Schwab Fundamental Emerging Markets Large Co. Index ETF
ALTAR
Score™
13.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.5x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
4.3%


  • 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) $2,297
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 322
Wgt avg mkt cap (mns) $60,735
Large cap (>$10bn) 69.7%
Mid cap ($2-10bn) 26.2%
Small cap (<$2bn) 2.4%
Developed mkts 8.5%
Emerging mkts 90.7%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 4.2 %
CHINA CONSTRUCTION BANK-H 4.2 %
HON HAI PRECISION INDUSTRY 3.3 %
IND & COMM BK OF CHINA - H 2.5 %
CHINA MOBILE LIMITED 2.4 %
CHINA PETROLEUM & CHEMICAL-H 2.0 %
BANK OF CHINA LTD - H 1.8 %
VALE SA 1.5 %
TENCENT HOLDINGS LTD 1.4 %
AMERICA MOVIL SAB DE CV CLASS L 1.2 %
Total 24.4 %

TOP COUNTRY EXPOSURE
CHINA 24.9 %
TAIWAN 20.2 %
BRAZIL 7.6 %
INDIA 6.7 %
HONG KONG 6.3 %
SOUTH AFRICA 4.0 %
MEXICO 3.6 %
THAILAND 3.1 %
TURKEY 1.8 %
MALAYSIA 1.7 %

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.
-24.3% -14.5% 0.8% -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.91 59%
MSCI EAFE 1.13 79%
MSCI Emg. Mkts. 0.98 90%

Technical Indicators
Recent close $23.66
30d moving avg. $21.82
Annualized volatility 20.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 546
Turnover 0.6%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $18,161

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 13.2%


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 65.7 50 -11 13.8 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 43.4 55 -16 8.9 -4.3
SCHE Schwab Emerging Markets Equity ETF 42.3 13 26 8.7 -4.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 39.3 14 25 9.6 -3.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 38.7 65 -26 8.4 -4.8
EEM iShares MSCI Emerging Markets ETF 38.2 68 -29 8.3 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 37.7 30 9 8.9 -4.3
ISEM Invesco Strategic Emerging Markets ETF 37.6 35 4 10.4 -2.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 36.4 45 -6 8.8 -4.4
VWO Vanguard FTSE Emerging Markets ETF 36.3 10 29 8.9 -4.3
EEMA iShares MSCI Emerging Markets Asia ETF 35.8 50 -11 8.5 -4.7
IEMG iShares Core MSCI Emerging Markets ETF 35.4 14 25 8.8 -4.4
SPEM SPDR Portfolio Emerging Markets ETF 35.1 11 28 8.7 -4.5
DEM WisdomTree Emerging Markets High Dividend Fund 32.7 63 -24 14.2 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.3 49 -10 8.4 -4.8
AXJL WisdomTree Asia Pacific ex-Japan Fund 32.0 48 -9 10.0 -3.2
FLAX Franklin FTSE Asia Ex Japan ETF 31.7 19 20 8.6 -4.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 31.6 45 -6 9.0 -4.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 31.5 68 -29 8.0 -5.2
GMF SPDR S&P Emerging Asia Pacific ETF 31.3 49 -10 8.0 -5.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 30.4 49 -10 9.1 -4.1
EMXC iShares MSCI Emerging Markets ex China ETF 30.4 49 -10 8.5 -4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 30.2 20 19 7.7 -5.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 29.9 30 9 9.5 -3.7
BKF iShares MSCI BRIC ETF 29.5 69 -30 8.5 -4.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 29.1 59 -20 11.2 -2.0
ESGE iShares ESG MSCI EM ETF 28.4 25 14 9.8 -3.4
RNEM Emerging Markets Equity Select ETF 27.8 75 -36 10.6 -2.6
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 27.7 50 -11 9.9 -3.3
ROAM Hartford Multifactor Emerging Markets ETF 27.2 44 -5 15.1 +1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 25.9 32 7 6.9 -6.3
DVEM WisdomTree Emerging Markets Dividend Fund 25.3 32 7 9.2 -4.0
FLCH Franklin FTSE China ETF 25.0 19 20 9.3 -3.9
MCHI iShares MSCI China ETF 24.8 59 -20 9.1 -4.1
AIA iShares Asia 50 ETF 24.8 50 -11 9.1 -4.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.8 95 -56 10.2 -3.0
FXI iShares China Large-Cap ETF 24.0 74 -35 13.6 +0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 23.8 29 10 9.9 -3.3
AVEM Avantis Emerging Markets Equity ETF 23.7 33 6 9.6 -3.6
GXC SPDR S&P China ETF 23.4 59 -20 9.0 -4.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.9 25 14 8.5 -4.7
NUEM Nuveen ESG Emerging Markets Equity ETF 21.3 45 -6 7.9 -5.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 21.1 40 -1 7.9 -5.3
CHIL Global X MSCI China Large-Cap 50 ETF 20.5 29 10 9.6 -3.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 20.2 32 7 9.6 -3.6
KALL KraneShares FTSE Emerging Markets Plus ETF 20.2 49 -10 9.1 -4.1
EWT iShares MSCI Taiwan ETF 19.9 59 -20 6.5 -6.7
FLTW Franklin FTSE Taiwan ETF 19.7 19 20 6.8 -6.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 19.6 45 -6 9.8 -3.4
XCEM Columbia EM Core ex-China ETF 19.3 16 23 7.9 -5.3
EMMF WisdomTree Emerging Markets Multifactor Fund 19.0 48 -9 9.9 -3.3
CN Xtrackers MSCI All China Equity ETF 18.8 50 -11 9.4 -3.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 18.8 64 -25 5.3 -7.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 17.9 32 7 7.9 -5.3
WCHN WisdomTree ICBCCS S&P China 500 Fund 17.8 55 -16 9.2 -4.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 16.0 45 -6 10.0 -3.2
VYMI Vanguard International High Dividend Yield ETF 15.2 32 7 10.4 -2.8
EDIV SPDR S&P Emerging Markets Dividend ETF 15.0 49 -10 11.6 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 14.9 20 19 11.1 -2.1
FEM First Trust Emerging Markets AlphaDEX Fund 14.8 80 -41 11.7 -1.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.7 45 -6 13.5 +0.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 14.6 51 -12 13.6 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.3 40 -1 7.5 -5.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.2 16 23 7.2 -6.0
EEMO Invesco S&P Emerging Markets Momentum ETF 13.1 30 9 7.3 -5.9
CHIX Global X China Financials ETF 12.9 65 -26 18.7 +5.5
ACWX iShares MSCI ACWI ex U.S. ETF 12.5 32 7 7.6 -5.6
ECON Columbia Emerging Markets Consumer ETF 12.5 59 -20 4.9 -8.3
VSGX Vanguard ESG International Stock ETF 12.5 17 22 7.5 -5.7
FRDM Freedom 100 Emerging Markets ETF 12.4 49 -10 7.5 -5.7
IXUS ishares Core MSCI Total International Stock ETF 12.1 9 30 7.7 -5.5
FLLA Franklin FTSE Latin America ETF 11.9 19 20 7.2 -6.0
VXUS Vanguard Total International Stock Index Fund 11.8 8 31 7.8 -5.4
VEU Vanguard FTSE All-World ex-US Index Fund 11.6 8 31 7.9 -5.3
BICK First Trust BICK Index Fund 11.1 64 -25 4.5 -8.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.8 70 -31 13.1 -0.1
DVYE iShares Emerging Markets Dividend ETF 10.5 49 -10 13.1 -0.1
EMFM Global X MSCI Next Emerging & Frontier ETF 10.3 55 -16 8.8 -4.4
PIE Invesco DWA Emerging Markets Momentum ETF 10.0 90 -51 5.7 -7.5
CWI SPDR MSCI ACWI ex-US ETF 9.8 30 9 7.8 -5.4
VIDI Vident International Equity Fund 8.9 59 -20 11.6 -1.6
FCA First Trust China AlphaDEX Fund 8.5 80 -41 15.1 +1.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.4 47 -8 13.8 +0.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.0 29 10 12.4 -0.8
MOTI VanEck Vectors Morningstar International Moat ETF 7.9 57 -18 8.5 -4.7
IGRO iShares International Dividend Growth ETF 7.7 22 17 8.2 -5.0
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.6 60 -21 8.6 -4.6
FLBR Franklin FTSE Brazil ETF 7.5 19 20 5.6 -7.6
EWZ iShares MSCI Brazil Capped ETF 7.5 59 -20 5.0 -8.2
FLN First Trust Latin America AlphaDEX Fund 7.4 80 -41 8.4 -4.8
ACWF iShares FactorSelect MSCI Global ETF 7.3 35 4 8.2 -5.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 7.2 32 7 7.0 -6.2
DEW WisdomTree Global High Dividend Fund 7.0 58 -19 9.2 -4.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.8 47 -8 12.9 -0.3
IQDF FlexShares International Quality Dividend Index Fund 6.6 47 -8 13.2 -0.0
DGT SPDR Global Dow ETF 6.4 50 -11 6.9 -6.3
FILL iShares MSCI Global Energy Producers ETF 6.3 39 0 6.1 -7.1
DNL WisdomTree Global ex-US Dividend Growth Fund 6.2 58 -19 8.0 -5.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.2 20 19 6.4 -6.8
ACWV iShares Edge MSCI Min Vol Global ETF 6.1 20 19 5.9 -7.3

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 10.1 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 13.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.45
 
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.