Hartford Multifactor Emerging Markets ETF
ALTAR
Score™
13.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.2x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Hartford Multifactor Emerging Markets ETF seeks to provide investment results that, before fees and expenses, correspond to the total return performance of Hartford Risk-Optimized Multifactor Emerging Markets Index, which tracks the performance of emerging market equity securities.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Hartford
Website www.hartfordfunds.com
Inception date Feb 25, 2015
Assets (mns) $42
Currency USD
Expense ratio 44 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 334
Wgt avg mkt cap (mns) $36,150
Large cap (>$10bn) 52.2%
Mid cap ($2-10bn) 32.6%
Small cap (<$2bn) 14.3%
Developed mkts 4.7%
Emerging mkts 95.3%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 1.2 %
HON HAI PRECISION INDUSTRY 1.0 %
GREAT WALL MOTOR COMPANY-H 1.0 %
PING AN INSURANCE GROUP CO-H 1.0 %
VIPSHOP HOLDINGS LTD SPONSORED ADR 1.0 %
BANK OF CHINA LTD - H 1.0 %
INFOSYS TECHNOLOGIES-SP ADR 1.0 %
WEICHAI POWER CO LTD-H 1.0 %
CHINA CONSTRUCTION BANK-H 1.0 %
BANK OF COMMUNICATIONS CO-H 1.0 %
Total 10.1 %

TOP COUNTRY EXPOSURE
CHINA 21.0 %
TAIWAN 15.5 %
SOUTH KOREA 11.1 %
BRAZIL 4.4 %
MALAYSIA 4.3 %
THAILAND 4.3 %
MEXICO 4.1 %
INDIA 4.0 %
HONG KONG 3.9 %
SOUTH AFRICA 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.3% -4.6% 3.1% -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.80 55%
MSCI EAFE 0.99 71%
MSCI Emg. Mkts. 0.87 88%

Technical Indicators
Recent close $19.27
30d moving avg. $20.19
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $8,508

