Columbia EM Core ex-China ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 22.3x P/Sales
ratio		 1.7x
P/BV
ratio		 1.8x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia EM Core ex-China ETF& provides broad equity exposure to emerging markets excluding China

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Sep 01, 2015
Assets (mns) $24
Currency USD
Expense ratio 16 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $84,501
Large cap (>$10bn) 71.3%
Mid cap ($2-10bn) 22.3%
Small cap (<$2bn) 2.2%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 9.6 %
SAMSUNG ELECTRONICS CO LTD 6.4 %
HDFC BANK LTD-ADR 4.6 %
INFOSYS TECHNOLOGIES-SP ADR 3.9 %
ICICI BANK LTD-SPON ADR 3.5 %
NASPERS LTD-N SHS 2.0 %
BANK CENTRAL ASIA PT 2.0 %
OIL COMPANY LUKOIL PJSC SPONSORED 1.9 %
VALE SA 1.8 %
RELIANCE INDS-SPONS GDR 144A 1.7 %
Total 37.4 %

TOP COUNTRY EXPOSURE
TAIWAN 24.9 %
SOUTH KOREA 20.1 %
INDIA 15.3 %
BRAZIL 9.5 %
SOUTH AFRICA 5.6 %
RUSSIA 5.4 %
THAILAND 4.6 %
INDONESIA 3.4 %
MALAYSIA 3.0 %
MEXICO 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.
-13.7% -8.7% 8.6% -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 0.88 59%
MSCI EAFE 1.10 76%
MSCI Emg. Mkts. 0.97 90%

Technical Indicators
Recent close $28.30
30d moving avg. $25.88
Annualized volatility 20.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 1.11%
ADV underlying (mns) $5,983

