Schwab Fundamental Emg Mkt Large Cap
ALTAR
Score™
11.1% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
10.6x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
4.4%


  • 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) $2,787
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) $53,776
Large cap (>$10bn) 70.8%
Mid cap ($2-10bn) 25.7%
Small cap (<$2bn) 1.9%
Developed mkts 8.5%
Emerging mkts 91.5%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 3.9 %
HON HAI PRECISION INDUSTRY 3.6 %
CHINA CONSTRUCTION BANK-H 3.4 %
IND & COMM BK OF CHINA - H 2.4 %
CHINA MOBILE LIMITED 2.0 %
CHINA PETROLEUM & CHEMICAL-H 1.8 %
BANK OF CHINA LTD - H 1.6 %
ITAU UNIBANCO HOLDING SA 1.4 %
VALE SA 1.4 %
AMERICA MOVIL SAB DE CV CLASS L 1.4 %
Total 22.8 %

TOP COUNTRY EXPOSURE
CHINA 19.6 %
TAIWAN 18.1 %
BRAZIL 10.8 %
INDIA 7.0 %
HONG KONG 5.7 %
SOUTH AFRICA 5.6 %
MEXICO 4.3 %
THAILAND 3.1 %
MALAYSIA 1.8 %
TURKEY 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.8% 10.8% 4.3% -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.75 39%
MSCI EAFE 1.05 65%
MSCI Emg. Mkts. 0.93 85%

Technical Indicators
Recent close $29.24
30d moving avg. $28.37
Annualized volatility 14.5%
Short interest (ETF) 0.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 307
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $9,997

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Fundamental Emg Mkt Large Cap 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™: 11.1%


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 65.9 50 -11 12.4 +1.3
JHEM John Hancock Multifactor Emerging Markets 44.8 55 -16 8.8 -2.3
SCHE Schwab Emerging Markets Equity 41.4 13 26 8.7 -2.4
DVEM WisdomTree Emerging Markets Dividend 40.6 32 7 11.2 +0.1
PBEE Invesco PureBeta FTSE Emerging Markets 40.1 14 25 9.2 -1.8
REEM Invesco Emerging Markets Revenue ETF 39.1 46 -7 11.6 +0.6
EEM iShares MSCI Emerging Markets 38.5 67 -28 8.5 -2.5
DBEM Xtrackers MSCI Emg. Mkts. Hedged 38.4 65 -26 8.4 -2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 38.4 30 9 8.5 -2.5
IEMG iShares Core MSCI Emerging Markets 35.5 14 25 8.6 -2.5
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 35.2 45 -6 9.1 -1.9
ISEM Invesco Strategic Emerging Markets 34.7 35 4 9.9 -1.2
VWO Vanguard Emerging Markets 34.7 12 27 8.7 -2.4
KEMX KraneShares MSCI Emerging Markets EX China Index 34.0 49 -10 8.7 -2.4
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 34.0 45 -6 8.7 -2.3
SPEM SPDR Portfolio Emerging Markets 33.8 11 28 8.4 -2.6
EEMA iShares MSCI Emg Mkts Asia 33.6 50 -11 8.7 -2.4
EMXC iShares MSCI Emerging Markets ex China 31.9 49 -10 8.7 -2.4
DEM WisdomTree Emerg Mkts High Yield Equity 31.7 63 -24 12.4 +1.3
BKF iShares MSCI BRIC 31.4 67 -28 8.7 -2.4

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 Emg Mkt Large Cap
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 9.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 11.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.49
 
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.