Schwab Fundamental Small Cap
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.2x P/Sales
ratio
0.8x
P/BV
ratio
1.7x 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) $3,643
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 912
Wgt avg mkt cap (mns) $4,262
Large cap (>$10bn) 7.8%
Mid cap ($2-10bn) 59.9%
Small cap (<$2bn) 32.3%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
UNIVERSAL FOREST PRODUCTS 0.3 %
GNC HOLDINGS INC-CL A 0.3 %
TERADYNE INC 0.3 %
ASBURY AUTOMOTIVE GROUP 0.3 %
TELEDYNE TECHNOLOGIES INC 0.3 %
MASTEC INC 0.3 %
INSIGHT ENTERPRISES INC 0.3 %
SKECHERS USA INC-CL A 0.3 %
CIRRUS LOGIC INC 0.3 %
KBR INC 0.3 %
Total 3.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
BERMUDA 1.0 %
BRITAIN 0.8 %
IRELAND 0.7 %
PUERTO RICO 0.5 %
NETHERLANDS 0.5 %
BRAZIL 0.3 %
CANADA 0.2 %
MONACO 0.2 %
LUXEMBOURG 0.2 %

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.
18.1% 5.7% 7.2% -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.18 77%
MSCI EAFE 0.93 40%
MSCI Emg. Mkts. 0.53 22%

Technical Indicators
Recent close $38.75
30d moving avg. $38.67
Annualized volatility 16.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 209
Turnover 0.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $26,585

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Fundamental Small Cap 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™: 6.3%


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 61.2 23 2 6.4 +0.1
PRFZ Invesco FTSE-RAFI Small-Mid 1500 50.5 39 -14 4.8 -1.5
PBSM Invesco PureBeta MSCI USA Small Cap 49.1 6 19 5.3 -1.0
SCHA Schwab U.S. Small-Cap 47.8 4 21 5.2 -1.1
VB Vanguard Smallcap ETF 47.6 5 20 5.7 -0.6
SPMD SPDR Portfolio Mid Cap 46.8 5 20 6.4 +0.1
SPSM SPDR Portfolio Small Cap 46.2 5 20 4.6 -1.6
VBR Vanguard Small-Cap Value ETF 42.9 7 18 7.9 +1.6
IWM iShares Russell 2000 41.7 19 6 3.8 -2.5
VXF Vanguard Extended Market 40.9 7 18 3.4 -2.8
VTWO Vanguard Russell 2000 40.8 15 10 3.8 -2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 40.2 20 5 5.9 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized 39.8 17 8 4.9 -1.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 39.6 29 -4 5.1 -1.2
EZM WisdomTree Midcap Earnings 37.9 38 -13 7.9 +1.6
FSMD Fidelity Small-Mid Factor ETF 37.4 29 -4 6.6 +0.3
ISMD Inspire Small/Mid Cap Impact 37.2 61 -36 4.8 -1.5
IWN iShares Russell 2000 Value 36.0 24 1 6.6 +0.3
EWMC Invesco S&P Mid Cap 400 Equal Weight 35.7 40 -15 6.8 +0.5
VTWV Vanguard Russell 2000 Value 35.7 20 5 6.7 +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

  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

Content on this tab for subscribers only

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:
Schwab Fundamental Small Cap
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 10.4 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.55
 
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.