HDEF

Xtrackers MSCI EAFE High Dividend Yield 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.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

9 bp

EXPENSES

$1.5 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDeutsche Bank
CategoryInternational
Asset classEquity
Websitelink...
Inception dateAug 12, 2015
Assets (mns)$1,523
Expense ratio9 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
ROCHE HOLDING AG-BR 5.9 %
NOVARTIS AG 5.1 %
UNILEVER PLC 4.9 %
BHP BILLITON LTD 4.6 %
TOTAL SA 4.5 %
ALLIANZ SE-REG 3.7 %
SANOFI-AVENTIS 3.6 %
ZURICH FINANCIAL SERVICES AG 2.7 %
RIO TINTO PLC 2.6 %
BRITISH AMERICAN TOBACCO PLC 2.1 %
Constituent Breakdown
Number of holdings135
Herfindahl-Hirschman Index 213
Wgt avg mkt cap (mns)$74,897
Large cap (>$10bn)91.1%
Mid cap ($2-10bn)8.9%
Small cap (<$2bn)0.0%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
SWITZERLAND 21.3 %
BRITAIN 18.5 %
FRANCE 14.8 %
AUSTRALIA 9.5 %
GERMANY 6.5 %
JAPAN 5.6 %
SINGAPORE 4.7 %
HONG KONG 2.4 %
NETHERLANDS 2.3 %
ITALY 1.9 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 4.9% 21.1% 10.7% 6.1% 8.3% -- 6.3%
Volatility 10.5% 12.3% 15.1% 14.5% 18.8% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.6956%
MSCI EAFE0.8883%
MSCI Emg Mkts0.7563%
Liquidity Measures
Avg. volume (000)136
Turnover0.2%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$6,069
Technical Indicators
Recent close$24.47
30d moving avg.$25.00
Annualized volatility16.6%
Relative strength (RSI)54
Short interest (ETF)0.2%
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
  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 --%
0.9 10.5 1.4 5.2% --
Based on closing prices from 6/21/2024
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

10.0%

Cat. Avg

7.3%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™10.0%
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 256 funds in the International category, with an average ALTAR Score™ of 7.3% and a standard deviation of 2.4%. HDEF's ALTAR Score™ is approximately 1.1 standard deviations above the category average. This places HDEF in the 87th 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 9.0 5.1 14.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .