Hartford Multifactor Global Small Cap ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 15.2x P/Sales
ratio		 0.8x
P/BV
ratio		 1.5x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Lattice Global Small Cap Strategy invests in global companies with market capitalizations of $500M to $8B, after applying screens for risk and for valuation, momentum and quality.

FUND BASICS
Category Global Equities
Fund Sponsor Lattice Strategies
Website www.latticeetfs.com
Inception date Mar 24, 2015
Assets (mns) $8
Currency USD
Expense ratio 34 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 349
Wgt avg mkt cap (mns) $1,509
Large cap (>$10bn) 0.5%
Mid cap ($2-10bn) 27.2%
Small cap (<$2bn) 72.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RENEWABLE ENERGY GROUP INC 1.4 %
CORCEPT THERAPEUTICS INC 1.4 %
MERIDIAN BIOSCIENCE INC 1.2 %
BIG LOTS INC 1.1 %
DIODES INC 1.0 %
SYKES ENTERPRISES INC 1.0 %
BMC STOCK HOLDINGS, INC. 1.0 %
RENT-A-CENTER INC 1.0 %
VANDA PHARMACEUTICALS INC 1.0 %
INSIGHT ENTERPRISES INC 1.0 %
Total 11.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
CAYMAN ISLANDS 0.6 %
PUERTO RICO 0.4 %
IRELAND 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -6.9% 5.1% -- 3.1%

Market Correlations
versus... Beta R-squared
S&P500 1.08 88%
MSCI EAFE 1.21 89%
MSCI Emg. Mkts. 0.89 77%

Technical Indicators
Recent close $27.26
30d moving avg. $26.51
Annualized volatility 20.5%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.44%
ADV underlying (mns) $4,295

