Hartford Multifactor Low Volatility International Equity ETF
ALTAR
Score™
12.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.6x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Hartford Multifactor Low Volatility International Equity ETF tracks an index of global ex-US stocks that exhibit low volatility, with constraints for neutral or positive factor exposure and marketlike portfolio characteristics.

FUND BASICS
Category International Equities
Fund Sponsor Hartford
Website www.hartfordfunds.com
Inception date May 10, 2017
Assets (mns) $5
Currency USD
Expense ratio 29 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 324
Wgt avg mkt cap (mns) $28,910
Large cap (>$10bn) 52.0%
Mid cap ($2-10bn) 35.9%
Small cap (<$2bn) 11.8%
Developed mkts 67.8%
Emerging mkts 32.2%

TOP TEN HOLDINGS
ASTELLAS PHARMA INC 1.2 %
NOVO NORDISK A/S-B 1.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.1 %
KDDI CORPORATION 1.1 %
MERCK KGAA 1.0 %
ROYAL AHOLD DELHAIZE N.V. 1.0 %
WEICHAI POWER CO LTD-H 1.0 %
BLUESCOPE STEEL LTD 0.9 %
CHINA TELECOM CORP. LTD. CLASS H 0.9 %
SAMSUNG ELECTRONICS CO LTD 0.8 %
Total 10.1 %

TOP COUNTRY EXPOSURE
JAPAN 17.5 %
AUSTRALIA 7.1 %
CHINA 6.8 %
CANADA 5.9 %
BRITAIN 5.7 %
SOUTH KOREA 5.2 %
TAIWAN 5.1 %
FRANCE 3.5 %
NETHERLANDS 3.2 %
SWITZERLAND 2.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.6% -12.0% -- -- -2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.79 76%
MSCI EAFE 0.92 89%
MSCI Emg. Mkts. 0.70 79%

Technical Indicators
Recent close $23.90
30d moving avg. $22.04
Annualized volatility 15.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $18,888

