AlphaMark Actively Managed Small Cap
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
19.2x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The AlphaMark Actively Managed Small Cap ETF is an actively managed portfolio of US-listed small-cap stocks and ADRs selected for consistent growth, earnings and cash flow.

FUND BASICS
Category US Equities
Fund Sponsor US Bancorp
Website www.alphamarkadvisors.com
Inception date Apr 21, 2015
Assets (mns) $22
Currency USD
Expense ratio 122 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 6
Wgt avg mkt cap (mns) $1,894
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 41.0%
Small cap (<$2bn) 56.7%
Developed mkts 82.9%
Emerging mkts 14.9%

TOP TEN HOLDINGS
ISHARES RUSSELL 2000 VALUE 61.5 %
ISHARES MSCI EMERGING MARKET SMALL 16.4 %
ISHARES RUSSELL 2000 GROWTH 13.9 %
ISHARES MSCI EAFE SMALL CAP 5.3 %
ISHARES RUSSELL 2000 0.8 %
Total 97.9 %

TOP COUNTRY EXPOSURE
0.0 %











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.
14.1% -0.5% -- -- -0.7%

Market Correlations
versus... Beta R-squared
S&P500 1.19 78%
MSCI EAFE 1.04 51%
MSCI Emg. Mkts. 0.64 31%

Technical Indicators
Recent close $24.13
30d moving avg. $23.74
Annualized volatility 16.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $10,372

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 2 potential alternatives to the AlphaMark Actively Managed Small Cap ETF based on the alternatives' overlap in portfolio holdings with SMCP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SMCP Expense: 122 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SMCP
Ticker Fund
Name
Overlap1
vs SMCP
(%)
Expense
ratio
(bp)
Savings
vs SMCP
(bp)
ALTAR
Score™
(%)
ALTAR
vs SMCP
(%)
HSCZ iShares Currency Hedged MSCI EAFE Small-Cap 5.3 42 80 6.0 +1.5
SMMD iShares Russell 2500 0.8 15 107 5.7 +1.2

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%.

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:
AlphaMark Actively Managed Small Cap
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 7.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 122 bp
Equals: ALTAR Score 4.6 %
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.