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the Hartford Multifactor Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with ROAM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ROAM Expense: 44 bp ALTAR Score™: 13.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROAM
Ticker Fund
Name
Overlap1
vs ROAM
(%)
Expense
ratio
(bp)
Savings
vs ROAM
(bp)
ALTAR
Score™
(%)
ALTAR
vs ROAM
(%)
JHEM John Hancock Multifactor Emerging Markets ETF 30.9 49 -5 8.9 -4.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 29.1 29 15 11.6 -2.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 27.3 39 5 13.7 +0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 26.9 45 -1 7.8 -5.7
PXH Invesco FTSE RAFI Emerging Markets ETF 26.4 50 -6 14.1 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 26.2 49 -5 8.1 -5.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 25.8 65 -21 7.7 -5.9
BKEM BNY Mellon Emerging Markets Equity ETF 25.6 11 33 8.7 -4.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 25.3 30 14 8.0 -5.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.2 30 14 9.0 -4.5
AVEM Avantis Emerging Markets Equity ETF 25.2 33 11 9.3 -4.3
EEM iShares MSCI Emerging Markets ETF 24.4 68 -24 7.7 -5.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.2 50 -6 10.8 -2.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 24.1 15 29 9.0 -4.6
SPEM SPDR Portfolio Emerging Markets ETF 23.7 11 33 8.2 -5.3
DVEM WisdomTree Emerging Markets Dividend Fund 23.6 32 12 7.5 -6.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 23.5 29 15 10.3 -3.3
EEMA iShares MSCI Emerging Markets Asia ETF 23.4 50 -6 7.9 -5.7
IEMG iShares Core MSCI Emerging Markets ETF 23.3 13 31 8.2 -5.4
EMMF WisdomTree Emerging Markets Multifactor Fund 23.2 48 -4 9.8 -3.8
ESGE iShares ESG MSCI EM ETF 22.1 25 19 8.9 -4.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 22.1 25 19 8.1 -5.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 22.1 32 12 6.1 -7.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 21.7 45 -1 14.9 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.7 32 12 9.3 -4.3
SCHE Schwab Emerging Markets Equity ETF 21.3 11 33 8.2 -5.3
FLAX Franklin FTSE Asia Ex Japan ETF 21.1 19 25 8.0 -5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.1 59 -15 11.5 -2.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.0 68 -24 7.3 -6.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.0 45 -1 9.3 -4.3
RNEM Emerging Markets Equity Select ETF 20.9 75 -31 12.4 -1.1
ISEM Invesco Strategic Emerging Markets ETF 20.4 35 9 11.2 -2.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 20.4 49 -5 7.9 -5.6
GMF SPDR S&P Emerging Asia Pacific ETF 20.4 49 -5 7.6 -5.9
EMXC iShares MSCI Emerging Markets ex China ETF 20.3 25 19 8.4 -5.2
DEM WisdomTree Emerging Markets High Dividend Fund 19.9 63 -19 15.5 +2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 19.7 44 0 9.2 -4.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 19.7 36 8 7.8 -5.8
VWO Vanguard FTSE Emerging Markets ETF 19.6 10 34 8.3 -5.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 19.1 40 4 7.5 -6.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 18.6 45 -1 8.9 -4.7
XCEM Columbia EM Core ex-China ETF 18.3 16 28 7.4 -6.1
VIDI Vident International Equity Fund 17.4 59 -15 11.4 -2.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 17.0 20 24 7.0 -6.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 16.6 95 -51 8.5 -5.1
BKF iShares MSCI BRIC ETF 15.6 69 -25 7.8 -5.8
BICK First Trust BICK Index Fund 15.5 64 -20 4.7 -8.9
MCHI iShares MSCI China ETF 14.5 59 -15 8.2 -5.4
GXC SPDR S&P China ETF 14.4 59 -15 8.5 -5.1
FLCH Franklin FTSE China ETF 13.6 19 25 8.7 -4.9
FEM First Trust Emerging Markets AlphaDEX Fund 13.4 80 -36 14.4 +0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 13.2 45 -1 7.2 -6.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 13.0 51 -7 15.1 +1.5
KALL KraneShares FTSE Emerging Markets Plus ETF 12.7 49 -5 8.4 -5.2
CN Xtrackers MSCI All China Equity ETF 12.6 50 -6 8.5 -5.1
EEMO Invesco S&P Emerging Markets Momentum ETF 12.5 29 15 6.6 -7.0
FRDM Freedom 100 Emerging Markets ETF 12.4 49 -5 7.0 -6.6
EDIV SPDR S&P Emerging Markets Dividend ETF 11.8 49 -5 12.3 -1.3
AIA iShares Asia 50 ETF 11.7 50 -6 8.3 -5.3
FXI iShares China Large-Cap ETF 11.6 74 -30 14.3 +0.7
PIE Invesco DWA Emerging Markets Momentum ETF 11.4 90 -46 5.1 -8.5
DVYE iShares Emerging Markets Dividend ETF 11.2 49 -5 17.8 +4.2
FLLA Franklin FTSE Latin America ETF 11.0 19 25 6.9 -6.6
EMFM Global X MSCI Next Emerging & Frontier ETF 11.0 66 -22 9.2 -4.4
EWT iShares MSCI Taiwan ETF 10.8 59 -15 6.3 -7.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 10.4 74 -30 14.1 +0.5
VSGX Vanguard ESG International Stock ETF 10.3 17 27 7.2 -6.4
VYMI Vanguard International High Dividend Yield ETF 10.1 27 17 10.5 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 10.1 32 12 7.4 -6.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.0 40 4 7.1 -6.4
FLTW Franklin FTSE Taiwan ETF 9.8 19 25 6.5 -7.1
VEU Vanguard FTSE All-World ex-US Index Fund 9.1 8 36 7.7 -5.9
IXUS ishares Core MSCI Total International Stock ETF 9.1 9 35 7.5 -6.1
CHIL Global X MSCI China Large-Cap 50 ETF 8.7 29 15 8.1 -5.5
CHIX Global X China Financials ETF 8.6 66 -22 21.0 +7.5
VXUS Vanguard Total International Stock Index Fund 8.6 8 36 7.6 -5.9
ECON Columbia Emerging Markets Consumer ETF 8.6 59 -15 4.7 -8.9
CWI SPDR MSCI ACWI ex-US ETF 8.3 30 14 7.3 -6.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 8.1 32 12 6.2 -7.4
ACWF iShares FactorSelect MSCI Global ETF 8.1 35 9 8.2 -5.4
IQDF FlexShares International Quality Dividend Index Fund 8.0 47 -3 9.2 -4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.0 16 28 7.0 -6.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.6 20 24 11.7 -1.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.4 60 -16 11.0 -2.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.4 63 -19 13.1 -0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.3 47 -3 9.3 -4.3
FLN First Trust Latin America AlphaDEX Fund 7.2 80 -36 8.4 -5.2
ASEA Global X Southeast Asia ETF 7.0 65 -21 11.1 -2.5
EYLD Cambria Emerging Shareholder Yield ETF 7.0 69 -25 18.9 +5.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.9 60 -16 4.5 -9.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.9 47 -3 9.4 -4.2
SDEM Global X SuperDividend Emerging Markets ETF 6.6 66 -22 18.9 +5.3
NXTG First Trust Indxx NextG ETF 6.5 70 -26 6.1 -7.4
FLKR Franklin FTSE South Korea ETF 6.2 9 35 9.1 -4.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 6.1 60 -16 9.3 -4.3
FNI First Trust Chindia ETF 6.0 60 -16 2.7 -10.9
DEW WisdomTree Global High Dividend Fund 6.0 58 -14 9.8 -3.8

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:
Hartford Multifactor Emerging Markets ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 44 bp
Equals: ALTAR Score 13.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.44
 
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.