ClearBridge All Cap Growth ETF
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
2.8x
P/BV
ratio
3.8x 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) $160
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) $267,039
Large cap (>$10bn) 93.1%
Mid cap ($2-10bn) 6.7%
Small cap (<$2bn) 0.2%
Developed mkts 98.9%
Emerging mkts 1.1%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 5.4 %
AMAZON.COM INC 4.5 %
MICROSOFT CORP 4.1 %
COMCAST CORP-CL A 3.9 %
FACEBOOK 3.0 %
VISA INC-CLASS A SHARES 2.8 %
BIOGEN IDEC INC 2.8 %
TWITTER INC 2.2 %
ALPHABET INC. CLASS C 2.2 %
ADOBE SYSTEMS INC 2.1 %
Total 33.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.8 %
IRELAND 5.1 %
BRITAIN 2.6 %
SWITZERLAND 1.4 %
CHINA 1.1 %
BELGIUM 0.8 %





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.
0.1% 18.2% -- -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 1.08 95%
MSCI EAFE 1.04 71%
MSCI Emg. Mkts. 0.68 55%

Technical Indicators
Recent close $36.81
30d moving avg. $35.72
Annualized volatility 14.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 12
Turnover 0.3%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $57,960

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 4.3%


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 60.8 60 -6 3.8 -0.5
IWY iShares Russell Top 200 Growth 37.1 20 34 4.6 +0.3
MGK Vanguard Mega Cap 300 Growth 35.7 7 47 4.4 +0.0
JKE iShares Morningstar Large Cap Growth 35.5 25 29 3.4 -1.0
SCHG Schwab U.S. Large-Cap Growth 35.1 4 50 4.3 -0.0
IVW iShares S&P 500 Growth 35.1 18 36 4.6 +0.2
SPYG SPDR Portfolio S&P 500 Growth 35.1 4 50 4.7 +0.4
VOOG Vanguard S&P 500 Growth 35.1 10 44 4.7 +0.3
IWF iShares Russell 1000 Growth 34.8 19 35 4.5 +0.2
TMFC Motley Fool 100 Index 34.6 50 4 3.9 -0.5
VUG Vanguard Growth ETF 34.5 4 50 4.2 -0.1
VONG Vanguard Russell 1000 Growth 34.4 8 46 4.7 +0.3
XLG Invesco S&P Top 50 34.2 20 34 4.9 +0.6
IUSG iShares Core U.S. Growth 34.1 4 50 4.7 +0.3
OEF iShares S&P 100 34.0 20 34 5.2 +0.9
OQAL Invesco Russell 1000 Quality Factor ETF 33.4 19 35 6.0 +1.7
IWL iShares Russell Top 200 33.3 15 39 5.3 +1.0
SPXN ProShares S&P 500 Ex-Financials 33.1 27 27 5.5 +1.1
OMOM Invesco Russell 1000 Momentum Factor ETF 32.7 19 35 5.8 +1.5
TECB iShares U.S. Tech Breakthrough Multisector ETF 32.7 40 14 4.3 -0.1

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:
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 18.1 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.