Qraft Ai-Enhanced U.S. Large Cap ETF
ALTAR
Score™
4.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
26.0x P/Sales
ratio
2.8x
P/BV
ratio
7.0x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The QRAFT AI-Enhanced U.S. Large Cap ETF is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence.

FUND BASICS
Category US Equities
Fund Sponsor Cottonwood ETF Holdings LLC
Website qraftaietf.com
Inception date May 21, 2019
Assets (mns) $4
Currency USD
Expense ratio 75 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 349
Wgt avg mkt cap (mns) $283,231
Large cap (>$10bn) 97.6%
Mid cap ($2-10bn) 2.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.2 %
MICROSOFT CORP 6.8 %
AMAZON.COM INC 4.9 %
FACEBOOK 3.2 %
ALPHABET INC. CLASS A 1.9 %
WAL-MART STORES INC 1.7 %
MASTERCARD INC-CLASS A 1.6 %
PROCTER & GAMBLE CO/THE 1.6 %
HOME DEPOT INC 1.4 %
ESTEE LAUDER COMPANIES-CL A 1.3 %
Total 31.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 1.3 %
CANADA 0.9 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %
CHINA 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

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

Technical Indicators
Recent close $28.67
30d moving avg. $28.03
Annualized volatility 0.0%
Short interest (ETF) 0.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $109,442

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Qraft Ai-Enhanced U.S. Large Cap ETF ETF based on the alternatives' overlap in portfolio holdings with QRFT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QRFT Expense: 75 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QRFT
Ticker Fund
Name
Overlap1
vs QRFT
(%)
Expense
ratio
(bp)
Savings
vs QRFT
(bp)
ALTAR
Score™
(%)
ALTAR
vs QRFT
(%)
VONG Vanguard Russell 1000 Growth 54.3 12 63 4.7 +0.6
IWF iShares Russell 1000 Growth 54.3 19 56 4.6 +0.5
OQAL Invesco Russell 1000 Quality Factor ETF 53.1 19 56 4.9 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity 52.8 9 66 5.7 +1.7
SPYG SPDR Portfolio S&P 500 Growth 52.6 4 71 4.7 +0.6
IVW iShares S&P 500 Growth 52.5 18 57 4.5 +0.5
IUSG iShares Core U.S. Growth 52.2 4 71 4.7 +0.6
OMOM Invesco Russell 1000 Momentum Factor ETF 50.5 19 56 5.0 +0.9
VUG Vanguard Growth ETF 50.1 4 71 4.5 +0.4
XOUT GraniteShares XOUT US Large Cap 49.8 60 15 4.7 +0.7
SPXN ProShares S&P 500 Ex-Financials 49.0 27 48 5.5 +1.4
SCHG Schwab U.S. Large-Cap Growth 48.7 4 71 4.5 +0.4
SFY SoFi Select 500 46.8 0 75 5.2 +1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions 46.4 49 26 4.7 +0.6
SPLG SPDR Portfolio Large Cap 45.8 3 72 5.4 +1.3
PBP Invesco S&P 500 Buy/Write 45.2 49 26 5.2 +1.2
SPXE ProShares S&P 500 Ex-Energy 45.1 27 48 5.5 +1.4
ESGU iShares MSCI USA ESG Optimized 45.1 15 60 5.2 +1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index 44.8 15 60 5.2 +1.2
IETC iShares Evolved U.S. Technology 44.7 18 57 4.3 +0.2

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

Content on this tab for subscribers only

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:
Qraft Ai-Enhanced U.S. Large Cap 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 27.3 %
Divided by: Fwd. P/BV 5.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.