Hartford Multifactor Emerging Markets
ALTAR
Score™
11.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
10.4x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
4.3%


  • 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 26, 2015
Assets (mns) $68
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 335
Wgt avg mkt cap (mns) $25,657
Large cap (>$10bn) 49.1%
Mid cap ($2-10bn) 37.5%
Small cap (<$2bn) 12.3%
Developed mkts 4.7%
Emerging mkts 95.3%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 1.2 %
GREAT WALL MOTOR COMPANY-H 1.2 %
ANHUI CONCH CEMENT CO LTD-H 1.0 %
HYNIX SEMICONDUCTOR INC 1.0 %
OIL COMPANY LUKOIL PJSC SPONSORED 1.0 %
HON HAI PRECISION INDUSTRY 1.0 %
PING AN INSURANCE GROUP CO-H 0.9 %
TELEFONICA BRASIL SA PFD 0.9 %
SINOPHARM GROUP CO-H 0.9 %
BANK OF CHINA LTD - H 0.9 %
Total 10.0 %

TOP COUNTRY EXPOSURE
CHINA 18.3 %
TAIWAN 13.3 %
SOUTH KOREA 12.0 %
BRAZIL 7.2 %
THAILAND 5.9 %
INDONESIA 4.6 %
HONG KONG 4.6 %
MALAYSIA 4.3 %
SOUTH AFRICA 3.7 %
PHILIPPINES 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.2% 7.1% -- -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.58 27%
MSCI EAFE 0.92 57%
MSCI Emg. Mkts. 0.87 84%

Technical Indicators
Recent close $22.73
30d moving avg. $22.85
Annualized volatility 13.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.40%
ADV underlying (mns) $6,737

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Hartford Multifactor Emerging Markets 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™: 11.2%


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 33.6 55 -11 8.9 -2.3
DVEM WisdomTree Emerging Markets Dividend 32.8 32 12 11.3 +0.1
LVIN Hartford Multifactor Low Volatility Int'l Equity 30.3 29 15 7.9 -3.3
PXH Invesco FTSE-RAFI Emerging Markets 29.1 50 -6 12.5 +1.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 29.0 30 14 8.6 -2.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 28.8 49 -5 9.1 -2.1
DBEM Xtrackers MSCI Emg. Mkts. Hedged 27.8 65 -21 8.5 -2.7
EMMF WisdomTree Emerging Markets Multifactor Fund 27.7 48 -4 10.1 -1.2
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 27.7 45 -1 9.2 -2.0
FNDE Schwab Fundamental Emg Mkt Large Cap 27.3 39 5 11.2 -0.1
EEM iShares MSCI Emerging Markets 27.2 67 -23 8.6 -2.6
PBEE Invesco PureBeta FTSE Emerging Markets 26.8 14 30 9.3 -1.9
IEMG iShares Core MSCI Emerging Markets 26.1 14 30 8.7 -2.5
QEMM SPDR MSCI Emerging Markets Quality Mix 26.0 30 14 9.3 -1.9
EMXC iShares MSCI Emerging Markets ex China 26.0 49 -5 8.7 -2.5
REEM Invesco Emerging Markets Revenue ETF 25.7 46 -2 11.8 +0.6
EELV Invesco S&P Emg Mkts Low Volatility 25.5 29 15 10.2 -1.0
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 25.2 45 -1 8.8 -2.4
CEZ Victory CEMP Emerging Market Volatility Weighted 25.0 50 -6 9.2 -2.0
EEMA iShares MSCI Emg Mkts Asia 24.7 50 -6 8.8 -2.4

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 44 bp
Equals: ALTAR Score 11.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.49
 
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.