ClearBridge All Cap Growth ETF
ALTAR
Score™
4.5% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.5x P/Sales
ratio
2.9x
P/BV
ratio
4.3x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ClearBridge All Cap Growth ETF is an actively managed fund of global stocks and ADRs selected for above average long-term earnings and/or cash flow growth.

FUND BASICS
Category US Equities
Fund Sponsor Legg Mason
Website www.leggmason.com
Inception date May 03, 2017
Assets (mns) $172
Currency USD
Expense ratio 54 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 85
Wgt avg mkt cap (mns) $295,793
Large cap (>$10bn) 93.0%
Mid cap ($2-10bn) 6.7%
Small cap (<$2bn) 0.3%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 5.7 %
AMAZON.COM INC 5.4 %
MICROSOFT CORP 4.2 %
COMCAST CORP-CL A 3.5 %
FACEBOOK 3.3 %
VISA INC-CLASS A SHARES 2.7 %
BIOGEN IDEC INC 2.7 %
BROADCOM INC. 2.5 %
VERTEX PHARMACEUTICALS INC 2.3 %
ADOBE SYSTEMS INC 2.3 %
Total 34.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 89.9 %
IRELAND 3.2 %
SWITZERLAND 1.8 %
BRITAIN 1.4 %
CHINA 1.1 %
BELGIUM 0.5 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.0% 18.4% -- -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.98 95%
MSCI EAFE 0.96 78%
MSCI Emg. Mkts. 0.71 66%

Technical Indicators
Recent close $35.42
30d moving avg. $33.04
Annualized volatility 17.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.5%
Bid/Ask (% of price) 0.51%
ADV underlying (mns) $94,377

