VictoryShares USAA MSCI International Value Momentum ETF
ALTAR
Score™		 7.6% info Recommen-
dation		 OVERWEIGHT
2021E    2022E
P/E
ratio		 13.7x P/Sales
ratio		 0.8x
P/BV
ratio		 1.1x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI World ex USA Select Value Momentum Blend Index.

FUND BASICS
Category International Equities
Fund Sponsor USAA Asset Management
Website www.usaa.com
Inception date Oct 24, 2017
Assets (mns) $436
Currency USD
Expense ratio 35 bp
Distributions Semi-annual

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 314
Wgt avg mkt cap (mns) $25,933
Large cap (>$10bn) 66.6%
Mid cap ($2-10bn) 30.2%
Small cap (<$2bn) 0.3%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
WM MORRISON SUPERMARKETS 0.9 %
EQT AB 0.8 %
SOFINA 0.8 %
CK ASSET HOLDINGS LIMITED 0.8 %
WILMAR INTERNATIONAL LTD 0.8 %
SUN HUNG KAI PROPERTIES 0.8 %
CK HUTCHISON HOLDINGS LTD 0.8 %
DEUTSCHE POST AG-REG 0.7 %
ROYAL AHOLD DELHAIZE N.V. 0.7 %
PORSCHE AUTOMOBIL HLDG-PFD 0.7 %
Total 7.7 %

TOP COUNTRY EXPOSURE
JAPAN 26.9 %
BRITAIN 11.7 %
GERMANY 9.6 %
CANADA 7.5 %
FRANCE 7.1 %
HONG KONG 6.4 %
SWEDEN 4.8 %
AUSTRALIA 4.2 %
DENMARK 3.2 %
NETHERLANDS 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.2% 43.1% -- -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.88 82%
MSCI EAFE 0.95 95%
MSCI Emg. Mkts. 0.76 74%

Technical Indicators
Recent close $48.95
30d moving avg. $48.62
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $26,009

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 440 potential alternatives to the VictoryShares USAA MSCI International Value Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with UIVM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: UIVM Expense: 35 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH UIVM
Ticker Fund
Name		 Overlap1
vs UIVM
(%)		 Expense
ratio
(bp)		 Savings
vs UIVM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs UIVM
(%)
DFAI Dimensional International Core Equity Market ETF 53.7 18 17 6.0 -1.6
IVLU iShares Edge MSCI Intl Value Factor ETF 39.0 30 5 9.4 +1.9
ISZE iShares Edge MSCI Intl Size Factor ETF 33.5 30 5 5.8 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 32.9 25 10 5.8 -1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 32.9 29 6 6.7 -0.9
FDT First Trust Developed Markets ex-US Alphadex Fund 32.3 80 -45 7.0 -0.6
IQIN IQ 500 International ETF 30.2 25 10 7.0 -0.6
INTF iShares Edge MSCI Multifactor Intl ETF 30.2 30 5 7.2 -0.4
JHMD John Hancock Multifactor Developed International ETF 30.0 39 -4 6.0 -1.5
DWMF WisdomTree International Multifactor Fund 29.8 38 -3 6.0 -1.6
IMFL Invesco International Developed Dynamic Multifactor ETF 29.1 34 1 8.1 +0.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 28.8 39 -4 5.6 -2.0
FEP First Trust Europe AlphaDEX Fund 28.5 80 -45 6.5 -1.1
EFV iShares MSCI EAFE Value ETF 28.1 39 -4 7.8 +0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 28.0 30 5 3.7 -3.9
QINT American Century Quality Diversified International ETF 27.8 39 -4 6.2 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 27.7 25 10 7.4 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 27.6 24 11 6.5 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 27.2 45 -10 5.9 -1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 27.1 45 -10 5.9 -1.7
EFA iShares MSCI EAFE ETF 27.1 32 3 5.9 -1.7
EWJE iShares MSCI Japan Equal Weighted ETF 26.7 15 20 6.1 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 26.6 36 -1 5.9 -1.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 26.3 25 10 5.6 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 26.3 20 15 5.9 -1.6
HFXI IQ 50 Percent Hedged FTSE International ETF 26.1 20 15 6.2 -1.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 26.1 20 15 5.9 -1.7
