Global X S&P Catholic Values Developed ex-U.S. ETF
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
17.6x P/Sales
ratio
1.4x
P/BV
ratio
1.6x Div.
yield
2.7%


  • 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 487
Wgt avg mkt cap (mns) $66,982
Large cap (>$10bn) 94.2%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
CSL LIMITED 1.9 %
ASML HOLDING NV 1.8 %
TOYOTA MOTOR CORP 1.4 %
LVMH MOET HENNESSY LOUIS VUI 1.3 %
SOFTBANK GROUP CORP. 1.2 %
DIAGEO PLC 1.1 %
L'OREAL 1.1 %
TAKEDA PHARMACEUTICAL CO LTD 1.1 %
AIA GROUP LTD 1.1 %
PHILIPS ELECTRONICS NV 1.0 %
Total 13.0 %

TOP COUNTRY EXPOSURE
JAPAN 32.6 %
BRITAIN 11.1 %
AUSTRALIA 8.9 %
FRANCE 8.8 %
GERMANY 8.2 %
NETHERLANDS 4.7 %
SWEDEN 3.9 %
HONG KONG 3.6 %
SWITZERLAND 3.2 %
SPAIN 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% -- -- -- 23.4%

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

Technical Indicators
Recent close $30.52
30d moving avg. $31.00
Annualized volatility 0.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $42,463

