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Trending ETFs

Name

As of 05/26/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$113 M

Holdings in Top 10

8.6%

52 WEEK LOW AND HIGH

$24.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/26/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

RBIN - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ETF Series Solutions Trust - Nationwide Risk-Based International Equity ETF
  • Fund Family Name
    N/A
  • Inception Date
    Sep 15, 2017
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Rafael Zayas

Fund Description

The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index.
Rothschild & Co Risk-Based International Index
The Index is a rules-based, equal risk-weighted index that is designed to provide exposure to large capitalization companies in developed markets outside the United States and Canada with lower volatility, reduced maximum drawdown (the loss from the highest Index value to its lowest value before achieving a new highest value), and an improved Sharpe ratio (a risk-adjusted measure of return) as compared to traditional, market capitalization weighted approaches. The Index was developed in 2017 and is licensed by Rothschild & Co Risk Based Investments LLC, the Fund’s index provider.
Construction of the Index begins with the universe of equity securities that have their primary listing in the following countries: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The universe is then screened to keep only the largest equity securities by market capitalization listed in each country and to eliminate securities with insufficient liquidity (average daily traded value of less than USD $1 million over the most recent three-month period) and equity securities that have been listed for less than one year (the remaining securities are referred to as the “Eligible Universe”).
The securities in the Eligible Universe are then subjected to a risk contribution calculation based on each security’s volatility and correlation to the other Eligible Universe securities for the most recent one-year calculation period. The securities in the Eligible Universe are then ranked based on their risk contribution, and the 50% of securities with the lowest risk contribution are selected to be
included in the Index (the “Index Constituents”). To reduce turnover, Index Constituents will not be removed from the Index based on their risk contribution so long as they are within the 55% of securities with the lowest risk in the Eligible Universe.
The Index Constituents are then weighted by a systematic equally-weighted risk contribution model (the “Risk-Weighting Model”). The Risk-Weighting Model incorporates each Index Constituent’s volatility and correlation to the other Index Constituents for the most recent one-year calculation period to produce a portfolio where each Index Constituent contributes the same level of risk, subject to the constraint that no individual Index Constituent will have a weight that exceeds 5% of the Index. The intent of the security selection by marginal risk contribution ranking and Risk-Weighting Model is to (i) lower the overall volatility of the Index, (ii) increase the Index’s Sharpe ratio, and (iii) reduce the Index’s maximum drawdown without negatively impacting the diversification and expected return of the Index.
The list of securities in the Eligible Universe is updated quarterly on the first Friday of each January, April, July, and October (or the previous business day if such Friday is not a business day). The Index is reconstituted (i.e., Index Constituents are added or deleted, and weights are reset based on the Risk-Weighting Model) quarterly at the close of business on the second Friday of January, April, July, and October (or the next business day if such Friday is not a business day). As of September 30, 2021, the Index included significant exposure to companies in Europe, including the United Kingdom, and Japan.
The Fund’s Investment Strategy
Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in equity securities that are principally traded in Europe, Australasia, or the Far East.
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Fund’s sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.
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RBIN - Performance

Return Ranking - Trailing

Period RBIN Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -28.5% 10.4% 10.06%
1 Yr N/A -37.3% 101.6% 25.00%
3 Yr N/A* -14.5% 120.6% 89.22%
5 Yr N/A* -11.2% 57.9% N/A
10 Yr N/A* -5.9% 10.1% N/A

* Annualized

Return Ranking - Calendar

Period RBIN Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -45.5% 71.3% 67.86%
2022 N/A -15.4% 11.9% 80.11%
2021 N/A -10.4% 121.9% 91.41%
2020 N/A -33.7% 8.5% 3.94%
2019 N/A -13.0% 27.5% N/A

Total Return Ranking - Trailing

Period RBIN Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -28.5% 10.4% 55.92%
1 Yr N/A -37.3% 101.6% 23.60%
3 Yr N/A* -14.5% 120.6% 83.36%
5 Yr N/A* -11.2% 57.9% N/A
10 Yr N/A* -3.2% 10.1% N/A

* Annualized

Total Return Ranking - Calendar

Period RBIN Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -45.5% 71.3% 67.86%
2022 N/A -15.4% 11.9% 80.11%
2021 N/A -10.4% 121.9% 91.41%
2020 N/A -18.0% 8.5% 6.46%
2019 N/A -13.0% 29.4% N/A

RBIN - Holdings

Concentration Analysis

RBIN Category Low Category High RBIN % Rank
Net Assets 113 M 1.02 M 369 B 82.66%
Number of Holdings 234 1 10801 39.34%
Net Assets in Top 10 10.4 M 0 34.5 B 89.87%
Weighting of Top 10 8.57% 1.6% 100.0% 94.47%

