AAM S&P Developed Markets High Dividend Value ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DMDV tracks an equal-weighted index of developed-market international large- and midcap stocks that score highly for both dividend yield and free cash flow.

FUND BASICS
Category International Equities
Fund Sponsor Advisors Asset Management
Website www.aamlive.com
Inception date Nov 27, 2018
Assets (mns) $2
Currency USD
Expense ratio 39 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 55
Wgt avg mkt cap (mns) $33,275
Large cap (>$10bn) 58.6%
Mid cap ($2-10bn) 36.7%
Small cap (<$2bn) 4.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 2.6 %
GLENCORE INTERNATIONAL PLC 2.5 %
JS GROUP CORP 2.5 %
MARKS & SPENCER GROUP PLC 2.4 %
PUBLICIS GROUPE 2.4 %
MARUBENI CORP 2.3 %
POWER CORP OF CANADA 2.1 %
WOODSIDE PETROLEUM LTD 2.1 %
ACS ACTIVIDADES CONS Y SERV 2.1 %
RIO TINTO PLC 2.1 %
Total 23.2 %

TOP COUNTRY EXPOSURE
JAPAN 23.8 %
BRITAIN 16.3 %
SPAIN 10.6 %
CANADA 7.6 %
AUSTRALIA 6.5 %
SWITZERLAND 5.9 %
ITALY 5.1 %
FRANCE 3.9 %
FINLAND 3.8 %
SINGAPORE 3.8 %

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.
-20.4% -20.4% -- -- -3.7%

Market Correlations
versus... Beta R-squared
S&P500 1.20 68%
MSCI EAFE 1.26 81%
MSCI Emg. Mkts. 1.10 74%

Technical Indicators
Recent close $23.29
30d moving avg. $22.61
Annualized volatility 30.7%
Short interest (ETF) 0.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 1.41%
ADV underlying (mns) $4,865

