Constrained Capital ESG Orphans ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2023E    2024E
P/E
ratio
13.6x P/Sales
ratio
2.0x
P/BV
ratio
2.8x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ORFN tracks a market cap-weighted index of US-listed companies from orphaned sectors that are commonly excluded by other funds when making ESG investments.

FUND BASICS
Category US Equities
Fund Sponsor Toroso Investments
Website www.constrainedcapitaletfs.com/orfn/
Inception date May 17, 2022
Assets (mns) $3
Currency USD
Expense ratio 75 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $101,972
Large cap (>$10bn) 77.0%
Mid cap ($2-10bn) 1.4%
Small cap (<$2bn) 0.0%
Developed mkts 98.2%
Emerging mkts 1.8%

TOP TEN HOLDINGS
PHILIP MORRIS INTERNATIONAL 6.1 %
RAYTHEON TECHNOLOGIES CORPORATION 5.8 %
NEXTERA ENERGY GROUP 5.7 %
EXXON MOBIL CORP 5.1 %
BOEING CO 5.1 %
LOCKHEED MARTIN CORP 4.8 %
CHEVRON CORP 4.2 %
ANHEUSER-BUSCH INBEV SPN ADR 4.1 %
DIAGEO PLC-SPONSORED ADR 3.9 %
ROYAL DUTCH SHELL PLC-ADR 3.2 %
Total 48.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 73.6 %
BRITAIN 13.7 %
BELGIUM 4.1 %
FRANCE 2.2 %
BRAZIL 2.1 %
NORWAY 1.4 %
ITALY 0.8 %
HONG KONG 0.2 %



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.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 0.77 58%
MSCI EAFE 0.78 58%
MSCI Emg. Mkts. 0.34 14%

Technical Indicators
Recent close $19.34
30d moving avg. $19.41
Annualized volatility 21.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.6%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $6,884

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 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
  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:
Constrained Capital ESG Orphans ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.3 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.