TrueMark Technology, AI & Deep Learning ETF
ALTAR
Score™
0.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
117.6x P/Sales
ratio
10.2x
P/BV
ratio
13.7x Div.
yield
0.2%


  • 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) $3
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 21
Wgt avg mkt cap (mns) $198,063
Large cap (>$10bn) 75.6%
Mid cap ($2-10bn) 24.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZSCALER, INC. 6.9 %
TWILIO, INC. CLASS A 6.2 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 5.5 %
OKTA, INC. CLASS A 5.1 %
PAGERDUTY, INC. 4.9 %
NVIDIA CORP 4.7 %
AMAZON.COM INC 4.6 %
ELASTIC NV 4.0 %
MICROSOFT CORP 4.0 %
SERVICENOW INC 3.9 %
Total 49.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.8 %










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.
45.6% -- -- -- 45.6%

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

Technical Indicators
Recent close $34.44
30d moving avg. $32.35
Annualized volatility 0.0%
Short interest (ETF) 0.5%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 11
Turnover 11.0%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $40,826

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 0.8%


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
(%)
TECB iShares US Tech Breakthrough Multisector ETF 25.3 40 28 4.0 +3.2
AIQ Global X Future Analytics Tech ETF 24.5 68 0 3.9 +3.1
KOIN Innovation Shares NextGen Protocol ETF 24.1 95 -27 4.4 +3.6
PTF Invesco DWA Technology Momentum ETF 23.8 60 8 1.2 +0.4
CLOU Global X Cloud Computing ETF 21.7 68 0 0.6 -0.2
XNTK SPDR NYSE Technology ETF 21.7 35 33 3.7 +2.9
IGM iShares Expanded Tech Sector ETF 21.4 46 22 3.8 +3.0
BUG Global X Cybersecurity ETF 21.0 50 18 1.2 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 20.7 25 43 2.9 +2.1
IETC iShares Evolved U.S. Technology ETF 20.5 18 50 3.8 +3.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 20.3 15 53 4.2 +3.4
IYW iShares U.S. Technology ETF 19.7 42 26 4.0 +3.2
SYG SPDR MFS Systematic Growth Equity ETF 19.5 60 8 4.3 +3.5
OGIG O'Shares Global Internet Giants ETF 19.5 48 20 0.7 -0.1
QYLD Global X NASDAQ 100 Covered Call ETF 17.7 60 8 3.5 +2.7
NUSI Nationwide Risk-Managed Income ETF 17.7 68 0 3.5 +2.6
GDAT Goldman Sachs Motif Data-Driven World Etf 17.6 50 18 5.0 +4.2
QQQ Invesco QQQ Trust 17.5 20 48 3.9 +3.1
JHMT John Hancock Multifactor Technology ETF 17.2 40 28 5.0 +4.2
SKYY First Trust Cloud Computing ETF 17.1 60 8 2.2 +1.4
DRIV Global X Autonomous & Electric Vehicles ETF 16.9 68 0 5.6 +4.8
TMFC Motley Fool 100 Index ETF 16.8 50 18 3.8 +3.0
LRGE ClearBridge Large Cap Growth ESG ETF 16.6 59 9 3.8 +3.0
ESG FlexShares STOXX US ESG Impact Index Fund 16.2 32 36 5.1 +4.3
XLG Invesco S&P 500 Top 50 ETF 16.2 20 48 4.5 +3.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 16.0 21 47 3.0 +2.2
VOOG Vanguard S&P 500 Growth ETF 16.0 10 58 4.3 +3.5
IVW iShares S&P 500 Growth ETF 15.9 18 50 4.2 +3.4
SPYG SPDR Portfolio S&P 500 Growth ETF 15.9 4 64 4.4 +3.5
MGK Vanguard Mega Cap Growth ETF 15.7 7 61 4.2 +3.4
IUSG iShares Core S&P US Growth ETF 15.5 4 64 4.4 +3.6
VEGN US Vegan Climate ETF 15.5 60 8 5.2 +4.4
XLK Technology Select Sector SPDR Fund 15.4 13 55 4.8 +4.0
CIBR First Trust NASDAQ CEA Cybersecurity ETF 15.4 60 8 3.2 +2.4
IWY iShares Russell Top 200 Growth ETF 15.2 20 48 4.2 +3.3
VUG Vanguard Growth Index Fund 15.2 4 64 4.1 +3.3
IQSU IQ Candriam ESG US Equity ETF 15.2 9 59 5.1 +4.3
ENTR Entrepreneur 30 Fund 15.1 49 19 2.6 +1.7
ARKW ARK Web x.0 ETF 15.0 76 -8 -0.8 -1.7
OEF iShares S&P 100 ETF 14.9 20 48 4.8 +4.0
FTEC Fidelity MSCI Information Technology Index ETF 14.9 8 60 4.6 +3.8
SOXX iShares PHLX Semiconductor ETF 14.8 46 22 5.4 +4.6
IWF iShares Russell 1000 Growth ETF 14.8 19 49 4.2 +3.4
