ALPS Emerging Sector Dividend Dogs
ALTAR
Score™
9.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
11.7x P/Sales
ratio
0.9x
P/BV
ratio
1.6x Div.
yield
5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ALPS Emerging Sector Dogs ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that replicate as closely as possible, before fee and expenses, the performance of the S-Network Emerging Sector Dividend Dogs Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor ALPS ETF Trust
Website www.alpsetfs.com
Inception date Mar 28, 2014
Assets (mns) $29
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $9,678
Large cap (>$10bn) 25.8%
Mid cap ($2-10bn) 64.0%
Small cap (<$2bn) 8.3%
Developed mkts 3.7%
Emerging mkts 96.4%

TOP TEN HOLDINGS
RICHTER GEDEON NYRT. 2.5 %
PUBLIC JOINT STOCK COMPANY MINING 2.4 %
NETCARE LTD 2.4 %
MOBILE TELESYSTEMS PJSC SPONSORED 2.3 %
EREGLI DEMIR VE CELIK FABRIK 2.3 %
GRUPO MEXICO SAB DE CV-SER B 2.2 %
MISC BHD 2.2 %
BB SEGURIDADE PARTICIPACOES 2.2 %
INDOFOOD SUKSES MAK TBK PT 2.2 %
ENGIE BRASIL ENERGIA S.A. 2.2 %
Total 22.8 %

TOP COUNTRY EXPOSURE
MALAYSIA 10.3 %
INDONESIA 10.2 %
SOUTH AFRICA 9.7 %
BRAZIL 8.5 %
INDIA 7.8 %
MEXICO 7.8 %
THAILAND 7.7 %
CHINA 7.7 %
RUSSIA 6.5 %
TURKEY 6.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
6.5% 2.8% -1.3% -- 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.69 36%
MSCI EAFE 0.92 53%
MSCI Emg. Mkts. 0.84 71%

Technical Indicators
Recent close $20.80
30d moving avg. $20.93
Annualized volatility 14.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.6%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $746

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EDOG Expense: 60 bp ALTAR Score™: 9.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDOG
Ticker Fund
Name
Overlap1
vs EDOG
(%)
Expense
ratio
(bp)
Savings
vs EDOG
(bp)
ALTAR
Score™
(%)
ALTAR
vs EDOG
(%)
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 16.9 50 10 13.3 +4.1
SDEM Global X SuperDividend Emg Mkts 14.9 67 -7 17.4 +8.1
DEM WisdomTree Emerg Mkts High Yield Equity 10.1 63 -3 12.3 +3.0
EEMD AAM S&P Emerging Markets High Dividend Value 9.7 50 10 12.2 +3.0
EWM iShares MSCI Malaysia 9.6 47 13 7.0 -2.3
DVYE iShares Emerging Markets Dividend 9.4 49 11 13.6 +4.3
IDX VanEck Vectors Indonesia 8.9 57 3 8.5 -0.7
ECOW Pacer Emerging Markets Cash Cows 100 8.7 70 -10 10.9 +1.7
ROAM Hartford Multifactor Emerging Markets 8.5 44 16 11.1 +1.8
RSX VanEck Vectors Russia ETF 8.4 65 -5 12.4 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 8.2 49 11 8.8 -0.5
FNI First Trust ISE Chindia 7.9 59 1 4.0 -5.3
BICK First Trust BICK Index Fund 7.9 64 -4 5.5 -3.7
EIDO iShares MSCI Indonesia Investable 7.8 59 1 7.3 -2.0
XCEM Columbia EM Core ex-China 7.4 16 44 7.5 -1.8
EWEM Invesco MSCI Emerging Market Equal Weight 6.9 70 -10 8.9 -0.3
DVEM WisdomTree Emerging Markets Dividend 6.9 32 28 11.2 +2.0
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 6.8 46 14 17.8 +8.6
FLZA Franklin FTSE South Africa 6.6 19 41 9.6 +0.4
EMFM Global X MSCI Next Emerging & Frontier 6.6 55 5 7.8 -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

  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

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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:
ALPS Emerging Sector Dividend Dogs
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 14.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.49
 
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.