Lattice Global Small Cap Strategy
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.9x P/Sales
ratio
0.8x
P/BV
ratio
1.8x Div.
yield
2.5%


  • 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) $18
Currency USD
Expense ratio 39 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 351
Wgt avg mkt cap (mns) $1,999
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 49.3%
Small cap (<$2bn) 50.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MURPHY USA, INC. 1.2 %
INSIGHT ENTERPRISES INC 1.2 %
PLEXUS CORP 1.2 %
CIRRUS LOGIC INC 1.2 %
PATTERSON COS INC 1.1 %
STEELCASE INC-CL A 1.0 %
DICK'S SPORTING GOODS INC 1.0 %
BMC STOCK HOLDINGS, INC. 1.0 %
BRINKER INTERNATIONAL INC 1.0 %
SPROUTS FARMERS MARKET INC 1.0 %
Total 10.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
PUERTO RICO 1.1 %
BERMUDA 1.0 %
CAYMAN ISLANDS 0.6 %
CANADA 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.9% 5.7% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.87 81%
MSCI EAFE 0.92 75%
MSCI Emg. Mkts. 0.68 64%

Technical Indicators
Recent close $30.16
30d moving avg. $29.86
Annualized volatility 11.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $4,072

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Lattice Global Small Cap Strategy 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: 39 bp ALTAR Score™: 7.2%


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
(%)
IJR iShares Core S&P Small-Cap 29.9 7 32 5.8 -1.5
SLY SPDR S&P 600 Small Cap 29.8 15 24 5.7 -1.6
VIOO Vanguard S&P Small-Cap 600 29.5 15 24 5.8 -1.5
FYX First Trust Small Cap Core Alphadex 29.5 66 -27 5.5 -1.7
CSF Compass EMP US Discovery 500 Enhanced Vol. 29.4 35 4 7.2 -0.1
CSA Victory CEMP US Small Cap Volatility Wtd 29.4 35 4 7.1 -0.1
PSC Principal U.S. Small Cap Index 28.8 38 1 6.6 -0.6
EES WisdomTree SmallCap Earnings 28.6 38 1 9.1 +1.9
SMLF iShares FactorSelect MSCI USA Small-Cap 28.0 30 9 6.2 -1.0
SMLV SPDR Russell 2000 Low Volatility 26.8 12 27 6.6 -0.7
FLQS Franklin LibertyQ U.S. Small Cap Equity 26.8 35 4 6.2 -1.0
EWSC Invesco S&P Small Cap 600 Equal Weight 26.5 40 -1 3.0 -4.3
DES WisdomTree Smallcap Dividend 26.4 38 1 7.0 -0.3
IJS iShares S&P 600 SmallCap Value 26.1 25 14 6.7 -0.5
SLYV SPDR S&P600 Small Cap Value 26.0 15 24 6.8 -0.4
VIOV Vanguard S&P Small-Cap 600 Value 25.9 20 19 6.8 -0.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 25.6 29 10 4.1 -3.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 25.2 20 19 5.3 -1.9
ISMD Inspire Small/Mid Cap Impact 25.1 61 -22 4.6 -2.6
FYT First Trust Small Cap Value AlphaDEX 24.9 76 -37 7.2 -0.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Lattice Global Small Cap Strategy
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 12.9 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 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.