Schwab Fundamental Broad Mkt
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.8x P/Sales
ratio
1.1x
P/BV
ratio
2.2x Div.
yield
2.3%


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

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $301
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1600
Wgt avg mkt cap (mns) $214,890
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 3.3%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
APPLE INC 5.2 %
EXXON MOBIL CORP 2.1 %
MICROSOFT CORP 1.9 %
AT&T INC 1.7 %
JPMORGAN CHASE & CO 1.4 %
CHEVRON CORP 1.3 %
VERIZON COMMUNICATIONS INC 1.3 %
INTEL CORP 1.3 %
BERKSHIRE HATHAWAY INC-CL B 1.2 %
WAL-MART STORES INC 1.2 %
Total 18.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.7 %
BRITAIN 1.2 %
BERMUDA 0.4 %
SWITZERLAND 0.4 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.0 %
ISRAEL 0.0 %
PUERTO RICO 0.0 %

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.
28.9% 28.9% 9.4% -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 0.97 68%
MSCI Emg. Mkts. 0.62 48%

Technical Indicators
Recent close $42.33
30d moving avg. $42.17
Annualized volatility 12.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.9%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 16
Turnover 0.2%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $176,811

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNDB Expense: 25 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDB
Ticker Fund
Name
Overlap1
vs FNDB
(%)
Expense
ratio
(bp)
Savings
vs FNDB
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDB
(%)
FNDX Schwab Fundamental Large Cap 92.1 25 0 6.3 +0.0
PRF Invesco FTSE-RAFI U.S. 1000 86.0 39 -14 6.4 +0.1
VLU SPDR S&P 1500 Value Tilt 78.0 12 13 7.1 +0.9
IUS Invesco Strategic US 72.1 19 6 6.3 +0.0
EXT WisdomTree Total Earnings 70.8 28 -3 6.7 +0.4
IWV iShares Russell 3000 70.7 20 5 5.2 -1.1
SCHB Schwab U.S. Broad Market 70.6 3 22 5.4 -0.9
ITOT iShares Core S&P Total US 70.4 3 22 5.4 -0.9
IYY iShares DJ US Total Market 70.4 20 5 5.3 -0.9
SCHK Schwab 1000 Index 69.9 5 20 5.5 -0.8
IWB iShares Russell 1000 69.9 15 10 5.4 -0.9
VTI Vanguard Total Market 69.8 3 22 5.4 -0.9
VTHR Vanguard Russell 3000 69.6 15 10 5.3 -1.0
EPS WisdomTree Earnings 500 69.1 8 17 6.6 +0.3
VONE Vanguard Russell 1000 68.9 12 13 5.5 -0.8
SCHX Schwab U.S. Large-Cap 68.7 3 22 5.5 -0.8
PBUS Invesco PureBeta MSCI USA 68.5 4 21 5.6 -0.7
SPTM SPDR Portfolio Total Stock Market 68.5 3 22 5.4 -0.9
PBP Invesco S&P 500 Buy/Write 68.2 49 -24 5.2 -1.0
SPY S&P 500 SPDR 68.0 9 16 5.5 -0.7

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%.

Content on this tab for subscribers only**

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 Broad Mkt
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 13.3 %
Divided by: Fwd. P/BV 2.0 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
1.56 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.