Columbia Sustainable International Equity Income
ALTAR
Score™
9.5% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.3x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia Sustainable International Equity Income ETF tracks an index composed of 100 equities from developed markets outside of the U.S (excluding REITs). These securities exhibit a minimum ESG rating (as determined by MSCI) and dividend characteristics.

FUND BASICS
Category International Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Jun 13, 2016
Assets (mns) $5
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $25,545
Large cap (>$10bn) 70.0%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 2.0 %
ITOCHU CORP 1.6 %
DET NORSKE OLJESELSKAP ASA 1.5 %
BHP BILLITON LTD 1.5 %
WOODSIDE PETROLEUM LTD 1.4 %
FUJIFILM HOLDINGS CORP 1.4 %
HOCHTIEF AG 1.4 %
TOYOTA TSUSHO CORP 1.4 %
MITSUBISHI CHEMICAL HOLDINGS 1.4 %
ACS ACTIVIDADES CONS Y SERV 1.4 %
Total 14.9 %

TOP COUNTRY EXPOSURE
JAPAN 37.9 %
AUSTRALIA 10.3 %
GERMANY 7.9 %
SPAIN 6.2 %
NETHERLANDS 6.0 %
CANADA 5.8 %
HONG KONG 5.5 %
BRITAIN 4.6 %
FRANCE 4.5 %
NORWAY 2.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.8% 15.8% -- -- 9.5%

Market Correlations
versus... Beta R-squared
S&P500 0.81 61%
MSCI EAFE 1.08 91%
MSCI Emg. Mkts. 0.73 71%

Technical Indicators
Recent close $25.86
30d moving avg. $26.26
Annualized volatility 12.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 1.03%
ADV underlying (mns) $4,579

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Columbia Sustainable International Equity Income ETF based on the alternatives' overlap in portfolio holdings with ESGN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGN Expense: 45 bp ALTAR Score™: 9.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGN
Ticker Fund
Name
Overlap1
vs ESGN
(%)
Expense
ratio
(bp)
Savings
vs ESGN
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGN
(%)
ESGW Columbia Sustainable Global Equity Income 36.4 40 5 8.6 -0.9
ICOW Pacer Developed Markets Int'l Cash Cows 100 22.0 65 -20 9.3 -0.2
FIVA Fidelity International Value Factor 19.5 39 6 9.2 -0.3
IVLU iShares MSCI Int'l Developed Value Factor 19.3 30 15 10.4 +0.8
GSJY Goldman Sachs ActiveBeta Japan Equity 18.2 25 20 7.5 -2.0
EFV iShares MSCI EAFE Value 17.6 38 7 8.9 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific 17.3 83 -38 7.0 -2.5
INTF iShares FactorSelect MSCI International 17.2 30 15 7.7 -1.8
CID Victory CEMP International High Div Volatility Wtd 17.0 45 0 8.8 -0.8
IDY Pacific Global International Equity Income 16.9 39 6 8.1 -1.4
IQIN IQ 500 International 16.7 25 20 8.3 -1.2
EWJV iShares MSCI Japan Value 16.2 15 30 10.5 +1.0
FYLD Cambria Foreign Shareholder 16.2 59 -14 8.0 -1.5
REFA Invesco International Revenue ETF 16.1 42 3 8.6 -0.9
DOO WisdomTree Int'l Dividend Ex-Financials 15.5 58 -13 7.9 -1.6
JPXN iShares JPX-Nikkei 400 15.3 48 -3 7.5 -2.0
QJPN SPDR MSCI Japan Quality Mix 15.3 14 31 7.9 -1.6
EWJ iShares MSCI Japan 15.2 47 -2 7.4 -2.1
DTH WisdomTree DEFA Equity Income 15.1 58 -13 8.4 -1.1
DWMF WisdomTree International Multifactor Fund 15.1 38 7 6.0 -3.5

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:
Columbia Sustainable International Equity Income
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 10.8 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.63
 
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.