Organics
ALTAR
Score™
4.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
33.6x P/Sales
ratio
0.3x
P/BV
ratio
1.7x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Organics ETF is a market cap selected and weighted fund that focuses on companies from all over the world that cater to the demand for organic products.

FUND BASICS
Category Global Equities
Fund Sponsor Janus
Website www.janus.com
Inception date Jun 08, 2016
Assets (mns) $7
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 27
Wgt avg mkt cap (mns) $2,958
Large cap (>$10bn) 19.0%
Mid cap ($2-10bn) 32.0%
Small cap (<$2bn) 49.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHR HANSEN HOLDING A/S 18.2 %
SPROUTS FARMERS MARKET INC 10.9 %
HAIN CELESTIAL GROUP INC 9.4 %
ARIAKE JAPAN CO LTD 6.1 %
UNITED NATURAL FOODS INC 4.6 %
L'OCCITANE INTERNATIONAL SA 4.5 %
JOHN B. SANFILIPPO & SON INC 4.0 %
BELLAMY'S AUSTRALIA LTD. 3.9 %
ROCK FIELD CO., LTD. 3.7 %
BLACKMORES LTD 3.7 %
Total 68.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 33.6 %
DENMARK 18.5 %
AUSTRALIA 14.6 %
JAPAN 12.9 %
LUXEMBOURG 4.8 %
CANADA 4.1 %
BRITAIN 3.3 %
SWEDEN 2.1 %
CHINA 1.8 %
HONG KONG 0.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.2% -12.0% -- -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.70 33%
MSCI EAFE 0.76 32%
MSCI Emg. Mkts. 0.53 25%

Technical Indicators
Recent close $24.38
30d moving avg. $24.01
Annualized volatility 14.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 2.05%
ADV underlying (mns) $115

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Organics ETF based on the alternatives' overlap in portfolio holdings with ORG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ORG Expense: 35 bp ALTAR Score™: 4.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ORG
Ticker Fund
Name
Overlap1
vs ORG
(%)
Expense
ratio
(bp)
Savings
vs ORG
(bp)
ALTAR
Score™
(%)
ALTAR
vs ORG
(%)
BFIT Global X Health & Wellness Thematic 5.1 50 -15 4.8 +0.3
PSCC Invesco S&P Small Cap Consumer Staples 4.5 29 6 4.8 +0.3
PBJ Invesco Dynamic Food & Beverage 3.1 63 -28 8.7 +4.2
PSL Invesco DWA Consumer Staples Momentum 3.0 60 -25 5.8 +1.3
FXG First Trust Consumer Staples 2.9 64 -29 6.6 +2.1
DIET Defiance Next Gen Food & Agriculture 2.9 30 5 5.7 +1.2
EDEN iShares MSCI Denmark Capped 2.8 53 -18 4.5 -0.1
MJ ETFMG Alternative Harvest 2.0 75 -40 -3.3 -7.8
FTXG First Trust Nasdaq Food & Beverage 1.9 60 -25 5.6 +1.1
XBUY Amplify International Online Retail 1.7 69 -34 0.7 -3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 1.6 39 -4 -5.2 -9.7
TOKE Cambria Cannabis 1.5 42 -7 0.7 -3.8
DWAS Invesco DWA Smallcap Technology 1.4 60 -25 0.4 -4.1
XRT SPDR S&P Retail 1.3 35 0 8.9 +4.4
THCX Cannabis 1.2 70 -35 -5.6 -10.1
VFMV Vanguard U.S. Minimum Volatility 1.2 13 22 5.4 +0.8
YOLO AdvisorShares Pure Cannabis 1.2 74 -39 -18.1 -22.6
ROGS Lattice Global Small Cap Strategy 1.1 39 -4 7.2 +2.7
CSB Victory CEMP US Small Cap High Div Volatility Wtd 1.1 35 0 7.3 +2.7
JSMD Janus Small/Mid Cap Growth Alpha 0.8 35 0 6.6 +2.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Organics
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 7.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.87 CATEGORY
AVERAGE
1.55
 
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.