Global X MSCI Colombia ETF
ALTAR
Score™		 18.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.8x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Colombia 20 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Colombia 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 05, 2009
Assets (mns) $92
Currency USD
Expense ratio 62 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $6,969
Large cap (>$10bn) 36.8%
Mid cap ($2-10bn) 46.5%
Small cap (<$2bn) 14.5%
Developed mkts 19.0%
Emerging mkts 78.4%

TOP TEN HOLDINGS
BANCOLOMBIA SA-PREF 15.4 %
ECOPETROL SA 10.7 %
INTERCONEXION ELECTRICA SA 9.2 %
BANCOLOMBIA SA 8.0 %
EMPRESA DE ENERGIA DE BOGOTA 4.9 %
CEMENTOS ARGOS SA 4.1 %
TECNOGLASS INC. 4.0 %
GRUPO AVAL ACCIONES-PF 4.0 %
INVERSIONES ARGOS SA 3.8 %
GRUPO DE INV SURAMERICANA-PF 3.8 %
Total 67.9 %

TOP COUNTRY EXPOSURE
COLOMBIA 79.6 %
CHILE 10.6 %
CANADA 7.2 %
LUXEMBOURG 2.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
19.3% 16.2% 0.5% -1.7% 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.93 35%
MSCI EAFE 1.14 54%
MSCI Emg. Mkts. 1.02 43%

Technical Indicators
Recent close $28.29
30d moving avg. $27.29
Annualized volatility 27.0%
Short interest (ETF) 4.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 121
Turnover 3.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $67

