American Century Quality Diversified International
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
16.5x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The American Century Quality Diversified International ETF tracks an index of large- and midcap global stocks, excluding US firms. The index selects and weights constituents by both value and growth factors.

FUND BASICS
Category International Equities
Fund Sponsor American Century
Website ipro.americancentury.com
Inception date Sep 10, 2018
Assets (mns) $106
Currency USD
Expense ratio 39 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 383
Wgt avg mkt cap (mns) $49,420
Large cap (>$10bn) 71.0%
Mid cap ($2-10bn) 28.8%
Small cap (<$2bn) 0.2%
Developed mkts 91.5%
Emerging mkts 8.5%

TOP TEN HOLDINGS
HERMES INTERNATIONAL 1.8 %
L'OREAL 1.7 %
PARTNERS GROUP HOLDING AG 1.6 %
CHUGAI PHARMACEUTICAL CO LTD 1.5 %
ASTELLAS PHARMA INC 1.4 %
RECRUIT HOLDINGS CO LTD 1.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.3 %
FORTESCUE METALS GROUP LTD 1.2 %
CANADIAN PACIFIC RAILWAY LTD 1.2 %
SINGAPORE EXCHANGE LTD 1.1 %
Total 14.3 %

TOP COUNTRY EXPOSURE
JAPAN 18.8 %
BRITAIN 11.9 %
FRANCE 11.8 %
CANADA 7.1 %
SWITZERLAND 6.6 %
AUSTRALIA 5.7 %
CHINA 5.2 %
NETHERLANDS 4.9 %
GERMANY 4.2 %
SWEDEN 3.9 %

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.
23.4% 23.4% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 0.78 84%
MSCI EAFE 1.08 95%
MSCI Emg. Mkts. 0.74 75%

Technical Indicators
Recent close $42.31
30d moving avg. $41.88
Annualized volatility 13.6%
Short interest (ETF) 0.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.6%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $24,869

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the American Century Quality Diversified International ETF based on the alternatives' overlap in portfolio holdings with QINT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QINT Expense: 39 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QINT
Ticker Fund
Name
Overlap1
vs QINT
(%)
Expense
ratio
(bp)
Savings
vs QINT
(bp)
ALTAR
Score™
(%)
ALTAR
vs QINT
(%)
GSIE Goldman Sachs ActiveBeta Int'l Equity 35.7 25 14 6.4 +0.4
PDEV Principal International Multi-Factor Core Index 33.0 25 14 6.5 +0.5
ISZE iShares MSCI Int'l Developed Size Factor 32.3 30 9 6.6 +0.7
CIL Victory CEMP International Volatility Wtd 31.1 45 -6 6.7 +0.8
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 31.0 45 -6 6.7 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity 30.7 25 14 6.1 +0.1
JPEU JPMorgan Diversified Return Europe Equity 29.9 37 2 6.2 +0.2
HFXI IQ 50 Percent Hedged FTSE Int'l 29.4 20 19 7.0 +1.0
QEFA SPDR MSCI EAFE Quality Mix 29.2 30 9 6.4 +0.4
EFA iShares MSCI EAFE 29.0 31 8 6.7 +0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free 29.0 20 19 6.8 +0.8
SCHF Schwab International Equity 28.8 6 33 7.1 +1.1
JHMD John Hancock Multifactor Developed International 28.6 45 -6 7.0 +1.0
ESGD iShares MSCI EAFE ESG Optimized 28.5 20 19 6.7 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America 28.4 7 32 7.3 +1.3
IDHQ Invesco Int'l Developed High Quality Portfolio 28.4 29 10 4.8 -1.1
DBEF Xtrackers MSCI EAFE Hedged 28.4 35 4 6.6 +0.6
EFG iShares MSCI EAFE Growth 28.3 40 -1 4.5 -1.5
IMTM iShares MSCI Int'l Developed Momentum 28.1 30 9 4.5 -1.5

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%.

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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:
American Century Quality Diversified International
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 12.9 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.