PDEV Principal International Multi-Factor Core Index ETF 25.9 25 10 6.6 -1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 25.9 20 15 5.9 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.2 45 -10 6.9 -0.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.2 29 6 7.1 -0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 24.8 30 5 5.7 -1.9
JPIN JPMorgan Diversified Return International Equity ETF 24.7 37 -2 6.9 -0.7
RESD WisdomTree International ESG Fund 24.5 30 5 5.9 -1.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 24.3 7 28 6.2 -1.4
BKIE BNY Mellon International Equity ETF 24.1 4 31 6.3 -1.3
ISDX Invesco RAFI Strategic Developed ex-US ETF 23.8 23 12 6.0 -1.6
IEFA iShares Core MSCI EAFE ETF 23.7 7 28 6.1 -1.5
IQSI IQ Candriam ESG International Equity ETF 23.7 15 20 6.0 -1.6
SCHF Schwab International Equity ETF 23.6 6 29 6.2 -1.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 23.3 35 0 5.7 -1.9
TPIF Timothy Plan International ETF 23.3 62 -27 5.6 -1.9
IDEV iShares Core MSCI International Developed Markets ETF 23.0 5 30 6.0 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 22.6 4 31 5.8 -1.7
RBIN Nationwide Risk-Based International Equity ETF 21.9 42 -7 5.5 -2.1
DMXF iShares ESG Advanced MSCI EAFE ETF 21.7 12 23 5.6 -2.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.5 25 10 6.2 -1.3
FDEV Fidelity Targeted International Factor ETF 20.9 39 -4 5.5 -2.1
IPAC iShares Core MSCI Pacific ETF 20.8 9 26 6.1 -1.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.8 40 -5 6.9 -0.7
DWM WisdomTree International Equity Fund 20.8 48 -13 6.7 -0.9
FEUZ First Trust Eurozone AlphaDEX ETF 20.5 80 -45 6.2 -1.3
EWJ iShares MSCI Japan ETF 20.4 51 -16 5.9 -1.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 20.4 46 -11 6.1 -1.4
AVDE Avantis International Equity ETF 20.3 23 12 6.4 -1.2
IEV iShares Europe ETF 20.3 59 -24 5.7 -1.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.2 46 -11 5.7 -1.9
IDMO Invesco S&P International Developed Momentum ETF 20.2 25 10 3.3 -4.2
BBJP JPMorgan BetaBuilders Japan ETF 20.1 19 16 3.0 -4.5
FLEH Franklin FTSE Europe Hedged ETF 20.1 9 26 6.1 -1.5
BBEU JPMorgan BetaBuilders Europe ETF 20.0 9 26 3.0 -4.6
FLEE Franklin FTSE Europe ETF 19.9 9 26 6.0 -1.6
FLJH Franklin FTSE Japan Hedged ETF 19.9 9 26 6.6 -1.0
CWI SPDR MSCI ACWI ex-US ETF 19.9 30 5 6.0 -1.6
FLJP Franklin FTSE Japan ETF 19.8 9 26 6.4 -1.2
ZJPN SPDR Solactive Japan ETF 19.6 14 21 6.4 -1.1
ACWX iShares MSCI ACWI ex U.S. ETF 19.4 32 3 6.1 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 19.4 14 21 5.7 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.9 41 -6 6.0 -1.6
IEUR iShares Core MSCI Europe ETF 18.9 9 26 6.0 -1.6
SPEU SPDR Portfolio Europe ETF 18.8 9 26 6.0 -1.6
EWJV iShares MSCI Japan Value ETF 18.8 15 20 8.3 +0.7
EZU iShares MSCI Eurozone ETF 18.4 51 -16 5.3 -2.2
JPXN iShares JPX-Nikkei 400 ETF 18.1 48 -13 6.1 -1.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 18.1 45 -10 5.7 -1.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 18.1 9 26 6.5 -1.1
EURZ Xtrackers Eurozone Equity ETF 18.1 9 26 5.8 -1.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 17.8 65 -30 9.6 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.6 39 -4 6.6 -1.0
DIM WisdomTree International MidCap Dividend Fund 17.6 58 -23 6.6 -1.0
FIVA Fidelity International Value Factor ETF 17.3 39 -4 8.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 17.3 48 -13 6.7 -0.8
VWID Virtus WMC International Dividend ETF 17.3 49 -14 7.2 -0.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 17.1 47 -12 5.5 -2.1
IXUS ishares Core MSCI Total International Stock ETF 17.1 9 26 6.2 -1.4
