Schwab Fundamental International Large Co. Index ETF
ALTAR
Score™		 8.6% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 21.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental International 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 Developed ex-U.S. Large Company Index.

FUND BASICS
Category International Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $4,159
Currency USD
Expense ratio 25 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 928
Wgt avg mkt cap (mns) $56,473
Large cap (>$10bn) 78.3%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 1.8%
Developed mkts 92.4%
Emerging mkts 7.6%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 2.1 %
TOYOTA MOTOR CORP 1.5 %
NESTLE SA-REG 1.2 %
TOTAL SA 1.1 %
BP PLC 1.1 %
ROYAL DUTCH SHELL PLC-A SHS 1.0 %
ROYAL DUTCH SHELL PLC-B SHS 0.9 %
DAIMLER AG-REGISTERED SHARES 0.8 %
ROCHE HOLDING AG-GENUSSCHEIN 0.8 %
SIEMENS AG-REG 0.8 %
Total 11.3 %

TOP COUNTRY EXPOSURE
JAPAN 24.1 %
BRITAIN 13.9 %
GERMANY 9.3 %
FRANCE 8.5 %
SOUTH KOREA 7.1 %
CANADA 6.5 %
SWITZERLAND 6.0 %
AUSTRALIA 5.5 %
NETHERLANDS 2.9 %
SPAIN 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.5% -9.0% 0.4% -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.85 76%
MSCI EAFE 1.04 97%
MSCI Emg. Mkts. 0.73 77%

Technical Indicators
Recent close $25.56
30d moving avg. $24.62
Annualized volatility 16.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 444
Turnover 0.3%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $59,624

