Hartford Multifactor US Equity ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.1x P/Sales
ratio
1.8x
P/BV
ratio
3.5x Div.
yield
1.9%


  • 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) $331
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) $160,877
Large cap (>$10bn) 81.2%
Mid cap ($2-10bn) 18.6%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
INTEL CORP 1.3 %
ABBVIE INC 1.2 %
VERIZON COMMUNICATIONS INC 1.1 %
CISCO SYSTEMS INC 1.0 %
EXXON MOBIL CORP 1.0 %
WAL-MART STORES INC 1.0 %
JOHNSON & JOHNSON 1.0 %
ALPHABET INC. CLASS A 1.0 %
UNITEDHEALTH GROUP INC 1.0 %
UNITED THERAPEUTICS CORP 1.0 %
Total 10.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.9 %
SWITZERLAND 0.6 %
BRITAIN 0.4 %
BERMUDA 0.3 %
CAYMAN ISLANDS 0.1 %
CHINA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.5% 6.5% 10.3% -- 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.98 96%
MSCI EAFE 0.91 82%
MSCI Emg. Mkts. 0.74 69%

Technical Indicators
Recent close $36.36
30d moving avg. $35.36
Annualized volatility 18.9%
Short interest (ETF) 0.4%
Short interest (Underlying) 3.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 60
Turnover 0.7%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $189,133

