RODM
Hartford Multifactor Developed Markets (ex-US) ETF
The Lattice Developed Markets (ex-US) Strategy ETF tracks an index that selects companies within developed markets outside of the US based on valuation, momentum, quality and other factors.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
29 bp
EXPENSES
$1.1 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Lattice Strategies |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 25, 2015 |
| Assets (mns) | $1,102 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 1.1 % |
| NOVO NORDISK A/S-B | 1.0 % |
| CENTRICA PLC | 1.0 % |
| BAE SYSTEMS PLC | 1.0 % |
| NOVARTIS AG | 1.0 % |
| ROYAL AHOLD DELHAIZE N.V. | 1.0 % |
| AUST AND NZ BANKING GROUP | 0.9 % |
| SANOFI-AVENTIS | 0.9 % |
| POWER CORP OF CANADA | 0.9 % |
| ASTRAZENECA PLC-SPONS ADR | 0.9 % |
Constituent Breakdown
| Number of holdings | 347 |
| Herfindahl-Hirschman Index | 48 |
| Wgt avg mkt cap (mns) | $41,148 |
| Large cap (>$10bn) | 72.8% |
| Mid cap ($2-10bn) | 24.7% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 19.2 % |
 |
CANADA | 13.2 % |
 |
BRITAIN | 11.1 % |
 |
AUSTRALIA | 9.4 % |
 |
FRANCE | 6.4 % |
 |
SWITZERLAND | 5.6 % |
 |
GERMANY | 4.1 % |
 |
HONG KONG | 3.4 % |
 |
SINGAPORE | 3.2 % |
 |
SWEDEN | 2.8 % |
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% | 6.7% | 8.1% | -0.1% | 2.9% | -- | 4.1% | Volatility | 9.8% | 11.0% | 14.3% | 14.0% | 17.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 73% |
| MSCI EAFE | 0.91 | 98% |
| MSCI Emg Mkts | 0.72 | 63% |
Liquidity Measures
| Avg. volume (000) | 94 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $19,524 |
Technical Indicators
| Recent close | $28.28 |
| 30d moving avg. | $28.08 |
| Annualized volatility | 16.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.0% |
| 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. RODM |
Expenses vs. RODM |
ALTAR Score™ vs. RODM |
|---|---|---|---|---|
| RODE | Hartford Multifactor Diversified International ETF | 43.8% | 0 bp | +2.9% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 34.1% | -4 bp | -1.5% |
| DWMF | WisdomTree International Multifactor Fund | 32.7% | +9 bp | -1.2% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 32.7% | -7 bp | -2.7% |
| CIL | VictoryShares International Volatility Wtd ETF | 31.8% | +16 bp | -1.7% |
| CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 31.8% | +22 bp | -1.8% |
| JPIN | J.P. Morgan Diversified Return International Equity ETF | 31.8% | +8 bp | -0.1% |
| DEEF | Xtrackers FTSE Developed ex US Multifactor ETF | 31.3% | -5 bp | -0.2% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 30.3% | +3 bp | -2.9% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 30.1% | +1 bp | -1.8% |
Risk and Returns: RODM 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
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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
RODM
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™
RODM
8.6%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
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%. RODM's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places RODM in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
RODM
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 |
| RODM (29 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RODM | 29.0 | 6.4 | 35.4 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .