Sterling Capital Focus Equity ETF
ALTAR
Score™		 3.4% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 43.4x P/Sales
ratio		 8.6x
P/BV
ratio		 6.5x Div.
yield		 0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
LCG is an actively managed fund that seeks long-term capital appreciation. The fund is a concentrated portfolio focused on US large-cap growth stocks.

FUND BASICS
Category US Equities
Fund Sponsor Sterling Capital Management LLC
Website sterlingcapital.com
Inception date Aug 26, 2020
Assets (mns) $64
Currency USD
Expense ratio 59 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 22
Wgt avg mkt cap (mns) $312,749
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ADYEN N.V. UNSPONSORED ADR 16.8 %
COSTAR GROUP INC 7.3 %
S&P GLOBAL, INC. 7.3 %
IDEXX LABORATORIES INC 6.5 %
SHOPIFY, INC. CLASS A 6.0 %
OKTA, INC. CLASS A 5.2 %
VEEVA SYSTEMS INC-CLASS A 5.1 %
AMAZON.COM INC 4.8 %
MONGODB, INC. CLASS A 4.0 %
MSCI INC-A 4.0 %
Total 67.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 74.2 %
NETHERLANDS 16.8 %
CANADA 6.0 %
BRITAIN 2.8 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.8% 33.5% -- -- 6.8%

Market Correlations
versus... Beta R-squared
S&P500 1.41 84%
MSCI EAFE 1.26 62%
MSCI Emg. Mkts. 0.97 39%

Technical Indicators
Recent close $27.65
30d moving avg. $25.71
Annualized volatility 27.3%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.6%
Relative strength (RSI) 87

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $21,831

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 34 potential alternatives to the Sterling Capital Focus Equity ETF ETF based on the alternatives' overlap in portfolio holdings with LCG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LCG Expense: 59 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LCG
Ticker Fund
Name		 Overlap1
vs LCG
(%)		 Expense
ratio
(bp)		 Savings
vs LCG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs LCG
(%)
MMLG First Trust Multi-Manager Large Growth ETF 17.2 85 -26 2.1 -1.3
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 15.7 58 1 2.6 -0.9
THNQ ROBO Global Artificial Intelligence ETF 14.9 68 -9 1.8 -1.6
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 13.7 35 24 4.5 +1.1
STLG iShares Factors US Growth Style ETF 13.3 25 34 6.3 +2.9
QYLD Global X NASDAQ 100 Covered Call ETF 13.2 60 -1 4.2 +0.8
QRMI Global X NASDAQ 100 Risk Managed Income ETF 13.2 60 -1 4.2 +0.8
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 13.2 60 -1 4.2 +0.8
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 13.1 68 -9 4.2 +0.8
QTR Global X NASDAQ 100 Tail Risk ETF 13.1 26 33 4.6 +1.2
QCLR Global X NASDAQ 100 Collar 95-110 ETF 13.0 25 34 4.6 +1.2
ACIO Aptus Collared Investment Opportunity ETF 12.0 79 -20 4.3 +0.9
QYLE Global X Nasdaq 100 ESG Covered Call ETF 11.4 60 -1 4.4 +1.0
EFIV SPDR S&P 500 ESG ETF 11.0 10 49 5.3 +1.9
XYLE Global X S&P 500 ESG Covered Call ETF 10.9 60 -1 4.9 +1.5
FTQI First Trust Nasdaq BuyWrite Income ETF 10.6 75 -16 4.0 +0.6
XYLD Global X S&P 500 Covered Call ETF 10.2 60 -1 4.7 +1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 10.1 60 -1 4.7 +1.3
XRMI Global X S&P 500 Risk Managed Income ETF 10.1 60 -1 4.7 +1.3
PBP Invesco S&P 500 BuyWrite ETF 10.0 49 10 4.8 +1.4
XTR Global X S&P 500 Tail Risk ETF 10.0 26 33 5.2 +1.8
XCLR Global X S&P 500 Collar 95-110 ETF 9.9 25 34 5.2 +1.8
SFLR Innovator Equity Managed Floor ETF 9.3 89 -30 4.3 +0.9
FTHI First Trust BuyWrite Income ETF 9.3 75 -16 5.5 +2.1
DJIA Global X Dow 30 Covered Call ETF 6.0 60 -1 5.4 +2.0
DYLG Global X Dow 30 Covered Call & Growth ETF 6.0 60 -1 5.4 +2.0
TYLG Global X Information Technology Covered Call & Growth ETF 4.5 60 -1 4.7 +1.3
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 4.2 82 -23 5.6 +2.2
XVOL Acruence Active Hedge U.S. Equity ETF 3.1 83 -24 6.1 +2.7
DIVO Amplify CWP Enhanced Dividend Income ETF 3.0 55 4 5.7 +2.3
CCOR Core Alternative ETF 2.7 107 -48 5.0 +1.6
FYLG Global X Financials Covered Call & Growth ETF 1.5 60 -1 5.5 +2.1
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 1.4 75 -16 5.6 +2.2
HYLG Global X Health Care Covered Call & Growth ETF 0.4 60 -1 6.6 +3.2

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Sterling Capital Focus Equity ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.7 %
Divided by: Fwd. P/BV 6.2 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 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.