TrimTabs All Cap International Free-Cash-Flow
ALTAR
Score™
5.2% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
21.4x P/Sales
ratio
1.2x
P/BV
ratio
2.4x 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) $13
Currency USD
Expense ratio 59 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 86
Wgt avg mkt cap (mns) $49,265
Large cap (>$10bn) 66.2%
Mid cap ($2-10bn) 29.5%
Small cap (<$2bn) 4.3%
Developed mkts 97.1%
Emerging mkts 2.9%

TOP TEN HOLDINGS
ISHARES MSCI KOREA 3.2 %
PUMA AG 1.6 %
LULULEMON ATHLETICA INC 1.5 %
CSL LIMITED 1.5 %
CGI GROUP INC - CL A 1.5 %
PARTNERS GROUP HOLDING AG 1.4 %
ORIENTAL LAND CO LTD 1.4 %
NESTLE SA-REG 1.4 %
AIR CANADA 1.4 %
ASML HOLDING NV 1.4 %
Total 16.2 %

TOP COUNTRY EXPOSURE
JAPAN 24.5 %
BRITAIN 11.1 %
CANADA 10.5 %
SWITZERLAND 9.8 %
FRANCE 8.1 %
AUSTRALIA 6.1 %
NETHERLANDS 3.8 %
CHINA 3.1 %
GERMANY 2.9 %
ISRAEL 2.5 %

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.
19.1% 11.6% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.83 77%
MSCI EAFE 0.98 86%
MSCI Emg. Mkts. 0.69 70%

Technical Indicators
Recent close $26.78
30d moving avg. $26.29
Annualized volatility 12.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.32%
ADV underlying (mns) $11,239

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the TrimTabs All Cap International Free-Cash-Flow 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: 59 bp ALTAR Score™: 5.2%


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
(%)
PIZ Invesco DWA Dev. Mkts. Technical Leaders 21.5 80 -21 4.2 -1.0
EFG iShares MSCI EAFE Growth 19.7 40 19 5.0 -0.1
IDHQ Invesco Int'l Developed High Quality Portfolio 18.3 29 30 5.5 +0.3
IQDG WisdomTree International Quality Dividend Growth 17.4 38 21 6.6 +1.4
IMTM iShares MSCI Int'l Developed Momentum 17.3 30 29 5.3 +0.1
IHDG Wisdomtree International Hed 17.3 58 1 6.3 +1.1
IDMO Invesco S&P Int'l Dev. Momentum 16.5 25 34 4.7 -0.5
PDEV Principal International Multi-Factor Core Index 16.0 25 34 6.9 +1.7
IQLT iShares MSCI Int'l Developed Quality 15.8 30 29 6.1 +1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free 15.5 20 39 7.1 +2.0
DNL WisdomTree Global Ex-U.S. Growth 15.5 58 1 7.7 +2.6
CWI SPDR MSCI ACWI ex-US 15.4 30 29 7.4 +2.3
QEFA SPDR MSCI EAFE Quality Mix 15.2 30 29 6.6 +1.4
SPDW SPDR Portfolio World ex-US 14.9 4 55 7.2 +2.0
EFA iShares MSCI EAFE 14.7 31 28 7.0 +1.8
QINT American Century Quality Diversified International 14.7 39 20 6.3 +1.1
ESGD iShares MSCI EAFE ESG Optimized 14.7 20 39 6.9 +1.7
DBEF Xtrackers MSCI EAFE Hedged 14.5 35 24 6.9 +1.7
IGRO iShares International Dividend Growth 14.3 22 37 8.0 +2.8
FDEV Fidelity Targeted International Factor 14.2 39 20 6.9 +1.7

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:
TrimTabs All Cap International Free-Cash-Flow
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 12.9 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.63
 
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.