Franklin FTSE Taiwan ETF
ALTAR
Score™		 3.5% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 30.2x P/Sales
ratio		 2.1x
P/BV
ratio		 3.9x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLTW tracks a market-cap-weighted index of large- and midcap Taiwanese companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $2,773
Currency USD
Expense ratio 19 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 135
Wgt avg mkt cap (mns) $290,593
Large cap (>$10bn) 65.4%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 1.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 17.4 %
MEDIATEK INC 9.9 %
DELTA ELECTRONICS INC 6.3 %
HON HAI PRECISION INDUSTRY 5.0 %
ADVANCED SEMICONDUCTOR ENGR 2.7 %
UNITED MICROELECTRONICS CORP 2.6 %
YAGEO CORPORATION 2.6 %
ELITE MATERIAL CO LTD 2.5 %
UNIMICRON TECHNOLOGY CORP 2.0 %
CHINATRUST FINANCIAL HOLDING 1.9 %
Total 52.8 %

TOP COUNTRY EXPOSURE
TAIWAN 98.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
73.5% 107.3% 21.8% -- 20.4%

Market Correlations
versus... Beta R-squared
S&P500 1.73 54%
MSCI EAFE 1.30 48%
MSCI Emg. Mkts. 1.16 81%

Technical Indicators
Recent close $93.85
30d moving avg. $100.53
Annualized volatility 21.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 445
Turnover 1.5%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $4,165

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 196 potential alternatives to the Franklin FTSE Taiwan ETF ETF based on the alternatives' overlap in portfolio holdings with FLTW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLTW Expense: 19 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLTW
Ticker Fund
Name		 Overlap1
vs FLTW
(%)		 Expense
ratio
(bp)		 Savings
vs FLTW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLTW
(%)
JIVE JPMorgan International Value ETF 39.9 55 -36 8.1 +4.6
VEXC Vanguard Emerging Markets Ex-China ETF 37.5 7 12 5.8 +2.3
XCNY SPDR S&P Emerging Markets ex-China ETF 35.2 15 4 5.8 +2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.1 24 -5 5.4 +1.9
EMXC iShares MSCI Emerging Markets ex China ETF 31.4 25 -6 5.3 +1.8
AIA iShares Asia 50 ETF 30.6 50 -31 7.9 +4.4
XCEM Columbia EM Core ex-China ETF 30.5 16 3 5.1 +1.6
STXE Strive Emerging Markets Ex-China ETF 30.4 32 -13 5.5 +2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 30.3 32 -13 4.9 +1.4
SCHE Schwab Emerging Markets Equity ETF 30.0 11 8 9.5 +6.0
EEMA iShares MSCI Emerging Markets Asia ETF 29.5 49 -30 7.7 +4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 29.0 70 -51 7.2 +3.6
FLAX Franklin FTSE Asia Ex Japan ETF 29.0 19 0 7.4 +3.9
VWO Vanguard FTSE Emerging Markets ETF 28.5 7 12 9.3 +5.8
EMM Global X Emerging Markets ex-China ETF 28.5 75 -56 5.0 +1.5
SPEM SPDR Portfolio Emerging Markets ETF 27.8 7 12 9.6 +6.1
PXH Invesco FTSE RAFI Emerging Markets ETF 27.8 49 -30 13.5 +10.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 27.7 30 -11 8.2 +4.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 27.4 32 -13 7.8 +4.2
NUEM Nuveen ESG Emerging Markets Equity ETF 27.2 36 -17 6.1 +2.6
ECON Columbia Emerging Markets Consumer ETF 26.9 49 -30 6.8 +3.3
ESGE iShares ESG Aware MSCI EM ETF 26.6 25 -6 8.5 +5.0
BKEM BNY Mellon Emerging Markets Equity ETF 26.2 11 8 24.9 +21.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 26.2 69 -50 7.8 +4.2
EEM iShares MSCI Emerging Markets ETF 26.0 69 -50 8.1 +4.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 26.0 36 -17 7.9 +4.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 26.0 15 4 8.2 +4.7
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 25.8 90 -71 3.8 +0.3
GMF SPDR S&P Emerging Asia Pacific ETF 25.7 49 -30 8.8 +5.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.5 66 -47 7.5 +4.0
