Global X S&P Catholic Values Developed ex-U.S. ETF
ALTAR
Score™
6.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.9x P/Sales
ratio
1.4x
P/BV
ratio
1.5x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating

FUND BASICS
Category International Equities
Fund Sponsor Global X
Website www.globalxetfs.com
Inception date Jun 22, 2020
Assets (mns) $3
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 443
Wgt avg mkt cap (mns) $52,484
Large cap (>$10bn) 91.7%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CSL LIMITED 2.5 %
TOYOTA MOTOR CORP 1.5 %
ASML HOLDING NV 1.5 %
DIAGEO PLC 1.4 %
TAKEDA PHARMACEUTICAL CO LTD 1.3 %
L'OREAL 1.3 %
LVMH MOET HENNESSY LOUIS VUI 1.3 %
PHILIPS ELECTRONICS NV 1.1 %
AIA GROUP LTD 1.1 %
HOYA CORP 1.1 %
Total 14.1 %

TOP COUNTRY EXPOSURE
JAPAN 34.5 %
BRITAIN 10.1 %
FRANCE 9.3 %
AUSTRALIA 8.7 %
GERMANY 8.3 %
NETHERLANDS 4.1 %
SWEDEN 3.7 %
HONG KONG 3.2 %
SWITZERLAND 2.9 %
DENMARK 2.4 %

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.
0.0% -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $28.86
30d moving avg. $26.93
Annualized volatility 0.0%
Short interest (ETF) 31.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $27,778

