Franklin FTSE Taiwan ETF
ALTAR
Score™		 5.8% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 20.1x P/Sales
ratio		 1.4x
P/BV
ratio		 2.5x Div.
yield		 2.5%


  • 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) $681
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 132
Wgt avg mkt cap (mns) $335,797
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 24.1 %
HON HAI PRECISION INDUSTRY 8.5 %
MEDIATEK INC 7.4 %
DELTA ELECTRONICS INC 5.4 %
FUBON FINANCIAL HOLDING CO 2.5 %
QUANTA COMPUTER INC 2.4 %
CHINATRUST FINANCIAL HOLDING 2.4 %
CATHAY FINANCIAL HOLDING CO 2.1 %
E.SUN FINANCIAL HOLDING CO 1.8 %
CHUNGHWA TELECOM CO., LTD 1.8 %
Total 58.3 %

TOP COUNTRY EXPOSURE
TAIWAN 111.8 %










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.
31.9% 29.1% 17.2% -- 13.9%

Market Correlations
versus... Beta R-squared
S&P500 1.21 54%
MSCI EAFE 0.71 25%
MSCI Emg. Mkts. 0.75 31%

Technical Indicators
Recent close $61.57
30d moving avg. $60.18
Annualized volatility 21.3%
Short interest (ETF) 2.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 122
Turnover 1.1%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $4,165

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 194 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™: 5.8%


