Hartford Multifactor Low Volatility US Equity
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.0x P/Sales
ratio
2.0x
P/BV
ratio
3.2x Div.
yield
2.6%


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


FUND BASICS
Category US Equities
Fund Sponsor Hartford
Website www.hartfordfunds.com
Inception date May 10, 2017
Assets (mns) $8
Currency USD
Expense ratio 21 bp
Distributions Quarterly

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 258
Wgt avg mkt cap (mns) $92,852
Large cap (>$10bn) 72.6%
Mid cap ($2-10bn) 25.2%
Small cap (<$2bn) 2.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 1.6 %
JOHNSON & JOHNSON 1.5 %
CHEVRON CORP 1.5 %
ACCENTURE PLC-CL A 1.5 %
MEDTRONIC PLC 1.5 %
EXXON MOBIL CORP 1.5 %
HONEYWELL INTERNATIONAL INC 1.4 %
VERIZON COMMUNICATIONS INC 1.4 %
HOME DEPOT INC 1.3 %
MCDONALD'S CORP 1.3 %
Total 14.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.0 %
IRELAND 3.3 %
BRITAIN 1.5 %
BERMUDA 0.9 %
SWITZERLAND 0.4 %
CAYMAN ISLANDS 0.1 %





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.
23.8% 14.4% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.90 75%
MSCI EAFE 0.86 53%
MSCI Emg. Mkts. 0.59 40%

Technical Indicators
Recent close $31.28
30d moving avg. $30.99
Annualized volatility 13.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $52,733

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Hartford Multifactor Low Volatility US Equity ETF based on the alternatives' overlap in portfolio holdings with LVUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LVUS Expense: 21 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LVUS
Ticker Fund
Name
Overlap1
vs LVUS
(%)
Expense
ratio
(bp)
Savings
vs LVUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs LVUS
(%)
FDLO Fidelity Low Volatility Factor 49.5 29 -8 5.3 -0.5
ROUS Lattice U.S. Equity Strategy ETF 48.3 19 2 6.4 +0.6
USMV iShares MSCI USA Minimum Volatility 46.7 15 6 5.2 -0.7
LGLV SPDR Russell 1000 Low Volatility 42.5 12 9 5.2 -0.6
OVOL Invesco Russell 1000 Low Volatility Factor ETF 42.4 19 2 5.6 -0.2
HUSV First Trust Horizon Managed Volatility Domestic 41.4 70 -49 4.7 -1.1
JMIN JPMorgan U.S. Minimum Volatility 41.1 12 9 5.6 -0.2
QUS SPDR MSCI USA Quality Mix 40.0 15 6 6.0 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity 39.1 29 -8 6.3 +0.5
DYNF BlackRock U.S. Equity Factor Rotation 38.4 30 -9 6.5 +0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility 38.2 25 -4 5.7 -0.1
FLLV Franklin Liberty U.S. Low Volatility 37.4 29 -8 5.2 -0.6
SPXT ProShares S&P 500 Ex-Technology 37.3 27 -6 6.0 +0.2
OMOM Invesco Russell 1000 Momentum Factor ETF 37.1 19 2 5.3 -0.6
SPXN ProShares S&P 500 Ex-Financials 37.0 27 -6 5.9 +0.1
DEF Invesco Defensive Equity 37.0 59 -38 4.9 -1.0
PBP Invesco S&P 500 Buy/Write 36.8 49 -28 5.6 -0.3
DLN WisdomTree Large Cap Dividend 36.6 28 -7 6.5 +0.7
FNDX Schwab Fundamental Large Cap 36.5 25 -4 6.7 +0.8
FLQL Franklin LibertyQ U.S. Equity 36.5 15 6 6.9 +1.1

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

  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

Content on this tab for subscribers only

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 US Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 21 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.55
 
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.