Hartford Multifactor Developed Markets (ex-US) ETF
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.9x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.1%


  • 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) $2,047
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) $24,832
Large cap (>$10bn) 52.4%
Mid cap ($2-10bn) 46.0%
Small cap (<$2bn) 1.1%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
MERCK KGAA 0.8 %
INVESTOR AB-B SHS 0.7 %
WESFARMERS LIMITED 0.7 %
NOVO NORDISK A/S-B 0.7 %
SWISSCOM AG 0.7 %
BLUESCOPE STEEL LTD 0.7 %
UNILEVER NV 0.7 %
ROCHE HOLDING AG-GENUSSCHEIN 0.7 %
LOBLAW COMPANIES LTD 0.7 %
ROYAL AHOLD DELHAIZE N.V. 0.6 %
Total 6.9 %

TOP COUNTRY EXPOSURE
JAPAN 21.1 %
CANADA 10.8 %
AUSTRALIA 8.5 %
BRITAIN 8.5 %
SWITZERLAND 7.4 %
FRANCE 5.7 %
HONG KONG 5.1 %
GERMANY 4.9 %
NETHERLANDS 4.9 %
SWEDEN 4.0 %

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.
-13.4% -9.9% 3.0% -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.78 83%
MSCI EAFE 0.92 96%
MSCI Emg. Mkts. 0.66 77%

Technical Indicators
Recent close $27.74
30d moving avg. $26.49
Annualized volatility 15.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 628
Turnover 0.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $18,678

