JPMorgan BetaBuilders Canada
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.2x P/Sales
ratio
1.7x
P/BV
ratio
1.8x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The JPMorgan BetaBuilders Canada ETF tracks a market-cap-weighted index of large- and midcap Canadian equities.

FUND BASICS
Category International Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Aug 07, 2018
Assets (mns) $3,891
Currency USD
Expense ratio 19 bp
Distributions Quarterly

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 97
Wgt avg mkt cap (mns) $42,750
Large cap (>$10bn) 85.2%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROYAL BANK OF CANADA 7.7 %
TORONTO-DOMINION BANK 6.9 %
ENBRIDGE INC 5.0 %
BANK OF NOVA SCOTIA 4.6 %
CANADIAN NATL RAILWAY CO 4.4 %
BROOKFIELD ASSET MANAGE-CL A 3.4 %
SUNCOR ENERGY INC 3.3 %
BANK OF MONTREAL 3.2 %
TRANSCANADA CORP 3.1 %
MANULIFE FINANCIAL CORP 2.5 %
Total 44.1 %

TOP COUNTRY EXPOSURE
CANADA 99.4 %










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.
22.3% 12.7% -- -- 3.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 85%
MSCI EAFE 1.16 80%
MSCI Emg. Mkts. 0.90 67%

Technical Indicators
Recent close $25.48
30d moving avg. $25.12
Annualized volatility 19.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 148
Turnover 0.1%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $3,874

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the JPMorgan BetaBuilders Canada ETF based on the alternatives' overlap in portfolio holdings with BBCA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBCA Expense: 19 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBCA
Ticker Fund
Name
Overlap1
vs BBCA
(%)
Expense
ratio
(bp)
Savings
vs BBCA
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBCA
(%)
QCAN SPDR MSCI Canada Quality Mix 94.9 14 5 7.3 +0.0
EWC iShares MSCI Canada 93.2 47 -28 7.2 -0.1
FLCA Franklin FTSE Canada 87.6 9 10 7.7 +0.4
PID Invesco International Dividend Achievers 32.5 54 -35 7.4 +0.1
FCAN First Trust Canada 24.9 80 -61 5.0 -2.3
AIIQ AI Powered International Equity 18.0 79 -60 4.4 -2.9
IDLV Invesco S&P Int'l Developed Low Volatility 16.8 25 -6 6.4 -0.9
NANR SPDR S&P N. American Nat. Resources 16.4 35 -16 4.2 -3.1
IGRO iShares International Dividend Growth 15.1 22 -3 8.0 +0.7
NFRA FlexShares STOXX Global Broad Infrastructure 15.0 47 -28 6.5 -0.8
ISDX Invesco Strategic Developed ex-US 14.4 23 -4 7.8 +0.5
IMTM iShares MSCI Int'l Developed Momentum 13.5 30 -11 5.3 -2.0
INTF iShares FactorSelect MSCI International 11.8 30 -11 8.4 +1.1
IXC iShares S&P Global Energy Sector 11.8 46 -27 5.2 -2.0
TOLZ ProShares Global Infrastructure 11.7 46 -27 5.2 -2.1
FID First Trust S&P International Dividend Aristocrats 11.7 60 -41 7.3 0.0
INFR Legg Mason Global Infrastructure 11.5 40 -21 5.7 -1.6
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 11.2 45 -26 7.0 -0.3
CIL Victory CEMP International Volatility Wtd 11.2 45 -26 7.0 -0.3

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%.

Content on this tab for subscribers only**

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:
JPMorgan BetaBuilders Canada
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 12.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.