Global X MSCI Colombia ETF
ALTAR
Score™		 18.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.0x P/Sales
ratio		 1.1x
P/BV
ratio		 1.8x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Colombia 20 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Colombia 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 05, 2009
Assets (mns) $97
Currency USD
Expense ratio 62 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $2,106
Large cap (>$10bn) 36.8%
Mid cap ($2-10bn) 46.5%
Small cap (<$2bn) 14.5%
Developed mkts 19.0%
Emerging mkts 78.4%

TOP TEN HOLDINGS
CASH 15.3 %
BANCOLOMBIA SA 8.2 %
ECOPETROL SA 7.9 %
INTERCONEXION ELECTRICA SA 7.7 %
TECNOGLASS INC. 5.9 %
EMPRESA DE ENERGIA DE BOGOTA 4.7 %
CEMENTOS ARGOS SA 4.4 %
GRUPO AVAL ACCIONES-PF 4.0 %
CELSIA SA ESP 4.0 %
BANCO DAVIVIENDA SA 3.9 %
Total 66.0 %

TOP COUNTRY EXPOSURE
COLOMBIA 63.2 %
CHILE 11.6 %
CANADA 10.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
26.5% 22.3% 10.8% 0.1% 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.70 25%
MSCI EAFE 0.90 43%
MSCI Emg. Mkts. 0.86 41%

Technical Indicators
Recent close $28.84
30d moving avg. $29.35
Annualized volatility 22.7%
Short interest (ETF) 0.5%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 57
Turnover 1.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $67

