Hartford Multifactor Low Volatility International Equity ETF
ALTAR
Score™
11.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.4x P/Sales
ratio
0.7x
P/BV
ratio
1.0x Div.
yield
4.1%


  • 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 320
Wgt avg mkt cap (mns) $32,034
Large cap (>$10bn) 54.1%
Mid cap ($2-10bn) 34.5%
Small cap (<$2bn) 11.2%
Developed mkts 66.1%
Emerging mkts 33.9%

TOP TEN HOLDINGS
LUNDBERGS AB-B SHS 1.1 %
NOVO NORDISK A/S-B 1.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
ROYAL AHOLD DELHAIZE N.V. 1.0 %
INVESTOR AB-B SHS 1.0 %
ASTELLAS PHARMA INC 1.0 %
WEICHAI POWER CO LTD-H 1.0 %
BANK OF CHINA LTD - H 1.0 %
PLDT, INC. 0.9 %
FISHER & PAYKEL HEALTHCARE C 0.9 %
Total 10.1 %

TOP COUNTRY EXPOSURE
JAPAN 15.4 %
CHINA 6.6 %
TAIWAN 6.5 %
AUSTRALIA 6.4 %
BRITAIN 6.3 %
CANADA 4.8 %
SOUTH KOREA 4.5 %
SWEDEN 4.2 %
FRANCE 3.4 %
SWITZERLAND 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.9% -5.0% -- -- 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.78 76%
MSCI EAFE 0.92 89%
MSCI Emg. Mkts. 0.68 78%

Technical Indicators
Recent close $23.65
30d moving avg. $24.20
Annualized volatility 15.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $10,333

