ClearBridge Large Cap Growth ESG
ALTAR
Score™
4.3% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
25.9x P/Sales
ratio
2.9x
P/BV
ratio
5.1x Div.
yield
1.0%


  • 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) $190
Currency USD
Expense ratio 60 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 45
Wgt avg mkt cap (mns) $330,934
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 6.7 %
MICROSOFT CORP 5.5 %
FACEBOOK 5.1 %
VISA INC-CLASS A SHARES 4.4 %
APPLE INC 3.7 %
ALPHABET INC. CLASS C 3.3 %
WALT DISNEY CO/THE 3.3 %
UNITEDHEALTH GROUP INC 3.2 %
THERMO FISHER SCIENTIFIC INC 2.8 %
UNITED PARCEL SERVICE-CL B 2.7 %
Total 40.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
BRITAIN 4.2 %









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.
24.2% 15.4% -- -- 16.3%

Market Correlations
versus... Beta R-squared
S&P500 1.08 95%
MSCI EAFE 1.08 75%
MSCI Emg. Mkts. 0.75 59%

Technical Indicators
Recent close $36.93
30d moving avg. $35.80
Annualized volatility 14.6%
Short interest (ETF) 0.6%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $37,018

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the ClearBridge Large Cap Growth ESG 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: 60 bp ALTAR Score™: 4.3%


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 60.2 53 7 4.7 +0.4
TMFC Motley Fool 100 Index 44.7 50 10 4.3 +0.1
MGK Vanguard Mega Cap 300 Growth 43.7 7 53 5.0 +0.7
IWY iShares Russell Top 200 Growth 43.6 20 40 5.0 +0.7
XLG Invesco S&P Top 50 40.9 20 40 5.1 +0.8
IGM iShares S&P N. American Technology 40.3 46 14 4.5 +0.2
VUG Vanguard Growth ETF 39.4 4 56 4.8 +0.5
IETC iShares Evolved U.S. Technology 39.3 18 42 4.8 +0.5
JKE iShares Morningstar Large Cap Growth 39.1 25 35 4.0 -0.3
SCHG Schwab U.S. Large-Cap Growth 38.6 4 56 4.9 +0.6
IWF iShares Russell 1000 Growth 38.2 19 41 4.9 +0.6
OEF iShares S&P 100 38.0 20 40 5.5 +1.2
VONG Vanguard Russell 1000 Growth 38.0 12 48 5.0 +0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index 37.4 12 48 5.7 +1.4
QYLD Global X NASDAQ 100 Covered Call ETF 36.4 60 0 4.9 +0.6
QQQ Invesco QQQ 35.8 20 40 5.2 +0.9
NACP Impact Shares NAACP Minority Empowerment 35.8 75 -15 5.6 +1.3
OQAL Invesco Russell 1000 Quality Factor ETF 35.6 19 41 5.2 +1.0
XOUT GraniteShares XOUT US Large Cap 35.2 60 0 5.1 +0.8
IWL iShares Russell Top 200 35.1 15 45 5.7 +1.4

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

  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:
ClearBridge Large Cap Growth ESG
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 21.5 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.