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
(%)
EWT iShares MSCI Taiwan ETF 89.7 58 -39 5.5 -0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 35.3 24 -5 7.1 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 34.7 32 -13 5.4 -0.4
XCEM Columbia EM Core ex-China ETF 33.7 16 3 7.4 +1.7
AIA iShares Asia 50 ETF 33.5 50 -31 12.1 +6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 32.5 15 4 7.2 +1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 31.5 20 -1 9.3 +3.6
EMXC iShares MSCI Emerging Markets ex China ETF 28.2 25 -6 6.8 +1.0
XCNY SPDR S&P Emerging Markets ex-China ETF 27.7 15 4 7.1 +1.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 27.4 88 -69 7.8 +2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 24.9 32 -13 6.3 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 24.6 49 -30 8.7 +3.0
STXE Strive Emerging Markets Ex-China ETF 24.1 32 -13 7.1 +1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.0 32 -13 8.1 +2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 23.9 36 -17 7.1 +1.3
FLAX Franklin FTSE Asia Ex Japan ETF 22.7 19 0 8.2 +2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 22.5 70 -51 8.1 +2.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 22.4 33 -14 9.1 +3.3
MEM Matthews Emerging Markets Equity Active ETF 21.7 79 -60 7.0 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 21.2 30 -11 9.3 +3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 21.1 15 4 9.3 +3.6
ESGE iShares ESG Aware MSCI EM ETF 21.0 25 -6 9.1 +3.3
SCHE Schwab Emerging Markets Equity ETF 20.9 11 8 10.3 +4.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 20.9 66 -47 8.6 +2.9
ECON Columbia Emerging Markets Consumer ETF 20.8 49 -30 11.2 +5.4
BKEM BNY Mellon Emerging Markets Equity ETF 20.8 11 8 9.0 +3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 20.7 36 -17 8.8 +3.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 20.5 45 -26 9.4 +3.6
EEM iShares MSCI Emerging Markets ETF 19.7 69 -50 9.2 +3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 19.6 50 -31 10.1 +4.4
FTHF First Trust Emerging Markets Human Flourishing ETF 19.5 75 -56 9.0 +3.2
JHEM John Hancock Multifactor Emerging Markets ETF 19.5 49 -30 9.2 +3.4
EMGF iShares Emerging Markets Equity Factor ETF 19.4 25 -6 10.4 +4.7
VWO Vanguard FTSE Emerging Markets ETF 19.1 7 12 9.9 +4.1
PXH Invesco FTSE RAFI Emerging Markets ETF 19.0 49 -30 14.6 +8.9
DEHP Dimensional Emerging Markets High Profitability ETF 18.8 41 -22 6.2 +0.4
DEXC Dimensional Emerging Markets ex China Core EquityETF 18.7 53 -34 7.0 +1.3
EMXF iShares ESG Advanced MSCI EM ETF 18.7 16 3 7.7 +2.0
SPEM SPDR Portfolio Emerging Markets ETF 18.6 7 12 10.1 +4.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 18.6 40 -21 6.5 +0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 18.5 95 -76 10.8 +5.0
EMMF WisdomTree Emerging Markets Multifactor Fund 18.3 48 -29 6.9 +1.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 18.3 39 -20 15.3 +9.5
FDEM Fidelity Emerging Markets Multifactor ETF 17.7 25 -6 11.8 +6.0
DFAE Dimensional Emerging Core Equity Market ETF 17.5 35 -16 8.4 +2.6
IEMG iShares Core MSCI Emerging Markets ETF 17.3 9 10 9.5 +3.7
MINV Matthews Asia Innovators Active ETF 16.2 79 -60 6.6 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 15.8 30 -11 8.6 +2.8
PATN Pacer Nasdaq International Patent Leaders ETF 15.2 65 -46 5.2 -0.6
GMF SPDR S&P Emerging Asia Pacific ETF 15.1 49 -30 9.2 +3.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 14.9 75 -56 9.6 +3.8
ROAM Hartford Multifactor Emerging Markets ETF 14.3 44 -25 11.0 +5.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 14.3 41 -22 7.9 +2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 14.0 42 -23 6.2 +0.5
AVES Avantis Emerging Markets Value ETF 14.0 36 -17 10.6 +4.8
LDEM iShares ESG MSCI EM Leaders ETF 13.8 17 2 13.4 +7.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 13.5 38 -19 8.4 +2.6
EVLU iShares MSCI Emerging Markets Value Factor ETF 13.2 35 -16 15.8 +10.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 13.1 90 -71 4.8 -1.0
DFEV Dimensional Emerging Markets Value ETF 12.6 43 -24 11.7 +5.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 12.0 45 -26 10.0 +4.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.0 59 -40 8.4 +2.6
