Developed International Equity Select ETF
ALTAR
Score™		 6.3% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 21.6x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Developed International Equity Select ETF tracks an index of developed international ex-US equities, selected for low volatility and weighted according to a tiered methodology: first market-cap followed by modified equal weights.

FUND BASICS
Category International Equities
Fund Sponsor First Trust
Website www.ftportfolios.com
Inception date Jun 20, 2017
Assets (mns) $26
Currency USD
Expense ratio 65 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 441
Wgt avg mkt cap (mns) $39,859
Large cap (>$10bn) 68.8%
Mid cap ($2-10bn) 30.5%
Small cap (<$2bn) 0.4%
Developed mkts 95.1%
Emerging mkts 4.9%

TOP TEN HOLDINGS
CRODA INTERNATIONAL PLC 1.4 %
LONZA GROUP AG-REG 1.4 %
MEIJI HOLDINGS CO LTD 1.2 %
TOYOTA MOTOR CORP 1.2 %
SONOVA HOLDING AG-REG 1.2 %
ABC-MART INC 1.1 %
DAUM COMMUNICATIONS CORP 1.1 %
JAPAN TOBACCO INC 1.1 %
ITOCHU CORP 1.1 %
BRIDGESTONE CORP 1.1 %
Total 12.0 %

TOP COUNTRY EXPOSURE
JAPAN 18.1 %
BRITAIN 11.5 %
SWITZERLAND 10.4 %
FRANCE 9.3 %
GERMANY 7.6 %
CANADA 7.4 %
AUSTRALIA 6.3 %
SOUTH KOREA 4.8 %
NETHERLANDS 3.9 %
SWEDEN 2.8 %

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.
-11.4% -4.4% -- -- -0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 79%
MSCI EAFE 0.89 94%
MSCI Emg. Mkts. 0.63 78%

Technical Indicators
Recent close $47.44
30d moving avg. $46.51
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.7%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $28,452