EFG iShares MSCI EAFE Growth ETF 16.3 40 -5 3.7 -3.8
RODE Hartford Multifactor Diversified International ETF 15.8 29 6 9.4 +1.9
ESGN Columbia Sustainable International Equity Income ETF 15.7 45 -10 8.5 +0.9
VPL Vanguard FTSE Pacific ETF 15.1 8 27 6.2 -1.3
VIDI Vident International Equity Fund 14.5 59 -24 8.8 +1.3
WLDR Affinity World Leaders Equity ETF 14.5 47 -12 7.6 -0.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.5 16 19 5.8 -1.8
VEA Vanguard FTSE Developed Markets ETF 14.2 5 30 6.1 -1.4
FJP First Trust Japan AlphaDEX Fund 14.1 80 -45 7.7 +0.1
DTH WisdomTree International High Dividend Fund 14.0 58 -23 8.1 +0.6
RNDM First Trust Developed International Equity Select ETF 14.0 65 -30 5.3 -2.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.0 30 5 5.1 -2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 14.0 40 -5 5.6 -2.0
DXJ WisdomTree Japan Hedged Equity Fund 13.7 48 -13 7.4 -0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.7 45 -10 8.1 +0.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 13.3 20 15 8.1 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.9 32 3 5.5 -2.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.7 61 -26 4.3 -3.2
IDLV Invesco S&P International Developed Low Volatility ETF 12.7 25 10 5.7 -1.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.6 20 15 4.9 -2.7
VEU Vanguard FTSE All-World ex-US Index Fund 12.5 8 27 6.4 -1.2
IDHQ Invesco S&P International Developed Quality ETF 12.3 29 6 4.9 -2.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 11.6 20 15 9.1 +1.5
VYMI Vanguard International High Dividend Yield ETF 11.5 27 8 8.6 +1.0
RFDI First Trust Riverfront Dynamic Developed International ETF 11.3 83 -48 5.0 -2.5
ACWF iShares MSCI Global Multifactor ETF 11.0 35 0 6.6 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 11.0 58 -23 7.3 -0.3
FKU First Trust United Kingdom AlphaDEX Fund 11.0 80 -45 7.3 -0.3
QWLD SPDR MSCI World StrategicFactors ETF 11.0 30 5 5.2 -2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 11.0 80 -45 5.5 -2.0
VSGX Vanguard ESG International Stock ETF 11.0 17 18 6.1 -1.5
VGK Vanguard FTSE Europe ETF 10.9 8 27 6.1 -1.5
EXI iShares Global Industrials ETF 10.4 46 -11 4.3 -3.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 10.3 42 -7 4.6 -3.0
VXUS Vanguard Total International Stock ETF 10.2 8 27 6.3 -1.3
ZGBR SPDR Solactive United Kingdom ETF 10.2 14 21 7.1 -0.5
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 10.1 83 -48 5.3 -2.3
IQDE FlexShares International Quality Dividend Defensive Index ET 10.0 47 -12 10.3 +2.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 10.0 45 -10 6.0 -1.6
URTH iShares MSCI World ETF 10.0 24 11 4.8 -2.8
EPP iShares MSCI Pacific ex-Japan ETF 9.9 48 -13 5.3 -2.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.9 58 -23 6.0 -1.6
DGT SPDR Global Dow ETF 9.8 50 -15 6.1 -1.5
EWU iShares MSCI United Kingdom ETF 9.8 51 -16 6.6 -1.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 9.7 39 -4 8.7 +1.1
FLGB Franklin FTSE United Kingdom ETF 9.6 9 26 6.9 -0.7
FLGR Franklin FTSE Germany ETF 9.6 9 26 6.3 -1.3
EWG iShares MSCI Germany ETF 9.6 51 -16 5.8 -1.8
RFEU First Trust Riverfront Dynamic Europe ETF 9.5 83 -48 4.7 -2.9
PIZ Invesco DWA Developed Markets Momentum ETF 9.5 80 -45 3.2 -4.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.3 19 16 2.7 -4.8
FIDI Fidelity International High Dividend ETF 9.2 39 -4 8.1 +0.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 9.2 30 5 7.4 -0.2
EUFN iShares MSCI Europe Financials ETF 9.2 48 -13 9.6 +2.1
GCOW Pacer Global High Dividend ETF 9.1 60 -25 9.5 +2.0
WWJD Inspire International ESG ETF 9.0 80 -45 5.3 -2.3
