Developed International Equity Select ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 19.8x 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) $27
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) $37,351
Large cap (>$10bn) 64.5%
Mid cap ($2-10bn) 34.8%
Small cap (<$2bn) 0.5%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
ABC-MART INC 1.5 %
BRIDGESTONE CORP 1.3 %
CRODA INTERNATIONAL PLC 1.3 %
JAPAN TOBACCO INC 1.3 %
MEIJI HOLDINGS CO LTD 1.3 %
TOYOTA MOTOR CORP 1.2 %
SONOVA HOLDING AG-REG 1.2 %
MITSUBISHI CORP 1.2 %
LONZA GROUP AG-REG 1.2 %
TMX GROUP INC 1.1 %
Total 12.5 %

TOP COUNTRY EXPOSURE
JAPAN 20.5 %
BRITAIN 11.5 %
SWITZERLAND 10.4 %
FRANCE 9.1 %
CANADA 7.4 %
GERMANY 7.3 %
AUSTRALIA 6.0 %
SOUTH KOREA 4.3 %
NETHERLANDS 3.7 %
SWEDEN 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.4% -7.7% -- -- -2.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 79%
MSCI EAFE 0.88 94%
MSCI Emg. Mkts. 0.65 78%

Technical Indicators
Recent close $45.79
30d moving avg. $42.30
Annualized volatility 14.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $28,511

