Lattice U.S. Equity Strategy ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.8x P/Sales
ratio
1.6x
P/BV
ratio
2.8x Div.
yield
2.4%


  • 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) $328
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 353
Wgt avg mkt cap (mns) $110,984
Large cap (>$10bn) 74.1%
Mid cap ($2-10bn) 25.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PFIZER INC 1.3 %
JOHNSON & JOHNSON 1.2 %
INTEL CORP 1.2 %
VERIZON COMMUNICATIONS INC 1.2 %
VMWARE INC-CLASS A 1.1 %
MERCK & CO. INC. 1.1 %
WESTERN UNION CO 1.0 %
AT&T INC 1.0 %
UNITEDHEALTH GROUP INC 1.0 %
PEPSICO INC 1.0 %
Total 11.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
IRELAND 2.6 %
BERMUDA 1.4 %
SWITZERLAND 0.8 %
BRITAIN 0.5 %
ISRAEL 0.2 %
PUERTO RICO 0.1 %




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.
21.8% 9.4% -- -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.06 92%
MSCI EAFE 0.96 64%
MSCI Emg. Mkts. 0.68 51%

Technical Indicators
Recent close $33.17
30d moving avg. $32.89
Annualized volatility 13.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.7%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $89,335

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Lattice U.S. Equity Strategy 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
(%)
LVUS Hartford Multifactor Low Volatility US Equity 48.3 21 -2 5.8 -0.6
QUS SPDR MSCI USA Quality Mix 46.8 15 4 6.0 -0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 46.4 9 10 6.1 -0.3
JHML John Hancock Multifactor Large Cap 45.7 34 -15 6.0 -0.5
DYNF BlackRock U.S. Equity Factor Rotation 45.5 30 -11 6.5 +0.1
OMOM Invesco Russell 1000 Momentum Factor ETF 44.9 19 0 5.3 -1.1
OVOL Invesco Russell 1000 Low Volatility Factor ETF 44.9 19 0 5.6 -0.8
PBP Invesco S&P 500 Buy/Write 44.0 49 -30 5.5 -0.9
SPY S&P 500 SPDR 43.7 9 10 5.9 -0.5
IVV iShares Core S&P 500 43.7 4 15 5.9 -0.5
VOO Vanguard S&P 500 ETF 43.7 3 16 6.0 -0.4
HSPX Global X S&P 500 Covered Call 43.7 65 -46 5.3 -1.1
PBUS Invesco PureBeta MSCI USA 43.6 4 15 6.0 -0.5
SCHX Schwab U.S. Large-Cap 43.6 3 16 5.8 -0.6
SCHK Schwab 1000 Index 43.5 5 14 5.8 -0.6
VV Vanguard Large-Cap ETF 43.4 4 15 5.8 -0.6
FNDX Schwab Fundamental Large Cap 43.2 25 -6 5.9 -0.5
PRF Invesco FTSE-RAFI U.S. 1000 43.2 39 -20 6.5 +0.1
BBUS JP Morgan Betabuilders U.S. Equity 43.2 2 17 5.9 -0.5
IWB iShares Russell 1000 43.1 15 4 5.7 -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

  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 U.S. Equity Strategy 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 16.7 %
Divided by: Fwd. P/BV 2.5 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
1.64 CATEGORY
AVERAGE
1.56
 
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.