ACWI iShares MSCI ACWI ETF 8.9 32 3 4.9 -2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.8 47 -12 8.7 +1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 8.8 20 15 5.1 -2.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 8.7 20 15 5.1 -2.4
IGRO iShares International Dividend Growth ETF 8.6 15 20 6.6 -1.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 8.3 9 26 5.1 -2.5
FGM First Trust Germany AlphaDEX Fund 8.2 80 -45 5.2 -2.3
EWQ iShares MSCI France ETF 7.5 51 -16 4.9 -2.6
ZDEU SPDR Solactive Germany ETF 7.5 14 21 6.7 -0.9
FEZ SPDR EURO STOXX 50 ETF 7.3 29 6 5.4 -2.2
HAUZ Xtrackers International Real Estate ETF 7.3 10 25 7.4 -0.2
KLDW Gavekal Knowledge Leaders Developed World ETF 7.3 75 -40 4.0 -3.6
RXI iShares Global Consumer Discretionary ETF 7.3 46 -11 3.5 -4.0
DEW WisdomTree Global High Dividend Fund 7.2 58 -23 8.1 +0.6
FLHK Franklin FTSE Hong Kong ETF 7.0 9 26 6.4 -1.2
EWH iShares MSCI Hong Kong ETF 7.0 51 -16 5.7 -1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.0 58 -23 5.8 -1.8
FLFR Franklin FTSE France ETF 6.9 9 26 5.3 -2.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.9 80 -45 7.2 -0.4
IXG iShares Global Financials ETF 6.8 46 -11 7.9 +0.3
BLES Inspire Global Hope Large Cap ETF 6.8 52 -17 4.9 -2.7
IDOG ALPS International Sector Dividend Dogs ETF 6.8 50 -15 7.8 +0.3
HAP VanEck Vectors Natural Resources ETF 6.8 50 -15 5.0 -2.6
IQDG WisdomTree International Quality Dividend Growth Fund 6.7 42 -7 6.0 -1.6
GRES IQ Global Resources ETF 6.7 78 -43 5.6 -2.0
WPS iShares International Developed Property ETF 6.6 48 -13 6.2 -1.4
TOK iShares MSCI Kokusai ETF 6.6 25 10 4.7 -2.9
EWC iShares MSCI Canada ETF 6.5 51 -16 6.0 -1.6
FYLD Cambria Foreign Shareholder Yield ETF 6.4 59 -24 6.7 -0.9
IQDF FlexShares International Quality Dividend Index Fund 6.3 47 -12 7.9 +0.3
XT iShares Exponential Technologies ETF 6.3 47 -12 4.4 -3.1
KOKU Xtrackers MSCI Kokusai Equity ETF 6.3 9 26 4.8 -2.7
IMOM Alpha Architect International Quantitative Momentum ETF 6.2 59 -24 3.0 -4.5
LVHI Legg Mason International Low Volatility High Dividend ETF 6.1 40 -5 8.2 +0.7
IVAL Alpha Architect International Quantitative Value ETF 6.1 59 -24 7.7 +0.1
DAX Global X DAX Germany ETF 6.1 21 14 6.2 -1.4
JSTC Adasina Social Justice All Cap Global ETF 6.0 89 -54 4.8 -2.7
VIGI Vanguard International Dividend Appreciation ETF 6.0 20 15 4.6 -2.9
ZCAN SPDR Solactive Canada ETF 6.0 14 21 6.4 -1.2
IFGL iShares International Developed Real Estate ETF 5.9 48 -13 6.1 -1.5
DRW WisdomTree Global ex-US Real Estate Fund 5.8 58 -23 8.9 +1.3
DSTX Distillate International Fundamental Stability & Value ETF 5.8 55 -20 6.0 -1.5
BNE Blue Horizon BNE ETF 5.8 87 -52 2.7 -4.8
BBCA JPMorgan BetaBuilders Canada ETF 5.8 19 16 3.0 -4.6
IOO iShares Global 100 ETF 5.7 40 -5 4.6 -3.0
DVYA iShares Asia/Pacific Dividend ETF 5.7 49 -14 10.7 +3.1
VNQI Vanguard Global ex-U.S. Real Estate ETF 5.6 12 23 8.5 +1.0
EFAS Global X MSCI SuperDividend EAFE ETF 5.5 56 -21 7.5 -0.0
VT Vanguard Total World Stock ETF 5.5 8 27 5.2 -2.4
AIIQ AI Powered International Equity ETF 5.4 79 -44 4.0 -3.6
HEDJ WisdomTree Europe Hedged Equity Fund 5.4 58 -23 5.4 -2.2
FNDC Schwab Fundamental International Small Co. Index ETF 5.4 39 -4 5.0 -2.5
PICK iShares MSCI Global Metals & Mining Producers ETF 5.4 39 -4 6.7 -0.9
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 5.4 60 -25 5.4 -2.2
MXI iShares Global Materials ETF 5.3 45 -10 5.0 -2.6
OEUR O'shares FTSE Europe Quality Dividend ETF 5.2 48 -13 4.5 -3.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.2 51 -16 4.8 -2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.2 58 -23 4.9 -2.7
KXI iShares Global Consumer Staples ETF 5.1 46 -11 4.9 -2.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 5.0 49 -14 4.4 -3.1
