TrueMark ESG Active Opportunities ETF
ALTAR
Score™
3.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
40.7x P/Sales
ratio
2.8x
P/BV
ratio
8.5x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ECOZ is an actively-managed fund of US large caps screened for ESG standards, with an emphasis on carbon footprint.

FUND BASICS
Category US Equities
Fund Sponsor TrueMark Investments, LLC
Website www.true-shares.com
Inception date Feb 28, 2020
Assets (mns) $9
Currency USD
Expense ratio 58 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 73
Wgt avg mkt cap (mns) $330,064
Large cap (>$10bn) 98.3%
Mid cap ($2-10bn) 1.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ENPHASE ENERGY INC 5.5 %
TESLA MOTORS INC 4.7 %
SQUARE, INC. CLASS A 3.9 %
MICROSOFT CORP 2.9 %
AMAZON.COM INC 2.9 %
WALT DISNEY CO/THE 2.6 %
ALPHABET INC. CLASS A 2.6 %
APPLE INC 2.5 %
UBER TECHNOLOGIES, INC. 2.4 %
ROCKWELL AUTOMATION INC 2.3 %
Total 32.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %
SWITZERLAND 0.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
55.9% -- -- -- 55.9%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $36.21
30d moving avg. $35.07
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $127,352

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the TrueMark ESG Active Opportunities ETF ETF based on the alternatives' overlap in portfolio holdings with ECOZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECOZ Expense: 58 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECOZ
Ticker Fund
Name
Overlap1
vs ECOZ
(%)
Expense
ratio
(bp)
Savings
vs ECOZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs ECOZ
(%)
ESGV Vanguard ESG U.S. Stock ETF 40.8 12 46 4.5 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 40.2 75 -17 3.5 +0.5
IWY iShares Russell Top 200 Growth ETF 40.1 20 38 3.6 +0.6
OEF iShares S&P 100 ETF 39.2 20 38 4.2 +1.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.0 60 -2 3.6 +0.6
SPQQ Siren Large Cap Blend Index ETF 37.8 20 38 4.2 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 37.6 4 54 3.7 +0.7
IVW iShares S&P 500 Growth ETF 37.6 18 40 3.5 +0.5
IWL iShares Russell Top 200 ETF 37.5 15 43 4.4 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 37.3 15 43 4.6 +1.7
BKLC BNY Mellon US Large Cap Core Equity ETF 37.1 0 58 4.5 +1.5
MGC Vanguard Mega Cap Index Fund 37.1 7 51 4.6 +1.6
IWF iShares Russell 1000 Growth ETF 37.1 19 39 3.4 +0.4
MTUM iShares MSCI USA Momentum Factor ETF 37.0 15 43 2.2 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.9 12 46 4.9 +2.0
IUSG iShares Core S&P US Growth ETF 36.5 4 54 3.7 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 36.4 8 50 3.5 +0.6
MGK Vanguard Mega Cap Growth ETF 36.1 7 51 3.6 +0.7
SFYF SoFi 50 ETF 35.6 29 29 0.8 -2.2
VOOG Vanguard S&P 500 Growth ETF 35.1 10 48 3.9 +0.9
HIPR Direxion High Growth ETF 35.0 40 18 3.8 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 35.0 15 43 4.4 +1.4
PWB Invesco Dynamic Large Cap Growth ETF 34.9 56 2 2.1 -0.9
TMFC Motley Fool 100 Index ETF 34.9 50 8 3.0 +0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.7 10 48 4.8 +1.8
SUSL iShares ESG MSCI USA Leaders ETF 34.6 10 48 4.8 +1.8
FDMO Fidelity Momentum Factor ETF 34.6 29 29 2.4 -0.5
XLG Invesco S&P 500 Top 50 ETF 34.6 20 38 4.1 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 34.4 49 9 4.7 +1.7
PBP Invesco S&P 500 BuyWrite ETF 34.3 49 9 4.3 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 34.2 27 31 4.6 +1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.1 20 38 4.6 +1.6
XYLG Global X S&P 500 Covered Call & Growth ETF 34.1 60 -2 4.4 +1.4
DSI iShares MSCI KLD 400 Social ETF 33.9 25 33 4.5 +1.6
SFY SoFi Select 500 ETF 33.7 0 58 4.5 +1.6
SPY SPDR S&P 500 ETF Trust 33.7 9 49 4.7 +1.7
IVV iShares Core S&P 500 ETF 33.6 3 55 4.7 +1.7
SPLG SPDR Portfolio Large Cap ETF 33.6 3 55 4.7 +1.7
EFIV SPDR S&P 500 ESG ETF 33.6 10 48 4.6 +1.6
