ProShares MSCI EAFE Dividend Growers ETF
ALTAR
Score™
7.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ProShares MSCI EAFE Dividend Growers ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results, before fees and expenses, that track the perfomance of the MSCI EAFE Dividend Masters Index.

FUND BASICS
Category International Equities
Fund Sponsor ProShares ETFs/USA
Website www.proshares.com
Inception date Aug 19, 2014
Assets (mns) $111
Currency USD
Expense ratio 50 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 87
Wgt avg mkt cap (mns) $31,093
Large cap (>$10bn) 57.8%
Mid cap ($2-10bn) 41.5%
Small cap (<$2bn) 0.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KOBAYASHI PHARMACEUTICAL CO 1.8 %
SUNDRUG CO LTD 1.6 %
DON QUIJOTE CO LTD 1.5 %
SYSMEX CORP 1.5 %
COLOPLAST A/S CLASS B 1.5 %
RINNAI CORP 1.5 %
KDDI CORPORATION 1.4 %
NESTLE SA-REG 1.4 %
ALFRESA HOLDINGS CORP 1.4 %
ASAHI INTECC CO LTD 1.4 %
Total 15.0 %

TOP COUNTRY EXPOSURE
JAPAN 21.0 %
BRITAIN 19.4 %
FRANCE 9.3 %
SWITZERLAND 7.5 %
AUSTRALIA 7.2 %
HONG KONG 6.2 %
DENMARK 4.0 %
GERMANY 3.6 %
IRELAND 3.3 %
NETHERLANDS 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.9% -12.1% -1.1% -- -1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.82 79%
MSCI EAFE 0.91 94%
MSCI Emg. Mkts. 0.68 77%

Technical Indicators
Recent close $31.73
30d moving avg. $33.17
Annualized volatility 14.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.9%
Bid/Ask (% of price) 0.65%
ADV underlying (mns) $5,713

