AI Powered Equity
ALTAR
Score™
4.0% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
24.5x P/Sales
ratio
2.6x
P/BV
ratio
4.4x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AI Powered Equity ETF seeks to provide investment results that exceed broad U.S. Equity benchmark indices at equivalent levels of volatility. The fund typically invests in 40-70 names but analyzes and compares thousands of U.S. companies on a daily basis to find and optimize exposures within the portfolio.

FUND BASICS
Category US Equities
Fund Sponsor ETF Managers Group
Website www.equbotetf.com
Inception date Oct 18, 2017
Assets (mns) $114
Currency USD
Expense ratio 77 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 140
Wgt avg mkt cap (mns) $104,835
Large cap (>$10bn) 84.4%
Mid cap ($2-10bn) 15.3%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ALPHABET INC. CLASS A 3.3 %
INTUIT INC 2.6 %
AMAZON.COM INC 2.2 %
MARTIN MARIETTA MATERIALS 1.7 %
JOHNSON & JOHNSON 1.5 %
NETAPP INC 1.4 %
MOODY'S CORP 1.3 %
QUALCOMM INC 1.3 %
THERMO FISHER SCIENTIFIC INC 1.3 %
SS&C TECHNOLOGIES HOLDINGS 1.3 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
CANADA 1.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.4% 9.4% -- -- 8.2%

Market Correlations
versus... Beta R-squared
S&P500 1.20 93%
MSCI EAFE 1.20 70%
MSCI Emg. Mkts. 0.85 55%

Technical Indicators
Recent close $27.05
30d moving avg. $26.44
Annualized volatility 18.1%
Short interest (ETF) 1.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 18
Turnover 0.4%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $52,359

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the AI Powered Equity ETF based on the alternatives' overlap in portfolio holdings with AIEQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIEQ Expense: 77 bp ALTAR Score™: 4.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIEQ
Ticker Fund
Name
Overlap1
vs AIEQ
(%)
Expense
ratio
(bp)
Savings
vs AIEQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIEQ
(%)
XOUT GraniteShares XOUT US Large Cap 27.7 60 17 5.2 +1.2
SCHG Schwab U.S. Large-Cap Growth 27.5 4 73 4.9 +0.9
IWF iShares Russell 1000 Growth 27.2 19 58 5.0 +1.0
VONG Vanguard Russell 1000 Growth 27.1 12 65 5.1 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.7 75 2 4.7 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 26.7 9 68 6.4 +2.4
JKE iShares Morningstar Large Cap Growth 26.2 25 52 4.1 +0.1
VUG Vanguard Growth ETF 25.7 4 73 4.9 +0.9
SPXN ProShares S&P 500 Ex-Financials 25.4 27 50 5.9 +1.9
FTC First Trust Large Cap Growth 25.4 61 16 3.7 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index 25.4 15 62 5.5 +1.5
SPLG SPDR Portfolio Large Cap 25.1 3 74 5.8 +1.8
SPYG SPDR Portfolio S&P 500 Growth 24.6 4 73 5.1 +1.1
IVW iShares S&P 500 Growth 24.6 18 59 5.0 +1.0
VOOG Vanguard S&P 500 Growth 24.6 15 62 5.0 +1.0
PBP Invesco S&P 500 Buy/Write 24.5 49 28 5.6 +1.6
SPXE ProShares S&P 500 Ex-Energy 24.5 27 50 5.9 +1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 24.4 20 57 6.0 +2.0
KRMA Global X Conscious Companies 24.3 43 34 6.2 +2.2
IWY iShares Russell Top 200 Growth 24.3 20 57 5.1 +1.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
AI Powered Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.6 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 77 bp
Equals: ALTAR Score 4.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.55
 
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.