Global X MSCI Colombia ETF
ALTAR
Score™		 15.8% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 6.5x P/Sales
ratio		 0.7x
P/BV
ratio		 0.7x Div.
yield		 6.7%


  • 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) $36
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 21
Wgt avg mkt cap (mns) $6,179
Large cap (>$10bn) 13.5%
Mid cap ($2-10bn) 69.5%
Small cap (<$2bn) 17.0%
Developed mkts 18.0%
Emerging mkts 82.0%

TOP TEN HOLDINGS
BANCOLOMBIA SA-PREF 15.8 %
ECOPETROL SA 10.6 %
INTERCONEXION ELECTRICA SA 9.4 %
BANCOLOMBIA SA 8.0 %
TECNOGLASS INC. 6.2 %
EMPRESA DE ENERGIA DE BOGOTA 4.6 %
GRUPO DE INV SURAMERICANA-PF 4.5 %
INVERSIONES ARGOS SA 4.4 %
CEMENTOS ARGOS SA 4.3 %
BANCO DAVIVIENDA SA 3.7 %
Total 71.5 %

TOP COUNTRY EXPOSURE
COLOMBIA 82.7 %
CHILE 8.3 %
CANADA 3.3 %
UNITED STATES 3.0 %
LUXEMBOURG 2.9 %






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.
-7.9% 11.7% -6.3% -7.8% 1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.78 26%
MSCI EAFE 0.98 42%
MSCI Emg. Mkts. 0.98 41%

Technical Indicators
Recent close $23.52
30d moving avg. $23.48
Annualized volatility 26.8%
Short interest (ETF) 2.9%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 21
Turnover 1.4%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $61

