ALPS Disruptive Technologies
ALTAR
Score™
3.5% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
29.3x P/Sales
ratio
3.5x
P/BV
ratio
4.0x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DTEC tracks an index of 100 global companies that are involved in disruptive technologies across ten themes.

FUND BASICS
Category Global Equities
Fund Sponsor ALPS
Website www.alpsfunds.com
Inception date Dec 29, 2017
Assets (mns) $73
Currency USD
Expense ratio 50 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $31,531
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 36.2%
Small cap (<$2bn) 7.4%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
ALIGN TECHNOLOGY INC 1.4 %
DEXCOM INC 1.3 %
ADT, INC. 1.3 %
QORVO INC 1.3 %
FORTINET INC 1.2 %
INSULET CORP 1.2 %
AVAST PLC 1.2 %
XERO LIMITED 1.2 %
BROOKFIELD RENEWABLE PARTNERS LP 1.2 %
SKYWORKS SOLUTIONS INC 1.1 %
Total 12.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 59.3 %
BRITAIN 6.0 %
JAPAN 5.0 %
SWITZERLAND 4.9 %
DENMARK 3.0 %
GERMANY 2.9 %
ISRAEL 2.1 %
FRANCE 2.1 %
CANADA 2.0 %
NETHERLANDS 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.
25.0% 16.6% -- -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.23 83%
MSCI EAFE 1.26 67%
MSCI Emg. Mkts. 0.98 60%

Technical Indicators
Recent close $31.09
30d moving avg. $29.84
Annualized volatility 20.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.3%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $18,637

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the ALPS Disruptive Technologies ETF based on the alternatives' overlap in portfolio holdings with DTEC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DTEC Expense: 50 bp ALTAR Score™: 3.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DTEC
Ticker Fund
Name
Overlap1
vs DTEC
(%)
Expense
ratio
(bp)
Savings
vs DTEC
(bp)
ALTAR
Score™
(%)
ALTAR
vs DTEC
(%)
GFIN Goldman Sachs Motif Finance Reimagined 18.3 50 0 5.5 +2.0
ROBO Robo Global Robotics & Automation 18.1 95 -45 3.7 +0.2
XSW SPDR S&P Software & Services 17.6 35 15 4.2 +0.6
IRBO iShares Robotics and Artificial Intelligence 17.2 47 3 2.5 -1.1
CHGX Change Finance Diversified Impact US Large Cap Fossil Fuel 17.2 49 1 6.1 +2.6
GMAN Goldman Sachs Motif Manufacturing Revolution 17.0 50 0 4.7 +1.2
SPHB Invesco S&P 500 High Beta 16.4 25 25 6.3 +2.8
RYT Invesco S&P Equal Weight Technology 16.4 40 10 6.5 +3.0
JKH iShares Morningstar Mid Cap Growth 15.7 30 20 2.7 -0.8
IGV iShares N. American Tech-Software 15.6 46 4 3.1 -0.4
JKE iShares Morningstar Large Cap Growth 15.4 25 25 4.0 +0.5
GDAT Goldman Sachs Motif Data-Driven World 15.3 50 0 5.7 +2.1
FINX Global X FinTech Thematic 14.9 68 -18 3.3 -0.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 14.3 65 -15 2.6 -1.0
VOT Vanguard Mid-Cap Growth 14.3 7 43 4.0 +0.5
FTEC Fidelity MSCI Info Technology 14.1 8 42 5.4 +1.8
VGT Vanguard Info Tech ETF 14.0 10 40 5.3 +1.8
OGIG O'Shares Global Internet Giants 13.9 48 2 1.5 -2.0
RPG Invesco S&P 500 Pure Growth ETF 13.9 35 15 4.4 +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:
ALPS Disruptive Technologies
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 14.4 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.54
 
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.