Top 10 Holdings

  1. Bank of China Ltd 1.38%
  2. Jardine Matheson Holdings Ltd 1.14%
  3. Softbank Corp 0.99%
  4. Agricultural Bank of China Ltd 0.91%
  5. Orange SA 0.71%
  6. United Overseas Bank Ltd 0.71%
  7. Deutsche Lufthansa AG 0.70%
  8. Singapore Exchange Ltd 0.69%
  9. Ping An Insurance Group Co of China Ltd 0.68%
  10. Carrefour SA 0.66%

Asset Allocation

Weighting Return Low Return High RBIN % Rank
Stocks
99.45% 0.00% 122.60% 16.03%
Other
1.57% -16.47% 17.36% 47.37%
Cash
0.15% -65.15% 100.00% 81.45%
Preferred Stocks
0.00% 0.00% 1.87% 23.82%
Convertible Bonds
0.00% 0.00% 4.18% 17.11%
Bonds
0.00% -10.79% 71.30% 24.18%

Stock Sector Breakdown

Weighting Return Low Return High RBIN % Rank
Utilities
0.00% 0.00% 13.68% 4.16%
Technology
0.00% 0.00% 36.32% 98.12%
Real Estate
0.00% 0.00% 14.59% 41.96%
Industrials
0.00% 5.17% 99.49% 26.27%
Healthcare
0.00% 0.00% 21.35% 32.17%
Financial Services
0.00% 0.00% 47.75% 43.57%
Energy
0.00% 0.00% 16.89% 14.88%
Communication Services
0.00% 0.00% 21.69% 12.87%
Consumer Defense
0.00% 0.00% 32.29% 9.65%
Consumer Cyclical
0.00% 0.00% 36.36% 99.20%
Basic Materials
0.00% 0.00% 23.86% 80.03%

Stock Geographic Breakdown

Weighting Return Low Return High RBIN % Rank
Non US
98.30% 0.00% 125.24% 16.58%
US
1.14% -7.78% 68.98% 59.61%

RBIN - Expenses

Operational Fees

RBIN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.42% 0.01% 3.96% 82.38%
Management Fee 0.42% 0.00% 1.60% 23.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

RBIN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RBIN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

RBIN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 247.00% 78.00%

RBIN - Distributions

Dividend Yield Analysis

RBIN Category Low Category High RBIN % Rank
Dividend Yield 0.00% 0.00% 13.87% 62.16%

Dividend Distribution Analysis

RBIN Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Semi-Annually Annually

Net Income Ratio Analysis

RBIN Category Low Category High RBIN % Rank
Net Income Ratio N/A -0.93% 6.38% 33.29%

Capital Gain Distribution Analysis

RBIN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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RBIN - Fund Manager Analysis

Managers

Rafael Zayas


Start Date

Tenure

Tenure Rank

Sep 15, 2017

4.62

4.6%

Rafael Zayas, CFA, is a portfolio manager. Mr. Zayas became SVP, Head of Portfolio Management and Trading in June 2020. From 2017 to 2020, he was a Senior Portfolio Manager – International Equity at Vident and has over 15 years of experience that includes managing international equity portfolios, including in emerging and frontier markets. Prior to joining Vident, he was a Portfolio Manager – Direct Investments for seven years at Russell Investments, a global asset manager, where he co-managed more than $4 billion in quantitative strategies across global markets, including the Russell Strategic Call Overwriting Fund, a mutual fund. Mr. Zayas also helped Russell Investments launch its sponsored ETF initiative and advised on index methodologies. Prior to joining Russell Investments, Mr. Zayas was a Portfolio Manager – Equity Indexing at Mellon Capital Management, where he managed assets for internationally listed global equity ETFs. Mr. Zayas graduated with a B.S. in Electrical Engineering from Cornell University and obtained a Certificate in Computational Finance and Risk Management from the University of Washington. He also attained the Chartered Financial Analyst designation in 2010.

Austin Wen


Start Date

Tenure

Tenure Rank

Jun 19, 2020

1.86

1.9%

Austin Wen, CFA has seven years of investment management experience. Mr. Wen is a Portfolio Manager at Vident, specializing in portfolio management and trading of equity portfolios and commodities based portfolios, as well as risk monitoring and investment analysis. Previously, Mr. Wen was an analyst for Vident Financial, working on the development and review of investment solutions. He began his career as a State Examiner for the Georgia Department of Banking and Finance. Mr. Wen obtained a BA in Finance from the University of Georgia and holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.1 2.92