Hartford Multifactor US Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
1.5x
P/BV
ratio
2.4x 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) $259
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 375
Wgt avg mkt cap (mns) $135,678
Large cap (>$10bn) 77.6%
Mid cap ($2-10bn) 21.9%
Small cap (<$2bn) 0.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 1.5 %
APPLE INC 1.4 %
ACCENTURE PLC-CL A 1.4 %
MERCK & CO. INC. 1.2 %
JOHNSON & JOHNSON 1.2 %
WESTERN UNION CO 1.1 %
AT&T INC 1.1 %
BRISTOL-MYERS SQUIBB CO 1.1 %
WAL-MART STORES INC 1.1 %
UNITEDHEALTH GROUP INC 1.0 %
Total 12.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.2 %
IRELAND 3.9 %
BERMUDA 2.1 %
SWITZERLAND 1.0 %
BRITAIN 0.4 %
CHINA 0.1 %
PUERTO RICO 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.6% -1.5% 6.7% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.02 95%
MSCI EAFE 1.04 82%
MSCI Emg. Mkts. 0.72 65%

Technical Indicators
Recent close $31.73
30d moving avg. $30.57
Annualized volatility 18.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 82
Turnover 1.0%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $124,450

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™: 7.0%


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
(%)
FNDX Schwab Fundamental U.S. Large Co. Index ETF 48.6 25 -6 6.2 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 48.3 15 4 5.7 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 48.1 39 -20 6.6 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 47.5 25 -6 6.2 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 47.2 8 11 6.3 -0.8
JHML John Hancock Multifactor Large Cap ETF 46.8 29 -10 5.4 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.6 9 10 5.3 -1.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 45.4 30 -11 6.3 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.0 29 -10 5.8 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 44.7 15 4 6.0 -1.1
AFLG First Trust Active Factor Large Cap ETF 44.7 55 -36 5.3 -1.7
PBP Invesco S&P 500 BuyWrite ETF 44.5 49 -30 4.8 -2.2
IUS Invesco Strategic US ETF 44.2 19 0 6.3 -0.7
RWL Invesco S&P 500 Revenue ETF 43.8 39 -20 7.0 -0.0
SPYV SPDR Portfolio S&P 500 Value ETF 43.8 4 15 7.3 +0.2
IUSV iShares Core S&P U.S. Value ETF 43.8 4 15 7.3 +0.3
IVE iShares S&P 500 Value ETF 43.8 18 1 7.1 +0.1
HSPX Global X S&P 500 Covered Call ETF 43.7 65 -46 4.7 -2.4
VOOV Vanguard S&P 500 Value ETF 43.7 15 4 7.1 +0.1
SPY SPDR S&P 500 ETF Trust 43.7 9 10 5.2 -1.9
SPLG SPDR Portfolio Large Cap ETF 43.7 3 16 5.2 -1.8
DTD WisdomTree U.S.Total Dividend Fund 43.7 28 -9 6.5 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 43.6 18 1 6.0 -1.0
IVV iShares Core S&P 500 ETF 43.6 4 15 5.2 -1.8
VOO VANGUARD S&P 500 ETF 43.5 3 16 5.2 -1.8
SCHX Schwab U.S. Large-Cap ETF 43.0 3 16 5.1 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 43.0 12 7 7.2 +0.2
LVUS Hartford Multifactor Low Volatility US Equity ETF 43.0 19 0 6.0 -1.0
SPXE ProShares S&P 500 Ex-Energy ETF 43.0 27 -8 5.1 -2.0
SCHK Schwab 1000 Index ETF 42.9 5 14 5.1 -2.0
PBUS Invesco PureBeta MSCI USA ETF 42.9 4 15 5.1 -2.0
DIVB iShares U.S. Dividend & Buyback ETF 42.9 25 -6 6.4 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 42.9 3 16 5.3 -1.7
VONV Vanguard Russell 1000 Value Index Fund 42.8 8 11 6.9 -0.1
IWD iShares Russell 1000 Value ETF 42.8 19 0 6.8 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.8 20 -1 5.1 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 42.7 2 17 5.1 -1.9
IYY iShares Dow Jones U.S. ETF 42.7 20 -1 5.0 -2.1
VTV Vanguard Value Index Fund 42.6 4 15 7.3 +0.2
VONE Vanguard Russell 1000 ETF 42.5 8 11 5.0 -2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 42.5 7 12 5.0 -2.0
IWB iShares Russell 1000 ETF 42.5 15 4 4.9 -2.1
VV Vanguard Large-Cap Index Fund 42.3 4 15 5.0 -2.0
