Hartford Multifactor Developed Markets (ex-US) ETF
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.4x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.3%


  • 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) $2,056
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 497
Wgt avg mkt cap (mns) $26,987
Large cap (>$10bn) 55.9%
Mid cap ($2-10bn) 42.8%
Small cap (<$2bn) 0.8%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 0.8 %
NOVO NORDISK A/S-B 0.8 %
MERCK KGAA 0.8 %
INVESTOR AB-B SHS 0.7 %
ROYAL AHOLD DELHAIZE N.V. 0.7 %
SWISSCOM AG 0.7 %
UNILEVER NV 0.7 %
LOBLAW COMPANIES LTD 0.7 %
WESFARMERS LIMITED 0.7 %
FORTESCUE METALS GROUP LTD 0.7 %
Total 7.3 %

TOP COUNTRY EXPOSURE
JAPAN 21.7 %
CANADA 10.7 %
BRITAIN 8.3 %
AUSTRALIA 8.2 %
SWITZERLAND 8.0 %
FRANCE 5.7 %
GERMANY 5.2 %
NETHERLANDS 5.1 %
HONG KONG 4.9 %
SWEDEN 3.9 %

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.
-8.9% 0.1% 4.6% -- 3.6%

Market Correlations
versus... Beta R-squared
S&P500 0.79 84%
MSCI EAFE 0.92 96%
MSCI Emg. Mkts. 0.66 79%

Technical Indicators
Recent close $26.48
30d moving avg. $26.25
Annualized volatility 15.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 431
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $10,434

