Natixis Seeyond International Minimum Volatility ETF
ALTAR
Score™
5.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
1.1x
P/BV
ratio
2.1x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Natixis Seeyond International Minimum Volatility ETF is an actively-managed fund which seeks long-term capital appreciation with lower volatility than typically experienced by international equity markets.

FUND BASICS
Category International Equities
Fund Sponsor Natixis
Website ngam.natixis.com
Inception date Oct 25, 2016
Assets (mns) $18
Currency USD
Expense ratio 56 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 116
Wgt avg mkt cap (mns) $40,220
Large cap (>$10bn) 74.5%
Mid cap ($2-10bn) 25.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SYMRISE AG 2.3 %
EUROFINS SCIENTIFIC 2.3 %
NESTLE SA-REG 2.3 %
NIPPON TELEGRAPH AND TELEPHONE COR 2.2 %
NTT DOCOMO, INC. 2.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
TOKYO GAS CO LTD 1.8 %
MEIJI HOLDINGS CO LTD 1.6 %
BARRY CALLEBAUT AG-REG 1.6 %
WOOLWORTHS LIMITED 1.5 %
Total 19.6 %

TOP COUNTRY EXPOSURE
JAPAN 22.7 %
SWITZERLAND 11.8 %
CANADA 9.8 %
GERMANY 9.0 %
FRANCE 6.3 %
AUSTRALIA 6.3 %
BRITAIN 5.5 %
HONG KONG 3.6 %
ITALY 3.3 %
ISRAEL 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.9% -4.6% -- -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.64 76%
MSCI EAFE 0.75 88%
MSCI Emg. Mkts. 0.53 72%

Technical Indicators
Recent close $40.49
30d moving avg. $39.64
Annualized volatility 12.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $10,629

