ClearBridge Large Cap Growth ESG ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.8x P/Sales
ratio
3.1x
P/BV
ratio
5.5x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ClearBridge Large Cap Growth ESG ETF is an actively managed fund that seeks long-term capital appreciation. The fund focuses on global large-cap stocks with positive ESG attributes.


FUND BASICS
Category US Equities
Fund Sponsor Legg Mason
Website www.leggmason.com
Inception date May 22, 2017
Assets (mns) $108
Currency USD
Expense ratio 59 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 42
Wgt avg mkt cap (mns) $457,479
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 9.7 %
MICROSOFT CORP 6.1 %
FACEBOOK 5.9 %
APPLE INC 5.0 %
VISA INC-CLASS A SHARES 4.1 %
UNITEDHEALTH GROUP INC 3.3 %
ADOBE SYSTEMS INC 3.2 %
ALPHABET INC. CLASS C 3.2 %
THERMO FISHER SCIENTIFIC INC 3.1 %
SALESFORCE.COM INC 2.6 %
Total 46.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
BRITAIN 2.1 %
IRELAND 0.9 %
SWITZERLAND 0.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
7.3% 17.6% -- -- 17.9%

Market Correlations
versus... Beta R-squared
S&P500 1.00 94%
MSCI EAFE 0.97 77%
MSCI Emg. Mkts. 0.68 60%

Technical Indicators
Recent close $42.42
30d moving avg. $40.44
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.9%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $80,277

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ClearBridge Large Cap Growth ESG ETF ETF based on the alternatives' overlap in portfolio holdings with LRGE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LRGE Expense: 59 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LRGE
Ticker Fund
Name
Overlap1
vs LRGE
(%)
Expense
ratio
(bp)
Savings
vs LRGE
(bp)
ALTAR
Score™
(%)
ALTAR
vs LRGE
(%)
CACG ClearBridge All Cap Growth ETF 61.0 54 5 4.3 +0.6
TMFC Motley Fool 100 Index ETF 45.4 50 9 3.6 -0.1
MGK Vanguard Mega Cap Growth ETF 44.7 7 52 4.0 +0.3
IWY iShares Russell Top 200 Growth ETF 44.2 20 39 4.0 +0.3
IGM iShares Expanded Tech Sector ETF 43.5 46 13 3.7 -0.1
XLG Invesco S&P 500 Top 50 ETF 43.4 20 39 4.4 +0.7
QYLD Global X NASDAQ 100 Covered Call ETF 41.2 60 -1 3.5 -0.3
NUSI Nationwide Risk-Managed Income ETF 41.2 68 -9 3.4 -0.4
OEF iShares S&P 100 ETF 41.2 20 39 4.8 +1.0
IETC iShares Evolved U.S. Technology ETF 40.9 18 41 3.7 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 40.5 12 47 4.8 +1.0
VUG Vanguard Growth Index Fund 40.5 4 55 4.0 +0.2
QQQ Invesco QQQ Trust 40.2 20 39 3.7 -0.0
IWF iShares Russell 1000 Growth ETF 40.2 19 40 4.1 +0.3
SCHG Schwab U.S. Large-Cap Growth ETF 40.0 4 55 4.0 +0.3
VOOG Vanguard S&P 500 Growth ETF 39.9 10 49 4.2 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 39.8 4 55 4.3 +0.5
IVW iShares S&P 500 Growth ETF 39.8 18 41 4.1 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 39.5 8 51 4.2 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 38.7 25 34 2.8 -1.0
IUSG iShares Core S&P US Growth ETF 38.3 4 55 4.3 +0.5
SNPE Xtrackers S&P 500 ESG ETF 37.8 11 48 5.1 +1.3
TECB iShares US Tech Breakthrough Multisector ETF 36.9 40 19 3.9 +0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 36.6 21 38 2.9 -0.9
IWL iShares Russell Top 200 ETF 36.2 15 44 5.0 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 36.0 75 -16 4.5 +0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 35.9 60 -1 4.3 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 35.5 75 -16 4.5 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 35.4 0 59 5.2 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 35.3 32 27 5.1 +1.3
MGC Vanguard Mega Cap Index Fund 35.2 7 52 5.2 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 35.2 27 32 5.0 +1.2
ADME Aptus Drawdown Managed Equity ETF 35.1 81 -22 3.5 -0.2
VEGN US Vegan Climate ETF 35.0 60 -1 5.2 +1.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 34.6 15 44 4.0 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.5 20 39 4.9 +1.2
ACIO Aptus Collared Income Opportunity ETF 34.1 79 -20 4.4 +0.6
IQSU IQ Candriam ESG US Equity ETF 33.6 9 50 5.0 +1.3
SPXV ProShares S&P 500 Ex-Health Care ETF 33.4 27 32 5.0 +1.3
SPXE ProShares S&P 500 Ex-Energy ETF 33.2 27 32 5.3 +1.6
PBP Invesco S&P 500 BuyWrite ETF 33.2 49 10 5.0 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 33.1 20 39 5.4 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.9 12 47 4.9 +1.1
SPY SPDR S&P 500 ETF Trust 32.7 9 50 5.4 +1.6
SPLG SPDR Portfolio Large Cap ETF 32.7 3 56 5.4 +1.7
HSPX Global X S&P 500 Covered Call ETF 32.7 65 -6 4.9 +1.1
IVV iShares Core S&P 500 ETF 32.7 4 55 5.4 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 32.6 15 44 5.1 +1.4
VOO VANGUARD S&P 500 ETF 32.6 3 56 5.4 +1.7
HIPR Direxion High Growth ETF 32.6 40 19 2.8 -1.0
ESGV Vanguard ESG U.S. Stock ETF 32.5 12 47 5.2 +1.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.5 7 52 5.2 +1.5
VV Vanguard Large-Cap Index Fund 32.1 4 55 5.3 +1.5
SFYF SoFi 50 ETF 31.9 29 30 5.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.8 2 57 5.3 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 31.7 29 30 5.2 +1.5
PBUS Invesco PureBeta MSCI USA ETF 31.3 4 55 5.3 +1.5
SCHX Schwab U.S. Large-Cap ETF 30.9 3 56 5.3 +1.6
SYG SPDR MFS Systematic Growth Equity ETF 30.9 60 -1 4.2 +0.5
SPTM SPDR Portfolio Total Stock Market ETF 30.7 3 56 5.5 +1.8
IYW iShares U.S. Technology ETF 30.5 42 17 3.9 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 30.3 49 10 4.1 +0.3
VONE Vanguard Russell 1000 ETF 30.3 8 51 5.3 +1.5
SCHK Schwab 1000 Index ETF 30.2 5 54 5.3 +1.5
IWB iShares Russell 1000 ETF 30.1 15 44 5.2 +1.5
GVIP Goldman Sachs Hedge Industry VIP ETF 30.0 45 14 4.6 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 30.0 55 4 3.3 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.0 15 44 6.2 +2.5
SFY SoFi Select 500 ETF 29.9 0 59 5.2 +1.5
IYY iShares Dow Jones U.S. ETF 29.9 20 39 5.2 +1.4
ECOZ TrueMark ESG Active Opportunities ETF 29.6 58 1 4.3 +0.5
SPMO Invesco S&P 500 Momentum ETF 29.0 13 46 4.3 +0.6
VTHR Vanguard Russell 3000 Index Fund 28.9 10 49 5.2 +1.4
SCHB Schwab U.S. Broad Market ETF 28.9 3 56 5.3 +1.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.9 9 50 5.5 +1.8
IWV iShares Russell 3000 ETF 28.8 20 39 5.1 +1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.7 3 56 5.2 +1.4
VTI Vanguard Total Stock Market Index Fund 28.6 3 56 5.2 +1.4
SPHQ Invesco S&P 500 Quality ETF 28.6 15 44 4.6 +0.9
JOYY Infusive Compounding Global Equities ETF 28.4 50 9 3.7 -0.0
STLG iShares Factors US Growth Style ETF 28.1 25 34 3.6 -0.1
QUAL iShares MSCI Usa Quality Factor ETF 28.1 15 44 5.4 +1.7
SUSA iShares MSCI USA ESG Select ETF 28.0 25 34 4.8 +1.1
YLDE ClearBridge Dividend Strategy ESG ETF 27.7 60 -1 5.1 +1.3
DSI iShares MSCI KLD 400 Social ETF 27.5 25 34 5.1 +1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 27.4 42 17 5.4 +1.7
XLK Technology Select Sector SPDR Fund 27.2 13 46 4.6 +0.9
FDMO Fidelity Momentum Factor ETF 27.0 29 30 3.8 +0.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 26.8 28 31 6.5 +2.8
FTEC Fidelity MSCI Information Technology Index ETF 26.5 8 51 4.5 +0.7
FQAL Fidelity Quality Factor ETF 26.5 29 30 5.5 +1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 26.5 19 40 5.7 +2.0
VGT Vanguard Information Technology Index Fund 26.2 10 49 4.4 +0.7
PNQI Invesco NASDAQ Internet ETF 26.2 62 -3 1.0 -2.8
EXT WisdomTree U.S. Total Earnings Fund 25.9 28 31 5.2 +1.5
IOO iShares Global 100 ETF 25.5 40 19 4.7 +0.9
QLC FlexShares US Quality Large Cap Index Fund 25.4 32 27 5.4 +1.7
XNTK SPDR NYSE Technology ETF 25.3 35 24 3.5 -0.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.3 75 -16 3.7 -0.0
FDRR Fidelity Dividend ETF for Rising Rates 25.2 29 30 7.1 +3.4

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:
ClearBridge Large Cap Growth ESG 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 21.8 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 CATEGORY
AVERAGE
1.52
 
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.