AdvisorShares Vice ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.8x P/Sales
ratio
2.1x
P/BV
ratio
3.0x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ACT is an actively managed fund that invests in US companies involved in alcohol-, cannabis-, or tobacco-related activities.

FUND BASICS
Category Global Equities
Fund Sponsor AdvisorShares
Website www.advisorshares.com
Inception date Dec 12, 2017
Assets (mns) $11
Currency USD
Expense ratio 99 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $65,205
Large cap (>$10bn) 60.8%
Mid cap ($2-10bn) 15.3%
Small cap (<$2bn) 23.9%
Developed mkts 98.6%
Emerging mkts 1.4%

TOP TEN HOLDINGS
BOSTON BEER COMPANY INC-CL A 7.7 %
THERMO FISHER SCIENTIFIC INC 7.4 %
ABBOTT LABORATORIES 6.6 %
ABBVIE INC 6.2 %
PERKINELMER INC 5.7 %
NOVARTIS AG-ADR 5.1 %
BROWN-FORMAN CORP-CLASS B 5.0 %
LVMH MOET HENNESSY-UNSP ADR 4.9 %
MGP INGREDIENTS INC 4.7 %
CATALENT INC 4.1 %
Total 57.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.4 %
FRANCE 6.0 %
BRITAIN 5.9 %
SWITZERLAND 5.1 %
BRAZIL 1.4 %
BELGIUM 0.9 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% -1.5% -- -- -3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.02 83%
MSCI EAFE 1.05 74%
MSCI Emg. Mkts. 0.77 58%

Technical Indicators
Recent close $23.68
30d moving avg. $21.98
Annualized volatility 21.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.7%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $5,368

