Schwab Fundamental U.S. Small Co. Index ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
0.8x
P/BV
ratio
1.6x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental U.S. Small Company Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental U.S. Small Company Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $3,847
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust Co
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 897
Wgt avg mkt cap (mns) $4,771
Large cap (>$10bn) 9.2%
Mid cap ($2-10bn) 59.7%
Small cap (<$2bn) 31.2%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
COMMUNITY HEALTH SYSTEMS INC 0.5 %
TAYLOR MORRISON HOME CORP-A 0.3 %
UNIVERSAL FOREST PRODUCTS 0.3 %
BROWN & BROWN INC 0.3 %
DARLING INTERNATIONAL INC 0.3 %
TELEDYNE TECHNOLOGIES INC 0.3 %
COSAN LTD-CLASS A SHARES 0.3 %
COLFAX CORP 0.3 %
CIRRUS LOGIC INC 0.3 %
SYNAPTICS INC 0.3 %
Total 3.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
BERMUDA 1.1 %
BRITAIN 1.0 %
IRELAND 0.8 %
PUERTO RICO 0.4 %
NETHERLANDS 0.4 %
BRAZIL 0.3 %
CANADA 0.3 %
LUXEMBOURG 0.2 %
CAYMAN ISLANDS 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.2% 7.1% 7.4% -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.14 80%
MSCI EAFE 1.05 56%
MSCI Emg. Mkts. 0.65 38%

Technical Indicators
Recent close $38.70
30d moving avg. $39.88
Annualized volatility 15.5%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 253
Turnover 0.3%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $38,884

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Fundamental U.S. Small Co. Index ETF ETF based on the alternatives' overlap in portfolio holdings with FNDA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FNDA Expense: 25 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDA
Ticker Fund
Name
Overlap1
vs FNDA
(%)
Expense
ratio
(bp)
Savings
vs FNDA
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDA
(%)
IUSS Invesco Strategic US Small Company ETF 61.3 23 2 6.1 -0.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 50.1 39 -14 4.8 -1.4
VB Vanguard Small-Cap ETF 47.8 5 20 5.4 -0.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 47.8 6 19 5.1 -1.1
SCHA Schwab U.S. Small-Cap ETF 47.3 4 21 5.0 -1.2
VBR Vanguard Small Cap Value Index Fund 42.8 7 18 7.9 +1.7
VXF Vanguard Extended Market Index Fund 41.3 7 18 3.6 -2.6
IWM iShares Russell 2000 ETF 41.1 19 6 3.7 -2.5
VTWO Vanguard Russell 2000 Index Fund 40.9 10 15 3.7 -2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 40.1 20 5 5.7 -0.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 39.4 17 8 4.7 -1.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 38.9 29 -4 4.2 -2.0
FSMD Fidelity Small-Mid Factor ETF 37.5 29 -4 6.5 +0.4
ISMD Inspire Small/Mid Cap Impact ETF 36.8 61 -36 5.3 -0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 36.6 40 -15 6.5 +0.3
EZM WisdomTree U.S. MidCap Earnings Fund 35.6 38 -13 8.8 +2.7
VTWV Vanguard Russell 2000 Value Index Fund 35.1 15 10 6.4 +0.2
IWN iShares Russell 2000 Value ETF 35.1 24 1 6.3 +0.2
SPMD SPDR Portfolio Mid Cap ETF 33.8 5 20 5.9 -0.2
MDY SPDR S&P Midcap 400 ETF Trust 33.8 23 2 5.8 -0.4

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Schwab Fundamental U.S. Small Co. Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.56
 
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.