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 189 potential alternatives to the Global X MSCI Colombia ETF ETF based on the alternatives' overlap in portfolio holdings with GXG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GXG Expense: 62 bp ALTAR Score™: 18.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GXG
Ticker Fund
Name		 Overlap1
vs GXG
(%)		 Expense
ratio
(bp)		 Savings
vs GXG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GXG
(%)
GVAL Cambria Global Value ETF 9.0 68 -6 11.3 -7.5
FLN First Trust Latin America AlphaDEX Fund 5.3 80 -18 10.6 -8.2
ECH iShares MSCI Chile ETF 4.6 58 4 9.3 -9.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.6 60 2 11.0 -7.8
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.3 67 -5 13.3 -5.5
PKB Invesco Building & Construction ETF 2.9 62 0 5.3 -13.5
FLLA Franklin FTSE Latin America ETF 2.8 19 43 13.5 -5.3
PRN Invesco Dorsey Wright Industrials Momentum ETF 2.4 60 2 3.2 -15.6
EPU iShares MSCI Peru and Global Exposure ETF 2.4 59 3 7.7 -11.1
FIDI Fidelity International High Dividend ETF 2.1 18 44 9.0 -9.8
FRNW Fidelity Clean Energy ETF 2.1 39 23 4.2 -14.6
NBCT Neuberger Berman Carbon Transition Infrastructure ETF 2.1 55 7 5.5 -13.3
DVYE iShares Emerging Markets Dividend ETF 2.0 49 13 18.9 +0.1
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.0 60 2 8.0 -10.8
FRDM Freedom 100 Emerging Markets ETF 1.8 49 13 9.1 -9.7
ILF iShares Latin America 40 ETF 1.6 48 14 13.5 -5.3
ICLN iShares Global Clean Energy ETF 1.3 41 21 6.4 -12.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.2 25 37 13.5 -5.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.1 80 -18 13.8 -5.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.1 29 33 8.7 -10.1
FYLD Cambria Foreign Shareholder Yield ETF 1.1 59 3 12.5 -6.3
WWJD Inspire International ETF 1.0 80 -18 7.6 -11.2
IQDF FlexShares International Quality Dividend Index Fund 1.0 47 15 9.5 -9.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.0 47 15 9.0 -9.8
DEEP Roundhill Acquirers Deep Value ETF 1.0 80 -18 19.9 +1.1
VRAI Virtus Real Asset Income ETF 1.0 55 7 7.5 -11.3
RNSC Furst Trust Small Cap US Equity Select ETF 0.9 60 2 6.7 -12.1
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.9 60 2 6.4 -12.4
GOEX Global X Gold Explorers ETF 0.8 65 -3 4.6 -14.2
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 23 11.0 -7.8
FEP First Trust Europe AlphaDEX Fund 0.7 80 -18 9.3 -9.5
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.6 88 -26 10.3 -8.5
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 8.1 -10.7
BLES Inspire Global Hope ETF 0.5 61 1 6.9 -11.9
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 37 10.7 -8.1
XT iShares Exponential Technologies ETF 0.5 46 16 5.5 -13.3
SMOG VanEck Low Carbon Energy ETF 0.5 61 1 1.5 -17.3
OCEN IQ Clean Oceans ETF 0.5 45 17 5.7 -13.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.5 39 23 16.9 -1.9
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -9 1.1 -17.7
GDXJ VanEck Junior Gold Miners ETF 0.5 52 10 4.9 -13.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.5 24 38 8.3 -10.4
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -18 11.8 -7.0
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 45 12.9 -5.9
CCSO Carbon Collective Climate Solutions US Equity ETF 0.4 35 27 1.9 -16.9
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.4 80 -18 10.0 -8.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.4 45 17 11.0 -7.8
XCEM Columbia EM Core ex-China ETF 0.4 16 46 8.5 -10.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 3 13.7 -5.1
COPY Tweedy, Browne Insider + Value ETF 0.3 80 -18 12.6 -6.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.3 15 47 0.0 -18.8
EMXC iShares MSCI Emerging Markets ex China ETF 0.3 25 37 8.0 -10.8
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 46 8.4 -10.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 47 5.8 -12.9
DFEV Dimensional Emerging Markets Value ETF 0.3 43 19 14.5 -4.3
FYX First Trust Small Cap Core AlphaDEX Fund 0.2 61 1 5.9 -12.9
PSC Principal U.S. Small-Cap ETF 0.2 38 24 6.9 -11.9
AVDV Avantis International Small Cap Value ETF 0.2 36 26 10.9 -7.8
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 20 7.2 -11.6
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 55 10.9 -7.9
JXI iShares Global Utilities ETF 0.2 43 19 6.0 -12.8
SCHE Schwab Emerging Markets Equity ETF 0.2 11 51 11.6 -7.2
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 47 8.6 -10.2
ECON Columbia Emerging Markets Consumer ETF 0.2 49 13 12.9 -5.8
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -8 8.6 -10.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.2 35 27 21.6 +2.8
FSST Fidelity Sustainable U.S. Equity ETF 0.2 59 3 4.4 -14.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 26 11.2 -7.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 32 10.6 -8.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 51 11.8 -7.0
EMGF iShares Emerging Markets Equity Factor ETF 0.2 25 37 12.4 -6.4
EWC iShares MSCI Canada ETF 0.2 50 12 6.6 -12.2
EEM iShares MSCI Emerging Markets ETF 0.2 69 -7 10.7 -8.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -4 10.2 -8.6
IEMG iShares Core MSCI Emerging Markets ETF 0.2 9 53 10.9 -7.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 47 10.8 -8.0
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 42 6.7 -12.1
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 27 4.7 -14.1
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 20 5.5 -13.3
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 55 7.0 -11.8
VIDI Vident International Equity Strategy ETF 0.1 61 1 12.0 -6.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 9.4 -9.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 9.3 -9.4
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 54 10.9 -7.9
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 37 10.8 -8.0
TPSC Timothy Plan US Small Cap Core ETF 0.1 52 10 7.2 -11.6
DFAT Dimensional U.S. Targeted Value ETF 0.1 28 34 10.0 -8.8
IWO iShares Russell 2000 Growth ETF 0.1 24 38 1.5 -17.3
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 47 1.5 -17.3
GWX SPDR S&P International Small Cap ETF 0.1 40 22 6.7 -12.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 58 6.1 -12.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 6.3 -12.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 7.3 -11.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 22 7.4 -11.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -8 7.8 -11.0
