Natixis Seeyond International Minimum Volatility ETF
ALTAR
Score™
6.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
18.1x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
3.1%


  • 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) $17
Currency USD
Expense ratio 55 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 113
Wgt avg mkt cap (mns) $35,876
Large cap (>$10bn) 71.5%
Mid cap ($2-10bn) 28.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NIPPON TELEGRAPH AND TELEPHONE COR 2.2 %
TOKYO GAS CO LTD 2.2 %
JAPAN TOBACCO INC 2.1 %
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
NESTLE SA-REG 1.8 %
HKT TRUST AND HKT LTD 1.7 %
RECORDATI SPA 1.6 %
ROYAL AHOLD DELHAIZE N.V. 1.6 %
MEIJI HOLDINGS CO LTD 1.5 %
DANONE 1.5 %
Total 18.3 %

TOP COUNTRY EXPOSURE
JAPAN 26.6 %
CANADA 9.9 %
SWITZERLAND 7.8 %
FRANCE 7.5 %
GERMANY 6.9 %
BRITAIN 6.0 %
AUSTRALIA 5.9 %
HONG KONG 5.4 %
ISRAEL 5.0 %
SINGAPORE 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.6% -9.4% -- -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.64 73%
MSCI EAFE 0.76 87%
MSCI Emg. Mkts. 0.56 73%

Technical Indicators
Recent close $37.63
30d moving avg. $36.87
Annualized volatility 12.7%
Short interest (ETF) 0.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 5
Turnover 1.1%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $8,959