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the ProShares MSCI EAFE Dividend Growers ETF ETF based on the alternatives' overlap in portfolio holdings with EFAD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAD Expense: 50 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAD
Ticker Fund
Name
Overlap1
vs EFAD
(%)
Expense
ratio
(bp)
Savings
vs EFAD
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFAD
(%)
EUDV ProShares MSCI Europe Dividend Growers ETF 57.4 55 -5 8.4 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 23.2 25 25 6.3 -1.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.9 20 30 6.5 -1.4
VIGI Vanguard International Dividend Appreciation ETF 19.4 25 25 6.9 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 19.0 30 20 7.9 +0.0
FDEV Fidelity Targeted International Factor ETF 18.6 39 11 7.6 -0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.3 25 25 8.1 +0.2
RFEU First Trust Riverfront Dynamic Europe ETF 17.3 83 -33 6.1 -1.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 17.1 30 20 7.3 -0.6
IEV iShares Europe ETF 17.1 59 -9 8.3 +0.4
FLEE Franklin FTSE Europe ETF 17.0 9 41 8.5 +0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 16.9 30 20 8.3 +0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.8 45 5 8.1 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 16.8 9 41 8.8 +0.9
FLEH Franklin FTSE Europe Hedged ETF 16.6 9 41 8.5 +0.6
EFG iShares MSCI EAFE Growth ETF 16.6 40 10 5.7 -2.2
PIZ Invesco DWA Developed Markets Momentum ETF 16.5 80 -30 5.3 -2.6
IGRO iShares International Dividend Growth ETF 16.1 22 28 9.5 +1.6
IEUR iShares Core MSCI Europe ETF 16.0 9 41 8.9 +1.0
VGK Vanguard FTSE Europe ETF 15.6 8 42 9.0 +1.1
FEU SPDR Portfolio Europe ETF 15.6 9 41 8.9 +1.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 15.3 48 2 0.0 -7.9
PDEV Principal International Multi-Factor Core Index ETF 15.2 25 25 8.2 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 15.1 83 -33 7.8 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.0 20 30 8.7 +0.8
EFA iShares MSCI EAFE ETF 14.7 32 18 8.7 +0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.6 32 18 7.4 -0.5
DWMF WisdomTree International Multifactor Fund 14.5 38 12 8.0 +0.1
JHMD John Hancock Multifactor Developed International ETF 14.4 45 5 9.1 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 14.3 35 15 8.5 +0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.3 25 25 8.3 +0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 14.2 20 30 9.1 +1.2
IQSI IQ Candriam ESG International Equity ETF 14.2 15 35 8.8 +0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 14.1 48 2 7.5 -0.4
DOL WisdomTree International LargeCap Dividend Fund 14.1 48 2 10.4 +2.5
ESGD iShares MSCI EAFE ESG Optimized ETF 14.1 20 30 8.8 +0.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 14.0 47 3 15.1 +7.2
DWCR Arrow DWA Country Rotation ETF 13.8 95 -45 21.7 +13.9
IDMO Invesco S&P International Developed Momentum ETF 13.7 25 25 5.6 -2.3
RBIN Nationwide Risk-Based International Equity ETF 13.7 42 8 8.2 +0.3
MVIN Natixis Seeyond International Minimum Volatility ETF 13.5 55 -5 7.2 -0.7
DDEZ WisdomTree Europe Multifactor Fund 13.5 43 7 8.2 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 13.5 7 43 9.3 +1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 13.4 58 -8 7.5 -0.4
SCID Global X Scientific Beta Europe ETF 13.4 38 12 8.6 +0.7
IEFA iShares Core MSCI EAFE ETF 13.3 7 43 8.9 +1.0
JPEU JPMorgan Diversified Return Europe Equity ETF 12.9 37 13 8.5 +0.6
DWM WisdomTree International Equity Fund 12.9 48 2 10.3 +2.4
FIVA Fidelity International Value Factor ETF 12.8 39 11 12.7 +4.8
SCHF Schwab International Equity ETF 12.8 6 44 9.0 +1.1
RNDM Developed International Equity Select ETF 12.8 65 -15 7.9 +0.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.7 35 15 10.6 +2.7
IDEV iShares Core MSCI International Developed Markets ETF 12.6 5 45 8.9 +1.0
IDHQ Invesco S&P International Developed High Quality ETF 12.6 29 21 6.4 -1.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.5 61 -11 6.3 -1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.4 47 3 16.8 +8.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 12.3 30 20 7.8 -0.1
QINT American Century Quality Diversified International ETF 12.3 39 11 7.4 -0.5
SPDW SPDR Portfolio Developed World ex-US ETF 12.1 4 46 8.9 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 12.1 14 36 8.4 +0.5
IQDF FlexShares International Quality Dividend Index Fund 12.0 47 3 15.7 +7.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.8 80 -30 6.8 -1.1
VEA Vanguard FTSE Developed Markets ETF 11.6 5 45 9.2 +1.3
EWU iShares MSCI United Kingdom ETF 11.3 50 0 8.4 +0.6
CIL Victory CEMP International Volatility Weighted Index ETF 11.2 45 5 8.9 +1.0
FLGB Franklin FTSE United Kingdom ETF 11.1 9 41 9.0 +1.1
IQIN IQ 500 International ETF 11.1 25 25 10.9 +3.0
QGBR SPDR MSCI UK StrategicFactors ETF 11.1 14 36 9.1 +1.2
CWI SPDR MSCI ACWI ex-US ETF 10.8 30 20 9.0 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 10.7 32 18 9.1 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 10.6 39 11 8.3 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 10.6 58 -8 10.7 +2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.6 40 10 8.9 +1.0
INTF iShares Edge MSCI Multifactor Intl ETF 10.5 30 20 10.0 +2.1
JPIN JPMorgan Diversified Return International Equity ETF 10.5 38 12 9.6 +1.7
TPIF Timothy Plan International ETF 10.4 62 -12 8.5 +0.6
IDY Pacific Global International Equity Income ETF 10.4 39 11 10.6 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 10.2 8 42 9.4 +1.5
ISDX Invesco Strategic Developed ex-US ETF 10.2 23 27 9.6 +1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.1 58 -8 7.5 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 10.1 38 12 7.7 -0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 9.8 40 10 8.3 +0.4
EZU iShares MSCI Eurozone ETF 9.8 49 1 8.5 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 9.8 45 5 11.1 +3.2
EURZ Xtrackers Eurozone Equity ETF 9.7 9 41 8.8 +0.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.7 29 21 10.0 +2.1
IXUS ishares Core MSCI Total International Stock ETF 9.6 9 41 9.2 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 9.5 25 25 10.8 +2.9
HEDJ WisdomTree Europe Hedged Equity Fund 9.5 58 -8 9.5 +1.6
VXUS Vanguard Total International Stock Index Fund 9.4 8 42 9.4 +1.5
ESGN Columbia Sustainable International Equity Income ETF 9.4 45 5 13.5 +5.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.2 45 5 8.5 +0.6
WWJD Inspire International ESG ETF 9.1 80 -30 10.3 +2.4
IVLU iShares Edge MSCI Intl Value Factor ETF 8.8 30 20 13.7 +5.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 8.8 29 21 10.4 +2.5
VSGX Vanguard ESG International Stock ETF 8.8 17 33 8.8 +1.0
FID First Trust S&P International Dividend Aristocrats ETF 8.7 60 -10 11.4 +3.6
ISZE iShares Edge MSCI Intl Size Factor ETF 8.7 30 20 8.8 +0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.6 16 34 8.5 +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%.

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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:
ProShares MSCI EAFE Dividend Growers ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.3 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.57
 
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.