Barron's 400
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.1x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Barron's 400 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barron's 400 Index.

FUND BASICS
Category US Equities
Fund Sponsor ALPS Advisors Inc
Website www.alpsetfs.com
Inception date Jun 04, 2013
Assets (mns) $145
Currency USD
Expense ratio 66 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 397
Wgt avg mkt cap (mns) $42,379
Large cap (>$10bn) 51.0%
Mid cap ($2-10bn) 32.3%
Small cap (<$2bn) 16.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ARROWHEAD PHARMACEUTICALS, INC. 0.4 %
QORVO INC 0.3 %
KEMET CORP 0.3 %
FORTINET INC 0.3 %
STEVEN MADDEN LTD 0.3 %
CENTENE CORP 0.3 %
UNIVERSAL FOREST PRODUCTS 0.3 %
BUILDERS FIRSTSOURCE INC 0.3 %
HUMANA INC 0.3 %
NMI HOLDINGS INC-CLASS A 0.3 %
Total 3.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 1.0 %
PUERTO RICO 1.0 %
CHINA 0.2 %







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.
13.9% 1.8% 6.0% -- 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.26 83%
MSCI EAFE 1.05 49%
MSCI Emg. Mkts. 0.65 31%

Technical Indicators
Recent close $41.52
30d moving avg. $40.50
Annualized volatility 16.7%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.6%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $77,502

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Barron's 400 ETF based on the alternatives' overlap in portfolio holdings with BFOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BFOR Expense: 66 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BFOR
Ticker Fund
Name
Overlap1
vs BFOR
(%)
Expense
ratio
(bp)
Savings
vs BFOR
(bp)
ALTAR
Score™
(%)
ALTAR
vs BFOR
(%)
CFA Compass EMP US 500 Volatility Weighted 40.9 35 31 6.1 +0.4
CFO Victory CEMP US 500 Enhanced Volatility Wtd 40.8 35 31 6.1 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity 39.5 9 57 6.4 +0.8
RSP Invesco S&P 500 Equal Weight 37.1 20 46 6.8 +1.1
JHML John Hancock Multifactor Large Cap 33.7 34 32 5.9 +0.3
SIZE iShares MSCI USA Size Factor 33.3 15 51 6.3 +0.6
ONEO SPDR Russell 1000 Momentum Focus 33.2 20 46 6.4 +0.7
FEX First Trust Large Cap Core Alphadex 32.9 61 5 6.4 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight 32.7 29 37 6.7 +1.0
JPUS JPMorgan Diversified Return U.S. Equity 32.3 19 47 6.3 +0.6
EUSA iShares MSCI USA Equal Weight 32.2 15 51 6.5 +0.8
AVUS Avantis U.S. Equity 32.2 15 51 6.0 +0.4
RNLC Large Cap US Equity Select 32.1 60 6 6.3 +0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor 32.0 17 49 6.3 +0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 31.3 9 57 6.4 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 31.1 75 -9 4.6 -1.0
SCIU Global X Scientific Beta US 29.7 19 47 5.7 +0.0
TUSA First Trust Total US Market AlphaDEX 29.3 70 -4 6.6 +1.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core 28.5 17 49 7.0 +1.3
FAD First Trust Multi Cap Growth 28.5 69 -3 3.4 -2.3

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:
Barron's 400
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 14.6 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.