ETF Research Center

2nd Vote Life Neutral Plus ETF

ALTAR
Score™

0.0%

Recommen-
dation

AVOID

2023E 2024E
P/E ratio	0.0x	P/Sales ratio	0.0x
P/BV ratio	0.0x	Div. yield	0.0%

Description
Performance
Comps
Fundamentals
Valuation
Rating

LYFE is an actively managed fund that invest in large and midcap US companies perceived to meet pro-life social criteria.

FUND BASICS
Category	US Equities
Fund Sponsor	2nd Vote Value Investments, Inc
Website	www.2ndvotefunds.com
Inception date	Nov 18, 2020
Assets (mns)	$0
Currency	USD
Expense ratio	75 bp
Distributions

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Proprietary
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	30
Wgt avg mkt cap (mns)	$123,889
Large cap (>$10bn)	88.5%
Mid cap ($2-10bn)	8.2%
Small cap (<$2bn)	0.0%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	44.2 %
LAM RESEARCH CORP	5.5 %
BROADCOM INC.	5.2 %
FORTINET INC	4.9 %
SERVICENOW INC	4.9 %
CHIPOTLE MEXICAN GRILL-CL A	4.3 %
LOWE'S COS INC	4.2 %
REGENERON PHARMACEUTICALS	4.1 %
XYLEM INC	4.0 %
BERKSHIRE HATHAWAY INC-CL B	3.7 %
DIAMONDBACK ENERGY INC	3.6 %

TOP COUNTRY EXPOSURE
	UNITED STATES	93.7 %
	NETHERLANDS	3.5 %
	BRITAIN	2.0 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru August 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
15.8%	16.8%	--	--	11.5%

Market Correlations
versus...	Beta	R-squared
S&P500	0.92	89%
MSCI EAFE	0.86	68%
MSCI Emg. Mkts.	0.48	24%

Technical Indicators
Recent close	$0.00
30d moving avg.	$0.00
Annualized volatility	17.3%
Short interest (ETF)	0.0%
Short interest (Underlying)	3.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.)	1
Turnover	0.2%
Bid/Ask (% of price)	0.15%
ADV underlying (mns)	$13,033

Distributions

There were no matches found with other funds under coverage.

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RESULTS & ESTIMATES

	2018	2019	2020	2021	2022	2023E	2024E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2022	2023E	2024E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	2nd Vote Life Neutral Plus 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	22.5	%
Divided by: Fwd. P/BV	0.0	x
Less: Expense ratio	75	bp
Equals: ALTAR Score	0.0	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.47	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.