Schwab Emerging Markets Equity
ALTAR
Score™
8.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.7x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Schwab Emerging Market ETF is an exchange-traded fund incorporated in the USA. The Fund's goal is to track as closely as possible, before fees and expenses, the total return of the FTSE All-Emerging Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Charles Schwab Investment Management Inc
Website www.schwabetfs.com
Inception date Jan 13, 2010
Assets (mns) $6,439
Currency USD
Expense ratio 13 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1300
Wgt avg mkt cap (mns) $82,199
Large cap (>$10bn) 67.3%
Mid cap ($2-10bn) 28.6%
Small cap (<$2bn) 2.7%
Developed mkts 8.3%
Emerging mkts 89.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 5.2 %
TAIWAN SEMICONDUCTOR MANUFAC 4.7 %
TENCENT HOLDINGS LTD 4.6 %
CHINA CONSTRUCTION BANK-H 1.5 %
PING AN INSURANCE GROUP CO-H 1.3 %
RELIANCE INDUSTRIES LTD 1.2 %
NASPERS LTD-N SHS 1.2 %
IND & COMM BK OF CHINA - H 1.1 %
HOUSING DEVELOPMENT FINANCE 1.0 %
GAZPROM OAO 0.8 %
Total 22.6 %

TOP COUNTRY EXPOSURE
CHINA 30.8 %
TAIWAN 13.1 %
INDIA 10.5 %
BRAZIL 8.5 %
SOUTH AFRICA 5.6 %
HONG KONG 4.9 %
THAILAND 3.3 %
MEXICO 2.9 %
MALAYSIA 2.6 %
SAUDI ARABIA 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 14.8% 3.1% -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.81 45%
MSCI EAFE 1.08 68%
MSCI Emg. Mkts. 0.99 95%

Technical Indicators
Recent close $26.62
30d moving avg. $25.94
Annualized volatility 14.5%
Short interest (ETF) 0.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 1,047
Turnover 0.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $30,940

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Schwab Emerging Markets Equity ETF based on the alternatives' overlap in portfolio holdings with SCHE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SCHE Expense: 13 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SCHE
Ticker Fund
Name
Overlap1
vs SCHE
(%)
Expense
ratio
(bp)
Savings
vs SCHE
(bp)
ALTAR
Score™
(%)
ALTAR
vs SCHE
(%)
PBEE Invesco PureBeta FTSE Emerging Markets 78.6 14 -1 9.2 +0.6
EEM iShares MSCI Emerging Markets 77.4 67 -54 8.5 -0.1
VWO Vanguard Emerging Markets 75.5 12 1 8.7 +0.0
DBEM Xtrackers MSCI Emg. Mkts. Hedged 74.1 65 -52 8.4 -0.2
IEMG iShares Core MSCI Emerging Markets 71.5 14 -1 8.6 -0.1
FLAX Franklin FTSE Asia Ex Japan 67.0 19 -6 8.6 -0.0
EEMA iShares MSCI Emg Mkts Asia 63.7 50 -37 8.7 +0.0
AAXJ iShares MSCI Asia ex-Japan 62.9 67 -54 8.2 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 61.5 30 -17 8.5 -0.1
JHEM John Hancock Multifactor Emerging Markets 60.6 55 -42 8.8 +0.1
SPEM SPDR Portfolio Emerging Markets 59.1 11 2 8.4 -0.2
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 52.0 45 -32 9.1 +0.5
XSOE WisdomTree Emg Mkt ex-SOE 51.3 32 -19 6.9 -1.7
PXH Invesco FTSE-RAFI Emerging Markets 50.9 50 -37 12.4 +3.7
GMF SPDR S&P Emerging Asia Pacific 50.9 49 -36 8.1 -0.6
BKF iShares MSCI BRIC 50.6 67 -54 8.7 +0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity 48.7 20 -7 8.2 -0.4
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 48.0 59 -46 10.5 +1.8
ESGE iShares MSCI EM ESG Optimized 45.6 25 -12 9.3 +0.6
QEMM SPDR MSCI Emerging Markets Quality Mix 44.1 30 -17 9.3 +0.6

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

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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:
Schwab Emerging Markets Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.