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Natixis Seeyond International Minimum Volatility ETF ETF based on the alternatives' overlap in portfolio holdings with MVIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MVIN Expense: 56 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MVIN
Ticker Fund
Name
Overlap1
vs MVIN
(%)
Expense
ratio
(bp)
Savings
vs MVIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs MVIN
(%)
EFAV iShares Edge MSCI Min Vol EAFE ETF 35.8 20 36 5.4 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 32.2 32 24 6.3 +1.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 30.3 80 -24 6.5 +1.2
DWMF WisdomTree International Multifactor Fund 28.3 38 18 6.6 +1.4
RBIN Nationwide Risk-Based International Equity ETF 27.3 42 14 6.1 +0.8
IDLV Invesco S&P International Developed Low Volatility ETF 26.4 25 31 6.7 +1.4
EUMV iShares Edge MSCI Min Vol Europe ETF 25.0 25 31 5.0 -0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 24.8 30 26 6.8 +1.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.1 30 26 0.0 -5.3
RNDM Developed International Equity Select ETF 21.6 65 -9 6.2 +0.9
VGFO Virtus WMC Global Factor Opportunities ETF 21.4 49 7 7.8 +2.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.4 25 31 6.5 +1.2
DOL WisdomTree International LargeCap Dividend Fund 20.6 48 8 8.5 +3.2
FDEV Fidelity Targeted International Factor ETF 19.8 39 17 6.5 +1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.4 30 26 4.3 -1.0
BKIE BNY Mellon International Equity ETF 19.3 4 52 7.2 +2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 19.0 20 36 7.0 +1.7
EFA iShares MSCI EAFE ETF 18.8 32 24 6.9 +1.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.6 25 31 6.4 +1.1
GSID Goldman Sachs MarketBeta International Equity ETF 18.5 20 36 7.2 +1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.4 29 27 8.5 +3.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.4 35 21 6.7 +1.4
HFXI IQ 50 Percent Hedged FTSE International ETF 18.1 20 36 7.3 +2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 18.0 20 36 6.8 +1.5
INTF iShares Edge MSCI Multifactor Intl ETF 18.0 30 26 7.7 +2.4
CIL VictoryShares International Volatility Weighted Index ETF 18.0 45 11 6.5 +1.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 17.9 45 11 6.5 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.9 39 17 6.4 +1.1
IQSI IQ Candriam ESG International Equity ETF 17.8 15 41 7.2 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 17.8 35 21 8.4 +3.1
DWM WisdomTree International Equity Fund 17.8 48 8 8.2 +2.9
JHMD John Hancock Multifactor Developed International ETF 17.7 39 17 7.3 +2.0
SCID Global X Scientific Beta Europe ETF 17.5 39 17 6.3 +1.1
TPIF Timothy Plan International ETF 17.3 62 -6 6.2 +0.9
EFG iShares MSCI EAFE Growth ETF 17.3 40 16 4.5 -0.8
IDMO Invesco S&P International Developed Momentum ETF 17.1 26 30 4.4 -0.9
QINT American Century Quality Diversified International ETF 17.1 39 17 5.6 +0.3
RFDI First Trust Riverfront Dynamic Developed International ETF 17.0 83 -27 5.6 +0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 17.0 7 49 7.4 +2.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 16.9 30 26 6.9 +1.6
SCHF Schwab International Equity ETF 16.8 6 50 7.2 +1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.8 30 26 6.0 +0.7
FLEE Franklin FTSE Europe ETF 16.7 9 47 6.9 +1.6
PDEV Principal International Multi-Factor Core Index ETF 16.7 25 31 7.7 +2.5
FLEH Franklin FTSE Europe Hedged ETF 16.7 9 47 7.0 +1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 16.6 45 11 6.5 +1.2
IEFA iShares Core MSCI EAFE ETF 16.6 7 49 7.2 +1.9
JPMV iShares Edge MSCI Min Vol Japan ETF 16.5 30 26 6.5 +1.3
IEV iShares Europe ETF 16.5 59 -3 6.7 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 16.5 9 47 7.2 +1.9
DOO WisdomTree International Dividend ex-Financials Fund 16.5 58 -2 8.6 +3.4
FIVA Fidelity International Value Factor ETF 16.4 39 17 9.8 +4.5
IDEV iShares Core MSCI International Developed Markets ETF 16.3 5 51 7.1 +1.8
ACWV iShares Edge MSCI Min Vol Global ETF 16.3 20 36 5.5 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.0 14 42 6.9 +1.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.9 47 9 11.9 +6.6
IEUR iShares Core MSCI Europe ETF 15.9 9 47 7.1 +1.8
VGK Vanguard FTSE Europe ETF 15.7 8 48 7.3 +2.0
SPDW SPDR Portfolio Developed World ex-US ETF 15.5 4 52 7.0 +1.7
IDY Pacific Global International Equity Income ETF 15.3 39 17 7.9 +2.6
FEU SPDR Portfolio Europe ETF 15.2 9 47 7.2 +1.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 14.9 35 21 8.5 +3.2
IQIN IQ 500 International ETF 14.8 25 31 8.6 +3.3
VEA Vanguard FTSE Developed Markets ETF 14.7 5 51 7.3 +2.0
CWI SPDR MSCI ACWI ex-US ETF 14.6 30 26 7.1 +1.8
OEUR O'shares FTSE Europe Quality Dividend ETF 14.6 48 8 6.6 +1.3
IDHQ Invesco S&P International Developed Quality ETF 14.4 29 27 5.0 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.2 45 11 8.7 +3.4
FNDF Schwab Fundamental International Large Co. Index ETF 13.9 25 31 8.6 +3.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.9 29 27 7.6 +2.3
ISDX Invesco Strategic Developed ex-US ETF 13.7 23 33 7.2 +1.9
ACWX iShares MSCI ACWI ex U.S. ETF 13.6 32 24 7.1 +1.9
IGRO iShares International Dividend Growth ETF 13.4 22 34 7.8 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.3 40 16 6.9 +1.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 13.1 20 36 9.4 +4.2
VIGI Vanguard International Dividend Appreciation ETF 13.1 25 31 5.5 +0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 13.1 35 21 6.8 +1.5
VSGX Vanguard ESG International Stock ETF 12.8 17 39 7.0 +1.7
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.6 25 31 7.1 +1.9
JPIN JPMorgan Diversified Return International Equity ETF 12.5 37 19 7.8 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 12.5 8 48 7.4 +2.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 12.3 30 26 8.5 +3.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 12.3 16 40 6.8 +1.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 12.3 29 27 12.0 +6.7
PIZ Invesco DWA Developed Markets Momentum ETF 12.1 81 -25 4.6 -0.7
QWLD SPDR MSCI World StrategicFactors ETF 12.1 30 26 6.0 +0.7
EFV iShares MSCI EAFE Value ETF 12.0 39 17 9.4 +4.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.0 24 32 7.0 +1.8
QJPN SPDR MSCI Japan StrategicFactors ETF 12.0 14 42 7.6 +2.3
LVHI Legg Mason International Low Volatility High Dividend ETF 11.9 40 16 9.0 +3.8
IXUS ishares Core MSCI Total International Stock ETF 11.9 9 47 7.3 +2.0
JPXN iShares JPX-Nikkei 400 ETF 11.8 48 8 7.2 +1.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.7 50 6 6.0 +0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 11.7 9 47 7.6 +2.3
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 9 12.1 +6.8
NUDM Nuveen ESG International Developed Markets Equity ETF 11.4 40 16 6.7 +1.4
SCIX Global X Scientific Beta Asia ex-Japan ETF 11.4 38 18 6.6 +1.3
EUDV ProShares MSCI Europe Dividend Growers ETF 11.3 55 1 5.6 +0.3

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:
Natixis Seeyond International Minimum Volatility ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.