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the AAM S&P Developed Markets High Dividend Value ETF ETF based on the alternatives' overlap in portfolio holdings with DMDV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DMDV Expense: 39 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DMDV
Ticker Fund
Name
Overlap1
vs DMDV
(%)
Expense
ratio
(bp)
Savings
vs DMDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs DMDV
(%)
IDOG ALPS International Sector Dividend Dogs ETF 29.8 50 -11 8.2 -1.7
DOO WisdomTree International Dividend ex-Financials Fund 27.2 58 -19 7.7 -2.2
DFAI Dimensional International Core Equity Market ETF 25.2 18 21 6.4 -3.5
EFAS Global X MSCI SuperDividend EAFE ETF 24.3 56 -17 7.9 -2.0
DTH WisdomTree International High Dividend Fund 20.4 58 -19 8.7 -1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 19.3 30 9 10.0 +0.1
ESGN Columbia Sustainable International Equity Income ETF 18.9 45 -6 9.2 -0.8
IDV iShares International Select Dividend ETF 18.2 49 -10 8.8 -1.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 17.8 30 9 7.7 -2.2
VWID Virtus WMC International Dividend ETF 17.0 49 -10 7.4 -2.5
DOL WisdomTree International LargeCap Dividend Fund 16.9 48 -9 7.2 -2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.5 20 19 8.4 -1.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 16.5 45 -6 9.7 -0.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 16.0 65 -26 10.2 +0.3
DWM WisdomTree International Equity Fund 14.6 48 -9 7.2 -2.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.4 40 -1 7.3 -2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 14.4 20 19 9.4 -0.5
LVHI Legg Mason International Low Volatility High Dividend ETF 13.7 40 -1 9.0 -0.9
EFV iShares MSCI EAFE Value ETF 13.5 39 0 8.4 -1.6
FIVA Fidelity International Value Factor ETF 13.5 39 0 8.7 -1.2
FGD First Trust Dow Jones Global Select Dividend Index Fund 13.1 59 -20 10.0 +0.1
FID First Trust S&P International Dividend Aristocrats ETF 13.0 60 -21 8.8 -1.2
IVAL Alpha Architect International Quantitative Value ETF 12.9 59 -20 8.3 -1.6
FIDI Fidelity International High Dividend ETF 12.5 39 0 10.1 +0.2
ZGBR SPDR Solactive United Kingdom ETF 12.1 14 25 7.0 -2.9
DVYA iShares Asia/Pacific Dividend ETF 12.0 49 -10 11.3 +1.3
FLGB Franklin FTSE United Kingdom ETF 11.9 9 30 6.9 -3.0
EWU iShares MSCI United Kingdom ETF 11.8 51 -12 6.5 -3.4
GCOW Pacer Global High Dividend ETF 11.8 60 -21 9.9 -0.1
QINT American Century Quality Diversified International ETF 11.7 39 0 5.8 -4.2
VYMI Vanguard International High Dividend Yield ETF 11.7 27 12 9.0 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.5 47 -8 8.2 -1.7
IQDE FlexShares International Quality Dividend Defensive Index ET 10.9 47 -8 7.9 -2.0
WDIV SPDR Global Dividend ETF 10.8 40 -1 8.6 -1.3
FNDF Schwab Fundamental International Large Co. Index ETF 10.5 25 14 7.7 -2.2
IQDF FlexShares International Quality Dividend Index Fund 10.4 47 -8 7.9 -2.0
IQIN IQ 500 International ETF 10.3 25 14 7.6 -2.3
OEUR O'shares FTSE Europe Quality Dividend ETF 10.3 48 -9 5.2 -4.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.3 58 -19 6.5 -3.4
IEV iShares Europe ETF 10.2 59 -20 6.3 -3.6
FKU First Trust United Kingdom AlphaDEX Fund 10.0 80 -41 6.9 -3.0
BBEU JPMorgan BetaBuilders Europe ETF 9.9 9 30 6.7 -3.2
FLEE Franklin FTSE Europe ETF 9.6 9 30 6.5 -3.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 9.6 45 -6 6.0 -3.9
FLEH Franklin FTSE Europe Hedged ETF 9.5 9 30 6.5 -3.4
FYLD Cambria Foreign Shareholder Yield ETF 9.5 59 -20 5.6 -4.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.4 25 14 5.9 -4.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.3 45 -6 7.7 -2.2
VGK Vanguard FTSE Europe ETF 9.2 8 31 6.8 -3.1
EWP iShares MSCI Spain ETF 9.1 51 -12 7.6 -2.3
IEUR iShares Core MSCI Europe ETF 8.9 9 30 6.6 -3.3
RFEU First Trust Riverfront Dynamic Europe ETF 8.8 83 -44 5.7 -4.2
SPEU SPDR Portfolio Europe ETF 8.7 9 30 6.8 -3.1
DXJ WisdomTree Japan Hedged Equity Fund 8.5 48 -9 7.4 -2.5
MOTI VanEck Vectors Morningstar International Moat ETF 8.4 57 -18 9.4 -0.5
ISDX Invesco RAFI Strategic Developed ex-US ETF 8.3 23 16 6.3 -3.6
QEFA SPDR MSCI EAFE Quality Mix ETF 8.2 30 9 6.0 -3.9
PDEV Principal International Multi-Factor Core Index ETF 8.2 25 14 7.1 -2.8
EWJV iShares MSCI Japan Value ETF 8.1 15 24 8.9 -1.0
INTF iShares Edge MSCI Multifactor Intl ETF 8.0 30 9 7.3 -2.6
EFA iShares MSCI EAFE ETF 7.9 32 7 6.3 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 7.9 20 19 6.4 -3.6
FDEV Fidelity Targeted International Factor ETF 7.8 39 0 6.2 -3.7
BKIE BNY Mellon International Equity ETF 7.8 4 35 6.6 -3.3
JHMD John Hancock Multifactor Developed International ETF 7.8 39 0 6.6 -3.3
FDD First Trust Stoxx European Select Dividend Index Fund 7.7 58 -19 8.8 -1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.7 35 4 6.1 -3.8
IDHQ Invesco S&P International Developed Quality ETF 7.6 29 10 4.8 -5.1
DWMF WisdomTree International Multifactor Fund 7.5 38 1 6.3 -3.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 7.5 35 4 7.8 -2.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 7.5 29 10 7.3 -2.7
RFDI First Trust Riverfront Dynamic Developed International ETF 7.5 83 -44 5.2 -4.7
DEW WisdomTree Global High Dividend Fund 7.4 58 -19 8.7 -1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 7.4 80 -41 6.0 -3.9
HFXI IQ 50 Percent Hedged FTSE International ETF 7.3 20 19 6.5 -3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 7.2 39 0 5.4 -4.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 7.2 20 19 6.5 -3.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.2 25 14 6.1 -3.9
HEDJ WisdomTree Europe Hedged Equity Fund 7.1 58 -19 6.0 -3.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 7.0 7 32 6.6 -3.3
JPIN JPMorgan Diversified Return International Equity ETF 7.0 37 2 7.1 -2.8
IEFA iShares Core MSCI EAFE ETF 6.8 7 32 6.6 -3.4
RBIN Nationwide Risk-Based International Equity ETF 6.8 42 -3 6.1 -3.8
FEUZ First Trust Eurozone AlphaDEX ETF 6.7 80 -41 7.1 -2.9
ESGD iShares MSCI EAFE ESG Optimized ETF 6.7 20 19 6.2 -3.7
SCHF Schwab International Equity ETF 6.6 6 33 6.6 -3.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 6.5 32 7 5.7 -4.2
IDEV iShares Core MSCI International Developed Markets ETF 6.5 5 34 6.5 -3.4
EURZ Xtrackers Eurozone Equity ETF 6.2 9 30 6.6 -3.4
RESD WisdomTree International ESG Fund 6.1 30 9 6.5 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 6.1 39 0 5.6 -4.3
EZU iShares MSCI Eurozone ETF 6.1 51 -12 6.0 -3.9
RODE Hartford Multifactor Diversified International ETF 6.1 29 10 10.6 +0.7
VEA Vanguard FTSE Developed Markets ETF 6.0 5 34 6.6 -3.3
SPDW SPDR Portfolio Developed World ex-US ETF 6.0 4 35 6.3 -3.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 6.0 25 14 6.3 -3.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 5.9 29 10 7.1 -2.8
IXJ iShares Global Healthcare ETF 5.8 46 -7 6.2 -3.8

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

  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:
AAM S&P Developed Markets High Dividend Value 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 9.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.