Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF
ALTAR
Score™
7.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
14.1x P/Sales
ratio
1.5x
P/BV
ratio
1.9x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
EMSG tracks an index of large- and midcap emerging market stocks. After excluding certain industries, the index selects stocks with higher ESG scores per MSCI and weights them by market cap. lf

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Deutsche Bank
Website dws.com
Inception date Dec 06, 2018
Assets (mns) $8
Currency USD
Expense ratio 20 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 424
Wgt avg mkt cap (mns) $153,286
Large cap (>$10bn) 75.0%
Mid cap ($2-10bn) 23.7%
Small cap (<$2bn) 1.2%
Developed mkts 4.6%
Emerging mkts 94.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 12.0 %
TENCENT HOLDINGS LTD 9.9 %
TAIWAN SEMICONDUCTOR MANUFAC 8.9 %
CHINA CONSTRUCTION BANK-H 2.6 %
NASPERS LTD-N SHS 2.6 %
RELIANCE INDUSTRIES LTD 1.9 %
HOUSING DEVELOPMENT FINANCE 1.8 %
LUKOIL OAO 1.3 %
ITAU UNIBANCO HOLDING SA 1.2 %
BANCO BRADESCO SA-PREF 1.0 %
Total 43.1 %

TOP COUNTRY EXPOSURE
CHINA 30.6 %
TAIWAN 16.7 %
INDIA 10.7 %
SOUTH AFRICA 7.8 %
BRAZIL 6.6 %
SOUTH KOREA 5.2 %
HONG KONG 3.1 %
THAILAND 3.1 %
INDONESIA 2.7 %
MALAYSIA 2.5 %

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.
-5.6% 2.2% -- -- 11.8%

Market Correlations
versus... Beta R-squared
S&P500 1.21 73%
MSCI EAFE 1.40 83%
MSCI Emg. Mkts. 1.03 96%

Technical Indicators
Recent close $26.75
30d moving avg. $27.20
Annualized volatility 17.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $13,835

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF ETF based on the alternatives' overlap in portfolio holdings with EMSG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMSG Expense: 20 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMSG
Ticker Fund
Name
Overlap1
vs EMSG
(%)
Expense
ratio
(bp)
Savings
vs EMSG
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMSG
(%)
ESGE iShares MSCI EM ESG Optimized 54.8 25 -5 8.3 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 52.4 30 -10 7.8 +0.5
SCHE Schwab Emerging Markets Equity 50.6 13 7 7.9 +0.6
EEMA iShares MSCI Emg Mkts Asia 50.4 50 -30 8.0 +0.7
EEM iShares MSCI Emerging Markets 50.1 68 -48 7.7 +0.4
KEMX KraneShares MSCI Emerging Markets EX China Index 49.7 49 -29 7.9 +0.6
XSOE WisdomTree Emg Mkt ex-SOE 49.0 32 -12 6.5 -0.8
DBEM Xtrackers MSCI Emg. Mkts. Hedged 47.6 65 -45 7.7 +0.4
BKF iShares MSCI BRIC 47.6 69 -49 7.9 +0.6
NUEM NuShares ESG Emerging Markets Equity 47.2 45 -25 7.2 -0.1
PBEE Invesco PureBeta FTSE Emerging Markets 47.1 14 6 8.5 +1.2
JHEM John Hancock Multifactor Emerging Markets 47.0 55 -35 8.4 +1.1
IEMG iShares Core MSCI Emerging Markets 44.8 14 6 8.1 +0.8
AAXJ iShares MSCI Asia ex-Japan 43.9 68 -48 7.5 +0.2
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 43.7 45 -25 8.5 +1.2
FLAX Franklin FTSE Asia Ex Japan 43.6 19 1 8.0 +0.7
EMXC iShares MSCI Emerging Markets ex China 42.7 49 -29 8.1 +0.8
VWO Vanguard Emerging Markets 42.4 10 10 8.0 +0.7
SPEM SPDR Portfolio Emerging Markets 40.0 11 9 8.0 +0.7
PXH Invesco FTSE-RAFI Emerging Markets 37.7 50 -30 11.8 +4.5

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:
Xtrackers MSCI Emerging Markets ESG Leaders Equity 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 14.1 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.48
 
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.