Hartford Multifactor Developed Markets (ex-US) ETF
ALTAR
Score™
8.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.7x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Lattice Developed Markets (ex-US) Strategy ETF tracks an index that selects companies within developed markets outside of the US based on valuation, momentum, quality and other factors.

FUND BASICS
Category International Equities
Fund Sponsor Lattice Strategies
Website www.latticeetfs.com
Inception date Feb 25, 2015
Assets (mns) $2,145
Currency USD
Expense ratio 29 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 492
Wgt avg mkt cap (mns) $24,711
Large cap (>$10bn) 48.6%
Mid cap ($2-10bn) 49.1%
Small cap (<$2bn) 2.1%
Developed mkts 99.2%
Emerging mkts 0.8%

TOP TEN HOLDINGS
ASTELLAS PHARMA INC 0.9 %
ROYAL AHOLD DELHAIZE N.V. 0.8 %
NOVO NORDISK A/S-B 0.8 %
KDDI CORPORATION 0.8 %
ROCHE HOLDING AG-GENUSSCHEIN 0.8 %
MERCK KGAA 0.7 %
SMITH & NEPHEW PLC 0.7 %
NN GROUP NV 0.7 %
UNILEVER NV 0.6 %
QANTAS AIRWAYS LTD 0.6 %
Total 7.6 %

TOP COUNTRY EXPOSURE
JAPAN 24.0 %
BRITAIN 10.9 %
CANADA 10.4 %
AUSTRALIA 8.3 %
SWITZERLAND 6.2 %
FRANCE 6.0 %
GERMANY 5.0 %
NETHERLANDS 4.8 %
SWEDEN 2.9 %
DENMARK 2.7 %

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.
-17.3% -8.9% 1.4% -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.79 83%
MSCI EAFE 0.92 96%
MSCI Emg. Mkts. 0.69 83%

Technical Indicators
Recent close $25.16
30d moving avg. $23.20
Annualized volatility 14.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 655
Turnover 0.8%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $26,672