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.6%


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 42.5 29 0 11.4 +3.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 35.7 24 5 7.0 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.4 25 4 6.6 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.8 45 -16 6.5 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 33.7 45 -16 6.6 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 33.0 30 -1 6.7 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.3 39 -10 6.4 -1.2
PDEV Principal International Multi-Factor Core Index ETF 31.9 25 4 7.7 +0.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.6 29 0 7.4 -0.1
SCID Global X Scientific Beta Europe ETF 31.5 39 -10 6.3 -1.3
DWMF WisdomTree International Multifactor Fund 31.1 38 -9 6.2 -1.4
JPIN JPMorgan Diversified Return International Equity ETF 31.0 37 -8 7.7 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 30.7 20 9 5.4 -2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 30.2 30 -1 7.1 -0.5
INTF iShares Edge MSCI Multifactor Intl ETF 29.8 30 -1 7.7 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 29.6 25 4 8.6 +1.1
IDLV Invesco S&P International Developed Low Volatility ETF 29.4 25 4 6.6 -1.0
IQIN IQ 500 International ETF 29.4 25 4 8.5 +0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 29.2 45 -16 7.0 -0.6
JHMD John Hancock Multifactor Developed International ETF 29.2 39 -10 7.2 -0.3
DWM WisdomTree International Equity Fund 29.1 48 -19 8.2 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.9 45 -16 8.7 +1.1
FDEV Fidelity Targeted International Factor ETF 28.6 39 -10 6.3 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.5 35 -6 8.5 +0.9
RNDM Developed International Equity Select ETF 28.5 65 -36 6.2 -1.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.5 32 -3 5.9 -1.7
SCHF Schwab International Equity ETF 28.5 6 23 7.2 -0.4
TPIF Timothy Plan International ETF 28.5 62 -33 6.1 -1.5
IDEV iShares Core MSCI International Developed Markets ETF 28.4 5 24 7.1 -0.5
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 28.1 30 -1 0.0 -7.6
SPDW SPDR Portfolio Developed World ex-US ETF 27.6 4 25 7.0 -0.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 27.5 35 -6 8.5 +0.9
IDY Pacific Global International Equity Income ETF 27.2 39 -10 7.9 +0.3
VEA Vanguard FTSE Developed Markets ETF 27.2 5 24 7.3 -0.3
BKIE BNY Mellon International Equity ETF 27.0 4 25 7.3 -0.3
EFA iShares MSCI EAFE ETF 26.9 32 -3 6.9 -0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 26.6 20 9 6.8 -0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 26.6 20 9 7.3 -0.3
GSID Goldman Sachs MarketBeta International Equity ETF 26.6 20 9 7.1 -0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 26.6 35 -6 6.7 -0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.5 7 22 7.4 -0.2
VGFO Virtus WMC Global Factor Opportunities ETF 26.5 49 -20 7.9 +0.3
IEFA iShares Core MSCI EAFE ETF 26.4 7 22 7.1 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.1 20 9 6.9 -0.7
RBIN Nationwide Risk-Based International Equity ETF 25.9 42 -13 6.0 -1.6
ISDX Invesco Strategic Developed ex-US ETF 25.4 23 6 7.2 -0.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.3 25 4 6.3 -1.3
EFV iShares MSCI EAFE Value ETF 25.2 39 -10 9.5 +1.9
IQSI IQ Candriam ESG International Equity ETF 25.0 15 14 7.2 -0.4
DIM WisdomTree International MidCap Dividend Fund 24.6 58 -29 7.4 -0.1
QINT American Century Quality Diversified International ETF 24.3 39 -10 6.0 -1.5
VYMI Vanguard International High Dividend Yield ETF 23.7 27 2 10.1 +2.5
AVDE Avantis International Equity ETF 23.5 23 6 7.5 -0.1
VSGX Vanguard ESG International Stock ETF 23.4 17 12 7.0 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 23.1 32 -3 7.2 -0.4
DOL WisdomTree International LargeCap Dividend Fund 23.1 48 -19 8.6 +1.0
FDT First Trust Developed Markets ex-US Alphadex Fund 23.0 80 -51 7.2 -0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.0 30 -1 5.9 -1.7
CWI SPDR MSCI ACWI ex-US ETF 22.9 30 -1 7.1 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 22.9 8 21 7.5 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.8 40 -11 7.0 -0.6
IXUS ishares Core MSCI Total International Stock ETF 22.1 9 20 7.3 -0.3
MVIN Natixis Seeyond International Minimum Volatility ETF 22.0 56 -27 5.5 -2.1
DTH WisdomTree DEFA Equity Income Fund 21.9 58 -29 9.7 +2.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.9 14 15 6.8 -0.8
IEUR iShares Core MSCI Europe ETF 21.7 9 20 7.1 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 21.7 80 -51 6.4 -1.2
VGK Vanguard FTSE Europe ETF 21.7 8 21 7.2 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.6 39 -10 8.1 +0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 21.6 30 -1 0.0 -7.6
VXUS Vanguard Total International Stock Index Fund 21.5 8 21 7.4 -0.1
FEU SPDR Portfolio Europe ETF 21.4 9 20 7.1 -0.5
FLEE Franklin FTSE Europe ETF 21.4 9 20 6.8 -0.7
FLEH Franklin FTSE Europe Hedged ETF 21.2 9 20 7.0 -0.6
BBEU JPMorgan BetaBuilders Europe ETF 20.9 9 20 7.2 -0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 20.8 30 -1 11.3 +3.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.4 45 -16 6.5 -1.1
IEV iShares Europe ETF 20.0 59 -30 6.7 -0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.9 35 -6 6.8 -0.8
IPAC iShares Core MSCI Pacific ETF 19.5 9 20 7.1 -0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.4 30 -1 4.3 -3.3
VIDI Vident International Equity Fund 19.3 59 -30 11.0 +3.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 19.1 16 13 6.8 -0.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.0 47 -18 9.0 +1.5
OEUR O'shares FTSE Europe Quality Dividend ETF 18.8 48 -19 6.5 -1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.5 20 9 11.2 +3.6
IDHQ Invesco S&P International Developed Quality ETF 18.2 29 0 4.9 -2.6
IGRO iShares International Dividend Growth ETF 18.1 22 7 7.9 +0.3
IQDF FlexShares International Quality Dividend Index Fund 17.9 47 -18 8.9 +1.3
QWLD SPDR MSCI World StrategicFactors ETF 17.8 30 -1 6.3 -1.3
FIVA Fidelity International Value Factor ETF 17.7 39 -10 9.6 +2.0
VPL Vanguard FTSE Pacific ETF 17.4 8 21 7.4 -0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 17.3 20 9 9.6 +2.0
RFDI First Trust Riverfront Dynamic Developed International ETF 16.7 83 -54 5.6 -2.0
IDMO Invesco S&P International Developed Momentum ETF 16.4 26 3 4.5 -3.1
FEP First Trust Europe AlphaDEX Fund 16.4 80 -51 7.1 -0.4
EFG iShares MSCI EAFE Growth ETF 15.6 40 -11 4.4 -3.2
SCIJ Global X Scientific Beta Japan ETF 15.6 40 -11 6.8 -0.8

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 Developed Markets (ex-US) ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 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.