TrueMark Technology, AI & Deep Learning ETF
ALTAR
Score™
0.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
255.6x P/Sales
ratio
16.0x
P/BV
ratio
24.9x Div.
yield
0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
LRNZ is actively managed and invests in global equities focused on artificial intelligence and deep learning.

FUND BASICS
Category Global Equities
Fund Sponsor TrueMark Investments, LLC
Website www.true-shares.com
Inception date Feb 28, 2020
Assets (mns) $20
Currency USD
Expense ratio 68 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 22
Wgt avg mkt cap (mns) $179,782
Large cap (>$10bn) 72.0%
Mid cap ($2-10bn) 24.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CROWDSTRIKE HOLDINGS, INC. CLASS A 6.2 %
ZSCALER, INC. 6.2 %
TWILIO, INC. CLASS A 5.9 %
UNITY SOFTWARE, INC. 5.8 %
DATADOG INC CLASS A 5.4 %
ANAPLAN, INC. 4.6 %
BERKELEY LIGHTS INC 4.6 %
ADVANCED MICRO DEVICES 4.6 %
OKTA, INC. CLASS A 4.4 %
NVIDIA CORP 4.2 %
Total 51.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.1 %










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.
64.4% -- -- -- 64.4%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $43.80
30d moving avg. $40.82
Annualized volatility 0.0%
Short interest (ETF) 0.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 7
Turnover 1.6%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $38,946