GNR SPDR S&P Global Natural Resources ETF 5.0 40 -5 5.7 -1.8
ZHOK SPDR Solactive Hong Kong ETF 4.9 14 21 5.7 -1.9
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 4.9 46 -11 5.5 -2.1
IDV iShares International Select Dividend ETF 4.9 49 -14 9.2 +1.6
EWD iShares MSCI Sweden ETF 4.8 51 -16 7.4 -0.2
MOTI VanEck Vectors Morningstar International Moat ETF 4.8 58 -23 7.6 +0.1
ACWV iShares MSCI Global Min Vol Factor ETF 4.7 20 15 5.3 -2.3
DXGE WisdomTree Germany Hedged Equity Fund 4.7 48 -13 7.3 -0.3
IDRV iShares Self-driving EV & Tech ETF 4.5 47 -12 5.1 -2.5
GXF Global X FTSE Nordic Region ETF 4.3 56 -21 7.3 -0.3
SDGA Impact Shares Sustainable Development Goals Global ETF 4.3 75 -40 4.7 -2.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 4.2 65 -30 8.0 +0.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.1 47 -12 5.1 -2.4
JIG JPMorgan International Growth ETF 4.1 55 -20 2.5 -5.1
SDG iShares Sustainable MSCI Global Impact ETF 4.1 49 -14 5.3 -2.3
IPKW Invesco International BuyBack Achievers ETF 3.9 55 -20 6.3 -1.3
FLCA Franklin FTSE Canada ETF 3.8 9 26 6.5 -1.1
FAN First Trust Global Wind Energy ETF 3.8 62 -27 3.7 -3.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.7 59 -24 10.5 +3.0
DWCR Arrow DWA Country Rotation ETF 3.6 136 -101 3.2 -4.3
EWA iShares MSCI Australia ETF 3.6 51 -16 5.0 -2.6
AVDV Avantis International Small Cap Value ETF 3.6 36 -1 6.3 -1.3
RWX SPDR Dow Jones International Real Estate ETF 3.5 59 -24 5.4 -2.2
FLAU Franklin FTSE Australia ETF 3.5 9 26 5.5 -2.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 3.5 95 -60 4.8 -2.8
RWO SPDR Dow Jones Global Real Estate ETF 3.4 50 -15 5.3 -2.3
PBD Invesco Global Clean Energy ETF 3.3 75 -40 0.4 -7.1
CARZ First Trust NASDAQ Global Auto Index Fund 3.3 70 -35 8.9 +1.3
FDD First Trust Stoxx European Select Dividend Index Fund 3.2 58 -23 8.2 +0.7
EDEN iShares MSCI Denmark Capped ETF 3.2 53 -18 4.7 -2.9
WDIV SPDR Global Dividend ETF 3.2 40 -5 8.6 +1.0
GVAL Cambria Global Value ETF 3.1 65 -30 8.5 +1.0
IXJ iShares Global Healthcare ETF 3.1 46 -11 6.0 -1.5
IXP iShares Global Comm Services ETF 3.1 46 -11 4.8 -2.8
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.1 70 -35 2.1 -5.5
SCHC Schwab International Small-Cap Equity ETF 3.0 11 24 5.0 -2.5
GQRE FlexShares Global Quality Real Estate Index Fund 3.0 45 -10 5.7 -1.9
AIA iShares Asia 50 ETF 3.0 50 -15 5.9 -1.7
FICS First Trust International Developed Capital Strength ETF 2.9 70 -35 4.3 -3.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.9 70 -35 3.4 -4.2
NXTG First Trust Indxx NextG ETF 2.9 70 -35 5.1 -2.5
LUXE Emles Luxury Goods ETF 2.7 60 -25 1.6 -6.0
SDIV Global X SuperDividend ETF 2.7 59 -24 14.1 +6.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.7 70 -35 5.7 -1.8
JXI iShares Global Utilities ETF 2.7 46 -11 5.3 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 2.6 19 16 6.5 -1.1
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 2.6 50 -15 3.3 -4.2
SULR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 2.6 79 -44 3.8 -3.7
EWN iShares MSCI Netherlands ETF 2.6 51 -16 3.9 -3.7
EUDV ProShares MSCI Europe Dividend Growers ETF 2.5 56 -21 4.7 -2.8
DTEC ALPS Disruptive Technologies ETF 2.4 50 -15 2.7 -4.9
FILL iShares MSCI Global Energy Producers ETF 2.4 39 -4 5.7 -1.8
INFR Legg Mason Global Infrastructure ETF 2.4 40 -5 4.9 -2.6
SMEZ SPDR EURO STOXX Small Cap ETF 2.4 45 -10 5.7 -1.9
IXN iShares Global Tech ETF 2.4 46 -11 3.7 -3.9
FID First Trust S&P International Dividend Aristocrats ETF 2.4 60 -25 8.4 +0.9
DWX SPDR S&P International Dividend ETF 2.4 45 -10 6.9 -0.7
FLIY Franklin FTSE Italy ETF 2.3 9 26 7.5 -0.0
EWI iShares MSCI Italy ETF 2.3 51 -16 7.0 -0.6
