Compass EMP US Discovery 500 Enhanced Vol.
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
1.0x
P/BV
ratio
1.8x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Compass EMP US Discovery 500 Enhanced Volatility Weighted Index ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that match the performance of the CEMP US Small Cap 500 Long/Cash Volatility Weighted Index before fees and expenses.

FUND BASICS
Category US Equities
Fund Sponsor Compass Efficient Model Portfo
Website www.compassempfunds.com
Inception date Aug 01, 2014
Assets (mns) $58
Currency USD
Expense ratio 35 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian US Bank NA
Weighting Technical
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 462
Wgt avg mkt cap (mns) $1,742
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.6%
Small cap (<$2bn) 63.4%
Developed mkts 100.0%
Emerging mkts 0.1%

TOP TEN HOLDINGS
SJW CORP 0.4 %
NORTHWEST BANCSHARES INC 0.4 %
AIRCASTLE LTD 0.4 %
COLUMBIA FINANCIAL, INC. 0.4 %
FIDELITY NATIONAL FINANCIAL INC - 0.4 %
BRADY CORPORATION - CL A 0.4 %
CAPITOL FEDERAL FINANCIAL IN 0.4 %
NATIONAL HEALTHCARE CORP 0.4 %
COHEN & STEERS INC 0.4 %
MURPHY USA, INC. 0.4 %
Total 3.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
BERMUDA 0.5 %
PUERTO RICO 0.4 %
CAYMAN ISLANDS 0.2 %
NETHERLANDS 0.2 %






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.
-0.3% -11.9% -- -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 59%
MSCI EAFE 0.76 35%
MSCI Emg. Mkts. 0.44 19%

Technical Indicators
Recent close $38.58
30d moving avg. $38.40
Annualized volatility 14.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.6%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.9%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $6,391

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Compass EMP US Discovery 500 Enhanced Vol. ETF based on the alternatives' overlap in portfolio holdings with CSF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CSF Expense: 35 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CSF
Ticker Fund
Name
Overlap1
vs CSF
(%)
Expense
ratio
(bp)
Savings
vs CSF
(bp)
ALTAR
Score™
(%)
ALTAR
vs CSF
(%)
CSA Victory CEMP US Small Cap Volatility Wtd 99.4 35 0 7.1 -0.0
FYX First Trust Small Cap Core Alphadex 47.7 66 -31 5.5 -1.7
EWSC Invesco S&P Small Cap 600 Equal Weight 43.3 40 -5 3.0 -4.2
EES WisdomTree SmallCap Earnings 43.0 38 -3 9.1 +1.9
SLY SPDR S&P 600 Small Cap 42.9 15 20 5.7 -1.5
IJR iShares Core S&P Small-Cap 42.6 7 28 5.8 -1.4
ISMD Inspire Small/Mid Cap Impact 42.4 61 -26 4.6 -2.5
VIOO Vanguard S&P Small-Cap 600 42.2 15 20 5.8 -1.4
RNSC Small Cap US Equity Select 40.1 60 -25 6.0 -1.1
PSC Principal U.S. Small Cap Index 37.8 38 -3 6.6 -0.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 37.0 29 6 4.1 -3.0
SLYV SPDR S&P600 Small Cap Value 34.4 15 20 6.8 -0.3
IJS iShares S&P 600 SmallCap Value 34.3 25 10 6.7 -0.4
VIOV Vanguard S&P Small-Cap 600 Value 34.3 20 15 6.8 -0.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 34.0 20 15 5.3 -1.8
DES WisdomTree Smallcap Dividend 33.7 38 -3 7.0 -0.2
FYT First Trust Small Cap Value AlphaDEX 33.4 76 -41 7.2 +0.1
IWN iShares Russell 2000 Value 32.5 24 11 6.2 -1.0
VTWV Vanguard Russell 2000 Value 32.1 20 15 6.3 -0.9
PQSG PGIM QMA Strategic Alpha Small-Cap Growth 31.6 29 6 1.2 -6.0

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:
Compass EMP US Discovery 500 Enhanced Vol.
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 12.4 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.