The Long-Term Care ETF
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.5x P/Sales
ratio
2.1x
P/BV
ratio
1.6x Div.
yield
5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Long-Term Care ETF tracks a market-cap-weighted index of global companies focused on senior living facilities/housing, nursing services, hospitals for the elderly, biotech for age-related illnesses, or related products/services.

FUND BASICS
Category Global Equities
Fund Sponsor Janus
Website www.janus.com
Inception date Jun 08, 2016
Assets (mns) $21
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 48
Wgt avg mkt cap (mns) $7,605
Large cap (>$10bn) 40.3%
Mid cap ($2-10bn) 39.2%
Small cap (<$2bn) 20.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
WELLTOWER, INC. 16.3 %
VENTAS INC 10.4 %
HCP INC 10.3 %
OMEGA HEALTHCARE INVESTORS 5.5 %
LHC GROUP INC 5.4 %
AMEDISYS INC 5.1 %
ORPEA 4.7 %
RYMAN HEALTHCARE LTD 4.0 %
SABRA HEALTH CARE REIT INC 3.4 %
AEDIFICA 3.1 %
Total 68.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 72.9 %
FRANCE 6.8 %
NEW ZEALAND 4.0 %
BELGIUM 3.1 %
CANADA 2.0 %
AUSTRALIA 1.3 %
JAPAN 1.1 %
SWEDEN 0.5 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-29.5% -18.3% -- -- -2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.90 42%
MSCI EAFE 0.90 37%
MSCI Emg. Mkts. 0.65 29%

Technical Indicators
Recent close $23.21
30d moving avg. $20.78
Annualized volatility 23.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 14
Turnover 1.6%
Bid/Ask (% of price) 0.95%
ADV underlying (mns) $821