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: FNDF Expense: 25 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDF
Ticker Fund
Name		 Overlap1
vs FNDF
(%)		 Expense
ratio
(bp)		 Savings
vs FNDF
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FNDF
(%)
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 85.4 45 -20 8.7 +0.1
ISDX Invesco Strategic Developed ex-US ETF 69.8 23 2 7.2 -1.4
SCHF Schwab International Equity ETF 65.8 6 19 7.2 -1.4
HFXI IQ 50 Percent Hedged FTSE International ETF 64.3 20 5 7.3 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 63.9 7 18 7.4 -1.2
IQIN IQ 500 International ETF 61.5 25 0 8.6 +0.0
EFA iShares MSCI EAFE ETF 60.9 32 -7 6.9 -1.7
VEA Vanguard FTSE Developed Markets ETF 60.5 5 20 7.3 -1.3
BKIE BNY Mellon International Equity ETF 60.5 4 21 7.2 -1.4
GSID Goldman Sachs MarketBeta International Equity ETF 60.5 20 5 7.2 -1.4
SPDW SPDR Portfolio Developed World ex-US ETF 60.3 4 21 7.0 -1.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 59.8 35 -10 6.7 -1.9
IDEV iShares Core MSCI International Developed Markets ETF 59.2 5 20 7.1 -1.5
JHMD John Hancock Multifactor Developed International ETF 58.0 39 -14 7.3 -1.3
EFV iShares MSCI EAFE Value ETF 58.0 39 -14 9.4 +0.8
IEFA iShares Core MSCI EAFE ETF 57.6 7 18 7.2 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 56.0 20 5 7.0 -1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 54.5 35 -10 8.4 -0.2
DWM WisdomTree International Equity Fund 54.5 48 -23 8.2 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 54.0 32 -7 7.1 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 53.2 40 -15 6.9 -1.7
VEU Vanguard FTSE All-World ex-US Index Fund 52.6 8 17 7.4 -1.2
PDEV Principal International Multi-Factor Core Index ETF 52.0 25 0 7.7 -0.9
CWI SPDR MSCI ACWI ex-US ETF 51.6 30 -5 7.1 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 51.6 25 0 6.5 -2.1
ESGD iShares MSCI EAFE ESG Optimized ETF 51.3 20 5 6.8 -1.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 50.6 39 -14 8.2 -0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 50.2 39 -14 6.4 -2.2
IXUS ishares Core MSCI Total International Stock ETF 50.0 9 16 7.3 -1.3
IQSI IQ Candriam ESG International Equity ETF 49.7 15 10 7.2 -1.4
VXUS Vanguard Total International Stock Index Fund 49.6 8 17 7.4 -1.2
QEFA SPDR MSCI EAFE Quality Mix ETF 49.5 30 -5 6.8 -1.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 49.5 35 -10 6.8 -1.8
DOL WisdomTree International LargeCap Dividend Fund 48.3 48 -23 8.5 -0.1
FLEE Franklin FTSE Europe ETF 46.5 9 16 6.9 -1.7
FLEH Franklin FTSE Europe Hedged ETF 46.3 9 16 7.0 -1.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 46.3 30 -5 6.9 -1.7
IDY Pacific Global International Equity Income ETF 46.2 39 -14 7.9 -0.7
ISZE iShares Edge MSCI Intl Size Factor ETF 45.7 30 -5 7.2 -1.4
VYMI Vanguard International High Dividend Yield ETF 45.5 32 -7 9.9 +1.3
IEV iShares Europe ETF 45.0 59 -34 6.7 -1.9
IEUR iShares Core MSCI Europe ETF 45.0 9 16 7.1 -1.5
BBEU JPMorgan BetaBuilders Europe ETF 44.8 9 16 7.2 -1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 44.7 45 -20 6.5 -2.1
VGK Vanguard FTSE Europe ETF 44.5 8 17 7.3 -1.3
FEU SPDR Portfolio Europe ETF 44.1 9 16 7.2 -1.4
CIL VictoryShares International Volatility Weighted Index ETF 43.7 45 -20 6.5 -2.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 43.7 45 -20 6.5 -2.1
VSGX Vanguard ESG International Stock ETF 42.5 17 8 7.0 -1.6
IVLU iShares Edge MSCI Intl Value Factor ETF 42.2 30 -5 11.3 +2.8
AVDE Avantis International Equity ETF 39.3 23 2 7.7 -0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 38.4 25 0 6.4 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 37.7 16 9 6.8 -1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 36.9 14 11 6.9 -1.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 36.8 24 1 7.0 -1.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 36.1 29 -4 7.6 -1.0
VPL Vanguard FTSE Pacific ETF 35.8 8 17 7.5 -1.1
DTH WisdomTree DEFA Equity Income Fund 34.2 58 -33 9.6 +1.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 31.4 29 -4 8.5 -0.1
RNDM Developed International Equity Select ETF 31.1 65 -40 6.2 -2.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 30.3 42 -17 5.2 -3.4
IPAC iShares Core MSCI Pacific ETF 29.7 9 16 7.2 -1.4
JPIN JPMorgan Diversified Return International Equity ETF 29.2 37 -12 7.8 -0.8
QWLD SPDR MSCI World StrategicFactors ETF 29.0 30 -5 6.0 -2.6
URTH iShares MSCI World ETF 29.0 24 1 5.5 -3.1
TPIF Timothy Plan International ETF 29.0 62 -37 6.2 -2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 28.8 30 -5 0.0 -8.6
SCID Global X Scientific Beta Europe ETF 28.2 39 -14 6.3 -2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.2 45 -20 6.6 -2.0
VGFO Virtus WMC Global Factor Opportunities ETF 28.0 49 -24 7.8 -0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 27.7 45 -20 7.0 -1.6
EURZ Xtrackers Eurozone Equity ETF 27.5 9 16 6.9 -1.7
EZU iShares MSCI Eurozone ETF 27.4 49 -24 6.5 -2.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 27.4 35 -10 8.5 -0.1
ACWI iShares MSCI ACWI ETF 26.5 32 -7 5.7 -2.9
FIVA Fidelity International Value Factor ETF 26.4 39 -14 9.8 +1.2
OEUR O'shares FTSE Europe Quality Dividend ETF 25.9 48 -23 6.6 -2.0
QINT American Century Quality Diversified International ETF 25.8 39 -14 5.6 -3.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 25.3 20 5 5.9 -2.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 25.3 20 5 5.9 -2.7
DEW WisdomTree Global High Dividend Fund 24.5 58 -33 9.1 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.8 30 -5 6.0 -2.6
IGRO iShares International Dividend Growth ETF 23.8 22 3 7.8 -0.8
TOK iShares MSCI Kokusai ETF 23.7 25 0 5.3 -3.3
RBIN Nationwide Risk-Based International Equity ETF 23.7 42 -17 6.1 -2.5
VT Vanguard Total World Stock Index Fund 23.7 8 17 5.9 -2.7
FLJP Franklin FTSE Japan ETF 23.6 9 16 7.5 -1.1
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 23.6 30 -5 7.6 -1.0
FLJH Franklin FTSE Japan Hedged ETF 23.6 9 16 7.4 -1.2
KOKU Xtrackers MSCI Kokusai Equity ETF 23.4 9 16 5.5 -3.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 23.4 29 -4 12.0 +3.4
BBJP JPMorgan BetaBuilders Japan ETF 23.0 19 6 7.3 -1.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.0 20 5 5.4 -3.2
DOO WisdomTree International Dividend ex-Financials Fund 22.9 58 -33 8.6 +0.1
QJPN SPDR MSCI Japan StrategicFactors ETF 22.6 14 11 7.6 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 22.6 9 16 5.7 -2.9
EWJ iShares MSCI Japan ETF 22.6 49 -24 7.0 -1.6
EFG iShares MSCI EAFE Growth ETF 22.5 40 -15 4.5 -4.1
RFDI First Trust Riverfront Dynamic Developed International ETF 22.5 83 -58 5.6 -3.0

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 International 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 8.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.59
 
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.