|Bid||27.72 x 1000|
|Ask||29.24 x 3200|
|Day's Range||28.38 - 28.58|
|52 Week Range||25.29 - 30.23|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.74|
|Expense Ratio (net)||0.35%|
Edwin Lefevre's classic tome, "Reminiscences of a Stock Operator," chronicles the career of Jesse Livermore, an infamous trader from the early 20th century. The book is often cited by traders and investors alike for the many lessons gleaned from Livermore's stock market trials--a mixed series of successes and failures. Livermore apparently never took his own advice.
The exchange-traded fund's ultralow expense ratio and market-cap-weighted approach curb the cost of ownership, providing it with a significant advantage over its more expensive rivals. The fund tracks the FTSE Global All Cap ex US Index, which targets stocks of all sizes from more than 40 overseas developed and emerging markets. It weights its holdings by market capitalization, an approach that benefits investors by capturing the market's consensus opinion of each stock's value while mitigating turnover.
Among the myriad reasons advisors and investors have gravitated to exchange traded funds over actively managed funds in recent years are superior tax efficiencies. BlackRock Inc.'s (NYSE: BLK) iShares unit is the world's largest ETF issuer not just in terms of assets, but also in terms of offerings. In the U.S., iShares offers more than 300 ETFs, a scant percentage of which will deliver capital gains distributions in 2018.
SCHF has a well-diversified, cap-weighted portfolio that captures the market's collective wisdom, and is complemented by one of the lowest expense ratios in the foreign large-blend Morningstar Category. The fund's target index, the FTSE Developed Ex US Index, is composed of large- and mid-cap companies from 24 developed markets outside of the United States, including companies listed in Canada and South Korea. FTSE defines large- and mid-cap firms as those that land in the top 86% of the investable universe by market capitalization.