Compass EMP Dev. 500 Enhanced Vol. Wgt.
ALTAR
Score™
6.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.9x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Compass EMP Developed 500 Enhanced Volatility Weighted Index ETF is an exchange traded fund incorporated in the USA. The Fund seeks to provide investment results that match the performance of the CEMP International 500 Long/Cash Volatility Weighted Index before fees and expenses.

FUND BASICS
Category International Equities
Fund Sponsor Compass Efficient Model Portfo
Website www.compassempfunds.com
Inception date Sep 30, 2014
Assets (mns) $95
Currency USD
Expense ratio 45 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian US Bank NA
Weighting Technical
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 499
Wgt avg mkt cap (mns) $32,753
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 16.0%
Small cap (<$2bn) 0.4%
Developed mkts 95.8%
Emerging mkts 4.2%

TOP TEN HOLDINGS
NATIONAL BANK OF CANADA 0.5 %
TELUS CORPORATION 0.4 %
FORTIS INC 0.4 %
ROYAL BANK OF CANADA 0.4 %
BCE INC. 0.4 %
BANK OF NOVA SCOTIA 0.4 %
EMERA INC 0.4 %
TORONTO-DOMINION BANK 0.4 %
HONGKONG ELECTRIC HOLDINGS 0.4 %
ASSICURAZIONI GENERALI 0.4 %
Total 3.9 %

TOP COUNTRY EXPOSURE
JAPAN 20.3 %
CANADA 11.3 %
BRITAIN 9.5 %
FRANCE 9.1 %
SWITZERLAND 6.9 %
AUSTRALIA 5.7 %
GERMANY 5.2 %
HONG KONG 4.4 %
SOUTH KOREA 3.9 %
NETHERLANDS 3.0 %

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.
7.3% 6.4% -- -- 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.54 46%
MSCI EAFE 0.80 85%
MSCI Emg. Mkts. 0.60 78%

Technical Indicators
Recent close $32.61
30d moving avg. $31.96
Annualized volatility 9.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.4%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $35,491

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Compass EMP Dev. 500 Enhanced Vol. Wgt. ETF based on the alternatives' overlap in portfolio holdings with CIZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CIZ Expense: 45 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CIZ
Ticker Fund
Name
Overlap1
vs CIZ
(%)
Expense
ratio
(bp)
Savings
vs CIZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs CIZ
(%)
CIL Victory CEMP International Volatility Wtd 98.8 45 0 6.9 0.0
HFXI IQ 50 Percent Hedged FTSE Int'l 49.6 20 25 7.2 +0.3
GSIE Goldman Sachs ActiveBeta Int'l Equity 48.9 25 20 6.7 -0.2
SCHF Schwab International Equity 48.9 6 39 7.4 +0.5
SPDW SPDR Portfolio World ex-US 48.3 4 41 7.2 +0.3
JHMD John Hancock Multifactor Developed International 48.0 45 0 7.2 +0.3
PDEV Principal International Multi-Factor Core Index 47.8 25 20 6.9 -0.0
EFA iShares MSCI EAFE 47.7 31 14 7.0 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free 46.9 20 25 7.1 +0.2
DBEF Xtrackers MSCI EAFE Hedged 46.8 35 10 6.8 -0.1
PQIN PGIM QMA Strategic Alpha International Equity 46.5 29 16 7.4 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America 46.2 7 38 7.5 +0.6
IDEV iShares Core MSCI Int'l Developed Markets 45.9 5 40 7.1 +0.2
ESGD iShares MSCI EAFE ESG Optimized 45.8 20 25 6.9 -0.0
ISZE iShares MSCI Int'l Developed Size Factor 45.6 30 15 6.7 -0.2
VEA Vanguard Europe Pacific 45.1 5 40 7.3 +0.4
QEFA SPDR MSCI EAFE Quality Mix 45.0 30 15 6.6 -0.3
PXF Invesco FTSE-RAFI Developed ex-US 44.5 45 0 8.1 +1.2
FNDF Schwab Fundamental Intl Large Cap 44.2 25 20 7.5 +0.6
IEFA iShares Core MSCI EAFE 43.6 7 38 7.1 +0.2

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:
Compass EMP Dev. 500 Enhanced Vol. Wgt.
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 10.8 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.