Schwab Fundamental International Small Co. Index ETF
ALTAR
Score™
7.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental International Small Cap 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 Developed ex-U.S. Small Company Index.

FUND BASICS
Category International Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $1,868
Currency USD
Expense ratio 39 bp
Distributions Annually

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 1608
Wgt avg mkt cap (mns) $3,330
Large cap (>$10bn) 6.2%
Mid cap ($2-10bn) 45.0%
Small cap (<$2bn) 48.6%
Developed mkts 92.0%
Emerging mkts 7.9%

TOP TEN HOLDINGS
ILIAD SA 0.2 %
SILVER WHEATON CORP 0.2 %
SVENSKA CELLULOSA AB-B SHS 0.2 %
NISSIN FOODS HOLDINGS CO LTD 0.2 %
IBIDEN CO LTD 0.2 %
SEMICONDUCTOR MANUFACTURING INTERN 0.2 %
CAMECO CORP 0.2 %
OSAKA SECURITIES EXCHANGE CO 0.2 %
KYOWA HAKKO KIRIN CO LTD 0.2 %
SUN ART RETAIL GROUP LTD 0.2 %
Total 2.1 %

TOP COUNTRY EXPOSURE
JAPAN 35.9 %
BRITAIN 7.7 %
CANADA 6.7 %
SOUTH KOREA 5.6 %
AUSTRALIA 4.9 %
SWEDEN 3.6 %
GERMANY 3.6 %
FRANCE 3.4 %
SWITZERLAND 3.4 %
HONG KONG 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.8% -6.3% 1.4% -- 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.99 85%
MSCI EAFE 1.14 96%
MSCI Emg. Mkts. 0.86 84%

Technical Indicators
Recent close $28.57
30d moving avg. $26.17
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 296
Turnover 0.5%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $17,135

