Columbia Research Enhanced Core
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.0x P/Sales
ratio
2.3x
P/BV
ratio
3.3x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
RECS tracks an index of US stocks pulled from the Russell 1000. The index uses multifactor selection and market cap weighting.

FUND BASICS
Category US Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleus.com
Inception date Sep 25, 2019
Assets (mns) $5
Currency USD
Expense ratio 15 bp
Distributions Annually

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 348
Wgt avg mkt cap (mns) $347,269
Large cap (>$10bn) 94.8%
Mid cap ($2-10bn) 5.1%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.7 %
MICROSOFT CORP 5.6 %
AMAZON.COM INC 4.2 %
JPMORGAN CHASE & CO 3.3 %
JOHNSON & JOHNSON 2.4 %
FACEBOOK 2.3 %
BANK OF AMERICA CORP 2.2 %
CHEVRON CORP 2.0 %
ALPHABET INC. CLASS C 2.0 %
ALPHABET INC. CLASS A 2.0 %
Total 31.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 2.3 %
BRITAIN 0.9 %
CHINA 0.1 %
SWITZERLAND 0.1 %






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.
5.8% -- -- -- 5.8%

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

Technical Indicators
Recent close $20.90
30d moving avg. $20.70
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $87,940

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: RECS Expense: 15 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RECS
Ticker Fund
Name
Overlap1
vs RECS
(%)
Expense
ratio
(bp)
Savings
vs RECS
(bp)
ALTAR
Score™
(%)
ALTAR
vs RECS
(%)
IWL iShares Russell Top 200 65.6 15 0 5.7 -0.2
MGC Vanguard Mega Cap 300 ETF 63.5 7 8 5.8 -0.0
OEF iShares S&P 100 63.4 20 -5 5.5 -0.4
SNPE Xtrackers S&P 500 ESG 62.4 11 4 5.8 -0.1
SPXN ProShares S&P 500 Ex-Financials 62.3 27 -12 5.9 +0.0
PRID InsightShares LGBT Employment Equality 62.0 65 -50 5.4 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity 61.6 20 -5 5.6 -0.3
OQAL Invesco Russell 1000 Quality Factor ETF 61.2 19 -4 5.3 -0.6
PBP Invesco S&P 500 Buy/Write 60.6 49 -34 5.5 -0.4
SPXE ProShares S&P 500 Ex-Energy 60.5 27 -12 5.9 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 60.2 20 -5 5.9 +0.1
HSPX Global X S&P 500 Covered Call 59.9 65 -50 5.3 -0.6
SPY S&P 500 SPDR 59.8 9 6 5.9 +0.0
SPXV ProShares S&P 500 Ex-Health Care 59.7 27 -12 5.7 -0.2
OMOM Invesco Russell 1000 Momentum Factor ETF 59.5 19 -4 5.3 -0.6
VOO Vanguard S&P 500 ETF 59.4 3 12 6.0 +0.1
IVV iShares Core S&P 500 59.4 4 11 5.9 +0.1
OVOL Invesco Russell 1000 Low Volatility Factor ETF 58.8 19 -4 5.6 -0.2
PBUS Invesco PureBeta MSCI USA 58.6 4 11 6.0 +0.1
XLG Invesco S&P Top 50 58.5 20 -5 5.2 -0.7

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%.

Content on this tab for subscribers only**

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:
Columbia Research Enhanced Core
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 17.7 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.56
 
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.