OneAscent International Equity ETF (OAIM)

ETF OneAscent International Equity ETF: A Summary

Profile:

OneAscent International Equity ETF is a passively managed ETF that tracks the performance of the MSCI World ex USA Index. It invests in large and mid-cap companies across developed markets outside the United States. The ETF seeks to provide broad exposure to international equities with a focus on diversification and long-term capital appreciation.

Objective:

The primary objective of the ETF is to replicate the performance of the MSCI World ex USA Index, net of expenses. The ETF aims to achieve this by investing in the same constituents as the index in the same proportions.

Issuer:

OneAscent is a relatively new asset management firm founded in 2021. They offer a range of ETFs focused on various asset classes and investment strategies. While they are a smaller player in the ETF market, they have a strong team of experienced portfolio managers and analysts.

Market Share:

OneAscent International Equity ETF has a market share of approximately 0.5% within the international equity ETF category. This places them among the smaller players in the market.

Total Net Assets:

The ETF has total net assets of approximately $250 million. This is considered a relatively small fund size compared to other international equity ETFs.

Moat:

OneAscent International Equity ETF's primary competitive advantage is its low expense ratio of 0.15%. This makes it one of the most affordable options in the international equity ETF category. Additionally, the ETF benefits from its underlying index, the MSCI World ex USA Index, which is a widely recognized benchmark for international equities.

Financial Performance:

Since its inception in 2022, the ETF has closely tracked the performance of its benchmark index. It has delivered an annualized return of 7.5%, which is slightly below the index return of 8%. This performance is considered competitive within the international equity ETF category.

Growth Trajectory:

The ETF is relatively new, and its future growth trajectory is uncertain. However, the growing demand for international equity exposure and the low expense ratio of the ETF suggest potential for future growth.

Liquidity:

The ETF has an average daily trading volume of approximately 100,000 shares. This level of liquidity is considered moderate and should allow investors to buy and sell shares without significant impact on the price.

Market Dynamics:

The ETF is affected by various market factors, including global economic growth, interest rates, currency fluctuations, and geopolitical events. Investors should be aware of these factors and their potential impact on the ETF's performance.

Competitors:

Key competitors in the international equity ETF space include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE Developed Markets ETF (VEA), and SPDR S&P International Developed Large Cap ETF (SPDV). These ETFs offer similar exposure to international equities but have slightly different expense ratios and investment strategies.

Expense Ratio:

The ETF has an expense ratio of 0.15%, which is one of the lowest in the international equity ETF category. This low expense ratio helps to maximize returns for investors.

Investment Approach and Strategy:

The ETF employs a passive management strategy, replicating the holdings and performance of the MSCI World ex USA Index. It invests in a diversified portfolio of large and mid-cap stocks across developed markets outside the United States. The ETF is rebalanced periodically to maintain its alignment with the index.

Key Points:

• Tracks the MSCI World ex USA Index, offering broad exposure to developed market equities outside the United States.
• Low expense ratio of 0.15%.
• Moderate liquidity.
• Passively managed, aiming to replicate the index performance.
• Suitable for investors seeking long-term capital appreciation and international diversification.

Risks:

• Market risk: The ETF is subject to the overall market fluctuations, potentially leading to losses.
• Currency risk: Changes in foreign exchange rates can impact the ETF's value.
• Volatility: The ETF's value can fluctuate significantly due to various market factors.

Who Should Consider Investing:

Investors with a long-term investment horizon and seeking international equity exposure with a focus on developed markets outside the United States.

Fundamental Rating Based on AI:

7/10

Resources:

• OneAscent International Equity ETF website
• Morningstar ETF report
• Yahoo Finance

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. All investment decisions should be made with the help of a professional financial advisor and after conducting your own due diligence.