TrimTabs All Cap International Free-Cash-Flow ETF
ALTAR
Score™
5.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
2.7x
P/BV
ratio
3.1x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The TrimTabs All Cap International Free-Cash-Flow ETF aims to outperform a broad, developed-market ex-US equity index. The actively managed fund selects stocks based on trends in outstanding shares, firm leverage, and free cash flow.

FUND BASICS
Category International Equities
Fund Sponsor TrimTabs Asset Management
Website trimtabsfunds.com
Inception date Jun 28, 2017
Assets (mns) $11
Currency USD
Expense ratio 61 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 69
Wgt avg mkt cap (mns) $65,738
Large cap (>$10bn) 80.1%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 0.0%
Developed mkts 95.3%
Emerging mkts 4.7%

TOP TEN HOLDINGS
ISHARES MSCI SOUTH KOREA ETF 3.0 %
LULULEMON ATHLETICA INC 2.5 %
NICE SYSTEMS LTD-SPONS ADR 2.5 %
ROCHE HOLDING AG-GENUSSCHEIN 2.3 %
NOVARTIS AG-REG 2.2 %
OMRON CORP 2.1 %
ATLASSIAN CORP. PLC CLASS A 1.9 %
DIAGEO PLC 1.9 %
ASML HOLDING NV 1.8 %
YUM CHINA HOLDINGS, INC. 1.8 %
Total 21.9 %

TOP COUNTRY EXPOSURE
JAPAN 23.0 %
SWITZERLAND 13.5 %
BRITAIN 11.5 %
FRANCE 7.1 %
AUSTRALIA 5.5 %
GERMANY 5.4 %
CHINA 4.4 %
ISRAEL 3.7 %
DENMARK 2.7 %
CANADA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.6% -0.0% -- -- -0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 83%
MSCI EAFE 0.99 91%
MSCI Emg. Mkts. 0.72 74%

Technical Indicators
Recent close $24.76
30d moving avg. $22.75
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.80%
ADV underlying (mns) $16,461

