Schwab Fundamental Emerging Markets Large Co. Index ETF
ALTAR
Score™
10.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
9.5x P/Sales
ratio
0.5x
P/BV
ratio
0.8x Div.
yield
4.5%


  • 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) $2,819
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 267
Wgt avg mkt cap (mns) $58,200
Large cap (>$10bn) 68.1%
Mid cap ($2-10bn) 28.5%
Small cap (<$2bn) 1.7%
Developed mkts 8.4%
Emerging mkts 91.6%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 4.2 %
CHINA CONSTRUCTION BANK-H 3.5 %
HON HAI PRECISION INDUSTRY 3.2 %
IND & COMM BK OF CHINA - H 2.3 %
CHINA MOBILE LIMITED 2.2 %
CHINA PETROLEUM & CHEMICAL-H 1.9 %
BANK OF CHINA LTD - H 1.6 %
VALE SA 1.5 %
ITAU UNIBANCO HOLDING SA 1.4 %
AMERICA MOVIL SAB DE CV CLASS L 1.3 %
Total 23.0 %

TOP COUNTRY EXPOSURE
CHINA 20.7 %
TAIWAN 18.4 %
BRAZIL 10.5 %
INDIA 7.1 %
HONG KONG 6.0 %
SOUTH AFRICA 5.2 %
MEXICO 4.3 %
THAILAND 3.0 %
TURKEY 1.8 %
MALAYSIA 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.0% -0.8% 6.1% -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.79 40%
MSCI EAFE 1.11 65%
MSCI Emg. Mkts. 0.97 86%

Technical Indicators
Recent close $27.97
30d moving avg. $28.96
Annualized volatility 15.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 445
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $12,142

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 10.0%


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 67.2 50 -11 11.8 +1.8
JHEM John Hancock Multifactor Emerging Markets 43.9 55 -16 8.4 -1.7
SCHE Schwab Emerging Markets Equity 41.6 13 26 7.9 -2.1
DVEM WisdomTree Emerging Markets Dividend 40.7 32 7 11.0 +1.0
PBEE Invesco PureBeta FTSE Emerging Markets 40.2 14 25 8.5 -1.5
EEM iShares MSCI Emerging Markets 37.9 68 -29 7.7 -2.3
DBEM Xtrackers MSCI Emg. Mkts. Hedged 37.7 65 -26 7.7 -2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 37.2 30 9 7.8 -2.2
ISEM Invesco Strategic Emerging Markets 36.2 35 4 10.1 +0.1
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 35.1 45 -6 8.5 -1.5
VWO Vanguard Emerging Markets 35.1 10 29 8.0 -2.0
IEMG iShares Core MSCI Emerging Markets 34.8 14 25 8.1 -1.9
KEMX KraneShares MSCI Emerging Markets EX China Index 34.4 49 -10 7.9 -2.1
REEM Invesco Emerging Markets Revenue ETF 34.4 46 -7 11.0 +1.0
SPEM SPDR Portfolio Emerging Markets 34.1 11 28 8.0 -2.0
EEMA iShares MSCI Emg Mkts Asia 33.8 50 -11 8.0 -2.1
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 33.2 45 -6 7.8 -2.2
DEM WisdomTree Emerg Mkts High Yield Equity 31.4 63 -24 12.5 +2.4
EMXC iShares MSCI Emerging Markets ex China 31.3 49 -10 8.1 -2.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity 31.0 20 19 7.3 -2.7

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%.

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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:

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 8.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.48
 
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.