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 7.3%


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 41.5 29 0 10.9 +3.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 38.3 24 5 6.7 -0.7
CIL VictoryShares International Volatility Weighted Index ETF 36.2 45 -16 6.5 -0.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 34.9 25 4 6.3 -1.1
PDEV Principal International Multi-Factor Core Index ETF 34.3 25 4 7.3 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.7 45 -16 6.5 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 32.0 30 -1 6.3 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.6 29 0 7.3 +0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 31.3 39 -10 6.1 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 30.8 37 -8 7.3 +0.0
DWMF WisdomTree International Multifactor Fund 30.4 38 -9 6.2 -1.2
IDLB Invesco FTSE International Low Beta Equal Weight ETF 30.4 45 -16 6.2 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.1 35 -6 8.3 +1.0
DWM WisdomTree International Equity Fund 29.9 48 -19 8.1 +0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 29.9 20 9 5.1 -2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 29.6 30 -1 6.6 -0.8
INTF iShares Edge MSCI Multifactor Intl ETF 29.5 30 -1 7.6 +0.2
IDLV Invesco S&P International Developed Low Volatility ETF 29.0 25 4 6.2 -1.1
IQIN IQ 500 International ETF 28.7 25 4 7.8 +0.5
TPIF Timothy Plan International ETF 28.4 62 -33 6.1 -1.2
FNDF Schwab Fundamental International Large Co. Index ETF 28.4 25 4 8.0 +0.7
JHMD John Hancock Multifactor Developed International ETF 28.3 39 -10 6.8 -0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 28.0 45 -16 8.0 +0.7
SCHF Schwab International Equity ETF 27.7 6 23 6.8 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 27.7 5 24 6.7 -0.7
FDEV Fidelity Targeted International Factor ETF 27.6 39 -10 6.2 -1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 27.6 32 -3 5.8 -1.6
RESD WisdomTree International ESG Fund 27.4 30 -1 6.4 -0.9
IDY Pacific Global International Equity Income ETF 26.9 39 -10 8.7 +1.3
SPDW SPDR Portfolio Developed World ex-US ETF 26.7 4 25 6.5 -0.8
VGFO Virtus WMC Global Factor Opportunities ETF 26.6 49 -20 7.6 +0.2
VEA Vanguard FTSE Developed Markets ETF 26.5 5 24 6.9 -0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.5 35 -6 8.2 +0.9
BKIE BNY Mellon International Equity ETF 26.4 4 25 6.8 -0.5
RNDM Developed International Equity Select ETF 26.4 65 -36 5.8 -1.5
EFA iShares MSCI EAFE ETF 26.2 32 -3 6.5 -0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 26.2 35 -6 6.4 -0.9
HFXI IQ 50 Percent Hedged FTSE International ETF 26.1 20 9 6.9 -0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 26.0 20 9 6.4 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 25.9 20 9 6.8 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 25.8 7 22 6.9 -0.5
IEFA iShares Core MSCI EAFE ETF 25.6 7 22 6.7 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 25.3 20 9 6.6 -0.8
RBIN Nationwide Risk-Based International Equity ETF 25.1 42 -13 6.1 -1.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 24.9 25 4 6.1 -1.2
IQSI IQ Candriam ESG International Equity ETF 24.8 15 14 6.9 -0.5
AVDE Avantis International Equity ETF 24.6 23 6 7.1 -0.3
EFV iShares MSCI EAFE Value ETF 24.5 39 -10 8.7 +1.4
DOL WisdomTree International LargeCap Dividend Fund 24.4 48 -19 8.5 +1.1
ISDX Invesco Strategic Developed ex-US ETF 24.3 23 6 6.6 -0.7
VSGX Vanguard ESG International Stock ETF 24.1 17 12 6.7 -0.6
QINT American Century Quality Diversified International ETF 23.9 39 -10 6.0 -1.4
VYMI Vanguard International High Dividend Yield ETF 23.5 27 2 9.4 +2.1
DTH WisdomTree DEFA Equity Income Fund 23.4 58 -29 9.5 +2.2
DIM WisdomTree International MidCap Dividend Fund 23.2 58 -29 7.0 -0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.5 30 -1 5.6 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.4 40 -11 6.6 -0.7
ACWX iShares MSCI ACWI ex U.S. ETF 22.3 32 -3 6.7 -0.6
CWI SPDR MSCI ACWI ex-US ETF 22.1 30 -1 6.7 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 22.1 8 21 7.0 -0.3
IXUS ishares Core MSCI Total International Stock ETF 21.4 9 20 6.9 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.3 14 15 6.4 -0.9
VGK Vanguard FTSE Europe ETF 21.1 8 21 6.9 -0.4
IEUR iShares Core MSCI Europe ETF 21.1 9 20 6.8 -0.6
FLEH Franklin FTSE Europe Hedged ETF 21.0 9 20 6.7 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.0 39 -10 7.4 +0.1
FLEE Franklin FTSE Europe ETF 20.9 9 20 6.6 -0.7
FEU SPDR Portfolio Europe ETF 20.8 9 20 6.9 -0.5
MVIN Natixis Seeyond International Minimum Volatility ETF 20.7 56 -27 5.5 -1.8
DMXF iShares ESG Advanced MSCI EAFE ETF 20.6 12 17 6.4 -0.9
BBEU JPMorgan BetaBuilders Europe ETF 20.4 9 20 6.9 -0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 20.3 30 -1 10.5 +3.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 20.1 80 -51 6.3 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.1 45 -16 6.3 -1.0
IEV iShares Europe ETF 19.6 59 -30 6.4 -0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.3 35 -6 6.3 -1.1
VXUS Vanguard Total International Stock Index Fund 19.1 8 21 7.0 -0.3
FDT First Trust Developed Markets ex-US Alphadex Fund 19.1 80 -51 8.1 +0.7
IPAC iShares Core MSCI Pacific ETF 19.0 9 20 6.6 -0.7
VIDI Vident International Equity Fund 18.8 59 -30 10.4 +3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.7 16 13 6.4 -0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 18.6 48 -19 6.6 -0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 18.5 30 -1 4.3 -3.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 18.4 47 -18 8.4 +1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 18.0 20 9 10.5 +3.2
IGRO iShares International Dividend Growth ETF 18.0 22 7 7.7 +0.4
FIVA Fidelity International Value Factor ETF 17.4 39 -10 9.1 +1.8
IQDF FlexShares International Quality Dividend Index Fund 17.1 47 -18 8.4 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 17.1 30 -1 5.7 -1.6
IDHQ Invesco S&P International Developed Quality ETF 17.1 29 0 4.8 -2.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.9 20 9 8.9 +1.6
VPL Vanguard FTSE Pacific ETF 16.8 8 21 6.8 -0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 15.8 58 -29 5.8 -1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 15.8 83 -54 5.2 -2.1
DOO WisdomTree International Dividend ex-Financials Fund 15.7 58 -29 8.5 +1.2
FEP First Trust Europe AlphaDEX Fund 15.5 80 -51 7.7 +0.4

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

  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 10.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.55
 
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.