O'Shares FTSE Europe Quality Dividend
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
16.0x P/Sales
ratio
1.4x
P/BV
ratio
2.2x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The O'Shares FTSE Europe Quality Dividend ETF tracks an index that selects and weights large- and midcap Europe stocks based on three 3 factors: high quality, low volatility, and high dividend yield.

FUND BASICS
Category International Equities
Fund Sponsor FQF Trust
Website oshares.com
Inception date Aug 19, 2015
Assets (mns) $27
Currency USD
Expense ratio 48 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Foreside Fund Services
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 205
Wgt avg mkt cap (mns) $100,717
Large cap (>$10bn) 87.6%
Mid cap ($2-10bn) 11.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 5.1 %
NOVARTIS AG-REG 5.0 %
NESTLE SA-REG 4.6 %
GLAXOSMITHKLINE PLC 3.8 %
TOTAL SA 3.0 %
ROYAL DUTCH SHELL PLC-A SHS 2.7 %
BP PLC 2.6 %
ROYAL DUTCH SHELL PLC-B SHS 2.3 %
ENEL SPA 2.1 %
UNILEVER NV 2.0 %
Total 33.1 %

TOP COUNTRY EXPOSURE
BRITAIN 32.3 %
SWITZERLAND 19.6 %
FRANCE 13.9 %
GERMANY 8.2 %
NETHERLANDS 5.1 %
ITALY 3.7 %
SPAIN 3.7 %
SWEDEN 3.3 %
FINLAND 3.0 %
DENMARK 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.7% 22.7% -- -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.66 54%
MSCI EAFE 0.90 82%
MSCI Emg. Mkts. 0.59 60%

Technical Indicators
Recent close $25.85
30d moving avg. $25.42
Annualized volatility 10.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $9,784

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the O'Shares FTSE Europe Quality Dividend ETF based on the alternatives' overlap in portfolio holdings with OEUR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OEUR Expense: 48 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OEUR
Ticker Fund
Name
Overlap1
vs OEUR
(%)
Expense
ratio
(bp)
Savings
vs OEUR
(bp)
ALTAR
Score™
(%)
ALTAR
vs OEUR
(%)
IEV iShares S&P Europe 350 45.6 59 -11 6.1 -0.0
FLEE Franklin FTSE Europe 44.2 9 39 6.6 +0.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 44.2 30 18 6.4 +0.3
BBEU JPMorgan BetaBuilders Europe 44.2 9 39 6.6 +0.5
FLEH Franklin FTSE Europe Hedged 43.7 9 39 6.6 +0.5
DBEU Xtrackers Europe Hedged 43.5 45 3 6.2 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity 41.0 25 23 6.1 -0.1
IEUR iShares Core MSCI Europe 40.1 9 39 6.6 +0.5
VGK Vanguard FTSE Europe 39.5 9 39 6.7 +0.5
EUMV iShares MSCI Europe Min Volatility 38.8 25 23 5.1 -1.0
FEU SPDR DJ Stoxx 50 38.5 9 39 6.6 +0.5
RFEU First Trust Riverfront Dynamic Europe 36.7 83 -35 5.9 -0.2
IDY Pacific Global International Equity Income 36.5 39 9 8.0 +1.8
DOL WisdomTree Int'l Large Cap Dividend 36.1 48 0 7.5 +1.3
JPEU JPMorgan Diversified Return Europe Equity 34.8 37 11 6.2 +0.1
DTH WisdomTree DEFA Equity Income 33.8 58 -10 8.2 +2.1
IQLT iShares MSCI Int'l Developed Quality 33.4 30 18 5.7 -0.4
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 31.2 35 13 7.6 +1.5
EFV iShares MSCI EAFE Value 31.2 38 10 8.8 +2.6
EURZ Xtrackers Eurozone Equity 31.1 9 39 6.8 +0.6

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:
O'Shares FTSE Europe Quality Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.6 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.