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™: 6.0%


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
(%)
DFAI Dimensional International Core Equity Market ETF 83.0 18 17 6.3 +0.3
EFA iShares MSCI EAFE ETF 68.7 32 3 6.2 +0.2
BKIE BNY Mellon International Equity ETF 68.6 4 31 6.6 +0.6
GSID Goldman Sachs MarketBeta International Equity ETF 68.1 20 15 6.3 +0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 66.7 35 0 6.1 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 66.6 20 15 6.3 +0.2
IQSI IQ Candriam ESG International Equity ETF 64.6 15 20 6.3 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 63.7 20 15 6.5 +0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 62.9 20 15 6.2 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 61.1 7 28 6.5 +0.5
IEFA iShares Core MSCI EAFE ETF 58.6 7 28 6.4 +0.4
JHMD John Hancock Multifactor Developed International ETF 56.4 39 -4 6.4 +0.4
SCHF Schwab International Equity ETF 56.3 6 29 6.5 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 54.9 30 5 6.1 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 52.4 5 30 6.4 +0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 50.7 12 23 5.9 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 50.6 4 31 6.2 +0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 50.1 45 -10 7.5 +1.4
VEA Vanguard FTSE Developed Markets ETF 49.9 5 30 6.5 +0.5
EFV iShares MSCI EAFE Value ETF 48.3 39 -4 8.2 +2.2
FNDF Schwab Fundamental International Large Co. Index ETF 48.1 25 10 7.6 +1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 47.7 14 21 6.0 -0.0
EFG iShares MSCI EAFE Growth ETF 47.1 40 -5 4.0 -2.0
BBEU JPMorgan BetaBuilders Europe ETF 47.0 9 26 6.7 +0.6
FLEE Franklin FTSE Europe ETF 46.6 9 26 6.5 +0.4
FLEH Franklin FTSE Europe Hedged ETF 46.6 9 26 6.5 +0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.5 45 -10 6.1 +0.1
IEV iShares Europe ETF 46.3 59 -24 6.1 +0.1
IEUR iShares Core MSCI Europe ETF 46.0 9 26 6.5 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.8 25 10 6.1 +0.1
DOL WisdomTree International LargeCap Dividend Fund 45.4 48 -13 7.2 +1.1
CWI SPDR MSCI ACWI ex-US ETF 45.4 30 5 6.2 +0.2
PDEV Principal International Multi-Factor Core Index ETF 45.4 25 10 6.9 +0.9
SPEU SPDR Portfolio Europe ETF 45.2 9 26 6.6 +0.5
VGK Vanguard FTSE Europe ETF 44.9 8 27 6.6 +0.6
VSGX Vanguard ESG International Stock ETF 44.2 17 18 6.3 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 44.0 40 -5 7.3 +1.2
IPAC iShares Core MSCI Pacific ETF 43.7 9 26 6.2 +0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 43.5 39 -4 5.6 -0.4
DWM WisdomTree International Equity Fund 43.2 48 -13 7.2 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 42.8 32 3 6.3 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 42.7 45 -10 6.3 +0.3
VPL Vanguard FTSE Pacific ETF 42.6 8 27 6.4 +0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 42.5 45 -10 6.4 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 42.1 16 19 5.9 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 41.9 40 -5 6.1 +0.1
VEU Vanguard FTSE All-World ex-US Index Fund 41.6 8 27 6.6 +0.6
IQIN IQ 500 International ETF 40.3 25 10 7.4 +1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 37.7 25 10 6.1 +0.1
IXUS ishares Core MSCI Total International Stock ETF 36.9 9 26 6.4 +0.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 36.9 23 12 6.3 +0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 36.7 30 5 6.1 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 36.3 39 -4 6.8 +0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 35.7 30 5 3.9 -2.1
TPIF Timothy Plan International ETF 35.6 62 -27 6.0 -0.0
RESD WisdomTree International ESG Fund 34.9 30 5 6.5 +0.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 34.6 29 6 7.1 +1.1
VYMI Vanguard International High Dividend Yield ETF 34.5 27 8 9.0 +3.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 34.1 30 5 5.4 -0.6
RBIN Nationwide Risk-Based International Equity ETF 33.3 42 -7 5.9 -0.1
IVLU iShares Edge MSCI Intl Value Factor ETF 32.8 30 5 9.8 +3.8
BBJP JPMorgan BetaBuilders Japan ETF 32.5 19 16 6.3 +0.3
EWJ iShares MSCI Japan ETF 32.3 51 -16 6.0 -0.0
FLJP Franklin FTSE Japan ETF 32.2 9 26 6.5 +0.5
FLJH Franklin FTSE Japan Hedged ETF 32.2 9 26 6.5 +0.5
ZJPN SPDR Solactive Japan ETF 32.2 14 21 6.5 +0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 32.1 25 10 6.3 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 32.1 45 -10 6.0 0.0
JPXN iShares JPX-Nikkei 400 ETF 31.6 48 -13 6.1 +0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 31.4 9 26 6.5 +0.4
AVDE Avantis International Equity ETF 30.6 23 12 6.8 +0.7
EZU iShares MSCI Eurozone ETF 29.8 51 -16 5.9 -0.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 29.5 45 -10 6.0 -0.0
VXUS Vanguard Total International Stock ETF 28.8 8 27 6.6 +0.5
EURZ Xtrackers Eurozone Equity ETF 28.4 9 26 6.4 +0.3
NUDM Nuveen ESG International Developed Markets Equity ETF 27.7 40 -5 5.8 -0.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 26.2 24 11 6.6 +0.6
JPIN JPMorgan Diversified Return International Equity ETF 25.0 37 -2 7.0 +1.0
RNDM First Trust Developed International Equity Select ETF 24.9 65 -30 5.7 -0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 24.4 42 -7 4.9 -1.1
EWJE iShares MSCI Japan Equal Weighted ETF 24.3 15 20 6.2 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 24.1 20 15 5.1 -0.9
IDMO Invesco S&P International Developed Momentum ETF 23.8 26 9 3.7 -2.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.5 35 0 7.8 +1.7
DXJ WisdomTree Japan Hedged Equity Fund 23.2 48 -13 7.4 +1.4
QINT American Century Quality Diversified International ETF 22.9 39 -4 6.5 +0.5
DTH WisdomTree International High Dividend Fund 22.8 58 -23 8.5 +2.5
FIVA Fidelity International Value Factor ETF 22.6 39 -4 8.6 +2.5
FEZ SPDR EURO STOXX 50 ETF 22.3 29 6 6.1 +0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 22.2 45 -10 6.1 +0.1
FDEV Fidelity Targeted International Factor ETF 21.9 39 -4 5.9 -0.1
QWLD SPDR MSCI World StrategicFactors ETF 21.9 30 5 5.6 -0.5
URTH iShares MSCI World ETF 21.8 24 11 5.1 -0.9
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 21.8 61 -26 4.2 -1.9
IDLV Invesco S&P International Developed Low Volatility ETF 21.2 25 10 6.2 +0.2
VWID Virtus WMC International Dividend ETF 21.2 49 -14 7.5 +1.5
IDHQ Invesco S&P International Developed Quality ETF 20.7 29 6 5.2 -0.8

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 9.8 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.54
 
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.