Nationwide Risk-Based International Equity
ALTAR
Score™
7.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.4x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Nationwide Risk-Based International Equity ETF tracks an index of large-cap stocks from developed countries, excluding US and Canada, that are selected and weighted for lower portfolio risk.

FUND BASICS
Category International Equities
Fund Sponsor Nationwide Fund Advisors
Website nationwidefinancial.com
Inception date Sep 15, 2017
Assets (mns) $122
Currency USD
Expense ratio 42 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 228
Wgt avg mkt cap (mns) $42,420
Large cap (>$10bn) 88.5%
Mid cap ($2-10bn) 11.2%
Small cap (<$2bn) 0.3%
Developed mkts 96.7%
Emerging mkts 3.3%

TOP TEN HOLDINGS
SOFTBANK CORP. 1.2 %
NIPPON TELEGRAPH AND TELEPHONE COR 1.1 %
JARDINE MATHESON HLDGS LTD 0.8 %
SINGAPORE TELECOMMUNICATIONS LIMIT 0.8 %
DEUTSCHE WOHNEN AG 0.8 %
NEWCREST MINING LIMITED 0.7 %
JAPAN POST HOLDINGS CO. LTD. 0.7 %
DEUTSCHE ANNINGTON IMMOBILIE 0.7 %
TOSHIBA CORP 0.7 %
AROUNDTOWN SA 0.7 %
Total 8.4 %

TOP COUNTRY EXPOSURE
JAPAN 30.5 %
BRITAIN 11.4 %
GERMANY 9.5 %
FRANCE 7.3 %
AUSTRALIA 6.1 %
SWITZERLAND 4.8 %
SPAIN 3.4 %
ITALY 2.9 %
DENMARK 2.8 %
NETHERLANDS 2.8 %

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.
16.4% 16.4% -- -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.60 73%
MSCI EAFE 0.75 88%
MSCI Emg. Mkts. 0.54 78%

Technical Indicators
Recent close $26.02
30d moving avg. $25.96
Annualized volatility 9.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.0%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $16,134

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Nationwide Risk-Based International Equity ETF based on the alternatives' overlap in portfolio holdings with RBIN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RBIN Expense: 42 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RBIN
Ticker Fund
Name
Overlap1
vs RBIN
(%)
Expense
ratio
(bp)
Savings
vs RBIN
(bp)
ALTAR
Score™
(%)
ALTAR
vs RBIN
(%)
EFAV iShares MSCI EAFE Minimum Volatility 42.0 20 22 5.6 -1.6
HDMV First Trust Horizon Managed Volatility Developed Int'l 37.0 80 -38 6.0 -1.2
QEFA SPDR MSCI EAFE Quality Mix 37.0 30 12 6.4 -0.8
JPEU JPMorgan Diversified Return Europe Equity 36.3 37 5 6.2 -0.9
EUMV iShares MSCI Europe Min Volatility 35.6 25 17 5.1 -2.0
TPIF Timothy Plan International 35.1 62 -20 6.4 -0.8
CIL Victory CEMP International Volatility Wtd 34.9 45 -3 6.7 -0.4
JHMD John Hancock Multifactor Developed International 34.9 45 -3 7.0 -0.2
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 34.7 45 -3 6.7 -0.4
EFA iShares MSCI EAFE 34.4 31 11 6.7 -0.5
HFXI IQ 50 Percent Hedged FTSE Int'l 33.8 20 22 7.0 -0.1
DOL WisdomTree Int'l Large Cap Dividend 33.6 48 -6 7.5 +0.4
DBEF Xtrackers MSCI EAFE Hedged 33.6 35 7 6.6 -0.6
DWMF WisdomTree International Multifactor Fund 33.4 38 4 6.0 -1.1
ESGD iShares MSCI EAFE ESG Optimized 33.4 20 22 6.7 -0.5
IDLV Invesco S&P Int'l Developed Low Volatility 33.0 25 17 6.2 -0.9
EFAX SPDR MSCI EAFE Fossil Fuel Free 33.0 20 22 6.8 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America 32.1 7 35 7.3 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity 31.8 25 17 6.1 -1.0

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:
Nationwide Risk-Based International 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 11.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 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.