AAM S&P Emerging Markets High Dividend Value ETF
ALTAR
Score™
17.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.8x P/Sales
ratio
0.4x
P/BV
ratio
0.6x Div.
yield
5.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AAM S&P Emerging Markets High Dividend Value ETF seeks to provide investment results that, before fees and expenses, track the total return performance of the S&P Emerging Markets Dividend and Free Cash Flow Yield Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Advisors Asset Mgmt
Website www.aamlive.com
Inception date Nov 28, 2017
Assets (mns) $4
Currency USD
Expense ratio 50 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) $7,071
Large cap (>$10bn) 17.7%
Mid cap ($2-10bn) 65.1%
Small cap (<$2bn) 17.2%
Developed mkts 10.6%
Emerging mkts 86.9%

TOP TEN HOLDINGS
GREAT WALL MOTOR COMPANY-H 3.3 %
ALDAR PROPERTIES PJSC 3.1 %
SAUDI INDUSTRIAL INVESTMENT GROUP 2.5 %
EVRAZ PLC 2.3 %
POSCO 2.3 %
GS ENGINEERING & CONSTRUCT 2.2 %
INDUSTRIAL BANK OF KOREA 2.1 %
FORD OTOMOTIV SANAYI AS 2.1 %
WOORI BANK 2.1 %
FARGLORY LAND DEVELOPMENT CO 2.1 %
Total 24.0 %

TOP COUNTRY EXPOSURE
CHINA 19.3 %
TAIWAN 15.8 %
SOUTH KOREA 10.4 %
HONG KONG 5.4 %
INDONESIA 5.2 %
INDIA 4.8 %
SOUTH AFRICA 4.7 %
RUSSIA 4.7 %
TURKEY 3.8 %
MALAYSIA 3.7 %

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.
-9.7% -2.4% -- -- -2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.89 61%
MSCI EAFE 0.99 74%
MSCI Emg. Mkts. 0.95 86%

Technical Indicators
Recent close $20.26
30d moving avg. $18.85
Annualized volatility 21.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 8
Turnover 4.6%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $1,066

