Arrow Dogs of the World
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.0x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DOGS tracks an index of global stocks, investing in the five worst performing countries by relative strength, excluding the US.

FUND BASICS
Category Global Equities
Fund Sponsor Arrow Investment Advisors
Website arrowfunds.com
Inception date Jan 03, 2018
Assets (mns) $5
Currency USD
Expense ratio 164 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 143
Wgt avg mkt cap (mns) $27,033
Large cap (>$10bn) 27.0%
Mid cap ($2-10bn) 48.6%
Small cap (<$2bn) 24.4%
Developed mkts 4.6%
Emerging mkts 95.4%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 5.9 %
TELECOM ARGENTINA SA SPONSORED ADR 3.9 %
YPF S.A.-SPONSORED ADR 3.0 %
BANCO MACRO SA-ADR 2.9 %
PAMPA ENERGIA SA-SPON ADR 2.4 %
PAKISTAN PETROLEUM LTD 2.4 %
GRUPO FINANCIERO GALICIA-ADR 2.3 %
IRSA -SP ADR 2.2 %
PKO BANK POLSKI SA 2.2 %
TRANSPORTADOR GAS SUR-SP ADR 2.1 %
Total 29.2 %

TOP COUNTRY EXPOSURE
ARGENTINA 23.5 %
SOUTH KOREA 18.6 %
CHILE 17.5 %
POLAND 17.2 %
PAKISTAN 13.5 %
LUXEMBOURG 1.9 %
CANADA 1.5 %
UNITED STATES 0.0 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.1% -12.7% -- -- -5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.80 28%
MSCI EAFE 1.01 34%
MSCI Emg. Mkts. 0.89 41%

Technical Indicators
Recent close $45.78
30d moving avg. $47.31
Annualized volatility 21.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $3,472

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Arrow Dogs of the World ETF based on the alternatives' overlap in portfolio holdings with DOGS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DOGS Expense: 164 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DOGS
Ticker Fund
Name
Overlap1
vs DOGS
(%)
Expense
ratio
(bp)
Savings
vs DOGS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DOGS
(%)
AGT iShares MSCI Argentina & Global Exposure 28.1 59 105 6.7 -3.1
ARGT Global X FTSE Argentina 20 28.1 59 105 6.7 -3.1
FRDM Freedom 100 Emerging Markets ETF 23.7 49 115 6.7 -3.1
EMXC iShares MSCI Emerging Markets ex China 19.3 49 115 7.9 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index 18.9 49 115 7.7 -2.1
FLKR Franklin FTSE South Korea 18.5 9 155 9.5 -0.3
EWY iShares MSCI Korea 17.5 59 105 9.0 -0.9
EPOL iShares MSCI Poland Investable 16.7 63 101 10.0 +0.2
ECH iShares MSCI Chile Capped 16.7 59 105 6.9 -2.9
EMEM Virtus Glovista Emerging Markets 16.0 67 97 8.9 -0.9
JHEM John Hancock Multifactor Emerging Markets 14.6 55 109 8.2 -1.6
EEMA iShares MSCI Emg Mkts Asia 14.6 50 114 7.8 -2.0
EWEM Invesco MSCI Emerging Market Equal Weight 14.3 70 94 8.4 -1.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 13.9 30 134 7.7 -2.2
XCEM Columbia EM Core ex-China 13.9 16 148 7.3 -2.5
XSOE WisdomTree Emg Mkt ex-SOE 13.1 32 132 6.4 -3.4
PACA Xtrackers MSCI Latin America Pacific Alliance 13.1 45 119 6.5 -3.3
PAK Global X MSCI Pakistan 12.8 87 77 14.5 +4.7
AAXJ iShares MSCI Asia ex-Japan 12.8 67 97 7.3 -2.5
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 12.6 45 119 8.3 -1.5

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

  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:
Arrow Dogs of the World
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 10.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 164 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.55
 
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.