Franklin FTSE Taiwan ETF
ALTAR
Score™		 3.4% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 30.8x P/Sales
ratio		 2.1x
P/BV
ratio		 3.9x Div.
yield		 1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FLTW tracks a market-cap-weighted index of large- and midcap Taiwanese companies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Franklin Templeton
Website www.libertyshares.com
Inception date Nov 02, 2017
Assets (mns) $2,617
Currency USD
Expense ratio 19 bp
Distributions Semi-annual

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 135
Wgt avg mkt cap (mns) $290,593
Large cap (>$10bn) 65.4%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 1.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 19.0 %
DELTA ELECTRONICS INC 7.9 %
MEDIATEK INC 7.2 %
HON HAI PRECISION INDUSTRY 5.0 %
ELITE MATERIAL CO LTD 2.5 %
UNIMICRON TECHNOLOGY CORP 2.2 %
ACCTON TECHNOLOGY CORP 2.1 %
CHINATRUST FINANCIAL HOLDING 1.7 %
ASIA VITAL COMPONENTS 1.7 %
UNITED MICROELECTRONICS CORP 1.7 %
Total 51.2 %

TOP COUNTRY EXPOSURE
TAIWAN 96.2 %










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.
65.1% 110.0% 18.2% -- 17.3%

Market Correlations
versus... Beta R-squared
S&P500 1.54 50%
MSCI EAFE 1.17 47%
MSCI Emg. Mkts. 1.13 75%

Technical Indicators
Recent close $95.86
30d moving avg. $93.06
Annualized volatility 21.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 967
Turnover 3.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $4,165

