GlacierShares Nasdaq Iceland ETF
ALTAR
Score™		 3.2% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 49.4x P/Sales
ratio		 3.2x
P/BV
ratio		 3.5x Div.
yield		 1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GlacierShares Nasdaq Iceland ETF seeks to provide investors with exposure to the performance of the Icelandic equity market by tracking the Nasdaq OMX Iceland 15 Index.

FUND BASICS
Category International Equities
Fund Sponsor GlacierShares
Website www.teucrium.com/etfs/glcr
Inception date Mar 26, 2025
Assets (mns) $1
Currency USD
Expense ratio 95 bp
Distributions

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 10
Wgt avg mkt cap (mns) $1,505
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ISLANDSBANKI HF 14.2 %
ARION BANKI HF 13.4 %
OCULIS HOLDING AG 6.5 %
AMAROQ LTD 6.0 %
EMBLA MEDICAL HF 5.4 %
JOHN BEAN TECHNOLOGIES CORP 5.1 %
BAKKAFROST P/F 4.7 %
MARINE HARVEST 4.6 %
SALMAR ASA 4.3 %
ALVOTECH SA 3.9 %
Total 68.1 %

TOP COUNTRY EXPOSURE
ICELAND 27.6 %
NORWAY 10.7 %
UNITED STATES 5.1 %
FAROE ISLANDS 4.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.2% -8.0% -- -- -4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.65 23%
MSCI EAFE 0.63 34%
MSCI Emg. Mkts. 0.36 24%

Technical Indicators
Recent close $23.70
30d moving avg. $23.52
Annualized volatility 0.0%
Short interest (ETF) 9.5%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.80%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 193 potential alternatives to the GlacierShares Nasdaq Iceland ETF ETF based on the alternatives' overlap in portfolio holdings with GLCR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GLCR Expense: 95 bp ALTAR Score™: 3.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GLCR
Ticker Fund
Name		 Overlap1
vs GLCR
(%)		 Expense
ratio
(bp)		 Savings
vs GLCR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GLCR
(%)
ENOR iShares MSCI Norway ETF 7.5 53 42 8.1 +4.9
MOO VanEck Agribusiness ETF 5.4 53 42 8.7 +5.5
VEGI iShares MSCI Agriculture Producers ETF 3.1 39 56 7.4 +4.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.4 46 49 7.9 +4.6
PSCI Invesco S&P SmallCap Industrials ETF 2.2 29 66 4.4 +1.2
BOTZ Global X Robotics & Artificial Intelligence ETF 1.7 69 26 2.2 -1.0
SDG iShares MSCI Global Sustainable Development Goals ETF 1.3 49 46 4.7 +1.4
ROBO ROBO Global Robotics & Automation Index ETF 1.0 95 0 2.5 -0.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.8 65 30 1.5 -1.7
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.8 15 80 3.6 +0.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 18 77 3.5 +0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 10 85 3.5 +0.3
VIDI Vident International Equity Strategy ETF 0.8 61 34 8.3 +5.1
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 40 6.6 +3.4
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 56 8.5 +5.3
HAP VanEck Natural Resources ETF 0.8 50 45 6.8 +3.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.6 70 25 2.1 -1.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 0.6 12 83 5.3 +2.1
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 33 3.3 +0.1
IWN iShares Russell 2000 Value ETF 0.5 24 71 4.6 +1.3
DFE WisdomTree Europe SmallCap Dividend Fund 0.5 58 37 7.7 +4.5
VTWV Vanguard Russell 2000 Value ETF 0.5 10 85 4.7 +1.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 83 5.9 +2.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 80 6.0 +2.8
DLS WisdomTree International SmallCap Dividend Fund 0.4 58 37 7.5 +4.3
QUVU Hartford Quality Value ETF 0.4 46 49 5.3 +2.1
IJR iShares Core S&P Small Cap ETF 0.4 6 89 6.1 +2.9
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 92 6.2 +2.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 88 6.0 +2.7
IDLV Invesco S&P International Developed Low Volatility ETF 0.4 25 70 6.3 +3.1
DIM WisdomTree International MidCap Dividend Fund 0.3 58 37 6.3 +3.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.3 58 37 6.4 +3.2
MADE iShares U.S. Manufacturing ETF 0.3 40 55 3.5 +0.3
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.3 35 60 2.9 -0.3
FEP First Trust Europe AlphaDEX Fund 0.3 80 15 6.9 +3.7
NUDM Nuveen ESG International Developed Markets Equity ETF 0.3 31 64 5.4 +2.2
IEUS iShares MSCI Europe Small-Cap ETF 0.3 42 53 6.9 +3.7
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.3 35 60 6.2 +3.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 83 4.5 +1.3
DTH WisdomTree International High Dividend Fund 0.3 58 37 7.3 +4.1
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 80 5.0 +1.8
KXI iShares Global Consumer Staples ETF 0.3 41 54 5.4 +2.1
IWM iShares Russell 2000 ETF 0.2 19 76 2.6 -0.7
RSSL Global X Russell 2000 ETF 0.2 8 87 2.6 -0.6
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 75 5.7 +2.5
VBK Vanguard Small-Cap Growth ETF 0.2 7 88 1.3 -1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 35 6.1 +2.9
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 46 6.1 +2.9
NUSC Nuveen ESG Small-Cap ETF 0.2 31 64 4.8 +1.6
VTWO Vanguard Russell 2000 ETF 0.2 7 88 2.7 -0.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 56 7.0 +3.8
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.2 20 75 0.9 -2.4
STXM Strive Mid-Cap ETF 0.2 18 77 5.9 +2.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.2 39 56 6.9 +3.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 31 1.3 -1.9
ISMD Inspire Small/Mid Cap ETF 0.2 54 41 4.8 +1.6
SCHC Schwab International Small-Cap Equity ETF 0.2 11 84 6.8 +3.6
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 75 5.8 +2.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.2 42 53 5.8 +2.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 91 16.9 +13.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.2 58 37 5.3 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 0.2 40 55 5.6 +2.4
SCHA Schwab U.S. Small-Cap ETF 0.1 4 91 4.3 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 75 4.8 +1.6
DWM WisdomTree International Equity Fund 0.1 48 47 5.6 +2.4
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.1 35 60 6.7 +3.5
OCEN IQ Clean Oceans ETF 0.1 45 50 4.6 +1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 56 2.2 -1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.1 7 88 5.2 +2.0
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 91 5.8 +2.6
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 89 2.7 -0.5
LVHI Franklin International Low Volatility High Dividend Index ET 0.1 40 55 7.3 +4.1
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 8 87 6.5 +3.3
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 80 6.4 +3.2
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 58 7.1 +3.9
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 55 6.2 +3.0
EFG iShares MSCI EAFE Growth ETF 0.1 36 59 3.9 +0.6
IEUR iShares Core MSCI Europe ETF 0.1 11 84 6.4 +3.2
DMXF iShares ESG Advanced MSCI EAFE ETF 0.1 12 83 4.9 +1.7
ISCB iShares Morningstar Small-Cap ETF 0.1 4 91 5.3 +2.1
VGK Vanguard FTSE Europe ETF 0.1 6 89 6.6 +3.4
SPEU SPDR Portfolio Europe ETF 0.1 7 88 6.5 +3.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.1 17 78 4.9 +1.6
EZM WisdomTree U.S. MidCap Fund 0.1 38 57 7.8 +4.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.1 14 81 5.3 +2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.1 25 70 6.3 +3.1
WSML iShares MSCI World Small-Cap ETF 0.1 15 80 5.4 +2.2
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 70 5.9 +2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 75 3.9 +0.7
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.1 43 52 4.8 +1.6
AVDS Avantis International Small Cap Equity ETF 0.1 30 65 6.1 +2.9
BBEU JPMorgan BetaBuilders Europe ETF 0.1 9 86 6.2 +3.0
VIS Vanguard Industrials ETF 0.1 9 86 3.6 +0.4
