RiverFront Dynamic US Dividend Advantage
ALTAR
Score™
6.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.7x P/Sales
ratio
1.9x
P/BV
ratio
3.0x Div.
yield
2.9%


  • 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) $131
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 107
Wgt avg mkt cap (mns) $278,138
Large cap (>$10bn) 81.7%
Mid cap ($2-10bn) 14.0%
Small cap (<$2bn) 4.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 5.5 %
APPLE INC 5.2 %
AMAZON.COM INC 2.8 %
JPMORGAN CHASE & CO 2.5 %
CHEVRON CORP 2.1 %
JOHNSON & JOHNSON 1.9 %
AT&T INC 1.8 %
HOME DEPOT INC 1.8 %
BANK OF AMERICA CORP 1.7 %
EXXON MOBIL CORP 1.6 %
Total 26.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 2.5 %
BRITAIN 0.7 %
BERMUDA 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.5% 10.3% -- -- 11.0%

Market Correlations
versus... Beta R-squared
S&P500 1.05 94%
MSCI EAFE 0.91 60%
MSCI Emg. Mkts. 0.60 43%

Technical Indicators
Recent close $33.57
30d moving avg. $33.41
Annualized volatility 13.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $54,679

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the RiverFront Dynamic US Dividend Advantage 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™: 6.6%


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
(%)
XLG Invesco S&P Top 50 51.6 20 32 5.2 -1.4
OEF iShares S&P 100 50.0 20 32 5.5 -1.1
IWL iShares Russell Top 200 48.2 15 37 5.7 -0.9
MGC Vanguard Mega Cap 300 ETF 46.6 7 45 5.8 -0.8
RECS Columbia Research Enhanced Core 46.6 15 37 5.9 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index 45.6 12 40 5.7 -0.9
PBP Invesco S&P 500 Buy/Write 45.0 49 3 5.6 -1.0
JUST Goldman Sachs JUST U.S. Large Cap Equity 44.8 20 32 5.6 -1.0
PRID InsightShares LGBT Employment Equality 44.5 65 -13 5.7 -0.9
OVOL Invesco Russell 1000 Low Volatility Factor ETF 44.4 19 33 5.6 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index 44.3 15 37 5.5 -1.2
SPXN ProShares S&P 500 Ex-Financials 44.1 27 25 5.9 -0.7
HSPX Global X S&P 500 Covered Call 44.0 65 -13 5.5 -1.1
SPY S&P 500 SPDR 43.6 9 43 5.9 -0.7
IVV iShares Core S&P 500 43.6 4 48 6.0 -0.6
VOO Vanguard S&P 500 ETF 43.6 3 49 6.0 -0.6
SNPE Xtrackers S&P 500 ESG 43.1 11 41 5.8 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 42.5 20 32 5.9 -0.7
FVAL Fidelity Value Factor 42.4 29 23 8.2 +1.6
SPXE ProShares S&P 500 Ex-Energy 42.3 27 25 5.9 -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%.

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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:
RiverFront Dynamic US Dividend Advantage
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.5 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.