FNDF
Schwab Fundamental International Large Co. Index ETF
Schwab Fundamental International Large Company Index ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track as closely as possible, before fees and expenses, the total return of the Russell Fundamental Developed ex-U.S. Large Company Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
25 bp
EXPENSES
$13.3 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Charles Schwab Investment Mana |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 15, 2013 |
| Assets (mns) | $13,274 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SHELL PLC | 2.5 % |
| SAMSUNG ELECTRONICS CO LTD | 2.2 % |
| TOYOTA MOTOR CORP | 1.4 % |
| TOTAL SA | 1.3 % |
| ROCHE HOLDING LTD | 1.0 % |
| BP PLC | 1.0 % |
| GLENCORE INTERNATIONAL PLC | 0.9 % |
| BHP BILLITON LTD | 0.8 % |
| BANCO SANTANDER SA | 0.7 % |
| HSBC HOLDINGS PLC | 0.7 % |
Constituent Breakdown
| Number of holdings | 978 |
| Herfindahl-Hirschman Index | 40 |
| Wgt avg mkt cap (mns) | $71,496 |
| Large cap (>$10bn) | 81.3% |
| Mid cap ($2-10bn) | 17.1% |
| Small cap (<$2bn) | 1.6% |
| Developed mkts. | 92.6% |
| Emerging mkts. | 7.5% |
Country Exposure
 |
JAPAN | 26.2 % |
 |
BRITAIN | 13.9 % |
 |
FRANCE | 7.8 % |
 |
GERMANY | 7.8 % |
 |
CANADA | 7.3 % |
 |
SOUTH KOREA | 6.5 % |
 |
AUSTRALIA | 4.9 % |
 |
SWITZERLAND | 2.9 % |
 |
SPAIN | 2.9 % |
 |
ITALY | 2.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.4% | 7.3% | 12.5% | 3.7% | 7.1% | 4.1% | 5.9% | Volatility | 11.0% | 12.3% | 16.1% | 16.2% | 20.3% | 17.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 65% |
| MSCI EAFE | 0.96 | 93% |
| MSCI Emg Mkts | 0.79 | 66% |
Liquidity Measures
| Avg. volume (000) | 821 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $61,583 |
Technical Indicators
| Recent close | $35.35 |
| 30d moving avg. | $35.63 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FNDF |
Expenses vs. FNDF |
ALTAR Score™ vs. FNDF |
|---|---|---|---|---|
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 78.1% | +20 bp | -0.7% |
| SCHF | Schwab International Equity ETF | 62.7% | -19 bp | -2.1% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 58.7% | -22 bp | -2.4% |
| VEA | Vanguard FTSE Developed Markets ETF | 58.6% | -20 bp | -2.4% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 58.1% | -21 bp | -2.5% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 57.8% | -5 bp | -2.4% |
| EFA | iShares MSCI EAFE ETF | 57.3% | +10 bp | -2.8% |
| IQIN | IQ 500 International ETF | 57.3% | 0 bp | -0.5% |
| IEFA | iShares Core MSCI EAFE ETF | 55.7% | -18 bp | -2.5% |
| DFAI | Dimensional International Core Equity Market ETF | 54.9% | -7 bp | -2.3% |
Risk and Returns: FNDF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FNDF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
FNDF
9.3%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 9.3% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. FNDF's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places FNDF in the 81st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
FNDF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FNDF (25 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FNDF | 25.0 | 3.2 | 28.2 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .