RiverFront Dynamic US Dividend Advantage ETF
ALTAR
Score™
4.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.7x P/Sales
ratio
3.2x
P/BV
ratio
4.2x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The RiverFront Dynamic US Dividend Advantage ETF is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors.

FUND BASICS
Category US Equities
Fund Sponsor ALPS
Website www.alpsfunds.com
Inception date Jun 06, 2016
Assets (mns) $138
Currency USD
Expense ratio 52 bp
Distributions Monthly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $396,435
Large cap (>$10bn) 92.3%
Mid cap ($2-10bn) 5.7%
Small cap (<$2bn) 2.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.4 %
AMAZON.COM INC 5.2 %
APPLE INC 4.8 %
VISA INC-CLASS A SHARES 2.5 %
CISCO SYSTEMS INC 2.2 %
AT&T INC 2.1 %
COCA-COLA CO/THE 2.0 %
BROADCOM INC. 2.0 %
PFIZER INC 1.9 %
ORACLE CORP 1.9 %
Total 32.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-1.9% 6.6% -- -- 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.04 97%
MSCI EAFE 1.07 87%
MSCI Emg. Mkts. 0.76 71%

Technical Indicators
Recent close $34.90
30d moving avg. $33.34
Annualized volatility 18.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.1%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $92,450

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the RiverFront Dynamic US Dividend Advantage ETF ETF based on the alternatives' overlap in portfolio holdings with RFDA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFDA Expense: 52 bp ALTAR Score™: 4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFDA
Ticker Fund
Name
Overlap1
vs RFDA
(%)
Expense
ratio
(bp)
Savings
vs RFDA
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFDA
(%)
RFFC RiverFront Dynamic US Flex-Cap ETF 54.7 52 0 4.4 -0.4
OEF iShares S&P 100 ETF 43.1 20 32 4.6 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 41.3 0 52 4.9 +0.1
XLG Invesco S&P 500 Top 50 ETF 41.2 20 32 4.3 -0.5
IWL iShares Russell Top 200 ETF 41.1 15 37 4.8 -0.1
MGC Vanguard Mega Cap Index Fund 39.7 7 45 5.0 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 39.1 27 25 4.8 -0.1
SNPE Xtrackers S&P 500 ESG ETF 39.0 11 41 4.9 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.5 12 40 4.6 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 38.2 28 24 6.3 +1.4
PBP Invesco S&P 500 BuyWrite ETF 38.1 49 3 4.8 +0.0
IQSU IQ Candriam ESG US Equity ETF 38.0 9 43 4.9 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.0 60 -8 4.0 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 37.7 27 25 4.8 -0.1
HSPX Global X S&P 500 Covered Call ETF 37.4 65 -13 4.7 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 37.3 32 20 4.9 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 37.2 29 23 5.0 +0.2
FVAL Fidelity Value Factor ETF 37.2 29 23 7.7 +2.9
SPXE ProShares S&P 500 Ex-Energy ETF 37.1 27 25 5.1 +0.3
SPY SPDR S&P 500 ETF Trust 37.1 9 43 5.2 +0.3
SPLG SPDR Portfolio Large Cap ETF 37.0 3 49 5.2 +0.4
IVV iShares Core S&P 500 ETF 37.0 4 48 5.2 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 37.0 20 32 5.1 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 37.0 20 32 4.7 -0.1
NACP Impact Shares NAACP Minority Empowerment ETF 36.9 75 -23 4.5 -0.3
VOO VANGUARD S&P 500 ETF 36.9 3 49 5.2 +0.4
IWY iShares Russell Top 200 Growth ETF 36.5 20 32 3.7 -1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 36.5 7 45 5.0 +0.2
FDRR Fidelity Dividend ETF for Rising Rates 36.1 29 23 6.8 +2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.8 2 50 5.1 +0.3
DTD WisdomTree U.S.Total Dividend Fund 35.7 28 24 6.5 +1.6
VV Vanguard Large-Cap Index Fund 35.5 4 48 5.0 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.5 12 40 4.4 -0.4
FQAL Fidelity Quality Factor ETF 35.5 29 23 5.4 +0.5
PBUS Invesco PureBeta MSCI USA ETF 35.3 4 48 5.1 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 35.1 25 27 6.0 +1.2
SCHX Schwab U.S. Large-Cap ETF 35.0 3 49 5.1 +0.3
VONG Vanguard Russell 1000 Growth Index Fund 35.0 8 44 3.7 -1.2
IWF iShares Russell 1000 Growth ETF 35.0 19 33 3.6 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 34.9 3 49 5.3 +0.5
SFY SoFi Select 500 ETF 34.8 0 52 5.0 +0.2
ACIO Aptus Collared Income Opportunity ETF 34.5 79 -27 4.1 -0.7
SYG SPDR MFS Systematic Growth Equity ETF 34.5 60 -8 4.1 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 34.4 15 37 4.9 +0.1
SCHK Schwab 1000 Index ETF 34.1 5 47 5.1 +0.2
ESGV Vanguard ESG U.S. Stock ETF 34.0 12 40 4.9 +0.1
VOOG Vanguard S&P 500 Growth ETF 34.0 10 42 4.1 -0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 34.0 4 48 4.2 -0.7
IVW iShares S&P 500 Growth ETF 34.0 18 34 4.0 -0.8
VONE Vanguard Russell 1000 ETF 34.0 8 44 5.0 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 33.9 8 44 6.3 +1.5
IWB iShares Russell 1000 ETF 33.9 15 37 4.9 +0.1
IYY iShares Dow Jones U.S. ETF 33.8 20 32 5.0 +0.2
QDF FlexShares Quality Dividend Index Fund 33.8 37 15 6.0 +1.2
IUSG iShares Core S&P US Growth ETF 33.6 4 48 4.2 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 33.6 25 27 6.4 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.3 9 43 5.3 +0.5
RECS Columbia Research Enhanced Core ETF 33.2 15 37 5.4 +0.6
QLC FlexShares US Quality Large Cap Index Fund 33.0 32 20 5.2 +0.4
MGK Vanguard Mega Cap Growth ETF 33.0 7 45 3.9 -0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 32.9 37 15 5.7 +0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.9 15 37 6.0 +1.2
SCHB Schwab U.S. Broad Market ETF 32.8 3 49 5.0 +0.2
IGM iShares Expanded Tech Sector ETF 32.7 46 6 3.6 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 32.6 3 49 5.0 +0.2
OUSA O'Shares FTSE US Quality Dividend ETF 32.6 48 4 5.5 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.5 49 3 3.8 -1.0
IWV iShares Russell 3000 ETF 32.4 20 32 4.8 -0.0
VTHR Vanguard Russell 3000 Index Fund 32.4 10 42 4.9 +0.1
YLDE ClearBridge Dividend Strategy ESG ETF 32.4 60 -8 4.8 -0.0
FDLO Fidelity Low Volatility Factor ETF 32.0 29 23 5.0 +0.1
VTI Vanguard Total Stock Market Index Fund 31.9 3 49 4.9 +0.1
DSI iShares MSCI KLD 400 Social ETF 31.9 25 27 5.0 +0.2
VUG Vanguard Growth Index Fund 31.6 4 48 3.8 -1.1
JQUA JPMorgan U.S. Quality Factor ETF 31.6 12 40 5.2 +0.4
EXT WisdomTree U.S. Total Earnings Fund 31.4 28 24 5.0 +0.2
STLG iShares Factors US Growth Style ETF 31.4 25 27 3.5 -1.4
IETC iShares Evolved U.S. Technology ETF 30.9 18 34 3.6 -1.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.9 75 -23 3.8 -1.1
DGRO iShares Core Dividend Growth ETF 30.7 8 44 6.5 +1.7
QYLD Global X NASDAQ 100 Covered Call ETF 30.4 60 -8 3.4 -1.5
NUSI Nationwide Risk-Managed Income ETF 30.3 68 -16 3.3 -1.5
QQQ Invesco QQQ Trust 30.1 20 32 3.7 -1.1
KRMA Global X Conscious Companies ETF 30.0 43 9 5.0 +0.2
QUS SPDR MSCI USA StrategicFactors ETF 29.8 15 37 5.7 +0.9
IOO iShares Global 100 ETF 29.8 40 12 4.6 -0.2
VEGN US Vegan Climate ETF 29.7 60 -8 5.0 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 29.7 10 42 5.2 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 29.6 10 42 5.2 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 29.5 4 48 3.9 -0.9
FDVV Fidelity Core Dividend ETF 29.5 29 23 7.0 +2.2
AFLG First Trust Active Factor Large Cap ETF 29.3 55 -3 5.3 +0.5
SPMO Invesco S&P 500 Momentum ETF 29.2 13 39 4.1 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 29.1 15 37 6.0 +1.2
QUAL iShares MSCI Usa Quality Factor ETF 29.1 15 37 5.3 +0.4
TMFC Motley Fool 100 Index ETF 29.0 50 2 3.3 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.0 19 33 5.9 +1.0
FDMO Fidelity Momentum Factor ETF 28.9 29 23 3.7 -1.2
RAFE PIMCO RAFI ESG U.S. ETF 28.9 29 23 7.5 +2.7
QLV FlexShares US Quality Low Volatility Index Fund 28.9 22 30 4.6 -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

  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:
RiverFront Dynamic US Dividend Advantage 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 20.6 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 4.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.52
 
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.