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Hartford Multifactor Developed Markets (ex-US) ETF ETF based on the alternatives' overlap in portfolio holdings with RODM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RODM Expense: 29 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RODM
Ticker Fund
Name
Overlap1
vs RODM
(%)
Expense
ratio
(bp)
Savings
vs RODM
(bp)
ALTAR
Score™
(%)
ALTAR
vs RODM
(%)
LVIN Hartford Multifactor Low Volatility International Equity ETF 46.8 29 0 12.4 +3.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 34.1 25 4 6.9 -1.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 33.8 24 5 7.3 -1.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 33.2 35 -6 8.7 -0.1
IQIN IQ 500 International ETF 32.7 25 4 9.2 +0.4
JPIN JPMorgan Diversified Return International Equity ETF 32.6 38 -9 8.0 -0.8
PDEV Principal International Multi-Factor Core Index ETF 32.5 25 4 8.0 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.5 39 -10 6.8 -2.0
FNDF Schwab Fundamental International Large Co. Index ETF 31.8 25 4 8.9 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 31.8 30 -1 6.9 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 31.2 45 -16 9.1 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 30.0 45 -16 6.8 -2.0
INTF iShares Edge MSCI Multifactor Intl ETF 29.8 30 -1 8.5 -0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 29.5 30 -1 7.1 -1.7
JPEU JPMorgan Diversified Return Europe Equity ETF 29.2 37 -8 7.0 -1.8
DWM WisdomTree International Equity Fund 29.2 48 -19 8.4 -0.4
JHMD John Hancock Multifactor Developed International ETF 29.1 45 -16 7.6 -1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.6 35 -6 8.7 -0.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 28.5 20 9 5.9 -2.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 28.5 48 -19 0.0 -8.8
JPGE JPMorgan Diversified Return Global Equity ETF 28.4 29 0 7.4 -1.4
SCHF Schwab International Equity ETF 28.1 6 23 7.5 -1.3
SPDW SPDR Portfolio Developed World ex-US ETF 27.8 4 25 7.4 -1.4
IDEV iShares Core MSCI International Developed Markets ETF 27.7 5 24 7.4 -1.4
IDY Pacific Global International Equity Income ETF 27.4 39 -10 8.2 -0.6
SCID Global X Scientific Beta Europe ETF 27.4 38 -9 7.1 -1.7
ISDX Invesco Strategic Developed ex-US ETF 27.4 23 6 7.6 -1.2
EFA iShares MSCI EAFE ETF 27.3 32 -3 7.3 -1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 27.3 29 0 8.2 -0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 27.1 35 -6 7.1 -1.7
EFV iShares MSCI EAFE Value ETF 26.9 39 -10 10.3 +1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.8 7 22 7.7 -1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 26.7 20 9 7.7 -1.1
VEA Vanguard FTSE Developed Markets ETF 26.6 5 24 7.6 -1.3
IEFA iShares Core MSCI EAFE ETF 26.5 7 22 7.4 -1.4
FDEV Fidelity Targeted International Factor ETF 26.5 39 -10 6.7 -2.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.5 45 -16 7.3 -1.5
ESGD iShares MSCI EAFE ESG Optimized ETF 26.4 20 9 7.3 -1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 26.2 32 -3 6.6 -2.3
IQSI IQ Candriam ESG International Equity ETF 25.7 15 14 7.5 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 25.4 20 9 7.4 -1.4
TPIF Timothy Plan International ETF 25.3 62 -33 7.1 -1.7
VYMI Vanguard International High Dividend Yield ETF 25.2 32 -3 10.4 +1.6
QINT American Century Quality Diversified International ETF 24.3 39 -10 6.0 -2.8
DIM WisdomTree International MidCap Dividend Fund 24.3 58 -29 7.8 -1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 24.0 83 -54 6.4 -2.4
DOL WisdomTree International LargeCap Dividend Fund 23.8 48 -19 8.7 -0.1
DTH WisdomTree DEFA Equity Income Fund 23.7 58 -29 9.8 +1.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.6 25 4 6.9 -1.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.6 14 15 7.1 -1.7
DWMF WisdomTree International Multifactor Fund 23.6 38 -9 6.9 -1.9
RNDM Developed International Equity Select ETF 23.5 65 -36 6.5 -2.3
CWI SPDR MSCI ACWI ex-US ETF 23.4 30 -1 7.8 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 23.2 32 -3 7.6 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 23.0 30 -1 11.4 +2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.9 40 -11 7.5 -1.3
VEU Vanguard FTSE All-World ex-US Index Fund 22.8 8 21 7.9 -0.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 22.7 39 -10 9.2 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.6 30 -1 6.3 -2.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 22.2 30 -1 7.0 -1.8
IXUS ishares Core MSCI Total International Stock ETF 22.1 9 20 7.7 -1.1
FLEE Franklin FTSE Europe ETF 22.0 9 20 7.2 -1.6
AVDE Avantis International Equity ETF 22.0 23 6 8.0 -0.8
IEUR iShares Core MSCI Europe ETF 22.0 9 20 7.5 -1.3
FLEH Franklin FTSE Europe Hedged ETF 21.9 9 20 7.3 -1.5
VSGX Vanguard ESG International Stock ETF 21.8 17 12 7.5 -1.3
VGK Vanguard FTSE Europe ETF 21.8 8 21 7.5 -1.3
VXUS Vanguard Total International Stock Index Fund 21.8 8 21 7.8 -1.0
EUMV iShares Edge MSCI Min Vol Europe ETF 21.6 25 4 5.6 -3.2
FDT First Trust Developed Markets ex-US Alphadex Fund 21.4 80 -51 7.9 -0.9
BBEU JPMorgan BetaBuilders Europe ETF 21.4 9 20 7.5 -1.4
FEU SPDR Portfolio Europe ETF 21.2 9 20 7.5 -1.3
IDLV Invesco S&P International Developed Low Volatility ETF 20.6 25 4 6.9 -1.9
IEV iShares Europe ETF 20.6 59 -30 7.0 -1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.5 45 -16 6.9 -1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.3 16 13 7.2 -1.6
RBIN Nationwide Risk-Based International Equity ETF 20.1 42 -13 6.5 -2.3
IPAC iShares Core MSCI Pacific ETF 20.0 9 20 7.5 -1.3
OEUR O'shares FTSE Europe Quality Dividend ETF 19.4 48 -19 6.7 -2.1
VIDI Vident International Equity Fund 19.4 59 -30 11.6 +2.8
FIVA Fidelity International Value Factor ETF 19.4 39 -10 10.4 +1.6
IDHQ Invesco S&P International Developed High Quality ETF 19.1 29 0 5.5 -3.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.1 47 -18 12.9 +4.1
MVIN Natixis Seeyond International Minimum Volatility ETF 18.8 55 -26 5.8 -3.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.7 20 9 11.1 +2.3
VPL Vanguard FTSE Pacific ETF 18.6 8 21 7.9 -0.9
IGRO iShares International Dividend Growth ETF 18.4 22 7 8.2 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 18.2 45 -16 6.9 -1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 17.6 25 4 7.6 -1.2
SCIJ Global X Scientific Beta Japan ETF 17.6 39 -10 7.1 -1.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.4 30 -1 5.0 -3.8
DDEZ WisdomTree Europe Multifactor Fund 17.2 43 -14 7.2 -1.6
EWJE iShares MSCI Japan Equal Weighted ETF 17.1 15 14 7.1 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 17.0 30 -1 6.1 -2.7
DOO WisdomTree International Dividend ex-Financials Fund 16.8 58 -29 8.8 +0.0
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 16.6 30 -1 7.6 -1.2
FLJP Franklin FTSE Japan ETF 16.6 9 20 7.8 -1.0
FLJH Franklin FTSE Japan Hedged ETF 16.4 9 20 7.7 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.4 20 9 9.4 +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:
Hartford Multifactor Developed Markets (ex-US) ETF
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 10.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.