Innovator Loup Frontier Tech
ALTAR
Score™
2.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
33.9x P/Sales
ratio
2.6x
P/BV
ratio
3.0x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Innovator Loup Frontier Tech ETF tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.

FUND BASICS
Category Global Equities
Fund Sponsor Innovator Capital Management
Website www.innovatoretfs.com
Inception date Jul 25, 2018
Assets (mns) $11
Currency USD
Expense ratio 70 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $23,587
Large cap (>$10bn) 51.2%
Mid cap ($2-10bn) 37.4%
Small cap (<$2bn) 11.3%
Developed mkts 89.1%
Emerging mkts 10.9%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 6.0 %
LUMENTUM HOLDINGS, INC. 5.6 %
KEYENCE CORP 5.5 %
BAIDU INC - SPON ADR 5.2 %
AMS AG 5.0 %
TESLA MOTORS INC 4.3 %
STMICROELECTRONICS NV 3.4 %
TERADYNE INC 3.3 %
ROCKWELL AUTOMATION INC 3.3 %
NVIDIA CORP 3.2 %
Total 44.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 59.1 %
JAPAN 13.3 %
CHINA 5.2 %
AUSTRIA 5.0 %
SWITZERLAND 3.4 %
CAYMAN ISLANDS 3.1 %
SOUTH KOREA 2.8 %
TAIWAN 2.7 %
CANADA 2.2 %


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.
16.5% 3.5% -- -- -9.6%

Market Correlations
versus... Beta R-squared
S&P500 1.66 92%
MSCI EAFE 1.96 92%
MSCI Emg. Mkts. 1.59 84%

Technical Indicators
Recent close $24.45
30d moving avg. $23.85
Annualized volatility 31.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.7%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $6,121

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Innovator Loup Frontier Tech ETF based on the alternatives' overlap in portfolio holdings with LOUP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LOUP Expense: 70 bp ALTAR Score™: 2.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LOUP
Ticker Fund
Name
Overlap1
vs LOUP
(%)
Expense
ratio
(bp)
Savings
vs LOUP
(bp)
ALTAR
Score™
(%)
ALTAR
vs LOUP
(%)
ARKQ ARK Industrial Innovation 22.5 75 -5 1.0 -1.8
ROBO Robo Global Robotics & Automation 19.3 95 -25 3.8 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index 18.8 70 0 6.8 +4.0
BOTZ Global X Robotics & Artificial Intelligence Thematic 18.6 68 2 3.7 +0.9
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 16.4 65 5 2.6 -0.2
XKST SPDR Kensho Smart Mobility 16.2 45 25 6.3 +3.5
EKAR Innovation Shares NextGen Vehicles & Technology 16.1 95 -25 7.1 +4.3
GMAN Goldman Sachs Motif Manufacturing Revolution 16.0 50 20 4.7 +2.0
IFLY ETFMG Drone Economy Strategy 11.2 75 -5 0.5 -2.3
IRBO iShares Robotics and Artificial Intelligence 11.0 47 23 2.5 -0.3
XTH SPDR S&P Technology Hardware 10.9 35 35 5.6 +2.9
ARKW ARK Web x.O 10.3 75 -5 -0.9 -3.7
AIQ Global X Future Analytics Tech 10.0 68 2 4.6 +1.8
SMH VanEck Vectors Semiconductors 9.7 35 35 6.3 +3.5
QTUM Defiance Quantum 9.6 40 30 6.4 +3.7
DRIV Global X Autonomous & Electric Vehicles 9.5 68 2 7.7 +5.0
ESPO VanEck Vectors Video Gaming & eSports 9.2 55 15 3.5 +0.8
GDAT Goldman Sachs Motif Data-Driven World 9.2 50 20 5.7 +2.9
SOXX iShares PHLX SOX Semiconductor 9.2 46 24 6.0 +3.3
QTEC First Trust NASDAQ 100 Tech 8.8 57 13 6.1 +3.3

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%.

Content on this tab for subscribers only**

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:
Innovator Loup Frontier Tech
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 9.3 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.