BLDRs Developed Markets 100 ADR
ALTAR
Score™
9.0% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.3x P/Sales
ratio
1.3x
P/BV
ratio
1.2x Div.
yield
5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
PowerShares BLDRS Developed Markets 100 ADR Index Fund seeks results that correspond to the price and yield performance of The Bank of New York Developed Markets 100 ADR Index.

FUND BASICS
Category International Equities
Fund Sponsor Bank of New York
Website www.powershares.com
Inception date Nov 13, 2002
Assets (mns) $31
Currency USD
Expense ratio 30 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 81
Wgt avg mkt cap (mns) $108,837
Large cap (>$10bn) 98.0%
Mid cap ($2-10bn) 1.9%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVARTIS AG-ADR 5.9 %
TOYOTA MOTOR CORP -SPON ADR 4.8 %
HSBC HOLDINGS PLC-SPONS ADR 3.9 %
SAP AG-SPONSORED ADR 3.8 %
TOTAL SA-SPON ADR 3.5 %
BP PLC-SPONS ADR 3.4 %
ROYAL DUTCH SHELL PLC-ADR 3.3 %
ASTRAZENECA PLC-SPONS ADR 3.2 %
ASML HOLDING NV-NY REG SHS 3.0 %
ROYAL DUTCH SHELL PLC-ADR 2.9 %
Total 37.8 %

TOP COUNTRY EXPOSURE
BRITAIN 37.7 %
JAPAN 15.3 %
SWITZERLAND 9.6 %
NETHERLANDS 7.9 %
FRANCE 7.1 %
GERMANY 4.6 %
SPAIN 3.6 %
AUSTRALIA 3.5 %
DENMARK 2.6 %
BELGIUM 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.8% 6.1% 1.7% 4.0% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 0.74 64%
MSCI EAFE 0.97 93%
MSCI Emg. Mkts. 0.65 67%

Technical Indicators
Recent close $21.94
30d moving avg. $21.47
Annualized volatility 11.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 0.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.1%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $3,535

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the BLDRs Developed Markets 100 ADR ETF based on the alternatives' overlap in portfolio holdings with ADRD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ADRD Expense: 30 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ADRD
Ticker Fund
Name
Overlap1
vs ADRD
(%)
Expense
ratio
(bp)
Savings
vs ADRD
(bp)
ALTAR
Score™
(%)
ALTAR
vs ADRD
(%)
ADRU BLDRs Europe 100 ADR 80.0 30 0 8.0 -1.0
ADRA BLDRs Asia 50 ADR 19.0 30 0 9.4 +0.4
PPH VanEck Vectors Pharmaceuticals 18.2 36 -6 9.4 +0.4
GCOW Pacer Global Cash Cows Dividend 17.7 60 -30 9.9 +0.9
AADR WCM/BNY Mellon Focused Growth 14.6 110 -80 3.1 -5.9
AVDE Avantis International Equity 14.3 23 7 7.3 -1.7
ICOW Pacer Developed Markets Int'l Cash Cows 100 13.8 65 -35 9.5 +0.5
PID Invesco International Dividend Achievers 13.5 54 -24 7.3 -1.7
AIIQ AI Powered International Equity 12.9 79 -49 4.4 -4.6
ACT AdvisorShares Vice 10.5 99 -69 7.4 -1.6
TTFS AdvisorShares Whilshire Buyback 7.1 91 -61 6.4 -2.6
FVD First Trust Value Line Dividend 5.8 70 -40 5.8 -3.2
VALX Validea Market Legends 5.4 79 -49 8.0 -1.0
BLCN Reality Shares NASDAQ NextGen Economy 5.4 68 -38 5.6 -3.3
XKII SPDR Kensho Intelligent Structures 5.3 45 -15 6.6 -2.4
ACIO Aptus Collared Income Opportunity 4.8 79 -49 6.7 -2.2
CVY Invesco Multi-Asset Income 4.4 97 -67 9.4 +0.4
KOMP SPDR Kensho New Economies Composite 3.9 20 10 3.8 -5.2
XKST SPDR Kensho Smart Mobility 3.6 45 -15 6.2 -2.8
DTEC ALPS Disruptive Technologies 3.6 50 -20 3.5 -5.5

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
BLDRs Developed Markets 100 ADR
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.63
 
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.