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the AdvisorShares Vice ETF ETF based on the alternatives' overlap in portfolio holdings with ACT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ACT Expense: 99 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ACT
Ticker Fund
Name
Overlap1
vs ACT
(%)
Expense
ratio
(bp)
Savings
vs ACT
(bp)
ALTAR
Score™
(%)
ALTAR
vs ACT
(%)
TOKE Cambria Cannabis ETF 14.4 42 57 -5.8 -11.1
PPH VanEck Vectors Pharmaceutical ETF 14.2 36 63 10.1 +4.8
MJ ETFMG Alternative Harvest ETF 14.2 75 24 -4.9 -10.1
IHI iShares U.S. Medical Devices ETF 14.1 43 56 3.4 -1.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 12.7 60 39 7.2 +2.0
XLV Health Care Select Sector SPDR Fund 12.5 13 86 7.0 +1.8
PSL Invesco DWA Consumer Staples Momentum ETF 12.0 60 39 4.1 -1.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 11.8 18 81 5.6 +0.3
PJP Invesco Dynamic Pharmaceuticals ETF 11.7 56 43 11.1 +5.9
IYH iShares U.S. Healthcare ETF 11.6 43 56 6.1 +0.9
FHLC Fidelity MSCI Health Care Index ETF 10.9 8 91 5.6 +0.4
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 10.9 60 39 6.2 +0.9
RHS Invesco S&P 500 Equal Weight Consumer Staples ETF 10.6 40 59 6.3 +1.0
GBDV Global Beta Smart Income ETF 10.5 29 70 11.4 +6.2
VHT Vanguard Health Care Index Fund 10.2 10 89 5.5 +0.2
DHS WisdomTree U.S. High Dividend Fund 10.1 38 61 8.2 +3.0
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 10.0 75 24 5.4 +0.2
FDL First Trust Morningstar Dividend Leaders Index Fund 9.8 45 54 7.9 +2.7
JHMS John Hancock Multifactor Consumer Staples ETF 9.8 40 59 5.9 +0.7
BOUT Innovator IBD Breakout Opportunities ETF 9.7 80 19 2.6 -2.7
GCOW Pacer Global High Dividend ETF 8.8 60 39 10.6 +5.4
IXJ iShares Global Healthcare ETF 8.5 46 53 6.2 +1.0
JHMH John Hancock Multifactor Healthcare ETF 8.1 40 59 6.0 +0.7
VDC Vanguard Consumer Staples Index Fund 8.1 10 89 5.4 +0.2
IECS iShares Evolved U.S. Consumer Staples ETF 8.1 18 81 5.5 +0.3
SPDV AAM S&P 500 High Dividend Value ETF 7.8 29 70 10.3 +5.1
FSTA Fidelity MSCI Consumer Staples Index ETF 7.6 8 91 5.4 +0.2
XLP Consumer Staples Select Sector SPDR Fund 7.3 13 86 5.4 +0.2
FTXG First Trust Nasdaq Food & Beverage ETF 7.2 60 39 5.7 +0.5
THCX The Cannabis ETF 7.0 70 29 -10.4 -15.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 6.9 38 61 7.7 +2.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 6.9 25 74 5.9 +0.6
SDOG ALPS Sector Dividend Dogs ETF 6.8 40 59 9.7 +4.4
PSCC Invesco S&P SmallCap Consumer Staples ETF 6.7 29 70 5.2 -0.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 6.7 40 59 6.3 +1.1
IYK iShares U.S. Consumer Goods ETF 6.7 42 57 5.3 +0.1
DIV Global X SuperDividend US ETF 6.7 45 54 9.6 +4.4
FPX First Trust US IPO Index Fund 6.7 59 40 4.2 -1.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 6.6 18 81 4.0 -1.2
PEY Invesco High Yield Equity Dividend Achievers ETF 6.6 53 46 8.3 +3.1
PWB Invesco Dynamic Large Cap Growth ETF 6.6 55 44 3.5 -1.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 6.4 39 60 10.2 +5.0
SPYD SPDR S&P 500 High Dividend ETF 6.4 7 92 9.9 +4.7
DEW WisdomTree Global High Dividend Fund 6.2 58 41 9.0 +3.8
KXI iShares Global Consumer Staples ETF 6.1 46 53 5.3 +0.1
HELX Franklin Genomic Advancements ETF 5.8 50 49 -1.8 -7.1
SPLV Invesco S&P 500 Low Volatility ETF 5.7 25 74 5.7 +0.4
JKF iShares Morningstar Large Cap Value ETF 5.7 25 74 7.5 +2.2
CNBS Amplify Seymour Cannabis ETF 5.7 75 24 -9.6 -14.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.7 37 62 6.7 +1.5
QDEF FlexShares Quality Dividend Defensive Index Fund 5.6 37 62 6.2 +1.0
AIEQ AI Powered Equity ETF 5.6 87 12 3.4 -1.9
MOAT VanEck Vectors Morningstar Wide Moat ETF 5.5 49 50 5.9 +0.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 5.5 75 24 6.0 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 5.5 28 71 6.3 +1.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 5.4 30 69 9.1 +3.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 5.4 68 31 0.5 -4.7
FDVV Fidelity Core Dividend ETF 5.3 29 70 7.1 +1.9
GDNA Goldman Sachs Motif Human Evolution ETF 5.3 50 49 0.3 -5.0
AADR WCM/BNY Mellon Focused Growth ADR ETF 5.2 110 -11 3.5 -1.8
CCOR Core Alternative ETF 5.2 123 -24 4.2 -1.0
PY Principal Shareholder Yield Index ETF 5.2 29 70 8.8 +3.6
MGV Vanguard Mega Cap Value ETF 5.0 7 92 7.0 +1.8
PBJ Invesco Dynamic Food & Beverage ETF 5.0 63 36 5.6 +0.4
LSLT Salt Low truBeta US Market ETF 5.0 0 99 7.1 +1.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 5.0 12 87 4.9 -0.4
COWZ Pacer US Cash Cows 100 ETF 5.0 49 50 9.4 +4.1
QDF FlexShares Quality Dividend Index Fund 4.9 37 62 6.8 +1.5
TTAC TrimTabs Float Shrink ETF 4.9 59 40 3.6 -1.6
DTD WisdomTree U.S.Total Dividend Fund 4.9 28 71 6.5 +1.3
EQWL Invesco Russell Top 200 Equal Weight ETF 4.8 25 74 5.9 +0.7
OUSA O'Shares FTSE US Quality Dividend ETF 4.8 48 51 5.7 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 4.6 4 95 6.9 +1.7
RNDV US Equity Dividend Select ETF 4.6 50 49 7.4 +2.2
JOYY Infusive Compounding Global Equities ETF 4.5 50 49 3.9 -1.3
VTV Vanguard Value Index Fund 4.5 4 95 7.1 +1.9
NOBL ProShares S&P 500 Dividend Aristocrats ETF 4.4 35 64 6.0 +0.7
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 4.4 75 24 5.6 +0.4
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 4.3 30 69 10.8 +5.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 4.3 29 70 6.8 +1.5
XLG Invesco S&P 500 Top 50 ETF 4.3 20 79 4.7 -0.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 4.3 15 84 4.8 -0.4
FXG First Trust Consumer Staples AlphaDEX Fund 4.3 64 35 7.0 +1.7
SDG iShares Sustainable MSCI Global Impact ETF 4.2 49 50 6.1 +0.9
IWX iShares Russell Top 200 Value ETF 4.2 20 79 6.9 +1.6
KSCD KFA Small Cap Quality Dividend Index ETF 4.2 51 48 6.1 +0.8
IHE iShares U.S. Pharmaceuticals ETF 4.1 42 57 5.3 +0.0
XPH SPDR S&P Pharmaceuticals ETF 4.1 35 64 4.8 -0.4
PBE Invesco Dynamic Biotechnology & Genome ETF 4.1 57 42 -1.0 -6.3
ACIO Aptus Collared Income Opportunity ETF 4.0 79 20 4.5 -0.7
FDRR Fidelity Dividend ETF for Rising Rates 4.0 29 70 6.9 +1.7
JMIN JPMorgan U.S. Minimum Volatility ETF 4.0 12 87 5.8 +0.5
XMMO Invesco S&P MidCap Momentum ETF 4.0 39 60 4.3 -0.9
JKE iShares Morningstar Large-Cap Growth ETF 4.0 25 74 3.5 -1.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.0 35 64 3.7 -1.6
FXH First Trust Health Care AlphaDEX Fund 3.9 62 37 4.4 -0.8
OEF iShares S&P 100 ETF 3.9 20 79 4.9 -0.3
SPXT ProShares S&P 500 Ex-Technology ETF 3.9 27 72 5.6 +0.4
PFM Invesco Dividend Achievers ETF 3.9 54 45 5.3 +0.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 3.8 60 39 3.5 -1.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
AdvisorShares Vice ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.8 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 99 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.