TrimTabs All Cap International Free-Cash-Flow ETF
ALTAR
Score™
4.5% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
32.7x P/Sales
ratio
2.6x
P/BV
ratio
2.9x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The TrimTabs All Cap International Free-Cash-Flow ETF seeks to generate long-term returns in excess of the total return of the S&P Developed ex-U.S. BMI Index, with similar volatility to that Index.

FUND BASICS
Category International Equities
Fund Sponsor TrimTabs Asset Management
Website trimtabsfunds.com
Inception date Jun 27, 2017
Assets (mns) $14
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 79
Wgt avg mkt cap (mns) $73,419
Large cap (>$10bn) 79.5%
Mid cap ($2-10bn) 20.5%
Small cap (<$2bn) 0.0%
Developed mkts 94.6%
Emerging mkts 5.4%

TOP TEN HOLDINGS
ISHARES MSCI EUROPE FINANCIALS ETF 4.1 %
ISHARES MSCI SOUTH KOREA ETF 3.8 %
SAMSUNG ELECTR-GDR REGS 2.5 %
UBS GROUP AG 2.3 %
FORTESCUE METALS GROUP LTD 1.9 %
ROYAL BANK OF CANADA 1.9 %
DNB NOR ASA 1.8 %
BNP PARIBAS 1.8 %
TOKYO ELECTRON LTD 1.7 %
SIEMENS AG-REG 1.7 %
Total 23.4 %

TOP COUNTRY EXPOSURE
JAPAN 21.3 %
BRITAIN 10.9 %
SWITZERLAND 9.6 %
GERMANY 7.3 %
FRANCE 7.2 %
CANADA 6.6 %
AUSTRALIA 6.4 %
NORWAY 3.2 %
CHINA 2.9 %
ISRAEL 2.6 %

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.
18.3% 18.3% -- -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 84%
MSCI EAFE 0.94 91%
MSCI Emg. Mkts. 0.75 74%

Technical Indicators
Recent close $33.00
30d moving avg. $31.99
Annualized volatility 18.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $14,874

