USCF SummerHaven SHPEI Index Fund
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
-59.4x P/Sales
ratio
0.5x
P/BV
ratio
1.3x Div.
yield
1.7%


  • 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) $1
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 199
Wgt avg mkt cap (mns) $2,857
Large cap (>$10bn) 3.5%
Mid cap ($2-10bn) 43.6%
Small cap (<$2bn) 52.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
OWENS & MINOR INC 1.4 %
RENEWABLE ENERGY GROUP INC 1.1 %
HIBBETT SPORTS INC 1.0 %
L BRANDS, INC. 0.8 %
SIGNET JEWELERS LIMITED 0.8 %
BMC STOCK HOLDINGS, INC. 0.7 %
RED ROBIN GOURMET BURGERS 0.7 %
DYCOM INDUSTRIES INC 0.7 %
KONTOOR BRANDS, INC. 0.7 %
BUILDERS FIRSTSOURCE INC 0.7 %
Total 8.7 %

TOP COUNTRY EXPOSURE
0.0 %











HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.9% -9.5% -- -- -7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.42 81%
MSCI EAFE 1.54 77%
MSCI Emg. Mkts. 1.13 65%

Technical Indicators
Recent close $17.18
30d moving avg. $16.75
Annualized volatility 29.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1
Turnover 2.0%
Bid/Ask (% of price) 1.76%
ADV underlying (mns) $8,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.6%