DRIV Global X Autonomous & Electric Vehicles ETF 2.3 68 -33 4.4 -3.2
VEGI iShares MSCI Global Agriculture Producers ETF 2.2 39 -4 4.2 -3.4
GLIF AGFiQ Global Infrastructure ETF 2.2 45 -10 4.2 -3.3
SMOG VanEck Vectors Low Carbon Energy ETF 2.2 62 -27 1.2 -6.4
DIVS SmartETFs Dividend Builder ETF 2.1 65 -30 5.5 -2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 2.1 70 -35 3.4 -4.2
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 2.1 65 -30 1.4 -6.1
IXC iShares Global Energy ETF 2.0 46 -11 5.3 -2.3
PID Invesco International Dividend Achievers ETF 2.0 53 -18 8.0 +0.4
ICLN iShares Global Clean Energy ETF 2.0 46 -11 3.1 -4.5
NANR SPDR S&P North American Natural Resources ETF 2.0 35 0 3.9 -3.7
FTAG First Trust Indxx Global Agriculture ETF 1.9 70 -35 4.7 -2.8
FDRR Fidelity Dividend ETF for Rising Rates 1.9 29 6 6.2 -1.4
RNRG Global X Renewable Energy Producers ETF 1.9 65 -30 2.4 -5.2
FLM First Trust Global Engineering and Construction ETF 1.8 70 -35 7.4 -0.1
ECLN First Trust EIP Carbon Impact ETF 1.8 97 -62 3.0 -4.5
MOO VanEck Vectors Agribusiness ETF 1.8 56 -21 4.0 -3.5
EWP iShares MSCI Spain ETF 1.8 51 -16 7.2 -0.4
OGIG O'Shares Global Internet Giants ETF 1.8 48 -13 1.0 -6.5
IPOS Renaissance International IPO ETF 1.7 80 -45 -0.1 -7.7
PSP Invesco Global Listed Private Equity ETF 1.7 158 -123 5.7 -1.9
MOTO SmartETFs Smart Transportation & Technology ETF 1.6 68 -33 5.2 -2.4
DINT Davis Select International ETF 1.6 65 -30 5.3 -2.2
MJ ETFMG Alternative Harvest ETF 1.6 75 -40 -2.5 -10.1
FDNI First Trust Dow Jones International Internet ETF 1.6 65 -30 1.8 -5.7
PZD Invesco Cleantech ETF 1.5 65 -30 3.6 -4.0
FPXI First Trust International Equity Opportunities ETF 1.5 70 -35 2.3 -5.3
FTRI First Trust Indxx Global Natural Resources Income ETF 1.5 70 -35 9.0 +1.4
JEMA JPMorgan Emerging Markets Equity Core ETF 1.5 39 -4 5.8 -1.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 1.5 68 -33 4.3 -3.2
REET iShares Global REIT ETF 1.4 14 21 5.6 -2.0
ROBO Robo Global Robotics & Automation Index ETF 1.4 95 -60 2.2 -5.3
CRAK VanEck Vectors Oil Refiners ETF 1.4 60 -25 7.1 -0.5
COPX Global X Copper Miners ETF 1.4 65 -30 5.2 -2.4
FDVV Fidelity Core Dividend ETF 1.4 29 6 6.1 -1.5
EWO iShares MSCI Austria ETF 1.4 51 -16 7.8 +0.2
XBUY Amplify International Online Retail ETF 1.3 69 -34 1.1 -6.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 1.3 58 -23 6.6 -0.9
IRBO iShares Robotics and Artificial Intelligence Multisector ETF 1.3 47 -12 1.3 -6.3
GII SPDR S&P Global Infrastructure ETF 1.2 40 -5 4.2 -3.4
IGF iShares Global Infrastructure ETF 1.2 46 -11 4.1 -3.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 1.2 68 -33 1.1 -6.5
GAMR ETFMG Video Game Tech ETF 1.2 75 -40 2.8 -4.8
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 1.2 25 10 2.7 -4.9
BMED BlackRock Future Health ETF 1.2 85 -50 -0.7 -8.3
KOIN Innovation Shares NextGen Protocol ETF 1.2 95 -60 3.6 -3.9
GENY Principal Millennials Index ETF 1.2 45 -10 3.0 -4.5
QTUM Defiance Quantum ETF 1.1 40 -5 4.4 -3.1
TOKE Cambria Cannabis ETF 1.1 42 -7 -0.4 -7.9
NLR VanEck Vectors Uranium+Nuclear Energy ETF 1.1 61 -26 7.0 -0.6
BATT Amplify Advanced Battery Metals & Materials ETF 1.1 59 -24 2.7 -4.8
EFNL iShares MSCI Finland Capped ETF 1.1 53 -18 4.7 -2.9
EWS iShares MSCI Singapore ETF 1.1 51 -16 6.3 -1.3
EWK iShares MSCI Belgium Capped ETF 1.0 51 -16 6.1 -1.5
BJK VanEck Vectors Gaming ETF 1.0 65 -30 1.8 -5.8
URA Global X Uranium ETF 1.0 69 -34 1.2 -6.4
CTEC Global X CleanTech ETF 1.0 50 -15 1.7 -5.9
NORW Global X MSCI Norway ETF 1.0 50 -15 7.6 +0.1
ENOR iShares MSCI Norway ETF 1.0 53 -18 7.6 +0.1
NVQ QRAFT AI-Enhanced US Next Value ETF 1.0 75 -40 7.6 +0.0
IBUY Amplify Online Retail ETF 1.0 65 -30 -0.3 -7.9
BLDG Cambria Global Real Estate ETF 1.0 59 -24 7.0 -0.6
JOYY Infusive Compounding Global Equities ETF 0.9 50 -15 3.5 -4.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 0.9 85 -50 3.4 -4.2
BUYZ Franklin Disruptive Commerce ETF 0.9 50 -15 -0.1 -7.7
BTEK BlackRock Future Tech ETF 0.9 88 -53 -0.2 -7.8
AGNG Global X Aging Population ETF 0.9 50 -15 3.2 -4.3
IWFH iShares Virtual Work and Life Multisector ETF 0.9 47 -12 0.5 -7.1
SLVP iShares MSCI Global Silver Miners ETF 0.9 39 -4 2.5 -5.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.9 32 3 5.8 -1.8
FLSW Franklin FTSE Switzerland ETF 0.9 9 26 4.8 -2.7
EWL iShares MSCI Switzerland ETF 0.9 51 -16 4.3 -3.2
FSZ First Trust Switzerland AlphaDEX Fund 0.9 80 -45 3.6 -3.9
ASEA Global X Southeast Asia ETF 0.8 65 -30 7.6 +0.0
BETZ Roundhill Sports Betting & iGaming ETF 0.8 75 -40 3.5 -4.0
HART IQ Healthy Hearts ETF 0.7 45 -10 4.7 -2.9
SNSR Global X Internet of Things Thematic ETF 0.7 68 -33 3.7 -3.9
ESPO VanEck Vectors Video Gaming & eSports ETF 0.7 55 -20 3.0 -4.6
AFK VanEck Vectors Africa Index ETF 0.7 79 -44 7.7 +0.1
ACES ALPS Clean Energy ETF 0.7 55 -20 0.8 -6.8
RING iShares MSCI Global Gold Miners ETF 0.7 39 -4 4.8 -2.8
SGDM Sprott Gold Miners ETF 0.7 50 -15 4.4 -3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 0.7 49 -14 9.5 +1.9
KOL VanEck Vectors Coal ETF 0.7 60 -25 0.0 -7.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.6 11 24 5.3 -2.2
ENZL iShares MSCI New Zealand Capped ETF 0.6 51 -16 2.7 -4.9
EIS iShares MSCI Israel ETF 0.6 59 -24 6.4 -1.2
HERO Global X Video Games & Esports ETF 0.6 50 -15 3.9 -3.7
HERU-GB Global X Video Games & Esports UCITS ETF 0.6 50 -15 3.4 -4.1
FEVR Inspire Faithward Large Cap Momentum ESG ETF 0.6 85 -50 3.3 -4.3
ARKQ Ark Industrial Innovation ETF 0.6 75 -40 1.4 -6.2
GDVD Principal Active Global Dividend Income ETF 0.6 58 -23 0.0 -7.6
FFTY Innovator IBD 50 ETF 0.6 80 -45 11.1 +3.5
BOUT Innovator IBD Breakout Opportunities ETF 0.6 80 -45 7.3 -0.2
AADR AdvisorShares Dorsey Wright ADR ETF 0.6 110 -75 4.6 -2.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 0.6 75 -40 2.9 -4.6
QQQN VictoryShares Nasdaq Next 50 ETF 0.6 18 17 2.9 -4.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.6 15 20 2.3 -5.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.6 75 -40 1.8 -5.7
GIGE SoFi Gig Economy ETF 0.6 59 -24 -0.4 -8.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.6 95 -60 8.4 +0.8
HJEN Direxion Hydrogen ETF 0.6 45 -10 -0.2 -7.7
DVYE iShares Emerging Markets Dividend ETF 0.5 49 -14 16.4 +8.9
RSX VanEck Vectors Russia ETF 0.5 67 -32 14.9 +7.4
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.5 50 -15 13.0 +5.4
GXC SPDR S&P China ETF 0.5 59 -24 7.0 -0.5
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 0.5 60 -25 3.8 -3.8
EIRL iShares MSCI Ireland Capped ETF 0.5 51 -16 4.7 -2.9
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.5 58 -23 8.2 +0.7
DFJ WisdomTree Japan SmallCap Dividend Fund 0.5 58 -23 8.0 +0.5
PRNT The 3D Printing ETF 0.5 66 -31 1.3 -6.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.5 32 3 5.5 -2.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.5 47 -12 4.6 -3.0
HELX Franklin Genomic Advancements ETF 0.5 50 -15 -1.0 -8.5
DEM WisdomTree Emerging Markets High Dividend Fund 0.5 63 -28 12.2 +4.6
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 0.5 60 -25 1.6 -6.0
IPAY ETFMG Prime Mobile Payments ETF 0.4 75 -40 4.6 -3.0
TPAY Tortoise Digital Payments Infrastructure Fund 0.4 40 -5 4.1 -3.4
FINX Global X FinTech Thematic ETF 0.4 68 -33 2.5 -5.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 0.4 75 -40 5.7 -1.9
SPRE SP Funds S&P Global REIT Sharia ETF 0.4 69 -34 3.5 -4.1
SOCL Global X Social Media ETF 0.4 65 -30 1.9 -5.7