SNPE Xtrackers S&P 500 ESG ETF 33.6 10 48 4.6 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 33.6 27 31 4.3 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.4 7 51 4.5 +1.5
XVV iShares ESG Screened S&P 500 ETF 33.3 8 50 4.9 +1.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.2 12 46 4.0 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.1 2 56 4.6 +1.6
SUSA iShares MSCI USA ESG Select ETF 33.0 25 33 4.2 +1.2
IQSU IQ Candriam ESG US Equity ETF 33.0 9 49 4.5 +1.5
VV Vanguard Large-Cap Index Fund 32.9 4 54 4.6 +1.6
ESG FlexShares STOXX US ESG Impact Index Fund 32.9 32 26 4.4 +1.5
PBUS Invesco PureBeta MSCI USA ETF 32.8 4 54 4.6 +1.6
QYLD Global X NASDAQ 100 Covered Call ETF 32.8 60 -2 3.2 +0.2
SCHG Schwab U.S. Large-Cap Growth ETF 32.7 4 54 3.2 +0.2
NUSI Nationwide Risk-Managed Income ETF 32.6 68 -10 3.1 +0.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 32.6 60 -2 3.1 +0.1
VUG Vanguard Growth Index Fund 32.6 4 54 3.5 +0.5
QQQ Invesco QQQ Trust 32.5 20 38 3.5 +0.5
QQQM Invesco NASDAQ 100 ETF 32.5 15 43 3.5 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 32.4 20 38 4.8 +1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 32.4 25 33 5.6 +2.6
SCHX Schwab U.S. Large-Cap ETF 32.3 3 55 4.5 +1.6
NULC Nuveen ESG Large-Cap ETF 32.0 20 38 4.2 +1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 31.9 27 31 4.3 +1.3
SCHK Schwab 1000 Index ETF 31.8 5 53 4.6 +1.6
RESP WisdomTree US ESG Fund of Benef Interest 31.8 28 30 5.0 +2.1
JKE iShares Morningstar Large-Cap Growth ETF 31.7 25 33 2.2 -0.8
IWB iShares Russell 1000 ETF 31.7 15 43 4.4 +1.5
VOO VANGUARD S&P 500 ETF 31.7 3 55 4.8 +1.8
SPTM SPDR Portfolio Total Stock Market ETF 31.6 3 55 4.8 +1.8
IYY iShares Dow Jones U.S. ETF 31.5 20 38 4.4 +1.4
VEGN US Vegan Climate ETF 31.2 60 -2 3.9 +0.9
NULG Nuveen ESG Large-Cap Growth ETF 31.2 35 23 2.9 -0.1
KRMA Global X Conscious Companies ETF 31.1 43 15 4.8 +1.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 31.1 15 43 5.8 +2.8
JMOM JPMorgan U.S. Momentum Factor ETF 31.1 12 46 3.0 -0.0
ADME Aptus Drawdown Managed Equity ETF 30.8 79 -21 3.1 +0.1
VTHR Vanguard Russell 3000 Index Fund 30.7 10 48 4.4 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 30.7 9 49 4.8 +1.8
USXF iShares ESG Advanced MSCI USA ETF 30.7 10 48 4.5 +1.5
MILN Global X Millennials Thematic ETF 30.3 50 8 1.9 -1.1
SCHB Schwab U.S. Broad Market ETF 30.2 3 55 4.4 +1.5
IWV iShares Russell 3000 ETF 30.2 20 38 4.3 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.1 3 55 4.4 +1.4
VONE Vanguard Russell 1000 ETF 29.9 8 50 4.5 +1.6
SIXA 6 Meridian Mega Cap Equity ETF 29.8 82 -24 5.8 +2.8
VTI Vanguard Total Stock Market Index Fund 29.6 3 55 4.4 +1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 29.5 49 9 3.4 +0.5
XNTK SPDR NYSE Technology ETF 29.4 35 23 2.7 -0.3
MMLG First Trust Multi-Manager Large Growth ETF 29.2 85 -27 1.8 -1.2
TECB iShares US Tech Breakthrough Multisector ETF 28.9 40 18 3.4 +0.5
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 28.5 49 9 4.2 +1.2
EPS WisdomTree U.S. Earnings 500 Fund 28.4 8 50 5.9 +2.9
ACIO Aptus Collared Income Opportunity ETF 28.3 79 -21 3.8 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 28.3 29 29 4.5 +1.6
RFFC RiverFront Dynamic US Flex-Cap ETF 28.2 52 6 4.4 +1.4
DFAU Dimensional US Core Equity Market ETF 28.1 12 46 4.7 +1.7
CLRG IQ Chaikin U.S. Large Cap ETF 28.1 25 33 5.0 +2.0
LRGE ClearBridge Large Cap Growth ESG ETF 28.1 59 -1 3.3 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 28.0 15 43 5.2 +2.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 28.0 30 28 5.0 +2.1

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

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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:
TrueMark ESG Active Opportunities 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 26.0 %
Divided by: Fwd. P/BV 7.3 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.49
 
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.