Cambria Emerging Shareholder Yield
ALTAR
Score™
10.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
9.6x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cambria Emerging Shareholder Yield ETF tracks an index composed of 100 equally weighted emerging market equities, selected by both fundamental and technical factors with a focus on dividend yield and share buybacks.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Cambria
Website www.cambriafunds.com
Inception date Jul 14, 2016
Assets (mns) $38
Currency USD
Expense ratio 66 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 93
Wgt avg mkt cap (mns) $14,309
Large cap (>$10bn) 22.1%
Mid cap ($2-10bn) 44.1%
Small cap (<$2bn) 33.9%
Developed mkts 8.5%
Emerging mkts 91.5%

TOP TEN HOLDINGS
PUBLIC JOINT STOCK COMPANY CENTER 2.8 %
NOVATEK MICROELECTRONICS LTD 2.3 %
AFRICAN RAINBOW MINERALS LTD 2.0 %
LUKOIL OAO 1.9 %
ENKA INSAAT VE SANAYI AS 1.8 %
KUMBA IRON ORE LTD 1.8 %
GAZPROM OAO 1.8 %
GAZPROM NEFT OAO-CLS 1.7 %
QUALICORP SA 1.7 %
HYUNDAI MOBIS 1.6 %
Total 19.1 %

TOP COUNTRY EXPOSURE
TAIWAN 19.0 %
CHINA 15.6 %
RUSSIA 11.6 %
BRAZIL 10.9 %
SOUTH AFRICA 10.8 %
TURKEY 8.3 %
SOUTH KOREA 3.9 %
GREECE 3.8 %
HONG KONG 1.9 %
BRITAIN 1.3 %

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.
22.0% 22.0% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.72 37%
MSCI EAFE 1.02 61%
MSCI Emg. Mkts. 0.90 82%

Technical Indicators
Recent close $33.30
30d moving avg. $32.62
Annualized volatility 14.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.4%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $1,620

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Cambria Emerging Shareholder Yield ETF based on the alternatives' overlap in portfolio holdings with EYLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EYLD Expense: 66 bp ALTAR Score™: 10.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EYLD
Ticker Fund
Name
Overlap1
vs EYLD
(%)
Expense
ratio
(bp)
Savings
vs EYLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs EYLD
(%)
DVYE iShares Emerging Markets Dividend 14.4 49 17 12.4 +2.0
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 11.5 50 16 12.8 +2.3
ROAM Hartford Multifactor Emerging Markets 10.4 44 22 10.7 +0.3
SDEM Global X SuperDividend Emg Mkts 10.4 67 -1 16.2 +5.7
DEM WisdomTree Emerg Mkts High Yield Equity 10.3 63 3 11.5 +1.1
FEMS First Trust Emerging Markets Small Cap 9.6 80 -14 9.4 -1.0
PXH Invesco FTSE-RAFI Emerging Markets 9.4 50 16 11.7 +1.2
DGS WisdomTree Emg. Mkts. Small Cap Dividend 9.0 63 3 11.5 +1.1
GVAL Cambria Global Value 8.6 69 -3 8.6 -1.9
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 8.6 51 15 12.1 +1.6
RFEM First Trust Riverfront Dynamic Emerging Markets 8.1 95 -29 9.6 -0.9
ISEM Invesco Strategic Emerging Markets 8.1 35 31 9.4 -1.1
ECOW Pacer Emerging Markets Cash Cows 100 8.1 70 -4 10.0 -0.5
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 8.1 46 20 14.4 +3.9
IQDY FlexShares Int'l Quality Dividend Dynamic 8.0 47 19 8.7 -1.8
EWZS iShares MSCI Brazil Small-Cap 7.8 59 7 3.8 -6.6
DVEM WisdomTree Emerging Markets Dividend 7.4 32 34 10.6 +0.2
FLRU Franklin FTSE Russia 7.2 19 47 15.5 +5.1
ERUS iShares MSCI Russia 7.2 59 7 13.9 +3.5
REEM Invesco Emerging Markets Revenue ETF 6.8 46 20 11.2 +0.8

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:
Cambria Emerging Shareholder Yield
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 10.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.