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 199 potential alternatives to the Franklin FTSE Taiwan ETF ETF based on the alternatives' overlap in portfolio holdings with FLTW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: FLTW Expense: 19 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH FLTW
Ticker Fund
Name		 Overlap1
vs FLTW
(%)		 Expense
ratio
(bp)		 Savings
vs FLTW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs FLTW
(%)
VEXC Vanguard Emerging Markets Ex-China ETF 40.0 7 12 5.7 +2.4
XCNY SPDR S&P Emerging Markets ex-China ETF 38.1 15 4 5.7 +2.3
EMXC iShares MSCI Emerging Markets ex China ETF 33.2 25 -6 5.1 +1.7
AIA iShares Asia 50 ETF 33.1 50 -31 7.7 +4.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.9 20 -1 7.4 +4.0
EEMA iShares MSCI Emerging Markets Asia ETF 31.4 49 -30 7.5 +4.1
STXE Strive Emerging Markets Ex-China ETF 30.8 32 -13 5.2 +1.8
SCHE Schwab Emerging Markets Equity ETF 30.7 11 8 9.5 +6.1
XCEM Columbia EM Core ex-China ETF 30.1 16 3 4.9 +1.5
JIVE JPMorgan International Value ETF 29.9 55 -36 8.4 +5.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 29.6 70 -51 6.9 +3.5
VWO Vanguard FTSE Emerging Markets ETF 29.3 7 12 9.2 +5.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 29.2 24 -5 5.2 +1.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 28.6 32 -13 4.8 +1.4
SPEM SPDR Portfolio Emerging Markets ETF 28.0 7 12 9.5 +6.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 27.4 30 -11 8.0 +4.6
ESGE iShares ESG Aware MSCI EM ETF 27.3 25 -6 8.3 +4.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.1 30 -11 7.6 +4.3
DEHP Dimensional Emerging Markets High Profitability ETF 27.0 41 -22 4.8 +1.4
EMM Global X Emerging Markets ex-China ETF 26.7 75 -56 4.7 +1.3
EEM iShares MSCI Emerging Markets ETF 26.3 69 -50 7.8 +4.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 26.3 69 -50 7.4 +4.0
AGIX KraneShares Artificial Intelligence and Technology ETF 26.3 99 -80 1.0 -2.4
FLAX Franklin FTSE Asia Ex Japan ETF 26.0 19 0 7.1 +3.7
GMF SPDR S&P Emerging Asia Pacific ETF 26.0 49 -30 8.6 +5.2
FTHF First Trust Emerging Markets Human Flourishing ETF 25.3 75 -56 5.8 +2.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.3 95 -76 10.0 +6.6
NUEM Nuveen ESG Emerging Markets Equity ETF 24.9 36 -17 6.1 +2.7
DFAE Dimensional Emerging Core Equity Market ETF 24.7 35 -16 7.0 +3.6
EMGF iShares Emerging Markets Equity Factor ETF 24.6 25 -6 8.8 +5.5
IEMG iShares Core MSCI Emerging Markets ETF 24.2 9 10 8.2 +4.8
DEXC Dimensional Emerging Markets ex China Core EquityETF 23.9 53 -34 5.1 +1.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 23.9 33 -14 6.7 +3.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.8 32 -13 7.4 +4.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.6 39 -20 13.7 +10.3
EVLU iShares MSCI Emerging Markets Value Factor ETF 23.5 35 -16 10.0 +6.7
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 23.4 88 -69 8.4 +5.0
EMXF iShares ESG Advanced MSCI EM ETF 23.3 16 3 6.7 +3.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 23.2 66 -47 7.2 +3.8
BKEM BNY Mellon Emerging Markets Equity ETF 23.2 11 8 7.9 +4.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 23.2 15 4 8.8 +5.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 23.2 36 -17 7.6 +4.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 23.1 15 4 8.0 +4.6
JADE JPMorgan Active Developing Markets Equity ETF 22.8 65 -46 6.1 +2.7
ECON Columbia Emerging Markets Consumer ETF 22.8 49 -30 6.6 +3.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 22.8 45 -26 8.1 +4.7
EMC Global X Emerging Markets Great Consumer ETF 20.6 75 -56 7.1 +3.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 20.5 38 -19 7.0 +3.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 20.3 41 -22 6.9 +3.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 20.1 40 -21 6.3 +2.9
MEM Matthews Emerging Markets Equity Active ETF 19.9 79 -60 8.5 +5.1
FDEM Fidelity Emerging Markets Multifactor ETF 19.6 25 -6 10.4 +7.0
DFEV Dimensional Emerging Markets Value ETF 19.5 43 -24 9.4 +6.0
EMMF WisdomTree Emerging Markets Multifactor Fund 19.2 48 -29 8.4 +5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 19.0 49 -30 13.4 +10.0
JHEM John Hancock Multifactor Emerging Markets ETF 18.6 49 -30 7.5 +4.1
EMDM First Trust Bloomberg Emerging Market Democracies ETF 18.6 75 -56 6.4 +3.0
LDEM iShares ESG MSCI EM Leaders ETF 17.8 17 2 12.9 +9.5
FEM First Trust Emerging Markets AlphaDEX Fund 17.8 80 -61 9.0 +5.6
FRDM Freedom 100 Emerging Markets ETF 17.7 49 -30 5.3 +1.9
