RiverFront Dynamic US Dividend Advantage ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.4x P/Sales
ratio
2.3x
P/BV
ratio
3.2x Div.
yield
2.3%


  • 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 07, 2016
Assets (mns) $120
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 102
Wgt avg mkt cap (mns) $351,496
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 7.8%
Small cap (<$2bn) 6.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.2 %
APPLE INC 6.1 %
AMAZON.COM INC 4.5 %
JOHNSON & JOHNSON 2.6 %
VISA INC-CLASS A SHARES 2.4 %
HOME DEPOT INC 2.0 %
PFIZER INC 2.0 %
INTEL CORP 1.8 %
AT&T INC 1.7 %
VERIZON COMMUNICATIONS INC 1.7 %
Total 30.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 2.6 %
BRITAIN 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.7% -5.7% -- -- 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.04 97%
MSCI EAFE 1.05 86%
MSCI Emg. Mkts. 0.78 73%

Technical Indicators
Recent close $31.63
30d moving avg. $30.00
Annualized volatility 17.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 36
Turnover 1.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $90,599

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™: 6.2%


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 55.0 52 0 5.6 -0.6
OEF iShares S&P 100 ETF 48.7 20 32 5.0 -1.2
XLG Invesco S&P 500 Top 50 ETF 47.1 20 32 4.7 -1.5
IWL iShares Russell Top 200 ETF 46.1 15 37 5.3 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 45.9 75 -23 4.7 -1.5
MGC Vanguard Mega Cap Index Fund 45.7 7 45 5.4 -0.8
FVAL Fidelity Value Factor ETF 44.5 29 23 8.4 +2.2
SPXN ProShares S&P 500 Ex-Financials ETF 44.5 27 25 5.2 -1.0
PBP Invesco S&P 500 BuyWrite ETF 44.5 49 3 5.3 -0.9
HSPX Global X S&P 500 Covered Call ETF 43.9 65 -13 5.2 -1.0
RECS Columbia Research Enhanced Core ETF 43.8 15 37 5.8 -0.4
IQSU IQ Candriam ESG US Equity ETF 43.8 9 43 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.5 20 32 5.6 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 43.4 27 25 5.5 -0.7
SNPE Xtrackers S&P 500 ESG ETF 42.9 11 41 5.3 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 42.7 12 40 5.2 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.6 20 32 5.2 -1.0
SPLG SPDR Portfolio Large Cap ETF 42.4 3 49 5.6 -0.6
SPY SPDR S&P 500 ETF Trust 42.3 9 43 5.6 -0.6
IVV iShares Core S&P 500 ETF 42.3 4 48 5.6 -0.6
VOO VANGUARD S&P 500 ETF 42.1 3 49 5.6 -0.6
CATH Global X S&P 500 Catholic Values Custom ETF 42.0 29 23 5.5 -0.7
VV Vanguard Large-Cap Index Fund 41.2 4 48 5.5 -0.7
PBUS Invesco PureBeta MSCI USA ETF 40.8 4 48 5.6 -0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 40.4 75 -23 4.7 -1.5
ESGU iShares MSCI USA ESG Optimized ETF 40.4 15 37 5.3 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 40.4 2 50 5.6 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 40.3 27 25 5.3 -0.9
QLC FlexShares US Quality Large Cap Index Fund 40.2 32 20 5.6 -0.6
SCHX Schwab U.S. Large-Cap ETF 39.8 3 49 5.5 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 39.7 9 43 5.7 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 39.6 3 49 5.7 -0.5
FQAL Fidelity Quality Factor ETF 39.2 29 23 5.5 -0.7
IWB iShares Russell 1000 ETF 39.0 15 37 5.4 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.0 12 40 4.9 -1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 38.9 28 24 6.5 +0.3
FDLO Fidelity Low Volatility Factor ETF 38.8 29 23 5.3 -0.9
EPS WisdomTree U.S. Earnings 500 Fund 38.7 8 44 6.6 +0.4
VONE Vanguard Russell 1000 ETF 38.7 8 44 5.5 -0.7
SCHK Schwab 1000 Index ETF 38.7 5 47 5.5 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.7 15 37 6.4 +0.2
ESGV Vanguard ESG U.S. Stock ETF 38.5 12 40 5.4 -0.8
IYY iShares Dow Jones U.S. ETF 38.4 20 32 5.4 -0.8
ACIO Aptus Collared Income Opportunity ETF 38.1 79 -27 4.6 -1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.1 60 -8 4.6 -1.6
ESG FlexShares STOXX US ESG Impact Index Fund 37.8 32 20 5.3 -0.9
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.8 29 23 4.4 -1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 37.7 4 48 4.5 -1.7
IVW iShares S&P 500 Growth ETF 37.7 18 34 4.4 -1.8
SFY SoFi Select 500 ETF 37.7 0 52 5.5 -0.7
IWY iShares Russell Top 200 Growth ETF 37.7 20 32 4.4 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 37.6 25 27 6.6 +0.4
VOOG Vanguard S&P 500 Growth ETF 37.6 10 42 4.5 -1.7
QUS SPDR MSCI USA StrategicFactors ETF 37.4 15 37 5.9 -0.3
SCHB Schwab U.S. Broad Market ETF 37.1 3 49 5.5 -0.7
IWV iShares Russell 3000 ETF 37.1 20 32 5.3 -0.9
VTI Vanguard Total Stock Market Index Fund 37.0 3 49 5.4 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.0 3 49 5.4 -0.8
IUSG iShares Core S&P US Growth ETF 37.0 4 48 4.6 -1.6
VTHR Vanguard Russell 3000 Index Fund 36.8 10 42 5.4 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 36.8 49 3 4.3 -1.9
VONG Vanguard Russell 1000 Growth Index Fund 36.7 8 44 4.5 -1.7
IWF iShares Russell 1000 Growth ETF 36.7 19 33 4.4 -1.8
DTD WisdomTree U.S.Total Dividend Fund 36.4 28 24 6.7 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 36.1 29 23 7.1 +0.9
TMFC Motley Fool 100 Index ETF 35.7 50 2 4.1 -2.1
IUS Invesco Strategic US ETF 35.4 19 33 6.4 +0.2
EQWL Invesco Russell Top 200 Equal Weight ETF 35.4 25 27 6.2 -0.0
AFLG First Trust Active Factor Large Cap ETF 35.1 55 -3 6.0 -0.2
EXT WisdomTree U.S. Total Earnings Fund 35.0 28 24 5.9 -0.3
MGK Vanguard Mega Cap Growth ETF 34.8 7 45 4.4 -1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 34.6 25 27 6.7 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 34.5 12 40 5.3 -0.8
KRMA Global X Conscious Companies ETF 34.4 43 9 5.4 -0.8
VUG Vanguard Growth Index Fund 34.4 4 48 4.3 -1.9
ADME Aptus Drawdown Managed Equity ETF 34.2 81 -29 3.9 -2.3
DGRO iShares Core Dividend Growth ETF 34.0 8 44 6.6 +0.4
QDF FlexShares Quality Dividend Index Fund 33.9 37 15 6.9 +0.8
OUSA O'Shares FTSE US Quality Dividend ETF 33.8 48 4 5.8 -0.4
FDMO Fidelity Momentum Factor ETF 33.7 29 23 4.0 -2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 33.5 19 33 5.8 -0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 33.4 37 15 6.4 +0.2
DSI iShares MSCI KLD 400 Social ETF 33.2 25 27 5.3 -0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 33.0 10 42 5.5 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 33.0 10 42 5.5 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 32.6 25 27 6.7 +0.5
VEGN US Vegan Climate ETF 32.6 60 -8 5.4 -0.8
ECOZ TrueMark ESG Active Opportunities ETF 32.3 58 -6 4.6 -1.6
IOO iShares Global 100 ETF 32.1 40 12 5.0 -1.2
IGM iShares North American Tech ETF 32.0 46 6 4.1 -2.1
AVUS Avantis U.S. Equity ETF 31.9 15 37 6.0 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 31.6 4 48 4.4 -1.8
JHML John Hancock Multifactor Large Cap ETF 31.5 34 18 5.7 -0.5
BVAL Brand Value ETF 31.5 65 -13 6.3 +0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 31.4 25 27 6.4 +0.2
SPXT ProShares S&P 500 Ex-Technology ETF 31.1 27 25 5.8 -0.4
FLQL Franklin LibertyQ U.S. Equity ETF 31.0 15 37 6.4 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 31.0 22 30 5.3 -0.9
IETC iShares Evolved U.S. Technology ETF 30.8 18 34 4.2 -2.0
FLLV Franklin Liberty U.S. Low Volatility ETF 30.7 29 23 5.8 -0.4

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:

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 20.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.