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 192 potential alternatives to the Global X MSCI Colombia ETF ETF based on the alternatives' overlap in portfolio holdings with COLO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: COLO Expense: 62 bp ALTAR Score™: 18.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH COLO
Ticker Fund
Name		 Overlap1
vs COLO
(%)		 Expense
ratio
(bp)		 Savings
vs COLO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs COLO
(%)
GVAL Cambria Global Value ETF 10.0 68 -6 11.2 -7.4
ECH iShares MSCI Chile ETF 5.2 58 4 9.0 -9.6
FLN First Trust Latin America AlphaDEX Fund 4.4 80 -18 10.3 -8.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 2 11.0 -7.6
SGDJ Sprott Junior Gold Miners ETF 3.1 50 12 5.1 -13.5
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.6 55 7 6.3 -12.3
FRNW Fidelity Clean Energy ETF 2.5 39 23 4.1 -14.4
EPU iShares MSCI Peru and Global Exposure ETF 2.2 59 3 7.4 -11.2
FIDI Fidelity International High Dividend ETF 2.1 18 44 9.0 -9.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 2 7.2 -11.4
FLLA Franklin FTSE Latin America ETF 2.0 19 43 13.4 -5.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 70 -8 14.5 -4.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -5 13.8 -4.8
ILF iShares Latin America 40 ETF 1.4 48 14 13.0 -5.6
ICLN iShares Global Clean Energy ETF 1.4 41 21 6.0 -12.6
FRDM Freedom 100 Emerging Markets ETF 1.4 49 13 8.8 -9.8
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -18 12.2 -6.3
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 37 12.9 -5.6
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 3 12.0 -6.6
GOEX Global X Gold Explorers ETF 1.0 65 -3 4.3 -14.3
WWJD Inspire International ETF 1.0 80 -18 7.3 -11.3
SDIV Global X Superdividend ETF 1.0 58 4 41.2 +22.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.0 29 33 8.8 -9.8
VRAI Virtus Real Asset Income ETF 1.0 55 7 10.8 -7.8
DEEP Roundhill Acquirers Deep Value ETF 0.9 80 -18 18.3 -0.2
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.9 60 2 8.5 -10.0
RNSC Furst Trust Small Cap US Equity Select ETF 0.9 60 2 6.1 -12.4
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 19 6.4 -12.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 15 9.3 -9.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.8 47 15 8.5 -10.1
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 23 11.8 -6.7
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.7 80 -18 14.5 -4.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -26 9.4 -9.2
XT iShares Exponential Technologies ETF 0.6 46 16 4.8 -13.7
SMOG VanEck Low Carbon Energy ETF 0.5 61 1 1.6 -16.9
BLES Inspire Global Hope ETF 0.5 61 1 6.9 -11.7
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -8 8.3 -10.3
OCEN IQ Clean Oceans ETF 0.5 45 17 6.2 -12.3
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 7.9 -10.7
IDV iShares International Select Dividend ETF 0.4 51 11 11.2 -7.4
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 27 1.1 -17.4
RING iShares MSCI Global Gold Miners ETF 0.4 39 23 5.7 -12.9
FYC First Trust Small Cap Growth AlphaDEX Fund 0.4 71 -9 0.5 -18.1
XCEM Columbia EM Core ex-China ETF 0.4 16 46 8.1 -10.4
COPY Tweedy, Browne Insider + Value ETF 0.3 80 -18 12.0 -6.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 3 11.8 -6.7
DFEV Dimensional Emerging Markets Value ETF 0.3 43 19 13.4 -5.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 47 6.2 -12.3
PSC Principal U.S. Small-Cap ETF 0.2 38 24 7.0 -11.6
AVDV Avantis International Small Cap Value ETF 0.2 36 26 10.2 -8.4
JXI iShares Global Utilities ETF 0.2 43 19 5.9 -12.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 23 16.4 -2.2
ESGE iShares ESG Aware MSCI EM ETF 0.2 25 37 10.2 -8.4
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 3 4.3 -14.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 1 6.6 -12.0
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 27 19.4 +0.8
EWC iShares MSCI Canada ETF 0.2 50 12 6.4 -12.2
LDEM iShares ESG MSCI EM Leaders ETF 0.2 17 45 13.2 -5.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 42 6.6 -11.9
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 55 10.7 -7.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -18 11.3 -7.3
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 27 7.8 -10.8
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 47 7.7 -10.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 54 6.8 -11.7
VIDI Vident International Equity Strategy ETF 0.1 61 1 11.4 -7.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.1 45 17 10.6 -8.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.1 24 38 8.2 -10.3
GWX SPDR S&P International Small Cap ETF 0.1 40 22 6.3 -12.3
IWO iShares Russell 2000 Growth ETF 0.1 24 38 1.4 -17.1
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 52 1.5 -17.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 47 10.4 -8.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 8.9 -9.7
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 37 10.6 -8.0
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 10 7.2 -11.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 7.0 -11.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 51 11.2 -7.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 58 6.3 -12.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 5.8 -12.8
AVXC Avantis Emerging Markets Ex-China Equity ETF 0.1 33 29 8.7 -9.9
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 37 12.0 -6.6
EMXC iShares MSCI Emerging Markets ex China ETF 0.1 25 37 7.7 -10.8
VWO Vanguard FTSE Emerging Markets ETF 0.1 7 55 10.6 -7.9
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.1 53 9 7.7 -10.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.1 36 26 9.9 -8.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 37 6.5 -12.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 4.7 -13.9
GINN Goldman Sachs Innovate Equity ETF 0.1 52 10 3.7 -14.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.1 11 51 10.1 -8.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -8 7.7 -10.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 10.0 -8.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 9.5 -9.1
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 47 7.3 -11.2
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 6.8 -11.8
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 39 5.8 -12.7
STXK Strive Small-Cap ETF 0.1 18 44 6.4 -12.2