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.4%


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 38.4 45 20 6.7 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 37.7 20 45 7.5 +1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 36.7 7 58 7.6 +1.2
SCHF Schwab International Equity ETF 36.7 6 59 7.4 +1.0
EFA iShares MSCI EAFE ETF 36.3 32 33 7.2 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 35.9 35 30 7.0 +0.7
JHMD John Hancock Multifactor Developed International ETF 35.7 45 20 7.4 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 35.6 20 45 7.3 +0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 34.8 25 40 6.8 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 34.8 5 60 7.3 +0.9
IEFA iShares Core MSCI EAFE ETF 34.7 7 58 7.3 +0.9
QEFA SPDR MSCI EAFE Quality Mix ETF 34.6 30 35 6.8 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 34.2 4 61 7.2 +0.9
VEA Vanguard FTSE Developed Markets ETF 34.1 5 60 7.4 +1.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 33.2 30 35 6.8 +0.5
RBIN Nationwide Risk-Based International Equity ETF 33.1 42 23 6.5 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 33.1 35 30 8.6 +2.2
IEUR iShares Core MSCI Europe ETF 33.0 9 56 7.3 +0.9
FLEE Franklin FTSE Europe ETF 33.0 9 56 7.0 +0.6
FLEH Franklin FTSE Europe Hedged ETF 32.9 9 56 7.2 +0.8
DWM WisdomTree International Equity Fund 32.7 48 17 8.2 +1.9
PDEV Principal International Multi-Factor Core Index ETF 32.7 25 40 7.9 +1.5
BBEU JPMorgan BetaBuilders Europe ETF 32.5 9 56 7.3 +0.9
FEU SPDR Portfolio Europe ETF 32.4 9 56 7.3 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 32.4 20 45 7.2 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 32.2 25 40 6.7 +0.3
IDLV Invesco S&P International Developed Low Volatility ETF 32.1 25 40 6.9 +0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 31.7 45 20 6.8 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.7 20 45 5.9 -0.5
VGK Vanguard FTSE Europe ETF 31.7 8 57 7.3 +0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.7 45 20 8.8 +2.5
IQSI IQ Candriam ESG International Equity ETF 31.7 15 50 7.3 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 31.4 25 40 8.7 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 31.1 32 33 7.5 +1.1
IEV iShares Europe ETF 31.1 59 6 6.8 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 31.0 39 26 6.7 +0.3
SCID Global X Scientific Beta Europe ETF 30.7 38 27 6.9 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 30.6 40 25 7.4 +1.0
TPIF Timothy Plan International ETF 30.2 62 3 7.0 +0.6
DOL WisdomTree International LargeCap Dividend Fund 29.9 48 17 8.5 +2.2
VEU Vanguard FTSE All-World ex-US Index Fund 29.8 8 57 7.7 +1.4
JPEU JPMorgan Diversified Return Europe Equity ETF 29.7 37 28 6.8 +0.4
CWI SPDR MSCI ACWI ex-US ETF 29.6 30 35 7.6 +1.3
IXUS ishares Core MSCI Total International Stock ETF 29.2 9 56 7.6 +1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 28.9 80 -15 6.0 -0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 28.8 30 35 6.9 +0.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 28.8 24 41 7.2 +0.8
VXUS Vanguard Total International Stock Index Fund 28.4 8 57 7.7 +1.3
EFG iShares MSCI EAFE Growth ETF 28.3 40 25 4.7 -1.6
ISDX Invesco Strategic Developed ex-US ETF 27.3 23 42 7.4 +1.1
IQIN IQ 500 International ETF 27.3 25 40 9.0 +2.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 27.1 48 17 0.0 -6.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.6 45 20 7.2 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.0 14 51 7.0 +0.6
EUMV iShares Edge MSCI Min Vol Europe ETF 25.8 25 40 5.5 -0.9
VSGX Vanguard ESG International Stock ETF 25.6 17 48 7.4 +1.0
IDY Pacific Global International Equity Income ETF 25.4 39 26 8.0 +1.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.3 32 33 6.5 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 25.1 39 26 9.1 +2.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 24.6 45 20 6.9 +0.5
FDEV Fidelity Targeted International Factor ETF 24.6 39 26 6.5 +0.1
JPIN JPMorgan Diversified Return International Equity ETF 24.4 38 27 8.0 +1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.6 16 49 7.1 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.5 29 36 8.6 +2.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 23.4 29 36 8.1 +1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 22.4 83 -18 6.3 -0.0
JPGE JPMorgan Diversified Return Global Equity ETF 22.3 29 36 7.3 +1.0
EFV iShares MSCI EAFE Value ETF 22.3 39 26 10.0 +3.6
VYMI Vanguard International High Dividend Yield ETF 22.1 32 33 10.1 +3.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.1 30 35 6.2 -0.2
EURZ Xtrackers Eurozone Equity ETF 21.8 9 56 7.0 +0.7
DWMF WisdomTree International Multifactor Fund 21.7 38 27 6.8 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.4 45 20 6.8 +0.4
MVIN Natixis Seeyond International Minimum Volatility ETF 21.2 55 10 5.8 -0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 20.5 30 35 5.0 -1.4
AVDE Avantis International Equity ETF 20.4 23 42 7.9 +1.5
DDEZ WisdomTree Europe Multifactor Fund 20.3 43 22 7.2 +0.8
QINT American Century Quality Diversified International ETF 20.1 39 26 5.9 -0.5
EZU iShares MSCI Eurozone ETF 20.0 49 16 6.7 +0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 19.7 48 17 6.6 +0.2
IDMO Invesco S&P International Developed Momentum ETF 18.6 25 40 4.7 -1.7
IGRO iShares International Dividend Growth ETF 18.4 22 43 8.0 +1.6
DTH WisdomTree DEFA Equity Income Fund 18.1 58 7 9.6 +3.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 18.0 42 23 5.6 -0.8
VIGI Vanguard International Dividend Appreciation ETF 17.8 25 40 5.9 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 17.8 30 35 6.0 -0.3
JPMV iShares Edge MSCI Min Vol Japan ETF 17.6 30 35 6.9 +0.5
RFEU First Trust Riverfront Dynamic Europe ETF 17.5 83 -18 5.0 -1.4
IDHQ Invesco S&P International Developed High Quality ETF 17.5 29 36 5.4 -1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.4 35 30 8.6 +2.2
IVLU iShares Edge MSCI Intl Value Factor ETF 17.0 30 35 11.3 +4.9
VPL Vanguard FTSE Pacific ETF 16.8 8 57 7.8 +1.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 16.3 47 18 12.7 +6.4
URTH iShares MSCI World ETF 15.9 24 41 5.8 -0.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 15.4 30 35 7.4 +1.0
PIZ Invesco DWA Developed Markets Momentum ETF 15.4 80 -15 4.3 -2.1
FIVA Fidelity International Value Factor ETF 15.4 39 26 10.2 +3.8
IPAC iShares Core MSCI Pacific ETF 15.3 9 56 7.5 +1.1
TOK iShares MSCI Kokusai ETF 15.3 25 40 5.7 -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

  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 9.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.65 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.