JADE JPMorgan Active Developing Markets Equity ETF 25.4 65 -46 6.2 +2.6
DEHP Dimensional Emerging Markets High Profitability ETF 25.4 41 -22 5.0 +1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 25.1 33 -14 6.9 +3.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 24.9 88 -69 8.4 +4.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 24.4 45 -26 8.3 +4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 24.3 30 -11 7.7 +4.2
IEMG iShares Core MSCI Emerging Markets ETF 24.1 9 10 8.5 +5.0
DFAE Dimensional Emerging Core Equity Market ETF 24.0 35 -16 7.2 +3.7
EMMF WisdomTree Emerging Markets Multifactor Fund 23.7 48 -29 8.8 +5.3
EMGF iShares Emerging Markets Equity Factor ETF 23.7 25 -6 9.2 +5.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 23.6 95 -76 10.2 +6.7
FTHF First Trust Emerging Markets Human Flourishing ETF 23.4 75 -56 6.1 +2.6
EMXF iShares ESG Advanced MSCI EM ETF 23.2 16 3 6.8 +3.3
FDEM Fidelity Emerging Markets Multifactor ETF 23.1 25 -6 10.7 +7.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.0 53 -34 5.3 +1.8
MEM Matthews Emerging Markets Equity Active ETF 23.0 79 -60 8.8 +5.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 22.9 15 4 9.1 +5.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.8 40 -21 6.4 +2.8
JHEM John Hancock Multifactor Emerging Markets ETF 22.6 49 -30 7.7 +4.2
EMC Global X Emerging Markets Great Consumer ETF 22.5 75 -56 7.4 +3.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 22.0 50 -31 8.5 +5.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 21.5 39 -20 13.7 +10.1
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 21.3 41 -22 7.1 +3.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.2 38 -19 7.3 +3.8
DFEV Dimensional Emerging Markets Value ETF 19.7 43 -24 9.7 +6.2
ROAM Hartford Multifactor Emerging Markets ETF 19.7 44 -25 7.8 +4.3
DEM WisdomTree Emerging Markets High Dividend Fund 19.1 63 -44 10.4 +6.9
MINV Matthews Asia Innovators Active ETF 19.0 79 -60 5.6 +2.1
EVLU iShares MSCI Emerging Markets Value Factor ETF 18.9 35 -16 10.3 +6.8
AVEM Avantis Emerging Markets Equity ETF 18.4 33 -14 7.3 +3.8
EMDM First Trust Bloomberg Emerging Market Democracies ETF 18.0 75 -56 6.6 +3.0
GTEK Goldman Sachs Future Tech Leaders Equity ETF 17.9 75 -56 1.9 -1.6
FEM First Trust Emerging Markets AlphaDEX Fund 17.0 80 -61 9.1 +5.6
FRDM Freedom 100 Emerging Markets ETF 16.8 49 -30 5.6 +2.1
AVSE Avantis Responsible Emerging Markets Equity ETF 16.4 33 -14 6.9 +3.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.0 25 -6 6.2 +2.7
AVES Avantis Emerging Markets Value ETF 15.6 36 -17 9.2 +5.7
EEMO Invesco S&P Emerging Markets Momentum ETF 15.5 29 -10 7.0 +3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 15.3 59 -40 8.8 +5.3
LDEM iShares ESG MSCI EM Leaders ETF 15.2 17 2 13.0 +9.5
PATN Pacer Nasdaq International Patent Leaders ETF 14.5 65 -46 4.2 +0.7
AVXC Avantis Emerging Markets Ex-China Equity ETF 14.1 33 -14 6.3 +2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.0 42 -23 4.1 +0.6
BAI iShares AI Innovation and Tech Active ETF 11.3 55 -36 1.1 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 10.9 47 -28 7.2 +3.7
KNCT Invesco Next Gen Connectivity ETF 10.7 40 -21 3.1 -0.4
AIVC Amplify Bloomberg AI Value Chain ETF 10.3 59 -40 3.8 +0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 -25 9.5 +6.0
VSGX Vanguard ESG International Stock ETF 10.2 10 9 6.6 +3.1
ARTY iShares Future AI & Tech ETF 10.0 47 -28 2.7 -0.9
IQDF FlexShares International Quality Dividend Index Fund 9.6 47 -28 7.5 +4.0
JIG JPMorgan International Growth ETF 9.5 55 -36 3.7 +0.2
WRND IQ Global Equity R&D Leaders ETF 9.4 18 1 4.2 +0.7