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Hartford Multifactor Global Small Cap ETF ETF based on the alternatives' overlap in portfolio holdings with ROGS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ROGS Expense: 34 bp ALTAR Score™: 8.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROGS
Ticker Fund
Name		 Overlap1
vs ROGS
(%)		 Expense
ratio
(bp)		 Savings
vs ROGS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ROGS
(%)
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 32.5 35 -1 7.7 -0.3
TPSC Timothy Plan US Small Cap Core ETF 30.6 52 -18 7.9 -0.1
SQLV Legg Mason Small-Cap Quality Value 30.0 62 -28 6.2 -1.7
EES WisdomTree SmallCap Earnings Fund 29.0 38 -4 10.0 +2.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 27.6 35 -1 7.8 -0.2
AFSM First Trust Active Factor Small Cap ETF 27.6 75 -41 5.3 -2.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 26.4 30 4 7.4 -0.6
FYT First Trust Small Cap Value AlphaDEX Fund 25.7 72 -38 9.4 +1.5
FYX First Trust Small Cap Core AlphaDEX Fund 25.6 63 -29 6.0 -2.0
CSML IQ Chaikin U.S. Small Cap ETF 25.6 35 -1 3.8 -4.2
DES WisdomTree U.S. SmallCap Dividend Fund 25.4 38 -4 8.3 +0.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.6 35 -1 5.8 -2.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 24.0 29 5 4.9 -3.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 23.7 40 -6 7.1 -0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.5 24 10 6.3 -1.7
SSLY Syntax Stratified SmallCap ETF 23.2 30 4 6.4 -1.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 23.2 20 14 4.7 -3.3
SPSM SPDR Portfolio Small Cap ETF 22.9 5 29 6.9 -1.0
SLY SPDR S&P 600 Small Cap ETF 22.9 15 19 6.8 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 22.9 10 24 6.8 -1.2
IJR iShares Core S&P Small Cap ETF 22.9 6 28 6.9 -1.0
AVUV Avantis U.S. Small Cap Value ETF 22.3 25 9 7.9 -0.1
PSC Principal U.S. Small Cap Index ETF 21.4 38 -4 6.7 -1.3
IJS iShares S&P Small-cap 600 Value ETF 21.2 25 9 8.8 +0.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 21.2 15 19 8.7 +0.8
SLYV SPDR S&P 600 Small Cap Value ETF 21.2 15 19 8.7 +0.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 20.7 39 -5 6.8 -1.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 20.0 29 5 5.7 -2.3
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.1 29 5 0.2 -7.8
IJT iShares S&P Small-Cap 600 Growth ETF 18.8 25 9 5.4 -2.6
SLYG SPDR S&P 600 Small Cap Growth ETF 18.8 15 19 5.3 -2.7
ISMD Inspire Small/Mid Cap Impact ETF 18.5 60 -26 4.8 -3.2
IWN iShares Russell 2000 Value ETF 18.5 24 10 6.7 -1.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 18.4 12 22 7.5 -0.5
RNSC Small Cap US Equity Select ETF 18.3 60 -26 7.0 -1.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.3 38 -4 8.3 +0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 18.1 16 18 5.2 -2.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 18.1 39 -5 9.0 +1.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 18.0 39 -5 4.5 -3.5
XSLV Invesco S&P SmallCap Low Volatility ETF 17.9 25 9 5.5 -2.4
CALF Pacer US Small Cap Cash Cows 100 ETF 17.3 59 -25 8.8 +0.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.0 20 14 4.6 -3.4
BUY USCF SummerHaven SHPEI Index Fund 16.5 80 -46 8.6 +0.6
VAMO Cambria Value & Momentum ETF 16.2 63 -29 5.9 -2.1
VFMF Vanguard U.S. Multifactor ETF 16.1 19 15 7.2 -0.8
FSMD Fidelity Small-Mid Factor ETF 16.0 29 5 6.1 -1.9
IWM iShares Russell 2000 ETF 15.8 19 15 3.3 -4.7
PXSG Invesco S&P SmallCap Momentum ETF 15.7 39 -5 3.7 -4.3
IUSS Invesco Strategic US Small Company ETF 15.6 23 11 5.1 -2.9
VTWO Vanguard Russell 2000 Index Fund 15.6 10 24 3.5 -4.5
VUSE Vident Core US Equity Fund 15.3 48 -14 8.7 +0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 15.2 25 9 7.2 -0.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 14.6 35 -1 9.9 +2.0
VTWV Vanguard Russell 2000 Value Index Fund 14.1 15 19 6.9 -1.1
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 13.5 39 -5 6.4 -1.6
FYC First Trust Small Cap Growth AlphaDEX Fund 13.5 70 -36 1.8 -6.2
SCHA Schwab U.S. Small-Cap ETF 12.9 4 30 4.6 -3.3
XSHQ Invesco S&P SmallCap Quality ETF 12.5 29 5 6.6 -1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.4 80 -46 5.7 -2.3
PSCH Invesco S&P SmallCap Health Care ETF 12.0 29 5 2.8 -5.2
VFQY Vanguard U.S. Quality Factor ETF 12.0 13 21 6.3 -1.7
BFOR Barron's 400 ETF 11.9 65 -31 6.3 -1.6
JSML Janus Henderson Small Cap Growth Alpha ETF 11.7 30 4 7.8 -0.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 11.7 35 -1 5.7 -2.3
IWC iShares Micro-Cap ETF 11.6 60 -26 -3.8 -11.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 11.2 35 -1 8.0 +0.1
IWO iShares Russell 2000 Growth ETF 10.9 24 10 -0.1 -8.1
NUSC Nuveen ESG Small-Cap ETF 10.9 40 -6 4.7 -3.3
PSCT Invesco S&P SmallCap Information Technology ETF 10.8 29 5 5.7 -2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 10.5 6 28 5.0 -3.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 10.4 17 17 4.7 -3.3
VBR Vanguard Small Cap Value Index Fund 10.1 7 27 7.9 -0.0
VTWG Vanguard Russell 2000 Growth Index Fund 9.7 15 19 0.1 -7.9
VFVA Vanguard U.S. Value Factor ETF 9.3 14 20 10.8 +2.8
PSCF Invesco S&P SmallCap Financials ETF 9.3 29 5 11.1 +3.2
XRT SPDR S&P Retail ETF 9.2 35 -1 5.6 -2.4
FAB First Trust Multi Cap Value AlphaDEX Fund 9.1 71 -37 9.5 +1.5
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.6 48 -14 6.2 -1.8
AFMC First Trust Active Factor Mid Cap ETF 8.3 65 -31 6.2 -1.8
PWC Invesco Dynamic Market ETF 8.3 58 -24 5.7 -2.3
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 8.3 29 5 7.5 -0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 8.2 20 14 9.1 +1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 8.1 14 20 4.1 -3.9
FDM First Trust Dow Jones Select Microcap Index Fund 8.0 60 -26 2.7 -5.3
JKJ iShares Morningstar Small-Cap ETF 8.0 25 9 6.3 -1.7
JKL iShares Morningstar Small Cap Value ETF 8.0 30 4 9.9 +1.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 7.8 40 -6 7.2 -0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 7.5 4 30 5.6 -2.4
RWK Invesco S&P MidCap 400 Revenue ETF 7.4 39 -5 7.9 -0.1
SYLD Cambria Shareholder Yield ETF 7.2 59 -25 8.6 +0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 7.2 15 19 8.4 +0.4
IJJ iShares S&P Mid-Cap 400 Value ETF 7.2 25 9 8.2 +0.2
RFV Invesco S&P Midcap 400 Pure Value ETF 7.1 35 -1 9.2 +1.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 6.7 15 19 8.2 +0.2
VB Vanguard Small-Cap ETF 6.7 5 29 5.1 -2.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 6.7 60 -26 7.8 -0.2
EZM WisdomTree U.S. MidCap Earnings Fund 6.6 38 -4 8.6 +0.7
SMDY Syntax Stratified MidCap ETF 6.6 30 4 6.6 -1.3
VXF Vanguard Extended Market Index Fund 6.0 6 28 3.4 -4.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 6.0 30 4 9.0 +1.0

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 Global Small Cap 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 11.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 34 bp
Equals: ALTAR Score 8.0 %
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.