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 4.0 -14.8
GINN Goldman Sachs Innovate Equity ETF 0.1 52 10 4.4 -14.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -2 2.5 -16.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 9.9 -8.8
FSMD Fidelity Small-Mid Multifactor ETF 0.1 15 47 7.0 -11.8
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 39 5.8 -13.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 23 4.0 -14.8
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 6.9 -11.8
STXK Strive Small-Cap ETF 0.1 18 44 5.5 -13.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 44 8.1 -10.7
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 9.7 -9.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 5.9 -12.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 11.6 -7.2
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 5.5 -13.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.1 44 18 11.0 -7.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 8.3 -10.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 21 6.5 -12.2
DISV Dimensional International Small Cap Value ETF 0.1 42 20 9.7 -9.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 55 8.3 -10.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 56 2.7 -16.0
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 8.1 -10.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 10.5 -8.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 28 8.1 -10.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 6.3 -12.5
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 50 8.1 -10.7
IWM iShares Russell 2000 ETF 0.1 19 43 3.6 -15.1
VTWO Vanguard Russell 2000 ETF 0.1 10 52 3.8 -15.0
VFMO Vanguard U.S. Momentum Factor ETF 0.1 13 49 3.4 -15.4
RSSL Global X Russell 2000 ETF 0.1 8 54 3.6 -15.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 21 7.1 -11.7
VXUS Vanguard Total International Stock ETF 0.1 7 55 8.3 -10.5
DFAE Dimensional Emerging Core Equity Market ETF 0.1 35 27 10.2 -8.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 42 5.5 -13.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 9.6 -9.2
RXI iShares Global Consumer Discretionary ETF 0.1 41 21 9.2 -9.6
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 20 6.5 -12.3
AVDE Avantis International Equity ETF 0.1 23 39 8.0 -10.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 32 8.6 -10.2
VYMI Vanguard International High Dividend Yield ETF 0.0 22 40 10.0 -8.8
SCHC Schwab International Small-Cap Equity ETF 0.0 11 51 7.1 -11.7
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 32 5.6 -13.1
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.3 -11.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 23 5.4 -13.4
DFIS Dimensional International Small Cap ETF 0.0 39 23 7.9 -10.9
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.8 -13.0
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 6.2 -12.5
FILL iShares MSCI Global Energy Producers ETF 0.0 39 23 11.4 -7.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 59 7.5 -11.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 54 8.5 -10.3
GLOF iShares Global Equity Factor ETF 0.0 20 42 7.0 -11.8
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 7.4 -11.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 5.6 -13.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 29 10.6 -8.2
IQSI IQ Candriam International Equity ETF 0.0 15 47 6.7 -12.1
AVES Avantis Emerging Markets Value ETF 0.0 36 26 12.2 -6.6
DEW WisdomTree Global High Dividend Fund 0.0 58 4 7.7 -11.1
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 44 7.2 -11.6
IPKW Invesco International BuyBack Achievers ETF 0.0 55 7 15.3 -3.5
IEUR iShares Core MSCI Europe ETF 0.0 11 51 7.4 -11.4
DCOR Dimensional US Core Equity 1 ETF 0.0 14 48 5.9 -12.9
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 8.2 -10.6
NANR SPDR S&P North American Natural Resources ETF 0.0 35 27 8.4 -10.4
ACWI iShares MSCI ACWI ETF 0.0 32 30 6.1 -12.7
VXF Vanguard Extended Market ETF 0.0 6 56 4.5 -14.3
VSGX Vanguard ESG International Stock ETF 0.0 12 50 8.2 -10.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 8.5 -10.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 42 7.1 -11.7
AVSD Avantis Responsible International Equity ETF 0.0 23 39 6.8 -12.0
VEA Vanguard FTSE Developed Markets ETF 0.0 5 57 7.6 -11.2
ISCF iShares International SmallCap Equity Factor ETF 0.0 23 39 8.6 -10.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 9.3 -9.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.7 -13.1
IEFA iShares Core MSCI EAFE ETF 0.0 7 55 7.4 -11.4
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 50 5.2 -13.6
VT Vanguard Total World Stock ETF 0.0 7 55 6.4 -12.4
DFUS Dimensional U.S. Equity ETF 0.0 9 53 5.5 -13.3
AVUS Avantis U.S. Equity ETF 0.0 15 47 6.6 -12.2
BKIE BNY Mellon International Equity ETF 0.0 4 58 7.3 -11.5
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 45 7.3 -11.5
JHML John Hancock Multifactor Large Cap ETF 0.0 29 33 6.0 -12.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 53 5.6 -13.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 51 5.5 -13.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 50 6.8 -12.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 47 5.1 -13.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 23 7.0 -11.8
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 7.6 -11.2
URTH iShares MSCI World ETF 0.0 24 38 5.5 -13.3
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.0 -13.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 5.3 -13.4
IWV iShares Russell 3000 ETF 0.0 20 42 5.2 -13.6
VTHR Vanguard Russell 3000 ETF 0.0 10 52 5.3 -13.5
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 32 6.0 -12.8
DFIC Dimensional International Core Equity 2 ETF 0.0 23 39 7.9 -10.8
DFLV Dimensional US Large Cap Value ETF 0.0 22 40 8.8 -10.0

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

  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:		 Global X MSCI Colombia 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 34.5 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 18.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.76 CATEGORY
AVERAGE		 1.50
 
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.