF 19.8 49 -33 7.0 -0.3
JPGE JPMorgan Diversified Return Global Equity ETF 19.5 29 -13 7.4 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 19.2 32 -16 6.9 -0.4

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.59
 
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.