ClearBridge Large Cap Growth ESG ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
36.3x P/Sales
ratio
3.7x
P/BV
ratio
6.3x Div.
yield
0.7%


  • 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) $130
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 43
Wgt avg mkt cap (mns) $528,737
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 8.8 %
APPLE INC 5.3 %
FACEBOOK 5.3 %
MICROSOFT CORP 4.7 %
VISA INC-CLASS A SHARES 4.3 %
UNITEDHEALTH GROUP INC 3.5 %
QUALCOMM INC 3.2 %
THERMO FISHER SCIENTIFIC INC 3.2 %
SALESFORCE.COM INC 2.9 %
ADOBE SYSTEMS INC 2.8 %
Total 44.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 87.1 %
BRITAIN 3.1 %
NETHERLANDS 2.6 %
IRELAND 1.4 %







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.
31.9% 31.9% -- -- 22.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 94%
MSCI EAFE 0.92 77%
MSCI Emg. Mkts. 0.71 58%

Technical Indicators
Recent close $49.16
30d moving avg. $49.49
Annualized volatility 19.7%
Short interest (ETF) 0.7%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 11
Turnover 0.4%
Bid/Ask (% of price) 0.42%
ADV underlying (mns) $70,907

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 3.4%


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 55.2 54 5 3.8 +0.5
TMFC Motley Fool 100 Index ETF 40.3 50 9 3.2 -0.2
IWY iShares Russell Top 200 Growth ETF 39.1 20 39 3.7 +0.4
SPMO Invesco S&P 500 Momentum ETF 38.5 13 46 4.0 +0.6
XLG Invesco S&P 500 Top 50 ETF 38.2 20 39 4.2 +0.8
MGK Vanguard Mega Cap Growth ETF 38.1 7 52 3.8 +0.4
IGM iShares Expanded Tech Sector ETF 36.9 46 13 3.4 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 36.8 4 55 3.3 -0.1
TECB iShares US Tech Breakthrough Multisector ETF 36.8 40 19 3.6 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 35.7 60 -1 3.2 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 35.6 4 55 3.8 +0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 35.6 60 -1 3.2 -0.2
IVW iShares S&P 500 Growth ETF 35.6 18 41 3.7 +0.3
OEF iShares S&P 100 ETF 35.6 20 39 4.3 +0.9
QQQM Invesco NASDAQ 100 ETF 35.5 15 44 3.7 +0.3
QQQ Invesco QQQ Trust 35.5 20 39 3.6 +0.3
NUSI Nationwide Risk-Managed Income ETF 35.2 68 -9 3.1 -0.3
HIPR Direxion High Growth ETF 35.1 40 19 4.0 +0.6
VOOG Vanguard S&P 500 Growth ETF 35.0 10 49 4.1 +0.7
ESGV Vanguard ESG U.S. Stock ETF 34.6 12 47 4.6 +1.2
IWF iShares Russell 1000 Growth ETF 34.5 19 40 3.6 +0.2
IETC iShares Evolved U.S. Technology ETF 34.2 18 41 3.6 +0.2
IUSG iShares Core S&P US Growth ETF 34.0 4 55 3.8 +0.4
VONG Vanguard Russell 1000 Growth Index Fund 33.9 8 51 3.7 +0.3
JKE iShares Morningstar Large-Cap Growth ETF 33.3 25 34 2.3 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.1 12 47 4.1 +0.8
VUG Vanguard Growth Index Fund 32.8 4 55 3.6 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 32.5 75 -16 3.6 +0.3
EFIV SPDR S&P 500 ESG ETF 32.4 10 49 4.7 +1.3
SNPE Xtrackers S&P 500 ESG ETF 32.3 10 49 4.7 +1.3
SPQQ Siren Large Cap Blend Index ETF 32.1 20 39 4.3 +0.9
ADME Aptus Drawdown Managed Equity ETF 31.9 79 -20 3.2 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 31.8 32 27 4.6 +1.2
IWL iShares Russell Top 200 ETF 31.5 15 44 4.5 +1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.4 60 -1 3.7 +0.3
BKLC BNY Mellon US Large Cap Core Equity ETF 31.3 0 59 4.6 +1.2
MGC Vanguard Mega Cap Index Fund 31.2 7 52 4.7 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 30.7 27 32 4.5 +1.1
MTUM iShares MSCI USA Momentum Factor ETF 30.6 15 44 2.3 -1.1
NACP Impact Shares NAACP Minority Empowerment ETF 30.4 49 10 4.8 +1.4
