Schwab Fundamental Intl Small Cap
ALTAR
Score™
4.4% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
16.6x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
2.8%


  • 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) $2,165
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 1644
Wgt avg mkt cap (mns) $3,357
Large cap (>$10bn) 6.4%
Mid cap ($2-10bn) 47.9%
Small cap (<$2bn) 45.7%
Developed mkts 92.6%
Emerging mkts 7.4%

TOP TEN HOLDINGS
BOVIS HOMES GROUP PLC 0.2 %
HITACHI CHEMICAL CO LTD 0.2 %
HITACHI HIGH-TECHNOLOGIES CO 0.2 %
AAC TECHNOLOGIES HOLDINGS INC. 0.2 %
SEMICONDUCTOR MANUFACTURING INTERN 0.2 %
TAIYO YUDEN CO LTD 0.2 %
GETINGE AB-B SHS 0.2 %
LG INNOTEK CO LTD 0.2 %
CREDIT SAISON CO LTD 0.2 %
NEXANS SA 0.2 %
Total 1.8 %

TOP COUNTRY EXPOSURE
JAPAN 32.1 %
BRITAIN 9.5 %
CANADA 7.4 %
SOUTH KOREA 5.2 %
AUSTRALIA 5.1 %
FRANCE 3.6 %
GERMANY 3.5 %
SWITZERLAND 3.4 %
HONG KONG 2.9 %
SWEDEN 2.8 %

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.
20.5% 20.5% 7.5% -- 7.4%

Market Correlations
versus... Beta R-squared
S&P500 0.85 71%
MSCI EAFE 1.06 92%
MSCI Emg. Mkts. 0.75 79%

Technical Indicators
Recent close $32.81
30d moving avg. $33.04
Annualized volatility 12.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 185
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $10,125

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Fundamental Intl Small Cap 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™: 4.4%


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 Mkts ex-US Small-Mid Cap 66.8 49 -10 6.3 +1.9
ISDS Invesco Strategic Developed ex-US Small Company 42.1 35 4 5.1 +0.7
SCZ iShares MSCI EAFE Small Cap 40.3 39 0 6.1 +1.7
SCHC Schwab Intl Small-Cap Equity 37.9 12 27 6.3 +1.9
GWX SPDR International SmallCap 32.4 40 -1 4.5 +0.1
VSS Vanguard FTSE All World ex-US Small Cap 32.4 12 27 6.2 +1.8
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 27.8 43 -4 8.1 +3.7
IEUS iShares MSCI Europe Small Cap 26.1 40 -1 6.2 +1.8
DLS WisdomTree Int'l SmallCap Dividend 25.0 58 -19 8.0 +3.6
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 23.7 39 0 8.2 +3.8
SCJ iShares MSCI Japan Small Cap 23.1 47 -8 6.1 +1.7
IDLB Invesco FTSE Int'l Low Beta Equal Weight 23.0 45 -6 6.8 +2.4
DXJS WisdomTree Japan Hedged Small 21.8 58 -19 7.7 +3.3
DFJ WisdomTree Japan Small Cap Dividend 21.7 58 -19 7.8 +3.4
AVDV Avantis International Small Cap Value 19.9 36 3 7.1 +2.7
AVDE Avantis International Equity 19.1 23 16 7.3 +2.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity 17.2 39 0 6.1 +1.7
DIM WisdomTree Intl M/C Dividend 17.1 58 -19 7.3 +2.8
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 16.7 24 15 6.8 +2.4
VPL Vanguard Pacific ETF 16.4 9 30 7.5 +3.1

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

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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 Intl Small Cap
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 5.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.63
 
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.