Schwab Fundamental Emerging Markets Large Co. Index ETF
ALTAR
Score™
13.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.6x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental Emerging Markets Large 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 Emerging Markets Large Company Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $3,056
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 323
Wgt avg mkt cap (mns) $71,726
Large cap (>$10bn) 68.3%
Mid cap ($2-10bn) 27.1%
Small cap (<$2bn) 2.6%
Developed mkts 8.1%
Emerging mkts 89.6%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 4.9 %
CHINA CONSTRUCTION BANK-H 3.4 %
HON HAI PRECISION INDUSTRY 3.0 %
CHINA MOBILE LIMITED 2.1 %
IND & COMM BK OF CHINA - H 2.0 %
TENCENT HOLDINGS LTD 1.5 %
CHINA PETROLEUM & CHEMICAL-H 1.5 %
VALE SA 1.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.4 %
BANK OF CHINA LTD - H 1.4 %
Total 22.7 %

TOP COUNTRY EXPOSURE
CHINA 24.1 %
TAIWAN 20.0 %
BRAZIL 8.9 %
INDIA 8.3 %
HONG KONG 6.0 %
SOUTH AFRICA 5.0 %
MEXICO 4.0 %
THAILAND 2.7 %
SAUDI ARABIA 2.2 %
MALAYSIA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.0% -10.4% 7.2% -- 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.87 59%
MSCI EAFE 1.10 78%
MSCI Emg. Mkts. 0.93 88%

Technical Indicators
Recent close $24.53
30d moving avg. $24.15
Annualized volatility 20.1%
Short interest (ETF) 0.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 736
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $17,666

