AI Powered International Equity
ALTAR
Score™
4.6% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
19.8x P/Sales
ratio
1.5x
P/BV
ratio
2.1x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AI Powered International Equity ETF is an actively managed fund of developed-market ex-US companies selected by a proprietary, quantitative model that incorporates artificial intelligence (AI).

FUND BASICS
Category international Equities
Fund Sponsor ETF Managers Group
Website www.aiiqetf.com
Inception date Jun 06, 2018
Assets (mns) $4
Currency USD
Expense ratio 79 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 155
Wgt avg mkt cap (mns) $48,324
Large cap (>$10bn) 71.0%
Mid cap ($2-10bn) 19.1%
Small cap (<$2bn) 9.8%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP -SPON ADR 2.9 %
BROOKFIELD ASSET MANAGE-CL A 2.6 %
SHOPIFY, INC. CLASS A 2.5 %
SAP AG-SPONSORED ADR 2.3 %
INGERSOLL-RAND PLC 2.0 %
CYBERARK SOFTWARE LTD. 1.9 %
SIEMENS AG-SPONS ADR 1.8 %
MELLANOX TECHNOLOGIES LTD 1.8 %
LIBERTY GLOBAL PLC-SERIES C 1.8 %
TOKIO MARINE HOLDINGS, INC. SPONSO 1.7 %
Total 21.1 %

TOP COUNTRY EXPOSURE
CANADA 31.6 %
JAPAN 10.0 %
ISRAEL 9.4 %
BRITAIN 7.4 %
IRELAND 6.0 %
GERMANY 4.8 %
SWITZERLAND 4.7 %
NETHERLANDS 3.1 %
HONG KONG 1.2 %
UNITED STATES 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
25.7% 17.4% -- -- 8.4%

Market Correlations
versus... Beta R-squared
S&P500 0.84 80%
MSCI EAFE 1.00 80%
MSCI Emg. Mkts. 0.77 65%

Technical Indicators
Recent close $26.48
30d moving avg. $25.81
Annualized volatility 15.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $7,837

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the AI Powered International Equity ETF based on the alternatives' overlap in portfolio holdings with AIIQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIIQ Expense: 79 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIIQ
Ticker Fund
Name
Overlap1
vs AIIQ
(%)
Expense
ratio
(bp)
Savings
vs AIIQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIIQ
(%)
QCAN SPDR MSCI Canada Quality Mix 18.0 14 65 7.2 +2.6
EWC iShares MSCI Canada 17.6 47 32 7.1 +2.5
BBCA JPMorgan BetaBuilders Canada 17.4 19 60 7.2 +2.6
FLCA Franklin FTSE Canada 15.6 9 70 7.6 +3.0
ADRD BLDRs Developed Markets 100 ADR 13.3 30 49 8.9 +4.3
PID Invesco International Dividend Achievers 13.1 54 25 7.3 +2.7
ADRU BLDRs Europe 100 ADR 10.4 30 49 8.1 +3.5
AVDE Avantis International Equity 10.0 23 56 7.5 +2.9
FCAN First Trust Canada 9.4 80 -1 4.9 +0.3
ITEQ BlueStar TA-BIGITech Israel Technology 9.2 75 4 2.2 -2.4
IZRL ARK Israel Innovative Technology 9.0 49 30 0.3 -4.3
IDMO Invesco S&P Int'l Dev. Momentum 8.5 25 54 4.6 0.0
AADR WCM/BNY Mellon Focused Growth 8.0 110 -31 3.1 -1.5
ISRA VanEck Vectors Israel 7.6 60 19 7.1 +2.5
ISDX Invesco Strategic Developed ex-US 7.1 23 56 7.6 +3.0
IDLV Invesco S&P Int'l Developed Low Volatility 6.2 25 54 6.3 +1.7
EIS iShares MSCI Israel Capped 6.1 59 20 8.9 +4.3
FVD First Trust Value Line Dividend 6.0 70 9 5.7 +1.1
TPIF Timothy Plan International 5.5 62 17 6.5 +1.9
FVL First Trust Value Line 100 5.5 70 9 4.2 -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

  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

Content on this tab for subscribers only

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:
AI Powered International Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.