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Schwab Fundamental International Small Co. Index ETF ETF based on the alternatives' overlap in portfolio holdings with FNDC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FNDC Expense: 39 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDC
Ticker Fund
Name
Overlap1
vs FNDC
(%)
Expense
ratio
(bp)
Savings
vs FNDC
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDC
(%)
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 64.4 49 -10 6.9 -0.3
ISDS Invesco Strategic Developed ex-US Small Company ETF 42.5 35 4 5.5 -1.6
SCZ iShares MSCI Eafe Small-Cap ETF 40.0 40 -1 6.5 -0.6
SCHC Schwab International Small-Cap Equity ETF 35.4 12 27 6.9 -0.2
GWX SPDR S&P International Small Cap ETF 30.6 40 -1 5.8 -1.4
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 30.3 11 28 6.3 -0.8
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 25.8 43 -4 8.7 +1.6
SCJ iShares MSCI Japan Small-Cap ETF 25.5 47 -8 6.5 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 24.9 45 -6 7.2 +0.1
IEUS iShares MSCI Europe Small-Cap ETF 24.4 40 -1 6.8 -0.3
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 23.8 58 -19 8.4 +1.3
DFJ WisdomTree Japan SmallCap Dividend Fund 23.7 58 -19 8.5 +1.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 23.0 39 0 9.1 +2.0
DLS WisdomTree International SmallCap Dividend Fund 22.0 58 -19 8.5 +1.4
AVDV Avantis International Small Cap Value ETF 20.4 36 3 7.6 +0.5
AVDE Avantis International Equity ETF 19.2 23 16 7.9 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.6 24 15 7.2 +0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 17.9 30 9 6.9 -0.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.6 39 0 6.7 -0.4
VPL Vanguard FTSE Pacific ETF 16.4 8 31 7.8 +0.7
DIM WisdomTree International MidCap Dividend Fund 15.7 58 -19 7.6 +0.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 14.9 40 -1 8.5 +1.4
IEFA iShares Core MSCI EAFE ETF 14.9 7 32 7.3 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 14.6 5 34 7.3 +0.2
IPAC iShares Core MSCI Pacific ETF 14.3 9 30 7.5 +0.4
VEA Vanguard FTSE Developed Markets ETF 14.2 5 34 7.4 +0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 12.6 80 -41 10.4 +3.3
FLJP Franklin FTSE Japan ETF 12.5 9 30 7.8 +0.7
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 12.4 30 9 7.6 +0.5
FLJH Franklin FTSE Japan Hedged ETF 12.1 9 30 7.7 +0.6
IEUR iShares Core MSCI Europe ETF 12.0 9 30 7.3 +0.2
SCID Global X Scientific Beta Europe ETF 11.8 38 1 6.9 -0.3
IXUS ishares Core MSCI Total International Stock ETF 11.8 9 30 7.6 +0.5
SPDW SPDR Portfolio Developed World ex-US ETF 11.6 4 35 7.2 +0.1
VGK Vanguard FTSE Europe ETF 11.4 8 31 7.3 +0.2
VXUS Vanguard Total International Stock Index Fund 11.1 8 31 7.7 +0.6
FEU SPDR Portfolio Europe ETF 11.1 9 30 7.3 +0.1
VSGX Vanguard ESG International Stock ETF 11.0 17 22 7.4 +0.3
DWM WisdomTree International Equity Fund 11.0 48 -9 8.2 +1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 10.7 7 32 7.6 +0.5
SCHF Schwab International Equity ETF 10.6 6 33 7.4 +0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.5 29 10 8.6 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 10.3 29 10 8.1 +1.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 9.9 9 30 7.9 +0.8
JPXN iShares JPX-Nikkei 400 ETF 9.8 48 -9 7.5 +0.4
PDEV Principal International Multi-Factor Core Index ETF 9.5 25 14 7.9 +0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.2 25 14 6.8 -0.3
EFG iShares MSCI EAFE Growth ETF 9.2 40 -1 4.7 -2.4
FDT First Trust Developed Markets ex-US Alphadex Fund 9.1 80 -41 7.8 +0.7
DXJ WisdomTree Japan Hedged Equity Fund 9.0 48 -9 8.3 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 9.0 35 4 8.6 +1.5
JPIN JPMorgan Diversified Return International Equity ETF 8.9 38 1 8.0 +0.8
EWJE iShares MSCI Japan Equal Weighted ETF 8.7 15 24 7.1 -0.0
BBJP JPMorgan BetaBuilders Japan ETF 8.5 19 20 7.7 +0.6
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 8.0 43 -4 9.2 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 8.0 8 31 7.7 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.9 45 -6 6.8 -0.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 7.7 25 14 7.6 +0.5
RNDM Developed International Equity Select ETF 7.6 65 -26 6.4 -0.7
IGRO iShares International Dividend Growth ETF 7.5 22 17 8.0 +0.9
KLDW Gavekal Knowledge Leaders Developed World ETF 7.5 75 -36 4.8 -2.3
JPGE JPMorgan Diversified Return Global Equity ETF 7.4 29 10 7.3 +0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 7.3 20 19 7.3 +0.2
EWUS iShares MSCI United Kingdom Small Cap ETF 7.3 59 -20 8.1 +0.9
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.2 58 -19 7.9 +0.8
EWJ iShares MSCI Japan ETF 7.2 49 -10 7.4 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 7.1 45 -6 6.7 -0.4
EFA iShares MSCI EAFE ETF 7.1 32 7 7.2 +0.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 7.1 45 -6 7.4 +0.3
DDEZ WisdomTree Europe Multifactor Fund 7.0 43 -4 7.2 +0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 7.0 14 25 8.0 +0.9
FLEE Franklin FTSE Europe ETF 7.0 9 30 7.0 -0.1
FLEH Franklin FTSE Europe Hedged ETF 7.0 9 30 7.2 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.0 35 4 7.0 -0.1
QINT American Century Quality Diversified International ETF 6.9 39 0 5.9 -1.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 6.9 30 9 6.8 -0.3
JHMD John Hancock Multifactor Developed International ETF 6.8 45 -6 7.4 +0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 6.6 30 9 5.0 -2.1
VIGI Vanguard International Dividend Appreciation ETF 6.6 25 14 5.9 -1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 6.5 20 19 7.5 +0.4
FEP First Trust Europe AlphaDEX Fund 6.4 80 -41 7.9 +0.8
DFE WisdomTree Europe SmallCap Dividend Fund 6.3 58 -19 8.4 +1.3
IQDG WisdomTree International Quality Dividend Growth Fund 6.2 38 1 6.4 -0.7
JPEU JPMorgan Diversified Return Europe Equity ETF 6.2 37 2 6.8 -0.3
DTH WisdomTree DEFA Equity Income Fund 6.1 58 -19 9.6 +2.5
IDHQ Invesco S&P International Developed High Quality ETF 6.1 29 10 5.4 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 6.0 32 7 7.5 +0.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 5.9 45 -6 6.9 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.9 40 -1 7.4 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.8 30 9 6.2 -0.9
BBEU JPMorgan BetaBuilders Europe ETF 5.8 9 30 7.3 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 5.7 30 9 6.8 -0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.7 58 -19 6.1 -1.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 5.6 58 -19 6.4 -0.7
IDMO Invesco S&P International Developed Momentum ETF 5.5 25 14 4.7 -2.5
TPIF Timothy Plan International ETF 5.5 62 -23 7.0 -0.1
SCIJ Global X Scientific Beta Japan ETF 5.2 39 0 7.2 +0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 5.0 48 -9 0.0 -7.1
VT Vanguard Total World Stock Index Fund 5.0 8 31 6.3 -0.9

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 International 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 7.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.59
 
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.