MINV Matthews Asia Innovators Active ETF 17.4 79 -60 5.1 +1.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 17.2 50 -31 8.1 +4.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 16.8 25 -6 6.2 +2.8
PATN Pacer Nasdaq International Patent Leaders ETF 16.6 65 -46 4.0 +0.6
CLNR IQ Cleaner Transport ETF 16.3 45 -26 3.9 +0.5
GTEK Goldman Sachs Future Tech Leaders Equity ETF 16.3 75 -56 1.7 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 15.7 44 -25 7.5 +4.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 15.1 90 -71 3.7 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 14.4 63 -44 10.3 +6.9
AVEM Avantis Emerging Markets Equity ETF 14.0 33 -14 7.0 +3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.9 59 -40 8.6 +5.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.4 42 -23 4.1 +0.7
AVES Avantis Emerging Markets Value ETF 12.0 36 -17 8.9 +5.6
AVSE Avantis Responsible Emerging Markets Equity ETF 11.8 33 -14 6.6 +3.2
AVXC Avantis Emerging Markets Ex-China Equity ETF 11.5 33 -14 6.1 +2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.9 44 -25 9.5 +6.1
BAI iShares AI Innovation and Tech Active ETF 10.8 55 -36 0.9 -2.5
VSGX Vanguard ESG International Stock ETF 10.7 10 9 6.6 +3.2
NXTG First Trust Indxx NextG ETF 10.2 70 -51 3.4 +0.0
OCEN IQ Clean Oceans ETF 9.7 45 -26 4.6 +1.2
KNCT Invesco Next Gen Connectivity ETF 9.6 40 -21 2.9 -0.5
AIVC Amplify Bloomberg AI Value Chain ETF 9.5 59 -40 3.3 -0.1
ARTY iShares Future AI & Tech ETF 9.4 47 -28 2.4 -1.0
JIG JPMorgan International Growth ETF 9.3 55 -36 3.6 +0.3
AQLT iShares MSCI Global Quality Factor ETF 8.8 18 1 0.0 -3.4
ACWX iShares MSCI ACWI ex U.S. ETF 8.8 34 -15 6.4 +3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.7 47 -28 7.2 +3.8
VEU Vanguard FTSE All-World ex-US Index Fund 8.6 4 15 6.7 +3.4
IQDF FlexShares International Quality Dividend Index Fund 8.5 47 -28 7.6 +4.2
FRGN Horizon International Equity ETF 8.4 75 -56 7.8 +4.4
WRND IQ Global Equity R&D Leaders ETF 8.4 18 1 4.0 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.1 41 -22 6.0 +2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.1 29 -10 8.9 +5.5
IXUS iShares Core MSCI Total International Stock ETF 8.0 7 12 6.6 +3.2
VXUS Vanguard Total International Stock ETF 8.0 5 14 6.7 +3.3
POW VistaShares Electrification Supercycle ETF 7.9 75 -56 2.0 -1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 7.8 18 1 6.4 +3.0
CGXU Capital Group International Focus Equity ETF 7.2 54 -35 3.8 +0.4
DOL WisdomTree International LargeCap Dividend Fund 7.0 48 -29 5.7 +2.3
FBOT Fidelity Disruptive Automation ETF 7.0 50 -31 2.9 -0.5
RNEM First Trust Emerging Markets Equity Select ETF 6.9 75 -56 8.2 +4.8
IXN iShares Global Tech ETF 6.9 41 -22 2.6 -0.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 6.8 70 -51 6.5 +3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 6.8 45 -26 9.7 +6.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.5 70 -51 9.5 +6.1
AGQI First Trust Active Global Quality Income ETF 6.3 85 -66 6.5 +3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 6.2 30 -11 6.4 +3.0
CHPX Global X AI Semiconductor & Quantum ETF 6.2 50 -31 1.6 -1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 6.1 78 -59 9.7 +6.3
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 5.9 60 -41 9.2 +5.8
QTUM Defiance Quantum ETF 5.6 40 -21 3.5 +0.2
VYMI Vanguard International High Dividend Yield ETF 5.3 17 2 8.1 +4.7
ACWV iShares MSCI Global Min Vol Factor ETF 5.1 20 -1 5.7 +2.4
OAIM OneAscent International Equity ETF 4.9 95 -76 4.7 +1.3
SNSR Global X Internet of Things ETF 4.5 68 -49 3.2 -0.2
CHAT Roundhill Generative AI & Technology ETF 4.5 75 -56 3.9 +0.5
TINY ProShares Nanotechnology ETF 4.3 58 -39 1.3 -2.1
IGRO iShares International Dividend Growth ETF 4.3 15 4 6.8 +3.4
EYLD Cambria Emerging Shareholder Yield ETF 4.2 66 -47 9.2 +5.8
ROBO ROBO Global Robotics & Automation Index ETF 4.1 95 -76 2.3 -1.1
MOTI VanEck Morningstar International Moat ETF 3.8 58 -39 10.2 +6.9
AIS VistaShares Artificial Intelligence Supercycle ETF 3.7 75 -56 0.9 -2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 3.6 49 -30 9.1 +5.7
JSTC Adasina Social Justice All Cap Global ETF 3.5 89 -70 4.3 +0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.5 20 -1 4.7 +1.3
IBAT iShares Energy Storage & Materials ETF 3.4 47 -28 1.5 -1.9
MOTG VanEck Morningstar Global Wide Moat ETF 3.3 52 -33 8.0 +4.6
IGPT Invesco AI and Next Gen Software ETF 3.3 60 -41 2.4 -1.0
VIDI Vident International Equity Strategy ETF 3.3 61 -42 8.1 +4.7
GLOF iShares Global Equity Factor ETF 3.2 20 -1 5.6 +2.2
