RiverFront Dynamic US Flex-Cap
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.5x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The RiverFront Dynamic US Flex-Cap ETF is an actively managed fund of stocks selected on the basis of multiple factors such as value, quality, and momentum.

FUND BASICS
Category US Equities
Fund Sponsor ALPS
Website www.alpsfunds.com
Inception date Jun 07, 2016
Assets (mns) $129
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 155
Wgt avg mkt cap (mns) $245,231
Large cap (>$10bn) 78.8%
Mid cap ($2-10bn) 14.8%
Small cap (<$2bn) 6.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.0 %
MICROSOFT CORP 4.0 %
AMAZON.COM INC 2.6 %
FACEBOOK 1.9 %
JPMORGAN CHASE & CO 1.8 %
ALPHABET INC. CLASS C 1.7 %
ALPHABET INC. CLASS A 1.7 %
JOHNSON & JOHNSON 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
EXXON MOBIL CORP 1.3 %
Total 21.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 1.2 %
BRITAIN 0.8 %
NETHERLANDS 0.4 %
SWITZERLAND 0.3 %






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.
17.1% 3.6% -- -- 10.6%

Market Correlations
versus... Beta R-squared
S&P500 1.19 93%
MSCI EAFE 1.03 59%
MSCI Emg. Mkts. 0.65 39%

Technical Indicators
Recent close $34.52
30d moving avg. $33.66
Annualized volatility 14.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $72,147

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the RiverFront Dynamic US Flex-Cap ETF based on the alternatives' overlap in portfolio holdings with RFFC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: RFFC Expense: 52 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH RFFC
Ticker Fund
Name
Overlap1
vs RFFC
(%)
Expense
ratio
(bp)
Savings
vs RFFC
(bp)
ALTAR
Score™
(%)
ALTAR
vs RFFC
(%)
IWL iShares Russell Top 200 54.6 15 37 5.7 -0.0
MGC Vanguard Mega Cap 300 ETF 53.8 7 45 5.8 +0.1
PBP Invesco S&P 500 Buy/Write 52.6 49 3 5.6 -0.1
OEF iShares S&P 100 52.6 20 32 5.5 -0.2
HSPX Global X S&P 500 Covered Call 51.9 65 -13 5.4 -0.3
SPY S&P 500 SPDR 51.4 9 43 5.9 +0.2
IVV iShares Core S&P 500 51.4 4 48 5.9 +0.2
VOO Vanguard S&P 500 ETF 51.3 3 49 5.9 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 50.4 20 32 5.9 +0.2
BBUS JP Morgan Betabuilders U.S. Equity 50.2 2 50 5.8 +0.2
VV Vanguard Large-Cap ETF 50.1 4 48 5.8 +0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity 50.0 20 32 5.6 -0.1
PBUS Invesco PureBeta MSCI USA 49.9 4 48 6.0 +0.3
SPXE ProShares S&P 500 Ex-Energy 49.9 27 25 5.9 +0.2
SCHX Schwab U.S. Large-Cap 49.1 3 49 5.8 +0.1
SPXN ProShares S&P 500 Ex-Financials 48.8 27 25 5.9 +0.2
IWB iShares Russell 1000 48.4 15 37 5.7 +0.0
SPXV ProShares S&P 500 Ex-Health Care 48.4 27 25 5.6 -0.1
SCHK Schwab 1000 Index 48.3 5 47 5.8 +0.2
VONE Vanguard Russell 1000 48.2 12 40 5.8 +0.1

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 Flex-Cap
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 12.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 52 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.