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ClearBridge All Cap Growth ETF ETF based on the alternatives' overlap in portfolio holdings with CACG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CACG Expense: 54 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CACG
Ticker Fund
Name
Overlap1
vs CACG
(%)
Expense
ratio
(bp)
Savings
vs CACG
(bp)
ALTAR
Score™
(%)
ALTAR
vs CACG
(%)
LRGE ClearBridge Large Cap Growth ESG ETF 61.1 60 -6 4.0 -0.5
IWY iShares Russell Top 200 Growth ETF 39.7 20 34 4.3 -0.1
IWF iShares Russell 1000 Growth ETF 37.3 19 35 4.3 -0.1
VONG Vanguard Russell 1000 Growth Index Fund 37.3 8 46 4.4 -0.0
JKE iShares Morningstar Large-Cap Growth ETF 37.0 25 29 3.5 -1.0
MGK Vanguard Mega Cap Growth ETF 36.7 7 47 4.3 -0.1
OEF iShares S&P 100 ETF 36.0 20 34 5.0 +0.5
TMFC Motley Fool 100 Index ETF 36.0 50 4 4.0 -0.5
SCHG Schwab U.S. Large-Cap Growth ETF 35.8 4 50 4.3 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 35.8 4 50 4.5 +0.0
VOOG Vanguard S&P 500 Growth ETF 35.8 10 44 4.4 -0.0
IVW iShares S&P 500 Growth ETF 35.8 18 36 4.3 -0.1
XLG Invesco S&P 500 Top 50 ETF 35.8 20 34 4.7 +0.2
VUG Vanguard Growth Index Fund 35.4 4 50 4.2 -0.2
IWL iShares Russell Top 200 ETF 34.9 15 39 5.2 +0.7
SNPE Xtrackers S&P 500 ESG ETF 34.9 11 43 5.2 +0.8
IUSG iShares Core S&P US Growth ETF 34.8 4 50 4.5 +0.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 34.4 15 39 4.8 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 33.9 27 27 5.1 +0.7
MGC Vanguard Mega Cap Index Fund 33.8 7 47 5.3 +0.9
PBP Invesco S&P 500 BuyWrite ETF 33.3 49 5 5.1 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 33.1 15 39 5.2 +0.7
HSPX Global X S&P 500 Covered Call ETF 32.9 65 -11 5.0 +0.5
TECB iShares US Tech Breakthrough Multisector ETF 32.9 40 14 4.1 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 32.9 60 -6 4.5 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 32.6 60 -6 3.7 -0.7
IGM iShares North American Tech ETF 32.3 46 8 4.0 -0.4
NUSI Nationwide Risk-Managed Income ETF 32.2 68 -14 3.7 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.1 20 34 5.5 +1.1
WOMN Impact Shares YWCA Women's Empowerment ETF 32.0 75 -21 4.6 +0.1
VEGN US Vegan Climate ETF 32.0 60 -6 5.3 +0.8
SPXE ProShares S&P 500 Ex-Energy ETF 32.0 27 27 5.4 +1.0
QQQ Invesco QQQ Trust 31.9 20 34 4.1 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 31.8 12 42 4.9 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.8 20 34 5.1 +0.6
IETC iShares Evolved U.S. Technology ETF 31.3 18 36 4.1 -0.4
SPLG SPDR Portfolio Large Cap ETF 31.3 3 51 5.5 +1.1
IVV iShares Core S&P 500 ETF 31.3 4 50 5.5 +1.1
SPY SPDR S&P 500 ETF Trust 31.3 9 45 5.5 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.2 12 42 5.1 +0.6
VOO VANGUARD S&P 500 ETF 31.1 3 51 5.5 +1.1
VV Vanguard Large-Cap Index Fund 31.1 4 50 5.4 +0.9
ESGV Vanguard ESG U.S. Stock ETF 31.0 12 42 5.3 +0.9
IQSU IQ Candriam ESG US Equity ETF 31.0 9 45 5.3 +0.8
PBUS Invesco PureBeta MSCI USA ETF 31.0 4 50 5.4 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 30.6 2 52 5.4 +1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 30.3 27 27 5.2 +0.7
SCHX Schwab U.S. Large-Cap ETF 30.2 3 51 5.4 +1.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 30.0 21 33 3.2 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 29.9 29 25 5.3 +0.9
IWB iShares Russell 1000 ETF 29.6 15 39 5.3 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 29.5 3 51 5.6 +1.2
SCHK Schwab 1000 Index ETF 29.4 5 49 5.4 +0.9
SFY SoFi Select 500 ETF 29.4 0 54 5.4 +0.9
VONE Vanguard Russell 1000 ETF 29.3 8 46 5.4 +0.9
IYY iShares Dow Jones U.S. ETF 29.2 20 34 5.3 +0.8
ECOZ TrueMark ESG Active Opportunities ETF 29.1 58 -4 4.4 -0.0
NACP Impact Shares NAACP Minority Empowerment ETF 28.8 75 -21 4.6 +0.2
VTI Vanguard Total Stock Market Index Fund 28.4 3 51 5.3 +0.8
ESG FlexShares STOXX US ESG Impact Index Fund 28.4 32 22 5.2 +0.8
SCHB Schwab U.S. Broad Market ETF 28.4 3 51 5.4 +0.9
IWV iShares Russell 3000 ETF 28.3 20 34 5.2 +0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.3 3 51 5.3 +0.8
VTHR Vanguard Russell 3000 Index Fund 28.1 10 44 5.3 +0.8
ADME Aptus Drawdown Managed Equity ETF 27.9 81 -27 3.8 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 27.8 9 45 5.6 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 27.8 15 39 6.4 +1.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 27.5 29 25 4.3 -0.1
ACIO Aptus Collared Income Opportunity ETF 27.5 79 -25 4.5 +0.1
GVIP Goldman Sachs Hedge Industry VIP ETF 27.4 45 9 5.0 +0.6
DSI iShares MSCI KLD 400 Social ETF 27.3 25 29 5.3 +0.8
GDAT Goldman Sachs Motif Data-Driven World Etf 27.0 50 4 5.2 +0.7
PWB Invesco Dynamic Large Cap Growth ETF 26.8 55 -1 3.5 -1.0
SYG SPDR MFS Systematic Growth Equity ETF 26.5 60 -6 4.6 +0.2
FDMO Fidelity Momentum Factor ETF 26.0 29 25 3.9 -0.5
FMK First Trust Mega Cap AlphaDEX Fund 26.0 70 -16 5.3 +0.8
TTAC TrimTabs Float Shrink ETF 25.9 59 -5 3.6 -0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 25.7 49 5 4.2 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.4 75 -21 3.7 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 25.3 27 27 5.7 +1.2
EXT WisdomTree U.S. Total Earnings Fund 24.9 28 26 5.8 +1.4
NULC Nuveen ESG Large-Cap ETF 24.9 20 34 5.3 +0.8
FQAL Fidelity Quality Factor ETF 24.8 29 25 5.5 +1.0
IYW iShares U.S. Technology ETF 24.8 42 12 4.3 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 24.8 12 42 5.3 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 24.8 10 44 5.4 +1.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 24.7 10 44 5.5 +1.0
SUSA iShares MSCI USA ESG Select ETF 24.7 25 29 4.8 +0.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 24.6 57 -3 5.1 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 24.2 8 46 6.5 +2.1
KRMA Global X Conscious Companies ETF 24.0 43 11 5.3 +0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 24.0 25 29 6.0 +1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.0 19 35 5.7 +1.2
QLC FlexShares US Quality Large Cap Index Fund 24.0 32 22 5.6 +1.1
IUS Invesco Strategic US ETF 23.9 19 35 6.2 +1.8
XNTK SPDR Morgan Stanley Technology ETF 23.5 35 19 4.0 -0.4
TOK iShares MSCI Kokusai ETF 23.0 25 29 5.8 +1.3
JHML John Hancock Multifactor Large Cap ETF 23.0 34 20 5.6 +1.1
FVAL Fidelity Value Factor ETF 22.9 29 25 8.1 +3.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.8 25 29 6.2 +1.7

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:
ClearBridge All Cap Growth ETF
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 20.0 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.53
 
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.