Qraft AI-Enhanced U.S. Large Cap Momentum
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.7x P/Sales
ratio
2.8x
P/BV
ratio
7.8x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence.

FUND BASICS
Category US Equities
Fund Sponsor Cottonwood ETF Holdings LLC
Website qraftaietf.com
Inception date May 21, 2019
Assets (mns) $3
Currency USD
Expense ratio 75 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 49
Wgt avg mkt cap (mns) $213,463
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 8.8 %
MASTERCARD INC-CLASS A 5.0 %
WAL-MART STORES INC 4.7 %
PROCTER & GAMBLE CO/THE 4.5 %
HOME DEPOT INC 4.1 %
PEPSICO INC 3.4 %
NEXTERA ENERGY GROUP 2.7 %
COSTCO WHOLESALE CORP 2.6 %
SHOPIFY, INC. CLASS A 2.1 %
INTUIT INC 2.0 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.4 %
CANADA 2.1 %
BRITAIN 1.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.89
30d moving avg. $26.77
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.8%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $23,049

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Qraft AI-Enhanced U.S. Large Cap Momentum ETF based on the alternatives' overlap in portfolio holdings with AMOM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AMOM Expense: 75 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AMOM
Ticker Fund
Name
Overlap1
vs AMOM
(%)
Expense
ratio
(bp)
Savings
vs AMOM
(bp)
ALTAR
Score™
(%)
ALTAR
vs AMOM
(%)
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 37.3 75 0 4.1 +0.3
MTUM iShares MSCI USA Momentum Factor 35.7 15 60 4.1 +0.3
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 33.5 29 46 8.7 +4.9
PWB Invesco Dynamic Large Cap Growth 33.1 55 20 3.8 -0.0
SPMO Invesco S&P 500 Momentum Portfolio 31.7 13 62 4.0 +0.2
IEDI iShares Evolved U.S. Discretionary Spending 29.3 18 57 4.8 +1.0
GARD Reality Shares DIVCON Dividend Guard 28.3 129 -54 3.9 +0.1
LEAD Reality Shares DIVCON Leaders Dividend 28.2 43 32 4.7 +0.9
NULG NuShares ESG Large-Cap Growth 27.8 35 40 3.7 -0.1
JKE iShares Morningstar Large Cap Growth 26.9 25 50 3.4 -0.4
RPG Invesco S&P 500 Pure Growth ETF 26.4 35 40 5.0 +1.2
OQAL Invesco Russell 1000 Quality Factor ETF 25.4 19 56 6.0 +2.2
FLQL Franklin LibertyQ U.S. Equity 25.2 15 60 6.5 +2.8
VIG Vanguard Dividend Appreciation 25.0 6 69 5.2 +1.4
FDMO Fidelity Momentum Factor 24.7 29 46 3.9 +0.1
FTXD First Trust Nasdaq Retail 24.3 60 15 7.0 +3.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index 24.3 15 60 5.3 +1.5
DFND Reality Shares DIVCON Dividend Defender 24.0 121 -46 4.1 +0.3
IYC iShares DJ US Consumer Services 23.5 42 33 4.6 +0.8
IVW iShares S&P 500 Growth 23.5 18 57 4.6 +0.8

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

Content on this tab for subscribers only

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:
Qraft AI-Enhanced U.S. Large Cap Momentum
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 34.1 %
Divided by: Fwd. P/BV 7.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.56
 
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.