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™: 15.8%


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 7.8 68 -6 13.1 -2.7
ECH iShares MSCI Chile ETF 5.0 58 4 9.8 -6.0
FLN First Trust Latin America AlphaDEX Fund 4.1 80 -18 8.4 -7.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.5 67 -5 15.0 -0.8
FRNW Fidelity Clean Energy ETF 2.2 39 23 2.6 -13.2
FLLA Franklin FTSE Latin America ETF 2.2 19 43 13.2 -2.6
MOTI VanEck Morningstar International Moat ETF 2.1 58 4 5.9 -9.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 1.9 60 2 13.4 -2.4
EPU iShares MSCI Peru and Global Exposure ETF 1.9 59 3 5.5 -10.2
CCNR ALPS CoreCommodity Natural Resources ETF 1.8 39 23 11.0 -4.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 2 9.8 -6.0
ICLN iShares Global Clean Energy ETF 1.6 41 21 6.0 -9.8
EEMD AAM S&P Emerging Markets High Dividend Value ETF 1.6 49 13 16.1 +0.4
DVYE iShares Emerging Markets Dividend ETF 1.5 49 13 18.8 +3.0
PBW Invesco WilderHill Clean Energy ETF 1.5 66 -4 -13.7 -29.5
FRDM Freedom 100 Emerging Markets ETF 1.5 49 13 7.3 -8.5
ILF iShares Latin America 40 ETF 1.4 48 14 10.4 -5.3
FYLD Cambria Foreign Shareholder Yield ETF 1.3 59 3 13.6 -2.2
CCSO Carbon Collective Climate Solutions US Equity ETF 1.1 35 27 1.9 -13.9
DEEP Roundhill Acquirers Deep Value ETF 1.1 80 -18 21.0 +5.2
PBD Invesco Global Clean Energy ETF 1.1 75 -13 -5.3 -21.1
VRAI Virtus Real Asset Income ETF 1.0 55 7 8.0 -7.8
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.0 45 17 12.3 -3.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -18 13.0 -2.7
JSML Janus Henderson Small Cap Growth Alpha ETF 0.9 30 32 6.5 -9.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.9 29 33 8.7 -7.1
FEP First Trust Europe AlphaDEX Fund 0.7 80 -18 7.8 -8.0
FSMO Fidelity Small-Mid Cap Opportunities ETF 0.7 60 2 6.4 -9.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.6 18 44 6.8 -9.0
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 37 7.1 -8.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.5 80 -18 10.8 -5.0
XT iShares Exponential Technologies ETF 0.5 46 16 4.8 -11.0
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 26 6.5 -9.3
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -9 -0.5 -16.2
WWJD Inspire International ETF 0.5 80 -18 7.3 -8.5
SMOG VanEck Low Carbon Energy ETF 0.5 61 1 2.4 -13.4
OCEN IQ Clean Oceans ETF 0.5 45 17 6.1 -9.7
IQDF FlexShares International Quality Dividend Index Fund 0.4 47 15 12.9 -2.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.4 47 15 9.4 -6.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.4 39 23 12.5 -3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.4 24 38 9.2 -6.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.3 80 -18 9.1 -6.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 3 11.3 -4.5
XCEM Columbia EM Core ex-China ETF 0.3 16 46 7.7 -8.1
LDEM iShares ESG MSCI EM Leaders ETF 0.3 17 45 7.6 -8.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.3 20 42 6.8 -9.0
GVLU Gotham 1000 Value ETF 0.3 50 12 7.4 -8.3
RNSC Furst Trust Small Cap US Equity Select ETF 0.3 60 2 6.8 -8.9
AVDV Avantis International Small Cap Value ETF 0.3 36 26 8.1 -7.6
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 47 5.8 -10.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.3 24 38 7.3 -8.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.3 45 17 5.7 -10.1
FYX First Trust Small Cap Core AlphaDEX Fund 0.3 61 1 4.6 -11.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -8 9.8 -6.0
BLES Inspire Global Hope ETF 0.2 61 1 6.4 -9.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.2 30 32 5.4 -10.3
SCHC Schwab International Small-Cap Equity ETF 0.2 11 51 6.6 -9.2
XCNY SPDR S&P Emerging Markets ex-China ETF 0.2 15 47 6.3 -9.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 26 7.8 -8.0
ECON Columbia Emerging Markets Consumer ETF 0.2 49 13 7.3 -8.4
IEUS iShares MSCI Europe Small-Cap ETF 0.2 42 20 6.4 -9.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 51 8.4 -7.4
EMXF iShares ESG Advanced MSCI EM ETF 0.2 16 46 6.8 -9.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.2 88 -26 7.4 -8.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.2 20 42 6.9 -8.9
EMXC iShares MSCI Emerging Markets ex China ETF 0.2 25 37 6.7 -9.1
JXI iShares Global Utilities ETF 0.2 43 19 5.9 -9.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.2 63 -1 18.9 +3.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 42 6.3 -9.5
DFEV Dimensional Emerging Markets Value ETF 0.2 43 19 11.1 -4.7
BBCA JPMorgan BetaBuilders Canada ETF 0.2 19 43 6.6 -9.2
EWC iShares MSCI Canada ETF 0.2 50 12 6.5 -9.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.2 45 17 11.0 -4.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.2 30 32 7.3 -8.5
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 55 7.3 -8.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 47 10.2 -5.5
SCHE Schwab Emerging Markets Equity ETF 0.2 11 51 7.1 -8.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 55 6.7 -9.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 47 7.2 -8.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.2 4 58 5.6 -10.1
VIDI Vident International Equity Strategy ETF 0.2 61 1 10.2 -5.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.2 35 27 7.4 -8.4
EEM iShares MSCI Emerging Markets ETF 0.2 69 -7 6.9 -8.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.2 66 -4 10.0 -5.8
EMGF iShares Emerging Markets Equity Factor ETF 0.1 25 37 8.5 -7.3
IEMG iShares Core MSCI Emerging Markets ETF 0.1 9 53 7.5 -8.3
GINN Goldman Sachs Innovate Equity ETF 0.1 52 10 2.8 -13.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.1 41 21 7.4 -8.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 23 7.4 -8.3
IWO iShares Russell 2000 Growth ETF 0.1 24 38 0.6 -15.2
VTWG Vanguard Russell 2000 Growth ETF 0.1 15 47 0.7 -15.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 42 5.2 -10.6
DISV Dimensional International Small Cap Value ETF 0.1 42 20 9.1 -6.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 32 8.1 -7.7
VWO Vanguard FTSE Emerging Markets ETF 0.1 8 54 6.9 -8.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -2 1.8 -14.0