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the AAM S&P Emerging Markets High Dividend Value ETF ETF based on the alternatives' overlap in portfolio holdings with EEMD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EEMD Expense: 50 bp ALTAR Score™: 17.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EEMD
Ticker Fund
Name
Overlap1
vs EEMD
(%)
Expense
ratio
(bp)
Savings
vs EEMD
(bp)
ALTAR
Score™
(%)
ALTAR
vs EEMD
(%)
DVYE iShares Emerging Markets Dividend ETF 16.0 49 1 17.5 -0.2
SDEM Global X SuperDividend Emerging Markets ETF 15.8 66 -16 17.0 -0.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.0 74 -24 12.7 -5.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 11.5 51 -1 20.0 +2.4
EYLD Cambria Emerging Shareholder Yield ETF 8.9 69 -19 12.5 -5.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 8.7 45 5 13.7 -4.0
SDIV Global X SuperDividend ETF 7.4 59 -9 11.8 -5.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.4 60 -10 9.7 -7.9
FEM First Trust Emerging Markets AlphaDEX Fund 7.4 80 -30 12.3 -5.3
EDIV SPDR S&P Emerging Markets Dividend ETF 7.3 49 1 11.3 -6.4
FCA First Trust China AlphaDEX Fund 7.3 80 -30 14.2 -3.5
RSX VanEck Vectors Russia ETF 6.7 67 -17 15.6 -2.0
EMMF WisdomTree Emerging Markets Multifactor Fund 6.3 48 2 9.5 -8.1
ROAM Hartford Multifactor Emerging Markets ETF 6.2 44 6 12.6 -5.1
FKO First Trust South Korea AlphadDEX Fund 6.1 80 -30 9.0 -8.7
RNEM Emerging Markets Equity Select ETF 6.1 75 -25 10.7 -7.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.0 29 21 9.7 -8.0
IQDF FlexShares International Quality Dividend Index Fund 6.0 47 3 8.3 -9.3
ISEM Invesco Strategic Emerging Markets ETF 5.8 35 15 10.3 -7.4
KOL VanEck Vectors Coal ETF 5.7 60 -10 14.6 -3.1
VIDI Vident International Equity Fund 5.3 59 -9 10.5 -7.1
DEM WisdomTree Emerging Markets High Dividend Fund 5.2 63 -13 13.3 -4.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 5.2 47 3 8.3 -9.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.0 45 5 8.8 -8.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 4.7 45 5 8.3 -9.4
ERUS iShares MSCI Russia ETF 4.6 59 -9 15.0 -2.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.5 44 6 8.6 -9.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.4 47 3 8.7 -9.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.3 32 18 8.3 -9.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 4.1 50 0 10.4 -7.2
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 4.1 80 -30 8.5 -9.1
PXH Invesco FTSE RAFI Emerging Markets ETF 4.0 50 0 12.7 -5.0
EWT iShares MSCI Taiwan ETF 4.0 59 -9 5.7 -11.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 3.9 49 1 8.8 -8.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.9 39 11 12.3 -5.3
CHIE Global X China Energy ETF 3.8 66 -16 11.6 -6.1
FLTW Franklin FTSE Taiwan ETF 3.7 19 31 5.9 -11.7
KESG KraneShares MSCI China ESG Leaders Index ETF 3.6 59 -9 10.2 -7.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.5 29 21 11.1 -6.6
EIDO iShares MSCI Indonesia ETF 3.4 59 -9 8.5 -9.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.4 63 -13 11.8 -5.8
EWY iShares MSCI South Korea ETF 3.4 59 -9 7.5 -10.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 3.2 40 10 6.9 -10.8
FLKR Franklin FTSE South Korea ETF 3.2 9 41 7.9 -9.7
CHIR Global X MSCI China Real Estate ETF 3.2 65 -15 19.8 +2.2
LDEM iShares ESG MSCI EM Leaders ETF 3.2 16 34 7.5 -10.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 3.1 45 5 7.1 -10.5
IDX VanEck Vectors Indonesia Index ETF 3.1 57 -7 7.6 -10.0
UAE iShares MSCI UAE Capped ETF 3.1 59 -9 7.3 -10.4
DVEM WisdomTree Emerging Markets Dividend Fund 3.0 32 18 7.1 -10.5
FLRU Franklin FTSE Russia ETF 3.0 19 31 26.8 +9.2
EMFM Global X MSCI Next Emerging & Frontier ETF 2.8 66 -16 8.2 -9.4
XCEM Columbia EM Core ex-China ETF 2.7 16 34 6.6 -11.0
FLM First Trust Global Engineering & Construction ETF 2.7 70 -20 8.2 -9.5
EMXC iShares MSCI Emerging Markets ex China ETF 2.6 25 25 7.4 -10.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.6 95 -45 8.3 -9.3
PICK iShares MSCI Global Metals & Mining Producers ETF 2.6 39 11 6.2 -11.4
ESGE iShares ESG Aware MSCI EM ETF 2.6 25 25 8.1 -9.5
CARZ First Trust NASDAQ Global Auto Index Fund 2.5 70 -20 11.3 -6.4
DWCR Arrow DWA Country Rotation ETF 2.5 95 -45 5.6 -12.1
GRES IQ Global Resources ETF 2.5 78 -28 6.2 -11.5
ECON Columbia Emerging Markets Consumer ETF 2.5 59 -9 5.4 -12.2
OBOR KraneShares MSCI One Belt One Road Index ETF 2.4 79 -29 7.6 -10.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.4 20 30 6.4 -11.2
FILL iShares MSCI Global Energy Producers ETF 2.3 39 11 6.0 -11.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.3 49 1 7.0 -10.7
FBZ First Trust Brazil AlphaDEX Fund 2.3 80 -30 7.0 -10.7
NXTG First Trust Indxx NextG ETF 2.3 70 -20 5.6 -12.0
CHIX Global X China Financials ETF 2.3 66 -16 18.2 +0.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.3 61 -11 8.4 -9.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.3 59 -9 10.3 -7.4
TUR iShares MSCI Turkey ETF 2.2 59 -9 16.2 -1.5
FGD First Trust Dow Jones Global Select Dividend Index Fund 2.2 59 -9 10.7 -7.0
URA Global X Uranium ETF 2.2 71 -21 0.6 -17.1
AVEM Avantis Emerging Markets Equity ETF 2.2 33 17 8.3 -9.3
CHIQ Global X China Consumer ETF 2.2 65 -15 6.1 -11.5
CHIK Global X MSCI China Information Technology ETF 2.1 66 -16 7.4 -10.2
FID First Trust S&P International Dividend Aristocrats ETF 2.1 60 -10 9.0 -8.6
FRDM Freedom 100 Emerging Markets ETF 2.1 49 1 5.9 -11.7
EEM iShares MSCI Emerging Markets ETF 2.1 68 -18 7.0 -10.6
FXI iShares China Large-Cap ETF 2.1 74 -24 13.3 -4.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.1 36 14 7.7 -9.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.0 30 20 8.3 -9.3
BKF iShares MSCI BRIC ETF 2.0 69 -19 7.3 -10.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 2.0 25 25 7.7 -10.0
EEMA iShares MSCI Emerging Markets Asia ETF 2.0 50 0 7.3 -10.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.0 30 20 7.3 -10.4
EZA iShares MSCI South Africa ETF 2.0 59 -9 7.3 -10.4
EPOL iShares MSCI Poland Capped ETF 2.0 61 -11 8.9 -8.8
FM iShares MSCI Frontier 100 ETF 2.0 79 -29 9.3 -8.3
KWT iShares MSCI Kuwait ETF 2.0 74 -24 6.4 -11.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 2.0 65 -15 6.9 -10.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.9 49 1 8.3 -9.3
IEMG iShares Core MSCI Emerging Markets ETF 1.9 13 37 7.5 -10.1
CHIM Global X China Materials ETF 1.9 66 -16 8.2 -9.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.9 32 18 5.8 -11.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.9 15 35 8.2 -9.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.8 45 5 6.4 -11.3
EPHE iShares MSCI Philippines ETF 1.8 59 -9 7.1 -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

  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 Emerging 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 9.8 %
Divided by: Fwd. P/BV 0.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 17.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.40
 
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.