VONG Vanguard Russell 1000 Growth Index Fund 14.7 8 60 4.3 +3.5
SMH VanEck Vectors Semiconductor ETF 14.7 35 33 5.6 +4.7
VGT Vanguard Information Technology Index Fund 14.7 10 58 4.6 +3.8
IHAK iShares Cybersecurity & Tech ETF 14.7 47 21 3.7 +2.9
SCHG Schwab U.S. Large-Cap Growth ETF 14.7 4 64 4.2 +3.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 14.6 12 56 5.0 +4.2
CACG ClearBridge All Cap Growth ETF 14.5 54 14 4.4 +3.6
SNPE Xtrackers S&P 500 ESG ETF 14.4 11 57 5.2 +4.3
SFY SoFi Select 500 ETF 14.4 0 68 5.3 +4.5
NACP Impact Shares NAACP Minority Empowerment ETF 14.3 75 -7 4.6 +3.8
SPXV ProShares S&P 500 Ex-Health Care ETF 14.3 27 41 5.1 +4.2
RFFC RiverFront Dynamic US Flex-Cap ETF 14.3 52 16 4.7 +3.9
FXL First Trust Technology AlphaDEX Fund 14.2 61 7 3.2 +2.4
SPXN ProShares S&P 500 Ex-Financials ETF 14.1 27 41 5.0 +4.2
BKLC BNY Mellon US Large Cap Core Equity ETF 14.1 0 68 5.3 +4.5
FDG American Century Focused Dynamic Growth ETF 14.1 45 23 1.8 +1.0
THNQ ROBO Global Artificial Intelligence ETF 14.0 68 0 1.9 +1.1
ADME Aptus Drawdown Managed Equity ETF 14.0 81 -13 3.6 +2.8
IWL iShares Russell Top 200 ETF 14.0 15 53 5.1 +4.3
FDN First Trust Dow Jones Internet Index Fund 13.9 52 16 2.2 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 13.9 75 -7 3.8 +3.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 13.8 12 56 4.9 +4.0
MGC Vanguard Mega Cap Index Fund 13.7 7 61 5.3 +4.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 13.7 52 16 5.1 +4.3
ESGV Vanguard ESG U.S. Stock ETF 13.6 12 56 5.2 +4.4
ESGU iShares MSCI USA ESG Optimized ETF 13.6 15 53 5.2 +4.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 13.6 20 48 5.0 +4.2
IOO iShares Global 100 ETF 13.6 40 28 4.7 +3.9
SPXE ProShares S&P 500 Ex-Energy ETF 13.6 27 41 5.4 +4.6
WOMN Impact Shares YWCA Women's Empowerment ETF 13.5 75 -7 4.6 +3.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 13.5 20 48 5.4 +4.6
PBP Invesco S&P 500 BuyWrite ETF 13.5 49 19 5.0 +4.2
CATH Global X S&P 500 Catholic Values Custom ETF 13.5 29 39 5.3 +4.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 13.4 57 11 5.0 +4.1
SPY SPDR S&P 500 ETF Trust 13.4 9 59 5.4 +4.6
IXN iShares Global Tech ETF 13.4 46 22 4.5 +3.7
SPLG SPDR Portfolio Large Cap ETF 13.4 3 65 5.5 +4.7
IVV iShares Core S&P 500 ETF 13.4 4 64 5.5 +4.6
VOO VANGUARD S&P 500 ETF 13.3 3 65 5.5 +4.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 13.3 42 26 5.5 +4.7
HSPX Global X S&P 500 Covered Call ETF 13.3 65 3 4.9 +4.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 13.3 7 61 5.3 +4.5
SYE SPDR MFS Systematic Core Equity ETF 13.1 60 8 5.7 +4.9
VV Vanguard Large-Cap Index Fund 13.1 4 64 5.3 +4.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 13.1 2 66 5.4 +4.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 13.1 49 19 4.1 +3.3
PBUS Invesco PureBeta MSCI USA ETF 13.0 4 64 5.3 +4.5
PNQI Invesco NASDAQ Internet ETF 12.9 62 6 1.1 +0.3
SCHX Schwab U.S. Large-Cap ETF 12.9 3 65 5.3 +4.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.7 60 8 4.4 +3.6
SPTM SPDR Portfolio Total Stock Market ETF 12.6 3 65 5.6 +4.8
IWB iShares Russell 1000 ETF 12.6 15 53 5.2 +4.4
SCHK Schwab 1000 Index ETF 12.6 5 63 5.3 +4.5
XITK SPDR FactSet Innovative Technology ETF 12.6 45 23 0.3 -0.5
VONE Vanguard Russell 1000 ETF 12.6 8 60 5.3 +4.5
IGV iShares North American Tech-Software ETF 12.6 46 22 2.4 +1.6
IYY iShares Dow Jones U.S. ETF 12.5 20 48 5.2 +4.4

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:
TrueMark Technology, AI & Deep Learning 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 19.0 %
Divided by: Fwd. P/BV 12.7 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 0.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.50
 
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.