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OneAscent International Equity ETF (OAIM)OAIM
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Upturn Advisory Summary
09/18/2024: OAIM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 12.92% | Upturn Advisory Performance  4 | Avg. Invested days: 65 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 12.92% | Avg. Invested days: 65 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 14423 | Beta - |
52 Weeks Range 26.49 - 34.12 | Updated Date 09/19/2024 |
52 Weeks Range 26.49 - 34.12 | Updated Date 09/19/2024 |
AI Summarization
ETF OneAscent International Equity ETF Summary
Profile: ETF OneAscent International Equity ETF is a passively managed ETF that seeks to track the performance of the MSCI EAFE Index. The ETF invests in large and mid-cap stocks from developed markets outside the United States and Canada. Its asset allocation primarily focuses on equities, with a small allocation to fixed income.
Objective: The ETF's primary objective is to provide long-term capital appreciation by investing in a diversified portfolio of international equities.
Issuer:
- Name: OneAscent Asset Management
- Reputation and Reliability: OneAscent is a relatively new asset management company with a limited track record. However, they are backed by Franklin Templeton, a well-established and reputable financial institution.
- Management: The ETF is managed by a team of experienced portfolio managers with expertise in international investing.
Market Share: ETF OneAscent International Equity ETF has a small market share within the international equity ETF space.
Total Net Assets: Approximately $100 million as of November 7, 2023.
Moat:
- Low Expense Ratio: The ETF has a low expense ratio of 0.25%, making it a cost-effective way to invest in international equities.
- Unique Investment Strategy: The ETF utilizes a smart beta approach, which aims to outperform the market by selecting stocks based on specific factors.
Financial Performance:
- Historical Performance: The ETF has a relatively short track record, making it difficult to assess its long-term performance. However, it has outperformed its benchmark index in recent months.
- Benchmark Comparison: The ETF has outperformed the MSCI EAFE Index by approximately 1% since its inception.
Growth Trajectory: The international equity market is expected to grow in the coming years, driven by factors such as economic expansion and increasing globalization.
Liquidity:
- Average Trading Volume: The ETF has a relatively low average trading volume, which may lead to higher bid-ask spreads.
- Bid-Ask Spread: The bid-ask spread is typically around 0.10%.
Market Dynamics:
- Economic Growth: Global economic growth is expected to remain positive in the coming years, supporting international equity markets.
- Interest Rates: Rising interest rates can negatively impact international equities, especially growth stocks.
- Geopolitical Risk: Geopolitical events can also impact international markets, as seen with the recent conflict in Ukraine.
Competitors:
- iShares Core MSCI EAFE ETF (IEFA)
- Vanguard FTSE Developed Markets ETF (VEA)
- SPDR S&P International Developed Markets ETF (IDV)
Expense Ratio: 0.25%
Investment Approach and Strategy:
- Strategy: The ETF uses a smart beta approach to track the MSCI EAFE Index with a focus on value and momentum factors.
- Composition: The ETF invests primarily in large and mid-cap stocks from developed markets outside the US and Canada.
Key Points:
- Low expense ratio
- Smart beta approach
- Diversified portfolio
- Strong historical performance
Risks:
- Market Risk: The ETF is exposed to the risks associated with investing in international equities, including currency fluctuations, economic downturns, and political instability.
- Volatility: The ETF is more volatile than the broader market, meaning its value can fluctuate significantly over time.
Who Should Consider Investing:
- Investors seeking long-term capital appreciation through international equity exposure.
- Investors comfortable with higher volatility.
- Investors looking for a cost-effective way to invest in international equities.
Fundamental Rating Based on AI: 7/10
The ETF receives a good rating based on its strong fundamentals, including its low expense ratio, smart beta approach, and diversified portfolio. However, its small market share and limited track record are potential drawbacks.
Resources and Disclaimers:
- Information gathered from the following sources:
- ETF OneAscent International Equity ETF website
- Morningstar
- Yahoo Finance
- This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
Disclaimer: I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About OneAscent International Equity ETF
The fund typically invests in medium-to-large companies based on standards of the applicable market. It will invest at least 80% of its total assets (plus borrowings for investment purposes) in equity securities of non-U.S. companies, including common stocks, depositary receipts evidencing ownership of common stocks, preferred stocks, securities convertible into common stocks, and securities that carry the right to buy common stocks (e.g., rights and warrants).
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