LVHI
Franklin International Low Volatility High Dividend Index ETF
The Legg Mason International Low Volatility High Dividend ETF tracks an all-cap index of developed ex-U.S. stocks. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Legg Mason |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 27, 2016 |
| Assets (mns) | $1,370 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 3.4 % |
| NATIONAL GRID PLC | 2.9 % |
| UNILEVER PLC | 2.8 % |
| NOVARTIS AG | 2.7 % |
| ENEL SPA | 2.7 % |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATI | 2.6 % |
| ZURICH FINANCIAL SERVICES AG | 2.6 % |
| JAPAN TOBACCO INC | 2.5 % |
| TOTAL SA | 2.5 % |
| PEMBINA PIPELINE CORP | 2.5 % |
Constituent Breakdown
| Number of holdings | 154 |
| Herfindahl-Hirschman Index | 178 |
| Wgt avg mkt cap (mns) | $54,480 |
| Large cap (>$10bn) | 87.5% |
| Mid cap ($2-10bn) | 7.5% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 16.9 % |
 |
JAPAN | 15.3 % |
 |
SWITZERLAND | 12.9 % |
 |
CANADA | 10.3 % |
 |
ITALY | 8.7 % |
 |
GERMANY | 6.7 % |
 |
FRANCE | 6.4 % |
 |
SINGAPORE | 6.1 % |
 |
AUSTRALIA | 4.8 % |
 |
SPAIN | 3.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.5% | 17.7% | 16.9% | 11.7% | 8.1% | -- | 8.4% | Volatility | 9.6% | 9.4% | 10.0% | 11.0% | 16.1% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.41 | 48% |
| MSCI EAFE | 0.48 | 68% |
| MSCI Emg Mkts | 0.38 | 42% |
Liquidity Measures
| Avg. volume (000) | 218 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $6,050 |
Technical Indicators
| Recent close | $30.70 |
| 30d moving avg. | $31.20 |
| Annualized volatility | 10.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.4% |
| 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. LVHI |
Expenses vs. LVHI |
ALTAR Score™ vs. LVHI |
|---|---|---|---|---|
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 41.5% | -31 bp | -0.3% |
| DTH | WisdomTree International High Dividend Fund | 37.6% | +18 bp | 0.0% |
| CID | VictoryShares International High Div Volatility Wtd ETF | 33.0% | +5 bp | -0.8% |
| VWID | Virtus WMC International Dividend ETF | 32.7% | +9 bp | -0.7% |
| IDV | iShares International Select Dividend ETF | 30.2% | +11 bp | +2.3% |
| DOL | WisdomTree International LargeCap Dividend Fund | 30.1% | +8 bp | -2.3% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 25.2% | -8 bp | -4.3% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 24.9% | +40 bp | -4.6% |
| JHID | John Hancock International High Dividend ETF | 24.2% | +6 bp | +1.1% |
| DWM | WisdomTree International Equity Fund | 23.8% | +8 bp | -2.3% |
Risk and Returns: LVHI 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 11/12/2024
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
LVHI
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
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.
ALTAR Score™
LVHI
10.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. LVHI's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places LVHI in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
LVHISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| LVHI (40 bp) Percentile rank | 45 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| LVHI | 40.0 | 26.1 | 66.1 |
| Peer Avg. | 43.5 | 29.9 | 73.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .