Reality Shares DIVCON Leaders Dividend ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
24.3x P/Sales
ratio
3.1x
P/BV
ratio
6.5x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Reality Shares DIVCON Leaders Dividend ETF tracks an index of dividend-paying US large-cap stocks that are deemed likely to increase their dividends in the next 12 months.

FUND BASICS
Category US Equities
Fund Sponsor Reality Shares
Website www.realityshares.com
Inception date Jan 06, 2016
Assets (mns) $34
Currency USD
Expense ratio 43 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 57
Wgt avg mkt cap (mns) $100,525
Large cap (>$10bn) 96.7%
Mid cap ($2-10bn) 3.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MSCI INC-A 2.1 %
MICROSOFT CORP 2.0 %
CINTAS CORP 2.0 %
MASTERCARD INC-CLASS A 2.0 %
INTUIT INC 2.0 %
ZOETIS INC 2.0 %
WEST PHARMACEUTICAL SERVICES 2.0 %
MOODY'S CORP 2.0 %
FACTSET RESEARCH SYSTEMS INC 2.0 %
VISA INC-CLASS A SHARES 2.0 %
Total 20.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.8% 23.3% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 1.03 93%
MSCI EAFE 0.93 63%
MSCI Emg. Mkts. 0.60 46%

Technical Indicators
Recent close $41.39
30d moving avg. $40.09
Annualized volatility 12.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $20,941

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Reality Shares DIVCON Leaders Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with LEAD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LEAD Expense: 43 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LEAD
Ticker Fund
Name
Overlap1
vs LEAD
(%)
Expense
ratio
(bp)
Savings
vs LEAD
(bp)
ALTAR
Score™
(%)
ALTAR
vs LEAD
(%)
GARD Reality Shares DIVCON Dividend Guard 99.8 129 -86 3.9 -0.8
DFND Reality Shares DIVCON Dividend Defender 77.2 121 -78 4.0 -0.7
PSET Principal Price Setters 34.3 29 14 5.3 +0.6
FTCS First Trust Capital Strength 31.2 60 -17 4.9 +0.2
VSDA VictoryShares Dividend Accelerator 29.7 35 8 4.7 -0.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum 28.2 75 -32 3.8 -0.9
PWB Invesco Dynamic Large Cap Growth 27.3 55 -12 3.8 -1.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 25.9 29 14 8.7 +4.0
QUAL iShares Edge MSCI USA Quality Factor 25.5 15 28 5.6 +0.9
SPHQ Invesco S&P 500 Quality 23.9 15 28 5.7 +1.0
OQAL Invesco Russell 1000 Quality Factor ETF 23.8 19 24 6.0 +1.3
JQUA JPMorgan U.S. Quality Factor 23.0 12 31 5.6 +0.9
FCTR First Trust Lunt U.S. Factor Rotation 22.8 65 -22 6.4 +1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index 22.7 15 28 5.3 +0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.7 75 -32 4.1 -0.7
OVOL Invesco Russell 1000 Low Volatility Factor ETF 21.4 19 24 6.6 +1.9
JMOM JPMorgan U.S. Momentum Factor 21.4 12 31 4.1 -0.6
TTAC TrimTabs All Cap US Free-Cash-Flow 21.2 59 -16 4.6 -0.1
KLCD KFA Large Cap Quality Dividend Index 21.0 41 2 5.0 +0.3
FLQL Franklin LibertyQ U.S. Equity 20.8 15 28 6.5 +1.8

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:
Reality Shares DIVCON Leaders Dividend 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 32.6 %
Divided by: Fwd. P/BV 6.3 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.