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Hartford Multifactor Low Volatility International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with LVIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LVIN Expense: 29 bp ALTAR Score™: 12.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LVIN
Ticker Fund
Name
Overlap1
vs LVIN
(%)
Expense
ratio
(bp)
Savings
vs LVIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs LVIN
(%)
RODM Hartford Multifactor Developed Markets (ex-US) ETF 46.8 29 0 8.6 -3.6
ROAM Hartford Multifactor Emerging Markets ETF 29.8 44 -15 14.8 +2.7
FNDF Schwab Fundamental International Large Co. Index ETF 23.7 25 4 8.7 -3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.1 45 -16 8.8 -3.3
IDY Pacific Global International Equity Income ETF 22.5 39 -10 8.0 -4.2
IQIN IQ 500 International ETF 22.2 25 4 9.0 -3.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 21.7 35 -6 8.6 -3.6
VIDI Vident International Equity Fund 21.6 59 -30 11.3 -0.8
VYMI Vanguard International High Dividend Yield ETF 20.9 32 -3 10.1 -2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.9 25 4 6.8 -5.4
DWM WisdomTree International Equity Fund 20.6 48 -19 8.2 -4.0
PDEV Principal International Multi-Factor Core Index ETF 20.6 25 4 7.9 -4.3
QEFA SPDR MSCI EAFE Quality Mix ETF 20.5 30 -1 6.8 -5.4
RFDI First Trust Riverfront Dynamic Developed International ETF 20.4 83 -54 6.3 -5.9
EFV iShares MSCI EAFE Value ETF 20.3 39 -10 10.0 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.3 39 -10 6.7 -5.5
ISDX Invesco Strategic Developed ex-US ETF 20.2 23 6 7.4 -4.8
HFXI IQ 50 Percent Hedged FTSE International ETF 20.1 20 9 7.5 -4.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.1 35 -6 8.6 -3.6
DOL WisdomTree International LargeCap Dividend Fund 20.0 48 -19 8.5 -3.6
JHMD John Hancock Multifactor Developed International ETF 19.7 45 -16 7.4 -4.8
IQSI IQ Candriam ESG International Equity ETF 19.6 15 14 7.3 -4.9
SCHF Schwab International Equity ETF 19.5 6 23 7.4 -4.8
INTF iShares Edge MSCI Multifactor Intl ETF 19.4 30 -1 8.3 -3.8
EFA iShares MSCI EAFE ETF 19.3 32 -3 7.2 -5.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 19.2 7 22 7.6 -4.6
FIVA Fidelity International Value Factor ETF 19.2 39 -10 10.2 -2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 19.2 20 9 7.2 -5.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.1 35 -6 7.0 -5.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 18.9 47 -18 12.7 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 18.9 38 -9 8.0 -4.2
CWI SPDR MSCI ACWI ex-US ETF 18.5 30 -1 7.6 -4.6
IVLU iShares Edge MSCI Intl Value Factor ETF 18.4 30 -1 11.3 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 18.3 32 -3 7.5 -4.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 18.3 48 -19 0.0 -12.2
FDEV Fidelity Targeted International Factor ETF 18.2 39 -10 6.5 -5.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.1 40 -11 7.4 -4.8
SPDW SPDR Portfolio Developed World ex-US ETF 18.1 4 25 7.2 -5.0
VEA Vanguard FTSE Developed Markets ETF 18.0 5 24 7.4 -4.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.9 14 15 7.0 -5.2
IDEV iShares Core MSCI International Developed Markets ETF 17.8 5 24 7.3 -4.9
IEFA iShares Core MSCI EAFE ETF 17.6 7 22 7.3 -4.9
JPGE JPMorgan Diversified Return Global Equity ETF 17.4 29 0 7.3 -4.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.1 20 9 7.3 -4.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 16.9 20 9 5.9 -6.3
VEU Vanguard FTSE All-World ex-US Index Fund 16.9 8 21 7.7 -4.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.8 30 -1 6.2 -6.0
DTH WisdomTree DEFA Equity Income Fund 16.8 58 -29 9.6 -2.6
CIL VictoryShares International Volatility Weighted Index ETF 16.8 45 -16 6.7 -5.5
IXUS ishares Core MSCI Total International Stock ETF 16.8 9 20 7.6 -4.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 16.7 32 -3 6.5 -5.7
DOO WisdomTree International Dividend ex-Financials Fund 16.6 58 -29 8.7 -3.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 16.6 24 5 7.2 -5.0
IQDF FlexShares International Quality Dividend Index Fund 16.5 47 -18 12.9 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.4 16 13 7.1 -5.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 16.4 20 9 10.9 -1.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.3 25 4 6.7 -5.5
VXUS Vanguard Total International Stock Index Fund 16.2 8 21 7.7 -4.5
VSGX Vanguard ESG International Stock ETF 16.0 17 12 7.4 -4.8
QINT American Century Quality Diversified International ETF 15.9 39 -10 5.9 -6.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.9 30 -1 6.8 -5.3
IEV iShares Europe ETF 15.9 59 -30 6.8 -5.4
TPIF Timothy Plan International ETF 15.8 62 -33 7.0 -5.2
BBEU JPMorgan BetaBuilders Europe ETF 15.8 9 20 7.3 -4.9
FLEE Franklin FTSE Europe ETF 15.7 9 20 7.0 -5.2
FLEH Franklin FTSE Europe Hedged ETF 15.6 9 20 7.2 -5.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.6 45 -16 6.8 -5.4
EUMV iShares Edge MSCI Min Vol Europe ETF 15.4 25 4 5.5 -6.7
IEUR iShares Core MSCI Europe ETF 15.3 9 20 7.3 -4.9
VGK Vanguard FTSE Europe ETF 15.2 8 21 7.3 -4.9
DWMF WisdomTree International Multifactor Fund 15.1 38 -9 6.8 -5.4
JPEU JPMorgan Diversified Return Europe Equity ETF 15.0 37 -8 6.8 -5.4
IDHQ Invesco S&P International Developed High Quality ETF 14.7 29 0 5.4 -6.8
FEU SPDR Portfolio Europe ETF 14.5 9 20 7.3 -4.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.5 39 -10 9.1 -3.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 14.3 29 0 8.1 -4.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 14.1 83 -54 7.1 -5.1
VPL Vanguard FTSE Pacific ETF 14.1 8 21 7.8 -4.4
MVIN Natixis Seeyond International Minimum Volatility ETF 14.1 55 -26 5.8 -6.4
IPAC iShares Core MSCI Pacific ETF 14.0 9 20 7.5 -4.7
FYLD Cambria Foreign Shareholder Yield ETF 14.0 59 -30 9.3 -2.9
ISZE iShares Edge MSCI Intl Size Factor ETF 13.9 30 -1 6.9 -5.2
RBIN Nationwide Risk-Based International Equity ETF 13.8 42 -13 6.5 -5.7
SCID Global X Scientific Beta Europe ETF 13.7 38 -9 6.9 -5.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 13.5 30 -1 5.0 -7.2
IDMO Invesco S&P International Developed Momentum ETF 13.2 25 4 4.7 -7.5
OEUR O'shares FTSE Europe Quality Dividend ETF 13.1 48 -19 6.6 -5.6
IGRO iShares International Dividend Growth ETF 13.0 22 7 8.0 -4.2
JPXN iShares JPX-Nikkei 400 ETF 12.9 48 -19 7.5 -4.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 12.8 9 20 7.9 -4.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.8 25 4 7.6 -4.6
QJPN SPDR MSCI Japan StrategicFactors ETF 12.8 14 15 8.0 -4.2
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 12.7 30 -1 7.6 -4.6
EWJ iShares MSCI Japan ETF 12.6 49 -20 7.4 -4.8
FLJP Franklin FTSE Japan ETF 12.6 9 20 7.8 -4.3
FLJH Franklin FTSE Japan Hedged ETF 12.6 9 20 7.7 -4.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.5 45 -16 7.4 -4.8
BBJP JPMorgan BetaBuilders Japan ETF 12.5 19 10 7.7 -4.5
FDT First Trust Developed Markets ex-US Alphadex Fund 12.4 80 -51 7.8 -4.4

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:
Hartford Multifactor Low Volatility International Equity 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 10.4 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 12.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.