Hartford Multifactor Low Volatility Int'l Equity
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.6x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
3.7%


  • 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) $6
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 321
Wgt avg mkt cap (mns) $40,228
Large cap (>$10bn) 68.6%
Mid cap ($2-10bn) 25.3%
Small cap (<$2bn) 6.1%
Developed mkts 73.5%
Emerging mkts 26.5%

TOP TEN HOLDINGS
GREAT WALL MOTOR COMPANY-H 1.3 %
BOUYGUES SA 1.1 %
ALLIANZ SE-REG 1.0 %
NOVO NORDISK A/S-B 1.0 %
WESFARMERS LIMITED 1.0 %
RIO TINTO PLC 1.0 %
ROYAL DUTCH SHELL PLC-A SHS 1.0 %
SWISS LIFE HOLDING AG-REG 1.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
ROYAL BANK OF CANADA 1.0 %
Total 10.2 %

TOP COUNTRY EXPOSURE
JAPAN 15.6 %
CHINA 8.1 %
BRITAIN 8.0 %
AUSTRALIA 7.8 %
CANADA 7.3 %
TAIWAN 5.3 %
SOUTH KOREA 5.1 %
FRANCE 4.2 %
SWITZERLAND 3.7 %
GERMANY 3.3 %

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.
12.5% 12.5% -- -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.63 66%
MSCI EAFE 0.78 79%
MSCI Emg. Mkts. 0.56 65%

Technical Indicators
Recent close $27.54
30d moving avg. $27.04
Annualized volatility 10.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $16,631

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Hartford Multifactor Low Volatility Int'l Equity 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™: 7.8%


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 Lattice Developed Markets (Ex-US) Strategy 46.7 29 0 7.7 -0.1
ROAM Hartford Multifactor Emerging Markets 30.8 44 -15 10.9 +3.1
PXF Invesco FTSE-RAFI Developed ex-US 24.7 45 -16 8.0 +0.3
FNDF Schwab Fundamental Intl Large Cap 24.7 25 4 7.4 -0.4
IQIN IQ 500 International 23.6 25 4 8.3 +0.6
VYMI Vanguard Int'l High Dividend Yield 23.0 32 -3 9.1 +1.4
VIDI Vident International Equity 22.8 61 -32 9.0 +1.3
DOL WisdomTree Int'l Large Cap Dividend 22.6 48 -19 7.6 -0.2
IQDE FlexShares Int'l Quality Dividend Defensive 22.2 47 -18 9.6 +1.9
DWM WisdomTree DEFA Fund 22.0 48 -19 7.6 -0.2
GSIE Goldman Sachs ActiveBeta Int'l Equity 22.0 25 4 6.6 -1.1
EFV iShares MSCI EAFE Value 21.8 38 -9 8.9 +1.1
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 21.5 35 -6 7.8 -0.0
QEFA SPDR MSCI EAFE Quality Mix 21.3 30 -1 6.5 -1.2
SCHF Schwab International Equity 21.2 6 23 7.3 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity 21.1 39 -10 6.2 -1.6
HFXI IQ 50 Percent Hedged FTSE Int'l 21.0 20 9 7.2 -0.6
PDEV Principal International Multi-Factor Core Index 21.0 25 4 6.9 -0.9
REFA Invesco International Revenue ETF 20.8 42 -13 8.7 +0.9
DTH WisdomTree DEFA Equity Income 20.8 58 -29 8.4 +0.7

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 Int'l Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 CATEGORY
AVERAGE
1.63
 
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.