Columbia Sustainable Global Equity Income
ALTAR
Score™
8.9% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
11.9x P/Sales
ratio
0.8x
P/BV
ratio
1.6x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia Sustainable Global Equity Income ETF tracks an index composed of 200 companies from developed countries (excluding REITs) that exhibit a minimum ESG rating (as determined by MSCI) and dividend characteristics.

FUND BASICS
Category Global Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Jun 13, 2016
Assets (mns) $17
Currency USD
Expense ratio 40 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 201
Wgt avg mkt cap (mns) $39,083
Large cap (>$10bn) 73.1%
Mid cap ($2-10bn) 26.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NORDSTROM INC 1.1 %
ABBVIE INC 1.1 %
CARDINAL HEALTH INC 1.1 %
LAM RESEARCH CORP 1.0 %
VALERO ENERGY CORP 1.0 %
STEEL DYNAMICS INC 1.0 %
HARLEY-DAVIDSON INC 1.0 %
COMERICA INC 0.9 %
ZIONS BANCORPORATION 0.9 %
CELANESE CORP-SERIES A 0.9 %
Total 10.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 62.2 %
JAPAN 14.5 %
GERMANY 3.1 %
AUSTRALIA 2.7 %
SPAIN 2.6 %
FRANCE 2.4 %
IRELAND 2.1 %
NETHERLANDS 2.0 %
BRITAIN 1.6 %
CANADA 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.7% 7.7% -- -- 11.1%

Market Correlations
versus... Beta R-squared
S&P500 1.04 86%
MSCI EAFE 1.07 77%
MSCI Emg. Mkts. 0.72 57%

Technical Indicators
Recent close $27.67
30d moving avg. $27.17
Annualized volatility 13.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $33,350

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ESGW Expense: 40 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGW
Ticker Fund
Name
Overlap1
vs ESGW
(%)
Expense
ratio
(bp)
Savings
vs ESGW
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGW
(%)
ESGS Columbia Sustainable U.S. Equity Income 64.3 35 5 8.4 -0.5
ESGN Columbia Sustainable International Equity Income 35.0 45 -5 9.9 +1.0
PY Principal Shareholder Yield 28.6 29 11 8.1 -0.8
FTA First Trust Large Cap Value 27.9 62 -22 8.7 -0.2
ONEY SPDR Russell 1000 Yield Focus 26.8 20 20 8.4 -0.5
FLAG Forensic Accounting 26.3 152 -112 8.9 +0.1
CDL Victory CEMP US Large Cap High Div Volatility Wtd 26.0 35 5 7.9 -1.0
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 26.0 35 5 7.9 -1.0
USDY Pacific Global US Equity Income 23.5 29 11 7.7 -1.2
RNDV US Equity Dividend Select 22.5 50 -10 7.8 -1.1
ESGL Invesco ESG Revenue ETF 22.2 40 0 7.8 -1.1
JKI iShares Morningstar Mid Cap Value 22.2 30 10 8.7 -0.2
ESGF Invesco Global ESG Revenue ETF 22.0 45 -5 8.3 -0.6
JVAL JPMorgan U.S. Value Factor 21.4 12 28 8.6 -0.3
DTN WisdomTree Dividend Ex-Financials 21.3 38 2 7.9 -1.0
RNLC Large Cap US Equity Select 21.2 60 -20 6.4 -2.5
SPYB SPDR S&P 500 Buyback 21.0 35 5 7.4 -1.5
KRMA Global X Conscious Companies 20.9 43 -3 6.2 -2.7
FEX First Trust Large Cap Core Alphadex 20.8 61 -21 6.4 -2.5
OVLU Invesco Russell 1000 Value Factor ETF 20.5 19 21 7.9 -1.0

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 Global 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 13.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.54
 
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.