JCTR JPMorgan Carbon Transition U.S. Equity ETF 30.1 15 44 4.7 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 29.8 20 39 4.7 +1.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 29.5 21 38 3.0 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 29.4 12 47 5.0 +1.6
ACIO Aptus Collared Income Opportunity ETF 29.4 79 -20 3.9 +0.5
SYG SPDR MFS Systematic Growth Equity ETF 29.0 60 -1 3.6 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.8 20 39 4.9 +1.5
MMLG First Trust Multi-Manager Large Growth ETF 28.6 85 -26 1.9 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 28.6 27 32 4.7 +1.3
PBP Invesco S&P 500 BuyWrite ETF 28.5 49 10 4.4 +1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 28.4 60 -1 4.4 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 28.3 15 44 4.5 +1.1
PWB Invesco Dynamic Large Cap Growth ETF 28.2 56 3 2.2 -1.2
VOO VANGUARD S&P 500 ETF 28.2 3 56 4.9 +1.5
SPY SPDR S&P 500 ETF Trust 28.1 9 50 4.8 +1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 28.1 27 32 4.4 +1.0
SPLG SPDR Portfolio Large Cap ETF 28.1 3 56 4.8 +1.5
IVV iShares Core S&P 500 ETF 28.1 3 56 4.8 +1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 28.0 7 52 4.6 +1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.0 15 44 5.8 +2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.6 2 57 4.7 +1.3
VV Vanguard Large-Cap Index Fund 27.4 4 55 4.7 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 27.3 29 30 4.7 +1.3
PBUS Invesco PureBeta MSCI USA ETF 27.2 4 55 4.7 +1.3
YLDE ClearBridge Dividend Strategy ESG ETF 27.1 60 -1 4.5 +1.1
DIA SPDR Dow Jones Industrial Average ETF Trust 26.8 16 43 5.0 +1.6
SCHX Schwab U.S. Large-Cap ETF 26.8 3 56 4.6 +1.3
VEGN US Vegan Climate ETF 26.7 60 -1 4.1 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 26.6 49 10 3.5 +0.2
STLG iShares Factors US Growth Style ETF 26.4 25 34 4.0 +0.7
SPTM SPDR Portfolio Total Stock Market ETF 26.4 3 56 4.9 +1.5
XLK Technology Select Sector SPDR Fund 26.3 13 46 4.4 +1.0
IYW iShares U.S. Technology ETF 26.2 43 16 3.6 +0.2
SFY SoFi Select 500 ETF 26.2 0 59 4.6 +1.3
SCHK Schwab 1000 Index ETF 26.1 5 54 4.7 +1.3
IWB iShares Russell 1000 ETF 26.1 15 44 4.6 +1.2
QUAL iShares MSCI Usa Quality Factor ETF 26.0 15 44 5.1 +1.7
IYY iShares Dow Jones U.S. ETF 26.0 20 39 4.5 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.9 9 50 4.9 +1.5
SPHQ Invesco S&P 500 Quality ETF 25.8 15 44 4.5 +1.1
FVAL Fidelity Value Factor ETF 25.7 29 30 6.9 +3.6
SFYF SoFi 50 ETF 25.7 29 30 0.8 -2.6
FDMO Fidelity Momentum Factor ETF 25.7 29 30 2.5 -0.9
ECOZ TrueMark ESG Active Opportunities ETF 25.6 58 1 3.1 -0.3
FTEC Fidelity MSCI Information Technology Index ETF 25.6 8 51 4.1 +0.7
IQSU IQ Candriam ESG US Equity ETF 25.4 9 50 4.6 +1.2
VTHR Vanguard Russell 3000 Index Fund 25.3 10 49 4.5 +1.1
VGT Vanguard Information Technology Index Fund 25.2 10 49 4.1 +0.7
EDOW First Trust Dow 30 Equal Weight ETF 24.9 50 9 5.2 +1.8
SUSA iShares MSCI USA ESG Select ETF 24.8 25 34 4.3 +0.9
IWV iShares Russell 3000 ETF 24.7 20 39 4.4 +1.0
SCHB Schwab U.S. Broad Market ETF 24.7 3 56 4.5 +1.2
FMK First Trust Mega Cap AlphaDEX Fund 24.6 70 -11 5.0 +1.6
QLC FlexShares US Quality Large Cap Index Fund 24.6 32 27 4.5 +1.1
VNSE Natixis Vaughan Nelson Select ETF 24.6 85 -26 2.7 -0.7
FQAL Fidelity Quality Factor ETF 24.5 29 30 5.1 +1.7
RESP WisdomTree US ESG Fund of Benef Interest 24.5 28 31 5.2 +1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 24.5 3 56 4.5 +1.1

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:
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 21.6 %
Divided by: Fwd. P/BV 5.4 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
1.35 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.