CLNR IQ Cleaner Transport ETF 9.2 45 -26 4.0 +0.4
UEVM VictoryShares Emerging Markets Value Momentum ETF 9.0 45 -26 9.6 +6.1
OCEN IQ Clean Oceans ETF 9.0 45 -26 4.6 +1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 9.0 18 1 6.4 +2.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 8.9 70 -51 6.8 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 8.5 34 -15 6.4 +2.9
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 8.4 60 -41 9.2 +5.7
DOL WisdomTree International LargeCap Dividend Fund 8.3 48 -29 5.6 +2.1
VEU Vanguard FTSE All-World ex-US Index Fund 8.2 4 15 6.7 +3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.1 41 -22 5.9 +2.4
FRGN Horizon International Equity ETF 8.0 75 -56 7.9 +4.4
IXUS iShares Core MSCI Total International Stock ETF 7.8 7 12 6.6 +3.1
VXUS Vanguard Total International Stock ETF 7.7 5 14 6.7 +3.2
CGXU Capital Group International Focus Equity ETF 7.2 54 -35 3.9 +0.4
NXTG First Trust Indxx NextG ETF 7.1 70 -51 3.7 +0.1
FBOT Fidelity Disruptive Automation ETF 7.1 50 -31 3.0 -0.5
IXN iShares Global Tech ETF 7.0 41 -22 2.8 -0.7
RNEM First Trust Emerging Markets Equity Select ETF 7.0 75 -56 7.9 +4.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.9 29 -10 8.8 +5.3
AQLT iShares MSCI Global Quality Factor ETF 6.8 18 1 0.0 -3.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.7 78 -59 9.4 +5.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.4 30 -11 6.5 +3.0
CHPX Global X AI Semiconductor & Quantum ETF 5.8 50 -31 1.8 -1.8
CHAT Roundhill Generative AI & Technology ETF 5.5 75 -56 4.6 +1.1
OAIM OneAscent International Equity ETF 5.4 95 -76 4.6 +1.1
AGQI First Trust Active Global Quality Income ETF 5.4 85 -66 6.5 +2.9
VYMI Vanguard International High Dividend Yield ETF 5.1 17 2 7.8 +4.3
IGPT Invesco AI and Next Gen Software ETF 5.1 60 -41 2.6 -0.9
POW VistaShares Electrification Supercycle ETF 5.1 75 -56 2.3 -1.2
ACWV iShares MSCI Global Min Vol Factor ETF 4.6 20 -1 5.7 +2.2
FDTX Fidelity Disruptive Technology ETF 4.6 50 -31 1.7 -1.8
AGIX KraneShares Artificial Intelligence and Technology ETF 4.5 99 -80 1.2 -2.3
SNSR Global X Internet of Things ETF 4.3 68 -49 3.6 +0.1
QTUM Defiance Quantum ETF 4.2 40 -21 3.9 +0.4
AIS VistaShares Artificial Intelligence Supercycle ETF 4.2 75 -56 1.1 -2.5
ROBO ROBO Global Robotics & Automation Index ETF 4.1 95 -76 2.5 -1.0
TINY ProShares Nanotechnology ETF 4.1 58 -39 1.4 -2.2
KLMT Invesco MSCI Global Climate 500 ETF 4.0 10 9 5.0 +1.5
JSTC Adasina Social Justice All Cap Global ETF 3.6 89 -70 4.3 +0.8
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -47 9.2 +5.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.4 70 -51 9.4 +5.9
VIDI Vident International Equity Strategy ETF 3.4 61 -42 8.4 +4.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.3 20 -1 4.8 +1.3
IGRO iShares International Dividend Growth ETF 3.2 15 4 6.6 +3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 3.2 49 -30 8.9 +5.4
ACWI iShares MSCI ACWI ETF 3.1 32 -13 4.7 +1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.0 12 7 4.5 +1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.0 58 -39 8.7 +5.2
IBAT iShares Energy Storage & Materials ETF 2.9 47 -28 1.8 -1.7
VT Vanguard Total World Stock ETF 2.9 6 13 5.1 +1.5
GLOF iShares Global Equity Factor ETF 2.9 20 -1 5.6 +2.1
CWI SPDR MSCI ACWI ex-US ETF 2.8 30 -11 6.5 +3.0
FPXI First Trust International Equity Opportunities ETF 2.7 70 -51 4.0 +0.5
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.7 42 -23 8.1 +4.5
ANEW ProShares MSCI Transformational Changes ETF 2.6 45 -26 4.4 +0.9
DTCR Global X Data Center & Digital Infrastructure ETF 2.3 50 -31 3.6 +0.1
XT iShares Exponential Technologies ETF 2.3 46 -27 4.0 +0.5