DLN WisdomTree U.S. LargeCap Dividend Fund 42.3 28 -9 6.3 -0.8
SCIU Global X Scientific Beta US ETF 42.1 19 0 5.6 -1.4
SPXN ProShares S&P 500 Ex-Financials ETF 41.7 27 -8 4.8 -2.3
SCHB Schwab U.S. Broad Market ETF 41.6 3 16 5.0 -2.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 41.5 3 16 5.0 -2.1
IWV iShares Russell 3000 ETF 41.3 20 -1 4.8 -2.2
VTHR Vanguard Russell 3000 Index Fund 41.3 10 9 4.9 -2.2
DGRO iShares Core Dividend Growth ETF 41.1 8 11 6.5 -0.6
JVAL JPMorgan U.S. Value Factor ETF 40.9 12 7 8.5 +1.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 40.9 17 2 6.2 -0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 40.9 35 -16 5.6 -1.4
SCHV Schwab U.S. Large-Cap Value ETF 40.8 4 15 7.1 +0.0
VTI Vanguard Total Stock Market Index Fund 40.7 3 16 4.9 -2.1
MGC Vanguard Mega Cap Index Fund 40.7 7 12 5.0 -2.0
AVUS Avantis U.S. Equity ETF 40.7 15 4 5.5 -1.6
USDY Pacific Global US Equity Income ETF 40.2 29 -10 7.1 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 40.2 27 -8 5.4 -1.6
ESGU iShares MSCI USA ESG Optimized ETF 40.1 15 4 4.9 -2.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.5 25 -6 6.3 -0.8
IWL iShares Russell Top 200 ETF 39.4 15 4 4.8 -2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 39.2 0 19 4.9 -2.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.1 15 4 6.0 -1.0
SFY SoFi Select 500 ETF 39.1 0 19 5.0 -2.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.0 20 -1 4.7 -2.3
JQUA JPMorgan U.S. Quality Factor ETF 39.0 12 7 5.2 -1.9
RNLC Large Cap US Equity Select ETF 39.0 60 -41 6.1 -1.0
USMV iShares Edge MSCI Min Vol USA ETF 38.2 15 4 5.4 -1.7
SNPE Xtrackers S&P 500 ESG ETF 38.1 11 8 4.9 -2.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 38.1 17 2 6.3 -0.7
RSP Invesco S&P 500 Equal Weight ETF 38.0 20 -1 6.5 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 37.8 20 -1 6.2 -0.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 37.6 9 10 5.8 -1.2
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 37.6 29 -10 6.7 -0.3
VYM Vanguard High Dividend Yield Index ETF 37.4 6 13 7.3 +0.3
ESG FlexShares STOXX US ESG Impact Index Fund 37.3 32 -13 4.9 -2.2
CATH Global X S&P 500 Catholic Values Custom ETF 37.2 29 -10 5.0 -2.0
SPXV ProShares S&P 500 Ex-Health Care ETF 37.2 27 -8 4.8 -2.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 37.1 19 0 5.9 -1.2
EXT WisdomTree U.S. Total Earnings Fund 36.9 28 -9 5.0 -2.0
ESGV Vanguard ESG U.S. Stock ETF 36.8 12 7 4.9 -2.1
EQWL Invesco Russell Top 200 Equal Weight ETF 36.8 25 -6 6.0 -1.0
RAFE PIMCO RAFI ESG U.S. ETF 36.8 29 -10 7.5 +0.5
RECS Columbia Research Enhanced Core ETF 36.6 15 4 5.4 -1.6
OEF iShares S&P 100 ETF 36.3 20 -1 4.6 -2.4
MGV Vanguard Mega Cap Value ETF 36.2 7 12 7.2 +0.1
JMIN JPMorgan U.S. Minimum Volatility ETF 36.2 12 7 5.4 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 36.1 30 -11 6.0 -1.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 36.0 35 -16 5.2 -1.8
VALQ American Century STOXX U.S. Quality Value ETF 35.7 29 -10 8.8 +1.8
FEX First Trust Large Cap Core AlphaDEX Fund 34.9 60 -41 5.8 -1.2
IQSU IQ Candriam ESG US Equity ETF 34.8 9 10 4.9 -2.2
EUSA iShares MSCI USA Equal Weighted ETF 34.6 15 4 6.0 -1.0
TOK iShares MSCI Kokusai ETF 34.5 25 -6 5.4 -1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 34.5 9 10 5.5 -1.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.4 12 7 4.4 -2.6
QDEF FlexShares Quality Dividend Defensive Index Fund 34.4 37 -18 5.7 -1.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 34.2 20 -1 6.8 -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%.

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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 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 16.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.52
 
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.