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the TrimTabs All Cap International Free-Cash-Flow ETF ETF based on the alternatives' overlap in portfolio holdings with TTAI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: TTAI Expense: 61 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH TTAI
Ticker Fund
Name
Overlap1
vs TTAI
(%)
Expense
ratio
(bp)
Savings
vs TTAI
(bp)
ALTAR
Score™
(%)
ALTAR
vs TTAI
(%)
IDHQ Invesco S&P International Developed High Quality ETF 23.3 29 32 5.5 +0.5
EFG iShares MSCI EAFE Growth ETF 21.9 40 21 4.8 -0.3
IQSI IQ Candriam ESG International Equity ETF 21.4 15 46 7.5 +2.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 21.3 30 31 6.3 +1.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 19.6 14 47 7.1 +2.1
IEV iShares Europe ETF 19.6 59 2 7.0 +2.0
QEFA SPDR MSCI EAFE Quality Mix ETF 19.5 30 31 6.9 +1.9
QINT American Century Quality Diversified International ETF 19.0 39 22 6.0 +1.0
BBEU JPMorgan BetaBuilders Europe ETF 18.9 9 52 7.5 +2.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.9 20 41 7.4 +2.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 18.9 45 16 6.9 +1.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 18.9 30 31 7.0 +2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 18.8 20 41 7.3 +2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 18.8 83 -22 6.4 +1.4
FLEE Franklin FTSE Europe ETF 18.8 9 52 7.2 +2.2
FLEH Franklin FTSE Europe Hedged ETF 18.6 9 52 7.3 +2.2
EFA iShares MSCI EAFE ETF 18.2 32 29 7.3 +2.3
DOL WisdomTree International LargeCap Dividend Fund 18.1 48 13 8.7 +3.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.0 35 26 7.1 +2.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 18.0 48 13 0.0 -5.0
IEUR iShares Core MSCI Europe ETF 17.8 9 52 7.5 +2.4
IDMO Invesco S&P International Developed Momentum ETF 17.7 25 36 4.7 -0.3
CWI SPDR MSCI ACWI ex-US ETF 17.6 30 31 7.8 +2.7
FEU SPDR Portfolio Europe ETF 17.5 9 52 7.5 +2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.4 16 45 7.2 +2.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.3 30 31 5.0 -0.0
HFXI IQ 50 Percent Hedged FTSE International ETF 17.1 20 41 7.7 +2.6
VIGI Vanguard International Dividend Appreciation ETF 17.0 25 36 6.0 +1.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.8 25 36 6.9 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 16.8 40 21 7.0 +2.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 16.5 7 54 7.7 +2.7
SPDW SPDR Portfolio Developed World ex-US ETF 16.5 4 57 7.4 +2.3
VGK Vanguard FTSE Europe ETF 16.4 8 53 7.5 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 16.3 83 -22 5.1 +0.0
PIZ Invesco DWA Developed Markets Momentum ETF 16.3 80 -19 4.3 -0.7
IEFA iShares Core MSCI EAFE ETF 16.0 7 54 7.4 +2.4
SCHF Schwab International Equity ETF 15.8 6 55 7.5 +2.5
DNL WisdomTree Global ex-US Dividend Growth Fund 15.8 58 3 8.0 +3.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 15.6 58 3 6.4 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 15.5 32 29 7.6 +2.6
IQDG WisdomTree International Quality Dividend Growth Fund 15.5 38 23 6.5 +1.5
FDEV Fidelity Targeted International Factor ETF 15.4 39 22 6.7 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.3 40 21 7.5 +2.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 15.3 47 14 13.8 +8.7
VEU Vanguard FTSE All-World ex-US Index Fund 15.1 8 53 7.9 +2.8
IDEV iShares Core MSCI International Developed Markets ETF 15.0 5 56 7.4 +2.4
PDEV Principal International Multi-Factor Core Index ETF 15.0 25 36 8.0 +3.0
OEUR O'shares FTSE Europe Quality Dividend ETF 14.8 48 13 6.7 +1.7
JHMD John Hancock Multifactor Developed International ETF 14.7 45 16 7.6 +2.5
DWM WisdomTree International Equity Fund 14.5 48 13 8.4 +3.3
EUDV ProShares MSCI Europe Dividend Growers ETF 14.3 55 6 7.0 +2.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 14.3 58 3 6.2 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 14.3 25 36 6.9 +1.9
IXUS ishares Core MSCI Total International Stock ETF 14.2 9 52 7.7 +2.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.1 35 26 8.7 +3.7
EUMV iShares Edge MSCI Min Vol Europe ETF 13.9 25 36 5.6 +0.6
VEA Vanguard FTSE Developed Markets ETF 13.8 5 56 7.6 +2.5
VSGX Vanguard ESG International Stock ETF 13.7 17 44 7.5 +2.5
VXUS Vanguard Total International Stock Index Fund 13.6 8 53 7.8 +2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.3 39 22 6.8 +1.7
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 13.2 52 9 5.4 +0.4
IDY Pacific Global International Equity Income ETF 13.0 39 22 8.2 +3.1
DWCR Arrow DWA Country Rotation ETF 12.9 95 -34 17.8 +12.8
IGRO iShares International Dividend Growth ETF 12.9 22 39 8.2 +3.1
FLSW Franklin FTSE Switzerland ETF 12.7 9 52 5.7 +0.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.6 20 41 5.9 +0.9
JPXN iShares JPX-Nikkei 400 ETF 12.0 48 13 7.5 +2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.0 32 29 6.6 +1.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 12.0 9 52 7.9 +2.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 11.9 83 -22 7.1 +2.1
EWL iShares MSCI Switzerland ETF 11.9 50 11 5.1 +0.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 11.8 50 11 6.6 +1.6
EWJ iShares MSCI Japan ETF 11.7 49 12 7.4 +2.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.6 45 16 7.4 +2.3
IQDF FlexShares International Quality Dividend Index Fund 11.6 47 14 13.2 +8.1
QJPN SPDR MSCI Japan StrategicFactors ETF 11.4 14 47 8.0 +2.9
BBJP JPMorgan BetaBuilders Japan ETF 11.4 19 42 7.7 +2.6
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 11.1 30 31 7.6 +2.5
FLJP Franklin FTSE Japan ETF 11.1 9 52 7.8 +2.8
FNDF Schwab Fundamental International Large Co. Index ETF 11.0 25 36 8.9 +3.8
FLJH Franklin FTSE Japan Hedged ETF 10.9 9 52 7.7 +2.7
JOYY Infusive Compounding Global Equities ETF 10.9 50 11 3.9 -1.1
EURZ Xtrackers Eurozone Equity ETF 10.8 9 52 7.3 +2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.8 45 16 9.1 +4.0
EZU iShares MSCI Eurozone ETF 10.8 49 12 7.0 +1.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 10.6 47 14 12.9 +7.9
RNDM Developed International Equity Select ETF 10.6 65 -4 6.5 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 10.6 25 36 7.6 +2.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 10.5 45 16 6.9 +1.9
IOO iShares Global 100 ETF 10.5 40 21 4.9 -0.1
IPAC iShares Core MSCI Pacific ETF 10.5 9 52 7.5 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 10.4 39 22 9.2 +4.2
FSZ First Trust Switzerland AlphaDEX Fund 10.2 80 -19 6.5 +1.4
ISDX Invesco Strategic Developed ex-US ETF 10.1 23 38 7.6 +2.6
JPEU JPMorgan Diversified Return Europe Equity ETF 9.9 37 24 7.0 +1.9
DGT SPDR Global Dow ETF 9.7 50 11 6.9 +1.9
CIL VictoryShares International Volatility Weighted Index ETF 9.7 45 16 6.8 +1.8
FIVA Fidelity International Value Factor ETF 9.5 39 22 10.4 +5.4
RBIN Nationwide Risk-Based International Equity ETF 9.3 42 19 6.5 +1.5

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:
TrimTabs All Cap International Free-Cash-Flow ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.59
 
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.