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Global X S&P Catholic Values Developed ex-U.S. ETF ETF based on the alternatives' overlap in portfolio holdings with CEFA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CEFA Expense: 35 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CEFA
Ticker Fund
Name
Overlap1
vs CEFA
(%)
Expense
ratio
(bp)
Savings
vs CEFA
(bp)
ALTAR
Score™
(%)
ALTAR
vs CEFA
(%)
BKIE BNY Mellon International Equity ETF 65.5 4 31 6.8 +0.6
EFA iShares MSCI EAFE ETF 64.9 32 3 6.5 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 64.5 20 15 6.8 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 64.4 35 0 6.4 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 62.8 20 15 6.6 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 61.9 20 15 6.9 +0.6
IQSI IQ Candriam ESG International Equity ETF 61.6 15 20 6.9 +0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 60.9 20 15 6.4 +0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 58.4 7 28 6.9 +0.6
IEFA iShares Core MSCI EAFE ETF 55.6 7 28 6.7 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 54.0 30 5 6.3 +0.1
SCHF Schwab International Equity ETF 53.7 6 29 6.8 +0.5
JHMD John Hancock Multifactor Developed International ETF 53.4 39 -4 6.8 +0.5
IDEV iShares Core MSCI International Developed Markets ETF 49.9 5 30 6.7 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 49.7 45 -10 8.0 +1.8
SPDW SPDR Portfolio Developed World ex-US ETF 48.8 4 31 6.5 +0.3
FNDF Schwab Fundamental International Large Co. Index ETF 48.7 25 10 8.0 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.6 14 21 6.4 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 48.1 12 23 6.4 +0.2
VEA Vanguard FTSE Developed Markets ETF 47.5 5 30 6.9 +0.6
EFV iShares MSCI EAFE Value ETF 47.4 39 -4 8.7 +2.4
EFG iShares MSCI EAFE Growth ETF 45.6 40 -5 4.3 -2.0
BBEU JPMorgan BetaBuilders Europe ETF 44.6 9 26 6.9 +0.6
DOL WisdomTree International LargeCap Dividend Fund 44.5 48 -13 8.5 +2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 44.4 45 -10 6.3 +0.0
FLEH Franklin FTSE Europe Hedged ETF 44.3 9 26 6.7 +0.5
FLEE Franklin FTSE Europe ETF 44.3 9 26 6.6 +0.3
IEV iShares Europe ETF 44.2 59 -24 6.4 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 44.2 45 -10 6.5 +0.2
CWI SPDR MSCI ACWI ex-US ETF 44.1 30 5 6.7 +0.4
IEUR iShares Core MSCI Europe ETF 43.9 9 26 6.8 +0.5
IPAC iShares Core MSCI Pacific ETF 43.6 9 26 6.6 +0.3
PDEV Principal International Multi-Factor Core Index ETF 43.5 25 10 7.3 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 43.2 25 10 6.3 0.0
FEU SPDR Portfolio Europe ETF 42.9 9 26 6.9 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 42.8 35 0 8.3 +2.0
VGK Vanguard FTSE Europe ETF 42.5 8 27 6.9 +0.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 42.0 16 19 6.4 +0.2
DWM WisdomTree International Equity Fund 41.9 48 -13 8.1 +1.8
VPL Vanguard FTSE Pacific ETF 41.9 8 27 6.8 +0.6
IDY Pacific Global International Equity Income ETF 41.5 39 -4 8.7 +2.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 41.4 39 -4 6.1 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 41.3 32 3 6.7 +0.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 41.3 45 -10 6.5 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 41.2 40 -5 6.6 +0.4
IQIN IQ 500 International ETF 40.3 25 10 7.8 +1.6
VSGX Vanguard ESG International Stock ETF 39.5 17 18 6.7 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 38.8 8 27 7.0 +0.8
ISDX Invesco Strategic Developed ex-US ETF 37.1 23 12 6.6 +0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 36.1 25 10 6.1 -0.1
IXUS ishares Core MSCI Total International Stock ETF 36.0 9 26 6.9 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 35.5 39 -4 7.4 +1.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 35.4 30 5 4.3 -2.0
TPIF Timothy Plan International ETF 35.1 62 -27 6.1 -0.1
RESD WisdomTree International ESG Fund 34.5 30 5 6.4 +0.2
VYMI Vanguard International High Dividend Yield ETF 34.3 27 8 9.4 +3.2
ISZE iShares Edge MSCI Intl Size Factor ETF 34.2 30 5 6.6 +0.3
EWJ iShares MSCI Japan ETF 34.2 49 -14 6.4 +0.2
BBJP JPMorgan BetaBuilders Japan ETF 34.1 19 16 6.7 +0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 33.9 45 -10 6.5 +0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 33.4 29 6 7.3 +1.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 33.3 30 5 5.6 -0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 33.3 14 21 6.9 +0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 33.2 25 10 6.6 +0.4
FLJH Franklin FTSE Japan Hedged ETF 33.2 9 26 6.9 +0.6
FLJP Franklin FTSE Japan ETF 33.1 9 26 6.9 +0.6
JPXN iShares JPX-Nikkei 400 ETF 33.0 48 -13 6.5 +0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 32.7 9 26 6.9 +0.6
RBIN Nationwide Risk-Based International Equity ETF 32.2 42 -7 6.1 -0.2
VXUS Vanguard Total International Stock Index Fund 30.9 8 27 7.0 +0.8
EZU iShares MSCI Eurozone ETF 29.7 49 -14 6.1 -0.2
AVDE Avantis International Equity ETF 29.6 23 12 7.1 +0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 29.4 45 -10 6.2 -0.1
EURZ Xtrackers Eurozone Equity ETF 28.5 9 26 6.5 +0.2
IVLU iShares Edge MSCI Intl Value Factor ETF 28.3 30 5 10.5 +4.3
NUDM Nuveen ESG International Developed Markets Equity ETF 26.9 40 -5 6.2 -0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.3 20 15 5.1 -1.1
IDHQ Invesco S&P International Developed Quality ETF 25.8 29 6 4.8 -1.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.9 24 11 6.7 +0.4
EWJE iShares MSCI Japan Equal Weighted ETF 24.4 15 20 6.6 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.8 42 -7 4.9 -1.4
DXJ WisdomTree Japan Hedged Equity Fund 23.7 48 -13 7.4 +1.1
JPIN JPMorgan Diversified Return International Equity ETF 23.7 37 -2 7.3 +1.1
RNDM Developed International Equity Select ETF 23.6 65 -30 5.8 -0.5
DTH WisdomTree DEFA Equity Income Fund 23.2 58 -23 9.5 +3.2
IGRO iShares International Dividend Growth ETF 22.9 22 13 7.7 +1.4
IDLV Invesco S&P International Developed Low Volatility ETF 22.6 25 10 6.2 -0.0
IDMO Invesco S&P International Developed Momentum ETF 22.4 26 9 3.9 -2.4
FEZ SPDR EURO STOXX 50 ETF 22.3 29 6 6.3 +0.0
QINT American Century Quality Diversified International ETF 22.1 39 -4 6.0 -0.3
FIVA Fidelity International Value Factor ETF 21.7 39 -4 9.1 +2.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 21.6 45 -10 6.2 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 21.6 30 5 5.7 -0.6
FDEV Fidelity Targeted International Factor ETF 21.6 39 -4 6.2 -0.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 21.3 35 0 8.2 +2.0
VGFO Virtus WMC Global Factor Opportunities ETF 21.3 49 -14 7.6 +1.3
URTH iShares MSCI World ETF 20.8 24 11 5.2 -1.0

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:
Global X S&P Catholic Values Developed ex-U.S. ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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