USCF SummerHaven SHPEI Index Fund
ALTAR
Score™
11.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.8x P/Sales
ratio
0.4x
P/BV
ratio
1.0x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The USCF SummerHaven SHPEI Index Fund tracks an equal-weighted index of roughly 200 micro-, small-, and midcap US stocks that exhibit similar return characteristics to those companies held by private equity firms.

FUND BASICS
Category US Equities
Fund Sponsor USCF Advisers
Website www.uscfinvestments.com
Inception date Dec 01, 2017
Assets (mns) $27
Currency USD
Expense ratio 80 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 267
Wgt avg mkt cap (mns) $1,391
Large cap (>$10bn) 0.6%
Mid cap ($2-10bn) 21.6%
Small cap (<$2bn) 77.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
STAMPS.COM INC 1.4 %
SYNAPTICS INC 1.0 %
REALOGY HOLDINGS CORP 0.7 %
COLLEGIUM PHARMACEUTICAL, INC. 0.7 %
PETMED EXPRESS INC 0.7 %
XPO LOGISTICS INC 0.7 %
UNISYS CORP 0.6 %
AXCELIS TECHNOLOGIES, INC. 0.6 %
ULTRA CLEAN HOLDINGS 0.6 %
MASONITE INTERNATIONAL CORP 0.6 %
Total 7.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
PUERTO RICO 0.7 %
LUXEMBOURG 0.7 %
CANADA 0.6 %
BERMUDA 0.6 %
ISRAEL 0.3 %
BRITAIN 0.2 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.4% -7.8% -- -- -6.2%

Market Correlations
versus... Beta R-squared
S&P500 1.28 66%
MSCI EAFE 1.35 57%
MSCI Emg. Mkts. 0.91 43%

Technical Indicators
Recent close $18.91
30d moving avg. $19.83
Annualized volatility 22.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $3,789

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the USCF SummerHaven SHPEI Index Fund ETF based on the alternatives' overlap in portfolio holdings with BUY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BUY Expense: 80 bp ALTAR Score™: 11.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BUY
Ticker Fund
Name
Overlap1
vs BUY
(%)
Expense
ratio
(bp)
Savings
vs BUY
(bp)
ALTAR
Score™
(%)
ALTAR
vs BUY
(%)
SQLV Legg Mason Small-Cap Quality Value 25.0 62 18 4.4 -7.1
AVUV Avantis U.S. Small Cap Value ETF 23.6 25 55 8.2 -3.3
CSML IQ Chaikin U.S. Small Cap ETF 21.2 35 45 8.4 -3.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 21.0 29 51 7.4 -4.2
EES WisdomTree SmallCap Earnings Fund 20.2 38 42 9.3 -2.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 18.2 39 41 6.8 -4.7
FDM First Trust Dow Jones Select Microcap Index Fund 18.0 60 20 7.3 -4.2
FYT First Trust Small Cap Value AlphaDEX Fund 17.9 72 8 7.7 -3.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 17.3 35 45 7.2 -4.4
VUSE Vident Core US Equity Fund 16.4 48 32 8.0 -3.6
ROGS Hartford Multifactor Global Small Cap ETF 16.3 34 46 7.7 -3.8
CALF Pacer US Small Cap Cash Cows 100 ETF 15.8 59 21 10.8 -0.8
BUYN USCF SummerHaven SHPEN Index Fund 15.7 80 0 7.1 -4.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 15.5 40 40 5.6 -6.0
SLYV SPDR S&P 600 Small Cap Value ETF 15.3 15 65 7.7 -3.9
IJS iShares S&P Small-cap 600 Value ETF 15.1 25 55 7.5 -4.1
FYX First Trust Small Cap Core AlphaDEX Fund 15.0 63 17 5.4 -6.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 14.7 15 65 7.6 -4.0
AFSM First Trust Active Factor Small Cap ETF 14.6 75 5 7.1 -4.5
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 14.4 35 45 7.6 -3.9

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:
USCF SummerHaven SHPEI Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 11.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.