ACWI iShares MSCI ACWI ETF 3.2 32 -13 4.6 +1.3
FDTX Fidelity Disruptive Technology ETF 3.2 50 -31 1.5 -1.9
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.1 12 7 4.4 +1.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.1 58 -39 8.4 +5.0
VT Vanguard Total World Stock ETF 3.0 6 13 5.0 +1.6
CWI SPDR MSCI ACWI ex-US ETF 2.9 30 -11 6.5 +3.1
XT iShares Exponential Technologies ETF 2.9 46 -27 3.8 +0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 2.7 29 -10 6.6 +3.2
KLMT Invesco MSCI Global Climate 500 ETF 2.6 10 9 5.0 +1.6
DSTX Distillate International Fundamental Stability & Value ETF 2.2 55 -36 6.7 +3.3
DTCR Global X Data Center & Digital Infrastructure ETF 2.1 50 -31 3.2 -0.2
IHAK iShares Cybersecurity & Tech ETF 2.1 47 -28 3.5 +0.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 2.1 42 -23 7.6 +4.2
DWX SPDR S&P International Dividend ETF 2.0 45 -26 6.8 +3.4
FCLD Fidelity Cloud Computing ETF 1.9 39 -20 3.0 -0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.8 60 -41 6.6 +3.2
PBD Invesco Global Clean Energy ETF 1.8 75 -56 0.2 -3.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.7 49 -30 4.5 +1.1
AIQ Global X Artificial Intelligence & Technology ETF 1.7 68 -49 2.7 -0.7
FPXI First Trust International Equity Opportunities ETF 1.6 70 -51 3.7 +0.3
DVYE iShares Emerging Markets Dividend ETF 1.4 49 -30 17.9 +14.5
WWJD Inspire International ETF 1.4 80 -61 6.4 +3.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.1 65 -46 1.4 -2.0
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.1 67 -48 12.8 +9.4
BLES Inspire Global Hope ETF 0.9 61 -42 5.7 +2.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -46 6.5 +3.1
RCGE RockCreek Global Equality ETF 0.8 95 -76 6.2 +2.8
ANEW ProShares MSCI Transformational Changes ETF 0.8 45 -26 4.4 +1.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -61 12.2 +8.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 0.8 75 -56 3.4 -0.0
TTAI FCF International Quality ETF 0.7 59 -40 6.8 +3.4
SUPL ProShares Supply Chain Logistics ETF 0.7 58 -39 7.4 +4.0
JGLO JPMorgan Global Select Equity ETF 0.7 33 -14 4.3 +0.9
DEW WisdomTree Global High Dividend Fund 0.7 58 -39 7.2 +3.9
WTAI WisdomTree Artificial Intelligence and Innovation Fund 0.7 45 -26 1.8 -1.6
IXG iShares Global Financials ETF 0.7 42 -23 6.3 +2.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.6 9 10 4.9 +1.5
SDIV Global X Superdividend ETF 0.6 58 -39 13.8 +10.4
SRVR Pacer Data & Infrastructure Real Estate ETF 0.5 55 -36 3.7 +0.3
FID First Trust S&P International Dividend Aristocrats ETF 0.5 60 -41 7.8 +4.4
WDIV SPDR S&P Global Dividend ETF 0.5 40 -21 9.1 +5.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.5 58 -39 3.4 -0.0
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 -36 5.7 +2.4
ESPO VanEck Video Gaming and eSports ETF 0.4 56 -37 6.7 +3.4
ODDS Pacer BlueStar Digital Entertainment ETF 0.4 60 -41 4.7 +1.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 -20 8.0 +4.6
SLX VanEck Steel ETF 0.4 56 -37 10.1 +6.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.4 45 -26 -0.9 -4.3
FDNI First Trust Dow Jones International Internet ETF 0.3 65 -46 24.7 +21.3
HERO Global X Video Games & Esports ETF 0.3 50 -31 6.0 +2.7
NERD Roundhill Video Games ETF 0.3 50 -31 8.1 +4.7
OND ProShares On-Demand ETF 0.3 58 -39 0.5 -2.9
ISHP First Trust Nasdaq Retail ETF 0.3 60 -41 5.5 +2.1
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 9 6.1 +2.7
DINT Davis Select International ETF 0.3 55 -36 6.1 +2.7
DWLD Davis Select Worldwide ETF 0.3 63 -44 6.7 +3.3
ARVR First Trust Indxx Metaverse ETF 0.2 70 -51 3.6 +0.2
HUMN Roundhill Humanoid Robotics ETF 0.2 75 -56 1.1 -2.3
CRAK VanEck Oil Refiners ETF 0.1 61 -42 9.2 +5.8
ERTH Invesco MSCI Sustainable Future ETF 0.1 62 -43 3.0 -0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 9 8.6 +5.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 7 8.8 +5.4
DRIV Global X Autonomous & Electric Vehicles ETF 0.1 68 -49 2.9 -0.5
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -51 7.2 +3.9
IDRV iShares Self-driving EV & Tech ETF 0.1 47 -28 1.3 -2.1
MOO VanEck Agribusiness ETF 0.1 53 -34 9.2 +5.8
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 -20 7.7 +4.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.1 47 -28 2.7 -0.7
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -41 4.4 +1.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Franklin FTSE Taiwan 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 13.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.53
 
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.