MOTG VanEck Morningstar Global Wide Moat ETF 2.1 52 -33 7.9 +4.4
FCLD Fidelity Cloud Computing ETF 1.9 39 -20 3.1 -0.5
IHAK iShares Cybersecurity & Tech ETF 1.8 47 -28 3.4 -0.1
DWX SPDR S&P International Dividend ETF 1.8 45 -26 6.7 +3.1
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.8 45 -26 2.1 -1.4
MOTI VanEck Morningstar International Moat ETF 1.8 58 -39 10.1 +6.6
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -49 3.0 -0.5
PBD Invesco Global Clean Energy ETF 1.6 75 -56 0.4 -3.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.6 60 -41 6.6 +3.1
WWJD Inspire International ETF 1.5 80 -61 6.4 +2.9
DVYE iShares Emerging Markets Dividend ETF 1.3 49 -30 17.8 +14.3
EWX SPDR S&P Emerging Markets Small Cap ETF 1.2 65 -46 6.9 +3.4
DEW WisdomTree Global High Dividend Fund 1.2 58 -39 7.0 +3.5
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.1 75 -56 3.4 -0.1
RCGE RockCreek Global Equality ETF 1.0 95 -76 5.8 +2.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.9 49 -30 4.6 +1.1
BLES Inspire Global Hope ETF 0.9 61 -42 5.7 +2.2
JGLO JPMorgan Global Select Equity ETF 0.8 33 -14 4.3 +0.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.8 67 -48 12.4 +8.9
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 -36 6.5 +3.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -61 12.6 +9.1
TTAI FCF International Quality ETF 0.7 59 -40 6.9 +3.4
IXG iShares Global Financials ETF 0.7 42 -23 5.8 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 10 4.9 +1.4
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -39 7.4 +3.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.6 65 -46 1.5 -2.1
WDIV SPDR S&P Global Dividend ETF 0.6 40 -21 8.9 +5.4
FID First Trust S&P International Dividend Aristocrats ETF 0.6 60 -41 7.7 +4.2
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.4 58 -39 3.7 +0.2
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 -41 4.6 +1.1
ESPO VanEck Video Gaming and eSports ETF 0.4 56 -37 6.6 +3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 -36 6.1 +2.6
DINT Davis Select International ETF 0.3 55 -36 6.0 +2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 -20 8.6 +5.1
DWLD Davis Select Worldwide ETF 0.3 63 -44 6.7 +3.2
SLX VanEck Steel ETF 0.3 56 -37 10.4 +6.9
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 9 5.9 +2.4
NERD Roundhill Video Games ETF 0.3 50 -31 7.9 +4.4
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -46 25.3 +21.8
HERO Global X Video Games & Esports ETF 0.3 50 -31 6.0 +2.5
OND ProShares On-Demand ETF 0.3 58 -39 0.5 -3.0
ISHP First Trust Nasdaq Retail ETF 0.3 60 -41 5.4 +1.9
ARVR First Trust Indxx Metaverse ETF 0.3 70 -51 3.8 +0.3
SRVR Pacer Data & Infrastructure Real Estate ETF 0.2 55 -36 4.2 +0.6
HUMN Roundhill Humanoid Robotics ETF 0.2 75 -56 1.5 -2.0
CRAK VanEck Oil Refiners ETF 0.1 61 -42 8.3 +4.8
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -43 3.3 -0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 7 8.5 +4.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 9 8.4 +4.9
MOO VanEck Agribusiness ETF 0.1 53 -34 8.8 +5.3
IDRV iShares Self-driving EV & Tech ETF 0.1 47 -28 1.5 -2.0
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -41 4.6 +1.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 -28 3.1 -0.4
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -51 7.0 +3.5
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -20 7.5 +3.9
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -49 3.5 0.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Taiwan ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.6 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.53
 
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.