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.5%


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
(%)
DFAI Dimensional International Core Equity Market ETF 33.2 18 43 6.3 +1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 18.9 30 31 5.2 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 18.5 30 31 4.1 -0.4
RFDI First Trust Riverfront Dynamic Developed International ETF 18.2 83 -22 5.1 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.1 14 47 6.1 +1.6
EFG iShares MSCI EAFE Growth ETF 17.9 40 21 4.1 -0.4
ESGD iShares MSCI EAFE ESG Optimized ETF 17.5 20 41 6.1 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 17.3 47 14 8.0 +3.5
BKIE BNY Mellon International Equity ETF 17.3 4 57 6.5 +2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 16.7 12 49 6.2 +1.7
RESD WisdomTree International ESG Fund 16.6 30 31 6.5 +2.0
CWI SPDR MSCI ACWI ex-US ETF 16.5 30 31 6.1 +1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 16.2 20 41 6.3 +1.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 16.1 35 26 5.9 +1.5
DOL WisdomTree International LargeCap Dividend Fund 16.0 48 13 7.1 +2.6
GSID Goldman Sachs MarketBeta International Equity ETF 16.0 20 41 6.3 +1.8
EFA iShares MSCI EAFE ETF 15.9 32 29 6.2 +1.7
IEV iShares Europe ETF 15.8 59 2 6.2 +1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 15.7 35 26 6.1 +1.6
NUDM Nuveen ESG International Developed Markets Equity ETF 15.5 40 21 5.9 +1.4
IQDF FlexShares International Quality Dividend Index Fund 15.5 47 14 7.8 +3.4
PDEV Principal International Multi-Factor Core Index ETF 15.5 25 36 7.0 +2.6
SPDW SPDR Portfolio Developed World ex-US ETF 15.4 4 57 6.2 +1.7
BBEU JPMorgan BetaBuilders Europe ETF 15.2 9 52 6.6 +2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.2 45 16 5.9 +1.4
IQSI IQ Candriam ESG International Equity ETF 15.2 15 46 6.4 +1.9
FLEE Franklin FTSE Europe ETF 15.2 9 52 6.4 +1.9
FLEH Franklin FTSE Europe Hedged ETF 15.1 9 52 6.4 +1.9
QEFA SPDR MSCI EAFE Quality Mix ETF 15.0 30 31 6.0 +1.5
IDHQ Invesco S&P International Developed Quality ETF 14.8 29 32 4.7 +0.3
VIGI Vanguard International Dividend Appreciation ETF 14.7 20 41 5.0 +0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 14.5 20 41 6.4 +1.9
IEUR iShares Core MSCI Europe ETF 14.3 9 52 6.5 +2.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.2 16 45 5.9 +1.4
SCHF Schwab International Equity ETF 14.2 6 55 6.5 +2.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.2 7 54 6.5 +2.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 14.2 25 36 5.8 +1.4
QINT American Century Quality Diversified International ETF 14.2 39 22 5.6 +1.2
PIZ Invesco DWA Developed Markets Momentum ETF 14.1 81 -20 4.4 -0.1
SPEU SPDR Portfolio Europe ETF 14.0 9 52 6.7 +2.2
IEFA iShares Core MSCI EAFE ETF 13.9 7 54 6.4 +2.0
IDEV iShares Core MSCI International Developed Markets ETF 13.9 5 56 6.4 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 13.7 8 53 6.6 +2.1
IDMO Invesco S&P International Developed Momentum ETF 13.5 26 35 3.7 -0.8
JIG JPMorgan International Growth ETF 13.5 55 6 2.5 -2.0
VGK Vanguard FTSE Europe ETF 13.5 8 53 6.7 +2.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 13.3 58 3 5.0 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 13.2 25 36 6.0 +1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 13.0 39 22 5.5 +1.0
RFEU First Trust Riverfront Dynamic Europe ETF 13.0 83 -22 5.6 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 12.9 40 21 7.2 +2.8
DWM WisdomTree International Equity Fund 12.9 48 13 7.1 +2.7
VSGX Vanguard ESG International Stock ETF 12.8 17 44 6.3 +1.8
FDEV Fidelity Targeted International Factor ETF 12.7 39 22 6.1 +1.6
ACWX iShares MSCI ACWI ex U.S. ETF 12.7 32 29 6.3 +1.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 12.6 9 52 6.6 +2.2
JPXN iShares JPX-Nikkei 400 ETF 12.6 48 13 6.2 +1.8
EWJ iShares MSCI Japan ETF 12.5 51 10 6.1 +1.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.5 40 21 6.0 +1.6
VEA Vanguard FTSE Developed Markets ETF 12.5 5 56 6.5 +2.0
JHMD John Hancock Multifactor Developed International ETF 12.4 39 22 6.5 +2.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.4 45 16 6.1 +1.6
ZJPN SPDR Solactive Japan ETF 12.3 14 47 6.5 +2.0
IQDG WisdomTree International Quality Dividend Growth Fund 12.3 42 19 5.9 +1.4
IGRO iShares International Dividend Growth ETF 12.2 15 46 7.0 +2.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.2 25 36 6.2 +1.7
BBJP JPMorgan BetaBuilders Japan ETF 12.1 19 42 6.4 +1.9
IQDE FlexShares International Quality Dividend Defensive Index ET 12.1 47 14 7.8 +3.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.0 58 3 5.8 +1.3
FLJP Franklin FTSE Japan ETF 11.9 9 52 6.5 +2.1
EURZ Xtrackers Eurozone Equity ETF 11.9 9 52 6.4 +2.0
FLJH Franklin FTSE Japan Hedged ETF 11.9 9 52 6.5 +2.1
EZU iShares MSCI Eurozone ETF 11.9 51 10 5.9 +1.5
IXUS ishares Core MSCI Total International Stock ETF 11.4 9 52 6.4 +1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.3 45 16 7.5 +3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.3 45 16 6.0 +1.5
FEZ SPDR EURO STOXX 50 ETF 11.1 29 32 6.1 +1.6
OEUR O'shares FTSE Europe Quality Dividend ETF 11.0 48 13 5.1 +0.6
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 10.9 83 -22 5.0 +0.6
RBIN Nationwide Risk-Based International Equity ETF 10.8 42 19 6.0 +1.6
IPAC iShares Core MSCI Pacific ETF 10.3 9 52 6.3 +1.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.2 58 3 6.4 +2.0
DSTX Distillate International Fundamental Stability & Value ETF 9.9 55 6 5.9 +1.4
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 9.8 56 5 5.4 +0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 9.8 51 10 5.0 +0.5
EUDV ProShares MSCI Europe Dividend Growers ETF 9.8 56 5 4.9 +0.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 9.6 23 38 6.2 +1.7
FIDI Fidelity International High Dividend ETF 9.6 39 22 10.1 +5.7
RNDM First Trust Developed International Equity Select ETF 9.5 65 -4 5.6 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 9.5 25 36 7.6 +3.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 9.3 32 29 5.7 +1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 9.3 39 22 7.4 +2.9
VXUS Vanguard Total International Stock ETF 9.3 8 53 6.5 +2.1
IQIN IQ 500 International ETF 9.2 25 36 7.5 +3.1
EFV iShares MSCI EAFE Value ETF 9.2 39 22 8.3 +3.8
CIL VictoryShares International Volatility Weighted Index ETF 9.1 45 16 6.3 +1.8
VWID Virtus WMC International Dividend ETF 9.1 49 12 7.3 +2.9
FSZ First Trust Switzerland AlphaDEX Fund 9.1 80 -19 4.7 +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:
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 13.8 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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