Hartford Multifactor US Equity ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.6x P/Sales
ratio
1.6x
P/BV
ratio
3.1x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Lattice US Equity Strategy ETF tracks an index of US large-cap stocks. The index relies on value, momentum and quality factors, among others.

FUND BASICS
Category US Equities
Fund Sponsor Lattice Strategies
Website www.latticeetf.com
Inception date Feb 25, 2015
Assets (mns) $243
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 368
Wgt avg mkt cap (mns) $149,374
Large cap (>$10bn) 80.1%
Mid cap ($2-10bn) 19.6%
Small cap (<$2bn) 0.2%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 1.3 %
INTEL CORP 1.2 %
WAL-MART STORES INC 1.1 %
ABBVIE INC 1.0 %
HOME DEPOT INC 1.0 %
JOHNSON & JOHNSON 1.0 %
UNITEDHEALTH GROUP INC 1.0 %
CISCO SYSTEMS INC 1.0 %
AT&T INC 1.0 %
FACEBOOK 1.0 %
Total 10.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.9 %
SWITZERLAND 0.5 %
BRITAIN 0.3 %
BERMUDA 0.3 %
CAYMAN ISLANDS 0.1 %
CHINA 0.1 %




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.
-4.3% 0.8% 8.9% -- 6.4%

Market Correlations
versus... Beta R-squared
S&P500 1.00 95%
MSCI EAFE 1.03 83%
MSCI Emg. Mkts. 0.73 67%

Technical Indicators
Recent close $31.91
30d moving avg. $32.16
Annualized volatility 18.1%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.4%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $197,655