FRDM Freedom 100 Emerging Markets ETF 11.9 49 -30 7.2 +1.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 11.7 25 -6 6.3 +0.6
AVEM Avantis Emerging Markets Equity ETF 11.6 33 -14 8.0 +2.3
AVXC Avantis Emerging Markets Ex-China Equity ETF 11.5 33 -14 7.9 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.9 44 -25 10.4 +4.6
IVES Wedbush ETFMG Global Cloud Technology ETF 10.9 68 -49 5.7 -0.1
FEM First Trust Emerging Markets AlphaDEX Fund 10.9 80 -61 11.3 +5.6
GTEK Goldman Sachs Future Tech Leaders Equity ETF 10.3 75 -56 2.7 -3.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.9 29 -10 8.8 +3.0
AVSE Avantis Responsible Emerging Markets Equity ETF 9.8 33 -14 7.8 +2.0
KNCT Invesco Next Gen Connectivity ETF 9.6 40 -21 4.5 -1.3
NXTG First Trust Indxx NextG ETF 9.1 70 -51 4.8 -0.9
RNEM First Trust Emerging Markets Equity Select ETF 8.8 75 -56 8.4 +2.6
AIVC Amplify Bloomberg AI Value Chain ETF 8.4 59 -40 5.4 -0.4
FBOT Fidelity Disruptive Automation ETF 8.3 50 -31 3.3 -2.5
DEM WisdomTree Emerging Markets High Dividend Fund 8.2 63 -44 12.7 +7.0
EMM Global X Emerging Markets ex-China ETF 8.2 75 -56 7.0 +1.2
CLNR IQ Cleaner Transport ETF 7.4 45 -26 5.0 -0.8
VSGX Vanguard ESG International Stock ETF 7.2 10 9 7.5 +1.7
IQDF FlexShares International Quality Dividend Index Fund 7.1 47 -28 8.5 +2.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.9 47 -28 7.9 +2.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.9 70 -51 11.7 +6.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.9 78 -59 8.9 +3.2
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 6.5 60 -41 9.7 +4.0
IXN iShares Global Tech ETF 6.2 41 -22 3.3 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 6.2 49 -30 9.3 +3.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 6.2 18 1 7.2 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 6.1 34 -15 7.3 +1.5
OCEN IQ Clean Oceans ETF 6.0 45 -26 5.1 -0.7
RODE Hartford Multifactor Diversified International ETF 6.0 29 -10 10.3 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 41 -22 7.0 +1.3
JIG JPMorgan International Growth ETF 5.9 55 -36 4.5 -1.3
AGQI First Trust Active Global Quality Income ETF 5.8 85 -66 4.6 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 5.8 4 15 7.6 +1.9
IXUS iShares Core MSCI Total International Stock ETF 5.4 7 12 7.5 +1.7
VXUS Vanguard Total International Stock ETF 5.3 5 14 7.6 +1.8
GSFP Goldman Sachs Future Planet Equity ETF 5.2 75 -56 4.2 -1.6
CHAT Roundhill Generative AI & Technology ETF 5.0 75 -56 7.1 +1.3
EMC Global X Emerging Markets Great Consumer ETF 4.9 75 -56 7.1 +1.4
QTUM Defiance Quantum ETF 4.8 40 -21 5.1 -0.7
ROBO ROBO Global Robotics & Automation Index ETF 4.7 95 -76 3.1 -2.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 4.3 58 -39 9.4 +3.6
VYMI Vanguard International High Dividend Yield ETF 4.0 17 2 9.2 +3.4
EYLD Cambria Emerging Shareholder Yield ETF 4.0 66 -47 11.6 +5.8
CGXU Capital Group International Focus Equity ETF 4.0 54 -35 5.3 -0.4
ACWV iShares MSCI Global Min Vol Factor ETF 3.9 20 -1 6.0 +0.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 3.8 30 -11 7.5 +1.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.7 70 -51 7.3 +1.6
OAIM OneAscent International Equity ETF 3.4 95 -76 5.4 -0.4
IGPT Invesco AI and Next Gen Software ETF 3.3 60 -41 4.1 -1.7
CHPX Global X AI Semiconductor & Quantum ETF 3.2 50 -31 3.0 -2.8
MOTI VanEck Morningstar International Moat ETF 3.0 58 -39 10.5 +4.8
AIS VistaShares Artificial Intelligence Supercycle ETF 2.8 75 -56 2.4 -3.4
SNSR Global X Internet of Things ETF 2.7 68 -49 4.7 -1.1
ARTY iShares Future AI & Tech ETF 2.7 47 -28 3.4 -2.4
XT iShares Exponential Technologies ETF 2.7 46 -27 4.5 -1.2
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 9 5.5 -0.2
MOTG VanEck Morningstar Global Wide Moat ETF 2.6 52 -33 8.6 +2.9
JSTC Adasina Social Justice All Cap Global ETF 2.6 89 -70 5.0 -0.8
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 -30 4.9 -0.8
FCLD Fidelity Cloud Computing ETF 2.5 39 -20 3.2 -2.5
VIDI Vident International Equity Strategy ETF 2.4 61 -42 10.4 +4.6
DWX SPDR S&P International Dividend ETF 2.3 45 -26 7.3 +1.6
WTAI WisdomTree Artificial Intelligence and Innovation Fund 2.3 45 -26 2.4 -3.4
PBD Invesco Global Clean Energy ETF 2.3 75 -56 0.8 -5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 2.2 20 -1 5.5 -0.3
