Hartford Multifactor Developed Markets (ex-US) ETF
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
14.4x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
3.6%


  • 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) $1,903
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 489
Wgt avg mkt cap (mns) $27,003
Large cap (>$10bn) 55.6%
Mid cap ($2-10bn) 42.9%
Small cap (<$2bn) 1.1%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
FORTESCUE METALS GROUP LTD 0.9 %
MERCK KGAA 0.8 %
INVESTOR AB-B SHS 0.8 %
RIO TINTO PLC 0.8 %
WESFARMERS LIMITED 0.8 %
NOVO NORDISK A/S-B 0.8 %
KUEHNE & NAGEL INTL AG-REG 0.7 %
BLUESCOPE STEEL LTD 0.7 %
LOBLAW COMPANIES LTD 0.7 %
BOUYGUES SA 0.7 %
Total 7.5 %

TOP COUNTRY EXPOSURE
JAPAN 21.2 %
CANADA 11.0 %
AUSTRALIA 9.0 %
BRITAIN 8.9 %
SWITZERLAND 7.5 %
HONG KONG 5.5 %
FRANCE 5.2 %
GERMANY 4.9 %
NETHERLANDS 4.4 %
SWEDEN 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 11.2% 7.8% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.80 84%
MSCI EAFE 0.86 95%
MSCI Emg. Mkts. 0.70 77%

Technical Indicators
Recent close $28.36
30d moving avg. $28.95
Annualized volatility 16.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 538
Turnover 0.8%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $23,836

