Cambria Core Equity
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
18.2x P/Sales
ratio
2.3x
P/BV
ratio
3.7x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Cambria Core Equity ETF is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay.

FUND BASICS
Category US Equities
Fund Sponsor Cambria
Website www.cambriafunds.com
Inception date May 24, 2017
Assets (mns) $103
Currency USD
Expense ratio 123 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 47
Wgt avg mkt cap (mns) $179,378
Large cap (>$10bn) 95.8%
Mid cap ($2-10bn) 4.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 2.6 %
DOLLAR GENERAL CORP 2.6 %
LOCKHEED MARTIN CORP 2.5 %
AIR PRODUCTS & CHEMICALS INC 2.4 %
MICROSOFT CORP 2.4 %
HARRIS CORP 2.4 %
AT&T INC 2.4 %
NEXTERA ENERGY GROUP 2.4 %
JPMORGAN CHASE & CO 2.4 %
SYSCO CORP 2.3 %
Total 24.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 2.1 %
BRITAIN 1.9 %








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.
3.1% 6.6% -- -- 4.5%

Market Correlations
versus... Beta R-squared
S&P500 -0.11 11%
MSCI EAFE -0.14 15%
MSCI Emg. Mkts. -0.11 13%

Technical Indicators
Recent close $27.49
30d moving avg. $27.28
Annualized volatility 4.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.4%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $29,915

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CCOR Expense: 123 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CCOR
Ticker Fund
Name
Overlap1
vs CCOR
(%)
Expense
ratio
(bp)
Savings
vs CCOR
(bp)
ALTAR
Score™
(%)
ALTAR
vs CCOR
(%)
USMC Principal U.S. Mega-Cap Multi-Factor Index 39.0 12 111 5.7 +1.2
MGV Vanguard Mega Cap 300 Value 37.4 7 116 7.0 +2.5
DLN WisdomTree Large Cap Dividend 35.4 28 95 6.5 +1.9
VYM Vanguard High Dividend Yield ETF 34.6 6 117 7.2 +2.6
DGRO iShares Core Dividend Growth 34.4 8 115 6.4 +1.8
QDEF FlexShares Quality Dividend Defensive 33.7 37 86 6.0 +1.4
OEF iShares S&P 100 33.5 20 103 5.5 +0.9
VSMV VictoryShares US Multi-Factor Minimum Volatility 33.5 35 88 6.3 +1.7
VTV Vanguard Value ETF 33.2 4 119 7.2 +2.6
OVOL Invesco Russell 1000 Low Volatility Factor ETF 33.2 19 104 5.6 +1.0
XLG Invesco S&P Top 50 33.1 20 103 5.1 +0.6
OUSA O'Shares FTSE U.S. Quality Dividend 33.0 48 75 5.9 +1.3
PFM Invesco Dividend Achievers 32.4 54 69 5.4 +0.9
DTD WisdomTree Total Dividend 32.1 28 95 6.6 +2.0
PRID InsightShares LGBT Employment Equality 31.6 65 58 5.4 +0.8
DIVB iShares U.S. Dividend & Buyback 31.6 25 98 6.6 +2.1
FMK First Trust Mega Cap AlphaDEX 31.1 70 53 5.6 +1.0
EQWL Invesco Fundamental Pure Large Core 31.0 25 98 6.4 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 30.3 32 91 5.4 +0.8
DIVO Amplify YieldShares CWP Dividend & Option Income 30.2 49 74 5.5 +0.9

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

  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

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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:
Cambria Core Equity
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 19.3 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 123 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 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.