INEQ
Columbia International Equity Income ETF
The Columbia Sustainable U.S. Equity Income ETF tracks an index composed of 100 U.S. equities (excluding REITs) that exhibit a minimum ESG rating (as determined by MSCI) and dividend characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
26.4 M
ASSETS UNDER MGMT
45 bp
EXPENSES
Fund Basics
| Fund sponsor | Columbia |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2016 |
| Assets (mns) | $26 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BROADCOM INC. | 5.7 % |
| HOME DEPOT INC | 4.6 % |
| BANK OF AMERICA CORP | 4.5 % |
| UNITEDHEALTH GROUP INC | 4.3 % |
| EXXON MOBIL CORP | 4.2 % |
| CHEVRON CORP | 4.1 % |
| COCA-COLA CO/THE | 3.9 % |
| QUALCOMM INC | 3.5 % |
| PEPSICO INC | 3.3 % |
| VERIZON COMMUNICATIONS INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 238 |
| Wgt avg mkt cap (mns) | $212,047 |
| Large cap (>$10bn) | 100.0% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.3 % |
 |
IRELAND | 1.9 % |
 |
NETHERLANDS | 1.0 % |
 |
SWITZERLAND | 0.7 % |
 |
BRITAIN | 0.5 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -19.6% | -14.6% | -2.6% | -1.5% | 6.9% | -- | 8.3% | Volatility | 9.5% | 10.5% | 15.8% | 15.8% | 22.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 28% |
| MSCI EAFE | 0.99 | 48% |
| MSCI Emg Mkts | 0.57 | 15% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.45% |
| ADV of underlying (mns) | $28,147 |
Technical Indicators
| Recent close | $31.01 |
| 30d moving avg. | $31.59 |
| Annualized volatility | 25.1% |
| Relative strength (RSI) | 7 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 2.5% |
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. INEQ |
Expenses vs. INEQ |
ALTAR Score™ vs. INEQ |
|---|---|---|---|---|
| MGV | Vanguard Mega Cap Value ETF | 36.9% | -38 bp | -0.2% |
| VYM | Vanguard High Dividend Yield Index ETF | 36.0% | -39 bp | +0.5% |
| NUDV | Nuveen ESG Dividend ETF | 34.8% | -19 bp | +0.6% |
| DGRO | iShares Core Dividend Growth ETF | 34.5% | -37 bp | -0.3% |
| EVUS | iShares ESG Aware MSCI USA Value ETF | 34.1% | -27 bp | -0.1% |
| VTV | Vanguard Value ETF | 33.3% | -41 bp | +0.0% |
| DURA | VanEck Durable High Dividend ETF | 32.3% | -16 bp | +0.2% |
| PWV | Invesco Large Cap Value ETF | 31.3% | +10 bp | +1.4% |
| HDV | iShares Core High Dividend ETF | 30.2% | -37 bp | +1.2% |
| SDEP | SFP Core Equity Strategy | 30.1% | -35 bp | -0.6% |
Risk and Returns: INEQ 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 9/6/2024
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
INEQ
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 Rating
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.
ALTAR Score™
INEQ
6.7%
Cat. Avg
5.8%
ALTAR Score™ Calculation
Category Overview
There are 920 funds in the US Equity category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.5%. INEQ's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places INEQ in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
INEQSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| INEQ (45 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| INEQ | 45.0 | 45.4 | 90.4 |
| Peer Avg. | 35.8 | 15.4 | 51.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .