(OAIM) OneAscent International - Ratings and Ratios

The OneAscent International Equity ETF (OAIM) is an exchange-traded fund that focuses on investing in medium-to-large non-U.S. companies, adhering to a strategy that involves allocating at least 80% of its assets to equity securities, including common stocks, depositary receipts, preferred stocks, and convertible securities. This investment approach is geared towards providing diversified exposure to international markets.

From a portfolio composition perspective, OAIMs holdings are likely to be spread across various sectors and geographies, with a bias towards larger market capitalization companies in developed and possibly emerging markets. The funds investment in non-U.S. companies inherently exposes it to currency fluctuations, which can impact its performance relative to a U.S.-centric portfolio. Key Performance Indicators (KPIs) to monitor for OAIM would include its tracking error relative to its benchmark, expense ratio, dividend yield, and the funds Sharpe ratio to gauge risk-adjusted returns.

To further analyze OAIMs potential, one could examine its sector allocation, looking for overweight or underweight positions relative to its benchmark, which could indicate the fund managers strategic bets on certain industries or regions. Additionally, metrics such as the price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and the overall beta of the fund could provide insights into its valuation and volatility relative to the broader international market. The funds AUM of $212.94M suggests it has reached a scale that can support a reasonable level of liquidity, though it is still smaller than some of the largest ETFs, potentially impacting trading costs and efficiency.

Investors considering OAIM should evaluate its performance during various market cycles, its correlation with other assets in their portfolio, and how it contributes to their overall investment objectives, particularly in terms of diversification and potential for long-term capital appreciation. Given its classification as a Foreign Large Blend ETF, OAIM is likely to serve as a core holding in a diversified portfolio, providing broad exposure to international equities.