HDEF

Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF

The Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF tracks a cap-weighted index of developed country stocks, ex-North America, selected by quality and dividend factors. The fund is currency hedged for USD investors.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

HDAW

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDeutsche Bank
CategoryInternational Equities
Asset classEquity
Websitelink...
Inception dateAug 12, 2015
Assets (mns)$1,306
Expense ratio20 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TOTAL SA 5.2 %
NOVARTIS AG 5.0 %
SANOFI-AVENTIS 5.0 %
BHP BILLITON LTD 4.9 %
UNILEVER PLC 4.7 %
ALLIANZ SE-REG 4.2 %
RIO TINTO PLC 3.0 %
IBERDROLA SA 3.0 %
ZURICH FINANCIAL SERVICES AG 3.0 %
GLENCORE INTERNATIONAL PLC 2.5 %
Constituent Breakdown
Number of holdings115
Herfindahl-Hirschman Index 231
Wgt avg mkt cap (mns)$18,151
Large cap (>$10bn)25.7%
Mid cap ($2-10bn)8.8%
Small cap (<$2bn)0.2%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
BRITAIN 16.4 %
SWITZERLAND 16.4 %
FRANCE 15.3 %
AUSTRALIA 11.9 %
JAPAN 10.7 %
GERMANY 8.1 %
SPAIN 3.7 %
SINGAPORE 3.1 %
HONG KONG 2.3 %
SWEDEN 2.2 %
Historical Performance


Standardized Annual Returns (as of 08/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
9.0% 20.4% 2.7% 8.2% 4.8% -- 5.0%
Market Correlations
versus...BetaR-squared
S&P 5000.8061%
MSCI EAFE0.9489%
MSCI Emg Mkts0.7859%
Liquidity Measures
Avg. volume (000)189
Turnover0.3%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$4,857
Technical Indicators
Recent close$22.68
30d moving avg.$22.90
Annualized volatility18.2%
Relative strength (RSI)44
Short interest (ETF)0.5%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: HDEF 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
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2022 2023E Fwd Est 2024E
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 --%
0.8 10.0 1.2 5.4% --
Based on closing prices from 9/28/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
HDEF



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™

HDEF

10.8%

Cat. Avg

8.2%

Fund Category: International Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™10.8%
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 271 funds in the International Equities category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.6%. HDEF's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places HDEF in the 84th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
HDEF
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
HDEF 20.0 5.0 25
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.