Schwab Fundamental Large Cap
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.7x P/Sales
ratio
1.1x
P/BV
ratio
2.2x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Fundamental U.S. Large Company Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the total return of the Russell Fundamental U.S. Large Company Index.

FUND BASICS
Category US Equities
Fund Sponsor Charles Schwab Investment Mana
Website www.schwabetfs.com
Inception date Aug 15, 2013
Assets (mns) $5,837
Currency USD
Expense ratio 25 bp
Distributions Quarterly

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 702
Wgt avg mkt cap (mns) $204,005
Large cap (>$10bn) 89.5%
Mid cap ($2-10bn) 9.6%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.0 %
EXXON MOBIL CORP 2.5 %
AT&T INC 2.1 %
MICROSOFT CORP 2.0 %
CHEVRON CORP 1.6 %
JPMORGAN CHASE & CO 1.5 %
WAL-MART STORES INC 1.4 %
GENERAL ELECTRIC CO 1.4 %
VERIZON COMMUNICATIONS INC 1.3 %
BERKSHIRE HATHAWAY INC-CL B 1.3 %
Total 20.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 1.8 %
BRITAIN 1.3 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %
NETHERLANDS 0.1 %
SINGAPORE 0.1 %
CHINA 0.1 %



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.
20.6% 10.5% 8.7% -- 11.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 94%
MSCI EAFE 0.88 59%
MSCI Emg. Mkts. 0.56 40%

Technical Indicators
Recent close $41.44
30d moving avg. $39.89
Annualized volatility 12.7%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.7%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 387
Turnover 0.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $140,528

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Fundamental Large Cap ETF based on the alternatives' overlap in portfolio holdings with FNDX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FNDX Expense: 25 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FNDX
Ticker Fund
Name
Overlap1
vs FNDX
(%)
Expense
ratio
(bp)
Savings
vs FNDX
(bp)
ALTAR
Score™
(%)
ALTAR
vs FNDX
(%)
FNDB Schwab Fundamental Broad Mkt 92.2 25 0 6.6 -0.0
PRF Invesco FTSE-RAFI U.S. 1000 85.1 39 -14 6.7 +0.1
IUS Invesco Strategic US 75.7 19 6 6.7 +0.1
VLU SPDR S&P 1500 Value Tilt 75.7 12 13 7.5 +0.8
PBP Invesco S&P 500 Buy/Write 71.7 49 -24 5.6 -1.1
HSPX Global X S&P 500 Covered Call 70.7 65 -40 5.4 -1.2
PBUS Invesco PureBeta MSCI USA 70.7 4 21 6.1 -0.6
SPY S&P 500 SPDR 70.5 9 16 6.0 -0.7
IVV iShares Core S&P 500 70.4 4 21 6.0 -0.7
VOO Vanguard S&P 500 ETF 70.3 3 22 6.0 -0.6
BBUS JP Morgan Betabuilders U.S. Equity 70.0 2 23 5.9 -0.7
SCHX Schwab U.S. Large-Cap 70.0 3 22 5.9 -0.8
RWL Invesco S&P 500 Revenue ETF 70.0 39 -14 7.5 +0.9
IWB iShares Russell 1000 69.9 15 10 5.8 -0.9
SCHK Schwab 1000 Index 69.7 5 20 5.9 -0.7
VONE Vanguard Russell 1000 69.6 12 13 5.8 -0.8
EPS WisdomTree Earnings 500 69.6 8 17 7.0 +0.3
VV Vanguard Large-Cap ETF 69.5 4 21 5.9 -0.8
DTD WisdomTree Total Dividend 69.1 28 -3 6.6 -0.0
IYY iShares DJ US Total Market 69.1 20 5 5.7 -0.9

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

Content on this tab for subscribers only

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 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 14.1 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.