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RNDM Expense: 65 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RNDM
Ticker Fund
Name		 Overlap1
vs RNDM
(%)		 Expense
ratio
(bp)		 Savings
vs RNDM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs RNDM
(%)
CIL VictoryShares International Volatility Weighted Index ETF 39.0 45 20 6.7 +0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 38.9 45 20 6.7 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 38.1 20 45 7.4 +1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 37.3 7 58 7.6 +1.3
SCHF Schwab International Equity ETF 37.0 6 59 7.4 +1.0
EFA iShares MSCI EAFE ETF 36.9 32 33 7.1 +0.8
GSID Goldman Sachs MarketBeta International Equity ETF 36.3 20 45 7.4 +1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 36.2 20 45 7.1 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 36.1 35 30 6.9 +0.5
JHMD John Hancock Multifactor Developed International ETF 35.9 39 26 7.5 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.9 25 40 6.6 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 35.7 30 35 6.9 +0.6
BKIE BNY Mellon International Equity ETF 35.6 4 61 7.4 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 35.1 5 60 7.3 +0.9
IEFA iShares Core MSCI EAFE ETF 35.0 7 58 7.3 +1.0
TPIF Timothy Plan International ETF 34.6 62 3 6.3 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 34.4 4 61 7.2 +0.8
VEA Vanguard FTSE Developed Markets ETF 34.1 5 60 7.4 +1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 33.8 25 40 6.5 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 33.8 30 35 6.9 +0.5
FLEE Franklin FTSE Europe ETF 33.3 9 56 7.0 +0.7
IEUR iShares Core MSCI Europe ETF 33.3 9 56 7.3 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 33.3 20 45 7.0 +0.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 33.3 35 30 8.6 +2.2
FLEH Franklin FTSE Europe Hedged ETF 33.1 9 56 7.1 +0.7
PDEV Principal International Multi-Factor Core Index ETF 33.1 25 40 7.9 +1.6
RBIN Nationwide Risk-Based International Equity ETF 33.0 42 23 6.2 -0.1
DWM WisdomTree International Equity Fund 32.8 48 17 8.4 +2.0
BBEU JPMorgan BetaBuilders Europe ETF 32.8 9 56 7.4 +1.0
FEU SPDR Portfolio Europe ETF 32.7 9 56 7.3 +1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 32.4 45 20 6.6 +0.3
SCID Global X Scientific Beta Europe ETF 32.1 39 26 6.5 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.9 45 20 8.8 +2.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 31.8 39 26 6.5 +0.2
VGK Vanguard FTSE Europe ETF 31.7 8 57 7.4 +1.1
IEV iShares Europe ETF 31.6 59 6 6.8 +0.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.4 20 45 5.5 -0.8
FNDF Schwab Fundamental International Large Co. Index ETF 31.1 25 40 8.8 +2.5
IDLV Invesco S&P International Developed Low Volatility ETF 31.0 25 40 6.8 +0.5
ACWX iShares MSCI ACWI ex U.S. ETF 31.0 32 33 7.3 +0.9
IQSI IQ Candriam ESG International Equity ETF 30.7 15 50 7.3 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 30.7 40 25 7.0 +0.7
DOL WisdomTree International LargeCap Dividend Fund 29.9 48 17 8.7 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 29.6 8 57 7.5 +1.2
ISZE iShares Edge MSCI Intl Size Factor ETF 29.6 30 35 7.4 +1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 29.5 24 41 7.2 +0.8
CWI SPDR MSCI ACWI ex-US ETF 29.4 30 35 7.2 +0.8
IXUS ishares Core MSCI Total International Stock ETF 28.8 9 56 7.4 +1.0
ISDX Invesco Strategic Developed ex-US ETF 28.2 23 42 7.4 +1.0
VXUS Vanguard Total International Stock Index Fund 28.0 8 57 7.5 +1.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 27.4 35 30 7.0 +0.6
IQIN IQ 500 International ETF 27.2 25 40 8.8 +2.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.8 45 20 7.1 +0.8
EUMV iShares Edge MSCI Min Vol Europe ETF 26.7 25 40 5.0 -1.3
EFG iShares MSCI EAFE Growth ETF 26.3 40 25 4.6 -1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.8 29 36 7.7 +1.4
IDY Pacific Global International Equity Income ETF 25.5 39 26 8.1 +1.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 25.4 30 35 0.0 -6.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.4 80 -15 6.6 +0.3
VSGX Vanguard ESG International Stock ETF 25.0 17 48 7.1 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.8 14 51 7.0 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 24.7 39 26 8.4 +2.1
EFV iShares MSCI EAFE Value ETF 24.7 39 26 9.7 +3.3
FDEV Fidelity Targeted International Factor ETF 24.5 39 26 6.6 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 24.5 37 28 7.9 +1.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 24.0 32 33 6.4 +0.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.5 30 35 6.1 -0.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.3 29 36 8.6 +2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 22.6 16 49 6.9 +0.6
EURZ Xtrackers Eurozone Equity ETF 22.2 9 56 7.1 +0.7
VYMI Vanguard International High Dividend Yield ETF 22.1 32 33 10.1 +3.7
VGFO Virtus WMC Global Factor Opportunities ETF 22.1 49 16 7.9 +1.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.8 45 20 6.7 +0.4
MVIN Natixis Seeyond International Minimum Volatility ETF 21.6 56 9 5.4 -1.0
DWMF WisdomTree International Multifactor Fund 21.5 38 27 6.8 +0.4
AVDE Avantis International Equity ETF 20.8 23 42 7.8 +1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 20.8 30 35 4.4 -1.9
EZU iShares MSCI Eurozone ETF 20.8 49 16 6.6 +0.3
QINT American Century Quality Diversified International ETF 20.4 39 26 5.7 -0.6
OEUR O'shares FTSE Europe Quality Dividend ETF 19.9 48 17 6.7 +0.4
IDMO Invesco S&P International Developed Momentum ETF 19.0 26 39 4.5 -1.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 18.7 42 23 5.3 -1.1
QWLD SPDR MSCI World StrategicFactors ETF 18.3 30 35 6.0 -0.3
IGRO iShares International Dividend Growth ETF 18.3 22 43 8.0 +1.7
DTH WisdomTree DEFA Equity Income Fund 17.9 58 7 9.8 +3.5
RFDI First Trust Riverfront Dynamic Developed International ETF 17.6 83 -18 5.7 -0.7
IVLU iShares Edge MSCI Intl Value Factor ETF 16.6 30 35 11.6 +5.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 16.6 35 30 8.7 +2.3
VPL Vanguard FTSE Pacific ETF 16.6 8 57 7.6 +1.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.5 30 35 8.8 +2.5
RFEU First Trust Riverfront Dynamic Europe ETF 16.2 83 -18 5.3 -1.0
VIGI Vanguard International Dividend Appreciation ETF 16.0 25 40 5.6 -0.7
JPMV iShares Edge MSCI Min Vol Japan ETF 16.0 30 35 6.6 +0.2
URTH iShares MSCI World ETF 15.9 24 41 5.5 -0.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 15.7 47 18 12.1 +5.8
IDHQ Invesco S&P International Developed Quality ETF 15.6 29 36 5.1 -1.2
TOK iShares MSCI Kokusai ETF 15.5 25 40 5.4 -1.0
IQDF FlexShares International Quality Dividend Index Fund 15.5 47 18 12.2 +5.9

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:		 Developed International Equity Select ETF
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 9.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.