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the The Long-Term Care ETF ETF based on the alternatives' overlap in portfolio holdings with OLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OLD Expense: 35 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OLD
Ticker Fund
Name
Overlap1
vs OLD
(%)
Expense
ratio
(bp)
Savings
vs OLD
(bp)
ALTAR
Score™
(%)
ALTAR
vs OLD
(%)
REZ iShares Residential Real Estate Capped ETF 20.9 48 -13 6.4 -0.2
GRI ALPS REIT Dividend Dogs ETF 11.5 35 0 15.9 +9.3
XHS SPDR S&P Health Care Services ETF 11.4 35 0 5.4 -1.2
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 10.1 40 -5 7.3 +0.7
RORE Hartford Multifactor REIT ETF 9.5 45 -10 15.6 +9.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 9.3 39 -4 6.2 -0.4
SCHH Schwab U.S. REIT ETF 8.8 7 28 7.9 +1.3
RWR SPDR Dow Jones REIT ETF 8.8 25 10 7.8 +1.2
USRT iShares Core U.S. REIT ETF 8.0 8 27 7.7 +1.1
FRI First Trust S&P REIT Index Fund 8.0 50 -15 7.3 +0.7
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 7.9 11 24 7.7 +1.1
LNGR Global X Longevity Thematic ETF 7.9 50 -15 3.2 -3.4
KSCD KFA Small Cap Quality Dividend Index ETF 7.1 51 -16 6.1 -0.5
PSR Invesco Active U.S. Real Estate Fund 6.9 35 0 6.4 -0.2
XLRE The Real Estate Select Sector SPDR Fund 6.5 13 22 5.8 -0.8
ICF iShares Cohen & Steers REIT ETF 6.5 34 1 6.2 -0.4
PTH Invesco DWA Healthcare Momentum ETF 6.3 60 -25 -2.4 -9.0
REET iShares Global REIT ETF 6.2 14 21 7.8 +1.2
FREL Fidelity MSCI Real Estate Index ETF 5.9 8 27 6.9 +0.3
GQRE FlexShares Global Quality Real Estate Index Fund 5.7 45 -10 7.9 +1.3
IYR iShares U.S. Real Estate ETF 5.7 42 -7 6.8 +0.2
RNSC Small Cap US Equity Select ETF 5.6 60 -25 7.7 +1.1
SRET Global X SuperDividend REIT ETF 5.5 59 -24 14.2 +7.6
SMDV ProShares Russell 2000 Dividend Growers ETF 5.4 40 -5 6.9 +0.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 5.3 30 5 9.6 +3.0
VNQ Vanguard REIT Index Fund 5.2 12 23 6.9 +0.3
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 5.2 60 -25 7.6 +1.0
ROOF IQ US Real Estate Small Cap ETF 5.2 70 -35 11.4 +4.8
RWO SPDR Dow Jones Global Real Estate ETF 5.1 50 -15 7.4 +0.8
PPTY PPTY-U.S. Diversified Real Estate ETF 5.0 53 -18 6.6 +0.0
KBWY Invesco KBW Premium Yield Equity REIT ETF 4.5 35 0 21.4 +14.8
IHF iShares U.S. Healthcare Providers ETF 4.4 43 -8 7.2 +0.6
JSML Janus Henderson Small Cap Growth Alpha ETF 4.3 35 0 6.1 -0.5
PSCH Invesco S&P SmallCap Health Care ETF 4.3 29 6 3.1 -3.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.9 35 0 6.3 -0.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 3.7 40 -5 6.1 -0.5
SPYD SPDR S&P 500 High Dividend ETF 3.6 7 28 10.2 +3.6
OSCV Opus Small Cap Value Plus ETF 3.5 79 -44 5.8 -0.8
ENZL iShares MSCI New Zealand Capped ETF 3.5 50 -15 2.9 -3.7
HOMZ Hoya Capital Housing ETF 3.4 45 -10 7.2 +0.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 3.4 38 -3 8.1 +1.5
VRAI Virtus Real Asset Income ETF 3.1 55 -20 11.4 +4.8
XMMO Invesco S&P MidCap Momentum ETF 3.1 39 -4 4.3 -2.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.0 30 5 7.8 +1.2
AFSM First Trust Active Factor Small Cap ETF 2.6 75 -40 6.4 -0.2
PSCF Invesco S&P SmallCap Financials ETF 2.4 29 6 11.6 +5.0
WDIV SPDR Global Dividend ETF 2.4 40 -5 10.2 +3.6
JKK iShares Morningstar Small-Cap Growth ETF 2.3 30 5 1.4 -5.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 2.3 24 11 7.7 +1.1
EQWM Invesco S&P MidCap Quality ETF 2.1 25 10 5.0 -1.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.0 65 -30 5.5 -1.1
IWO iShares Russell 2000 Growth ETF 2.0 24 11 0.8 -5.8
VTWG Vanguard Russell 2000 Growth Index Fund 1.9 15 20 0.9 -5.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.9 29 6 6.1 -0.5
NUMV Nuveen ESG Mid-Cap Value ETF 1.9 40 -5 8.8 +2.2
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 1.8 20 15 6.1 -0.5
EWK iShares MSCI Belgium Capped ETF 1.8 49 -14 6.9 +0.3
PDP Invesco DWA Momentum ETF 1.8 62 -27 2.9 -3.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 1.7 35 0 4.0 -2.6
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 1.7 35 0 9.4 +2.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 1.7 18 17 5.6 -1.0
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 1.7 99 -64 2.2 -4.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.7 15 20 4.9 -1.7
IJK iShares S&P Mid-Cap 400 Growth ETF 1.7 24 11 4.8 -1.8
SMDY Syntax Stratified MidCap ETF 1.6 30 5 6.5 -0.1
AFMC First Trust Active Factor Mid Cap ETF 1.6 65 -30 6.4 -0.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.6 20 15 6.2 -0.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.6 15 20 4.8 -1.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 1.6 12 23 8.3 +1.7
DES WisdomTree U.S. SmallCap Dividend Fund 1.6 38 -3 8.6 +2.1
FSMD Fidelity Small-Mid Factor ETF 1.6 29 6 7.1 +0.5
IWM iShares Russell 2000 ETF 1.6 19 16 3.8 -2.8
JDIV JPMorgan U.S. Dividend ETF 1.5 12 23 8.3 +1.7
SPMD SPDR Portfolio Mid Cap ETF 1.5 5 30 6.5 -0.1
MDY SPDR S&P Midcap 400 ETF Trust 1.5 23 12 6.3 -0.3
LVHD Legg Mason Low Volatility High Dividend ETF 1.5 27 8 8.7 +2.1
IJH iShares Core S&P Mid-Cap ETF 1.5 6 29 6.5 -0.1
VTWO Vanguard Russell 2000 Index Fund 1.5 10 25 3.8 -2.8
IVOO Vanguard S&P Mid-Cap 400 ETF 1.5 10 25 6.4 -0.2
DHS WisdomTree U.S. High Dividend Fund 1.5 38 -3 8.6 +2.0
SPDV AAM S&P 500 High Dividend Value ETF 1.4 29 6 10.7 +4.1
QDIV Global X S&P 500 Quality Dividend ETF 1.4 20 15 8.2 +1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 1.4 40 -5 7.0 +0.4
IWS iShares Russell Mid-Cap Value ETF 1.4 24 11 7.4 +0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.3 70 -35 2.2 -4.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 1.3 48 -13 6.4 -0.2
MDYV SPDR S&P 400 Mid Cap Value ETF 1.3 15 20 8.5 +1.9
IJJ iShares S&P Mid-Cap 400 Value ETF 1.3 25 10 8.4 +1.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.3 15 20 8.5 +1.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 1.3 30 5 6.3 -0.3
IJT iShares S&P Small-Cap 600 Growth ETF 1.3 25 10 5.3 -1.3
SLYG SPDR S&P 600 Small Cap Growth ETF 1.3 15 20 5.4 -1.2
IYF iShares U.S. Financials ETF 1.3 42 -7 7.1 +0.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.3 16 19 5.4 -1.2
JKI iShares Morningstar Mid-Cap Value ETF 1.3 30 5 9.8 +3.2
VBK Vanguard Small-Cap Growth Index Fund 1.3 7 28 2.7 -3.9
FDEV Fidelity Targeted International Factor ETF 1.2 39 -4 6.9 +0.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 1.2 25 10 7.5 +0.9
ROGS Hartford Multifactor Global Small Cap ETF 1.2 34 1 8.2 +1.6

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:
The Long-Term Care ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.0 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.51
 
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.