SCZ iShares MSCI EAFE Small-Cap ETF 0.1 40 22 6.6 -9.2
JVAL JPMorgan U.S. Value Factor ETF 0.1 12 50 7.8 -8.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 23 7.2 -8.6
DFAS Dimensional U.S. Small Cap ETF 0.1 26 36 5.5 -10.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 13 7.0 -8.8
GWX SPDR S&P International Small Cap ETF 0.1 40 22 6.5 -9.3
XC WisdomTree Emerging Markets Ex-China Fund 0.1 32 30 6.0 -9.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.1 9 53 3.3 -12.4
STXK Strive Small-Cap ETF 0.1 18 44 5.0 -10.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 70 -8 7.7 -8.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.1 38 24 7.8 -8.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.1 39 23 4.1 -11.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.1 35 27 12.4 -3.4
AVDE Avantis International Equity ETF 0.1 23 39 8.1 -7.7
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 49 13 8.2 -7.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.1 50 12 13.0 -2.8
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 44 7.0 -8.8
AVEM Avantis Emerging Markets Equity ETF 0.1 33 29 8.9 -6.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 56 2.3 -13.5
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 55 7.2 -8.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.1 41 21 5.0 -10.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.1 65 -3 8.2 -7.6
BKSE BNY Mellon US Small Cap Core Equity ETF 0.1 4 58 4.8 -11.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.1 18 44 7.2 -8.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 30 6.2 -9.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 28 7.0 -8.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 21 7.4 -8.4
RSSL Global X Russell 2000 ETF 0.1 8 54 2.6 -13.2
IWM iShares Russell 2000 ETF 0.1 19 43 2.8 -13.0
VTWO Vanguard Russell 2000 ETF 0.1 10 52 2.9 -12.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 50 7.2 -8.6
VXUS Vanguard Total International Stock ETF 0.1 7 55 7.2 -8.6
OPTZ Optimize Strategy Index ETF 0.1 50 12 2.9 -12.9
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 20 6.1 -9.7
IGRO iShares International Dividend Growth ETF 0.0 15 47 7.5 -8.2
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.0 25 37 6.6 -9.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 32 8.0 -7.8
DFIS Dimensional International Small Cap ETF 0.0 39 23 6.9 -8.9
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 27 7.3 -8.5
IMTM iShares MSCI Intl Momentum Factor ETF 0.0 30 32 6.3 -9.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 59 7.2 -8.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.0 44 18 10.6 -5.2
FILL iShares MSCI Global Energy Producers ETF 0.0 39 23 9.6 -6.2
IDEV iShares Core MSCI International Developed Markets ETF 0.0 4 58 7.1 -8.7
VYMI Vanguard International High Dividend Yield ETF 0.0 22 40 9.8 -6.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 23 5.8 -10.0
RXI iShares Global Consumer Discretionary ETF 0.0 41 21 5.4 -10.4
ISCB iShares Morningstar Small-Cap ETF 0.0 4 58 4.8 -11.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.0 33 29 8.2 -7.5
AVSC Avantis U.S Small Cap Equity ETF 0.0 25 37 4.7 -11.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.0 20 42 4.6 -11.2
IQSI IQ Candriam International Equity ETF 0.0 15 47 6.6 -9.2
DEW WisdomTree Global High Dividend Fund 0.0 58 4 8.5 -7.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 54 7.3 -8.5
IEUR iShares Core MSCI Europe ETF 0.0 11 51 7.1 -8.7
NANR SPDR S&P North American Natural Resources ETF 0.0 35 27 7.4 -8.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 32 6.9 -8.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 40 7.2 -8.6
GLOF iShares Global Equity Factor ETF 0.0 20 42 7.0 -8.8
VEA Vanguard FTSE Developed Markets ETF 0.0 5 57 7.3 -8.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 17 8.9 -6.8
VXF Vanguard Extended Market ETF 0.0 6 56 3.5 -12.3
GVUS Marketbeta Russell 1000 Value Equity ETF 0.0 12 50 6.2 -9.6
GSID Goldman Sachs MarketBeta International Equity ETF 0.0 20 42 7.0 -8.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 45 5.3 -10.5
ACWI iShares MSCI ACWI ETF 0.0 32 30 5.3 -10.5
SPEU SPDR Portfolio Europe ETF 0.0 7 55 7.1 -8.7
IEFA iShares Core MSCI EAFE ETF 0.0 7 55 7.1 -8.6
VSGX Vanguard ESG International Stock ETF 0.0 12 50 6.8 -9.0
DCOR Dimensional US Core Equity 1 ETF 0.0 14 48 5.3 -10.5
VT Vanguard Total World Stock ETF 0.0 7 55 5.5 -10.3
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 45 6.9 -8.9
JHML John Hancock Multifactor Large Cap ETF 0.0 29 33 5.3 -10.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.0 9 53 5.2 -10.6
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 51 4.9 -10.9
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 44 6.4 -9.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 47 4.9 -10.9
BKIE BNY Mellon International Equity ETF 0.0 4 58 7.1 -8.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 20 5.1 -10.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.0 39 23 7.5 -8.2
DFAI Dimensional International Core Equity Market ETF 0.0 18 44 7.3 -8.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 50 5.0 -10.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 50 4.8 -11.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 44 5.4 -10.4
URTH iShares MSCI World ETF 0.0 24 38 5.2 -10.6
TOK iShares MSCI Kokusai ETF 0.0 26 36 5.0 -10.7
DFIC Dimensional International Core Equity 2 ETF 0.0 23 39 7.7 -8.0
DFUS Dimensional U.S. Equity ETF 0.0 9 53 4.9 -10.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.0 3 59 4.8 -11.0
IWV iShares Russell 3000 ETF 0.0 20 42 4.7 -11.1
VTHR Vanguard Russell 3000 ETF 0.0 10 52 4.7 -11.0
QWLD SPDR MSCI World StrategicFactors ETF 0.0 30 32 5.9 -9.8
AVUS Avantis U.S. Equity ETF 0.0 15 47 5.6 -10.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 10.5 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 62 bp
Equals: ALTAR Score 15.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.74 CATEGORY
AVERAGE		 1.48
 
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.