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™: 11.4%


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 42.4 29 0 7.6 -3.8
ROAM Hartford Multifactor Emerging Markets ETF 28.4 44 -15 13.4 +2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 23.5 25 4 6.6 -4.8
QEFA SPDR MSCI EAFE Quality Mix ETF 22.2 30 -1 6.8 -4.7
FNDF Schwab Fundamental International Large Co. Index ETF 21.9 25 4 8.8 -2.7
PDEV Principal International Multi-Factor Core Index ETF 21.6 25 4 7.9 -3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.5 45 -16 8.9 -2.5
BKIE BNY Mellon International Equity ETF 21.3 4 25 7.3 -4.1
IDY Pacific Global International Equity Income ETF 21.2 39 -10 8.0 -3.4
IQIN IQ 500 International ETF 21.2 25 4 8.7 -2.8
FDEV Fidelity Targeted International Factor ETF 21.1 39 -10 6.4 -5.1
DWM WisdomTree International Equity Fund 21.0 48 -19 8.3 -3.1
DOL WisdomTree International LargeCap Dividend Fund 21.0 48 -19 8.7 -2.8
SCHF Schwab International Equity ETF 20.9 6 23 7.3 -4.2
JHMD John Hancock Multifactor Developed International ETF 20.9 39 -10 7.3 -4.1
VYMI Vanguard International High Dividend Yield ETF 20.8 27 2 10.3 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.7 35 -6 8.6 -2.8
VIDI Vident International Equity Fund 20.6 59 -30 11.3 -0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 20.6 20 9 7.4 -4.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.5 45 -16 6.6 -4.8
CIL VictoryShares International Volatility Weighted Index ETF 20.5 45 -16 6.6 -4.8
INTF iShares Edge MSCI Multifactor Intl ETF 20.4 30 -1 7.7 -3.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.4 39 -10 6.5 -5.0
GSID Goldman Sachs MarketBeta International Equity ETF 20.1 20 9 7.3 -4.2
ESGD iShares MSCI EAFE ESG Optimized ETF 20.1 20 9 6.9 -4.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.1 35 -6 8.5 -2.9
IQSI IQ Candriam ESG International Equity ETF 20.1 15 14 7.3 -4.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.0 7 22 7.4 -4.0
EFA iShares MSCI EAFE ETF 19.9 32 -3 7.0 -4.5
ISDX Invesco Strategic Developed ex-US ETF 19.7 23 6 7.4 -4.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 19.7 24 5 6.9 -4.5
IDEV iShares Core MSCI International Developed Markets ETF 19.6 5 24 7.2 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 19.6 32 -3 7.3 -4.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.6 35 -6 6.8 -4.6
VEA Vanguard FTSE Developed Markets ETF 19.5 5 24 7.3 -4.1
SPDW SPDR Portfolio Developed World ex-US ETF 19.4 4 25 7.1 -4.4
CWI SPDR MSCI ACWI ex-US ETF 19.3 30 -1 7.2 -4.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.3 40 -11 7.1 -4.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 19.3 30 -1 0.0 -11.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.8 32 -3 5.9 -5.5
RBIN Nationwide Risk-Based International Equity ETF 18.8 42 -13 6.0 -5.4
EFV iShares MSCI EAFE Value ETF 18.7 39 -10 9.7 -1.8
IEFA iShares Core MSCI EAFE ETF 18.5 7 22 7.2 -4.2
VEU Vanguard FTSE All-World ex-US Index Fund 18.5 8 21 7.6 -3.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 18.3 29 0 7.5 -4.0
DWMF WisdomTree International Multifactor Fund 18.3 38 -9 6.2 -5.3
JPIN JPMorgan Diversified Return International Equity ETF 18.3 37 -8 7.8 -3.6
VSGX Vanguard ESG International Stock ETF 18.3 17 12 7.1 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.3 20 9 7.0 -4.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 17.9 47 -18 9.2 -2.3
IXUS ishares Core MSCI Total International Stock ETF 17.9 9 20 7.4 -4.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.5 25 4 6.4 -5.0
IVLU iShares Edge MSCI Intl Value Factor ETF 17.5 30 -1 11.5 +0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.3 20 9 5.4 -6.0
IQDF FlexShares International Quality Dividend Index Fund 17.3 47 -18 9.0 -2.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 17.2 20 9 11.5 +0.0
VXUS Vanguard Total International Stock Index Fund 17.2 8 21 7.5 -3.9
FIVA Fidelity International Value Factor ETF 17.1 39 -10 9.7 -1.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.8 30 -1 5.9 -5.5
TPIF Timothy Plan International ETF 16.7 62 -33 6.2 -5.2
MVIN Natixis Seeyond International Minimum Volatility ETF 16.6 56 -27 5.5 -5.9
IDLV Invesco S&P International Developed Low Volatility ETF 16.5 25 4 6.6 -4.9
QINT American Century Quality Diversified International ETF 16.5 39 -10 6.0 -5.4
VGFO Virtus WMC Global Factor Opportunities ETF 16.5 49 -20 8.0 -3.4
FDT First Trust Developed Markets ex-US Alphadex Fund 16.4 80 -51 7.3 -4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.1 14 15 6.8 -4.6
RFDI First Trust Riverfront Dynamic Developed International ETF 16.1 83 -54 5.6 -5.8
RNDM Developed International Equity Select ETF 16.0 65 -36 6.3 -5.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 15.8 35 -6 6.9 -4.6
DTH WisdomTree DEFA Equity Income Fund 15.8 58 -29 9.9 -1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.8 30 -1 0.0 -11.4
BBEU JPMorgan BetaBuilders Europe ETF 15.8 9 20 7.4 -4.1
FLEE Franklin FTSE Europe ETF 15.7 9 20 7.0 -4.4
SCID Global X Scientific Beta Europe ETF 15.5 39 -10 6.5 -5.0
FLEH Franklin FTSE Europe Hedged ETF 15.5 9 20 7.2 -4.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.4 45 -16 6.6 -4.8
VGK Vanguard FTSE Europe ETF 15.4 8 21 7.4 -4.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.4 16 13 6.9 -4.5
IEV iShares Europe ETF 15.4 59 -30 6.8 -4.6
DOO WisdomTree International Dividend ex-Financials Fund 15.3 58 -29 8.9 -2.6
IEUR iShares Core MSCI Europe ETF 15.3 9 20 7.2 -4.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 15.2 30 -1 4.3 -7.1
FEU SPDR Portfolio Europe ETF 15.0 9 20 7.3 -4.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 14.7 45 -16 7.0 -4.5
ISZE iShares Edge MSCI Intl Size Factor ETF 14.7 30 -1 7.1 -4.3
AVDE Avantis International Equity ETF 14.5 23 6 7.6 -3.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.4 39 -10 8.3 -3.2
IDHQ Invesco S&P International Developed Quality ETF 14.3 29 0 5.0 -6.5
OEUR O'shares FTSE Europe Quality Dividend ETF 13.9 48 -19 6.7 -4.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.5 80 -51 6.5 -4.9
IPAC iShares Core MSCI Pacific ETF 13.3 9 20 7.0 -4.4
IDMO Invesco S&P International Developed Momentum ETF 13.1 26 3 4.5 -7.0
IGRO iShares International Dividend Growth ETF 12.9 22 7 8.0 -3.4
VPL Vanguard FTSE Pacific ETF 12.7 8 21 7.4 -4.0
ESGN Columbia Sustainable International Equity Income ETF 12.5 45 -16 10.8 -0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 12.5 47 -18 9.2 -2.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 12.3 20 9 9.7 -1.7
DEW WisdomTree Global High Dividend Fund 12.0 58 -29 9.6 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 11.7 30 -1 6.3 -5.1

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 10.8 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 11.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.57
 
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.