IDNA iShares Genomics Immunology & Healthcare ETF 0.4 47 -12 -2.8 -10.4
ARKF ARK Fintech Innovation ETF 0.4 75 -40 0.5 -7.0
PGAL Global X FTSE Portugal 20 ETF 0.4 58 -23 6.3 -1.3
AIQ Global X Future Analytics Tech ETF 0.4 68 -33 3.2 -4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.3 78 -43 7.9 +0.3
SIL Global X Silver Miners ETF 0.3 65 -30 2.8 -4.8
PPH VanEck Vectors Pharmaceutical ETF 0.3 35 0 10.3 +2.7
IZRL ARK Israel Innovative Technology ETF 0.3 49 -14 -0.7 -8.3
SILJ ETFMG Prime Junior Silver ETF 0.3 69 -34 1.5 -6.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.3 31 4 3.6 -3.9
WUGI Esoterica NextG Economy ETF 0.3 75 -40 0.8 -6.8
GMF SPDR S&P Emerging Asia Pacific ETF 0.3 49 -14 6.2 -1.4
PEX ProShares Global Listed Private Equity ETF 0.3 341 -306 5.1 -2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 24 6.8 -0.8
CVY Invesco Zacks Multi-Asset Income ETF 0.3 94 -59 7.8 +0.2
JGLD Amplify Pure Junior Gold Miners ETF 0.3 49 -14 4.1 -3.4
EDUT Global X Education ETF 0.3 50 -15 2.0 -5.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.3 80 -45 8.3 +0.7
OBOR KraneShares MSCI One Belt One Road Index ETF 0.3 79 -44 7.4 -0.2
ISRA VanEck Vectors Israel ETF 0.3 62 -27 5.3 -2.2
DWLD Davis Select Worldwide ETF 0.3 63 -28 6.1 -1.5
DFNL Davis Select Financial ETF 0.3 64 -29 6.1 -1.5
DUSA Davis Select U.S. Equity ETF 0.3 62 -27 6.1 -1.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -51 2.3 -5.3
PLAT WisdomTree Modern Tech Platforms Fund 0.3 20 15 1.3 -6.2
BLOK Amplify Transformational Data Sharing ETF 0.3 70 -35 1.3 -6.3
EBLU Ecofin Global Water ESG Fund 0.2 40 -5 3.6 -4.0
AQWA Global X Clean Water ETF 0.2 50 -15 3.6 -4.0
CGW Invesco S&P Global Water Index ETF 0.2 57 -22 3.6 -4.0
PIO Invesco Global Water ETF 0.2 75 -40 3.5 -4.1
WOOD iShares Global Timber & Forestry ETF 0.2 46 -11 7.0 -0.6
CUT Invesco MSCI Global Timber ETF 0.2 61 -26 6.6 -1.0
IVRA Invesco Real Assets ESG ETF 0.2 59 -24 4.9 -2.7
LOUP Innovator Loup Frontier Tech ETF 0.2 70 -35 1.8 -5.8
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 -10 2.6 -5.0
MMLG First Trust Multi-Manager Large Growth ETF 0.2 85 -50 1.5 -6.1
EPU iShares MSCI All Peru Capped ETF 0.2 59 -24 4.8 -2.8
ABEQ Absolute Core Strategy ETF 0.2 88 -53 3.6 -3.9
EDOC-GB Global X Telemedicine & Digital Health UCITS ETF 0.2 68 -33 0.9 -6.7
EDOC Global X Telemedicine & Digital Health ETF 0.2 68 -33 0.8 -6.7
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 68 -33 2.3 -5.3
GOEX Global X Gold Explorers ETF 0.2 65 -30 4.2 -3.4
AGT iShares MSCI Argentina & Global Exposure ETF A 0.1 59 -24 5.0 -2.5
ARGT Global X MSCI Argentina ETF 0.1 60 -25 5.0 -2.6
BFIT Global X Health & Wellness ETF 0.1 50 -15 3.9 -3.7
IHAK iShares Cybersecurity & Tech ETF 0.1 47 -12 3.2 -4.3
HACK ETFMG Prime Cyber Security ETF 0.1 60 -25 3.1 -4.5
SFYF SoFi 50 ETF 0.1 29 6 -1.2 -8.8
LIT Global X Lithium & Battery Tech ETF 0.1 75 -40 2.3 -5.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 0.1 60 -25 0.2 -7.4
PBW Invesco WilderHill Clean Energy ETF 0.1 70 -35 -0.2 -7.8
MOON Direxion Moonshot Innovators ETF 0.1 65 -30 -3.9 -11.5
HDRO Defiance Next Gen H2 ETF 0.1 30 5 -10.3 -17.9
GWX SPDR S&P International Small Cap ETF 0.1 40 -5 5.0 -2.6
MRAD SmartETFs Advertising & Marketing Technology ETF 0.1 68 -33 1.2 -6.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.0 59 -24 10.2 +2.7
HAIL SPDR S&P Kensho Smart Mobility ETF 0.0 45 -10 4.3 -3.2
KOMP SPDR Kensho New Economies Composite ETF 0.0 20 15 1.9 -5.7

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VictoryShares USAA MSCI International Value Momentum 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 8.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.