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
(%)
DFAI Dimensional International Core Equity Market ETF 56.1 18 11 6.3 -1.0
RODE Hartford Multifactor Diversified International ETF 41.0 29 0 10.2 +2.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 37.7 24 5 6.6 -0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 33.9 25 4 6.1 -1.2
PDEV Principal International Multi-Factor Core Index ETF 33.5 25 4 6.9 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 33.5 45 -16 6.3 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.4 45 -16 6.4 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 33.2 29 0 7.1 -0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 31.4 30 -1 6.1 -1.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.0 20 9 5.1 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 30.5 39 -10 5.6 -1.7
ISZE iShares Edge MSCI Intl Size Factor ETF 30.2 30 -1 6.1 -1.2
JPIN JPMorgan Diversified Return International Equity ETF 30.0 37 -8 7.0 -0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 29.8 45 -16 6.1 -1.2
DWM WisdomTree International Equity Fund 29.7 48 -19 7.2 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 29.7 40 -11 7.3 -0.1
DWMF WisdomTree International Multifactor Fund 28.6 38 -9 6.2 -1.1
TPIF Timothy Plan International ETF 28.5 62 -33 6.0 -1.3
INTF iShares Edge MSCI Multifactor Intl ETF 28.2 30 -1 7.5 +0.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.1 32 -3 6.0 -1.3
IDLV Invesco S&P International Developed Low Volatility ETF 27.9 25 4 6.2 -1.1
FDEV Fidelity Targeted International Factor ETF 27.9 39 -10 5.9 -1.4
IQIN IQ 500 International ETF 27.2 25 4 7.4 +0.1
JHMD John Hancock Multifactor Developed International ETF 27.2 39 -10 6.4 -0.9
SCHF Schwab International Equity ETF 26.7 6 23 6.5 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 26.6 5 24 6.4 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 26.6 45 -16 7.5 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 26.5 25 4 7.6 +0.3
RNDM First Trust Developed International Equity Select ETF 26.1 65 -36 5.7 -1.6
BKIE BNY Mellon International Equity ETF 25.9 4 25 6.6 -0.7
VWID Virtus WMC International Dividend ETF 25.7 49 -20 7.5 +0.2
VEA Vanguard FTSE Developed Markets ETF 25.5 5 24 6.5 -0.8
SPDW SPDR Portfolio Developed World ex-US ETF 25.5 4 25 6.2 -1.1
RESD WisdomTree International ESG Fund 25.4 30 -1 6.5 -0.8
EFA iShares MSCI EAFE ETF 25.3 32 -3 6.2 -1.1
QINT American Century Quality Diversified International ETF 25.1 39 -10 6.5 -0.8
HFXI IQ 50 Percent Hedged FTSE International ETF 25.0 20 9 6.5 -0.8
GSID Goldman Sachs MarketBeta International Equity ETF 24.9 20 9 6.3 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 24.9 35 -6 6.1 -1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 24.7 7 22 6.5 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 24.7 20 9 6.2 -1.1
IEFA iShares Core MSCI EAFE ETF 24.6 7 22 6.4 -0.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.5 35 -6 7.8 +0.5
EFV iShares MSCI EAFE Value ETF 24.5 39 -10 8.2 +0.9
RBIN Nationwide Risk-Based International Equity ETF 24.3 42 -13 5.9 -1.4
DOL WisdomTree International LargeCap Dividend Fund 24.3 48 -19 7.2 -0.1
VYMI Vanguard International High Dividend Yield ETF 24.2 27 2 9.0 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 24.2 20 9 6.3 -1.1
DTH WisdomTree International High Dividend Fund 24.1 58 -29 8.5 +1.2
VSGX Vanguard ESG International Stock ETF 24.1 17 12 6.3 -1.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 23.9 25 4 6.1 -1.2
AVDE Avantis International Equity ETF 23.5 23 6 6.8 -0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 23.4 80 -51 5.9 -1.4
DIM WisdomTree International MidCap Dividend Fund 22.9 58 -29 7.0 -0.3
IQSI IQ Candriam ESG International Equity ETF 22.8 15 14 6.3 -1.0
ISDX Invesco RAFI Strategic Developed ex-US ETF 22.4 23 6 6.3 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 21.5 8 21 6.6 -0.7
IVLU iShares Edge MSCI Intl Value Factor ETF 21.4 30 -1 9.8 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 21.3 32 -3 6.3 -1.0
CWI SPDR MSCI ACWI ex-US ETF 21.2 30 -1 6.2 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 21.0 12 17 5.9 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.9 40 -11 6.1 -1.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.9 30 -1 5.4 -1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.5 39 -10 6.8 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.4 14 15 6.0 -1.3
IXUS ishares Core MSCI Total International Stock ETF 20.1 9 20 6.4 -0.9
VGK Vanguard FTSE Europe ETF 20.1 8 21 6.6 -0.7
IEUR iShares Core MSCI Europe ETF 19.9 9 20 6.5 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 19.9 20 9 9.5 +2.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.9 35 -6 6.0 -1.3
FLEE Franklin FTSE Europe ETF 19.8 9 20 6.5 -0.8
FLEH Franklin FTSE Europe Hedged ETF 19.8 9 20 6.5 -0.8
SPEU SPDR Portfolio Europe ETF 19.7 9 20 6.6 -0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.5 20 9 8.6 +1.3
BBEU JPMorgan BetaBuilders Europe ETF 19.3 9 20 6.7 -0.6
IPAC iShares Core MSCI Pacific ETF 19.1 9 20 6.2 -1.1
FDT First Trust Developed Markets ex-US Alphadex Fund 19.1 80 -51 7.5 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 18.9 45 -16 6.1 -1.2
IEV iShares Europe ETF 18.5 59 -30 6.1 -1.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 18.2 30 -1 7.8 +0.5
FIVA Fidelity International Value Factor ETF 17.8 39 -10 8.6 +1.3
VPL Vanguard FTSE Pacific ETF 17.8 8 21 6.4 -0.9
IQDE FlexShares International Quality Dividend Defensive Index ET 17.8 47 -18 8.2 +0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.6 16 13 5.9 -1.4
VIDI Vident International Equity Fund 17.2 59 -30 9.1 +1.8
VXUS Vanguard Total International Stock ETF 16.6 8 21 6.6 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 16.4 83 -54 5.4 -1.9
QWLD SPDR MSCI World StrategicFactors ETF 16.4 30 -1 5.6 -1.7
ESGN Columbia Sustainable International Equity Income ETF 16.2 45 -16 9.0 +1.7
DOO WisdomTree International Dividend ex-Financials Fund 15.7 58 -29 7.6 +0.3
IGRO iShares International Dividend Growth ETF 15.7 15 14 7.1 -0.2
FEP First Trust Europe AlphaDEX Fund 15.6 80 -51 7.1 -0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 15.5 45 -16 9.5 +2.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 15.4 30 -1 3.9 -3.4
DEW WisdomTree Global High Dividend Fund 15.2 58 -29 8.7 +1.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 15.1 58 -29 6.6 -0.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 10.1 %
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
1.64 CATEGORY
AVERAGE
1.54
 
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.