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 5.8%


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
(%)
QUS SPDR MSCI USA StrategicFactors ETF 50.5 15 4 5.3 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.4 9 10 4.8 -1.1
ESGV Vanguard ESG U.S. Stock ETF 49.3 12 7 4.5 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 49.1 8 11 5.9 +0.1
AFLG First Trust Active Factor Large Cap ETF 48.9 55 -36 4.6 -1.2
JHML John Hancock Multifactor Large Cap ETF 48.9 29 -10 4.8 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 47.7 30 -11 5.0 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 46.9 15 4 5.9 +0.1
PBP Invesco S&P 500 BuyWrite ETF 46.3 49 -30 4.3 -1.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.2 30 -11 5.2 -0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 45.9 60 -41 4.4 -1.5
SPY SPDR S&P 500 ETF Trust 45.5 9 10 4.7 -1.2
SPLG SPDR Portfolio Large Cap ETF 45.5 3 16 4.7 -1.1
IVV iShares Core S&P 500 ETF 45.5 3 16 4.7 -1.1
RESP WisdomTree US ESG Fund of Benef Interest 45.4 28 -9 5.0 -0.8
PBUS Invesco PureBeta MSCI USA ETF 45.0 4 15 4.6 -1.3
VOO VANGUARD S&P 500 ETF 44.9 3 16 4.8 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 44.8 20 -1 4.8 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 44.8 39 -20 5.8 -0.1
SCHX Schwab U.S. Large-Cap ETF 44.7 3 16 4.5 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.7 25 -6 5.7 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 44.6 3 16 4.8 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.6 7 12 4.5 -1.3
SCHK Schwab 1000 Index ETF 44.6 5 14 4.6 -1.3
IWB iShares Russell 1000 ETF 44.4 15 4 4.4 -1.4
IYY iShares Dow Jones U.S. ETF 44.3 20 -1 4.4 -1.4
VV Vanguard Large-Cap Index Fund 44.3 4 15 4.6 -1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.3 2 17 4.6 -1.2
SPXE ProShares S&P 500 Ex-Energy ETF 44.3 27 -8 4.6 -1.2
VTHR Vanguard Russell 3000 Index Fund 43.9 10 9 4.4 -1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 43.9 20 -1 4.6 -1.3
DFAU Dimensional US Core Equity Market ETF 43.7 12 7 4.7 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 43.5 12 7 5.0 -0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 43.4 25 -6 5.7 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 43.3 35 -16 5.1 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 43.3 17 2 5.6 -0.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 43.0 35 -16 5.0 -0.8
RWL Invesco S&P 500 Revenue ETF 43.0 39 -20 6.3 +0.4
IWV iShares Russell 3000 ETF 42.9 20 -1 4.3 -1.6
VOOV Vanguard S&P 500 Value ETF 42.9 10 9 6.6 +0.8
SCHB Schwab U.S. Broad Market ETF 42.9 3 16 4.4 -1.4
XVV iShares ESG Screened S&P 500 ETF 42.7 8 11 4.9 -1.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.7 3 16 4.4 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 42.7 15 4 4.4 -1.4
IUS Invesco Strategic US ETF 42.6 19 0 5.5 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 42.5 25 -6 5.9 +0.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 42.4 35 -16 5.1 -0.8
SFY SoFi Select 500 ETF 42.3 0 19 4.6 -1.3
VONE Vanguard Russell 1000 ETF 42.2 8 11 4.5 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 42.1 27 -8 4.3 -1.5
VTI Vanguard Total Stock Market Index Fund 42.1 3 16 4.4 -1.4
AVUS Avantis U.S. Equity ETF 42.0 15 4 4.8 -1.0
MGC Vanguard Mega Cap Index Fund 41.6 7 12 4.6 -1.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 41.0 15 4 4.6 -1.2
DTD WisdomTree U.S.Total Dividend Fund 41.0 28 -9 6.2 +0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.8 18 1 5.6 -0.2
RSP Invesco S&P 500 Equal Weight ETF 40.8 20 -1 5.6 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 40.7 19 0 5.3 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 40.6 0 19 4.4 -1.4
IWL iShares Russell Top 200 ETF 40.6 15 4 4.4 -1.5
SCHV Schwab U.S. Large-Cap Value ETF 40.5 4 15 6.1 +0.2
IUSV iShares Core S&P U.S. Value ETF 40.2 4 15 6.4 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 40.2 4 15 6.4 +0.6
IVE iShares S&P 500 Value ETF 40.2 18 1 6.3 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 40.1 29 -10 4.6 -1.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 40.0 17 2 6.1 +0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 39.9 9 10 5.0 -0.9
ONEO SPDR Russell 1000 Momentum Focus ETF 39.7 20 -1 5.6 -0.3
VLU SPDR S&P 1500 Value Tilt ETF 39.7 12 7 6.2 +0.3
IQSU IQ Candriam ESG US Equity ETF 39.6 9 10 4.5 -1.4
DLN WisdomTree U.S. LargeCap Dividend Fund 39.6 28 -9 6.1 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.3 25 -6 4.9 -1.0
VONV Vanguard Russell 1000 Value Index Fund 39.2 8 11 6.2 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 39.0 27 -8 4.9 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.9 15 4 5.8 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 38.8 27 -8 4.3 -1.6
JVAL JPMorgan U.S. Value Factor ETF 38.4 12 7 7.1 +1.3
IWD iShares Russell 1000 Value ETF 38.2 19 0 6.0 +0.2
VTV Vanguard Value Index Fund 38.2 4 15 6.6 +0.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.1 12 7 4.0 -1.9
RNLC Large Cap US Equity Select ETF 38.1 60 -41 5.2 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.1 60 -41 3.6 -2.3
EFIV SPDR S&P 500 ESG ETF 38.0 10 9 4.6 -1.3
SNPE Xtrackers S&P 500 ESG ETF 38.0 10 9 4.6 -1.3
VALQ American Century STOXX U.S. Quality Value ETF 37.8 29 -10 7.8 +2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 37.8 25 -6 5.6 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 37.7 30 -11 5.4 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 37.5 32 -13 4.4 -1.4
RBUS Nationwide Risk-Based U.S. Equity ETF 37.4 30 -11 4.6 -1.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 37.1 29 -10 6.0 +0.2
USMV iShares Edge MSCI Min Vol USA ETF 37.1 15 4 5.3 -0.5
FEX First Trust Large Cap Core AlphaDEX Fund 36.9 60 -41 4.7 -1.2
STLC iShares Factors US Blend Style ETF 36.8 25 -6 4.8 -1.1
EUSA iShares MSCI USA Equal Weighted ETF 36.7 15 4 5.1 -0.7
TOK iShares MSCI Kokusai ETF 36.6 25 -6 4.9 -1.0
KOKU Xtrackers MSCI Kokusai Equity ETF 36.5 9 10 5.0 -0.8

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 18.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.8 %
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.