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 53 10.5 -8.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.1 30 32 10.4 -8.2
EEM iShares MSCI Emerging Markets ETF 0.1 69 -7 10.3 -8.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.1 66 -4 10.0 -8.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 6.3 -12.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 11.4 -7.1
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 6.1 -12.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 18 11.0 -7.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 8.2 -10.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 56 3.0 -15.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -2 2.3 -16.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 10.5 -8.1
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 9.2 -9.3
RSSL Global X Russell 2000 ETF 0.1 8 54 4.6 -13.9
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 5.9 -12.7
IWM iShares Russell 2000 ETF 0.1 19 43 4.7 -13.9
VTWO Vanguard Russell 2000 ETF 0.1 7 55 4.7 -13.8
VYMI Vanguard International High Dividend Yield ETF 0.1 17 45 9.9 -8.7
DISV Dimensional International Small Cap Value ETF 0.1 42 20 9.6 -9.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 8.2 -10.4
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 49 3.1 -15.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 23 6.8 -11.8
DXIV Dimensional International Vector Equity ETF 0.1 34 28 8.0 -10.6
RNEM First Trust Emerging Markets Equity Select ETF 0.1 75 -13 7.0 -11.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 27 9.5 -9.1
DXUV Dimensional US Vector Equity ETF 0.1 28 34 6.5 -12.1
EMXF iShares ESG Advanced MSCI EM ETF 0.1 16 46 8.5 -10.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 42 6.1 -12.5
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 20 6.6 -12.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 9.3 -9.3
AVDE Avantis International Equity ETF 0.1 23 39 7.6 -11.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 47 8.2 -10.4
VXUS Vanguard Total International Stock ETF 0.0 5 57 8.0 -10.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 32 8.1 -10.5
PXH Invesco FTSE RAFI Emerging Markets ETF 0.0 49 13 16.1 -2.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 21 6.9 -11.7
FILL iShares MSCI Global Energy Producers ETF 0.0 39 23 12.2 -6.3
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 38 6.4 -12.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 28 7.8 -10.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 44 7.8 -10.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 21 7.8 -10.8
AVDS Avantis International Small Cap Equity ETF 0.0 30 32 7.6 -11.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 23 6.2 -12.4
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.2 -11.4
SCHC Schwab International Small-Cap Equity ETF 0.0 11 51 6.8 -11.8
RXI iShares Global Consumer Discretionary ETF 0.0 41 21 9.2 -9.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 6.4 -12.2
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 55 8.0 -10.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 59 7.2 -11.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 58 8.2 -10.4
DFIS Dimensional International Small Cap ETF 0.0 39 23 7.4 -11.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 29 10.1 -8.4
DEW WisdomTree Global High Dividend Fund 0.0 58 4 8.8 -9.8
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 44 6.9 -11.7
AVES Avantis Emerging Markets Value ETF 0.0 36 26 11.7 -6.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.0 33 29 8.7 -9.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 5.7 -12.9
IPKW Invesco International BuyBack Achievers ETF 0.0 55 7 13.6 -5.0
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 7.8 -10.8
DCOR Dimensional US Core Equity 1 ETF 0.0 14 48 5.5 -13.0
VXF Vanguard Extended Market ETF 0.0 5 57 4.9 -13.7
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 7.8 -10.8
VEA Vanguard FTSE Developed Markets ETF 0.0 3 59 7.3 -11.3
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 7.2 -11.4
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 32 5.4 -13.2
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 52 6.1 -12.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 8.9 -9.6
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 39 8.4 -10.2
AVSD Avantis Responsible International Equity ETF 0.0 23 39 5.7 -12.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.5 -13.0
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 7.3 -11.3
VT Vanguard Total World Stock ETF 0.0 6 56 6.0 -12.5
GLOF iShares Global Equity Factor ETF 0.0 20 42 6.7 -11.8
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.2 -13.4
ACWI iShares MSCI ACWI ETF 0.0 32 30 5.7 -12.9
AVUS Avantis U.S. Equity ETF 0.0 15 47 5.9 -12.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 23 6.7 -11.9
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 45 7.1 -11.5
JHML John Hancock Multifactor Large Cap ETF 0.0 29 33 5.5 -13.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 53 5.3 -13.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 51 5.0 -13.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 50 6.7 -11.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 47 5.0 -13.6
DFUS Dimensional U.S. Equity ETF 0.0 9 53 4.9 -13.6
VSGX Vanguard ESG International Stock ETF 0.0 10 52 7.9 -10.7
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 34 9.9 -8.7
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.2 -13.4
URTH iShares MSCI World ETF 0.0 24 38 5.3 -13.3
EBI Longview Advantage ETF 0.0 35 27 6.8 -11.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 39 7.6 -11.0
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 53 4.8 -13.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 5.0 -13.5
IWV iShares Russell 3000 ETF 0.0 20 42 4.9 -13.7
VTHR Vanguard Russell 3000 ETF 0.0 7 55 5.0 -13.6
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 32 6.1 -12.5
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 44 7.1 -11.5
DFLV Dimensional US Large Cap Value ETF 0.0 22 40 8.0 -10.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 MSCI Colombia ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 33.0 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 18.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.50
 
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.