ISCV iShares Morningstar Small Cap Value ETF 0.1 6 89 7.5 +4.3
SMMD iShares Russell 2500 ETF 0.1 15 80 5.4 +2.2
FLEE Franklin FTSE Europe ETF 0.1 9 86 6.3 +3.1
VYMI Vanguard International High Dividend Yield ETF 0.1 17 78 7.9 +4.6
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.1 35 60 5.7 +2.5
DON WisdomTree U.S. MidCap Dividend Fund 0.1 38 57 7.9 +4.7
FIDU Fidelity MSCI Industrial Index ETF 0.1 8 87 3.6 +0.4
VB Vanguard Small-Cap ETF 0.1 5 90 5.1 +1.9
VXF Vanguard Extended Market ETF 0.1 5 90 3.7 +0.5
IVLU iShares MSCI Intl Value Factor ETF 0.1 30 65 8.0 +4.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.1 46 49 5.3 +2.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.1 39 56 3.4 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 53 5.4 +2.2
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.1 24 71 6.9 +3.7
IEFA iShares Core MSCI EAFE ETF 0.1 7 88 6.1 +2.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.1 20 75 5.8 +2.6
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 82 1.7 -1.5
IEV iShares Europe ETF 0.1 67 28 5.9 +2.7
VSGX Vanguard ESG International Stock ETF 0.1 10 85 6.7 +3.5
IDEV iShares Core MSCI International Developed Markets ETF 0.1 4 91 6.0 +2.8
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 0.1 20 75 5.6 +2.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 70 6.1 +2.9
BKIE BNY Mellon International Equity ETF 0.1 4 91 18.0 +14.8
AVSD Avantis Responsible International Equity ETF 0.1 23 72 5.9 +2.7
HEFA iShares Currency Hedged MSCI EAFE ETF 0.1 35 60 5.6 +2.4
EFA iShares MSCI EAFE ETF 0.1 35 60 5.8 +2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.1 36 59 5.2 +2.0
VEA Vanguard FTSE Developed Markets ETF 0.1 3 92 6.0 +2.8
VEXC Vanguard Emerging Markets Ex-China ETF 0.1 7 88 5.8 +2.6
DFAI Dimensional International Core Equity Market ETF 0.1 18 77 6.0 +2.8
DIVI Franklin International Core Dividend Tilt Index ETF 0.1 9 86 6.6 +3.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 56 7.0 +3.8
VXUS Vanguard Total International Stock ETF 0.0 5 90 6.7 +3.5
DFIC Dimensional International Core Equity 2 ETF 0.0 23 72 6.3 +3.1
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 67 8.3 +5.1
SCHF Schwab International Equity ETF 0.0 6 89 6.0 +2.8
IXUS iShares Core MSCI Total International Stock ETF 0.0 7 88 6.7 +3.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 91 6.8 +3.6
DXUV Dimensional US Vector Equity ETF 0.0 28 67 5.2 +2.0
DFSV Dimensional US Small Cap Value ETF 0.0 31 64 8.5 +5.3
IQSI IQ Candriam International Equity ETF 0.0 15 80 5.6 +2.4
HFXI IQ FTSE International Equity Currency Neutral ETF 0.0 20 75 5.6 +2.4
PTL Inspire 500 ETF 0.0 9 86 4.5 +1.3
SCHE Schwab Emerging Markets Equity ETF 0.0 11 84 9.6 +6.4
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 34 61 6.4 +3.2
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 70 7.4 +4.2
DISV Dimensional International Small Cap Value ETF 0.0 42 53 8.2 +4.9
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 88 9.4 +6.1
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 6 4.3 +1.1
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 71 5.7 +2.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 92 5.9 +2.7
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.0 30 65 6.1 +2.9
DFAS Dimensional U.S. Small Cap ETF 0.0 26 69 5.4 +2.2
AVMC Avantis U.S. Mid Cap Equity ETF 0.0 18 77 6.0 +2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 50 6.8 +3.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 53 4.0 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 54 5.9 +2.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 77 6.4 +3.2
DFIS Dimensional International Small Cap ETF 0.0 39 56 6.2 +3.0
DXIV Dimensional International Vector Equity ETF 0.0 34 61 6.6 +3.4
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 77 4.7 +1.4
VT Vanguard Total World Stock ETF 0.0 6 89 5.1 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 65 6.5 +3.3
AVDV Avantis International Small Cap Value ETF 0.0 36 59 7.9 +4.7
JHMD John Hancock Multifactor Developed International ETF 0.0 39 56 6.2 +3.0
DEW WisdomTree Global High Dividend Fund 0.0 58 37 7.0 +3.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 56 6.3 +3.1
TOK iShares MSCI Kokusai ETF 0.0 26 69 4.3 +1.1
URTH iShares MSCI World ETF 0.0 24 71 4.4 +1.2
GWX SPDR S&P International Small Cap ETF 0.0 40 55 6.1 +2.9
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 86 4.2 +1.0
DFIV Dimensional International Value ETF 0.0 27 68 7.7 +4.5
ACWI iShares MSCI ACWI ETF 0.0 32 63 4.7 +1.5
VTI Vanguard Total Stock Market ETF 0.0 3 92 4.2 +1.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.0 25 70 4.9 +1.7
IWV iShares Russell 3000 ETF 0.0 20 75 4.1 +0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 86 4.4 +1.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 84 4.2 +1.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 80 4.3 +1.0
SCHK Schwab 1000 Index ETF 0.0 5 90 4.3 +1.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.0 34 61 5.3 +2.0
AVDE Avantis International Equity ETF 0.0 23 72 6.2 +3.0
DTD WisdomTree U.S. Total Dividend Fund 0.0 28 67 5.6 +2.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 92 4.2 +1.0
SCHB Schwab U.S. Broad Market ETF 0.0 3 92 4.3 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.0 29 66 5.6 +2.3
VTHR Vanguard Russell 3000 ETF 0.0 7 88 4.2 +1.0
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 80 4.9 +1.7
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 92 4.4 +1.2
DFUS Dimensional U.S. Equity ETF 0.0 9 86 4.1 +0.9
DCOR Dimensional US Core Equity 1 ETF 0.0 14 81 4.6 +1.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 70 6.1 +2.9
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 65 5.2 +2.0
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 83 3.9 +0.7
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 83 6.1 +2.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 78 4.7 +1.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 83 4.3 +1.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 73 5.9 +2.7
EBI Longview Advantage ETF 0.0 35 60 5.9 +2.6
AVUS Avantis U.S. Equity ETF 0.0 15 80 4.7 +1.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 GlacierShares Nasdaq Iceland ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.7 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 95 bp
Equals: ALTAR Score 3.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 2.00 CATEGORY
AVERAGE		 1.64
 
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.