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 55 bp ALTAR Score™: 6.0%


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 37.4 20 35 6.1 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 33.7 32 23 6.8 +0.8
IDLV Invesco S&P International Developed Low Volatility ETF 26.8 25 30 7.2 +1.2
QEFA SPDR MSCI EAFE Quality Mix ETF 25.2 30 25 7.2 +1.2
RBIN Nationwide Risk-Based International Equity ETF 24.9 42 13 6.8 +0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 23.2 25 30 5.8 -0.2
DWMF WisdomTree International Multifactor Fund 22.5 38 17 7.2 +1.3
RNDM Developed International Equity Select ETF 21.3 65 -10 6.8 +0.8
JPMV iShares Edge MSCI Min Vol Japan ETF 20.4 30 25 7.3 +1.3
FDEV Fidelity Targeted International Factor ETF 19.9 39 16 6.9 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.5 25 30 7.3 +1.3
DOL WisdomTree International LargeCap Dividend Fund 19.3 48 7 9.1 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.1 29 26 9.2 +3.3
INTF iShares Edge MSCI Multifactor Intl ETF 18.4 30 25 8.8 +2.9
EFA iShares MSCI EAFE ETF 18.1 32 23 7.7 +1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 18.0 20 35 7.7 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.8 20 35 7.7 +1.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 17.8 48 7 0.0 -6.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.7 35 20 7.5 +1.5
IQSI IQ Candriam ESG International Equity ETF 17.6 15 40 7.8 +1.8
ACWV iShares Edge MSCI Min Vol Global ETF 17.3 20 35 6.0 +0.1
JHMD John Hancock Multifactor Developed International ETF 17.2 45 10 8.0 +2.0
HFXI IQ 50 Percent Hedged FTSE International ETF 17.1 20 35 8.1 +2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.0 25 30 7.1 +1.1
DWM WisdomTree International Equity Fund 16.9 48 7 8.8 +2.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 16.9 30 25 6.6 +0.6
IDMO Invesco S&P International Developed Momentum ETF 16.8 25 30 4.9 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.8 35 20 9.1 +3.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 16.8 30 25 5.2 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.6 39 16 7.1 +1.1
EFG iShares MSCI EAFE Growth ETF 16.5 40 15 5.0 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 16.5 45 10 7.2 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 16.5 35 20 9.1 +3.1
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.4 30 25 7.8 +1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.3 14 41 7.4 +1.4
PIZ Invesco DWA Developed Markets Momentum ETF 16.2 80 -25 4.4 -1.6
SCHF Schwab International Equity ETF 16.2 6 49 7.9 +1.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 16.1 7 48 8.1 +2.1
PDEV Principal International Multi-Factor Core Index ETF 16.1 25 30 8.4 +2.4
IEFA iShares Core MSCI EAFE ETF 16.0 7 48 7.8 +1.8
IDEV iShares Core MSCI International Developed Markets ETF 15.8 5 50 7.8 +1.8
IDY Pacific Global International Equity Income ETF 15.6 39 16 9.4 +3.4
QINT American Century Quality Diversified International ETF 15.6 39 16 6.3 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.6 80 -25 6.3 +0.4
TPIF Timothy Plan International ETF 15.6 62 -7 7.5 +1.5
SPDW SPDR Portfolio Developed World ex-US ETF 15.5 4 51 7.7 +1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.5 45 10 7.1 +1.1
VIGI Vanguard International Dividend Appreciation ETF 15.4 25 30 6.3 +0.3
BBEU JPMorgan BetaBuilders Europe ETF 15.4 9 46 7.8 +1.8
IEV iShares Europe ETF 15.4 59 -4 7.3 +1.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.3 30 25 7.3 +1.3
FLEE Franklin FTSE Europe ETF 15.3 9 46 7.5 +1.5
FLEH Franklin FTSE Europe Hedged ETF 15.2 9 46 7.5 +1.6
DOO WisdomTree International Dividend ex-Financials Fund 15.0 58 -3 9.3 +3.3
CWI SPDR MSCI ACWI ex-US ETF 15.0 30 25 8.1 +2.1
IEUR iShares Core MSCI Europe ETF 14.9 9 46 7.8 +1.8
VGK Vanguard FTSE Europe ETF 14.7 8 47 7.9 +1.9
IDHQ Invesco S&P International Developed High Quality ETF 14.7 29 26 5.6 -0.3
SCIJ Global X Scientific Beta Japan ETF 14.5 39 16 7.6 +1.6
SCID Global X Scientific Beta Europe ETF 14.5 38 17 7.4 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 14.4 50 5 6.9 +0.9
VEA Vanguard FTSE Developed Markets ETF 14.4 5 50 8.0 +2.0
OEUR O'shares FTSE Europe Quality Dividend ETF 14.4 48 7 6.9 +0.9
ISDX Invesco Strategic Developed ex-US ETF 14.3 23 32 8.1 +2.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 14.3 29 26 13.0 +7.0
FEU SPDR Portfolio Europe ETF 14.1 9 46 7.8 +1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 14.0 83 -28 6.8 +0.8
FNDF Schwab Fundamental International Large Co. Index ETF 13.9 25 30 9.4 +3.4
JPIN JPMorgan Diversified Return International Equity ETF 13.7 38 17 8.5 +2.5
IQIN IQ 500 International ETF 13.7 25 30 9.9 +3.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 13.7 47 8 13.4 +7.4
FIVA Fidelity International Value Factor ETF 13.7 39 16 11.1 +5.1
ACWX iShares MSCI ACWI ex U.S. ETF 13.6 32 23 8.0 +2.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.6 45 10 9.6 +3.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.3 16 39 7.5 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.2 40 15 7.9 +1.9
NUDM Nuveen ESG International Developed Markets Equity ETF 12.9 40 15 7.3 +1.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.7 25 30 8.1 +2.1
EUDV ProShares MSCI Europe Dividend Growers ETF 12.7 55 0 7.2 +1.2
JPGE JPMorgan Diversified Return Global Equity ETF 12.7 29 26 7.8 +1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 12.3 30 25 7.5 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 12.2 8 47 8.3 +2.3
QJPN SPDR MSCI Japan StrategicFactors ETF 12.2 14 41 8.5 +2.5
SCIX Global X Scientific Beta Asia ex-Japan ETF 12.1 38 17 7.2 +1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.0 24 31 7.7 +1.7
EWJ iShares MSCI Japan ETF 11.9 49 6 7.9 +1.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 11.9 29 26 8.5 +2.5
JPEU JPMorgan Diversified Return Europe Equity ETF 11.9 37 18 7.3 +1.3
IXUS ishares Core MSCI Total International Stock ETF 11.8 9 46 8.1 +2.1
LVHI Legg Mason International Low Volatility High Dividend ETF 11.8 40 15 10.8 +4.8
IGRO iShares International Dividend Growth ETF 11.8 22 33 8.5 +2.6
QWLD SPDR MSCI World StrategicFactors ETF 11.7 30 25 6.2 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.6 45 10 8.0 +2.0
VSGX Vanguard ESG International Stock ETF 11.6 17 38 7.9 +1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 11.5 30 25 12.0 +6.1
EWJV iShares MSCI Japan Value ETF 11.5 15 40 11.6 +5.6
IPAC iShares Core MSCI Pacific ETF 11.3 9 46 8.0 +2.1
BBJP JPMorgan BetaBuilders Japan ETF 11.2 19 36 8.2 +2.2
KXI iShares Global Consumer Staples ETF 11.1 46 9 5.5 -0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 10.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 55 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.58
 
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.