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNDE Expense: 39 bp ALTAR Score™: 13.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDE
Ticker Fund
Name
Overlap1
vs FNDE
(%)
Expense
ratio
(bp)
Savings
vs FNDE
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDE
(%)
PXH Invesco FTSE RAFI Emerging Markets ETF 70.1 50 -11 13.3 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 43.9 49 -10 8.7 -4.7
SCHE Schwab Emerging Markets Equity ETF 41.5 11 28 7.8 -5.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 38.5 36 3 7.2 -6.2
EEM iShares MSCI Emerging Markets ETF 37.8 68 -29 7.3 -6.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 36.7 45 -6 7.5 -6.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 36.4 15 24 8.3 -5.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 36.0 65 -26 7.4 -6.0
VWO Vanguard FTSE Emerging Markets ETF 35.9 10 29 7.9 -5.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.7 30 9 7.6 -5.8
EEMA iShares MSCI Emerging Markets Asia ETF 35.4 50 -11 7.6 -5.8
ISEM Invesco Strategic Emerging Markets ETF 35.3 35 4 10.8 -2.7
IEMG iShares Core MSCI Emerging Markets ETF 35.2 13 26 7.8 -5.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.1 49 -10 7.7 -5.7
ESGE iShares ESG MSCI EM ETF 32.9 25 14 8.5 -4.9
SPEM SPDR Portfolio Emerging Markets ETF 32.8 11 28 7.7 -5.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 32.6 44 -5 9.1 -4.4
BKEM BNY Mellon Emerging Markets Equity ETF 32.3 11 28 8.2 -5.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 31.5 30 9 8.7 -4.7
FLAX Franklin FTSE Asia Ex Japan ETF 31.4 19 20 7.6 -5.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 31.2 68 -29 7.0 -6.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.9 20 19 6.7 -6.8
EMXC iShares MSCI Emerging Markets ex China ETF 29.7 25 14 8.1 -5.3
DEM WisdomTree Emerging Markets High Dividend Fund 29.1 63 -24 15.1 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 29.1 49 -10 7.9 -5.5
BKF iShares MSCI BRIC ETF 28.4 69 -30 7.3 -6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 27.9 59 -20 11.0 -2.4
GMF SPDR S&P Emerging Asia Pacific ETF 27.4 49 -10 7.0 -6.4
RNEM Emerging Markets Equity Select ETF 26.9 75 -36 11.8 -1.6
ROAM Hartford Multifactor Emerging Markets ETF 26.8 44 -5 13.0 -0.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 24.7 25 14 7.9 -5.5
DVEM WisdomTree Emerging Markets Dividend Fund 24.5 32 7 7.2 -6.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.7 32 7 5.6 -7.8
NUEM Nuveen ESG Emerging Markets Equity ETF 23.6 45 -6 6.7 -6.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 23.1 29 10 10.1 -3.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.4 40 -1 7.2 -6.2
AVEM Avantis Emerging Markets Equity ETF 22.1 33 6 8.7 -4.7
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.4 32 7 8.9 -4.5
AIA iShares Asia 50 ETF 21.3 50 -11 7.8 -5.7
FLCH Franklin FTSE China ETF 21.2 19 20 8.1 -5.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 21.0 95 -56 8.0 -5.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 21.0 45 -6 8.5 -5.0
MCHI iShares MSCI China ETF 20.9 59 -20 7.6 -5.8
FXI iShares China Large-Cap ETF 20.0 74 -35 13.1 -0.3
EWT iShares MSCI Taiwan ETF 19.8 59 -20 6.1 -7.3
GXC SPDR S&P China ETF 19.6 59 -20 7.6 -5.8
VYMI Vanguard International High Dividend Yield ETF 19.5 27 12 10.2 -3.3
FLTW Franklin FTSE Taiwan ETF 19.5 19 20 6.2 -7.2
XCEM Columbia EM Core ex-China ETF 19.5 16 23 7.1 -6.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 19.1 45 -6 9.0 -4.4
KALL KraneShares FTSE Emerging Markets Plus ETF 18.6 49 -10 7.8 -5.6
EMMF WisdomTree Emerging Markets Multifactor Fund 18.3 48 -9 9.5 -3.9
CHIL Global X MSCI China Large-Cap 50 ETF 17.0 29 10 7.4 -6.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 16.6 51 -12 16.4 +3.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.2 45 -6 14.3 +0.9
CN Xtrackers MSCI All China Equity ETF 15.8 50 -11 7.9 -5.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.2 16 23 6.9 -6.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.6 20 19 11.6 -1.8
VSGX Vanguard ESG International Stock ETF 14.6 17 22 7.0 -6.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.4 40 -1 7.1 -6.4
FEM First Trust Emerging Markets AlphaDEX Fund 14.3 80 -41 13.6 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 14.3 29 10 4.0 -9.5
FLLA Franklin FTSE Latin America ETF 13.3 19 20 6.7 -6.7
IXUS ishares Core MSCI Total International Stock ETF 13.1 9 30 7.3 -6.1
ACWX iShares MSCI ACWI ex U.S. ETF 13.1 32 7 7.2 -6.2
ECON Columbia Emerging Markets Consumer ETF 12.7 59 -20 4.9 -8.5
EDIV SPDR S&P Emerging Markets Dividend ETF 12.5 49 -10 12.1 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 12.3 8 31 7.5 -5.9
VXUS Vanguard Total International Stock Index Fund 12.3 8 31 7.5 -5.9
CHIX Global X China Financials ETF 11.7 66 -27 19.1 +5.7
EMFM Global X MSCI Next Emerging & Frontier ETF 11.5 66 -27 9.0 -4.4
FRDM Freedom 100 Emerging Markets ETF 11.4 49 -10 6.5 -6.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.6 74 -35 13.6 +0.2
VIDI Vident International Equity Fund 10.5 59 -20 11.3 -2.1
DVYE iShares Emerging Markets Dividend ETF 10.4 49 -10 17.2 +3.8
CWI SPDR MSCI ACWI ex-US ETF 9.7 30 9 7.2 -6.3
PIE Invesco DWA Emerging Markets Momentum ETF 9.7 90 -51 4.9 -8.5
BICK First Trust BICK Index Fund 9.5 64 -25 4.7 -8.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.4 29 10 11.5 -1.9
IQDF FlexShares International Quality Dividend Index Fund 9.3 47 -8 9.1 -4.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.0 61 -22 9.0 -4.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.0 47 -8 9.3 -4.2
FLBR Franklin FTSE Brazil ETF 8.8 19 20 5.3 -8.1
WUGI Esoterica NextG Economy ETF 8.5 75 -36 1.5 -11.9
EWZ iShares MSCI Brazil Capped ETF 8.5 59 -20 4.8 -8.6
FLIN Franklin FTSE India ETF 8.3 19 20 5.6 -7.8
IGRO iShares International Dividend Growth ETF 8.2 22 17 8.4 -5.0
MOTI VanEck Vectors Morningstar International Moat ETF 8.1 57 -18 9.9 -3.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 8.1 32 7 11.3 -2.2
INDA iShares MSCI India ETF 8.1 69 -30 5.2 -8.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.8 47 -8 9.1 -4.3
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.7 80 -41 8.0 -5.4
INDY iShares India 50 ETF 7.7 93 -54 5.3 -8.1
VIGI Vanguard International Dividend Appreciation ETF 7.6 20 19 5.5 -7.9
ACWF iShares FactorSelect MSCI Global ETF 7.5 35 4 7.8 -5.7
PIN Invesco India ETF 7.3 78 -39 5.9 -7.5
EPI WisdomTree India Earnings Fund 7.1 84 -45 8.5 -5.0
DGT SPDR Global Dow ETF 6.9 50 -11 7.2 -6.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.8 20 19 5.9 -7.5

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 Emerging Markets Large Co. Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 13.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.43
 
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.