IBAT iShares Energy Storage & Materials ETF 2.2 47 -28 2.4 -3.3
ACWI iShares MSCI ACWI ETF 2.2 32 -13 5.3 -0.5
WRND IQ Global Equity R&D Leaders ETF 2.1 18 1 7.4 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 2.1 29 -10 7.4 +1.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 2.0 12 7 5.0 -0.8
GLOF iShares Global Equity Factor ETF 2.0 20 -1 6.6 +0.8
CWI SPDR MSCI ACWI ex-US ETF 2.0 30 -11 7.3 +1.6
VT Vanguard Total World Stock ETF 2.0 6 13 5.7 -0.1
DVYE iShares Emerging Markets Dividend ETF 1.9 49 -30 17.9 +12.1
WWJD Inspire International ETF 1.8 80 -61 7.1 +1.3
IHAK iShares Cybersecurity & Tech ETF 1.8 47 -28 4.3 -1.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.8 67 -48 14.8 +9.1
DEW WisdomTree Global High Dividend Fund 1.8 58 -39 8.4 +2.7
JGLO JPMorgan Global Select Equity ETF 1.7 33 -14 4.9 -0.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.7 60 -41 8.0 +2.2
TINY ProShares Nanotechnology ETF 1.7 58 -39 3.1 -2.6
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 1.6 75 -56 3.2 -2.6
EWX SPDR S&P Emerging Markets Small Cap ETF 1.4 65 -46 7.6 +1.9
SUPL ProShares Supply Chain Logistics ETF 1.3 58 -39 10.3 +4.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.2 80 -61 13.9 +8.1
BLES Inspire Global Hope ETF 1.0 61 -42 6.8 +1.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.9 65 -46 1.8 -3.9
ESPO VanEck Video Gaming and eSports ETF 0.8 56 -37 5.0 -0.7
ODDS Pacer BlueStar Digital Entertainment ETF 0.8 60 -41 2.7 -3.1
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 -36 6.9 +1.1
AIQ Global X Artificial Intelligence & Technology ETF 0.8 68 -49 3.5 -2.3
IGRO iShares International Dividend Growth ETF 0.8 15 4 7.1 +1.3
TTAI FCF International Quality ETF 0.7 59 -40 7.2 +1.4
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.7 58 -39 4.2 -1.6
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 -20 11.1 +5.4
RCGE RockCreek Global Equality ETF 0.5 95 -76 6.7 +0.9
ANEW ProShares MSCI Transformational Changes ETF 0.5 45 -26 5.2 -0.6
ISHP First Trust Nasdaq Retail ETF 0.5 60 -41 5.5 -0.3
IXG iShares Global Financials ETF 0.5 42 -23 6.6 +0.9
OND ProShares On-Demand ETF 0.5 58 -39 -0.5 -6.3
HERO Global X Video Games & Esports ETF 0.5 50 -31 4.3 -1.5
NERD Roundhill Video Games ETF 0.5 50 -31 6.3 +0.5
FDNI First Trust Dow Jones International Internet ETF 0.5 65 -46 20.9 +15.1
CGDG Capital Group Dividend Growers ETF 0.5 47 -28 6.1 +0.3
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -46 5.4 -0.3
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.4 42 -23 9.4 +3.6
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 9 6.4 +0.7
IXP iShares Global Comm Services ETF 0.3 42 -23 5.8 +0.1
HART IQ Healthy Hearts ETF 0.3 45 -26 6.4 +0.6
ARVR First Trust Indxx Metaverse ETF 0.3 70 -51 4.0 -1.8
FID First Trust S&P International Dividend Aristocrats ETF 0.3 60 -41 7.7 +2.0
WDIV SPDR S&P Global Dividend ETF 0.3 40 -21 9.1 +3.3
HAP VanEck Natural Resources ETF 0.3 50 -31 9.1 +3.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 -31 3.6 -2.2
SCHY Schwab International Dividend Equity ETF 0.2 14 5 9.5 +3.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 -26 1.4 -4.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 10 5.5 -0.3
CRAK VanEck Oil Refiners ETF 0.2 61 -42 11.9 +6.1
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -43 3.3 -2.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 9 6.8 +1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 7 8.3 +2.6
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -51 8.5 +2.7
MOO VanEck Agribusiness ETF 0.1 53 -34 11.0 +5.2
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -20 9.1 +3.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -49 4.5 -1.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 -28 3.4 -2.4
IDRV iShares Self-driving EV & Tech ETF 0.1 47 -28 1.3 -4.5
BATT Amplify Lithium & Battery Technology ETF 0.1 59 -40 2.7 -3.0
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -41 4.5 -1.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.1 86 -67 13.2 +7.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 11 7.2 +1.5

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

  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 14.0 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.