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
(%)
IJJ iShares S&P Mid-Cap 400 Value ETF 26.4 25 55 8.1 -0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 23.9 20 60 9.1 +0.5
JKL iShares Morningstar Small Cap Value ETF 23.1 30 50 9.8 +1.2
VUSE Vident Core US Equity Fund 22.3 48 32 8.8 +0.3
RWK Invesco S&P MidCap 400 Revenue ETF 21.9 39 41 7.9 -0.6
AVUV Avantis U.S. Small Cap Value ETF 21.5 25 55 7.8 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 20.5 38 42 8.6 +0.0
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 20.4 29 51 9.2 +0.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 20.1 39 41 6.9 -1.6
MDYV SPDR S&P 400 Mid Cap Value ETF 18.5 15 65 8.3 -0.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 18.0 15 65 8.7 +0.1
FNK First Trust Mid Cap Value AlphaDEX Fund 18.0 70 10 10.5 +2.0
IJS iShares S&P Small-cap 600 Value ETF 17.8 25 55 8.7 +0.2
SLYV SPDR S&P 600 Small Cap Value ETF 17.7 15 65 8.6 +0.1
FYT First Trust Small Cap Value AlphaDEX Fund 17.7 72 8 9.3 +0.7
VBR Vanguard Small Cap Value Index Fund 17.6 7 73 7.9 -0.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 17.2 15 65 8.2 -0.4
PSC Principal U.S. Small Cap Index ETF 16.9 38 42 6.7 -1.9
RZV Invesco S&P Smallcap 600 Pure Value ETF 16.8 35 45 8.1 -0.4
ROGS Hartford Multifactor Global Small Cap ETF 16.5 34 46 8.0 -0.5
AFSM First Trust Active Factor Small Cap ETF 16.5 75 5 5.4 -3.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 16.4 40 40 7.1 -1.4
CALF Pacer US Small Cap Cash Cows 100 ETF 16.3 59 21 9.0 +0.4
RFV Invesco S&P Midcap 400 Pure Value ETF 16.1 35 45 9.2 +0.6
SQLV Legg Mason Small-Cap Quality Value 16.1 62 18 6.3 -2.3
EES WisdomTree SmallCap Earnings Fund 15.7 38 42 10.0 +1.4
ISMD Inspire Small/Mid Cap Impact ETF 15.3 60 20 4.8 -3.7
SMDY Syntax Stratified MidCap ETF 15.2 30 50 6.6 -1.9
FYX First Trust Small Cap Core AlphaDEX Fund 14.9 63 17 6.0 -2.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.8 30 50 7.4 -1.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 14.6 39 41 9.1 +0.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.4 24 56 6.4 -2.2
IWN iShares Russell 2000 Value ETF 14.2 24 56 6.6 -1.9
RNMC Mid Cap US Equity Select ETF 14.2 60 20 7.4 -1.2
SSLY Syntax Stratified SmallCap ETF 14.1 30 50 6.4 -2.1
AFMC First Trust Active Factor Mid Cap ETF 14.0 65 15 6.2 -2.4
FNX First Trust Mid Cap Core AlphaDEX Fund 14.0 61 19 6.3 -2.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 13.6 39 41 6.4 -2.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 13.5 40 40 7.1 -1.4
VFVA Vanguard U.S. Value Factor ETF 13.1 14 66 10.8 +2.3
RNSC Small Cap US Equity Select ETF 13.0 60 20 6.9 -1.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 13.0 25 55 7.2 -1.4
IUSS Invesco Strategic US Small Company ETF 12.9 23 57 5.1 -3.5
MDY SPDR S&P Midcap 400 ETF Trust 12.3 23 57 6.2 -2.3
SPMD SPDR Portfolio Mid Cap ETF 12.3 5 75 6.4 -2.1
VIOO Vanguard S&P Small-Cap 600 ETF 12.3 10 70 6.8 -1.7
IJH iShares Core S&P Mid-Cap ETF 12.3 5 75 6.4 -2.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 12.2 60 20 7.7 -0.8
SLY SPDR S&P 600 Small Cap ETF 12.2 15 65 6.8 -1.8
SPSM SPDR Portfolio Small Cap ETF 12.2 5 75 6.9 -1.6
IJR iShares Core S&P Small Cap ETF 12.1 6 74 6.9 -1.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.1 29 51 7.4 -1.2
PXMV Invesco S&P MidCap Value with Momentum ETF 12.1 39 41 9.5 +0.9
IVOO Vanguard S&P Mid-Cap 400 ETF 11.9 10 70 6.2 -2.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.9 35 45 7.7 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 11.8 71 9 9.4 +0.8
NUSC Nuveen ESG Small-Cap ETF 11.7 40 40 4.7 -3.9
TPSC Timothy Plan US Small Cap Core ETF 11.5 52 28 7.8 -0.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 11.5 17 63 4.7 -3.8
BKSE BNY Mellon US Small Cap Core Equity ETF 11.5 4 76 5.6 -3.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.3 29 51 4.9 -3.6
DON WisdomTree U.S. MidCap Dividend Fund 11.1 38 42 7.4 -1.1
ONEY SPDR Russell 1000 Yield Focus ETF 10.8 20 60 8.8 +0.3
PY Principal Shareholder Yield Index ETF 10.5 15 65 9.4 +0.8
VTWV Vanguard Russell 2000 Value Index Fund 10.4 15 65 6.8 -1.7
JHSC John Hancock Multifactor Small Cap ETF 10.0 42 38 5.5 -3.1
SCHA Schwab U.S. Small-Cap ETF 10.0 4 76 4.7 -3.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 9.9 6 74 5.0 -3.5
SCHM Schwab U.S. Mid-Cap ETF 9.7 4 76 5.9 -2.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 9.7 35 45 5.9 -2.7
VB Vanguard Small-Cap ETF 9.6 5 75 5.2 -3.4
IJK iShares S&P Mid-Cap 400 Growth ETF 9.5 24 56 4.8 -3.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.5 35 45 7.8 -0.8
FSMD Fidelity Small-Mid Factor ETF 9.5 29 51 6.2 -2.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 9.4 20 60 4.8 -3.8
PSCI Invesco S&P SmallCap Industrials ETF 9.4 29 51 6.4 -2.1
CSML IQ Chaikin U.S. Small Cap ETF 9.3 35 45 3.8 -4.7
VAMO Cambria Value & Momentum ETF 9.1 63 17 6.1 -2.4
IWM iShares Russell 2000 ETF 8.8 19 61 3.3 -5.3
VFQY Vanguard U.S. Quality Factor ETF 8.8 13 67 6.3 -2.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.8 29 51 5.7 -2.9
VTWO Vanguard Russell 2000 Index Fund 8.7 10 70 3.5 -5.0
VALQ American Century STOXX U.S. Quality Value ETF 8.6 29 51 8.9 +0.3
COWZ Pacer US Cash Cows 100 ETF 8.6 49 31 11.7 +3.1
RPV Invesco S&P 500 Pure Value ETF 8.5 35 45 10.6 +2.1
STSB iShares Factors US Small Blend Style ETF 8.5 35 45 3.6 -4.9
SYLD Cambria Shareholder Yield ETF 8.5 59 21 8.6 +0.1
VFMF Vanguard U.S. Multifactor ETF 8.3 19 61 7.2 -1.3
XRT SPDR S&P Retail ETF 8.3 35 45 5.6 -2.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.2 7 73 5.1 -3.5
SPHB Invesco S&P 500 High Beta ETF 8.1 25 55 8.6 +0.1
XHS SPDR S&P Health Care Services ETF 8.0 35 45 4.1 -4.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 7.9 35 45 9.8 +1.3
QSY WisdomTree U.S. LargeCap Value Fund 7.8 38 42 6.6 -2.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 7.6 39 41 4.5 -4.1
SFYX Sofi Next 500 ETF 7.6 0 80 5.7 -2.8
AUSF Global X Adaptive U.S. Factor ETF 7.6 27 53 9.1 +0.6
JKJ iShares Morningstar Small-Cap ETF 7.5 25 55 6.3 -2.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 7.4 25 55 6.2 -2.4
JVAL JPMorgan U.S. Value Factor ETF 7.3 12 68 8.3 -0.3

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

  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 11.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 80 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.