Victory CEMP US Large Cap High Div Volatility Wtd
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
13.4x P/Sales
ratio
1.2x
P/BV
ratio
1.9x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Victory CEMP US Large Cap High Div Volatility Wtd ETF tracks the performance of the Compass EMP US Large Cap High Dividend 100 Volatility Weighted Index by investing in large dividend-paying US common stocks.

FUND BASICS
Category US Equities
Fund Sponsor Victory Capital Management
Website www.compassempfunds.com
Inception date Jul 08, 2015
Assets (mns) $354
Currency USD
Expense ratio 35 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 99
Wgt avg mkt cap (mns) $57,774
Large cap (>$10bn) 80.1%
Mid cap ($2-10bn) 19.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WESTERN UNION CO 1.5 %
DUKE ENERGY CORP 1.5 %
AMERICAN ELECTRIC POWER 1.4 %
PPL CORPORATION 1.4 %
WESTAR ENERGY INC 1.4 %
PUBLIC SERVICE ENTERPRISE GP 1.4 %
CONSOLIDATED EDISON INC 1.4 %
FIRSTENERGY CORP 1.4 %
MDU RESOURCES GROUP INC 1.3 %
GENUINE PARTS CO 1.3 %
Total 13.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 1.9 %
BRITAIN 0.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.8% 12.2% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 87%
MSCI EAFE 0.80 61%
MSCI Emg. Mkts. 0.55 46%

Technical Indicators
Recent close $49.10
30d moving avg. $49.17
Annualized volatility 11.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.4%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $26,087

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Victory CEMP US Large Cap High Div Volatility Wtd ETF based on the alternatives' overlap in portfolio holdings with CDL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CDL Expense: 35 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CDL
Ticker Fund
Name
Overlap1
vs CDL
(%)
Expense
ratio
(bp)
Savings
vs CDL
(bp)
ALTAR
Score™
(%)
ALTAR
vs CDL
(%)
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 97.7 35 0 7.8 -0.0
TPHD Timothy Plan High Dividend Stock 47.8 52 -17 6.7 -1.1
DVY iShares Select Dividend 41.8 39 -4 8.0 +0.2
DTN WisdomTree Dividend Ex-Financials 40.4 38 -3 7.8 +0.1
USDY Pacific Global US Equity Income 39.2 29 6 7.5 -0.3
SPYD SPDR Portfolio S&P 500 High Dividend 37.5 7 28 9.2 +1.4
RNDV US Equity Dividend Select 35.4 50 -15 7.7 -0.1
VYM Vanguard High Dividend Yield ETF 33.8 6 29 7.2 -0.5
SPDV AAM S&P 500 High Dividend Value 33.7 29 6 10.8 +3.0
FTA First Trust Large Cap Value 33.6 62 -27 8.6 +0.8
OYLD Invesco Russell 1000 Yield Factor ETF 33.4 19 16 7.1 -0.7
SPHD Invesco S&P 500 High Dividend 33.3 30 5 7.8 0.0
LVHD Legg Mason Low Volatility High Dividend ETF 32.5 27 8 6.8 -1.0
ESGS Columbia Sustainable U.S. Equity Income 32.4 35 0 8.3 +0.6
JDIV JPMorgan U.S. Dividend 31.7 12 23 7.5 -0.3
VALQ American Century STOXX U.S. Quality Value 31.7 29 6 8.0 +0.2
QDIV Global X S&P 500 Quality Dividend 31.2 20 15 7.1 -0.7
ONEY SPDR Russell 1000 Yield Focus 30.1 20 15 8.3 +0.5
DHS WisdomTree Equity Income 29.3 38 -3 7.2 -0.6
MAGA Point Bridge GOP Stock Tracker 28.4 72 -37 6.5 -1.3

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

  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

Content on this tab for subscribers only

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:
Victory CEMP US Large Cap High Div Volatility Wtd
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.4 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.73 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.