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ROUS Expense: 19 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ROUS
Ticker Fund
Name
Overlap1
vs ROUS
(%)
Expense
ratio
(bp)
Savings
vs ROUS
(bp)
ALTAR
Score™
(%)
ALTAR
vs ROUS
(%)
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.9 9 10 5.4 -1.0
JHML John Hancock Multifactor Large Cap ETF 49.7 29 -10 5.4 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.0 29 -10 5.9 -0.5
AFLG First Trust Active Factor Large Cap ETF 48.0 55 -36 5.3 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 47.4 8 11 6.4 -0.0
HSPX Global X S&P 500 Covered Call ETF 47.0 60 -41 4.8 -1.6
PBP Invesco S&P 500 BuyWrite ETF 46.6 49 -30 4.9 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 46.6 15 4 5.8 -0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 46.3 60 -41 4.9 -1.5
IVV iShares Core S&P 500 ETF 46.2 3 16 5.3 -1.2
SPY SPDR S&P 500 ETF Trust 46.2 9 10 5.2 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 46.2 25 -6 6.7 +0.3
SPLG SPDR Portfolio Large Cap ETF 46.2 3 16 5.3 -1.2
SCIU Global X Scientific Beta US ETF 46.2 19 0 0.0 -6.4
PRF Invesco FTSE RAFI US 1000 ETF 46.2 39 -20 6.8 +0.4
EXT WisdomTree U.S. Total Earnings Fund 46.1 28 -9 5.4 -1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 46.1 17 2 6.3 -0.1
FLQL Franklin LibertyQ U.S. Equity ETF 46.0 15 4 6.1 -0.3
VOO VANGUARD S&P 500 ETF 45.8 3 16 5.3 -1.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.8 30 -11 6.6 +0.2
PBUS Invesco PureBeta MSCI USA ETF 45.7 4 15 5.1 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 45.7 3 16 5.4 -1.0
SCHX Schwab U.S. Large-Cap ETF 45.5 3 16 5.0 -1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.5 7 12 5.1 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.5 20 -1 5.2 -1.2
SCHK Schwab 1000 Index ETF 45.4 5 14 5.1 -1.3
IWB iShares Russell 1000 ETF 45.3 15 4 5.0 -1.5
IYY iShares Dow Jones U.S. ETF 45.3 20 -1 4.9 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 45.2 27 -8 5.1 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 45.2 25 -6 6.7 +0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 45.1 2 17 5.1 -1.3
VV Vanguard Large-Cap Index Fund 44.8 4 15 5.1 -1.4
VONE Vanguard Russell 1000 ETF 44.7 8 11 5.0 -1.4
JQUA JPMorgan U.S. Quality Factor ETF 44.6 12 7 5.4 -1.1
VTHR Vanguard Russell 3000 Index Fund 44.3 10 9 4.9 -1.5
IUS Invesco Strategic US ETF 44.3 19 0 6.5 +0.0
ESGV Vanguard ESG U.S. Stock ETF 44.2 12 7 5.0 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 44.1 15 4 4.9 -1.5
IWV iShares Russell 3000 ETF 44.1 20 -1 4.8 -1.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 44.0 35 -16 5.7 -0.8
SCHB Schwab U.S. Broad Market ETF 44.0 3 16 5.0 -1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 44.0 35 -16 5.7 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 43.9 3 16 4.9 -1.5
AVUS Avantis U.S. Equity ETF 43.3 15 4 5.5 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 43.1 27 -8 4.8 -1.6
VTI Vanguard Total Stock Market Index Fund 43.0 3 16 4.9 -1.5
SFY SoFi Select 500 ETF 42.8 0 19 5.0 -1.4
ONEO SPDR Russell 1000 Momentum Focus ETF 42.5 20 -1 6.3 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.3 20 -1 4.8 -1.6
DTD WisdomTree U.S.Total Dividend Fund 42.2 28 -9 6.7 +0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 42.1 75 -56 3.8 -2.6
DIVB iShares U.S. Dividend & Buyback ETF 42.1 25 -6 6.9 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 42.0 12 7 4.6 -1.9
RWL Invesco S&P 500 Revenue ETF 42.0 39 -20 7.2 +0.8
MGC Vanguard Mega Cap Index Fund 41.9 7 12 5.0 -1.4
VOOV Vanguard S&P 500 Value ETF 41.9 10 9 7.3 +0.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 41.6 18 1 6.1 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 41.5 12 7 7.3 +0.9
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 41.3 9 10 5.9 -0.5
IUSV iShares Core S&P U.S. Value ETF 41.2 4 15 7.5 +1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 41.1 35 -16 5.4 -1.0
IWL iShares Russell Top 200 ETF 41.1 15 4 4.8 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.1 25 -6 6.2 -0.2
SPYV SPDR Portfolio S&P 500 Value ETF 41.0 4 15 7.4 +1.0
IVE iShares S&P 500 Value ETF 41.0 18 1 7.2 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 40.7 4 15 6.8 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 40.7 28 -9 6.5 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.6 19 0 6.0 -0.4
RSP Invesco S&P 500 Equal Weight ETF 40.5 20 -1 6.5 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 40.4 0 19 5.0 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 40.4 17 2 6.8 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 40.1 27 -8 5.5 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 40.0 29 -10 5.0 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 39.6 27 -8 4.9 -1.5
VONV Vanguard Russell 1000 Value Index Fund 39.2 8 11 7.0 +0.6
IWD iShares Russell 1000 Value ETF 39.1 19 0 6.9 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 38.5 60 -41 5.8 -0.6
SNPE Xtrackers S&P 500 ESG ETF 38.3 10 9 4.9 -1.5
EFIV SPDR S&P 500 ESG ETF 38.3 10 9 5.0 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.2 60 -41 4.0 -2.4
RBUS Nationwide Risk-Based U.S. Equity ETF 38.0 30 -11 4.6 -1.8
RNLC Large Cap US Equity Select ETF 37.9 60 -41 6.1 -0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 37.8 29 -10 6.8 +0.4
TOK iShares MSCI Kokusai ETF 37.8 25 -6 5.5 -0.9
IQSU IQ Candriam ESG US Equity ETF 37.7 9 10 4.9 -1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.6 15 4 6.2 -0.2
VTV Vanguard Value Index Fund 37.6 4 15 7.4 +1.0
JVAL JPMorgan U.S. Value Factor ETF 37.5 12 7 8.4 +2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 37.5 25 -6 6.3 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 37.5 9 10 5.6 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 37.3 32 -13 5.0 -1.4
VALQ American Century STOXX U.S. Quality Value ETF 37.3 29 -10 8.9 +2.5
EUSA iShares MSCI USA Equal Weighted ETF 36.9 15 4 6.1 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 36.4 15 4 5.5 -0.9
USMF WisdomTree U.S. Multifactor Fund 36.4 28 -9 5.8 -0.6
OEF iShares S&P 100 ETF 36.4 20 -1 4.7 -1.7
RAFE PIMCO RAFI ESG U.S. ETF 36.3 29 -10 7.7 +1.3
USDY Pacific Global US Equity Income ETF 36.1 29 -10 7.0 +0.6
RECS Columbia Research Enhanced Core ETF 36.0 15 4 5.6 -0.9
DGRO iShares Core Dividend Growth ETF 35.8 8 11 6.7 +0.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 US Equity 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 18.5 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.51
 
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.