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the TrueMark Technology, AI & Deep Learning ETF ETF based on the alternatives' overlap in portfolio holdings with LRNZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: LRNZ Expense: 68 bp ALTAR Score™: 0.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH LRNZ
Ticker Fund
Name
Overlap1
vs LRNZ
(%)
Expense
ratio
(bp)
Savings
vs LRNZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs LRNZ
(%)
WUGI Esoterica NextG Economy ETF 25.1 75 -7 1.3 +1.2
TECB iShares US Tech Breakthrough Multisector ETF 21.4 40 28 3.8 +3.7
AIQ Global X Future Analytics Tech ETF 21.1 68 0 3.7 +3.7
BUG Global X Cybersecurity ETF 20.6 50 18 1.2 +1.1
ENTR Entrepreneur 30 Fund 20.4 49 19 1.0 +0.9
CLOU Global X Cloud Computing ETF 19.4 68 0 0.5 +0.4
SYG SPDR MFS Systematic Growth Equity ETF 19.3 60 8 4.0 +3.9
XNTK SPDR NYSE Technology ETF 19.0 35 33 3.2 +3.1
JKE iShares Morningstar Large-Cap Growth ETF 18.8 25 43 2.8 +2.7
PTF Invesco DWA Technology Momentum ETF 18.7 60 8 -0.8 -0.9
KOIN Innovation Shares NextGen Protocol ETF 18.7 95 -27 4.1 +4.0
PXQ Invesco Dynamic Networking ETF 18.4 63 5 3.1 +3.0
CIBR First Trust NASDAQ CEA Cybersecurity ETF 18.4 60 8 3.1 +3.0
IETC iShares Evolved U.S. Technology ETF 18.3 18 50 3.6 +3.5
IHAK iShares Cybersecurity & Tech ETF 17.8 47 21 3.7 +3.6
IGM iShares Expanded Tech Sector ETF 17.2 46 22 3.5 +3.4
IYW iShares U.S. Technology ETF 17.0 43 25 3.6 +3.6
FXL First Trust Technology AlphaDEX Fund 16.8 61 7 3.6 +3.5
MTUM iShares MSCI USA Momentum Factor ETF 16.5 15 53 4.0 +3.9
IPO Renaissance IPO ETF 16.3 60 8 1.3 +1.3
OGIG O'Shares Global Internet Giants ETF 15.6 48 20 0.7 +0.6
SKYY First Trust Cloud Computing ETF 15.1 60 8 2.0 +1.9
LCG Sterling Capital Focus Equity ETF 14.9 59 9 2.4 +2.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 14.9 75 -7 2.3 +2.2
WFH Direxion Work From Home ETF 14.7 45 23 5.1 +5.0
MGK Vanguard Mega Cap Growth ETF 14.6 7 61 3.8 +3.7
SCHG Schwab U.S. Large-Cap Growth ETF 14.5 4 64 3.3 +3.2
JHMT John Hancock Multifactor Technology ETF 14.4 40 28 4.3 +4.2
TMFC Motley Fool 100 Index ETF 14.3 50 18 3.2 +3.1
GVIP Goldman Sachs Hedge Industry VIP ETF 14.0 45 23 3.4 +3.3
FDMO Fidelity Momentum Factor ETF 13.9 29 39 3.1 +3.1
IWY iShares Russell Top 200 Growth ETF 13.9 20 48 3.7 +3.6
VUG Vanguard Growth Index Fund 13.6 4 64 3.7 +3.6
VOOG Vanguard S&P 500 Growth ETF 13.6 10 58 4.1 +4.0
SPMO Invesco S&P 500 Momentum ETF 13.4 13 55 3.9 +3.8
IWF iShares Russell 1000 Growth ETF 13.4 19 49 3.6 +3.5
MMLG First Trust Multi-Manager Large Growth ETF 13.3 85 -17 2.0 +1.9
HIPR Direxion High Growth ETF 13.3 40 28 4.3 +4.2
SPYG SPDR Portfolio S&P 500 Growth ETF 13.3 4 64 4.1 +4.0
IVW iShares S&P 500 Growth ETF 13.3 18 50 4.0 +3.9
AIEQ AI Powered Equity ETF 13.3 87 -19 1.9 +1.8
QYLD Global X NASDAQ 100 Covered Call ETF 13.2 60 8 3.3 +3.2
VONG Vanguard Russell 1000 Growth Index Fund 13.2 8 60 3.7 +3.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 13.1 60 8 3.3 +3.2
THNQ ROBO Global Artificial Intelligence ETF 13.1 68 0 1.5 +1.4
NUSI Nationwide Risk-Managed Income ETF 13.1 68 0 3.5 +3.4
QQQM Invesco NASDAQ 100 ETF 13.1 15 53 3.7 +3.6
QQQ Invesco QQQ Trust 13.1 20 48 3.7 +3.6
IUSG iShares Core S&P US Growth ETF 12.9 4 64 4.1 +4.1
XLG Invesco S&P 500 Top 50 ETF 12.7 20 48 4.2 +4.2
XLK Technology Select Sector SPDR Fund 12.4 13 55 4.5 +4.4
FDG American Century Focused Dynamic Growth ETF 12.4 45 23 1.5 +1.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 12.4 21 47 2.8 +2.7
MMTM SPDR S&P 1500 Momentum Tilt ETF 12.3 12 56 4.1 +4.0
XITK SPDR FactSet Innovative Technology ETF 12.3 45 23 0.4 +0.4
VEGN US Vegan Climate ETF 12.2 60 8 4.7 +4.6
FDN First Trust Dow Jones Internet Index Fund 12.2 52 16 1.8 +1.7
LRGE ClearBridge Large Cap Growth ESG ETF 12.2 59 9 3.5 +3.4
FTEC Fidelity MSCI Information Technology Index ETF 12.2 8 60 4.2 +4.1
ESG FlexShares STOXX US ESG Impact Index Fund 12.1 32 36 4.7 +4.6
ESGV Vanguard ESG U.S. Stock ETF 12.0 12 56 4.7 +4.6
VGT Vanguard Information Technology Index Fund 12.0 10 58 4.2 +4.1
SMH VanEck Vectors Semiconductor ETF 12.0 35 33 4.8 +4.7
WOMN Impact Shares YWCA Women's Empowerment ETF 12.0 75 -7 3.7 +3.7
NULG Nuveen ESG Large-Cap Growth ETF 12.0 35 33 3.5 +3.4
USXF iShares ESG Advanced MSCI USA ETF 11.9 10 58 4.6 +4.5
IQSU IQ Candriam ESG US Equity ETF 11.9 9 59 4.7 +4.6
SFYF SoFi 50 ETF 11.8 29 39 1.0 +0.9
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 11.8 99 -31 1.4 +1.3
IGV iShares Expanded Tech-Software ETF 11.8 46 22 2.2 +2.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 11.7 57 11 4.5 +4.4
SFY SoFi Select 500 ETF 11.7 0 68 4.7 +4.6
OEF iShares S&P 100 ETF 11.5 20 48 4.5 +4.4
FTXL First Trust Nasdaq Semiconductor ETF 11.5 60 8 3.9 +3.8
PNQI Invesco NASDAQ Internet ETF 11.5 60 8 1.1 +1.1
ADME Aptus Drawdown Managed Equity ETF 11.5 79 -11 3.4 +3.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.4 75 -7 3.9 +3.8
EFIV SPDR S&P 500 ESG ETF 11.3 10 58 4.7 +4.6
SNPE Xtrackers S&P 500 ESG ETF 11.3 10 58 4.7 +4.6
NACP Impact Shares NAACP Minority Empowerment ETF 11.2 75 -7 4.5 +4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 11.2 0 68 4.7 +4.7
SPXN ProShares S&P 500 Ex-Financials ETF 11.1 27 41 4.6 +4.5
SPXV ProShares S&P 500 Ex-Health Care ETF 11.1 27 41 4.6 +4.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.1 49 19 3.9 +3.8
IWL iShares Russell Top 200 ETF 11.1 15 53 4.6 +4.5
SOXX iShares PHLX Semiconductor ETF 11.1 46 22 4.9 +4.8
SYE SPDR MFS Systematic Core Equity ETF 11.0 60 8 5.3 +5.3
ESGU iShares MSCI USA ESG Optimized ETF 11.0 15 53 4.6 +4.6
CACG ClearBridge All Cap Growth ETF 10.9 54 14 4.0 +3.9
MGC Vanguard Mega Cap Index Fund 10.9 7 61 4.8 +4.7
PWB Invesco Dynamic Large Cap Growth ETF 10.7 56 12 3.2 +3.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 10.6 20 48 4.6 +4.5
PBP Invesco S&P 500 BuyWrite ETF 10.6 49 19 4.6 +4.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 10.6 7 61 4.8 +4.7
FMK First Trust Mega Cap AlphaDEX Fund 10.6 70 -2 4.7 +4.6
HSPX Global X S&P 500 Covered Call ETF 10.6 60 8 4.6 +4.5
SPXE ProShares S&P 500 Ex-Energy ETF 10.5 27 41 4.9 +4.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 10.5 20 48 4.9 +4.8
DSI iShares MSCI KLD 400 Social ETF 10.5 25 43 4.7 +4.6

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:
TrueMark Technology, AI & Deep Learning ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.0 %
Divided by: Fwd. P/BV 22.4 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 0.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.48
 
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.