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Columbia EM Core ex-China ETF ETF based on the alternatives' overlap in portfolio holdings with XCEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XCEM Expense: 16 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XCEM
Ticker Fund
Name		 Overlap1
vs XCEM
(%)		 Expense
ratio
(bp)		 Savings
vs XCEM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs XCEM
(%)
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 44.8 49 -33 6.8 +0.4
EMXC iShares MSCI Emerging Markets ex China ETF 38.2 25 -9 7.3 +0.9
AIA iShares Asia 50 ETF 29.8 50 -34 7.1 +0.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 29.0 49 -33 8.5 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 27.7 32 -16 5.6 -0.9
FRDM Freedom 100 Emerging Markets ETF 26.2 49 -33 5.8 -0.7
JHEM John Hancock Multifactor Emerging Markets ETF 25.0 49 -33 8.1 +1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 24.9 30 -14 7.2 +0.8
BKEM BNY Mellon Emerging Markets Equity ETF 24.4 11 5 7.7 +1.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 24.4 65 -49 7.0 +0.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 23.8 20 -4 6.3 -0.2
BICK First Trust BICK Index Fund 23.5 64 -48 4.3 -2.2
EWT iShares MSCI Taiwan ETF 23.3 59 -43 5.6 -0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 23.2 29 -13 4.0 -2.4
FLTW Franklin FTSE Taiwan ETF 22.7 19 -3 5.8 -0.6
EEM iShares MSCI Emerging Markets ETF 22.5 68 -52 6.9 +0.4
LDEM iShares ESG MSCI EM Leaders ETF 22.3 16 0 7.3 +0.9
ESGE iShares ESG Aware MSCI EM ETF 22.2 25 -9 7.9 +1.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 21.9 36 -20 7.6 +1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 21.4 45 -29 7.1 +0.6
EEMA iShares MSCI Emerging Markets Asia ETF 21.0 50 -34 7.3 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 20.5 40 -24 6.8 +0.4
IEMG iShares Core MSCI Emerging Markets ETF 20.3 13 3 7.4 +0.9
FLKR Franklin FTSE South Korea ETF 20.1 9 7 7.8 +1.4
EWY iShares MSCI South Korea ETF 20.1 59 -43 7.4 +1.0
DVEM WisdomTree Emerging Markets Dividend Fund 20.1 32 -16 6.9 +0.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.9 39 -23 12.0 +5.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 19.8 68 -52 6.6 +0.1
FLAX Franklin FTSE Asia Ex Japan ETF 19.1 19 -3 7.2 +0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 18.8 50 -34 12.5 +6.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 18.7 30 -14 8.2 +1.7
ROAM Hartford Multifactor Emerging Markets ETF 18.5 44 -28 12.2 +5.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 18.2 15 1 8.1 +1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 17.4 44 -28 8.4 +2.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 16.2 32 -16 8.0 +1.6
NUEM Nuveen ESG Emerging Markets Equity ETF 16.0 45 -29 6.3 -0.2
SCHE Schwab Emerging Markets Equity ETF 15.8 11 5 7.4 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 15.4 11 5 7.2 +0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 15.1 45 -29 8.0 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.6 59 -43 10.1 +3.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.3 95 -79 8.1 +1.7
ISEM Invesco Strategic Emerging Markets ETF 13.9 35 -19 10.0 +3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.8 29 -13 9.5 +3.1
FNI First Trust Chindia ETF 13.6 60 -44 3.0 -3.5
FKO First Trust South Korea AlphadDEX Fund 13.2 80 -64 9.9 +3.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 13.0 25 -9 7.5 +1.1
RNEM Emerging Markets Equity Select ETF 13.0 75 -59 10.4 +4.0
FLLA Franklin FTSE Latin America ETF 12.9 19 -3 5.9 -0.6
VWO Vanguard FTSE Emerging Markets ETF 12.0 10 6 7.5 +1.0
DEM WisdomTree Emerging Markets High Dividend Fund 11.9 63 -47 13.2 +6.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 11.4 80 -64 8.3 +1.8
EMFM Global X MSCI Next Emerging & Frontier ETF 11.2 66 -50 8.0 +1.5
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 10.9 50 -34 10.0 +3.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 10.1 18 -2 4.9 -1.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.8 45 -29 13.4 +6.9
GMF SPDR S&P Emerging Asia Pacific ETF 9.4 49 -33 6.7 +0.2
AVEM Avantis Emerging Markets Equity ETF 9.4 33 -17 8.0 +1.6
VYMI Vanguard International High Dividend Yield ETF 9.4 27 -11 9.3 +2.8
FLBR Franklin FTSE Brazil ETF 9.3 19 -3 4.7 -1.8
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 8.5 45 -29 8.7 +2.2
EMMF WisdomTree Emerging Markets Multifactor Fund 8.4 48 -32 9.3 +2.9
EWZ iShares MSCI Brazil Capped ETF 8.4 59 -43 4.3 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.9 16 0 6.3 -0.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 7.9 58 -42 5.4 -1.0
VSGX Vanguard ESG International Stock ETF 7.8 17 -1 6.6 +0.2
IXN iShares Global Tech ETF 7.7 46 -30 4.2 -2.3
WUGI Esoterica NextG Economy ETF 7.6 75 -59 1.3 -5.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 7.3 51 -35 19.4 +12.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.1 61 -45 8.1 +1.6
PIE Invesco DWA Emerging Markets Momentum ETF 7.0 90 -74 4.7 -1.8
IDRV iShares Self-driving EV & Tech ETF 6.9 47 -31 5.4 -1.0
NXTG First Trust Indxx NextG ETF 6.9 70 -54 5.5 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 6.9 32 -16 6.7 +0.2
FLN First Trust Latin America AlphaDEX Fund 6.9 80 -64 9.9 +3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.8 40 -24 6.5 +0.1
VPL Vanguard FTSE Pacific ETF 6.7 8 8 6.7 +0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.7 74 -58 12.4 +6.0
FBZ First Trust Brazil AlphaDEX Fund 6.7 80 -64 6.5 +0.1
ECON Columbia Emerging Markets Consumer ETF 6.4 59 -43 5.1 -1.3
IXUS ishares Core MSCI Total International Stock ETF 6.1 9 7 6.8 +0.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.0 60 -44 4.5 -1.9
VIDI Vident International Equity Fund 6.0 59 -43 10.3 +3.8
FLZA Franklin FTSE South Africa ETF 5.6 19 -3 10.0 +3.6
EZA iShares MSCI South Africa ETF 5.6 59 -43 7.0 +0.5
ILF iShares Latin America 40 ETF 5.6 48 -32 5.5 -1.0
EWEB Global X Emerging Markets Internet & E-commerce ETF 5.6 65 -49 2.8 -3.6
FDT First Trust Developed Markets ex-US Alphadex Fund 5.5 80 -64 7.9 +1.5
ASEA Global X Southeast Asia ETF 5.3 65 -49 9.0 +2.6
VIGI Vanguard International Dividend Appreciation ETF 5.2 20 -4 5.2 -1.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 5.2 60 -44 9.4 +3.0
WWJD Inspire International ESG ETF 5.1 80 -64 6.3 -0.2
VXUS Vanguard Total International Stock Index Fund 5.1 8 8 6.9 +0.5
LEGR First Trust Index Digital Transaction & Process Technology E 5.1 65 -49 8.8 +2.3
VEU Vanguard FTSE All-World ex-US Index Fund 4.9 8 8 6.9 +0.5
IGRO iShares International Dividend Growth ETF 4.9 22 -6 7.6 +1.2
AFK VanEck Vectors Africa Index ETF 4.7 79 -63 7.4 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 4.7 39 -23 6.0 -0.5
KOIN Innovation Shares NextGen Protocol ETF 4.6 95 -79 4.1 -2.4
FNDF Schwab Fundamental International Large Co. Index ETF 4.5 25 -9 7.8 +1.4

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:		 Columbia EM Core ex-China ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 16 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.40
 
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.