Xtrackers FTSE Dev ex-US Comprehensive Factor
ALTAR
Score™
6.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.2x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers FTSE Developed ex US Comprehensive Factor ETF tracks the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, which selects and weights securities within the FTSE Developed ex US index by five different factors.

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank
Website etfus.deutscheawm.com
Inception date Nov 24, 2015
Assets (mns) $83
Currency USD
Expense ratio 24 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1195
Wgt avg mkt cap (mns) $16,333
Large cap (>$10bn) 49.1%
Mid cap ($2-10bn) 48.2%
Small cap (<$2bn) 2.7%
Developed mkts 96.2%
Emerging mkts 3.8%

TOP TEN HOLDINGS
SEGRO PLC 0.8 %
CASTELLUM AB 0.7 %
BRAMBLES LTD 0.7 %
GPT GROUP 0.7 %
SKANSKA AB-B SHS 0.7 %
ADECCO SA-REG 0.6 %
RIO TINTO LTD 0.6 %
DEXUS PROPERTY GROUP 0.6 %
MIRVAC GROUP 0.6 %
ROYAL AHOLD DELHAIZE N.V. 0.6 %
Total 6.5 %

TOP COUNTRY EXPOSURE
JAPAN 20.2 %
BRITAIN 12.9 %
AUSTRALIA 11.4 %
CANADA 6.8 %
FRANCE 5.2 %
SWEDEN 5.0 %
HONG KONG 4.3 %
SWITZERLAND 4.2 %
SINGAPORE 4.2 %
GERMANY 3.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.3% 19.3% -- -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.68 67%
MSCI EAFE 0.89 93%
MSCI Emg. Mkts. 0.63 80%

Technical Indicators
Recent close $29.14
30d moving avg. $28.68
Annualized volatility 10.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $39,469

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Xtrackers FTSE Dev ex-US Comprehensive Factor ETF based on the alternatives' overlap in portfolio holdings with DEEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DEEF Expense: 24 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DEEF
Ticker Fund
Name
Overlap1
vs DEEF
(%)
Expense
ratio
(bp)
Savings
vs DEEF
(bp)
ALTAR
Score™
(%)
ALTAR
vs DEEF
(%)
ISZE iShares MSCI Int'l Developed Size Factor 46.1 30 -6 6.6 -0.2
IDLB Invesco FTSE Int'l Low Beta Equal Weight 46.0 45 -21 6.8 -0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity 40.2 39 -15 6.0 -0.8
SCHF Schwab International Equity 39.7 6 18 7.0 +0.2
GSIE Goldman Sachs ActiveBeta Int'l Equity 39.0 25 -1 6.3 -0.5
CIL Victory CEMP International Volatility Wtd 38.8 45 -21 6.7 -0.1
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 38.7 45 -21 6.7 -0.1
PBDM Invesco PureBeta FTSE Developed ex-North America 38.6 7 17 7.2 +0.4
JPIN JPMorgan Diversified Rtn. Int'l Equity 37.6 38 -14 7.1 +0.3
PQIN PGIM QMA Strategic Alpha International Equity 37.4 29 -5 7.0 +0.2
SPDW SPDR Portfolio World ex-US 37.2 4 20 6.9 +0.1
VEA Vanguard Europe Pacific 36.7 5 19 7.0 +0.2
RODM Lattice Developed Markets (Ex-US) Strategy 36.5 29 -5 7.5 +0.7
IDEV iShares Core MSCI Int'l Developed Markets 36.4 5 19 6.8 +0.0
HFXI IQ 50 Percent Hedged FTSE Int'l 35.9 20 4 7.0 +0.2
IEFA iShares Core MSCI EAFE 35.5 7 17 6.8 -0.0
JHMD John Hancock Multifactor Developed International 35.5 45 -21 6.9 +0.1
DIM WisdomTree Intl M/C Dividend 35.2 58 -34 7.2 +0.4
FNDF Schwab Fundamental Intl Large Cap 35.1 25 -1 7.4 +0.6

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:
Xtrackers FTSE Dev ex-US Comprehensive Factor
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 10.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 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.